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

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$173,416$171,871$170,364$168,893$167,457$166,681
2 years$85,850$84,251$82,701$81,199$79,741$78,958
3 years$56,665$55,059$53,513$52,025$50,591$49,825
4 years$42,075$40,474$38,944$37,481$36,082$35,339
5 years$33,323$31,732$30,222$28,789$27,429$26,711
6 years$27,491$25,912$24,424$23,023$21,704$21,011
7 years$23,327$21,761$20,296$18,928$17,651$16,985
8 years$20,205$18,653$17,213$15,878$14,643$14,004
9 years$17,778$16,241$14,825$13,525$12,332$11,718
10 years$15,837$14,315$12,925$11,659$10,507$9,920
11 years$14,251$12,744$11,379$10,146$9,037$8,475
12 years$12,930$11,438$10,099$8,900$7,831$7,294
13 years$11,813$10,337$9,023$7,857$6,829$6,317
14 years$10,856$9,396$8,107$6,975$5,986$5,498
15 years$10,028$8,583$7,319$6,220$5,271$4,806
16 years$9,304$7,875$6,636$5,570$4,658$4,216
17 years$8,666$7,253$6,039$5,004$4,130$3,711
18 years$8,099$6,702$5,512$4,510$3,672$3,274
19 years$7,592$6,211$5,046$4,075$3,273$2,896
20 years$7,137$5,772$4,631$3,691$2,924$2,567
21 years$6,726$5,376$4,260$3,350$2,616$2,279
22 years$6,352$5,018$3,926$3,045$2,345$2,026
23 years$6,012$4,694$3,625$2,774$2,105$1,804
24 years$5,700$4,398$3,353$2,530$1,892$1,608
25 years$5,414$4,127$3,105$2,310$1,703$1,435
26 years$5,150$3,879$2,880$2,112$1,534$1,282
27 years$4,906$3,650$2,674$1,934$1,383$1,146
28 years$4,680$3,440$2,486$1,772$1,248$1,025
29 years$4,470$3,245$2,313$1,625$1,127$917
30 years$4,275$3,064$2,155$1,491$1,018$822
31 years$4,092$2,897$2,009$1,369$920$736
32 years$3,921$2,741$1,874$1,258$833$660
33 years$3,761$2,596$1,750$1,157$753$592
34 years$3,610$2,460$1,635$1,065$682$531
35 years$3,469$2,334$1,529$980$618$477
36 years$3,335$2,215$1,430$903$560$428
37 years$3,209$2,104$1,339$832$507$384
38 years$3,090$1,999$1,254$767$460$345
39 years$2,978$1,901$1,174$707$417$310
40 years$2,871$1,809$1,101$652$378$279
41 years$2,770$1,722$1,032$602$343$250
42 years$2,674$1,640$968$555$311$225
43 years$2,582$1,562$909$512$283$202
44 years$2,495$1,489$853$473$257$182
45 years$2,412$1,420$801$437$233$164
46 years$2,333$1,355$752$404$211$147
47 years$2,258$1,293$707$373$192$132
48 years$2,185$1,234$664$345$174$119
49 years$2,116$1,179$624$318$158$107
50 years$2,050$1,126$587$294$144$96

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 $5,657 every year, while hoping to spend $40,785 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: 62/24/14 Blend
69$2,100,000$2,100,000$2,100,000$2,100,000
70$2,320,035$2,208,735$2,176,185$2,455,619
71$2,513,284$2,273,568$2,205,692$2,612,169
72$2,724,877$2,340,211$2,234,821$2,777,840
73$2,956,643$2,408,710$2,263,516$2,957,701
74$3,210,594$2,479,110$2,291,717$3,153,131
75$3,488,948$2,551,460$2,319,364$3,365,648
76$3,794,147$2,625,808$2,346,388$3,596,923
77$4,128,879$2,702,202$2,372,722$3,848,796
78$4,496,108$2,780,693$2,398,291$4,123,294
79$4,899,096$2,861,332$2,423,019$4,422,646
80$5,341,437$2,944,170$2,446,823$4,749,310
81$5,827,090$3,029,261$2,469,618$5,105,992
82$6,360,415$3,116,656$2,491,312$5,495,671
83$6,946,216$3,206,412$2,511,810$5,921,630
84$7,589,786$3,298,582$2,531,012$6,387,484
85$8,296,955$3,393,223$2,548,811$6,897,215
86$9,074,144$3,490,391$2,565,096$7,455,209
87$9,928,430$3,590,144$2,579,750$8,066,299
88$10,867,609$3,692,539$2,592,650$8,735,808
89$11,900,267$3,797,636$2,603,666$9,469,599
90$13,035,868$3,905,493$2,612,663$10,274,133
91$14,284,835$4,016,172$2,619,496$11,156,527
92$15,658,656$4,129,731$2,624,017$12,124,623
93$17,169,985$4,246,234$2,626,067$13,187,060
94$18,832,764$4,365,741$2,625,482$14,353,355
95$20,662,358$4,488,314$2,622,087$15,633,997
96$22,675,693$4,614,015$2,615,701$17,040,539
97$24,891,420$4,742,908$2,606,133$18,585,715
98$27,330,089$4,875,055$2,593,183$20,283,551
99$30,014,344$5,010,519$2,576,641$22,149,504
100$32,969,136$5,149,364$2,556,288$24,200,606