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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$180,022$178,419$176,854$175,327$173,836$171,027
2 years$89,120$87,460$85,852$84,292$82,779$79,956
3 years$58,823$57,156$55,552$54,007$52,519$49,770
4 years$43,678$42,016$40,427$38,909$37,457$34,804
5 years$34,593$32,941$31,373$29,886$28,474$25,925
6 years$28,538$26,899$25,354$23,900$22,530$20,088
7 years$24,215$22,590$21,070$19,649$18,323$15,988
8 years$20,974$19,363$17,869$16,483$15,201$12,972
9 years$18,455$16,859$15,390$14,040$12,801$10,678
10 years$16,441$14,861$13,418$12,103$10,907$8,888
11 years$14,794$13,230$11,813$10,533$9,381$7,462
12 years$13,422$11,874$10,483$9,239$8,129$6,310
13 years$12,263$10,731$9,366$8,157$7,089$5,366
14 years$11,270$9,754$8,416$7,240$6,214$4,585
15 years$10,410$8,910$7,598$6,457$5,471$3,933
16 years$9,658$8,175$6,889$5,782$4,836$3,385
17 years$8,996$7,529$6,269$5,195$4,288$2,921
18 years$8,407$6,957$5,722$4,682$3,812$2,526
19 years$7,882$6,448$5,239$4,230$3,398$2,190
20 years$7,409$5,992$4,808$3,831$3,035$1,901
21 years$6,982$5,581$4,422$3,477$2,716$1,653
22 years$6,594$5,210$4,076$3,162$2,435$1,439
23 years$6,241$4,872$3,763$2,879$2,185$1,254
24 years$5,918$4,565$3,480$2,626$1,964$1,094
25 years$5,620$4,284$3,223$2,398$1,768$955
26 years$5,347$4,026$2,990$2,193$1,592$835
27 years$5,093$3,789$2,776$2,007$1,435$730
28 years$4,859$3,571$2,581$1,839$1,295$638
29 years$4,641$3,369$2,402$1,686$1,170$558
30 years$4,438$3,181$2,237$1,548$1,057$489
31 years$4,248$3,007$2,086$1,421$955$428
32 years$4,070$2,846$1,946$1,306$864$375
33 years$3,904$2,695$1,817$1,201$782$329
34 years$3,748$2,554$1,698$1,105$708$288
35 years$3,601$2,422$1,587$1,017$641$253
36 years$3,462$2,299$1,485$937$581$221
37 years$3,332$2,184$1,390$863$527$194
38 years$3,208$2,075$1,301$796$478$170
39 years$3,091$1,973$1,219$734$433$149
40 years$2,980$1,878$1,143$677$393$131
41 years$2,875$1,787$1,072$624$356$115
42 years$2,775$1,702$1,005$576$323$101
43 years$2,681$1,622$943$532$293$89
44 years$2,590$1,546$885$491$266$78
45 years$2,504$1,474$831$454$242$68
46 years$2,422$1,406$781$419$220$60
47 years$2,344$1,342$734$387$199$53
48 years$2,269$1,281$689$358$181$46
49 years$2,197$1,223$648$331$164$40
50 years$2,128$1,169$609$306$149$36

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 $5,569 every year, while hoping to spend $52,196 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: 49/36/15 Blend
69$2,180,000$2,180,000$2,180,000$2,180,000
70$2,408,104$2,292,564$2,258,774$2,515,841
71$2,598,195$2,349,364$2,278,907$2,647,509
72$2,805,925$2,407,197$2,297,965$2,784,601
73$3,033,040$2,466,060$2,315,857$2,932,372
74$3,281,458$2,525,945$2,332,487$3,091,841
75$3,553,296$2,586,845$2,347,754$3,264,133
76$3,850,880$2,648,749$2,361,552$3,450,483
77$4,176,775$2,711,643$2,373,769$3,652,253
78$4,533,805$2,775,512$2,384,289$3,870,945
79$4,925,077$2,840,337$2,392,987$4,108,211
80$5,354,018$2,906,096$2,399,735$4,365,873
81$5,824,398$2,972,765$2,404,396$4,645,936
82$6,340,371$3,040,314$2,406,827$4,950,611
83$6,906,512$3,108,714$2,406,880$5,282,333
84$7,527,862$3,177,926$2,404,396$5,643,787
85$8,209,972$3,247,912$2,399,211$6,037,928
86$8,958,956$3,318,627$2,391,152$6,468,016
87$9,781,551$3,390,021$2,380,037$6,937,641
88$10,685,177$3,462,040$2,365,676$7,450,761
89$11,678,010$3,534,624$2,347,870$8,011,736
90$12,769,053$3,607,708$2,326,411$8,625,373
91$13,968,230$3,681,219$2,301,079$9,296,967
92$15,286,470$3,755,079$2,271,645$10,032,356
93$16,735,815$3,829,203$2,237,870$10,837,973
94$18,329,532$3,903,498$2,199,503$11,720,909
95$20,082,238$3,977,863$2,156,280$12,688,977
96$22,010,038$4,052,190$2,107,927$13,750,791
97$24,130,674$4,126,360$2,054,155$14,915,842
98$26,463,698$4,200,246$1,994,664$16,194,592
99$29,030,648$4,273,711$1,929,138$17,598,573
100$31,855,258$4,346,607$1,857,249$19,140,492