Can I retire at age 70 with 2,070,000?

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 $2,070,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$170,939$169,416$167,930$166,481$165,065$159,208
2 years$84,623$83,047$81,520$80,039$78,602$72,764
3 years$55,855$54,272$52,749$51,282$49,868$44,233
4 years$41,474$39,896$38,387$36,945$35,567$30,176
5 years$32,847$31,279$29,790$28,378$27,037$21,906
6 years$27,098$25,541$24,075$22,694$21,394$16,525
7 years$22,993$21,450$20,006$18,658$17,399$12,792
8 years$19,916$18,386$16,967$15,652$14,434$10,086
9 years$17,524$16,009$14,614$13,332$12,155$8,060
10 years$15,611$14,111$12,741$11,492$10,357$6,507
11 years$14,047$12,562$11,217$10,002$8,907$5,295
12 years$12,745$11,275$9,954$8,773$7,719$4,336
13 years$11,644$10,189$8,894$7,745$6,731$3,568
14 years$10,701$9,262$7,991$6,875$5,900$2,948
15 years$9,885$8,461$7,215$6,131$5,195$2,443
16 years$9,171$7,763$6,541$5,490$4,592$2,030
17 years$8,542$7,149$5,952$4,933$4,071$1,691
18 years$7,983$6,606$5,434$4,445$3,620$1,411
19 years$7,484$6,122$4,974$4,017$3,226$1,179
20 years$7,035$5,689$4,565$3,638$2,882$986
21 years$6,630$5,299$4,199$3,302$2,579$826
22 years$6,262$4,947$3,870$3,002$2,312$692
23 years$5,926$4,627$3,573$2,734$2,075$580
24 years$5,619$4,335$3,305$2,494$1,865$487
25 years$5,337$4,068$3,061$2,277$1,678$409
26 years$5,077$3,823$2,839$2,082$1,512$343
27 years$4,836$3,598$2,636$1,906$1,363$289
28 years$4,614$3,391$2,451$1,746$1,230$243
29 years$4,407$3,199$2,280$1,601$1,111$204
30 years$4,214$3,021$2,124$1,470$1,003$171
31 years$4,034$2,856$1,980$1,350$907$144
32 years$3,865$2,702$1,848$1,240$821$121
33 years$3,707$2,559$1,725$1,141$743$102
34 years$3,559$2,425$1,612$1,050$672$86
35 years$3,419$2,300$1,507$966$609$72
36 years$3,288$2,183$1,410$890$552$61
37 years$3,164$2,074$1,320$820$500$51
38 years$3,046$1,971$1,236$756$453$43
39 years$2,935$1,874$1,158$697$411$36
40 years$2,830$1,783$1,085$643$373$30
41 years$2,730$1,697$1,017$593$338$26
42 years$2,635$1,616$954$547$307$22
43 years$2,545$1,540$896$505$279$18
44 years$2,459$1,468$841$466$253$15
45 years$2,378$1,400$789$431$230$13
46 years$2,300$1,335$741$398$208$11
47 years$2,225$1,274$697$368$189$9
48 years$2,154$1,217$655$340$172$8
49 years$2,086$1,162$615$314$156$6
50 years$2,021$1,110$578$290$142$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,070,000, adding $6,557 every year, while hoping to spend $48,874 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: 65/27/8 Blend
69$2,070,000$2,070,000$2,070,000$2,070,000
70$2,287,904$2,178,194$2,146,109$2,432,639
71$2,469,268$2,232,923$2,166,002$2,584,528
72$2,667,494$2,288,697$2,184,923$2,744,013
73$2,884,249$2,345,514$2,202,789$2,916,983
74$3,121,370$2,403,372$2,219,510$3,104,746
75$3,380,880$2,462,267$2,234,994$3,308,741
76$3,665,006$2,522,194$2,249,142$3,530,556
77$3,976,199$2,583,145$2,261,851$3,771,935
78$4,317,161$2,645,109$2,273,013$4,034,801
79$4,690,866$2,708,073$2,282,513$4,321,272
80$5,100,590$2,772,024$2,290,233$4,633,681
81$5,549,940$2,836,943$2,296,045$4,974,596
82$6,042,890$2,902,810$2,299,819$5,346,847
83$6,583,817$2,969,599$2,301,415$5,753,551
84$7,177,542$3,037,285$2,300,688$6,198,142
85$7,829,375$3,105,836$2,297,485$6,684,403
86$8,545,166$3,175,218$2,291,646$7,216,500
87$9,331,360$3,245,390$2,283,003$7,799,026
88$10,195,056$3,316,311$2,271,380$8,437,038
89$11,144,072$3,387,931$2,256,593$9,136,109
90$12,187,026$3,460,198$2,238,447$9,902,380
91$13,333,409$3,533,054$2,216,741$10,742,617
92$14,593,676$3,606,433$2,191,261$11,664,273
93$15,979,349$3,680,267$2,161,786$12,675,564
94$17,503,120$3,754,477$2,128,084$13,785,540
95$19,178,973$3,828,980$2,089,909$15,004,173
96$21,022,314$3,903,687$2,047,007$16,342,454
97$23,050,119$3,978,497$1,999,111$17,812,492
98$25,281,092$4,053,304$1,945,942$19,427,630
99$27,735,840$4,127,992$1,887,207$21,202,575
100$30,437,068$4,202,436$1,822,601$23,153,529