Can I retire at age 70 with 2,120,000?

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 $2,120,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$175,068$173,508$171,987$170,502$169,052$165,166
2 years$86,667$85,053$83,489$81,972$80,501$76,608
3 years$57,204$55,583$54,023$52,520$51,073$47,294
4 years$42,476$40,859$39,315$37,838$36,426$32,790
5 years$33,641$32,034$30,510$29,063$27,690$24,208
6 years$27,753$26,158$24,656$23,242$21,910$18,585
7 years$23,549$21,968$20,490$19,109$17,819$14,651
8 years$20,397$18,830$17,377$16,030$14,783$11,770
9 years$17,947$16,395$14,967$13,654$12,449$9,591
10 years$15,988$14,452$13,048$11,770$10,607$7,900
11 years$14,387$12,865$11,488$10,243$9,123$6,562
12 years$13,053$11,547$10,195$8,985$7,905$5,488
13 years$11,925$10,435$9,108$7,932$6,894$4,615
14 years$10,960$9,486$8,184$7,041$6,043$3,898
15 years$10,123$8,665$7,389$6,280$5,321$3,304
16 years$9,392$7,950$6,699$5,623$4,702$2,810
17 years$8,748$7,322$6,096$5,052$4,170$2,395
18 years$8,176$6,766$5,565$4,553$3,707$2,046
19 years$7,665$6,270$5,094$4,114$3,304$1,751
20 years$7,205$5,827$4,675$3,726$2,952$1,501
21 years$6,790$5,427$4,300$3,381$2,641$1,289
22 years$6,413$5,066$3,964$3,075$2,368$1,107
23 years$6,069$4,738$3,660$2,800$2,125$952
24 years$5,755$4,440$3,385$2,554$1,910$820
25 years$5,466$4,166$3,135$2,332$1,719$706
26 years$5,199$3,916$2,907$2,132$1,548$609
27 years$4,953$3,685$2,700$1,952$1,396$525
28 years$4,725$3,472$2,510$1,788$1,260$453
29 years$4,513$3,276$2,336$1,640$1,137$391
30 years$4,315$3,094$2,175$1,505$1,028$337
31 years$4,131$2,925$2,028$1,382$929$291
32 years$3,958$2,767$1,892$1,270$840$252
33 years$3,797$2,621$1,767$1,168$761$217
34 years$3,645$2,484$1,651$1,075$689$188
35 years$3,502$2,356$1,543$989$624$162
36 years$3,367$2,236$1,444$911$565$140
37 years$3,240$2,124$1,351$840$512$121
38 years$3,120$2,018$1,266$774$464$105
39 years$3,006$1,919$1,186$714$421$91
40 years$2,898$1,826$1,111$658$382$78
41 years$2,796$1,738$1,042$607$347$68
42 years$2,699$1,655$977$560$314$59
43 years$2,607$1,577$917$517$285$51
44 years$2,519$1,503$861$478$259$44
45 years$2,435$1,434$808$441$235$38
46 years$2,355$1,368$759$407$214$33
47 years$2,279$1,305$713$376$194$28
48 years$2,206$1,246$670$348$176$25
49 years$2,137$1,190$630$321$160$21
50 years$2,070$1,137$592$297$145$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,120,000, adding $2,245 every year, while hoping to spend $49,738 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: 74/6/20 Blend
69$2,120,000$2,120,000$2,120,000$2,120,000
70$2,338,556$2,226,196$2,193,336$2,500,328
71$2,524,168$2,282,358$2,213,892$2,664,176
72$2,727,045$2,339,606$2,233,469$2,837,410
73$2,948,896$2,397,940$2,251,983$3,025,970
74$3,191,602$2,457,357$2,269,343$3,231,371
75$3,457,235$2,517,857$2,285,456$3,455,283
76$3,748,075$2,579,435$2,300,221$3,699,546
77$4,066,635$2,642,082$2,313,534$3,966,185
78$4,415,679$2,705,792$2,325,285$4,257,434
79$4,798,255$2,770,552$2,335,358$4,575,751
80$5,217,717$2,836,349$2,343,633$4,923,847
81$5,677,760$2,903,167$2,349,981$5,304,709
82$6,182,455$2,970,985$2,354,268$5,721,625
83$6,736,283$3,039,782$2,356,354$6,178,222
84$7,344,184$3,109,531$2,356,092$6,678,495
85$8,011,596$3,180,203$2,353,326$7,226,844
86$8,744,510$3,251,764$2,347,894$7,828,121
87$9,549,527$3,324,178$2,339,625$8,487,671
88$10,433,918$3,397,401$2,328,342$9,211,384
89$11,405,692$3,471,388$2,313,856$10,005,749
90$12,473,674$3,546,088$2,295,971$10,877,920
91$13,647,585$3,621,442$2,274,483$11,835,778
92$14,938,135$3,697,390$2,249,174$12,888,008
93$16,357,124$3,773,861$2,219,821$14,044,183
94$17,917,552$3,850,781$2,186,186$15,314,851
95$19,633,741$3,928,069$2,148,023$16,711,635
96$21,521,473$4,005,634$2,105,071$18,247,345
97$23,598,133$4,083,381$2,057,062$19,936,098
98$25,882,880$4,161,203$2,003,710$21,793,451
99$28,396,819$4,238,988$1,944,720$23,836,548
100$31,163,207$4,316,611$1,879,781$26,084,283