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%18.6%
1 years$183,326$181,693$180,099$178,544$177,026$170,881
2 years$90,755$89,065$87,427$85,839$84,298$78,171
3 years$59,902$58,205$56,571$54,998$53,482$47,565
4 years$44,479$42,787$41,169$39,623$38,144$32,482
5 years$35,228$33,545$31,949$30,434$28,996$23,605
6 years$29,062$27,392$25,820$24,338$22,944$17,826
7 years$24,659$23,004$21,456$20,010$18,660$13,815
8 years$21,359$19,719$18,197$16,786$15,480$10,905
9 years$18,794$17,169$15,673$14,298$13,036$8,726
10 years$16,742$15,133$13,664$12,325$11,108$7,053
11 years$15,065$13,472$12,029$10,726$9,553$5,747
12 years$13,669$12,092$10,676$9,408$8,278$4,712
13 years$12,488$10,928$9,538$8,306$7,219$3,883
14 years$11,477$9,933$8,570$7,373$6,328$3,212
15 years$10,601$9,074$7,738$6,576$5,572$2,666
16 years$9,835$8,325$7,015$5,888$4,924$2,219
17 years$9,161$7,667$6,384$5,290$4,366$1,851
18 years$8,562$7,085$5,827$4,768$3,882$1,546
19 years$8,026$6,566$5,335$4,308$3,460$1,294
20 years$7,545$6,102$4,896$3,902$3,091$1,084
21 years$7,110$5,683$4,503$3,541$2,766$909
22 years$6,715$5,305$4,150$3,220$2,479$763
23 years$6,356$4,962$3,832$2,932$2,226$641
24 years$6,026$4,649$3,544$2,674$2,000$539
25 years$5,724$4,363$3,283$2,442$1,800$453
26 years$5,445$4,100$3,044$2,233$1,621$381
27 years$5,187$3,859$2,827$2,044$1,462$321
28 years$4,948$3,636$2,628$1,873$1,319$270
29 years$4,726$3,430$2,446$1,717$1,191$227
30 years$4,519$3,240$2,278$1,576$1,076$192
31 years$4,326$3,062$2,124$1,448$973$161
32 years$4,145$2,898$1,982$1,330$880$136
33 years$3,976$2,744$1,850$1,223$797$115
34 years$3,817$2,601$1,729$1,126$721$97
35 years$3,667$2,467$1,616$1,036$653$81
36 years$3,526$2,341$1,512$954$592$69
37 years$3,393$2,224$1,415$879$536$58
38 years$3,267$2,113$1,325$810$486$49
39 years$3,148$2,010$1,242$747$441$41
40 years$3,035$1,912$1,164$689$400$35
41 years$2,928$1,820$1,091$636$363$29
42 years$2,826$1,733$1,024$587$329$25
43 years$2,730$1,652$960$542$299$21
44 years$2,638$1,574$902$500$271$17
45 years$2,550$1,501$847$462$246$15
46 years$2,466$1,432$795$427$224$12
47 years$2,387$1,367$747$394$203$10
48 years$2,310$1,305$702$364$184$9
49 years$2,237$1,246$660$337$167$7
50 years$2,167$1,190$620$311$152$6

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 $2,084 every year, while hoping to spend $46,131 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: 41/43/16 Blend
69$2,220,000$2,220,000$2,220,000$2,220,000
70$2,448,590$2,330,930$2,296,520$2,537,340
71$2,649,263$2,396,062$2,324,370$2,665,489
72$2,868,858$2,462,840$2,351,607$2,799,438
73$3,109,258$2,531,295$2,378,162$2,943,434
74$3,372,533$2,601,460$2,403,962$3,098,414
75$3,660,966$2,673,365$2,428,928$3,265,412
76$3,977,068$2,747,044$2,452,981$3,445,565
77$4,323,607$2,822,528$2,476,034$3,640,122
78$4,703,631$2,899,847$2,497,998$3,850,460
79$5,120,497$2,979,035$2,518,776$4,078,094
80$5,577,901$3,060,121$2,538,268$4,324,693
81$6,079,916$3,143,137$2,556,370$4,592,092
82$6,631,029$3,228,112$2,572,969$4,882,314
83$7,236,181$3,315,076$2,587,950$5,197,586
84$7,900,814$3,404,058$2,601,190$5,540,360
85$8,630,927$3,495,086$2,612,559$5,913,338
86$9,433,124$3,588,188$2,621,923$6,319,493
87$10,314,683$3,683,390$2,629,138$6,762,103
88$11,283,622$3,780,717$2,634,055$7,244,777
89$12,348,773$3,880,194$2,636,517$7,771,491
90$13,519,868$3,981,843$2,636,360$8,346,624
91$14,807,627$4,085,686$2,633,411$8,975,002
92$16,223,863$4,191,742$2,627,488$9,661,941
93$17,781,589$4,300,029$2,618,401$10,413,298
94$19,495,144$4,410,564$2,605,951$11,235,525
95$21,380,327$4,523,360$2,589,928$12,135,733
96$23,454,543$4,638,428$2,570,114$13,121,755
97$25,736,973$4,755,777$2,546,279$14,202,223
98$28,248,747$4,875,413$2,518,182$15,386,648
99$31,013,151$4,997,339$2,485,573$16,685,509
100$34,055,839$5,121,556$2,448,186$18,110,356