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%19.2%
1 years$187,454$185,785$184,156$182,566$181,013$174,313
2 years$92,799$91,071$89,396$87,772$86,197$79,522
3 years$61,252$59,516$57,845$56,236$54,687$48,248
4 years$45,481$43,750$42,096$40,515$39,003$32,849
5 years$36,021$34,301$32,669$31,119$29,649$23,796
6 years$29,716$28,009$26,401$24,887$23,461$17,912
7 years$25,215$23,522$21,939$20,461$19,080$13,834
8 years$21,840$20,163$18,606$17,164$15,829$10,881
9 years$19,217$17,555$16,026$14,620$13,330$8,674
10 years$17,120$15,474$13,972$12,602$11,358$6,985
11 years$15,405$13,776$12,300$10,968$9,768$5,670
12 years$13,977$12,364$10,916$9,620$8,465$4,630
13 years$12,769$11,174$9,753$8,493$7,381$3,800
14 years$11,735$10,157$8,763$7,539$6,471$3,130
15 years$10,840$9,278$7,912$6,724$5,697$2,587
16 years$10,057$8,513$7,173$6,020$5,035$2,144
17 years$9,367$7,840$6,527$5,409$4,465$1,780
18 years$8,755$7,244$5,959$4,875$3,970$1,481
19 years$8,207$6,714$5,455$4,405$3,538$1,233
20 years$7,715$6,239$5,006$3,989$3,160$1,029
21 years$7,270$5,811$4,605$3,621$2,828$859
22 years$6,867$5,425$4,244$3,292$2,535$717
23 years$6,499$5,074$3,919$2,998$2,276$600
24 years$6,162$4,754$3,624$2,734$2,045$502
25 years$5,852$4,461$3,357$2,497$1,841$420
26 years$5,567$4,193$3,113$2,283$1,658$352
27 years$5,304$3,946$2,891$2,090$1,495$294
28 years$5,059$3,718$2,687$1,915$1,349$247
29 years$4,832$3,508$2,501$1,756$1,218$207
30 years$4,621$3,313$2,329$1,612$1,100$173
31 years$4,423$3,131$2,172$1,480$995$145
32 years$4,238$2,963$2,026$1,360$900$122
33 years$4,065$2,806$1,892$1,251$814$102
34 years$3,903$2,659$1,768$1,151$737$86
35 years$3,750$2,522$1,653$1,059$668$72
36 years$3,605$2,394$1,546$976$605$60
37 years$3,469$2,274$1,447$899$548$50
38 years$3,341$2,161$1,355$829$497$42
39 years$3,219$2,055$1,270$764$451$36
40 years$3,103$1,955$1,190$705$409$30
41 years$2,994$1,861$1,116$650$371$25
42 years$2,890$1,772$1,047$600$337$21
43 years$2,791$1,689$982$554$306$18
44 years$2,697$1,610$922$511$277$15
45 years$2,607$1,535$866$472$252$12
46 years$2,522$1,464$813$436$229$10
47 years$2,440$1,397$764$403$208$9
48 years$2,362$1,334$718$372$189$7
49 years$2,288$1,274$675$344$171$6
50 years$2,216$1,217$634$318$156$5

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 $5,017 every year, while hoping to spend $27,166 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: 56/14/30 Blend
69$2,270,000$2,270,000$2,270,000$2,270,000
70$2,506,715$2,386,405$2,351,220$2,626,024
71$2,733,496$2,474,434$2,401,081$2,796,885
72$2,982,497$2,565,867$2,451,703$2,979,740
73$3,255,958$2,660,840$2,503,081$3,178,445
74$3,556,343$2,759,499$2,555,211$3,394,542
75$3,886,368$2,861,992$2,608,089$3,629,728
76$4,249,024$2,968,477$2,661,707$3,885,869
77$4,647,609$3,079,116$2,716,058$4,165,022
78$5,085,752$3,194,080$2,771,133$4,469,450
79$5,567,455$3,313,546$2,826,922$4,801,645
80$6,097,124$3,437,699$2,883,413$5,164,349
81$6,679,616$3,566,731$2,940,593$5,560,584
82$7,320,281$3,700,845$2,998,447$5,993,676
83$8,025,013$3,840,250$3,056,958$6,467,289
84$8,800,306$3,985,164$3,116,108$6,985,458
85$9,653,317$4,135,817$3,175,877$7,552,625
86$10,591,930$4,292,446$3,236,243$8,173,685
87$11,624,831$4,455,300$3,297,182$8,854,027
88$12,761,592$4,624,639$3,358,666$9,599,588
89$14,012,761$4,800,732$3,420,667$10,416,908
90$15,389,958$4,983,863$3,483,155$11,313,190
91$16,905,987$5,174,326$3,546,094$12,296,369
92$18,574,958$5,372,428$3,609,449$13,375,187
93$20,412,418$5,578,492$3,673,180$14,559,272
94$22,435,498$5,792,851$3,737,244$15,859,232
95$24,663,074$6,015,855$3,801,597$17,286,754
96$27,115,945$6,247,871$3,866,189$18,854,712
97$29,817,033$6,489,277$3,930,967$20,577,292
98$32,791,592$6,740,474$3,995,877$22,470,119
99$36,067,453$7,001,876$4,060,857$24,550,410
100$39,675,282$7,273,916$4,125,844$26,837,135