Can I retire at age 70 with 2,130,000?

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$175,893$174,327$172,798$171,306$169,849$167,173
2 years$87,076$85,454$83,883$82,359$80,881$78,191
3 years$57,474$55,845$54,278$52,768$51,314$48,695
4 years$42,676$41,052$39,500$38,016$36,598$34,070
5 years$33,799$32,185$30,654$29,200$27,821$25,391
6 years$27,884$26,282$24,773$23,352$22,014$19,685
7 years$23,660$22,071$20,586$19,199$17,903$15,676
8 years$20,493$18,919$17,459$16,105$14,852$12,726
9 years$18,032$16,473$15,037$13,718$12,508$10,482
10 years$16,064$14,520$13,110$11,825$10,657$8,730
11 years$14,455$12,926$11,542$10,291$9,166$7,335
12 years$13,115$11,602$10,243$9,027$7,943$6,206
13 years$11,982$10,485$9,151$7,969$6,926$5,281
14 years$11,011$9,530$8,223$7,074$6,071$4,515
15 years$10,171$8,706$7,424$6,309$5,346$3,876
16 years$9,437$7,988$6,731$5,649$4,725$3,338
17 years$8,789$7,356$6,125$5,076$4,189$2,882
18 years$8,215$6,798$5,591$4,574$3,725$2,495
19 years$7,701$6,300$5,118$4,133$3,320$2,164
20 years$7,239$5,854$4,697$3,743$2,966$1,880
21 years$6,822$5,453$4,321$3,397$2,654$1,636
22 years$6,443$5,090$3,982$3,089$2,379$1,425
23 years$6,098$4,761$3,677$2,813$2,135$1,243
24 years$5,782$4,460$3,400$2,566$1,919$1,085
25 years$5,491$4,186$3,150$2,343$1,727$948
26 years$5,224$3,934$2,921$2,143$1,556$829
27 years$4,977$3,702$2,712$1,961$1,403$726
28 years$4,747$3,489$2,522$1,797$1,266$635
29 years$4,534$3,291$2,347$1,648$1,143$556
30 years$4,336$3,108$2,186$1,512$1,033$487
31 years$4,150$2,938$2,038$1,389$934$427
32 years$3,977$2,780$1,901$1,276$844$375
33 years$3,815$2,633$1,775$1,174$764$328
34 years$3,662$2,495$1,659$1,080$692$288
35 years$3,518$2,367$1,551$994$627$253
36 years$3,383$2,247$1,451$916$568$222
37 years$3,255$2,134$1,358$844$515$195
38 years$3,135$2,028$1,271$778$467$171
39 years$3,020$1,928$1,191$717$423$150
40 years$2,912$1,835$1,117$661$384$132
41 years$2,809$1,746$1,047$610$348$116
42 years$2,712$1,663$982$563$316$102
43 years$2,619$1,585$922$520$287$89
44 years$2,531$1,510$865$480$260$78
45 years$2,447$1,440$812$443$236$69
46 years$2,366$1,374$763$409$215$60
47 years$2,290$1,311$717$378$195$53
48 years$2,217$1,252$674$350$177$47
49 years$2,147$1,195$633$323$161$41
50 years$2,080$1,142$595$299$146$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,130,000, adding $3,341 every year, while hoping to spend $38,076 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: 35/50/15 Blend
69$2,130,000$2,130,000$2,130,000$2,130,000
70$2,350,706$2,237,816$2,204,801$2,421,977
71$2,549,966$2,306,957$2,238,150$2,543,132
72$2,768,273$2,378,209$2,271,339$2,669,934
73$3,007,532$2,451,636$2,304,324$2,805,928
74$3,269,838$2,527,303$2,337,056$2,951,949
75$3,557,498$2,605,278$2,369,483$3,108,916
76$3,873,054$2,685,628$2,401,553$3,277,835
77$4,219,308$2,768,426$2,433,207$3,459,817
78$4,599,341$2,853,743$2,464,384$3,656,078
79$5,016,553$2,941,655$2,495,019$3,867,960
80$5,474,685$3,032,240$2,525,046$4,096,934
81$5,977,859$3,125,576$2,554,391$4,344,623
82$6,530,617$3,221,745$2,582,980$4,612,808
83$7,137,961$3,320,832$2,610,731$4,903,451
84$7,805,403$3,422,923$2,637,560$5,218,709
85$8,539,014$3,528,106$2,663,378$5,560,958
86$9,345,483$3,636,473$2,688,091$5,932,812
87$10,232,180$3,748,118$2,711,600$6,337,146
88$11,207,224$3,863,137$2,733,800$6,777,126
89$12,279,561$3,981,630$2,754,582$7,256,239
90$13,459,045$4,103,699$2,773,830$7,778,321
91$14,756,537$4,229,450$2,791,422$8,347,596
92$16,184,000$4,358,989$2,807,231$8,968,717
93$17,754,616$4,492,427$2,821,121$9,646,806
94$19,482,910$4,629,880$2,832,952$10,387,501
95$21,384,886$4,771,463$2,842,575$11,197,016
96$23,478,177$4,917,298$2,849,834$12,082,189
97$25,782,213$5,067,507$2,854,566$13,050,555
98$28,318,403$5,222,218$2,856,597$14,110,410
99$31,110,335$5,381,562$2,855,748$15,270,895
100$34,184,004$5,545,673$2,851,830$16,542,076