Can I retire at age 70 with 2,010,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
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 $2,010,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$165,984$164,505$163,063$161,655$160,280$154,716
2 years$82,170$80,640$79,157$77,719$76,324$70,776
3 years$54,236$52,699$51,220$49,795$48,423$43,065
4 years$40,272$38,739$37,275$35,875$34,536$29,409
5 years$31,895$30,372$28,927$27,555$26,253$21,372
6 years$26,313$24,801$23,377$22,036$20,773$16,140
7 years$22,327$20,828$19,427$18,117$16,894$12,509
8 years$19,339$17,853$16,475$15,198$14,016$9,874
9 years$17,016$15,545$14,190$12,945$11,803$7,900
10 years$15,159$13,702$12,371$11,159$10,057$6,386
11 years$13,640$12,198$10,891$9,712$8,649$5,204
12 years$12,376$10,948$9,666$8,518$7,495$4,267
13 years$11,307$9,894$8,636$7,520$6,536$3,516
14 years$10,391$8,993$7,759$6,676$5,729$2,909
15 years$9,598$8,216$7,006$5,954$5,045$2,414
16 years$8,905$7,538$6,352$5,331$4,458$2,009
17 years$8,294$6,942$5,780$4,790$3,953$1,676
18 years$7,752$6,415$5,276$4,317$3,515$1,400
19 years$7,267$5,945$4,830$3,900$3,133$1,172
20 years$6,831$5,524$4,433$3,533$2,798$982
21 years$6,438$5,146$4,077$3,206$2,504$823
22 years$6,080$4,803$3,758$2,915$2,245$691
23 years$5,754$4,492$3,470$2,655$2,015$580
24 years$5,456$4,209$3,209$2,421$1,811$488
25 years$5,182$3,950$2,972$2,211$1,630$410
26 years$4,930$3,712$2,756$2,022$1,468$345
27 years$4,696$3,494$2,560$1,851$1,324$290
28 years$4,480$3,292$2,380$1,696$1,194$245
29 years$4,279$3,106$2,214$1,555$1,078$206
30 years$4,091$2,933$2,063$1,427$974$173
31 years$3,917$2,773$1,923$1,311$881$146
32 years$3,753$2,624$1,794$1,204$797$123
33 years$3,600$2,485$1,675$1,108$721$104
34 years$3,456$2,355$1,565$1,019$653$87
35 years$3,320$2,234$1,463$938$591$74
36 years$3,192$2,120$1,369$864$536$62
37 years$3,072$2,013$1,281$796$486$52
38 years$2,958$1,914$1,200$734$440$44
39 years$2,850$1,820$1,124$677$399$37
40 years$2,748$1,731$1,054$624$362$31
41 years$2,651$1,648$988$576$329$26
42 years$2,559$1,569$927$531$298$22
43 years$2,471$1,495$870$490$271$19
44 years$2,388$1,425$816$453$246$16
45 years$2,309$1,359$766$418$223$13
46 years$2,233$1,297$720$386$202$11
47 years$2,161$1,237$676$357$184$9
48 years$2,092$1,181$636$330$167$8
49 years$2,026$1,128$597$305$152$7
50 years$1,962$1,078$562$282$138$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,010,000, adding $4,372 every year, while hoping to spend $45,490 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: 75/8/17 Blend
69$2,010,000$2,010,000$2,010,000$2,010,000
70$2,219,530$2,113,000$2,081,845$2,377,146
71$2,397,521$2,168,136$2,103,186$2,537,188
72$2,592,142$2,224,449$2,123,717$2,706,507
73$2,805,042$2,281,948$2,143,363$2,890,882
74$3,038,036$2,340,643$2,162,045$3,091,799
75$3,293,122$2,400,541$2,179,680$3,310,896
76$3,572,501$2,461,648$2,196,179$3,549,978
77$3,878,596$2,523,968$2,211,451$3,811,032
78$4,214,076$2,587,506$2,225,398$4,096,247
79$4,581,881$2,652,263$2,237,918$4,408,035
80$4,985,248$2,718,239$2,248,903$4,749,053
81$5,427,742$2,785,432$2,258,241$5,122,228
82$5,913,293$2,853,839$2,265,813$5,530,785
83$6,446,225$2,923,453$2,271,493$5,978,278
84$7,031,304$2,994,267$2,275,153$6,468,622
85$7,673,779$3,066,268$2,276,652$7,006,130
86$8,379,433$3,139,444$2,275,849$7,595,556
87$9,154,636$3,213,777$2,272,591$8,242,136
88$10,006,406$3,289,249$2,266,719$8,951,641
89$10,942,473$3,365,836$2,258,068$9,730,430
90$11,971,354$3,443,511$2,246,462$10,585,509
91$13,102,433$3,522,244$2,231,720$11,524,600
92$14,346,047$3,601,999$2,213,648$12,556,209
93$15,713,585$3,682,739$2,192,047$13,689,711
94$17,217,596$3,764,418$2,166,705$14,935,438
95$18,871,904$3,846,988$2,137,403$16,304,773
96$20,691,742$3,930,395$2,103,911$17,810,261
97$22,693,894$4,014,578$2,065,985$19,465,725
98$24,896,850$4,099,471$2,023,375$21,286,400
99$27,320,985$4,185,002$1,975,815$23,289,073
100$29,988,749$4,271,090$1,923,028$25,492,243