Can I retire at age 70 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$186,629$184,966$183,344$181,761$180,216$173,683
2 years$92,390$90,670$89,002$87,385$85,817$79,307
3 years$60,982$59,254$57,590$55,989$54,446$48,164
4 years$45,281$43,558$41,911$40,337$38,831$32,825
5 years$35,862$34,150$32,525$30,982$29,519$23,803
6 years$29,585$27,886$26,285$24,777$23,357$17,937
7 years$25,104$23,419$21,843$20,370$18,996$13,869
8 years$21,744$20,074$18,524$17,088$15,759$10,922
9 years$19,132$17,478$15,955$14,555$13,271$8,718
10 years$17,044$15,406$13,910$12,547$11,308$7,029
11 years$15,337$13,715$12,246$10,920$9,725$5,713
12 years$13,915$12,310$10,868$9,578$8,427$4,671
13 years$12,713$11,125$9,710$8,456$7,349$3,839
14 years$11,683$10,112$8,724$7,506$6,442$3,167
15 years$10,792$9,237$7,877$6,694$5,672$2,621
16 years$10,013$8,475$7,142$5,994$5,013$2,175
17 years$9,326$7,805$6,499$5,385$4,445$1,809
18 years$8,716$7,212$5,932$4,853$3,952$1,507
19 years$8,171$6,684$5,431$4,385$3,523$1,257
20 years$7,681$6,211$4,984$3,972$3,146$1,050
21 years$7,238$5,786$4,584$3,605$2,816$878
22 years$6,836$5,401$4,225$3,278$2,524$735
23 years$6,470$5,051$3,901$2,985$2,266$615
24 years$6,135$4,733$3,608$2,722$2,036$515
25 years$5,827$4,441$3,342$2,486$1,832$432
26 years$5,543$4,174$3,099$2,273$1,651$362
27 years$5,280$3,928$2,878$2,081$1,488$304
28 years$5,037$3,702$2,675$1,906$1,343$255
29 years$4,811$3,492$2,490$1,748$1,213$214
30 years$4,600$3,298$2,319$1,604$1,096$180
31 years$4,404$3,118$2,162$1,474$991$151
32 years$4,220$2,950$2,017$1,354$896$127
33 years$4,047$2,794$1,883$1,245$811$106
34 years$3,885$2,648$1,760$1,146$734$89
35 years$3,733$2,511$1,645$1,055$665$75
36 years$3,589$2,384$1,539$971$602$63
37 years$3,454$2,264$1,441$895$546$53
38 years$3,326$2,152$1,349$825$495$44
39 years$3,205$2,046$1,264$761$449$37
40 years$3,090$1,946$1,185$702$407$31
41 years$2,981$1,853$1,111$647$369$26
42 years$2,877$1,765$1,042$597$335$22
43 years$2,779$1,681$978$551$304$19
44 years$2,685$1,603$918$509$276$16
45 years$2,596$1,528$862$470$251$13
46 years$2,511$1,458$809$434$228$11
47 years$2,430$1,391$760$401$207$9
48 years$2,352$1,328$715$371$188$8
49 years$2,278$1,268$672$343$170$7
50 years$2,207$1,212$631$317$155$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,260,000, adding $4,663 every year, while hoping to spend $49,716 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: 52/36/12 Blend
69$2,260,000$2,260,000$2,260,000$2,260,000
70$2,495,330$2,375,550$2,340,520$2,616,938
71$2,696,956$2,439,054$2,366,030$2,763,935
72$2,917,482$2,504,004$2,390,728$2,918,020
73$3,158,783$2,570,418$2,414,535$3,084,456
74$3,422,923$2,638,313$2,437,367$3,264,423
75$3,712,177$2,707,706$2,459,134$3,459,219
76$4,029,049$2,778,614$2,479,745$3,670,274
77$4,376,295$2,851,049$2,499,100$3,899,161
78$4,756,954$2,925,028$2,517,097$4,147,612
79$5,174,370$3,000,560$2,533,626$4,417,537
80$5,632,227$3,077,659$2,548,573$4,711,036
81$6,134,582$3,156,332$2,561,819$5,030,423
82$6,685,905$3,236,589$2,573,236$5,378,247
83$7,291,120$3,318,434$2,582,691$5,757,315
84$7,955,649$3,401,872$2,590,046$6,170,719
85$8,685,466$3,486,904$2,595,154$6,621,865
86$9,487,153$3,573,531$2,597,860$7,114,505
87$10,367,958$3,661,750$2,598,004$7,652,772
88$11,335,868$3,751,554$2,595,416$8,241,221
89$12,399,682$3,842,936$2,589,918$8,884,867
90$13,569,093$3,935,884$2,581,323$9,589,239
91$14,854,781$4,030,382$2,569,438$10,360,426
92$16,268,510$4,126,412$2,554,055$11,205,138
93$17,823,243$4,223,952$2,534,962$12,130,768
94$19,533,263$4,322,974$2,511,932$13,145,463
95$21,414,304$4,423,448$2,484,730$14,258,198
96$23,483,704$4,525,338$2,453,109$15,478,865
97$25,760,565$4,628,602$2,416,811$16,818,363
98$28,265,933$4,733,195$2,375,565$18,288,701
99$31,023,000$4,839,063$2,329,088$19,903,113
100$34,057,316$4,946,147$2,277,083$21,676,184