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%19.8%
1 years$183,326$181,693$180,099$178,544$177,026$170,069
2 years$90,755$89,065$87,427$85,839$84,298$77,375
3 years$59,902$58,205$56,571$54,998$53,482$46,810
4 years$44,479$42,787$41,169$39,623$38,144$31,773
5 years$35,228$33,545$31,949$30,434$28,996$22,944
6 years$29,062$27,392$25,820$24,338$22,944$17,213
7 years$24,659$23,004$21,456$20,010$18,660$13,249
8 years$21,359$19,719$18,197$16,786$15,480$10,384
9 years$18,794$17,169$15,673$14,298$13,036$8,248
10 years$16,742$15,133$13,664$12,325$11,108$6,617
11 years$15,065$13,472$12,029$10,726$9,553$5,349
12 years$13,669$12,092$10,676$9,408$8,278$4,351
13 years$12,488$10,928$9,538$8,306$7,219$3,556
14 years$11,477$9,933$8,570$7,373$6,328$2,917
15 years$10,601$9,074$7,738$6,576$5,572$2,401
16 years$9,835$8,325$7,015$5,888$4,924$1,981
17 years$9,161$7,667$6,384$5,290$4,366$1,637
18 years$8,562$7,085$5,827$4,768$3,882$1,356
19 years$8,026$6,566$5,335$4,308$3,460$1,124
20 years$7,545$6,102$4,896$3,902$3,091$933
21 years$7,110$5,683$4,503$3,541$2,766$776
22 years$6,715$5,305$4,150$3,220$2,479$645
23 years$6,356$4,962$3,832$2,932$2,226$537
24 years$6,026$4,649$3,544$2,674$2,000$447
25 years$5,724$4,363$3,283$2,442$1,800$372
26 years$5,445$4,100$3,044$2,233$1,621$310
27 years$5,187$3,859$2,827$2,044$1,462$258
28 years$4,948$3,636$2,628$1,873$1,319$215
29 years$4,726$3,430$2,446$1,717$1,191$180
30 years$4,519$3,240$2,278$1,576$1,076$150
31 years$4,326$3,062$2,124$1,448$973$125
32 years$4,145$2,898$1,982$1,330$880$104
33 years$3,976$2,744$1,850$1,223$797$87
34 years$3,817$2,601$1,729$1,126$721$73
35 years$3,667$2,467$1,616$1,036$653$61
36 years$3,526$2,341$1,512$954$592$51
37 years$3,393$2,224$1,415$879$536$42
38 years$3,267$2,113$1,325$810$486$35
39 years$3,148$2,010$1,242$747$441$29
40 years$3,035$1,912$1,164$689$400$25
41 years$2,928$1,820$1,091$636$363$20
42 years$2,826$1,733$1,024$587$329$17
43 years$2,730$1,652$960$542$299$14
44 years$2,638$1,574$902$500$271$12
45 years$2,550$1,501$847$462$246$10
46 years$2,466$1,432$795$427$224$8
47 years$2,387$1,367$747$394$203$7
48 years$2,310$1,305$702$364$184$6
49 years$2,237$1,246$660$337$167$5
50 years$2,167$1,190$620$311$152$4

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 $4,900 every year, while hoping to spend $30,233 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: 74/14/12 Blend
69$2,220,000$2,220,000$2,220,000$2,220,000
70$2,451,494$2,333,834$2,299,424$2,626,630
71$2,669,379$2,416,025$2,344,287$2,825,159
72$2,908,475$2,501,229$2,389,640$3,038,362
73$3,170,913$2,589,563$2,435,467$3,271,122
74$3,459,042$2,681,147$2,481,751$3,525,368
75$3,775,448$2,776,107$2,528,473$3,803,227
76$4,122,980$2,874,573$2,575,613$4,107,039
77$4,504,777$2,976,680$2,623,150$4,439,380
78$4,924,297$3,082,570$2,671,058$4,803,088
79$5,385,349$3,192,390$2,719,312$5,201,288
80$5,892,130$3,306,292$2,767,884$5,637,422
81$6,449,263$3,424,436$2,816,744$6,115,278
82$7,061,842$3,546,987$2,865,859$6,639,033
83$7,735,478$3,674,118$2,915,194$7,213,282
84$8,476,356$3,806,009$2,964,711$7,843,090
85$9,291,286$3,942,845$3,014,371$8,534,035
86$10,187,775$4,084,822$3,064,130$9,292,261
87$11,174,092$4,232,143$3,113,943$10,124,535
88$12,259,350$4,385,018$3,163,760$11,038,314
89$13,453,586$4,543,667$3,213,529$12,041,810
90$14,767,865$4,708,319$3,263,195$13,144,071
91$16,214,373$4,879,212$3,312,698$14,355,064
92$17,806,540$5,056,595$3,361,975$15,685,769
93$19,559,165$5,240,727$3,410,959$17,148,285
94$21,488,554$5,431,876$3,459,579$18,755,937
95$23,612,672$5,630,323$3,507,761$20,523,411
96$25,951,317$5,836,362$3,555,423$22,466,884
97$28,526,304$6,050,296$3,602,483$24,604,178
98$31,361,669$6,272,443$3,648,849$26,954,933
99$34,483,902$6,503,135$3,694,427$29,540,785
100$37,922,187$6,742,716$3,739,117$32,385,574