Can I retire at age 70 with 2,150,000?

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 $2,150,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$177,545$175,964$174,421$172,915$171,444$166,490
2 years$87,894$86,257$84,670$83,132$81,640$76,688
3 years$58,014$56,370$54,787$53,263$51,796$47,001
4 years$43,077$41,438$39,871$38,373$36,941$32,341
5 years$34,117$32,488$30,942$29,474$28,082$23,689
6 years$28,145$26,529$25,005$23,571$22,220$18,038
7 years$23,882$22,279$20,780$19,379$18,071$14,099
8 years$20,686$19,097$17,623$16,257$14,992$11,228
9 years$18,201$16,627$15,178$13,847$12,625$9,066
10 years$16,215$14,656$13,233$11,936$10,757$7,398
11 years$14,590$13,048$11,650$10,388$9,252$6,087
12 years$13,238$11,711$10,339$9,112$8,017$5,041
13 years$12,094$10,583$9,237$8,044$6,991$4,196
14 years$11,115$9,620$8,300$7,141$6,128$3,508
15 years$10,267$8,788$7,494$6,368$5,396$2,943
16 years$9,525$8,063$6,794$5,702$4,769$2,476
17 years$8,872$7,425$6,182$5,123$4,229$2,088
18 years$8,292$6,861$5,644$4,617$3,760$1,764
19 years$7,773$6,359$5,166$4,172$3,351$1,493
20 years$7,307$5,909$4,742$3,779$2,993$1,265
21 years$6,886$5,504$4,361$3,429$2,679$1,073
22 years$6,504$5,138$4,020$3,118$2,401$912
23 years$6,155$4,805$3,711$2,840$2,155$775
24 years$5,836$4,502$3,432$2,590$1,937$659
25 years$5,543$4,225$3,179$2,365$1,743$561
26 years$5,273$3,971$2,948$2,163$1,570$478
27 years$5,023$3,737$2,738$1,980$1,416$407
28 years$4,792$3,522$2,545$1,814$1,277$347
29 years$4,577$3,322$2,369$1,663$1,153$296
30 years$4,376$3,137$2,206$1,526$1,042$252
31 years$4,189$2,966$2,057$1,402$942$215
32 years$4,014$2,806$1,919$1,288$852$183
33 years$3,850$2,658$1,792$1,185$771$156
34 years$3,696$2,519$1,674$1,090$698$133
35 years$3,551$2,389$1,565$1,003$633$114
36 years$3,415$2,268$1,464$924$573$97
37 years$3,286$2,154$1,370$852$519$83
38 years$3,164$2,047$1,283$785$471$71
39 years$3,049$1,946$1,202$724$427$60
40 years$2,939$1,852$1,127$667$387$52
41 years$2,836$1,763$1,057$616$351$44
42 years$2,737$1,679$991$568$319$38
43 years$2,644$1,599$930$525$289$32
44 years$2,555$1,525$873$484$263$27
45 years$2,470$1,454$820$447$238$23
46 years$2,389$1,387$770$413$217$20
47 years$2,311$1,324$723$382$197$17
48 years$2,237$1,264$680$353$179$15
49 years$2,167$1,207$639$326$162$12
50 years$2,099$1,153$601$301$147$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,150,000, adding $3,305 every year, while hoping to spend $46,758 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: 69/14/17 Blend
69$2,150,000$2,150,000$2,150,000$2,150,000
70$2,372,709$2,258,759$2,225,434$2,526,597
71$2,564,975$2,319,688$2,250,236$2,690,507
72$2,775,285$2,382,036$2,274,302$2,863,937
73$3,005,431$2,445,822$2,297,557$3,052,522
74$3,257,384$2,511,066$2,319,924$3,257,752
75$3,533,316$2,577,787$2,341,320$3,481,266
76$3,835,619$2,646,003$2,361,659$3,724,869
77$4,166,926$2,715,732$2,380,850$3,990,553
78$4,530,140$2,786,990$2,398,795$4,280,508
79$4,928,454$2,859,792$2,415,395$4,597,148
80$5,365,388$2,934,154$2,430,542$4,943,132
81$5,844,818$3,010,087$2,444,125$5,321,391
82$6,371,012$3,087,604$2,456,026$5,735,151
83$6,948,674$3,166,716$2,466,122$6,187,968
84$7,582,983$3,247,430$2,474,282$6,683,760
85$8,279,647$3,329,753$2,480,370$7,226,844
86$9,044,952$3,413,692$2,484,242$7,821,974
87$9,885,822$3,499,247$2,485,750$8,474,391
88$10,809,886$3,586,421$2,484,733$9,189,869
89$11,825,551$3,675,212$2,481,027$9,974,769
90$12,942,074$3,765,614$2,474,459$10,836,100
91$14,169,657$3,857,621$2,464,845$11,781,588
92$15,519,541$3,951,223$2,451,996$12,819,742
93$17,004,106$4,046,405$2,435,710$13,959,942
94$18,636,997$4,143,151$2,415,778$15,212,523
95$20,433,244$4,241,439$2,391,980$16,588,872
96$22,409,410$4,341,244$2,364,086$18,101,539
97$24,583,741$4,442,537$2,331,855$19,764,353
98$26,976,345$4,545,283$2,295,034$21,592,552
99$29,609,374$4,649,444$2,253,359$23,602,929
100$32,507,236$4,754,973$2,206,554$25,813,991