Can I retire at age 70 with 2,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$173,416$171,871$170,364$168,893$167,457$164,615
2 years$85,850$84,251$82,701$81,199$79,741$76,887
3 years$56,665$55,059$53,513$52,025$50,591$47,813
4 years$42,075$40,474$38,944$37,481$36,082$33,402
5 years$33,323$31,732$30,222$28,789$27,429$24,854
6 years$27,491$25,912$24,424$23,023$21,704$19,237
7 years$23,327$21,761$20,296$18,928$17,651$15,294
8 years$20,205$18,653$17,213$15,878$14,643$12,394
9 years$17,778$16,241$14,825$13,525$12,332$10,190
10 years$15,837$14,315$12,925$11,659$10,507$8,471
11 years$14,251$12,744$11,379$10,146$9,037$7,104
12 years$12,930$11,438$10,099$8,900$7,831$5,999
13 years$11,813$10,337$9,023$7,857$6,829$5,095
14 years$10,856$9,396$8,107$6,975$5,986$4,348
15 years$10,028$8,583$7,319$6,220$5,271$3,724
16 years$9,304$7,875$6,636$5,570$4,658$3,201
17 years$8,666$7,253$6,039$5,004$4,130$2,758
18 years$8,099$6,702$5,512$4,510$3,672$2,382
19 years$7,592$6,211$5,046$4,075$3,273$2,062
20 years$7,137$5,772$4,631$3,691$2,924$1,787
21 years$6,726$5,376$4,260$3,350$2,616$1,552
22 years$6,352$5,018$3,926$3,045$2,345$1,349
23 years$6,012$4,694$3,625$2,774$2,105$1,174
24 years$5,700$4,398$3,353$2,530$1,892$1,022
25 years$5,414$4,127$3,105$2,310$1,703$891
26 years$5,150$3,879$2,880$2,112$1,534$777
27 years$4,906$3,650$2,674$1,934$1,383$678
28 years$4,680$3,440$2,486$1,772$1,248$592
29 years$4,470$3,245$2,313$1,625$1,127$518
30 years$4,275$3,064$2,155$1,491$1,018$452
31 years$4,092$2,897$2,009$1,369$920$396
32 years$3,921$2,741$1,874$1,258$833$346
33 years$3,761$2,596$1,750$1,157$753$303
34 years$3,610$2,460$1,635$1,065$682$265
35 years$3,469$2,334$1,529$980$618$232
36 years$3,335$2,215$1,430$903$560$203
37 years$3,209$2,104$1,339$832$507$178
38 years$3,090$1,999$1,254$767$460$156
39 years$2,978$1,901$1,174$707$417$136
40 years$2,871$1,809$1,101$652$378$119
41 years$2,770$1,722$1,032$602$343$104
42 years$2,674$1,640$968$555$311$91
43 years$2,582$1,562$909$512$283$80
44 years$2,495$1,489$853$473$257$70
45 years$2,412$1,420$801$437$233$62
46 years$2,333$1,355$752$404$211$54
47 years$2,258$1,293$707$373$192$47
48 years$2,185$1,234$664$345$174$41
49 years$2,116$1,179$624$318$158$36
50 years$2,050$1,126$587$294$144$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,100,000, adding $5,937 every year, while hoping to spend $30,191 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: 66/19/15 Blend
69$2,100,000$2,100,000$2,100,000$2,100,000
70$2,320,324$2,209,024$2,176,474$2,464,806
71$2,524,874$2,285,143$2,217,263$2,638,197
72$2,749,276$2,363,980$2,258,406$2,823,584
73$2,995,524$2,445,637$2,299,884$3,025,475
74$3,265,812$2,530,218$2,341,675$3,245,485
75$3,562,559$2,617,833$2,383,756$3,485,392
76$3,888,429$2,708,595$2,426,100$3,747,151
77$4,246,356$2,802,623$2,468,682$4,032,917
78$4,639,572$2,900,040$2,511,471$4,345,061
79$5,071,640$3,000,973$2,554,436$4,686,192
80$5,546,481$3,105,555$2,597,544$5,059,187
81$6,068,419$3,213,924$2,640,758$5,467,210
82$6,642,214$3,326,223$2,684,040$5,913,748
83$7,273,114$3,442,601$2,727,349$6,402,639
84$7,966,897$3,563,214$2,770,641$6,938,112
85$8,729,931$3,688,223$2,813,868$7,524,822
86$9,569,233$3,817,795$2,856,982$8,167,900
87$10,492,533$3,952,104$2,899,928$8,872,992
88$11,508,347$4,091,333$2,942,651$9,646,323
89$12,626,059$4,235,670$2,985,092$10,494,745
90$13,856,010$4,385,310$3,027,185$11,425,807
91$15,209,592$4,540,459$3,068,865$12,447,828
92$16,699,358$4,701,329$3,110,059$13,569,967
93$18,339,139$4,868,141$3,150,693$14,802,317
94$20,144,176$5,041,125$3,190,685$16,155,997
95$22,131,261$5,220,519$3,229,953$17,643,256
96$24,318,900$5,406,574$3,268,406$19,277,587
97$26,727,480$5,599,549$3,305,950$21,073,857
98$29,379,469$5,799,713$3,342,485$23,048,445
99$32,299,623$6,007,347$3,377,907$25,219,397
100$35,515,222$6,222,744$3,412,104$27,606,595