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%13.7%
1 years$176,719$175,145$173,609$172,110$170,647$168,027
2 years$87,485$85,855$84,276$82,745$81,260$78,628
3 years$57,744$56,107$54,532$53,016$51,555$48,991
4 years$42,876$41,245$39,686$38,195$36,769$34,294
5 years$33,958$32,337$30,798$29,337$27,951$25,571
6 years$28,015$26,405$24,889$23,461$22,117$19,835
7 years$23,771$22,175$20,683$19,289$17,987$15,804
8 years$20,590$19,008$17,541$16,181$14,922$12,838
9 years$18,116$16,550$15,108$13,783$12,567$10,580
10 years$16,139$14,588$13,171$11,881$10,707$8,817
11 years$14,522$12,987$11,596$10,340$9,209$7,413
12 years$13,176$11,656$10,291$9,069$7,980$6,276
13 years$12,038$10,534$9,194$8,007$6,959$5,344
14 years$11,063$9,575$8,261$7,108$6,100$4,572
15 years$10,219$8,747$7,459$6,339$5,371$3,927
16 years$9,481$8,025$6,762$5,676$4,747$3,385
17 years$8,831$7,391$6,154$5,100$4,209$2,925
18 years$8,253$6,829$5,617$4,596$3,742$2,534
19 years$7,737$6,330$5,142$4,153$3,336$2,199
20 years$7,273$5,882$4,719$3,761$2,979$1,912
21 years$6,854$5,479$4,341$3,413$2,666$1,665
22 years$6,473$5,114$4,001$3,104$2,390$1,452
23 years$6,127$4,783$3,694$2,826$2,145$1,267
24 years$5,809$4,481$3,416$2,578$1,928$1,107
25 years$5,517$4,206$3,164$2,354$1,735$968
26 years$5,248$3,953$2,935$2,153$1,563$847
27 years$5,000$3,720$2,725$1,970$1,409$742
28 years$4,770$3,505$2,533$1,805$1,271$650
29 years$4,556$3,307$2,358$1,655$1,148$570
30 years$4,356$3,123$2,196$1,519$1,037$500
31 years$4,170$2,952$2,047$1,395$938$438
32 years$3,996$2,793$1,910$1,282$848$385
33 years$3,832$2,645$1,783$1,179$768$338
34 years$3,679$2,507$1,666$1,085$695$296
35 years$3,535$2,378$1,558$999$630$260
36 years$3,399$2,257$1,457$920$570$229
37 years$3,271$2,144$1,364$848$517$201
38 years$3,149$2,037$1,277$781$469$176
39 years$3,034$1,937$1,197$720$425$155
40 years$2,926$1,843$1,122$664$386$136
41 years$2,823$1,754$1,052$613$350$120
42 years$2,725$1,671$987$566$317$105
43 years$2,631$1,592$926$522$288$92
44 years$2,543$1,518$869$482$261$81
45 years$2,458$1,447$816$445$237$71
46 years$2,377$1,381$766$411$216$63
47 years$2,301$1,317$720$380$196$55
48 years$2,227$1,258$677$351$178$49
49 years$2,157$1,201$636$325$161$43
50 years$2,089$1,147$598$300$147$38

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 $3,505 every year, while hoping to spend $48,736 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: 54/23/23 Blend
69$2,140,000$2,140,000$2,140,000$2,140,000
70$2,361,895$2,248,475$2,215,305$2,474,328
71$2,550,954$2,306,796$2,237,663$2,610,326
72$2,757,663$2,366,341$2,259,137$2,752,926
73$2,983,772$2,427,119$2,279,645$2,907,143
74$3,231,206$2,489,136$2,299,102$3,074,102
75$3,502,085$2,552,400$2,317,418$3,255,048
76$3,798,745$2,616,915$2,334,499$3,451,346
77$4,123,756$2,682,684$2,350,245$3,664,506
78$4,479,952$2,749,707$2,364,550$3,896,188
79$4,870,450$2,817,986$2,377,305$4,148,221
80$5,298,685$2,887,517$2,388,394$4,422,622
81$5,768,441$2,958,295$2,397,696$4,721,612
82$6,283,884$3,030,314$2,405,081$5,047,639
83$6,849,606$3,103,565$2,410,416$5,403,400
84$7,470,661$3,178,034$2,413,561$5,791,868
85$8,152,619$3,253,709$2,414,366$6,216,317
86$8,901,615$3,330,570$2,412,676$6,680,360
87$9,724,408$3,408,596$2,408,329$7,187,972
88$10,628,443$3,487,762$2,401,153$7,743,538
89$11,621,922$3,568,040$2,390,969$8,351,891
90$12,713,881$3,649,398$2,377,590$9,018,354
91$13,914,275$3,731,797$2,360,818$9,748,796
92$15,234,073$3,815,196$2,340,447$10,549,686
93$16,685,357$3,899,549$2,316,260$11,428,151
94$18,281,440$3,984,804$2,288,032$12,392,046
95$20,036,990$4,070,903$2,255,524$13,450,032
96$21,968,168$4,157,782$2,218,489$14,611,650
97$24,092,780$4,245,372$2,176,667$15,887,418
98$26,430,443$4,333,595$2,129,785$17,288,927
99$29,002,775$4,422,367$2,077,559$18,828,953
100$31,833,591$4,511,596$2,019,691$20,521,576