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%19%
1 years$167,636$166,142$164,685$163,264$161,875$156,007
2 years$82,988$81,442$79,944$78,492$77,083$71,236
3 years$54,776$53,223$51,729$50,291$48,905$43,262
4 years$40,672$39,125$37,646$36,232$34,879$29,484
5 years$32,213$30,674$29,215$27,829$26,515$21,381
6 years$26,575$25,048$23,610$22,255$20,980$16,112
7 years$22,549$21,035$19,620$18,297$17,063$12,458
8 years$19,531$18,031$16,639$15,349$14,155$9,811
9 years$17,185$15,699$14,331$13,074$11,921$7,830
10 years$15,310$13,838$12,494$11,270$10,157$6,314
11 years$13,776$12,319$11,000$9,808$8,735$5,131
12 years$12,499$11,057$9,762$8,603$7,570$4,196
13 years$11,419$9,992$8,722$7,595$6,601$3,448
14 years$10,494$9,083$7,837$6,742$5,786$2,845
15 years$9,694$8,297$7,075$6,013$5,095$2,354
16 years$8,994$7,613$6,415$5,384$4,503$1,954
17 years$8,377$7,011$5,837$4,837$3,993$1,625
18 years$7,829$6,478$5,329$4,359$3,550$1,353
19 years$7,339$6,004$4,878$3,939$3,164$1,129
20 years$6,899$5,579$4,477$3,568$2,826$943
21 years$6,502$5,197$4,118$3,238$2,529$789
22 years$6,141$4,851$3,795$2,944$2,267$660
23 years$5,812$4,537$3,504$2,681$2,035$553
24 years$5,510$4,251$3,241$2,445$1,829$463
25 years$5,234$3,989$3,002$2,233$1,646$388
26 years$4,979$3,749$2,784$2,042$1,483$325
27 years$4,743$3,529$2,585$1,869$1,337$273
28 years$4,524$3,325$2,403$1,712$1,206$229
29 years$4,321$3,137$2,236$1,570$1,089$192
30 years$4,132$2,962$2,083$1,441$984$161
31 years$3,956$2,800$1,942$1,324$890$135
32 years$3,790$2,650$1,812$1,216$805$114
33 years$3,635$2,509$1,692$1,119$728$96
34 years$3,490$2,378$1,581$1,029$659$80
35 years$3,353$2,256$1,478$947$597$67
36 years$3,224$2,141$1,383$873$541$57
37 years$3,102$2,034$1,294$804$490$48
38 years$2,987$1,933$1,212$741$445$40
39 years$2,878$1,838$1,135$683$403$34
40 years$2,775$1,748$1,064$630$366$28
41 years$2,677$1,664$998$581$332$24
42 years$2,584$1,585$936$537$301$20
43 years$2,496$1,510$878$495$273$17
44 years$2,412$1,440$824$457$248$14
45 years$2,332$1,373$774$422$225$12
46 years$2,255$1,310$727$390$204$10
47 years$2,182$1,250$683$360$186$8
48 years$2,113$1,193$642$333$169$7
49 years$2,046$1,139$603$308$153$6
50 years$1,982$1,088$567$285$139$5

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 $3,216 every year, while hoping to spend $50,882 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: 58/36/6 Blend
69$2,030,000$2,030,000$2,030,000$2,030,000
70$2,240,377$2,132,787$2,101,322$2,367,427
71$2,414,758$2,183,156$2,117,579$2,503,441
72$2,605,220$2,234,287$2,132,674$2,645,556
73$2,813,350$2,286,165$2,146,516$2,799,173
74$3,040,894$2,338,770$2,159,007$2,965,394
75$3,289,777$2,392,081$2,170,046$3,145,434
76$3,562,115$2,446,074$2,179,523$3,340,631
77$3,860,240$2,500,721$2,187,326$3,552,459
78$4,186,720$2,555,991$2,193,337$3,782,538
79$4,544,382$2,611,851$2,197,430$4,032,657
80$4,936,340$2,668,263$2,199,475$4,304,783
81$5,366,023$2,725,184$2,199,334$4,601,084
82$5,837,208$2,782,569$2,196,863$4,923,948
83$6,354,056$2,840,368$2,191,910$5,276,005
84$6,921,147$2,898,524$2,184,317$5,660,154
85$7,543,530$2,956,977$2,173,918$6,079,587
86$8,226,763$3,015,662$2,160,537$6,537,822
87$8,976,971$3,074,508$2,143,993$7,038,735
88$9,800,899$3,133,435$2,124,093$7,586,597
89$10,705,978$3,192,361$2,100,638$8,186,113
90$11,700,395$3,251,194$2,073,416$8,842,469
91$12,793,168$3,309,835$2,042,209$9,561,378
92$13,994,233$3,368,179$2,006,785$10,349,137
93$15,314,536$3,426,111$1,966,903$11,212,684
94$16,766,136$3,483,507$1,922,311$12,159,665
95$18,362,319$3,540,236$1,872,746$13,198,505
96$20,117,722$3,596,155$1,817,930$14,338,489
97$22,048,474$3,651,111$1,757,575$15,589,851
98$24,172,343$3,704,940$1,691,378$16,963,868
99$26,508,907$3,757,466$1,619,024$18,472,966
100$29,079,736$3,808,503$1,540,182$20,130,842