Can I retire at age 70 with 2,110,000?

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 $2,110,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$174,242$172,690$171,176$169,698$168,254$164,790
2 years$86,258$84,652$83,095$81,585$80,121$76,646
3 years$56,934$55,321$53,768$52,273$50,832$47,456
4 years$42,275$40,667$39,129$37,659$36,254$33,002
5 years$33,482$31,883$30,366$28,926$27,560$24,441
6 years$27,622$26,035$24,540$23,132$21,807$18,825
7 years$23,438$21,864$20,393$19,018$17,735$14,890
8 years$20,301$18,742$17,295$15,954$14,713$12,005
9 years$17,862$16,318$14,896$13,589$12,390$9,817
10 years$15,913$14,383$12,987$11,714$10,557$8,116
11 years$14,319$12,805$11,433$10,195$9,080$6,768
12 years$12,991$11,493$10,147$8,942$7,868$5,682
13 years$11,869$10,386$9,065$7,895$6,861$4,797
14 years$10,908$9,441$8,145$7,008$6,014$4,068
15 years$10,076$8,624$7,354$6,250$5,296$3,463
16 years$9,348$7,913$6,668$5,596$4,680$2,958
17 years$8,707$7,287$6,067$5,028$4,150$2,532
18 years$8,137$6,734$5,539$4,531$3,690$2,173
19 years$7,629$6,241$5,070$4,094$3,289$1,868
20 years$7,171$5,799$4,653$3,708$2,938$1,609
21 years$6,758$5,402$4,280$3,365$2,629$1,387
22 years$6,383$5,042$3,945$3,060$2,356$1,197
23 years$6,041$4,716$3,642$2,787$2,115$1,035
24 years$5,728$4,419$3,369$2,542$1,901$895
25 years$5,440$4,147$3,120$2,321$1,711$774
26 years$5,175$3,897$2,894$2,122$1,541$671
27 years$4,930$3,668$2,687$1,943$1,389$581
28 years$4,703$3,456$2,498$1,780$1,254$504
29 years$4,492$3,260$2,324$1,632$1,132$437
30 years$4,295$3,079$2,165$1,498$1,023$379
31 years$4,111$2,911$2,019$1,376$925$329
32 years$3,940$2,754$1,883$1,264$837$286
33 years$3,779$2,608$1,758$1,163$757$248
34 years$3,627$2,472$1,643$1,070$685$215
35 years$3,485$2,345$1,536$985$621$187
36 years$3,351$2,225$1,437$907$562$162
37 years$3,225$2,114$1,345$836$510$141
38 years$3,105$2,009$1,260$770$462$123
39 years$2,992$1,910$1,180$710$419$107
40 years$2,885$1,817$1,106$655$380$93
41 years$2,783$1,730$1,037$604$345$81
42 years$2,686$1,647$973$558$313$70
43 years$2,594$1,570$913$515$284$61
44 years$2,507$1,496$857$475$258$53
45 years$2,424$1,427$805$439$234$46
46 years$2,344$1,361$756$406$212$40
47 years$2,268$1,299$710$375$193$35
48 years$2,196$1,240$667$346$175$30
49 years$2,126$1,184$627$320$159$26
50 years$2,060$1,131$590$296$145$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,110,000, adding $6,277 every year, while hoping to spend $25,735 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: 68/17/15 Blend
69$2,110,000$2,110,000$2,110,000$2,110,000
70$2,331,695$2,219,865$2,187,160$2,481,676
71$2,542,146$2,301,256$2,233,048$2,663,808
72$2,773,200$2,385,773$2,279,610$2,859,313
73$3,026,933$2,473,542$2,326,843$3,072,498
74$3,305,628$2,564,694$2,374,741$3,305,097
75$3,611,804$2,659,366$2,423,296$3,559,021
76$3,948,233$2,757,700$2,472,502$3,836,373
77$4,317,970$2,859,845$2,522,348$4,139,466
78$4,724,382$2,965,956$2,572,826$4,470,849
79$5,171,177$3,076,195$2,623,923$4,833,327
80$5,662,439$3,190,731$2,675,626$5,229,991
81$6,202,669$3,309,738$2,727,922$5,664,242
82$6,796,827$3,433,401$2,780,793$6,139,827
83$7,450,375$3,561,910$2,834,221$6,660,870
84$8,169,334$3,695,465$2,888,189$7,231,916
85$8,960,337$3,834,272$2,942,673$7,857,968
86$9,830,689$3,978,550$2,997,651$8,544,538
87$10,788,445$4,128,524$3,053,097$9,297,695
88$11,842,475$4,284,430$3,108,985$10,124,127
89$13,002,554$4,446,514$3,165,283$11,031,197
90$14,279,454$4,615,033$3,221,959$12,027,018
91$15,685,043$4,790,255$3,278,980$13,120,525
92$17,232,399$4,972,458$3,336,307$14,321,564
93$18,935,930$5,161,935$3,393,899$15,640,977
94$20,811,515$5,358,990$3,451,715$17,090,710
95$22,876,650$5,563,941$3,509,708$18,683,924
96$25,150,612$5,777,118$3,567,827$20,435,117
97$27,654,646$5,998,869$3,626,021$22,360,260
98$30,412,160$6,229,553$3,684,232$24,476,953
99$33,448,947$6,469,548$3,742,401$26,804,580
100$36,793,431$6,719,247$3,800,463$29,364,503