Can I retire at age 70 with 2,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$165,158$163,687$162,252$160,851$159,483$154,999
2 years$81,761$80,239$78,763$77,332$75,944$71,461
3 years$53,966$52,437$50,965$49,547$48,182$43,840
4 years$40,071$38,547$37,089$35,696$34,364$30,196
5 years$31,737$30,221$28,783$27,418$26,123$22,141
6 years$26,182$24,678$23,261$21,926$20,670$16,878
7 years$22,216$20,724$19,330$18,027$16,810$13,207
8 years$19,243$17,765$16,393$15,122$13,946$10,531
9 years$16,931$15,467$14,120$12,881$11,744$8,513
10 years$15,083$13,634$12,310$11,103$10,007$6,956
11 years$13,572$12,137$10,837$9,663$8,606$5,730
12 years$12,314$10,894$9,618$8,476$7,458$4,752
13 years$11,250$9,845$8,593$7,483$6,503$3,961
14 years$10,339$8,949$7,721$6,643$5,701$3,316
15 years$9,550$8,175$6,971$5,924$5,020$2,785
16 years$8,861$7,500$6,320$5,304$4,436$2,347
17 years$8,253$6,907$5,751$4,766$3,934$1,982
18 years$7,713$6,383$5,250$4,295$3,497$1,677
19 years$7,231$5,915$4,806$3,881$3,117$1,421
20 years$6,797$5,497$4,411$3,515$2,785$1,206
21 years$6,406$5,120$4,057$3,190$2,492$1,025
22 years$6,050$4,779$3,739$2,900$2,234$872
23 years$5,726$4,470$3,452$2,642$2,005$742
24 years$5,429$4,188$3,193$2,409$1,802$632
25 years$5,156$3,930$2,957$2,200$1,622$539
26 years$4,905$3,694$2,743$2,012$1,461$460
27 years$4,673$3,476$2,547$1,841$1,317$392
28 years$4,458$3,276$2,368$1,687$1,188$335
29 years$4,258$3,090$2,203$1,547$1,073$286
30 years$4,071$2,919$2,052$1,420$970$244
31 years$3,897$2,759$1,913$1,304$877$209
32 years$3,734$2,611$1,785$1,198$793$178
33 years$3,582$2,472$1,667$1,102$718$152
34 years$3,438$2,343$1,557$1,014$650$130
35 years$3,304$2,222$1,456$933$588$111
36 years$3,176$2,109$1,362$860$533$95
37 years$3,057$2,003$1,275$792$483$81
38 years$2,943$1,904$1,194$730$438$70
39 years$2,836$1,811$1,119$673$397$59
40 years$2,734$1,723$1,048$621$360$51
41 years$2,638$1,640$983$573$327$44
42 years$2,546$1,562$922$529$297$37
43 years$2,459$1,488$865$488$269$32
44 years$2,376$1,418$812$451$244$27
45 years$2,297$1,352$763$416$222$23
46 years$2,222$1,290$716$384$201$20
47 years$2,150$1,231$673$355$183$17
48 years$2,081$1,175$632$328$166$15
49 years$2,016$1,122$594$303$151$12
50 years$1,953$1,072$559$280$137$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,000,000, adding $6,010 every year, while hoping to spend $33,016 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 59/27/14 Blend
69$2,000,000$2,000,000$2,000,000$2,000,000
70$2,210,199$2,104,199$2,073,199$2,332,487
71$2,400,511$2,172,176$2,107,523$2,483,671
72$2,609,128$2,242,378$2,141,889$2,644,251
73$2,837,882$2,314,877$2,176,266$2,818,580
74$3,088,792$2,389,752$2,210,617$3,007,985
75$3,364,080$2,467,082$2,244,904$3,213,930
76$3,666,195$2,546,947$2,279,087$3,438,023
77$3,997,833$2,629,434$2,313,123$3,682,036
78$4,361,966$2,714,630$2,346,966$3,947,919
79$4,761,865$2,802,626$2,380,568$4,237,818
80$5,201,136$2,893,515$2,413,878$4,554,096
81$5,683,750$2,987,395$2,446,841$4,899,355
82$6,214,081$3,084,367$2,479,399$5,276,460
83$6,796,950$3,184,533$2,511,491$5,688,565
84$7,437,666$3,288,002$2,543,053$6,139,143
85$8,142,079$3,394,885$2,574,016$6,632,020
86$8,916,634$3,505,297$2,604,309$7,171,408
87$9,768,431$3,619,358$2,633,854$7,761,948
88$10,705,294$3,737,189$2,662,571$8,408,748
89$11,735,843$3,858,920$2,690,375$9,117,437
90$12,869,573$3,984,682$2,717,177$9,894,215
91$14,116,949$4,114,611$2,742,883$10,745,909
92$15,489,500$4,248,849$2,767,392$11,680,041
93$16,999,929$4,387,542$2,790,599$12,704,897
94$18,662,233$4,530,842$2,812,395$13,829,605
95$20,491,833$4,678,906$2,832,662$15,064,219
96$22,505,723$4,831,895$2,851,279$16,419,817
97$24,722,627$4,989,978$2,868,117$17,908,602
98$27,163,176$5,153,329$2,883,041$19,544,017
99$29,850,106$5,322,128$2,895,908$21,340,875
100$32,808,465$5,496,560$2,906,570$23,315,494