Can I retire at age 70 with 2,350,000?

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$194,061$192,332$190,646$189,000$187,392$185,204
2 years$96,070$94,280$92,546$90,865$89,234$87,032
3 years$63,410$61,613$59,884$58,218$56,614$54,466
4 years$47,084$45,292$43,580$41,943$40,378$38,300
5 years$37,290$35,510$33,820$32,216$30,694$28,693
6 years$30,764$28,996$27,331$25,764$24,287$22,366
7 years$26,103$24,351$22,713$21,182$19,752$17,910
8 years$22,610$20,873$19,262$17,769$16,386$14,624
9 years$19,894$18,174$16,590$15,135$13,800$12,116
10 years$17,723$16,020$14,464$13,047$11,758$10,153
11 years$15,948$14,261$12,734$11,354$10,112$8,583
12 years$14,469$12,800$11,301$9,959$8,763$7,309
13 years$13,219$11,568$10,097$8,793$7,642$6,261
14 years$12,149$10,515$9,072$7,805$6,699$5,389
15 years$11,222$9,605$8,191$6,961$5,898$4,657
16 years$10,411$8,813$7,426$6,233$5,213$4,039
17 years$9,697$8,116$6,757$5,600$4,622$3,512
18 years$9,063$7,500$6,169$5,047$4,110$3,062
19 years$8,496$6,951$5,647$4,560$3,663$2,676
20 years$7,987$6,459$5,183$4,130$3,272$2,342
21 years$7,527$6,016$4,767$3,748$2,928$2,053
22 years$7,109$5,616$4,394$3,408$2,624$1,803
23 years$6,728$5,252$4,057$3,104$2,356$1,584
24 years$6,379$4,921$3,752$2,831$2,117$1,394
25 years$6,059$4,618$3,475$2,585$1,905$1,228
26 years$5,763$4,340$3,223$2,364$1,716$1,082
27 years$5,491$4,085$2,993$2,164$1,547$954
28 years$5,238$3,849$2,782$1,982$1,396$842
29 years$5,003$3,631$2,589$1,818$1,261$744
30 years$4,784$3,429$2,411$1,668$1,139$657
31 years$4,579$3,242$2,248$1,532$1,030$580
32 years$4,388$3,067$2,098$1,408$932$513
33 years$4,209$2,905$1,958$1,295$843$454
34 years$4,040$2,753$1,830$1,191$763$401
35 years$3,882$2,611$1,711$1,097$691$355
36 years$3,732$2,479$1,600$1,010$626$314
37 years$3,591$2,354$1,498$931$568$278
38 years$3,458$2,237$1,403$858$515$246
39 years$3,332$2,127$1,314$791$467$218
40 years$3,213$2,024$1,232$730$423$193
41 years$3,100$1,927$1,155$673$384$171
42 years$2,992$1,835$1,084$621$349$152
43 years$2,890$1,748$1,017$573$316$134
44 years$2,792$1,666$954$529$287$119
45 years$2,699$1,589$896$489$261$105
46 years$2,611$1,516$842$452$237$93
47 years$2,526$1,447$791$417$215$83
48 years$2,446$1,381$743$386$195$73
49 years$2,368$1,319$698$356$177$65
50 years$2,294$1,260$657$329$161$58

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,350,000, adding $3,812 every year, while hoping to spend $38,266 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: 45/26/29 Blend
69$2,350,000$2,350,000$2,350,000$2,350,000
70$2,593,632$2,469,082$2,432,657$2,688,435
71$2,817,468$2,549,352$2,473,436$2,836,602
72$3,062,852$2,632,273$2,514,299$2,993,239
73$3,331,943$2,717,935$2,555,208$3,162,395
74$3,627,117$2,806,429$2,596,123$3,345,264
75$3,950,990$2,897,851$2,637,001$3,543,155
76$4,306,447$2,992,302$2,677,796$3,757,513
77$4,696,663$3,089,883$2,718,460$3,989,925
78$5,125,136$3,190,700$2,758,942$4,242,140
79$5,595,719$3,294,865$2,799,186$4,516,083
80$6,112,659$3,402,489$2,839,135$4,813,873
81$6,680,631$3,513,692$2,878,727$5,137,842
82$7,304,787$3,628,595$2,917,896$5,490,558
83$7,990,803$3,747,324$2,956,574$5,874,852
84$8,744,932$3,870,010$2,994,686$6,293,836
85$9,574,063$3,996,788$3,032,156$6,750,941
86$10,485,785$4,127,798$3,068,901$7,249,944
87$11,488,461$4,263,186$3,104,835$7,795,006
88$12,591,303$4,403,101$3,139,866$8,390,709
89$13,804,462$4,547,700$3,173,898$9,042,101
90$15,139,122$4,697,142$3,206,828$9,754,741
91$16,607,606$4,851,595$3,238,550$10,534,753
92$18,223,490$5,011,231$3,268,950$11,388,883
93$20,001,734$5,176,230$3,297,908$12,324,563
94$21,958,822$5,346,776$3,325,299$13,349,981
95$24,112,915$5,523,062$3,350,990$14,474,155
96$26,484,027$5,705,286$3,374,842$15,707,022
97$29,094,206$5,893,654$3,396,708$17,059,530
98$31,967,752$6,088,379$3,416,434$18,543,739
99$35,131,436$6,289,683$3,433,858$20,172,939
100$38,614,760$6,497,795$3,448,810$21,961,769