Can I retire at age 70 with 2,050,000?

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 $2,050,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$169,287$167,779$166,308$164,872$163,470$162,713
2 years$83,805$82,245$80,732$79,265$77,843$77,078
3 years$55,315$53,748$52,239$50,786$49,387$48,639
4 years$41,073$39,510$38,017$36,589$35,223$34,497
5 years$32,530$30,977$29,502$28,104$26,776$26,075
6 years$26,836$25,295$23,842$22,475$21,187$20,511
7 years$22,771$21,242$19,813$18,478$17,231$16,581
8 years$19,724$18,209$16,803$15,500$14,294$13,670
9 years$17,355$15,854$14,472$13,203$12,038$11,439
10 years$15,460$13,974$12,617$11,381$10,257$9,684
11 years$13,912$12,441$11,108$9,905$8,821$8,273
12 years$12,622$11,166$9,858$8,688$7,644$7,121
13 years$11,532$10,091$8,808$7,670$6,666$6,166
14 years$10,598$9,172$7,914$6,809$5,843$5,367
15 years$9,789$8,379$7,145$6,072$5,145$4,692
16 years$9,082$7,688$6,478$5,437$4,547$4,116
17 years$8,459$7,080$5,895$4,885$4,032$3,622
18 years$7,906$6,542$5,381$4,402$3,585$3,196
19 years$7,412$6,063$4,926$3,978$3,195$2,827
20 years$6,967$5,634$4,521$3,603$2,854$2,505
21 years$6,566$5,248$4,158$3,270$2,554$2,224
22 years$6,201$4,899$3,833$2,973$2,289$1,978
23 years$5,869$4,582$3,539$2,708$2,055$1,761
24 years$5,565$4,293$3,273$2,469$1,847$1,570
25 years$5,285$4,029$3,031$2,255$1,662$1,401
26 years$5,028$3,786$2,811$2,062$1,497$1,251
27 years$4,790$3,563$2,611$1,887$1,350$1,118
28 years$4,569$3,358$2,427$1,729$1,218$1,000
29 years$4,364$3,168$2,258$1,586$1,100$895
30 years$4,173$2,992$2,104$1,455$994$802
31 years$3,995$2,828$1,961$1,337$898$719
32 years$3,828$2,676$1,830$1,228$813$644
33 years$3,671$2,534$1,708$1,130$736$578
34 years$3,524$2,402$1,596$1,039$666$519
35 years$3,386$2,278$1,492$957$603$465
36 years$3,256$2,162$1,396$881$546$418
37 years$3,133$2,054$1,307$812$495$375
38 years$3,017$1,952$1,224$748$449$337
39 years$2,907$1,856$1,146$690$407$303
40 years$2,803$1,766$1,075$636$369$272
41 years$2,704$1,681$1,008$587$335$245
42 years$2,610$1,601$945$542$304$220
43 years$2,521$1,525$887$500$276$198
44 years$2,436$1,454$833$462$250$178
45 years$2,355$1,386$782$427$227$160
46 years$2,277$1,322$734$394$206$144
47 years$2,204$1,262$690$364$187$129
48 years$2,133$1,205$648$336$170$116
49 years$2,066$1,150$609$311$155$105
50 years$2,002$1,099$573$287$140$94

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,050,000, adding $4,583 every year, while hoping to spend $43,523 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: 62/15/23 Blend
69$2,050,000$2,050,000$2,050,000$2,050,000
70$2,263,827$2,155,177$2,123,402$2,390,228
71$2,448,430$2,214,473$2,148,228$2,535,583
72$2,650,403$2,275,215$2,172,427$2,689,003
73$2,871,472$2,337,429$2,195,932$2,855,541
74$3,113,539$2,401,140$2,218,672$3,036,482
75$3,378,695$2,466,371$2,240,573$3,233,243
76$3,669,246$2,533,147$2,261,556$3,447,384
77$3,987,730$2,601,492$2,281,539$3,680,622
78$4,336,942$2,671,429$2,300,434$3,934,851
79$4,719,962$2,742,981$2,318,150$4,212,157
80$5,140,180$2,816,169$2,334,590$4,514,837
81$5,601,331$2,891,014$2,349,652$4,845,423
82$6,107,532$2,967,538$2,363,230$5,206,703
83$6,663,312$3,045,760$2,375,211$5,601,752
84$7,273,666$3,125,699$2,385,477$6,033,954
85$7,944,094$3,207,371$2,393,903$6,507,042
86$8,680,652$3,290,793$2,400,360$7,025,126
87$9,490,017$3,375,981$2,404,711$7,592,737
88$10,379,542$3,462,946$2,406,811$8,214,866
89$11,357,326$3,551,702$2,406,510$8,897,016
90$12,432,295$3,642,257$2,403,650$9,645,246
91$13,614,282$3,734,620$2,398,065$10,466,238
92$14,914,118$3,828,796$2,389,580$11,367,352
93$16,343,740$3,924,789$2,378,013$12,356,702
94$17,916,298$4,022,600$2,363,173$13,443,225
95$19,646,280$4,122,227$2,344,858$14,636,773
96$21,549,649$4,223,665$2,322,860$15,948,204
97$23,643,994$4,326,905$2,296,957$17,389,480
98$25,948,696$4,431,938$2,266,919$18,973,787
99$28,485,107$4,538,747$2,232,505$20,715,654
100$31,276,755$4,647,313$2,193,461$22,631,094