Can I retire at age 70 with 2,140,000?

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 $2,140,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$176,719$175,145$173,609$172,110$170,647$165,449
2 years$87,485$85,855$84,276$82,745$81,260$76,069
3 years$57,744$56,107$54,532$53,016$51,555$46,532
4 years$42,876$41,245$39,686$38,195$36,769$31,953
5 years$33,958$32,337$30,798$29,337$27,951$23,355
6 years$28,015$26,405$24,889$23,461$22,117$17,745
7 years$23,771$22,175$20,683$19,289$17,987$13,839
8 years$20,590$19,008$17,541$16,181$14,922$10,995
9 years$18,116$16,550$15,108$13,783$12,567$8,857
10 years$16,139$14,588$13,171$11,881$10,707$7,209
11 years$14,522$12,987$11,596$10,340$9,209$5,916
12 years$13,176$11,656$10,291$9,069$7,980$4,886
13 years$12,038$10,534$9,194$8,007$6,959$4,057
14 years$11,063$9,575$8,261$7,108$6,100$3,382
15 years$10,219$8,747$7,459$6,339$5,371$2,829
16 years$9,481$8,025$6,762$5,676$4,747$2,373
17 years$8,831$7,391$6,154$5,100$4,209$1,995
18 years$8,253$6,829$5,617$4,596$3,742$1,681
19 years$7,737$6,330$5,142$4,153$3,336$1,418
20 years$7,273$5,882$4,719$3,761$2,979$1,198
21 years$6,854$5,479$4,341$3,413$2,666$1,014
22 years$6,473$5,114$4,001$3,104$2,390$858
23 years$6,127$4,783$3,694$2,826$2,145$727
24 years$5,809$4,481$3,416$2,578$1,928$617
25 years$5,517$4,206$3,164$2,354$1,735$523
26 years$5,248$3,953$2,935$2,153$1,563$444
27 years$5,000$3,720$2,725$1,970$1,409$377
28 years$4,770$3,505$2,533$1,805$1,271$320
29 years$4,556$3,307$2,358$1,655$1,148$272
30 years$4,356$3,123$2,196$1,519$1,037$231
31 years$4,170$2,952$2,047$1,395$938$197
32 years$3,996$2,793$1,910$1,282$848$167
33 years$3,832$2,645$1,783$1,179$768$142
34 years$3,679$2,507$1,666$1,085$695$121
35 years$3,535$2,378$1,558$999$630$103
36 years$3,399$2,257$1,457$920$570$87
37 years$3,271$2,144$1,364$848$517$74
38 years$3,149$2,037$1,277$781$469$63
39 years$3,034$1,937$1,197$720$425$54
40 years$2,926$1,843$1,122$664$386$46
41 years$2,823$1,754$1,052$613$350$39
42 years$2,725$1,671$987$566$317$33
43 years$2,631$1,592$926$522$288$28
44 years$2,543$1,518$869$482$261$24
45 years$2,458$1,447$816$445$237$20
46 years$2,377$1,381$766$411$216$17
47 years$2,301$1,317$720$380$196$15
48 years$2,227$1,258$677$351$178$13
49 years$2,157$1,201$636$325$161$11
50 years$2,089$1,147$598$300$147$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,140,000, adding $4,180 every year, while hoping to spend $49,194 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: 47/39/14 Blend
69$2,140,000$2,140,000$2,140,000$2,140,000
70$2,362,592$2,249,172$2,216,002$2,464,163
71$2,551,234$2,307,039$2,237,896$2,592,775
72$2,757,469$2,366,093$2,258,874$2,726,906
73$2,983,039$2,426,340$2,278,855$2,871,398
74$3,229,864$2,487,785$2,297,751$3,027,236
75$3,500,054$2,550,431$2,315,470$3,195,501
76$3,795,938$2,614,280$2,331,917$3,377,386
77$4,120,076$2,679,333$2,346,989$3,574,203
78$4,475,291$2,745,587$2,360,580$3,787,397
79$4,864,689$2,813,039$2,372,577$4,018,560
80$5,291,692$2,881,683$2,382,864$4,269,445
81$5,760,070$2,951,511$2,391,315$4,541,983
82$6,273,975$3,022,512$2,397,801$4,838,302
83$6,837,978$3,094,674$2,402,186$5,160,745
84$7,457,118$3,167,979$2,404,325$5,511,893
85$8,136,943$3,242,408$2,404,068$5,894,591
86$8,883,564$3,317,939$2,401,258$6,311,973
87$9,703,715$3,394,546$2,395,728$6,767,490
88$10,604,814$3,472,198$2,387,304$7,264,949
89$11,595,031$3,550,862$2,375,805$7,808,541
90$12,683,369$3,630,499$2,361,039$8,402,885
91$13,879,745$3,711,066$2,342,807$9,053,072
92$15,195,086$3,792,515$2,320,898$9,764,712
93$16,641,429$3,874,793$2,295,092$10,543,984
94$18,232,037$3,957,840$2,265,160$11,397,702
95$19,981,523$4,041,592$2,230,860$12,333,373
96$21,905,985$4,125,977$2,191,941$13,359,270
97$24,023,162$4,210,916$2,148,138$14,484,509
98$26,352,599$4,296,325$2,099,174$15,719,139
99$28,915,828$4,382,110$2,044,762$17,074,234
100$31,736,579$4,468,169$1,984,597$18,561,998