Can I retire at age 70 with 2,170,000?

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 $2,170,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$179,197$177,600$176,043$174,523$173,039$167,366
2 years$88,711$87,059$85,458$83,905$82,399$76,738
3 years$58,553$56,894$55,297$53,759$52,278$46,806
4 years$43,477$41,823$40,242$38,730$37,285$32,044
5 years$34,434$32,790$31,229$29,749$28,343$23,348
6 years$28,407$26,775$25,238$23,790$22,427$17,681
7 years$24,104$22,486$20,973$19,559$18,239$13,742
8 years$20,878$19,275$17,787$16,408$15,131$10,880
9 years$18,370$16,782$15,320$13,976$12,743$8,732
10 years$16,365$14,793$13,356$12,047$10,857$7,081
11 years$14,726$13,169$11,758$10,485$9,338$5,788
12 years$13,361$11,820$10,435$9,196$8,092$4,762
13 years$12,207$10,682$9,323$8,119$7,056$3,937
14 years$11,218$9,709$8,377$7,207$6,185$3,268
15 years$10,362$8,870$7,563$6,428$5,446$2,723
16 years$9,614$8,138$6,857$5,755$4,813$2,274
17 years$8,954$7,494$6,240$5,171$4,268$1,904
18 years$8,369$6,925$5,696$4,660$3,795$1,596
19 years$7,846$6,418$5,215$4,211$3,382$1,341
20 years$7,375$5,964$4,786$3,814$3,021$1,128
21 years$6,950$5,555$4,402$3,461$2,704$950
22 years$6,564$5,186$4,057$3,147$2,423$800
23 years$6,212$4,850$3,746$2,866$2,175$675
24 years$5,890$4,544$3,464$2,614$1,955$569
25 years$5,595$4,265$3,209$2,387$1,759$481
26 years$5,322$4,008$2,976$2,183$1,585$406
27 years$5,070$3,772$2,763$1,998$1,429$343
28 years$4,836$3,554$2,569$1,831$1,289$290
29 years$4,619$3,353$2,391$1,679$1,164$245
30 years$4,417$3,167$2,227$1,541$1,052$207
31 years$4,228$2,994$2,076$1,415$951$175
32 years$4,052$2,832$1,937$1,300$860$148
33 years$3,886$2,682$1,808$1,196$779$126
34 years$3,731$2,542$1,690$1,100$705$106
35 years$3,584$2,411$1,580$1,013$638$90
36 years$3,446$2,289$1,478$933$578$76
37 years$3,316$2,174$1,383$859$524$64
38 years$3,193$2,066$1,295$792$475$55
39 years$3,077$1,964$1,214$730$431$46
40 years$2,967$1,869$1,138$674$391$39
41 years$2,862$1,779$1,067$622$355$33
42 years$2,763$1,694$1,001$574$322$28
43 years$2,668$1,614$939$530$292$24
44 years$2,578$1,539$881$489$265$20
45 years$2,493$1,467$827$452$241$17
46 years$2,411$1,400$777$417$219$14
47 years$2,333$1,336$730$385$198$12
48 years$2,258$1,275$686$356$180$10
49 years$2,187$1,218$645$329$164$9
50 years$2,119$1,163$606$304$149$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,170,000, adding $6,567 every year, while hoping to spend $28,138 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: 33/38/29 Blend
69$2,170,000$2,170,000$2,170,000$2,170,000
70$2,398,114$2,283,104$2,249,469$2,455,969
71$2,612,783$2,365,037$2,294,887$2,582,584
72$2,848,405$2,450,042$2,340,885$2,716,000
73$3,107,088$2,538,240$2,387,450$2,859,246
74$3,391,153$2,629,756$2,434,571$3,013,215
75$3,703,158$2,724,721$2,482,237$3,178,883
76$4,045,919$2,823,272$2,530,431$3,357,327
77$4,422,541$2,925,551$2,579,139$3,549,727
78$4,836,443$3,031,705$2,628,342$3,757,379
79$5,291,390$3,141,889$2,678,022$3,981,709
80$5,791,534$3,256,263$2,728,158$4,224,284
81$6,341,446$3,374,995$2,778,726$4,486,828
82$6,946,163$3,498,259$2,829,703$4,771,233
83$7,611,234$3,626,237$2,881,061$5,079,582
84$8,342,774$3,759,117$2,932,771$5,414,166
85$9,147,520$3,897,097$2,984,802$5,777,503
86$10,032,895$4,040,382$3,037,120$6,172,365
87$11,007,075$4,189,186$3,089,689$6,601,801
88$12,079,074$4,343,733$3,142,470$7,069,165
89$13,258,818$4,504,254$3,195,421$7,578,147
90$14,557,248$4,670,994$3,248,499$8,132,810
91$15,986,418$4,844,203$3,301,654$8,737,623
92$17,559,610$5,024,146$3,354,836$9,397,507
93$19,291,458$5,211,097$3,407,992$10,117,878
94$21,198,089$5,405,343$3,461,062$10,904,695
95$23,297,272$5,607,183$3,513,985$11,764,522
96$25,608,587$5,816,928$3,566,696$12,704,585
97$28,153,607$6,034,902$3,619,126$13,732,837
98$30,956,108$6,261,445$3,671,199$14,858,037
99$34,042,285$6,496,910$3,722,838$16,089,829
100$37,441,004$6,741,665$3,773,960$17,438,833