Can I retire at age 70 with 2,060,000?

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 $2,060,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$170,113$168,598$167,119$165,676$164,267$159,842
2 years$84,214$82,646$81,126$79,652$78,223$73,796
3 years$55,585$54,010$52,494$51,034$49,628$45,338
4 years$41,273$39,703$38,202$36,767$35,395$31,275
5 years$32,689$31,128$29,646$28,241$26,907$22,969
6 years$26,967$25,418$23,959$22,584$21,290$17,537
7 years$22,882$21,346$19,910$18,568$17,315$13,747
8 years$19,820$18,298$16,885$15,576$14,364$10,980
9 years$17,439$15,931$14,543$13,267$12,097$8,893
10 years$15,536$14,043$12,679$11,437$10,307$7,280
11 years$13,980$12,501$11,162$9,953$8,864$6,008
12 years$12,684$11,221$9,906$8,730$7,682$4,992
13 years$11,588$10,140$8,851$7,708$6,699$4,170
14 years$10,649$9,217$7,952$6,842$5,872$3,498
15 years$9,837$8,420$7,180$6,102$5,170$2,945
16 years$9,127$7,725$6,510$5,463$4,569$2,486
17 years$8,501$7,115$5,924$4,909$4,052$2,104
18 years$7,945$6,574$5,407$4,424$3,602$1,784
19 years$7,448$6,093$4,950$3,997$3,211$1,516
20 years$7,001$5,662$4,543$3,620$2,868$1,290
21 years$6,598$5,274$4,179$3,286$2,567$1,098
22 years$6,231$4,923$3,851$2,987$2,301$936
23 years$5,897$4,604$3,556$2,721$2,065$799
24 years$5,592$4,314$3,289$2,481$1,856$682
25 years$5,311$4,048$3,046$2,266$1,670$583
26 years$5,052$3,805$2,825$2,072$1,505$499
27 years$4,813$3,581$2,623$1,897$1,356$426
28 years$4,591$3,374$2,439$1,738$1,224$365
29 years$4,385$3,183$2,269$1,594$1,105$312
30 years$4,193$3,006$2,114$1,462$999$267
31 years$4,014$2,842$1,971$1,343$903$229
32 years$3,846$2,689$1,839$1,234$817$196
33 years$3,689$2,546$1,717$1,135$739$168
34 years$3,542$2,413$1,604$1,044$669$144
35 years$3,403$2,289$1,500$961$606$123
36 years$3,272$2,173$1,403$885$549$106
37 years$3,148$2,064$1,313$816$498$91
38 years$3,032$1,961$1,230$752$451$78
39 years$2,921$1,865$1,152$693$409$67
40 years$2,816$1,774$1,080$640$371$57
41 years$2,717$1,689$1,013$590$337$49
42 years$2,623$1,608$950$545$306$42
43 years$2,533$1,533$891$503$277$36
44 years$2,448$1,461$837$464$252$31
45 years$2,366$1,393$786$429$228$26
46 years$2,289$1,329$738$396$207$23
47 years$2,215$1,268$693$366$188$19
48 years$2,144$1,211$651$338$171$17
49 years$2,076$1,156$612$312$155$14
50 years$2,011$1,104$576$289$141$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,060,000, adding $6,307 every year, while hoping to spend $25,759 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: 68/15/17 Blend
69$2,060,000$2,060,000$2,060,000$2,060,000
70$2,276,626$2,167,446$2,135,516$2,421,723
71$2,481,434$2,246,243$2,179,648$2,598,146
72$2,706,270$2,328,038$2,224,396$2,787,432
73$2,953,148$2,412,951$2,269,752$2,993,836
74$3,224,289$2,501,106$2,315,708$3,219,039
75$3,522,139$2,592,633$2,362,257$3,464,895
76$3,849,393$2,687,667$2,409,388$3,733,440
77$4,209,018$2,786,350$2,457,090$4,026,921
78$4,604,285$2,888,828$2,505,350$4,347,808
79$5,038,797$2,995,255$2,554,154$4,698,823
80$5,516,522$3,105,791$2,603,486$5,082,963
81$6,041,835$3,220,602$2,653,329$5,503,527
82$6,619,551$3,339,861$2,703,666$5,964,151
83$7,254,981$3,463,749$2,754,474$6,468,837
84$7,953,971$3,592,455$2,805,731$7,021,994
85$8,722,967$3,726,176$2,857,414$7,628,476
86$9,569,068$3,865,117$2,909,495$8,293,633
87$10,500,096$4,009,491$2,961,946$9,023,354
88$11,524,671$4,159,521$3,014,737$9,824,128
89$12,652,289$4,315,440$3,067,833$10,703,104
90$13,893,417$4,477,490$3,121,199$11,668,154
91$15,259,582$4,645,924$3,174,796$12,727,952
92$16,763,492$4,821,007$3,228,584$13,892,053
93$18,419,144$5,003,012$3,282,517$15,170,984
94$20,241,965$5,192,228$3,336,550$16,576,340
95$22,248,951$5,388,953$3,390,631$18,120,897
96$24,458,833$5,593,501$3,444,706$19,818,730
97$26,892,249$5,806,197$3,498,717$21,685,346
98$29,571,939$6,027,381$3,552,605$23,737,829
99$32,522,962$6,257,409$3,606,303$25,995,002
100$35,772,933$6,496,650$3,659,743$28,477,603