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%15.5%
1 years$192,409$190,695$189,023$187,391$185,797$181,601
2 years$95,252$93,478$91,759$90,092$88,475$84,270
3 years$62,871$61,089$59,374$57,723$56,132$52,049
4 years$46,683$44,907$43,209$41,586$40,034$36,105
5 years$36,973$35,208$33,532$31,942$30,433$26,669
6 years$30,502$28,750$27,099$25,544$24,081$20,485
7 years$25,881$24,144$22,519$21,001$19,584$16,158
8 years$22,418$20,696$19,098$17,618$16,247$12,989
9 years$19,725$18,019$16,449$15,006$13,682$10,590
10 years$17,572$15,883$14,341$12,936$11,658$8,728
11 years$15,812$14,140$12,625$11,258$10,026$7,255
12 years$14,346$12,691$11,205$9,875$8,689$6,071
13 years$13,107$11,469$10,011$8,718$7,577$5,109
14 years$12,045$10,425$8,995$7,739$6,642$4,318
15 years$11,126$9,524$8,121$6,902$5,848$3,663
16 years$10,323$8,738$7,363$6,180$5,168$3,117
17 years$9,615$8,047$6,700$5,552$4,583$2,659
18 years$8,986$7,436$6,116$5,004$4,075$2,274
19 years$8,424$6,891$5,599$4,521$3,632$1,947
20 years$7,919$6,404$5,139$4,095$3,244$1,671
21 years$7,463$5,965$4,726$3,716$2,903$1,435
22 years$7,048$5,568$4,356$3,379$2,602$1,234
23 years$6,670$5,208$4,022$3,077$2,336$1,062
24 years$6,325$4,879$3,720$2,807$2,099$915
25 years$6,007$4,579$3,445$2,563$1,889$789
26 years$5,714$4,303$3,195$2,344$1,702$680
27 years$5,444$4,050$2,967$2,145$1,534$587
28 years$5,193$3,816$2,758$1,966$1,384$507
29 years$4,960$3,600$2,567$1,802$1,250$438
30 years$4,743$3,400$2,391$1,654$1,130$378
31 years$4,540$3,214$2,229$1,519$1,021$327
32 years$4,350$3,041$2,080$1,396$924$283
33 years$4,173$2,880$1,942$1,284$836$244
34 years$4,006$2,730$1,814$1,181$757$211
35 years$3,849$2,589$1,696$1,087$686$183
36 years$3,701$2,457$1,587$1,002$621$158
37 years$3,561$2,334$1,485$923$563$137
38 years$3,429$2,218$1,391$851$510$118
39 years$3,304$2,109$1,303$784$463$102
40 years$3,185$2,007$1,221$723$420$89
41 years$3,073$1,910$1,145$667$381$77
42 years$2,966$1,819$1,074$616$346$66
43 years$2,865$1,733$1,008$569$314$57
44 years$2,768$1,652$946$525$285$50
45 years$2,676$1,576$889$485$258$43
46 years$2,589$1,503$835$448$235$37
47 years$2,505$1,434$784$414$213$32
48 years$2,425$1,369$737$382$194$28
49 years$2,348$1,308$692$353$176$24
50 years$2,275$1,249$651$327$160$21

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 $3,370 every year, while hoping to spend $26,285 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: 29/50/21 Blend
69$2,330,000$2,330,000$2,330,000$2,330,000
70$2,571,136$2,447,646$2,411,531$2,628,648
71$2,805,425$2,539,614$2,464,350$2,765,145
72$3,062,730$2,635,207$2,518,058$2,909,223
73$3,345,372$2,734,575$2,572,656$3,063,574
74$3,655,906$2,837,875$2,628,146$3,229,096
75$3,997,148$2,945,270$2,684,528$3,406,774
76$4,372,198$3,056,930$2,741,802$3,597,690
77$4,784,476$3,173,033$2,799,965$3,803,028
78$5,237,744$3,293,764$2,859,016$4,024,087
79$5,736,151$3,419,315$2,918,950$4,262,295
80$6,284,267$3,549,890$2,979,763$4,519,216
81$6,887,126$3,685,698$3,041,449$4,796,568
82$7,550,275$3,826,960$3,104,000$5,096,238
83$8,279,827$3,973,904$3,167,407$5,420,298
84$9,082,514$4,126,771$3,231,661$5,771,022
85$9,965,757$4,285,809$3,296,748$6,150,912
86$10,937,731$4,451,280$3,362,656$6,562,712
87$12,007,443$4,623,457$3,429,368$7,009,442
88$13,184,819$4,802,623$3,496,869$7,494,419
89$14,480,795$4,989,076$3,565,139$8,021,290
90$15,907,421$5,183,126$3,634,156$8,594,063
91$17,477,975$5,385,096$3,703,897$9,217,147
92$19,207,087$5,595,324$3,774,336$9,895,389
93$21,110,879$5,814,164$3,845,445$10,634,121
94$23,207,114$6,041,984$3,917,193$11,439,206
95$25,515,368$6,279,169$3,989,547$12,317,095
96$28,057,209$6,526,122$4,062,471$13,274,883
97$30,856,405$6,783,262$4,135,924$14,320,380
98$33,939,146$7,051,030$4,209,865$15,462,174
99$37,334,291$7,329,883$4,284,248$16,709,721
100$41,073,642$7,620,300$4,359,023$18,073,424