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%19.8%
1 years$178,371$176,782$175,232$173,719$172,241$165,473
2 years$88,302$86,658$85,064$83,519$82,020$75,283
3 years$58,283$56,632$55,042$53,511$52,037$45,545
4 years$43,277$41,630$40,057$38,552$37,113$30,915
5 years$34,275$32,639$31,085$29,611$28,213$22,324
6 years$28,276$26,652$25,122$23,681$22,324$16,748
7 years$23,993$22,382$20,876$19,469$18,155$12,891
8 years$20,782$19,186$17,705$16,332$15,061$10,103
9 years$18,286$16,705$15,249$13,911$12,684$8,025
10 years$16,290$14,724$13,294$11,992$10,807$6,438
11 years$14,658$13,108$11,704$10,436$9,295$5,205
12 years$13,299$11,765$10,387$9,154$8,055$4,233
13 years$12,150$10,632$9,280$8,082$7,024$3,460
14 years$11,166$9,664$8,338$7,174$6,157$2,838
15 years$10,314$8,829$7,528$6,398$5,421$2,336
16 years$9,570$8,100$6,826$5,729$4,791$1,927
17 years$8,913$7,460$6,211$5,147$4,248$1,593
18 years$8,330$6,893$5,670$4,639$3,777$1,319
19 years$7,809$6,389$5,191$4,191$3,367$1,094
20 years$7,341$5,937$4,764$3,796$3,007$908
21 years$6,918$5,530$4,382$3,445$2,691$755
22 years$6,534$5,162$4,038$3,133$2,412$627
23 years$6,184$4,828$3,729$2,853$2,165$522
24 years$5,863$4,523$3,448$2,602$1,946$435
25 years$5,569$4,245$3,194$2,376$1,751$362
26 years$5,297$3,990$2,962$2,173$1,578$302
27 years$5,047$3,755$2,751$1,989$1,422$251
28 years$4,814$3,538$2,557$1,822$1,283$210
29 years$4,598$3,338$2,380$1,671$1,159$175
30 years$4,397$3,152$2,216$1,533$1,047$146
31 years$4,209$2,980$2,066$1,408$947$122
32 years$4,033$2,819$1,928$1,294$856$101
33 years$3,868$2,670$1,800$1,190$775$85
34 years$3,713$2,531$1,682$1,095$702$71
35 years$3,568$2,400$1,573$1,008$636$59
36 years$3,431$2,278$1,471$928$576$49
37 years$3,301$2,164$1,377$855$522$41
38 years$3,179$2,056$1,289$788$473$34
39 years$3,063$1,955$1,208$727$429$29
40 years$2,953$1,860$1,132$671$389$24
41 years$2,849$1,771$1,062$619$353$20
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 $4,892 every year, while hoping to spend $53,114 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: 69/22/9 Blend
69$2,160,000$2,160,000$2,160,000$2,160,000
70$2,385,366$2,270,886$2,237,406$2,545,547
71$2,572,161$2,325,647$2,255,846$2,707,117
72$2,776,228$2,381,310$2,273,124$2,876,888
73$2,999,274$2,437,865$2,289,145$3,061,185
74$3,243,176$2,495,297$2,303,808$3,261,421
75$3,510,003$2,553,590$2,317,008$3,479,156
76$3,802,031$2,612,723$2,328,635$3,716,106
77$4,121,767$2,672,676$2,338,574$3,974,162
78$4,471,972$2,733,421$2,346,700$4,255,406
79$4,855,686$2,794,932$2,352,888$4,562,132
80$5,276,258$2,857,175$2,357,001$4,896,865
81$5,737,374$2,920,115$2,358,899$5,262,388
82$6,243,097$2,983,711$2,358,432$5,661,767
83$6,797,900$3,047,919$2,355,446$6,098,379
84$7,406,709$3,112,691$2,349,778$6,575,944
85$8,074,953$3,177,973$2,341,255$7,098,561
86$8,808,610$3,243,705$2,329,699$7,670,745
87$9,614,266$3,309,824$2,314,921$8,297,472
88$10,499,174$3,376,259$2,296,724$8,984,224
89$11,471,327$3,442,932$2,274,901$9,737,041
90$12,539,528$3,509,762$2,249,237$10,562,578
91$13,713,477$3,576,658$2,219,503$11,468,167
92$15,003,859$3,643,521$2,185,464$12,461,891
93$16,422,445$3,710,246$2,146,869$13,552,652
94$17,982,205$3,776,719$2,103,460$14,750,262
95$19,697,428$3,842,816$2,054,964$16,065,531
96$21,583,856$3,908,404$2,001,095$17,510,375
97$23,658,835$3,973,341$1,941,557$19,097,921
98$25,941,474$4,037,473$1,876,037$20,842,636
99$28,452,830$4,100,634$1,804,210$22,760,462
100$31,216,101$4,162,648$1,725,734$24,868,968