Can I retire at age 70 with 2,310,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$190,758$189,058$187,401$185,783$184,203$180,779
2 years$94,434$92,676$90,971$89,319$87,716$84,279
3 years$62,331$60,565$58,864$57,227$55,650$52,308
4 years$46,282$44,521$42,838$41,229$39,690$36,468
5 years$36,656$34,905$33,244$31,668$30,172$27,079
6 years$30,240$28,503$26,866$25,325$23,874$20,914
7 years$25,659$23,937$22,326$20,821$19,416$16,589
8 years$22,225$20,518$18,934$17,466$16,107$13,413
9 years$19,556$17,865$16,308$14,877$13,565$11,002
10 years$17,421$15,747$14,218$12,824$11,558$9,124
11 years$15,676$14,019$12,517$11,161$9,940$7,632
12 years$14,223$12,582$11,109$9,790$8,614$6,428
13 years$12,994$11,371$9,925$8,643$7,512$5,445
14 years$11,942$10,336$8,917$7,672$6,585$4,634
15 years$11,031$9,442$8,051$6,842$5,798$3,958
16 years$10,234$8,663$7,300$6,127$5,124$3,392
17 years$9,532$7,978$6,642$5,505$4,543$2,915
18 years$8,909$7,372$6,064$4,961$4,040$2,510
19 years$8,352$6,832$5,551$4,482$3,601$2,166
20 years$7,851$6,349$5,094$4,060$3,216$1,872
21 years$7,398$5,914$4,686$3,684$2,878$1,621
22 years$6,988$5,520$4,319$3,350$2,580$1,404
23 years$6,613$5,163$3,988$3,051$2,316$1,218
24 years$6,270$4,837$3,688$2,783$2,081$1,058
25 years$5,956$4,540$3,416$2,541$1,873$919
26 years$5,665$4,267$3,168$2,324$1,687$799
27 years$5,397$4,015$2,942$2,127$1,521$695
28 years$5,148$3,784$2,735$1,949$1,372$605
29 years$4,917$3,569$2,545$1,787$1,239$527
30 years$4,702$3,371$2,370$1,640$1,120$459
31 years$4,501$3,187$2,210$1,506$1,012$400
32 years$4,313$3,015$2,062$1,384$916$349
33 years$4,137$2,855$1,925$1,273$829$304
34 years$3,971$2,706$1,799$1,171$750$265
35 years$3,816$2,567$1,682$1,078$680$231
36 years$3,669$2,436$1,573$993$616$202
37 years$3,530$2,314$1,472$915$558$176
38 years$3,399$2,199$1,379$843$506$154
39 years$3,276$2,091$1,292$778$459$134
40 years$3,158$1,990$1,211$717$416$117
41 years$3,047$1,894$1,135$662$378$102
42 years$2,941$1,804$1,065$611$343$89
43 years$2,840$1,719$999$564$311$78
44 years$2,745$1,638$938$520$282$68
45 years$2,653$1,562$881$481$256$59
46 years$2,566$1,490$827$444$233$52
47 years$2,483$1,422$777$410$211$45
48 years$2,404$1,358$730$379$192$39
49 years$2,328$1,296$687$350$174$34
50 years$2,255$1,238$645$324$158$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,310,000, adding $4,516 every year, while hoping to spend $24,741 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: 58/27/15 Blend
69$2,310,000$2,310,000$2,310,000$2,310,000
70$2,550,278$2,427,848$2,392,043$2,688,141
71$2,784,082$2,520,489$2,445,852$2,874,558
72$3,040,905$2,616,839$2,500,635$3,074,555
73$3,323,069$2,717,055$2,556,398$3,291,998
74$3,633,131$2,821,300$2,613,146$3,528,568
75$3,973,909$2,929,743$2,670,885$3,786,116
76$4,348,508$3,042,560$2,729,620$4,066,676
77$4,760,348$3,159,937$2,789,354$4,372,487
78$5,213,196$3,282,067$2,850,090$4,706,014
79$5,711,205$3,409,151$2,911,831$5,069,966
80$6,258,948$3,541,400$2,974,578$5,467,328
81$6,861,464$3,679,032$3,038,330$5,901,382
82$7,524,307$3,822,278$3,103,087$6,375,742
83$8,253,593$3,971,376$3,168,847$6,894,387
84$9,056,063$4,126,578$3,235,607$7,461,694
85$9,939,144$4,288,143$3,303,363$8,082,484
86$10,911,019$4,456,344$3,372,108$8,762,064
87$11,980,706$4,631,467$3,441,836$9,506,276
88$13,158,138$4,813,809$3,512,537$10,321,554
89$14,454,263$5,003,681$3,584,203$11,214,982
90$15,881,144$5,201,408$3,656,820$12,194,359
91$17,452,072$5,407,328$3,730,375$13,268,275
92$19,181,693$5,621,797$3,804,852$14,446,189
93$21,086,145$5,845,184$3,880,233$15,738,517
94$23,183,210$6,077,877$3,956,500$17,156,733
95$25,492,484$6,320,279$4,033,629$18,713,472
96$28,035,558$6,572,813$4,111,596$20,422,650
97$30,836,225$6,835,921$4,190,375$22,299,597
98$33,920,704$7,110,064$4,269,935$24,361,195
99$37,317,883$7,395,725$4,350,245$26,626,042
100$41,059,598$7,693,407$4,431,270$29,114,623