Can I retire at age 70 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$178,371$176,782$175,232$173,719$172,241$165,538
2 years$88,302$86,658$85,064$83,519$82,020$75,347
3 years$58,283$56,632$55,042$53,511$52,037$45,605
4 years$43,277$41,630$40,057$38,552$37,113$30,971
5 years$34,275$32,639$31,085$29,611$28,213$22,377
6 years$28,276$26,652$25,122$23,681$22,324$16,797
7 years$23,993$22,382$20,876$19,469$18,155$12,936
8 years$20,782$19,186$17,705$16,332$15,061$10,145
9 years$18,286$16,705$15,249$13,911$12,684$8,062
10 years$16,290$14,724$13,294$11,992$10,807$6,472
11 years$14,658$13,108$11,704$10,436$9,295$5,236
12 years$13,299$11,765$10,387$9,154$8,055$4,262
13 years$12,150$10,632$9,280$8,082$7,024$3,485
14 years$11,166$9,664$8,338$7,174$6,157$2,861
15 years$10,314$8,829$7,528$6,398$5,421$2,356
16 years$9,570$8,100$6,826$5,729$4,791$1,945
17 years$8,913$7,460$6,211$5,147$4,248$1,609
18 years$8,330$6,893$5,670$4,639$3,777$1,334
19 years$7,809$6,389$5,191$4,191$3,367$1,107
20 years$7,341$5,937$4,764$3,796$3,007$920
21 years$6,918$5,530$4,382$3,445$2,691$765
22 years$6,534$5,162$4,038$3,133$2,412$636
23 years$6,184$4,828$3,729$2,853$2,165$530
24 years$5,863$4,523$3,448$2,602$1,946$442
25 years$5,569$4,245$3,194$2,376$1,751$368
26 years$5,297$3,990$2,962$2,173$1,578$307
27 years$5,047$3,755$2,751$1,989$1,422$256
28 years$4,814$3,538$2,557$1,822$1,283$214
29 years$4,598$3,338$2,380$1,671$1,159$178
30 years$4,397$3,152$2,216$1,533$1,047$149
31 years$4,209$2,980$2,066$1,408$947$124
32 years$4,033$2,819$1,928$1,294$856$104
33 years$3,868$2,670$1,800$1,190$775$87
34 years$3,713$2,531$1,682$1,095$702$72
35 years$3,568$2,400$1,573$1,008$636$60
36 years$3,431$2,278$1,471$928$576$50
37 years$3,301$2,164$1,377$855$522$42
38 years$3,179$2,056$1,289$788$473$35
39 years$3,063$1,955$1,208$727$429$29
40 years$2,953$1,860$1,132$671$389$25
41 years$2,849$1,771$1,062$619$353$21
42 years$2,750$1,687$996$571$320$17
43 years$2,656$1,607$935$527$291$14
44 years$2,566$1,532$877$487$264$12
45 years$2,481$1,461$824$449$240$10
46 years$2,400$1,393$774$415$218$8
47 years$2,322$1,330$727$384$198$7
48 years$2,248$1,269$683$354$179$6
49 years$2,177$1,212$642$328$163$5
50 years$2,109$1,158$604$303$148$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,160,000, adding $5,463 every year, while hoping to spend $21,299 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: 50/30/20 Blend
69$2,160,000$2,160,000$2,160,000$2,160,000
70$2,385,955$2,271,475$2,237,995$2,491,680
71$2,606,661$2,360,115$2,290,306$2,654,045
72$2,849,164$2,452,385$2,343,655$2,827,781
73$3,115,667$2,548,440$2,398,056$3,016,150
74$3,408,593$2,648,442$2,453,519$3,220,542
75$3,730,614$2,752,560$2,510,057$3,442,485
76$4,084,674$2,860,972$2,567,680$3,683,659
77$4,474,013$2,973,863$2,626,401$3,945,909
78$4,902,206$3,091,426$2,686,228$4,231,269
79$5,373,187$3,213,862$2,747,173$4,541,972
80$5,891,294$3,341,383$2,809,245$4,880,476
81$6,461,304$3,474,208$2,872,452$5,249,485
82$7,088,481$3,612,569$2,936,804$5,651,974
83$7,778,626$3,756,705$3,002,307$6,091,216
84$8,538,131$3,906,868$3,068,969$6,570,813
85$9,374,036$4,063,321$3,136,796$7,094,730
86$10,294,102$4,226,338$3,205,792$7,667,329
87$11,306,878$4,396,206$3,275,964$8,293,413
88$12,421,785$4,573,225$3,347,314$8,978,267
89$13,649,203$4,757,708$3,419,844$9,727,711
90$15,000,569$4,949,984$3,493,557$10,548,150
91$16,488,488$5,150,394$3,568,453$11,446,636
92$18,126,848$5,359,298$3,644,530$12,430,935
93$19,930,951$5,577,068$3,721,786$13,509,597
94$21,917,661$5,804,096$3,800,218$14,692,034
95$24,105,558$6,040,793$3,879,821$15,988,612
96$26,515,117$6,287,584$3,960,588$17,410,748
97$29,168,902$6,544,919$4,042,510$18,971,013
98$32,091,774$6,813,264$4,125,578$20,683,249
99$35,311,130$7,093,108$4,209,780$22,562,705
100$38,857,158$7,384,964$4,295,101$24,626,173