Can I retire at age 70 with 2,240,000?

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 $2,240,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$184,977$183,329$181,722$180,153$178,621$174,800
2 years$91,573$89,867$88,215$86,612$85,057$81,227
3 years$60,442$58,729$57,081$55,493$53,964$50,243
4 years$44,880$43,172$41,540$39,980$38,488$34,905
5 years$35,545$33,848$32,237$30,708$29,258$25,823
6 years$29,324$27,639$26,052$24,558$23,151$19,868
7 years$24,882$23,211$21,649$20,190$18,828$15,698
8 years$21,552$19,896$18,360$16,937$15,619$12,641
9 years$18,963$17,323$15,814$14,427$13,154$10,325
10 years$16,893$15,270$13,787$12,436$11,208$8,526
11 years$15,201$13,594$12,138$10,823$9,639$7,100
12 years$13,792$12,201$10,772$9,493$8,353$5,953
13 years$12,600$11,026$9,624$8,381$7,284$5,019
14 years$11,580$10,022$8,647$7,440$6,385$4,251
15 years$10,696$9,156$7,807$6,635$5,622$3,614
16 years$9,924$8,400$7,078$5,941$4,969$3,082
17 years$9,243$7,736$6,441$5,338$4,406$2,635
18 years$8,639$7,149$5,880$4,810$3,917$2,258
19 years$8,099$6,625$5,383$4,347$3,491$1,938
20 years$7,613$6,157$4,940$3,937$3,119$1,666
21 years$7,174$5,735$4,544$3,573$2,791$1,435
22 years$6,776$5,353$4,188$3,249$2,502$1,236
23 years$6,413$5,007$3,867$2,959$2,246$1,067
24 years$6,080$4,691$3,576$2,698$2,018$921
25 years$5,775$4,402$3,312$2,464$1,816$796
26 years$5,494$4,137$3,072$2,253$1,636$688
27 years$5,234$3,894$2,853$2,062$1,475$595
28 years$4,992$3,669$2,652$1,890$1,331$515
29 years$4,768$3,461$2,468$1,733$1,202$446
30 years$4,560$3,269$2,299$1,590$1,086$386
31 years$4,365$3,090$2,143$1,461$982$335
32 years$4,182$2,924$1,999$1,342$888$290
33 years$4,012$2,769$1,867$1,234$804$252
34 years$3,851$2,624$1,744$1,136$728$218
35 years$3,700$2,489$1,631$1,045$659$189
36 years$3,558$2,363$1,526$963$597$164
37 years$3,423$2,244$1,428$887$541$142
38 years$3,296$2,132$1,337$818$491$123
39 years$3,176$2,028$1,253$754$445$107
40 years$3,062$1,929$1,174$695$404$93
41 years$2,954$1,836$1,101$642$366$81
42 years$2,852$1,749$1,033$592$332$70
43 years$2,754$1,666$969$547$302$61
44 years$2,661$1,588$910$505$274$53
45 years$2,573$1,515$854$466$248$46
46 years$2,489$1,445$802$431$226$40
47 years$2,408$1,379$754$398$205$34
48 years$2,331$1,316$708$368$186$30
49 years$2,257$1,257$666$340$169$26
50 years$2,187$1,201$626$314$153$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,240,000, adding $3,800 every year, while hoping to spend $49,069 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: 48/26/26 Blend
69$2,240,000$2,240,000$2,240,000$2,240,000
70$2,472,400$2,353,680$2,318,960$2,572,595
71$2,672,375$2,416,801$2,344,436$2,706,387
72$2,891,104$2,481,371$2,369,121$2,846,446
73$3,130,447$2,547,408$2,392,936$2,997,578
74$3,392,452$2,614,931$2,415,800$3,160,852
75$3,679,378$2,683,958$2,437,624$3,337,442
76$3,993,708$2,754,505$2,458,318$3,528,643
77$4,338,179$2,826,589$2,477,785$3,735,880
78$4,715,805$2,900,224$2,495,923$3,960,726
79$5,129,906$2,975,423$2,512,625$4,204,911
80$5,584,137$3,052,200$2,527,779$4,470,341
81$6,082,526$3,130,565$2,541,266$4,759,120
82$6,629,508$3,210,527$2,552,963$5,073,561
83$7,229,969$3,292,094$2,562,738$5,416,217
84$7,889,291$3,375,271$2,570,455$5,789,899
85$8,613,403$3,460,063$2,575,969$6,197,706
86$9,408,835$3,546,471$2,579,129$6,643,053
87$10,282,782$3,634,495$2,579,776$7,129,702
88$11,243,171$3,724,130$2,577,743$7,661,800
89$12,298,733$3,815,371$2,572,856$8,243,918
90$13,459,088$3,908,208$2,564,931$8,881,093
91$14,734,835$4,002,630$2,553,777$9,578,876
92$16,137,650$4,098,621$2,539,190$10,343,386
93$17,680,397$4,196,161$2,520,960$11,181,364
94$19,377,252$4,295,227$2,498,866$12,100,244
95$21,243,829$4,395,791$2,472,676$13,108,215
96$23,297,335$4,497,820$2,442,146$14,214,305
97$25,556,728$4,601,278$2,407,023$15,428,464
98$28,042,896$4,706,122$2,367,039$16,761,658
99$30,778,853$4,812,303$2,321,917$18,225,972
100$33,789,958$4,919,769$2,271,364$19,834,728