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%12.7%
1 years$176,719$175,145$173,609$172,110$170,647$168,724
2 years$87,485$85,855$84,276$82,745$81,260$79,325
3 years$57,744$56,107$54,532$53,016$51,555$49,667
4 years$42,876$41,245$39,686$38,195$36,769$34,943
5 years$33,958$32,337$30,798$29,337$27,951$26,192
6 years$28,015$26,405$24,889$23,461$22,117$20,427
7 years$23,771$22,175$20,683$19,289$17,987$16,367
8 years$20,590$19,008$17,541$16,181$14,922$13,372
9 years$18,116$16,550$15,108$13,783$12,567$11,085
10 years$16,139$14,588$13,171$11,881$10,707$9,294
11 years$14,522$12,987$11,596$10,340$9,209$7,863
12 years$13,176$11,656$10,291$9,069$7,980$6,700
13 years$12,038$10,534$9,194$8,007$6,959$5,742
14 years$11,063$9,575$8,261$7,108$6,100$4,946
15 years$10,219$8,747$7,459$6,339$5,371$4,277
16 years$9,481$8,025$6,762$5,676$4,747$3,712
17 years$8,831$7,391$6,154$5,100$4,209$3,230
18 years$8,253$6,829$5,617$4,596$3,742$2,818
19 years$7,737$6,330$5,142$4,153$3,336$2,464
20 years$7,273$5,882$4,719$3,761$2,979$2,159
21 years$6,854$5,479$4,341$3,413$2,666$1,894
22 years$6,473$5,114$4,001$3,104$2,390$1,664
23 years$6,127$4,783$3,694$2,826$2,145$1,464
24 years$5,809$4,481$3,416$2,578$1,928$1,289
25 years$5,517$4,206$3,164$2,354$1,735$1,136
26 years$5,248$3,953$2,935$2,153$1,563$1,002
27 years$5,000$3,720$2,725$1,970$1,409$884
28 years$4,770$3,505$2,533$1,805$1,271$781
29 years$4,556$3,307$2,358$1,655$1,148$690
30 years$4,356$3,123$2,196$1,519$1,037$610
31 years$4,170$2,952$2,047$1,395$938$540
32 years$3,996$2,793$1,910$1,282$848$478
33 years$3,832$2,645$1,783$1,179$768$423
34 years$3,679$2,507$1,666$1,085$695$374
35 years$3,535$2,378$1,558$999$630$331
36 years$3,399$2,257$1,457$920$570$294
37 years$3,271$2,144$1,364$848$517$260
38 years$3,149$2,037$1,277$781$469$230
39 years$3,034$1,937$1,197$720$425$204
40 years$2,926$1,843$1,122$664$386$181
41 years$2,823$1,754$1,052$613$350$160
42 years$2,725$1,671$987$566$317$142
43 years$2,631$1,592$926$522$288$126
44 years$2,543$1,518$869$482$261$112
45 years$2,458$1,447$816$445$237$99
46 years$2,377$1,381$766$411$216$88
47 years$2,301$1,317$720$380$196$78
48 years$2,227$1,258$677$351$178$69
49 years$2,157$1,201$636$325$161$61
50 years$2,089$1,147$598$300$147$54

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 $5,064 every year, while hoping to spend $43,732 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: 44/46/10 Blend
69$2,140,000$2,140,000$2,140,000$2,140,000
70$2,363,504$2,250,084$2,216,914$2,460,519
71$2,558,050$2,313,807$2,244,650$2,592,129
72$2,770,975$2,379,187$2,271,849$2,729,836
73$3,004,107$2,446,260$2,298,448$2,878,098
74$3,259,458$2,515,059$2,324,378$3,037,901
75$3,539,246$2,585,620$2,349,569$3,210,331
76$3,845,914$2,657,980$2,373,944$3,396,581
77$4,182,150$2,732,174$2,397,424$3,597,964
78$4,550,917$2,808,238$2,419,925$3,815,926
79$4,955,477$2,886,208$2,441,359$4,052,057
80$5,399,423$2,966,120$2,461,632$4,308,107
81$5,886,715$3,048,010$2,480,647$4,586,002
82$6,421,711$3,131,914$2,498,300$4,887,864
83$7,009,215$3,217,868$2,514,483$5,216,028
84$7,654,519$3,305,907$2,529,082$5,573,064
85$8,363,449$3,396,066$2,541,976$5,961,804
86$9,142,428$3,488,380$2,553,039$6,385,364
87$9,998,529$3,582,884$2,562,139$6,847,178
88$10,939,545$3,679,611$2,569,137$7,351,026
89$11,974,061$3,778,595$2,573,885$7,901,072
90$13,111,537$3,879,867$2,576,231$8,501,902
91$14,362,392$3,983,459$2,576,014$9,158,569
92$15,738,109$4,089,402$2,573,064$9,876,637
93$17,251,339$4,197,725$2,567,204$10,662,235
94$18,916,018$4,308,456$2,558,247$11,522,116
95$20,747,503$4,421,621$2,546,000$12,463,719
96$22,762,714$4,537,246$2,530,256$13,495,240
97$24,980,294$4,655,355$2,510,803$14,625,707
98$27,420,784$4,775,967$2,487,415$15,865,067
99$30,106,818$4,899,104$2,459,858$17,224,281
100$33,063,334$5,024,781$2,427,884$18,715,424