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

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 $2,130,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$175,893$174,327$172,798$171,306$169,849$167,936
2 years$87,076$85,454$83,883$82,359$80,881$78,954
3 years$57,474$55,845$54,278$52,768$51,314$49,435
4 years$42,676$41,052$39,500$38,016$36,598$34,780
5 years$33,799$32,185$30,654$29,200$27,821$26,070
6 years$27,884$26,282$24,773$23,352$22,014$20,331
7 years$23,660$22,071$20,586$19,199$17,903$16,290
8 years$20,493$18,919$17,459$16,105$14,852$13,309
9 years$18,032$16,473$15,037$13,718$12,508$11,033
10 years$16,064$14,520$13,110$11,825$10,657$9,251
11 years$14,455$12,926$11,542$10,291$9,166$7,826
12 years$13,115$11,602$10,243$9,027$7,943$6,668
13 years$11,982$10,485$9,151$7,969$6,926$5,715
14 years$11,011$9,530$8,223$7,074$6,071$4,923
15 years$10,171$8,706$7,424$6,309$5,346$4,257
16 years$9,437$7,988$6,731$5,649$4,725$3,694
17 years$8,789$7,356$6,125$5,076$4,189$3,215
18 years$8,215$6,798$5,591$4,574$3,725$2,805
19 years$7,701$6,300$5,118$4,133$3,320$2,453
20 years$7,239$5,854$4,697$3,743$2,966$2,149
21 years$6,822$5,453$4,321$3,397$2,654$1,885
22 years$6,443$5,090$3,982$3,089$2,379$1,656
23 years$6,098$4,761$3,677$2,813$2,135$1,457
24 years$5,782$4,460$3,400$2,566$1,919$1,283
25 years$5,491$4,186$3,150$2,343$1,727$1,131
26 years$5,224$3,934$2,921$2,143$1,556$997
27 years$4,977$3,702$2,712$1,961$1,403$880
28 years$4,747$3,489$2,522$1,797$1,266$777
29 years$4,534$3,291$2,347$1,648$1,143$687
30 years$4,336$3,108$2,186$1,512$1,033$607
31 years$4,150$2,938$2,038$1,389$934$537
32 years$3,977$2,780$1,901$1,276$844$475
33 years$3,815$2,633$1,775$1,174$764$421
34 years$3,662$2,495$1,659$1,080$692$372
35 years$3,518$2,367$1,551$994$627$330
36 years$3,383$2,247$1,451$916$568$292
37 years$3,255$2,134$1,358$844$515$259
38 years$3,135$2,028$1,271$778$467$229
39 years$3,020$1,928$1,191$717$423$203
40 years$2,912$1,835$1,117$661$384$180
41 years$2,809$1,746$1,047$610$348$160
42 years$2,712$1,663$982$563$316$142
43 years$2,619$1,585$922$520$287$126
44 years$2,531$1,510$865$480$260$111
45 years$2,447$1,440$812$443$236$99
46 years$2,366$1,374$763$409$215$88
47 years$2,290$1,311$717$378$195$78
48 years$2,217$1,252$674$350$177$69
49 years$2,147$1,195$633$323$161$61
50 years$2,080$1,142$595$299$146$54

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 $6,921 every year, while hoping to spend $28,618 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: 79/9/12 Blend
69$2,130,000$2,130,000$2,130,000$2,130,000
70$2,354,399$2,241,509$2,208,494$2,534,576
71$2,564,098$2,320,894$2,252,029$2,733,375
72$2,794,228$2,403,209$2,296,064$2,947,039
73$3,046,841$2,488,568$2,340,584$3,180,628
74$3,324,201$2,577,090$2,385,575$3,436,119
75$3,628,798$2,668,896$2,431,021$3,715,693
76$3,963,379$2,764,115$2,476,903$4,021,749
77$4,330,966$2,862,880$2,523,203$4,356,929
78$4,734,893$2,965,329$2,569,898$4,724,146
79$5,178,828$3,071,606$2,616,965$5,126,604
80$5,666,815$3,181,861$2,664,380$5,567,835
81$6,203,309$3,296,251$2,712,116$6,051,728
82$6,793,217$3,414,938$2,760,142$6,582,568
83$7,441,947$3,538,092$2,808,429$7,165,075
84$8,155,456$3,665,889$2,856,941$7,804,447
85$8,940,307$3,798,512$2,905,644$8,506,412
86$9,803,732$3,936,153$2,954,497$9,277,278
87$10,753,700$4,079,011$3,003,459$10,123,996
88$11,798,988$4,227,294$3,052,486$11,054,223
89$12,949,271$4,381,218$3,101,531$12,076,396
90$14,215,207$4,541,007$3,150,542$13,199,808
91$15,608,539$4,706,898$3,199,466$14,434,698
92$17,142,208$4,879,133$3,248,246$15,792,348
93$18,830,471$5,057,969$3,296,820$17,285,188
94$20,689,039$5,243,669$3,345,124$18,926,912
95$22,735,224$5,436,512$3,393,088$20,732,608
96$24,988,100$5,636,785$3,440,640$22,718,902
97$27,468,687$5,844,788$3,487,703$24,904,112
98$30,200,146$6,060,835$3,534,193$27,308,419
99$33,207,998$6,285,253$3,580,026$29,954,063
100$36,520,365$6,518,382$3,625,108$32,865,548