Can I retire at age 70 with 2,280,000?

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 $2,280,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$188,280$186,603$184,967$183,370$181,810$179,613
2 years$93,208$91,472$89,790$88,159$86,576$84,365
3 years$61,521$59,778$58,100$56,484$54,928$52,771
4 years$45,681$43,943$42,282$40,694$39,175$37,089
5 years$36,180$34,452$32,812$31,257$29,780$27,772
6 years$29,847$28,133$26,517$24,996$23,564$21,636
7 years$25,326$23,626$22,036$20,551$19,164$17,316
8 years$21,936$20,252$18,688$17,239$15,898$14,131
9 years$19,302$17,633$16,096$14,684$13,389$11,701
10 years$17,195$15,542$14,033$12,658$11,408$9,799
11 years$15,472$13,836$12,354$11,016$9,811$8,279
12 years$14,038$12,419$10,964$9,663$8,502$7,045
13 years$12,825$11,223$9,796$8,531$7,414$6,031
14 years$11,787$10,201$8,802$7,573$6,499$5,187
15 years$10,887$9,319$7,947$6,753$5,722$4,480
16 years$10,101$8,550$7,205$6,047$5,057$3,882
17 years$9,408$7,874$6,556$5,433$4,484$3,374
18 years$8,793$7,276$5,985$4,896$3,987$2,940
19 years$8,243$6,744$5,479$4,424$3,554$2,567
20 years$7,749$6,266$5,028$4,007$3,174$2,245
21 years$7,302$5,837$4,625$3,637$2,841$1,967
22 years$6,897$5,449$4,263$3,307$2,546$1,725
23 years$6,527$5,096$3,936$3,011$2,286$1,515
24 years$6,189$4,775$3,640$2,747$2,054$1,332
25 years$5,878$4,481$3,371$2,508$1,849$1,172
26 years$5,592$4,211$3,127$2,293$1,665$1,032
27 years$5,327$3,963$2,903$2,099$1,501$910
28 years$5,082$3,734$2,699$1,923$1,355$802
29 years$4,854$3,523$2,512$1,764$1,223$708
30 years$4,641$3,327$2,340$1,619$1,105$625
31 years$4,443$3,145$2,181$1,487$999$552
32 years$4,257$2,976$2,035$1,366$904$487
33 years$4,083$2,818$1,900$1,256$818$431
34 years$3,920$2,671$1,775$1,156$741$381
35 years$3,766$2,534$1,660$1,064$671$336
36 years$3,621$2,405$1,553$980$608$297
37 years$3,484$2,284$1,453$903$551$263
38 years$3,355$2,171$1,361$832$499$233
39 years$3,233$2,064$1,275$767$453$206
40 years$3,117$1,964$1,195$708$411$182
41 years$3,007$1,869$1,121$653$373$161
42 years$2,903$1,780$1,051$603$338$143
43 years$2,803$1,696$986$556$307$126
44 years$2,709$1,617$926$514$279$112
45 years$2,619$1,542$869$474$253$99
46 years$2,533$1,471$817$438$230$88
47 years$2,451$1,404$767$405$209$78
48 years$2,373$1,340$721$374$189$69
49 years$2,298$1,280$678$346$172$61
50 years$2,226$1,222$637$320$156$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,280,000, adding $6,286 every year, while hoping to spend $52,287 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: 72/9/19 Blend
69$2,280,000$2,280,000$2,280,000$2,280,000
70$2,519,044$2,398,204$2,362,864$2,688,562
71$2,720,354$2,460,083$2,386,387$2,863,982
72$2,940,444$2,523,242$2,408,946$3,049,151
73$3,181,176$2,587,688$2,430,452$3,250,617
74$3,444,599$2,653,427$2,450,815$3,469,989
75$3,732,967$2,720,464$2,469,936$3,709,037
76$4,048,765$2,788,801$2,487,714$3,969,714
77$4,394,728$2,858,441$2,504,041$4,254,168
78$4,773,868$2,929,383$2,518,805$4,564,767
79$5,189,503$3,001,623$2,531,885$4,904,120
80$5,645,287$3,075,158$2,543,158$5,275,103
81$6,145,244$3,149,978$2,552,492$5,680,880
82$6,693,807$3,226,075$2,559,748$6,124,943
83$7,295,859$3,303,437$2,564,783$6,611,135
84$7,956,777$3,382,046$2,567,444$7,143,692
85$8,682,487$3,461,884$2,567,572$7,727,282
86$9,479,513$3,542,929$2,564,998$8,367,049
87$10,355,046$3,625,155$2,559,548$9,068,659
88$11,317,004$3,708,532$2,551,037$9,838,359
89$12,374,114$3,793,025$2,539,272$10,683,028
90$13,535,986$3,878,595$2,524,050$11,610,251
91$14,813,209$3,965,200$2,505,159$12,628,385
92$16,217,452$4,052,789$2,482,376$13,746,637
93$17,761,565$4,141,309$2,455,469$14,975,155
94$19,459,711$4,230,700$2,424,194$16,325,122
95$21,327,492$4,320,894$2,388,294$17,808,860
96$23,382,097$4,411,819$2,347,503$19,439,951
97$25,642,467$4,503,394$2,301,541$21,233,360
98$28,129,469$4,595,531$2,250,113$23,205,578
99$30,866,097$4,688,135$2,192,914$25,374,780
100$33,877,685$4,781,099$2,129,623$27,760,994