Can I retire at age 70 with 2,270,000?

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 $2,270,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$187,454$185,785$184,156$182,566$181,013$179,722
2 years$92,799$91,071$89,396$87,772$86,197$84,894
3 years$61,252$59,516$57,845$56,236$54,687$53,414
4 years$45,481$43,750$42,096$40,515$39,003$37,770
5 years$36,021$34,301$32,669$31,119$29,649$28,459
6 years$29,716$28,009$26,401$24,887$23,461$22,315
7 years$25,215$23,522$21,939$20,461$19,080$17,979
8 years$21,840$20,163$18,606$17,164$15,829$14,773
9 years$19,217$17,555$16,026$14,620$13,330$12,319
10 years$17,120$15,474$13,972$12,602$11,358$10,391
11 years$15,405$13,776$12,300$10,968$9,768$8,845
12 years$13,977$12,364$10,916$9,620$8,465$7,584
13 years$12,769$11,174$9,753$8,493$7,381$6,543
14 years$11,735$10,157$8,763$7,539$6,471$5,672
15 years$10,840$9,278$7,912$6,724$5,697$4,939
16 years$10,057$8,513$7,173$6,020$5,035$4,315
17 years$9,367$7,840$6,527$5,409$4,465$3,782
18 years$8,755$7,244$5,959$4,875$3,970$3,323
19 years$8,207$6,714$5,455$4,405$3,538$2,927
20 years$7,715$6,239$5,006$3,989$3,160$2,582
21 years$7,270$5,811$4,605$3,621$2,828$2,283
22 years$6,867$5,425$4,244$3,292$2,535$2,021
23 years$6,499$5,074$3,919$2,998$2,276$1,791
24 years$6,162$4,754$3,624$2,734$2,045$1,589
25 years$5,852$4,461$3,357$2,497$1,841$1,411
26 years$5,567$4,193$3,113$2,283$1,658$1,255
27 years$5,304$3,946$2,891$2,090$1,495$1,116
28 years$5,059$3,718$2,687$1,915$1,349$994
29 years$4,832$3,508$2,501$1,756$1,218$885
30 years$4,621$3,313$2,329$1,612$1,100$789
31 years$4,423$3,131$2,172$1,480$995$704
32 years$4,238$2,963$2,026$1,360$900$628
33 years$4,065$2,806$1,892$1,251$814$560
34 years$3,903$2,659$1,768$1,151$737$500
35 years$3,750$2,522$1,653$1,059$668$447
36 years$3,605$2,394$1,546$976$605$399
37 years$3,469$2,274$1,447$899$548$357
38 years$3,341$2,161$1,355$829$497$319
39 years$3,219$2,055$1,270$764$451$285
40 years$3,103$1,955$1,190$705$409$255
41 years$2,994$1,861$1,116$650$371$228
42 years$2,890$1,772$1,047$600$337$204
43 years$2,791$1,689$982$554$306$182
44 years$2,697$1,610$922$511$277$163
45 years$2,607$1,535$866$472$252$146
46 years$2,522$1,464$813$436$229$130
47 years$2,440$1,397$764$403$208$117
48 years$2,362$1,334$718$372$189$104
49 years$2,288$1,274$675$344$171$93
50 years$2,216$1,217$634$318$156$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,270,000, adding $2,190 every year, while hoping to spend $52,243 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: 56/34/10 Blend
69$2,270,000$2,270,000$2,270,000$2,270,000
70$2,503,799$2,383,489$2,348,304$2,637,763
71$2,703,600$2,444,694$2,371,386$2,789,740
72$2,922,030$2,507,147$2,393,490$2,949,232
73$3,160,934$2,570,854$2,414,529$3,121,700
74$3,422,343$2,635,819$2,434,410$3,308,389
75$3,708,494$2,702,046$2,453,034$3,510,673
76$4,021,851$2,769,537$2,470,301$3,730,060
77$4,365,125$2,838,289$2,486,101$3,968,213
78$4,741,303$2,908,301$2,500,321$4,226,963
79$5,153,677$2,979,569$2,512,843$4,508,327
80$5,605,869$3,052,084$2,523,540$4,814,525
81$6,101,869$3,125,838$2,532,280$5,148,004
82$6,646,074$3,200,818$2,538,926$5,511,457
83$7,243,325$3,277,009$2,543,331$5,907,852
84$7,898,955$3,354,394$2,545,343$6,340,459
85$8,618,838$3,432,950$2,544,803$6,812,877
86$9,409,447$3,512,651$2,541,541$7,329,076
87$10,277,910$3,593,471$2,535,382$7,893,425
88$11,232,080$3,675,374$2,526,140$8,510,741
89$12,280,609$3,758,324$2,513,623$9,186,329
90$13,433,028$3,842,279$2,497,626$9,926,036
91$14,699,837$3,927,191$2,477,937$10,736,302
92$16,092,605$4,013,007$2,454,332$11,624,226
93$17,624,077$4,099,671$2,426,578$12,597,628
94$19,308,295$4,187,117$2,394,431$13,665,126
95$21,160,729$4,275,274$2,357,633$14,836,215
96$23,198,427$4,364,065$2,315,916$16,121,360
97$25,440,167$4,453,405$2,269,000$17,532,091
98$27,906,643$4,543,201$2,216,591$19,081,115
99$30,620,654$4,633,352$2,158,380$20,782,435
100$33,607,322$4,723,747$2,094,047$22,651,481