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%12.1%
1 years$189,932$188,240$186,589$184,978$183,405$181,793
2 years$94,026$92,275$90,577$88,932$87,336$85,711
3 years$62,061$60,302$58,610$56,980$55,409$53,822
4 years$46,082$44,329$42,653$41,051$39,518$37,982
5 years$36,497$34,754$33,100$31,531$30,041$28,559
6 years$30,109$28,379$26,750$25,215$23,771$22,345
7 years$25,548$23,833$22,229$20,731$19,332$17,963
8 years$22,129$20,429$18,852$17,391$16,038$14,726
9 years$19,471$17,787$16,237$14,813$13,506$12,252
10 years$17,346$15,679$14,156$12,769$11,508$10,309
11 years$15,608$13,958$12,463$11,113$9,897$8,754
12 years$14,161$12,528$11,060$9,747$8,577$7,487
13 years$12,938$11,321$9,882$8,606$7,479$6,442
14 years$11,890$10,291$8,879$7,639$6,556$5,571
15 years$10,983$9,401$8,016$6,813$5,772$4,837
16 years$10,190$8,625$7,268$6,100$5,102$4,215
17 years$9,491$7,943$6,614$5,481$4,524$3,684
18 years$8,870$7,340$6,037$4,939$4,022$3,228
19 years$8,316$6,803$5,527$4,463$3,585$2,835
20 years$7,817$6,321$5,072$4,042$3,202$2,494
21 years$7,366$5,888$4,666$3,669$2,866$2,198
22 years$6,957$5,496$4,300$3,336$2,569$1,940
23 years$6,585$5,141$3,970$3,038$2,306$1,714
24 years$6,243$4,816$3,672$2,771$2,072$1,516
25 years$5,930$4,520$3,401$2,530$1,865$1,343
26 years$5,641$4,248$3,154$2,314$1,680$1,190
27 years$5,374$3,998$2,929$2,118$1,514$1,055
28 years$5,126$3,767$2,723$1,940$1,367$937
29 years$4,896$3,554$2,534$1,779$1,234$832
30 years$4,682$3,356$2,360$1,633$1,115$739
31 years$4,482$3,173$2,200$1,500$1,008$657
32 years$4,294$3,002$2,053$1,378$912$584
33 years$4,119$2,843$1,917$1,267$825$519
34 years$3,954$2,695$1,791$1,166$747$462
35 years$3,799$2,556$1,674$1,073$677$411
36 years$3,653$2,426$1,566$989$613$366
37 years$3,515$2,304$1,466$911$556$326
38 years$3,385$2,190$1,373$840$504$290
39 years$3,261$2,082$1,286$774$457$259
40 years$3,144$1,981$1,206$714$414$230
41 years$3,034$1,886$1,131$659$376$205
42 years$2,928$1,796$1,060$608$341$183
43 years$2,828$1,711$995$561$310$163
44 years$2,733$1,631$934$518$281$145
45 years$2,642$1,555$877$479$255$130
46 years$2,555$1,484$824$442$232$116
47 years$2,473$1,416$774$408$210$103
48 years$2,393$1,352$727$377$191$92
49 years$2,318$1,291$684$349$173$82
50 years$2,246$1,233$643$322$158$73

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 $2,867 every year, while hoping to spend $42,839 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: 28/42/30 Blend
69$2,300,000$2,300,000$2,300,000$2,300,000
70$2,537,557$2,415,657$2,380,007$2,585,025
71$2,750,808$2,488,444$2,414,157$2,696,355
72$2,984,374$2,563,362$2,448,015$2,812,014
73$3,240,283$2,640,469$2,481,527$2,935,428
74$3,520,767$2,719,828$2,514,633$3,067,292
75$3,828,285$2,801,498$2,547,273$3,208,376
76$4,165,544$2,885,546$2,579,380$3,359,521
77$4,535,527$2,972,035$2,610,887$3,521,656
78$4,941,518$3,061,033$2,641,719$3,695,802
79$5,387,137$3,152,607$2,671,801$3,883,080
80$5,876,369$3,246,829$2,701,050$4,084,728
81$6,413,605$3,343,769$2,729,381$4,302,103
82$7,003,680$3,443,502$2,756,704$4,536,704
83$7,651,924$3,546,102$2,782,922$4,790,179
84$8,364,206$3,651,647$2,807,935$5,064,340
85$9,146,991$3,760,214$2,831,637$5,361,185
86$10,007,404$3,871,884$2,853,917$5,682,913
87$10,953,293$3,986,741$2,874,657$6,031,945
88$11,993,305$4,104,866$2,893,734$6,410,949
89$13,136,965$4,226,348$2,911,017$6,822,862
90$14,394,769$4,351,273$2,926,370$7,270,918
91$15,778,281$4,479,731$2,939,649$7,758,681
92$17,300,242$4,611,813$2,950,703$8,290,075
93$18,974,688$4,747,614$2,959,373$8,869,425
94$20,817,088$4,887,228$2,965,494$9,501,493
95$22,844,482$5,030,754$2,968,889$10,191,526
96$25,075,648$5,178,290$2,969,376$10,945,306
97$27,531,276$5,329,937$2,966,761$11,769,201
98$30,234,161$5,485,799$2,960,843$12,670,229
99$33,209,424$5,645,982$2,951,410$13,656,120
100$36,484,742$5,810,592$2,938,239$14,735,395