Can I retire at age 70 with 2,230,000?

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 $2,230,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$184,151$182,511$180,911$179,349$177,823$173,666
2 years$91,164$89,466$87,821$86,225$84,678$80,513
3 years$60,172$58,467$56,826$55,245$53,723$49,680
4 years$44,679$42,980$41,355$39,801$38,316$34,427
5 years$35,386$33,696$32,093$30,571$29,127$25,403
6 years$29,193$27,516$25,936$24,448$23,047$19,492
7 years$24,771$23,108$21,553$20,100$18,744$15,357
8 years$21,455$19,808$18,278$16,861$15,550$12,331
9 years$18,878$17,246$15,743$14,362$13,095$10,041
10 years$16,818$15,202$13,725$12,380$11,158$8,266
11 years$15,133$13,533$12,084$10,775$9,596$6,862
12 years$13,730$12,147$10,724$9,451$8,316$5,735
13 years$12,544$10,977$9,581$8,344$7,251$4,819
14 years$11,528$9,978$8,609$7,407$6,357$4,068
15 years$10,649$9,115$7,772$6,605$5,597$3,446
16 years$9,880$8,363$7,047$5,914$4,946$2,928
17 years$9,202$7,702$6,412$5,314$4,386$2,494
18 years$8,600$7,117$5,854$4,789$3,900$2,129
19 years$8,062$6,596$5,359$4,327$3,476$1,821
20 years$7,579$6,129$4,918$3,919$3,105$1,560
21 years$7,142$5,709$4,524$3,557$2,778$1,338
22 years$6,746$5,329$4,169$3,234$2,490$1,149
23 years$6,384$4,984$3,850$2,945$2,236$987
24 years$6,053$4,670$3,560$2,686$2,009$849
25 years$5,749$4,382$3,297$2,453$1,808$731
26 years$5,469$4,119$3,058$2,243$1,629$629
27 years$5,210$3,876$2,840$2,053$1,468$542
28 years$4,970$3,653$2,640$1,881$1,325$467
29 years$4,747$3,446$2,457$1,725$1,196$403
30 years$4,539$3,254$2,288$1,583$1,081$348
31 years$4,345$3,076$2,133$1,454$977$300
32 years$4,164$2,911$1,990$1,336$884$259
33 years$3,994$2,757$1,858$1,229$800$223
34 years$3,834$2,613$1,736$1,131$724$193
35 years$3,683$2,478$1,623$1,041$656$167
36 years$3,542$2,352$1,519$959$594$144
37 years$3,408$2,234$1,421$883$539$124
38 years$3,282$2,123$1,331$814$488$107
39 years$3,162$2,019$1,247$751$443$93
40 years$3,049$1,921$1,169$692$402$80
41 years$2,941$1,828$1,096$639$365$69
42 years$2,839$1,741$1,028$589$331$60
43 years$2,742$1,659$965$544$300$52
44 years$2,650$1,581$906$502$272$45
45 years$2,561$1,508$850$464$247$39
46 years$2,477$1,439$799$429$225$33
47 years$2,397$1,373$750$396$204$29
48 years$2,321$1,311$705$366$185$25
49 years$2,247$1,252$663$338$168$22
50 years$2,177$1,195$623$313$153$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,230,000, adding $5,130 every year, while hoping to spend $39,595 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: 59/21/20 Blend
69$2,230,000$2,230,000$2,230,000$2,230,000
70$2,462,752$2,344,562$2,309,997$2,594,783
71$2,671,823$2,417,316$2,345,253$2,757,692
72$2,900,894$2,492,309$2,380,363$2,930,508
73$3,151,960$2,569,607$2,415,280$3,118,098
74$3,427,223$2,649,282$2,449,956$3,321,896
75$3,729,107$2,731,403$2,484,336$3,543,484
76$4,060,281$2,816,047$2,518,366$3,784,603
77$4,423,684$2,903,288$2,551,986$4,047,168
78$4,822,556$2,993,205$2,585,134$4,333,289
79$5,260,465$3,085,880$2,617,743$4,645,291
80$5,741,339$3,181,395$2,649,745$4,985,733
81$6,269,508$3,279,836$2,681,064$5,357,433
82$6,849,740$3,381,291$2,711,622$5,763,494
83$7,487,290$3,485,850$2,741,338$6,207,336
84$8,187,945$3,593,608$2,770,123$6,692,724
85$8,958,080$3,704,659$2,797,887$7,223,806
86$9,804,721$3,819,104$2,824,533$7,805,151
87$10,735,605$3,937,043$2,849,958$8,441,793
88$11,759,260$4,058,582$2,874,055$9,139,276
89$12,885,080$4,183,827$2,896,711$9,903,708
90$14,123,414$4,312,891$2,917,807$10,741,819
91$15,485,666$4,445,886$2,937,217$11,661,022
92$16,984,400$4,582,930$2,954,809$12,669,485
93$18,633,459$4,724,144$2,970,446$13,776,208
94$20,448,097$4,869,653$2,983,981$14,991,103
95$22,445,120$5,019,583$2,995,262$16,325,096
96$24,643,046$5,174,066$3,004,127$17,790,223
97$27,062,278$5,333,237$3,010,407$19,399,744
98$29,725,301$5,497,235$3,013,925$21,168,271
99$32,656,885$5,666,204$3,014,495$23,111,905
100$35,884,329$5,840,289$3,011,922$25,248,386