Can I retire at age 70 with 2,250,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$185,803$184,148$182,533$180,957$179,418$173,397
2 years$91,982$90,269$88,608$86,999$85,437$79,431
3 years$60,712$58,991$57,335$55,741$54,205$48,401
4 years$45,080$43,365$41,726$40,158$38,659$33,103
5 years$35,704$33,999$32,381$30,845$29,388$24,094
6 years$29,455$27,762$26,168$24,667$23,254$18,226
7 years$24,993$23,315$21,746$20,280$18,912$14,150
8 years$21,648$19,985$18,442$17,013$15,689$11,189
9 years$19,048$17,401$15,884$14,491$13,212$8,969
10 years$16,969$15,338$13,848$12,491$11,258$7,264
11 years$15,269$13,654$12,192$10,871$9,682$5,930
12 years$13,853$12,255$10,820$9,536$8,390$4,872
13 years$12,657$11,075$9,667$8,418$7,316$4,023
14 years$11,632$10,067$8,686$7,473$6,414$3,335
15 years$10,744$9,197$7,842$6,665$5,647$2,774
16 years$9,968$8,438$7,110$5,967$4,991$2,314
17 years$9,285$7,771$6,470$5,362$4,425$1,934
18 years$8,677$7,181$5,906$4,832$3,935$1,620
19 years$8,135$6,655$5,407$4,366$3,507$1,358
20 years$7,647$6,184$4,962$3,954$3,133$1,141
21 years$7,206$5,760$4,564$3,589$2,803$959
22 years$6,806$5,377$4,207$3,263$2,513$807
23 years$6,441$5,029$3,884$2,972$2,256$679
24 years$6,108$4,712$3,592$2,710$2,027$572
25 years$5,801$4,422$3,327$2,475$1,824$482
26 years$5,518$4,156$3,086$2,263$1,643$407
27 years$5,257$3,911$2,865$2,072$1,482$343
28 years$5,015$3,685$2,664$1,898$1,337$290
29 years$4,790$3,477$2,479$1,741$1,207$244
30 years$4,580$3,283$2,309$1,597$1,091$206
31 years$4,384$3,104$2,152$1,467$986$174
32 years$4,201$2,937$2,008$1,348$892$147
33 years$4,029$2,781$1,875$1,240$807$124
34 years$3,868$2,636$1,752$1,141$731$105
35 years$3,716$2,500$1,638$1,050$662$89
36 years$3,574$2,373$1,532$967$600$75
37 years$3,439$2,254$1,434$891$544$63
38 years$3,311$2,142$1,343$821$493$54
39 years$3,190$2,037$1,258$757$447$45
40 years$3,076$1,938$1,179$699$405$38
41 years$2,968$1,845$1,106$644$368$32
42 years$2,865$1,757$1,037$595$334$27
43 years$2,767$1,674$973$549$303$23
44 years$2,673$1,596$914$507$275$20
45 years$2,584$1,522$858$468$250$16
46 years$2,500$1,451$806$432$227$14
47 years$2,419$1,385$757$400$206$12
48 years$2,341$1,322$711$369$187$10
49 years$2,268$1,263$669$341$170$8
50 years$2,197$1,206$629$315$154$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,250,000, adding $6,986 every year, while hoping to spend $38,698 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: 32/47/21 Blend
69$2,250,000$2,250,000$2,250,000$2,250,000
70$2,486,706$2,367,456$2,332,581$2,549,939
71$2,699,176$2,442,287$2,369,548$2,672,815
72$2,932,020$2,519,488$2,406,457$2,801,079
73$3,187,277$2,599,133$2,443,264$2,938,433
74$3,467,190$2,681,302$2,479,924$3,085,696
75$3,774,231$2,766,073$2,516,389$3,243,769
76$4,111,122$2,853,529$2,552,607$3,413,641
77$4,480,860$2,943,757$2,588,524$3,596,401
78$4,886,750$3,036,843$2,624,081$3,793,244
79$5,332,430$3,132,879$2,659,219$4,005,484
80$5,821,906$3,231,959$2,693,871$4,234,567
81$6,359,594$3,334,179$2,727,970$4,482,083
82$6,950,358$3,439,639$2,761,442$4,749,781
83$7,599,556$3,548,442$2,794,211$5,039,584
84$8,313,090$3,660,695$2,826,197$5,353,608
85$9,097,463$3,776,507$2,857,313$5,694,183
86$9,959,840$3,895,992$2,887,468$6,063,872
87$10,908,115$4,019,267$2,916,569$6,465,495
88$11,950,983$4,146,451$2,944,515$6,902,157
89$13,098,026$4,277,670$2,971,199$7,377,274
90$14,359,801$4,413,052$2,996,511$7,894,609
91$15,747,939$4,552,730$3,020,332$8,458,305
92$17,275,256$4,696,841$3,042,540$9,072,919
93$18,955,871$4,845,525$3,063,004$9,743,474
94$20,805,343$4,998,928$3,081,587$10,475,499
95$22,840,814$5,157,202$3,098,147$11,275,081
96$25,081,172$5,320,501$3,112,530$12,148,925
97$27,547,231$5,488,985$3,124,580$13,104,416
98$30,261,924$5,662,820$3,134,128$14,149,685
99$33,250,518$5,842,176$3,140,999$15,293,690
100$36,540,858$6,027,230$3,145,010$16,546,297