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%17.7%
1 years$183,326$181,693$180,099$178,544$177,026$171,497
2 years$90,755$89,065$87,427$85,839$84,298$78,777
3 years$59,902$58,205$56,571$54,998$53,482$48,142
4 years$44,479$42,787$41,169$39,623$38,144$33,025
5 years$35,228$33,545$31,949$30,434$28,996$24,114
6 years$29,062$27,392$25,820$24,338$22,944$18,301
7 years$24,659$23,004$21,456$20,010$18,660$14,256
8 years$21,359$19,719$18,197$16,786$15,480$11,313
9 years$18,794$17,169$15,673$14,298$13,036$9,102
10 years$16,742$15,133$13,664$12,325$11,108$7,400
11 years$15,065$13,472$12,029$10,726$9,553$6,064
12 years$13,669$12,092$10,676$9,408$8,278$5,002
13 years$12,488$10,928$9,538$8,306$7,219$4,147
14 years$11,477$9,933$8,570$7,373$6,328$3,453
15 years$10,601$9,074$7,738$6,576$5,572$2,884
16 years$9,835$8,325$7,015$5,888$4,924$2,416
17 years$9,161$7,667$6,384$5,290$4,366$2,028
18 years$8,562$7,085$5,827$4,768$3,882$1,706
19 years$8,026$6,566$5,335$4,308$3,460$1,437
20 years$7,545$6,102$4,896$3,902$3,091$1,213
21 years$7,110$5,683$4,503$3,541$2,766$1,024
22 years$6,715$5,305$4,150$3,220$2,479$866
23 years$6,356$4,962$3,832$2,932$2,226$732
24 years$6,026$4,649$3,544$2,674$2,000$620
25 years$5,724$4,363$3,283$2,442$1,800$525
26 years$5,445$4,100$3,044$2,233$1,621$445
27 years$5,187$3,859$2,827$2,044$1,462$377
28 years$4,948$3,636$2,628$1,873$1,319$320
29 years$4,726$3,430$2,446$1,717$1,191$271
30 years$4,519$3,240$2,278$1,576$1,076$230
31 years$4,326$3,062$2,124$1,448$973$195
32 years$4,145$2,898$1,982$1,330$880$166
33 years$3,976$2,744$1,850$1,223$797$141
34 years$3,817$2,601$1,729$1,126$721$120
35 years$3,667$2,467$1,616$1,036$653$102
36 years$3,526$2,341$1,512$954$592$86
37 years$3,393$2,224$1,415$879$536$73
38 years$3,267$2,113$1,325$810$486$62
39 years$3,148$2,010$1,242$747$441$53
40 years$3,035$1,912$1,164$689$400$45
41 years$2,928$1,820$1,091$636$363$38
42 years$2,826$1,733$1,024$587$329$32
43 years$2,730$1,652$960$542$299$27
44 years$2,638$1,574$902$500$271$23
45 years$2,550$1,501$847$462$246$20
46 years$2,466$1,432$795$427$224$17
47 years$2,387$1,367$747$394$203$14
48 years$2,310$1,305$702$364$184$12
49 years$2,237$1,246$660$337$167$10
50 years$2,167$1,190$620$311$152$9

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 $6,968 every year, while hoping to spend $22,988 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: 80/10/10 Blend
69$2,220,000$2,220,000$2,220,000$2,220,000
70$2,453,627$2,335,967$2,301,557$2,645,381
71$2,679,438$2,425,971$2,354,201$2,862,182
72$2,927,512$2,519,614$2,407,837$3,096,319
73$3,200,094$2,617,051$2,462,475$3,352,566
74$3,499,659$2,718,442$2,518,124$3,633,124
75$3,828,935$2,823,956$2,574,792$3,940,415
76$4,190,924$2,933,768$2,632,485$4,277,105
77$4,588,937$3,048,061$2,691,212$4,646,132
78$5,026,619$3,167,027$2,750,978$5,050,733
79$5,507,987$3,290,864$2,811,789$5,494,468
80$6,037,468$3,419,783$2,873,650$5,981,264
81$6,619,937$3,553,999$2,936,564$6,515,441
82$7,260,767$3,693,742$3,000,536$7,101,762
83$7,965,878$3,839,248$3,065,567$7,745,470
84$8,741,793$3,990,766$3,131,658$8,452,342
85$9,595,698$4,148,556$3,198,811$9,228,740
86$10,535,511$4,312,888$3,267,023$10,081,675
87$11,569,959$4,484,045$3,336,295$11,018,868
88$12,708,656$4,662,323$3,406,621$12,048,826
89$13,962,193$4,848,032$3,477,997$13,180,920
90$15,342,246$5,041,494$3,550,419$14,425,474
91$16,861,674$5,243,047$3,623,877$15,793,862
92$18,534,652$5,453,043$3,698,364$17,298,615
93$20,376,796$5,671,852$3,773,869$18,953,538
94$22,405,314$5,899,857$3,850,378$20,773,841
95$24,639,168$6,137,463$3,927,878$22,776,283
96$27,099,254$6,385,089$4,006,353$24,979,327
97$29,808,596$6,643,176$4,085,784$27,403,315
98$32,792,565$6,912,184$4,166,150$30,070,662
99$36,079,119$7,192,593$4,247,428$33,006,063
100$39,699,065$7,484,906$4,329,593$36,236,728