Can I retire at age 70 with 2,300,000?

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 $2,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$189,932$188,240$186,589$184,978$183,405$181,339
2 years$94,026$92,275$90,577$88,932$87,336$85,256
3 years$62,061$60,302$58,610$56,980$55,409$53,380
4 years$46,082$44,329$42,653$41,051$39,518$37,555
5 years$36,497$34,754$33,100$31,531$30,041$28,150
6 years$30,109$28,379$26,750$25,215$23,771$21,954
7 years$25,548$23,833$22,229$20,731$19,332$17,591
8 years$22,129$20,429$18,852$17,391$16,038$14,371
9 years$19,471$17,787$16,237$14,813$13,506$11,914
10 years$17,346$15,679$14,156$12,769$11,508$9,989
11 years$15,608$13,958$12,463$11,113$9,897$8,450
12 years$14,161$12,528$11,060$9,747$8,577$7,200
13 years$12,938$11,321$9,882$8,606$7,479$6,172
14 years$11,890$10,291$8,879$7,639$6,556$5,316
15 years$10,983$9,401$8,016$6,813$5,772$4,597
16 years$10,190$8,625$7,268$6,100$5,102$3,989
17 years$9,491$7,943$6,614$5,481$4,524$3,472
18 years$8,870$7,340$6,037$4,939$4,022$3,029
19 years$8,316$6,803$5,527$4,463$3,585$2,649
20 years$7,817$6,321$5,072$4,042$3,202$2,320
21 years$7,366$5,888$4,666$3,669$2,866$2,036
22 years$6,957$5,496$4,300$3,336$2,569$1,788
23 years$6,585$5,141$3,970$3,038$2,306$1,573
24 years$6,243$4,816$3,672$2,771$2,072$1,385
25 years$5,930$4,520$3,401$2,530$1,865$1,221
26 years$5,641$4,248$3,154$2,314$1,680$1,077
27 years$5,374$3,998$2,929$2,118$1,514$950
28 years$5,126$3,767$2,723$1,940$1,367$839
29 years$4,896$3,554$2,534$1,779$1,234$742
30 years$4,682$3,356$2,360$1,633$1,115$656
31 years$4,482$3,173$2,200$1,500$1,008$580
32 years$4,294$3,002$2,053$1,378$912$513
33 years$4,119$2,843$1,917$1,267$825$454
34 years$3,954$2,695$1,791$1,166$747$402
35 years$3,799$2,556$1,674$1,073$677$356
36 years$3,653$2,426$1,566$989$613$315
37 years$3,515$2,304$1,466$911$556$279
38 years$3,385$2,190$1,373$840$504$248
39 years$3,261$2,082$1,286$774$457$219
40 years$3,144$1,981$1,206$714$414$195
41 years$3,034$1,886$1,131$659$376$172
42 years$2,928$1,796$1,060$608$341$153
43 years$2,828$1,711$995$561$310$136
44 years$2,733$1,631$934$518$281$120
45 years$2,642$1,555$877$479$255$107
46 years$2,555$1,484$824$442$232$95
47 years$2,473$1,416$774$408$210$84
48 years$2,393$1,352$727$377$191$74
49 years$2,318$1,291$684$349$173$66
50 years$2,246$1,233$643$322$158$59

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,300,000, adding $2,425 every year, while hoping to spend $36,906 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: 42/41/17 Blend
69$2,300,000$2,300,000$2,300,000$2,300,000
70$2,537,101$2,415,201$2,379,551$2,630,930
71$2,756,618$2,494,279$2,419,999$2,776,514
72$2,997,288$2,575,994$2,460,564$2,930,262
73$3,261,231$2,660,437$2,501,212$3,095,973
74$3,550,780$2,747,702$2,541,906$3,274,760
75$3,868,506$2,837,885$2,582,606$3,467,847
76$4,217,239$2,931,087$2,623,269$3,676,580
77$4,600,098$3,027,411$2,663,850$3,902,440
78$5,020,520$3,126,965$2,704,300$4,147,054
79$5,482,287$3,229,861$2,744,568$4,412,213
80$5,989,569$3,336,213$2,784,600$4,699,887
81$6,546,959$3,446,142$2,824,338$5,012,242
82$7,159,516$3,559,770$2,863,721$5,351,664
83$7,832,814$3,677,226$2,902,683$5,720,775
84$8,572,994$3,798,643$2,941,155$6,122,462
85$9,386,821$3,924,158$2,979,066$6,559,904
86$10,281,749$4,053,914$3,016,336$7,036,599
87$11,265,990$4,188,058$3,052,886$7,556,396
88$12,348,592$4,326,743$3,088,629$8,123,533
89$13,539,523$4,470,129$3,123,473$8,742,679
90$14,849,768$4,618,379$3,157,323$9,418,969
91$16,291,428$4,771,663$3,190,077$10,158,060
92$17,877,837$4,930,158$3,221,628$10,966,182
93$19,623,688$5,094,047$3,251,864$11,850,194
94$21,545,168$5,263,519$3,280,665$12,817,648
95$23,660,115$5,438,771$3,307,907$13,876,864
96$25,988,182$5,620,007$3,333,458$15,037,002
97$28,551,027$5,807,438$3,357,179$16,308,153
98$31,372,511$6,001,282$3,378,924$17,701,430
99$34,478,930$6,201,766$3,398,540$19,229,074
100$37,899,255$6,409,127$3,415,865$20,904,567