Can I retire at age 70 with 2,220,000?

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 $2,220,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$183,326$181,693$180,099$178,544$177,026$172,746
2 years$90,755$89,065$87,427$85,839$84,298$80,012
3 years$59,902$58,205$56,571$54,998$53,482$49,324
4 years$44,479$42,787$41,169$39,623$38,144$34,145
5 years$35,228$33,545$31,949$30,434$28,996$25,169
6 years$29,062$27,392$25,820$24,338$22,944$19,291
7 years$24,659$23,004$21,456$20,010$18,660$15,182
8 years$21,359$19,719$18,197$16,786$15,480$12,176
9 years$18,794$17,169$15,673$14,298$13,036$9,903
10 years$16,742$15,133$13,664$12,325$11,108$8,142
11 years$15,065$13,472$12,029$10,726$9,553$6,750
12 years$13,669$12,092$10,676$9,408$8,278$5,634
13 years$12,488$10,928$9,538$8,306$7,219$4,728
14 years$11,477$9,933$8,570$7,373$6,328$3,985
15 years$10,601$9,074$7,738$6,576$5,572$3,372
16 years$9,835$8,325$7,015$5,888$4,924$2,861
17 years$9,161$7,667$6,384$5,290$4,366$2,434
18 years$8,562$7,085$5,827$4,768$3,882$2,075
19 years$8,026$6,566$5,335$4,308$3,460$1,772
20 years$7,545$6,102$4,896$3,902$3,091$1,515
21 years$7,110$5,683$4,503$3,541$2,766$1,297
22 years$6,715$5,305$4,150$3,220$2,479$1,112
23 years$6,356$4,962$3,832$2,932$2,226$954
24 years$6,026$4,649$3,544$2,674$2,000$820
25 years$5,724$4,363$3,283$2,442$1,800$704
26 years$5,445$4,100$3,044$2,233$1,621$605
27 years$5,187$3,859$2,827$2,044$1,462$521
28 years$4,948$3,636$2,628$1,873$1,319$448
29 years$4,726$3,430$2,446$1,717$1,191$386
30 years$4,519$3,240$2,278$1,576$1,076$332
31 years$4,326$3,062$2,124$1,448$973$286
32 years$4,145$2,898$1,982$1,330$880$247
33 years$3,976$2,744$1,850$1,223$797$213
34 years$3,817$2,601$1,729$1,126$721$183
35 years$3,667$2,467$1,616$1,036$653$158
36 years$3,526$2,341$1,512$954$592$136
37 years$3,393$2,224$1,415$879$536$117
38 years$3,267$2,113$1,325$810$486$101
39 years$3,148$2,010$1,242$747$441$87
40 years$3,035$1,912$1,164$689$400$75
41 years$2,928$1,820$1,091$636$363$65
42 years$2,826$1,733$1,024$587$329$56
43 years$2,730$1,652$960$542$299$48
44 years$2,638$1,574$902$500$271$42
45 years$2,550$1,501$847$462$246$36
46 years$2,466$1,432$795$427$224$31
47 years$2,387$1,367$747$394$203$27
48 years$2,310$1,305$702$364$184$23
49 years$2,237$1,246$660$337$167$20
50 years$2,167$1,190$620$311$152$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,220,000, adding $2,464 every year, while hoping to spend $50,985 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: 72/14/14 Blend
69$2,220,000$2,220,000$2,220,000$2,220,000
70$2,448,982$2,331,322$2,296,912$2,617,622
71$2,644,530$2,391,309$2,319,611$2,789,699
72$2,858,316$2,452,526$2,341,361$2,971,607
73$3,092,145$2,514,981$2,362,078$3,169,456
74$3,348,006$2,578,678$2,381,670$3,384,811
75$3,628,090$2,643,621$2,400,043$3,619,396
76$3,934,808$2,709,811$2,417,098$3,875,111
77$4,270,816$2,777,249$2,432,728$4,154,048
78$4,639,039$2,845,933$2,446,823$4,458,512
79$5,042,697$2,915,860$2,459,268$4,791,041
80$5,485,338$2,987,023$2,469,939$5,154,431
81$5,970,869$3,059,414$2,478,709$5,551,763
82$6,503,595$3,133,022$2,485,443$5,986,432
83$7,088,255$3,207,834$2,489,998$6,462,174
84$7,730,071$3,283,832$2,492,227$6,983,111
85$8,434,795$3,360,996$2,491,974$7,553,780
86$9,208,762$3,439,304$2,489,074$8,179,182
87$10,058,954$3,518,727$2,483,355$8,864,826
88$10,993,058$3,599,236$2,474,639$9,616,783
89$12,019,546$3,680,795$2,462,735$10,441,741
90$13,147,750$3,763,363$2,447,446$11,347,070
91$14,387,949$3,846,897$2,428,565$12,340,892
92$15,751,472$3,931,347$2,405,874$13,432,154
93$17,250,796$4,016,657$2,379,145$14,630,718
94$18,899,671$4,102,767$2,348,139$15,947,448
95$20,713,243$4,189,609$2,312,608$17,394,318
96$22,708,203$4,277,108$2,272,290$18,984,522
97$24,902,939$4,365,185$2,226,910$20,732,597
98$27,317,710$4,453,751$2,176,183$22,654,565
99$29,974,840$4,542,708$2,119,809$24,768,081
100$32,898,925$4,631,952$2,057,474$27,092,601