Can I retire at age 70 with 2,180,000?

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 $2,180,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$180,022$178,419$176,854$175,327$173,836$172,308
2 years$89,120$87,460$85,852$84,292$82,779$81,239
3 years$58,823$57,156$55,552$54,007$52,519$51,014
4 years$43,678$42,016$40,427$38,909$37,457$36,000
5 years$34,593$32,941$31,373$29,886$28,474$27,069
6 years$28,538$26,899$25,354$23,900$22,530$21,179
7 years$24,215$22,590$21,070$19,649$18,323$17,026
8 years$20,974$19,363$17,869$16,483$15,201$13,958
9 years$18,455$16,859$15,390$14,040$12,801$11,612
10 years$16,441$14,861$13,418$12,103$10,907$9,771
11 years$14,794$13,230$11,813$10,533$9,381$8,297
12 years$13,422$11,874$10,483$9,239$8,129$7,097
13 years$12,263$10,731$9,366$8,157$7,089$6,106
14 years$11,270$9,754$8,416$7,240$6,214$5,280
15 years$10,410$8,910$7,598$6,457$5,471$4,585
16 years$9,658$8,175$6,889$5,782$4,836$3,995
17 years$8,996$7,529$6,269$5,195$4,288$3,492
18 years$8,407$6,957$5,722$4,682$3,812$3,060
19 years$7,882$6,448$5,239$4,230$3,398$2,687
20 years$7,409$5,992$4,808$3,831$3,035$2,364
21 years$6,982$5,581$4,422$3,477$2,716$2,083
22 years$6,594$5,210$4,076$3,162$2,435$1,839
23 years$6,241$4,872$3,763$2,879$2,185$1,625
24 years$5,918$4,565$3,480$2,626$1,964$1,437
25 years$5,620$4,284$3,223$2,398$1,768$1,273
26 years$5,347$4,026$2,990$2,193$1,592$1,128
27 years$5,093$3,789$2,776$2,007$1,435$1,000
28 years$4,859$3,571$2,581$1,839$1,295$888
29 years$4,641$3,369$2,402$1,686$1,170$788
30 years$4,438$3,181$2,237$1,548$1,057$700
31 years$4,248$3,007$2,086$1,421$955$622
32 years$4,070$2,846$1,946$1,306$864$553
33 years$3,904$2,695$1,817$1,201$782$492
34 years$3,748$2,554$1,698$1,105$708$438
35 years$3,601$2,422$1,587$1,017$641$390
36 years$3,462$2,299$1,485$937$581$347
37 years$3,332$2,184$1,390$863$527$309
38 years$3,208$2,075$1,301$796$478$275
39 years$3,091$1,973$1,219$734$433$245
40 years$2,980$1,878$1,143$677$393$218
41 years$2,875$1,787$1,072$624$356$195
42 years$2,775$1,702$1,005$576$323$173
43 years$2,681$1,622$943$532$293$155
44 years$2,590$1,546$885$491$266$138
45 years$2,504$1,474$831$454$242$123
46 years$2,422$1,406$781$419$220$110
47 years$2,344$1,342$734$387$199$98
48 years$2,269$1,281$689$358$181$87
49 years$2,197$1,223$648$331$164$78
50 years$2,128$1,169$609$306$149$69

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,180,000, adding $3,413 every year, while hoping to spend $50,962 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: 69/12/19 Blend
69$2,180,000$2,180,000$2,180,000$2,180,000
70$2,405,881$2,290,341$2,256,551$2,560,508
71$2,597,057$2,348,344$2,277,922$2,722,144
72$2,806,026$2,407,482$2,298,301$2,892,627
73$3,034,547$2,467,755$2,317,601$3,077,913
74$3,284,561$2,529,165$2,335,730$3,279,458
75$3,558,201$2,591,709$2,352,592$3,498,868
76$3,857,819$2,655,384$2,368,086$3,737,909
77$4,186,003$2,720,185$2,382,103$3,998,528
78$4,545,605$2,786,104$2,394,533$4,282,871
79$4,939,764$2,853,130$2,405,258$4,593,300
80$5,371,939$2,921,252$2,414,152$4,932,420
81$5,845,937$2,990,453$2,421,086$5,303,098
82$6,365,954$3,060,717$2,425,924$5,708,495
83$6,936,610$3,132,021$2,428,521$6,152,095
84$7,562,995$3,204,340$2,428,728$6,637,734
85$8,250,715$3,277,648$2,426,384$7,169,642
86$9,005,945$3,351,910$2,421,326$7,752,477
87$9,835,490$3,427,092$2,413,378$8,391,374
88$10,746,842$3,503,152$2,402,359$9,091,990
89$11,748,259$3,580,045$2,388,077$9,860,561
90$12,848,835$3,657,721$2,370,331$10,703,957
91$14,058,591$3,736,124$2,348,912$11,629,749
92$15,388,566$3,815,192$2,323,599$12,646,281
93$16,850,922$3,894,859$2,294,162$13,762,746
94$18,459,059$3,975,051$2,260,360$14,989,278
95$20,227,741$4,055,686$2,221,940$16,337,042
96$22,173,233$4,136,677$2,178,637$17,818,344
97$24,313,456$4,217,928$2,130,175$19,446,745
98$26,668,157$4,299,334$2,076,264$21,237,189
99$29,259,091$4,380,783$2,016,601$23,206,147
100$32,110,229$4,462,153$1,950,868$25,371,767