Can I retire at age 70 with 2,330,000?

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 $2,330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$192,409$190,695$189,023$187,391$185,797$178,567
2 years$95,252$93,478$91,759$90,092$88,475$81,278
3 years$62,871$61,089$59,374$57,723$56,132$49,195
4 years$46,683$44,907$43,209$41,586$40,034$33,409
5 years$36,973$35,208$33,532$31,942$30,433$24,138
6 years$30,502$28,750$27,099$25,544$24,081$18,119
7 years$25,881$24,144$22,519$21,001$19,584$13,954
8 years$22,418$20,696$19,098$17,618$16,247$10,943
9 years$19,725$18,019$16,449$15,006$13,682$8,697
10 years$17,572$15,883$14,341$12,936$11,658$6,982
11 years$15,812$14,140$12,625$11,258$10,026$5,648
12 years$14,346$12,691$11,205$9,875$8,689$4,597
13 years$13,107$11,469$10,011$8,718$7,577$3,760
14 years$12,045$10,425$8,995$7,739$6,642$3,087
15 years$11,126$9,524$8,121$6,902$5,848$2,542
16 years$10,323$8,738$7,363$6,180$5,168$2,099
17 years$9,615$8,047$6,700$5,552$4,583$1,736
18 years$8,986$7,436$6,116$5,004$4,075$1,439
19 years$8,424$6,891$5,599$4,521$3,632$1,194
20 years$7,919$6,404$5,139$4,095$3,244$992
21 years$7,463$5,965$4,726$3,716$2,903$825
22 years$7,048$5,568$4,356$3,379$2,602$686
23 years$6,670$5,208$4,022$3,077$2,336$572
24 years$6,325$4,879$3,720$2,807$2,099$476
25 years$6,007$4,579$3,445$2,563$1,889$397
26 years$5,714$4,303$3,195$2,344$1,702$331
27 years$5,444$4,050$2,967$2,145$1,534$276
28 years$5,193$3,816$2,758$1,966$1,384$230
29 years$4,960$3,600$2,567$1,802$1,250$192
30 years$4,743$3,400$2,391$1,654$1,130$160
31 years$4,540$3,214$2,229$1,519$1,021$134
32 years$4,350$3,041$2,080$1,396$924$112
33 years$4,173$2,880$1,942$1,284$836$93
34 years$4,006$2,730$1,814$1,181$757$78
35 years$3,849$2,589$1,696$1,087$686$65
36 years$3,701$2,457$1,587$1,002$621$54
37 years$3,561$2,334$1,485$923$563$45
38 years$3,429$2,218$1,391$851$510$38
39 years$3,304$2,109$1,303$784$463$32
40 years$3,185$2,007$1,221$723$420$26
41 years$3,073$1,910$1,145$667$381$22
42 years$2,966$1,819$1,074$616$346$18
43 years$2,865$1,733$1,008$569$314$15
44 years$2,768$1,652$946$525$285$13
45 years$2,676$1,576$889$485$258$11
46 years$2,589$1,503$835$448$235$9
47 years$2,505$1,434$784$414$213$8
48 years$2,425$1,369$737$382$194$6
49 years$2,348$1,308$692$353$176$5
50 years$2,275$1,249$651$327$160$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,330,000, adding $2,456 every year, while hoping to spend $59,921 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: 36/45/19 Blend
69$2,330,000$2,330,000$2,330,000$2,330,000
70$2,570,193$2,446,703$2,410,588$2,647,804
71$2,768,598$2,502,836$2,427,588$2,760,668
72$2,985,231$2,559,712$2,443,148$2,876,645
73$3,221,889$2,617,302$2,457,158$3,000,604
74$3,480,550$2,675,578$2,469,501$3,133,291
75$3,763,389$2,734,505$2,480,053$3,275,532
76$4,072,805$2,794,046$2,488,685$3,428,232
77$4,411,436$2,854,159$2,495,261$3,592,395
78$4,782,189$2,914,799$2,499,638$3,769,122
79$5,188,263$2,975,915$2,501,666$3,959,630
80$5,633,182$3,037,451$2,501,189$4,165,261
81$6,120,829$3,099,348$2,498,041$4,387,493
82$6,655,477$3,161,540$2,492,049$4,627,958
83$7,241,834$3,223,954$2,483,031$4,888,453
84$7,885,086$3,286,512$2,470,797$5,170,963
85$8,590,944$3,349,131$2,455,148$5,477,672
86$9,365,699$3,411,717$2,435,875$5,810,994
87$10,216,282$3,474,172$2,412,758$6,173,588
88$11,150,325$3,536,389$2,385,567$6,568,387
89$12,176,238$3,598,252$2,354,064$6,998,625
90$13,303,284$3,659,637$2,317,995$7,467,869
91$14,541,669$3,720,409$2,277,098$7,980,054
92$15,902,635$3,780,424$2,231,096$8,539,517
93$17,398,567$3,839,528$2,179,701$9,151,042
94$19,043,111$3,897,556$2,122,611$9,819,906
95$20,851,301$3,954,328$2,059,511$10,551,926
96$22,839,697$4,009,654$1,990,069$11,353,519
97$25,026,550$4,063,330$1,913,939$12,231,760
98$27,431,964$4,115,139$1,830,762$13,194,452
99$30,078,090$4,164,846$1,740,158$14,250,198
100$32,989,334$4,212,204$1,641,733$15,408,486