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%15.8%
1 years$177,545$175,964$174,421$172,915$171,444$167,367
2 years$87,894$86,257$84,670$83,132$81,640$77,557
3 years$58,014$56,370$54,787$53,263$51,796$47,833
4 years$43,077$41,438$39,871$38,373$36,941$33,130
5 years$34,117$32,488$30,942$29,474$28,082$24,433
6 years$28,145$26,529$25,005$23,571$22,220$18,737
7 years$23,882$22,279$20,780$19,379$18,071$14,754
8 years$20,686$19,097$17,623$16,257$14,992$11,840
9 years$18,201$16,627$15,178$13,847$12,625$9,636
10 years$16,215$14,656$13,233$11,936$10,757$7,927
11 years$14,590$13,048$11,650$10,388$9,252$6,576
12 years$13,238$11,711$10,339$9,112$8,017$5,493
13 years$12,094$10,583$9,237$8,044$6,991$4,613
14 years$11,115$9,620$8,300$7,141$6,128$3,891
15 years$10,267$8,788$7,494$6,368$5,396$3,294
16 years$9,525$8,063$6,794$5,702$4,769$2,797
17 years$8,872$7,425$6,182$5,123$4,229$2,381
18 years$8,292$6,861$5,644$4,617$3,760$2,031
19 years$7,773$6,359$5,166$4,172$3,351$1,736
20 years$7,307$5,909$4,742$3,779$2,993$1,486
21 years$6,886$5,504$4,361$3,429$2,679$1,273
22 years$6,504$5,138$4,020$3,118$2,401$1,092
23 years$6,155$4,805$3,711$2,840$2,155$938
24 years$5,836$4,502$3,432$2,590$1,937$806
25 years$5,543$4,225$3,179$2,365$1,743$693
26 years$5,273$3,971$2,948$2,163$1,570$596
27 years$5,023$3,737$2,738$1,980$1,416$514
28 years$4,792$3,522$2,545$1,814$1,277$442
29 years$4,577$3,322$2,369$1,663$1,153$381
30 years$4,376$3,137$2,206$1,526$1,042$328
31 years$4,189$2,966$2,057$1,402$942$283
32 years$4,014$2,806$1,919$1,288$852$244
33 years$3,850$2,658$1,792$1,185$771$211
34 years$3,696$2,519$1,674$1,090$698$182
35 years$3,551$2,389$1,565$1,003$633$157
36 years$3,415$2,268$1,464$924$573$135
37 years$3,286$2,154$1,370$852$519$117
38 years$3,164$2,047$1,283$785$471$101
39 years$3,049$1,946$1,202$724$427$87
40 years$2,939$1,852$1,127$667$387$75
41 years$2,836$1,763$1,057$616$351$65
42 years$2,737$1,679$991$568$319$56
43 years$2,644$1,599$930$525$289$48
44 years$2,555$1,525$873$484$263$42
45 years$2,470$1,454$820$447$238$36
46 years$2,389$1,387$770$413$217$31
47 years$2,311$1,324$723$382$197$27
48 years$2,237$1,264$680$353$179$23
49 years$2,167$1,207$639$326$162$20
50 years$2,099$1,153$601$301$147$17

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 $6,286 every year, while hoping to spend $35,995 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: 48/33/19 Blend
69$2,150,000$2,150,000$2,150,000$2,150,000
70$2,375,784$2,261,834$2,228,509$2,476,811
71$2,579,816$2,334,365$2,264,866$2,620,185
72$2,803,452$2,409,245$2,301,234$2,771,628
73$3,048,655$2,486,548$2,337,576$2,935,316
74$3,317,585$2,566,356$2,373,852$3,112,412
75$3,612,622$2,648,751$2,410,019$3,304,194
76$3,936,387$2,733,817$2,446,032$3,512,069
77$4,291,767$2,821,643$2,481,843$3,737,586
78$4,681,942$2,912,319$2,517,400$3,982,449
79$5,110,417$3,005,939$2,552,650$4,248,533
80$5,581,050$3,102,601$2,587,534$4,537,900
81$6,098,093$3,202,404$2,621,992$4,852,825
82$6,666,229$3,305,452$2,655,959$5,195,806
83$7,290,618$3,411,853$2,689,368$5,569,597
84$7,976,944$3,521,717$2,722,145$5,977,229
85$8,731,471$3,635,159$2,754,215$6,422,040
86$9,561,096$3,752,298$2,785,496$6,907,704
87$10,473,422$3,873,255$2,815,905$7,438,269
88$11,476,825$3,998,157$2,845,351$8,018,190
89$12,580,530$4,127,136$2,873,739$8,652,375
90$13,794,705$4,260,327$2,900,970$9,346,229
91$15,130,550$4,397,869$2,926,939$10,105,706
92$16,600,409$4,539,907$2,951,534$10,937,362
93$18,217,880$4,686,591$2,974,639$11,848,419
94$19,997,946$4,838,076$2,996,132$12,846,834
95$21,957,116$4,994,522$3,015,882$13,941,368
96$24,113,583$5,156,094$3,033,755$15,141,675
97$26,487,389$5,322,964$3,049,607$16,458,389
98$29,100,622$5,495,308$3,063,288$17,903,224
99$31,977,617$5,673,310$3,074,640$19,489,087
100$35,145,191$5,857,159$3,083,497$21,230,195