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

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 $2,310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$190,758$189,058$187,401$185,783$184,203$180,189
2 years$94,434$92,676$90,971$89,319$87,716$83,692
3 years$62,331$60,565$58,864$57,227$55,650$51,743
4 years$46,282$44,521$42,838$41,229$39,690$35,928
5 years$36,656$34,905$33,244$31,668$30,172$26,567
6 years$30,240$28,503$26,866$25,325$23,874$20,429
7 years$25,659$23,937$22,326$20,821$19,416$16,132
8 years$22,225$20,518$18,934$17,466$16,107$12,983
9 years$19,556$17,865$16,308$14,877$13,565$10,598
10 years$17,421$15,747$14,218$12,824$11,558$8,746
11 years$15,676$14,019$12,517$11,161$9,940$7,279
12 years$14,223$12,582$11,109$9,790$8,614$6,099
13 years$12,994$11,371$9,925$8,643$7,512$5,139
14 years$11,942$10,336$8,917$7,672$6,585$4,349
15 years$11,031$9,442$8,051$6,842$5,798$3,695
16 years$10,234$8,663$7,300$6,127$5,124$3,149
17 years$9,532$7,978$6,642$5,505$4,543$2,690
18 years$8,909$7,372$6,064$4,961$4,040$2,303
19 years$8,352$6,832$5,551$4,482$3,601$1,976
20 years$7,851$6,349$5,094$4,060$3,216$1,697
21 years$7,398$5,914$4,686$3,684$2,878$1,460
22 years$6,988$5,520$4,319$3,350$2,580$1,258
23 years$6,613$5,163$3,988$3,051$2,316$1,084
24 years$6,270$4,837$3,688$2,783$2,081$935
25 years$5,956$4,540$3,416$2,541$1,873$808
26 years$5,665$4,267$3,168$2,324$1,687$698
27 years$5,397$4,015$2,942$2,127$1,521$603
28 years$5,148$3,784$2,735$1,949$1,372$522
29 years$4,917$3,569$2,545$1,787$1,239$451
30 years$4,702$3,371$2,370$1,640$1,120$391
31 years$4,501$3,187$2,210$1,506$1,012$338
32 years$4,313$3,015$2,062$1,384$916$293
33 years$4,137$2,855$1,925$1,273$829$254
34 years$3,971$2,706$1,799$1,171$750$220
35 years$3,816$2,567$1,682$1,078$680$190
36 years$3,669$2,436$1,573$993$616$165
37 years$3,530$2,314$1,472$915$558$143
38 years$3,399$2,199$1,379$843$506$124
39 years$3,276$2,091$1,292$778$459$107
40 years$3,158$1,990$1,211$717$416$93
41 years$3,047$1,894$1,135$662$378$81
42 years$2,941$1,804$1,065$611$343$70
43 years$2,840$1,719$999$564$311$61
44 years$2,745$1,638$938$520$282$53
45 years$2,653$1,562$881$481$256$46
46 years$2,566$1,490$827$444$233$40
47 years$2,483$1,422$777$410$211$34
48 years$2,404$1,358$730$379$192$30
49 years$2,328$1,296$687$350$174$26
50 years$2,255$1,238$645$324$158$22

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 $4,780 every year, while hoping to spend $24,522 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: 60/34/6 Blend
69$2,310,000$2,310,000$2,310,000$2,310,000
70$2,550,551$2,428,121$2,392,316$2,700,391
71$2,784,616$2,521,007$2,446,367$2,894,113
72$3,041,733$2,617,624$2,501,407$3,102,057
73$3,324,229$2,718,126$2,557,443$3,328,232
74$3,634,665$2,822,679$2,614,482$3,574,389
75$3,975,864$2,931,453$2,672,530$3,842,456
76$4,350,934$3,044,626$2,731,592$4,134,554
77$4,763,302$3,162,386$2,791,673$4,453,013
78$5,216,741$3,284,925$2,852,777$4,800,401
79$5,715,410$3,412,448$2,914,906$5,179,537
80$6,263,890$3,545,166$2,978,064$5,593,528
81$6,867,228$3,683,301$3,042,250$6,045,789
82$7,530,987$3,827,083$3,107,467$6,540,081
83$8,261,292$3,976,755$3,173,711$7,080,541
84$9,064,896$4,132,568$3,240,983$7,671,723
85$9,949,238$4,294,787$3,309,279$8,318,640
86$10,922,514$4,463,685$3,378,593$9,026,809
87$11,993,755$4,639,550$3,448,921$9,802,303
88$13,172,913$4,822,683$3,520,255$10,651,810
89$14,470,953$5,013,397$3,592,586$11,582,691
90$15,899,957$5,212,020$3,665,904$12,603,050
91$17,473,237$5,418,894$3,740,196$13,721,811
92$19,205,463$5,634,376$3,815,449$14,948,802
93$21,112,801$5,858,840$3,891,647$16,294,842
94$23,213,060$6,092,678$3,968,771$17,771,846
95$25,525,869$6,336,296$4,046,801$19,392,937
96$28,072,855$6,590,121$4,125,716$21,172,565
97$30,877,848$6,854,599$4,205,490$23,126,644
98$33,967,110$7,130,196$4,286,095$25,272,704
99$37,369,578$7,417,398$4,367,502$27,630,049
100$41,117,138$7,716,714$4,449,677$30,219,942