Can I retire at age 70 with 2,080,000?

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 $2,080,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$171,764$170,234$168,742$167,285$165,862$160,105
2 years$85,032$83,448$81,913$80,425$78,982$73,241
3 years$56,125$54,534$53,003$51,529$50,109$44,565
4 years$41,674$40,089$38,573$37,124$35,738$30,433
5 years$33,006$31,430$29,934$28,515$27,168$22,116
6 years$27,229$25,665$24,191$22,803$21,497$16,702
7 years$23,104$21,553$20,103$18,748$17,483$12,944
8 years$20,012$18,475$17,049$15,727$14,504$10,218
9 years$17,609$16,086$14,684$13,396$12,214$8,175
10 years$15,687$14,179$12,802$11,548$10,407$6,609
11 years$14,115$12,623$11,271$10,050$8,950$5,385
12 years$12,807$11,329$10,003$8,815$7,756$4,415
13 years$11,700$10,239$8,937$7,782$6,764$3,638
14 years$10,753$9,307$8,030$6,908$5,929$3,010
15 years$9,932$8,502$7,250$6,161$5,220$2,498
16 years$9,215$7,800$6,573$5,517$4,614$2,079
17 years$8,583$7,184$5,981$4,957$4,091$1,734
18 years$8,022$6,638$5,460$4,467$3,637$1,449
19 years$7,520$6,152$4,998$4,036$3,242$1,212
20 years$7,069$5,717$4,587$3,656$2,896$1,016
21 years$6,662$5,325$4,219$3,318$2,591$852
22 years$6,292$4,971$3,889$3,016$2,323$715
23 years$5,955$4,649$3,591$2,747$2,085$601
24 years$5,646$4,356$3,321$2,506$1,874$505
25 years$5,363$4,088$3,076$2,288$1,686$425
26 years$5,101$3,842$2,852$2,092$1,519$357
27 years$4,860$3,616$2,649$1,915$1,370$301
28 years$4,636$3,407$2,462$1,755$1,236$253
29 years$4,428$3,214$2,291$1,609$1,116$213
30 years$4,234$3,035$2,134$1,477$1,008$179
31 years$4,053$2,869$1,990$1,356$912$151
32 years$3,884$2,715$1,857$1,246$825$127
33 years$3,725$2,571$1,733$1,146$746$107
34 years$3,576$2,437$1,620$1,055$676$90
35 years$3,436$2,311$1,514$971$612$76
36 years$3,304$2,194$1,417$894$554$64
37 years$3,179$2,084$1,326$824$503$54
38 years$3,061$1,980$1,242$759$456$46
39 years$2,949$1,883$1,163$700$413$38
40 years$2,844$1,791$1,090$646$375$32
41 years$2,743$1,705$1,022$596$340$27
42 years$2,648$1,624$959$550$309$23
43 years$2,558$1,547$900$508$280$19
44 years$2,471$1,475$845$469$254$16
45 years$2,389$1,407$793$433$231$14
46 years$2,311$1,342$745$400$209$12
47 years$2,236$1,280$700$369$190$10
48 years$2,165$1,222$658$341$173$8
49 years$2,096$1,167$618$315$157$7
50 years$2,031$1,115$581$292$143$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,080,000, adding $3,928 every year, while hoping to spend $53,101 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: 23/48/29 Blend
69$2,080,000$2,080,000$2,080,000$2,080,000
70$2,296,212$2,185,972$2,153,732$2,327,954
71$2,473,926$2,236,585$2,169,383$2,406,607
72$2,667,988$2,287,899$2,183,778$2,486,046
73$2,880,008$2,339,892$2,196,820$2,569,977
74$3,111,761$2,392,538$2,208,406$2,658,806
75$3,365,199$2,445,811$2,218,426$2,752,980
76$3,642,473$2,499,680$2,226,767$2,852,996
77$3,945,951$2,554,110$2,233,309$2,959,401
78$4,278,240$2,609,063$2,237,927$3,072,798
79$4,642,211$2,664,497$2,240,488$3,193,856
80$5,041,026$2,720,368$2,240,854$3,323,310
81$5,478,168$2,776,622$2,238,879$3,461,975
82$5,957,471$2,833,207$2,234,412$3,610,749
83$6,483,160$2,890,061$2,227,292$3,770,625
84$7,059,887$2,947,119$2,217,350$3,942,699
85$7,692,776$3,004,309$2,204,413$4,128,181
86$8,387,473$3,061,553$2,188,294$4,328,408
87$9,150,195$3,118,769$2,168,802$4,544,855
88$9,987,792$3,175,866$2,145,734$4,779,153
89$10,907,808$3,232,744$2,118,877$5,033,102
90$11,918,555$3,289,300$2,088,010$5,308,688
91$13,029,191$3,345,418$2,052,902$5,608,105
92$14,249,801$3,400,977$2,013,307$5,933,777
93$15,591,501$3,455,845$1,968,973$6,288,377
94$17,066,533$3,509,881$1,919,632$6,674,858
95$18,688,386$3,562,932$1,865,007$7,096,479
96$20,471,922$3,614,836$1,804,805$7,556,838
97$22,433,515$3,665,419$1,738,722$8,059,906
98$24,591,203$3,714,494$1,666,440$8,610,066
99$26,964,864$3,761,863$1,587,624$9,212,156
100$29,576,397$3,807,311$1,501,926$9,871,515