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%13%
1 years$165,984$164,505$163,063$161,655$160,280$158,277
2 years$82,170$80,640$79,157$77,719$76,324$74,309
3 years$54,236$52,699$51,220$49,795$48,423$46,458
4 years$40,272$38,739$37,275$35,875$34,536$32,636
5 years$31,895$30,372$28,927$27,555$26,253$24,424
6 years$26,313$24,801$23,377$22,036$20,773$19,018
7 years$22,327$20,828$19,427$18,117$16,894$15,212
8 years$19,339$17,853$16,475$15,198$14,016$12,407
9 years$17,016$15,545$14,190$12,945$11,803$10,267
10 years$15,159$13,702$12,371$11,159$10,057$8,593
11 years$13,640$12,198$10,891$9,712$8,649$7,256
12 years$12,376$10,948$9,666$8,518$7,495$6,171
13 years$11,307$9,894$8,636$7,520$6,536$5,279
14 years$10,391$8,993$7,759$6,676$5,729$4,537
15 years$9,598$8,216$7,006$5,954$5,045$3,916
16 years$8,905$7,538$6,352$5,331$4,458$3,391
17 years$8,294$6,942$5,780$4,790$3,953$2,945
18 years$7,752$6,415$5,276$4,317$3,515$2,564
19 years$7,267$5,945$4,830$3,900$3,133$2,237
20 years$6,831$5,524$4,433$3,533$2,798$1,955
21 years$6,438$5,146$4,077$3,206$2,504$1,712
22 years$6,080$4,803$3,758$2,915$2,245$1,500
23 years$5,754$4,492$3,470$2,655$2,015$1,317
24 years$5,456$4,209$3,209$2,421$1,811$1,157
25 years$5,182$3,950$2,972$2,211$1,630$1,017
26 years$4,930$3,712$2,756$2,022$1,468$895
27 years$4,696$3,494$2,560$1,851$1,324$788
28 years$4,480$3,292$2,380$1,696$1,194$694
29 years$4,279$3,106$2,214$1,555$1,078$612
30 years$4,091$2,933$2,063$1,427$974$540
31 years$3,917$2,773$1,923$1,311$881$476
32 years$3,753$2,624$1,794$1,204$797$420
33 years$3,600$2,485$1,675$1,108$721$371
34 years$3,456$2,355$1,565$1,019$653$328
35 years$3,320$2,234$1,463$938$591$290
36 years$3,192$2,120$1,369$864$536$256
37 years$3,072$2,013$1,281$796$486$226
38 years$2,958$1,914$1,200$734$440$200
39 years$2,850$1,820$1,124$677$399$177
40 years$2,748$1,731$1,054$624$362$156
41 years$2,651$1,648$988$576$329$138
42 years$2,559$1,569$927$531$298$122
43 years$2,471$1,495$870$490$271$108
44 years$2,388$1,425$816$453$246$95
45 years$2,309$1,359$766$418$223$84
46 years$2,233$1,297$720$386$202$75
47 years$2,161$1,237$676$357$184$66
48 years$2,092$1,181$636$330$167$58
49 years$2,026$1,128$597$305$152$52
50 years$1,962$1,078$562$282$138$46

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 $6,799 every year, while hoping to spend $21,666 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: 79/7/14 Blend
69$2,010,000$2,010,000$2,010,000$2,010,000
70$2,222,033$2,115,503$2,084,348$2,390,761
71$2,425,628$2,196,110$2,131,121$2,583,360
72$2,649,264$2,279,941$2,178,735$2,791,162
73$2,894,961$2,367,131$2,227,195$3,018,542
74$3,164,947$2,457,820$2,276,506$3,267,449
75$3,461,674$2,552,156$2,326,672$3,540,030
76$3,787,845$2,650,292$2,377,696$3,838,650
77$4,146,438$2,752,389$2,429,582$4,165,913
78$4,540,733$2,858,614$2,482,331$4,524,688
79$4,974,344$2,969,142$2,535,945$4,918,135
80$5,451,252$3,084,156$2,590,424$5,349,732
81$5,975,845$3,203,844$2,645,769$5,823,314
82$6,552,956$3,328,408$2,701,977$6,343,103
83$7,187,912$3,458,054$2,759,047$6,913,750
84$7,886,579$3,592,998$2,816,975$7,540,380
85$8,655,423$3,733,469$2,875,757$8,228,637
86$9,501,569$3,879,701$2,935,387$8,984,739
87$10,432,865$4,031,943$2,995,859$9,815,539
88$11,457,961$4,190,451$3,057,164$10,728,582
89$12,586,386$4,355,496$3,119,292$11,732,184
90$13,828,641$4,527,360$3,182,232$12,835,506
91$15,196,298$4,706,336$3,245,972$14,048,641
92$16,702,105$4,892,731$3,310,497$15,382,709
93$18,360,112$5,086,867$3,375,791$16,849,963
94$20,185,799$5,289,079$3,441,835$18,463,902
95$22,196,224$5,499,717$3,508,610$20,239,398
96$24,410,183$5,719,148$3,576,094$22,192,839
97$26,848,390$5,947,755$3,644,261$24,342,283
98$29,533,668$6,185,936$3,713,086$26,707,624
99$32,491,166$6,434,112$3,782,538$29,310,784
100$35,748,599$6,692,717$3,852,587$32,175,918