Can I retire at age 70 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$167,636$166,142$164,685$163,264$161,875$157,451
2 years$82,988$81,442$79,944$78,492$77,083$72,659
3 years$54,776$53,223$51,729$50,291$48,905$44,618
4 years$40,672$39,125$37,646$36,232$34,879$30,763
5 years$32,213$30,674$29,215$27,829$26,515$22,580
6 years$26,575$25,048$23,610$22,255$20,980$17,231
7 years$22,549$21,035$19,620$18,297$17,063$13,500
8 years$19,531$18,031$16,639$15,349$14,155$10,776
9 years$17,185$15,699$14,331$13,074$11,921$8,722
10 years$15,310$13,838$12,494$11,270$10,157$7,136
11 years$13,776$12,319$11,000$9,808$8,735$5,886
12 years$12,499$11,057$9,762$8,603$7,570$4,887
13 years$11,419$9,992$8,722$7,595$6,601$4,079
14 years$10,494$9,083$7,837$6,742$5,786$3,420
15 years$9,694$8,297$7,075$6,013$5,095$2,877
16 years$8,994$7,613$6,415$5,384$4,503$2,427
17 years$8,377$7,011$5,837$4,837$3,993$2,053
18 years$7,829$6,478$5,329$4,359$3,550$1,739
19 years$7,339$6,004$4,878$3,939$3,164$1,477
20 years$6,899$5,579$4,477$3,568$2,826$1,255
21 years$6,502$5,197$4,118$3,238$2,529$1,068
22 years$6,141$4,851$3,795$2,944$2,267$910
23 years$5,812$4,537$3,504$2,681$2,035$776
24 years$5,510$4,251$3,241$2,445$1,829$662
25 years$5,234$3,989$3,002$2,233$1,646$565
26 years$4,979$3,749$2,784$2,042$1,483$483
27 years$4,743$3,529$2,585$1,869$1,337$413
28 years$4,524$3,325$2,403$1,712$1,206$353
29 years$4,321$3,137$2,236$1,570$1,089$302
30 years$4,132$2,962$2,083$1,441$984$258
31 years$3,956$2,800$1,942$1,324$890$221
32 years$3,790$2,650$1,812$1,216$805$189
33 years$3,635$2,509$1,692$1,119$728$162
34 years$3,490$2,378$1,581$1,029$659$139
35 years$3,353$2,256$1,478$947$597$119
36 years$3,224$2,141$1,383$873$541$102
37 years$3,102$2,034$1,294$804$490$87
38 years$2,987$1,933$1,212$741$445$75
39 years$2,878$1,838$1,135$683$403$64
40 years$2,775$1,748$1,064$630$366$55
41 years$2,677$1,664$998$581$332$47
42 years$2,584$1,585$936$537$301$40
43 years$2,496$1,510$878$495$273$34
44 years$2,412$1,440$824$457$248$29
45 years$2,332$1,373$774$422$225$25
46 years$2,255$1,310$727$390$204$22
47 years$2,182$1,250$683$360$186$19
48 years$2,113$1,193$642$333$169$16
49 years$2,046$1,139$603$308$153$14
50 years$1,982$1,088$567$285$139$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,030,000, adding $5,148 every year, while hoping to spend $57,148 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: 63/13/24 Blend
69$2,030,000$2,030,000$2,030,000$2,030,000
70$2,242,370$2,134,780$2,103,315$2,369,196
71$2,410,287$2,178,579$2,112,971$2,499,344
72$2,593,416$2,222,609$2,121,035$2,634,638
73$2,793,248$2,266,821$2,127,394$2,781,135
74$3,011,425$2,311,161$2,131,928$2,939,939
75$3,249,755$2,355,572$2,134,511$3,112,264
76$3,510,225$2,399,991$2,135,013$3,299,450
77$3,795,027$2,444,349$2,133,295$3,502,976
78$4,106,572$2,488,574$2,129,212$3,724,468
79$4,447,514$2,532,586$2,122,612$3,965,723
80$4,820,778$2,576,300$2,113,337$4,228,719
81$5,229,582$2,619,624$2,101,219$4,515,637
82$5,677,473$2,662,459$2,086,083$4,828,882
83$6,168,355$2,704,699$2,067,747$5,171,106
84$6,706,527$2,746,230$2,046,017$5,545,230
85$7,296,727$2,786,929$2,020,692$5,954,476
86$7,944,170$2,826,666$1,991,562$6,402,396
87$8,654,603$2,865,299$1,958,407$6,892,906
88$9,434,353$2,902,680$1,920,995$7,430,321
89$10,290,393$2,938,648$1,879,084$8,019,400
90$11,230,402$2,973,030$1,832,422$8,665,388
91$12,262,840$3,005,645$1,780,744$9,374,069
92$13,397,024$3,036,296$1,723,774$10,151,817
93$14,643,221$3,064,775$1,661,221$11,005,659
94$16,012,741$3,090,861$1,592,783$11,943,342
95$17,518,043$3,114,315$1,518,144$12,973,406
96$19,172,854$3,134,888$1,436,973$14,105,264
97$20,992,297$3,152,309$1,348,923$15,349,293
98$22,993,033$3,166,294$1,253,634$16,716,934
99$25,193,419$3,176,539$1,150,728$18,220,794
100$27,613,681$3,182,722$1,039,809$19,874,775