Can I retire at age 70 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$182,500$180,874$179,288$177,740$176,229$170,656
2 years$90,346$88,664$87,033$85,452$83,918$78,354
3 years$59,633$57,943$56,316$54,750$53,241$47,861
4 years$44,279$42,594$40,984$39,444$37,972$32,816
5 years$35,069$33,394$31,805$30,297$28,866$23,948
6 years$28,931$27,269$25,703$24,229$22,841$18,166
7 years$24,548$22,900$21,359$19,920$18,575$14,143
8 years$21,263$19,630$18,115$16,710$15,410$11,217
9 years$18,709$17,091$15,602$14,233$12,978$9,019
10 years$16,667$15,065$13,602$12,269$11,058$7,327
11 years$14,997$13,412$11,975$10,678$9,510$6,001
12 years$13,607$12,038$10,628$9,366$8,241$4,947
13 years$12,432$10,878$9,495$8,269$7,186$4,098
14 years$11,425$9,888$8,531$7,340$6,300$3,410
15 years$10,553$9,033$7,703$6,546$5,547$2,846
16 years$9,791$8,288$6,984$5,861$4,902$2,382
17 years$9,119$7,633$6,355$5,266$4,347$1,999
18 years$8,523$7,053$5,801$4,746$3,865$1,680
19 years$7,990$6,537$5,311$4,288$3,445$1,414
20 years$7,511$6,074$4,874$3,884$3,077$1,192
21 years$7,078$5,658$4,483$3,525$2,753$1,006
22 years$6,685$5,281$4,132$3,205$2,468$850
23 years$6,327$4,940$3,815$2,919$2,216$718
24 years$5,999$4,628$3,528$2,662$1,991$608
25 years$5,698$4,343$3,268$2,431$1,792$514
26 years$5,420$4,082$3,031$2,223$1,614$435
27 years$5,163$3,842$2,814$2,035$1,455$369
28 years$4,926$3,620$2,616$1,864$1,313$313
29 years$4,705$3,415$2,435$1,710$1,186$265
30 years$4,499$3,225$2,268$1,569$1,071$225
31 years$4,306$3,049$2,114$1,441$969$190
32 years$4,126$2,885$1,973$1,324$876$162
33 years$3,958$2,732$1,842$1,218$793$137
34 years$3,799$2,589$1,721$1,120$718$116
35 years$3,650$2,456$1,609$1,031$650$99
36 years$3,510$2,331$1,505$950$589$84
37 years$3,377$2,214$1,409$875$534$71
38 years$3,252$2,104$1,319$807$484$60
39 years$3,134$2,001$1,236$744$439$51
40 years$3,021$1,903$1,158$686$398$43
41 years$2,915$1,812$1,086$633$361$37
42 years$2,814$1,726$1,019$584$328$31
43 years$2,717$1,644$956$539$297$27
44 years$2,626$1,567$898$498$270$23
45 years$2,539$1,494$843$460$245$19
46 years$2,455$1,426$792$425$223$16
47 years$2,376$1,361$744$392$202$14
48 years$2,300$1,299$699$363$184$12
49 years$2,227$1,240$657$335$167$10
50 years$2,158$1,185$618$310$151$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,210,000, adding $5,098 every year, while hoping to spend $44,567 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: 70/18/12 Blend
69$2,210,000$2,210,000$2,210,000$2,210,000
70$2,440,679$2,323,549$2,289,294$2,604,947
71$2,642,209$2,389,984$2,318,566$2,781,020
72$2,862,802$2,458,180$2,347,325$2,967,754
73$3,104,354$2,528,178$2,375,507$3,170,930
74$3,368,955$2,600,016$2,403,044$3,392,157
75$3,658,907$2,673,734$2,429,864$3,633,209
76$3,976,742$2,749,374$2,455,892$3,896,040
77$4,325,253$2,826,976$2,481,047$4,182,801
78$4,707,512$2,906,582$2,505,245$4,495,859
79$5,126,906$2,988,232$2,528,399$4,837,825
80$5,587,164$3,071,969$2,550,413$5,211,570
81$6,092,393$3,157,834$2,571,191$5,620,260
82$6,647,119$3,245,870$2,590,628$6,067,381
83$7,256,326$3,336,118$2,608,615$6,556,772
84$7,925,505$3,428,622$2,625,037$7,092,662
85$8,660,705$3,523,423$2,639,774$7,679,712
86$9,468,590$3,620,563$2,652,699$8,323,053
87$10,356,500$3,720,084$2,663,678$9,028,341
88$11,332,523$3,822,029$2,672,572$9,801,804
89$12,405,570$3,926,438$2,679,233$10,650,307
90$13,585,458$4,033,353$2,683,507$11,581,409
91$14,883,002$4,142,814$2,685,231$12,603,444
92$16,310,117$4,254,861$2,684,236$13,725,588
93$17,879,933$4,369,534$2,680,342$14,957,955
94$19,606,916$4,486,871$2,673,363$16,311,688
95$21,507,002$4,606,908$2,663,102$17,799,064
96$23,597,753$4,729,683$2,649,352$19,433,612
97$25,898,517$4,855,231$2,631,899$21,230,236
98$28,430,614$4,983,585$2,610,515$23,205,361
99$31,217,533$5,114,778$2,584,964$25,377,084
100$34,285,159$5,248,839$2,554,998$27,765,347