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

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 $2,350,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$194,061$192,332$190,646$189,000$187,392$185,127
2 years$96,070$94,280$92,546$90,865$89,234$86,955
3 years$63,410$61,613$59,884$58,218$56,614$54,391
4 years$47,084$45,292$43,580$41,943$40,378$38,228
5 years$37,290$35,510$33,820$32,216$30,694$28,625
6 years$30,764$28,996$27,331$25,764$24,287$22,300
7 years$26,103$24,351$22,713$21,182$19,752$17,848
8 years$22,610$20,873$19,262$17,769$16,386$14,565
9 years$19,894$18,174$16,590$15,135$13,800$12,060
10 years$17,723$16,020$14,464$13,047$11,758$10,099
11 years$15,948$14,261$12,734$11,354$10,112$8,533
12 years$14,469$12,800$11,301$9,959$8,763$7,262
13 years$13,219$11,568$10,097$8,793$7,642$6,216
14 years$12,149$10,515$9,072$7,805$6,699$5,347
15 years$11,222$9,605$8,191$6,961$5,898$4,618
16 years$10,411$8,813$7,426$6,233$5,213$4,002
17 years$9,697$8,116$6,757$5,600$4,622$3,478
18 years$9,063$7,500$6,169$5,047$4,110$3,030
19 years$8,496$6,951$5,647$4,560$3,663$2,645
20 years$7,987$6,459$5,183$4,130$3,272$2,314
21 years$7,527$6,016$4,767$3,748$2,928$2,027
22 years$7,109$5,616$4,394$3,408$2,624$1,778
23 years$6,728$5,252$4,057$3,104$2,356$1,562
24 years$6,379$4,921$3,752$2,831$2,117$1,373
25 years$6,059$4,618$3,475$2,585$1,905$1,208
26 years$5,763$4,340$3,223$2,364$1,716$1,064
27 years$5,491$4,085$2,993$2,164$1,547$938
28 years$5,238$3,849$2,782$1,982$1,396$827
29 years$5,003$3,631$2,589$1,818$1,261$729
30 years$4,784$3,429$2,411$1,668$1,139$644
31 years$4,579$3,242$2,248$1,532$1,030$569
32 years$4,388$3,067$2,098$1,408$932$502
33 years$4,209$2,905$1,958$1,295$843$444
34 years$4,040$2,753$1,830$1,191$763$392
35 years$3,882$2,611$1,711$1,097$691$347
36 years$3,732$2,479$1,600$1,010$626$307
37 years$3,591$2,354$1,498$931$568$271
38 years$3,458$2,237$1,403$858$515$240
39 years$3,332$2,127$1,314$791$467$212
40 years$3,213$2,024$1,232$730$423$188
41 years$3,100$1,927$1,155$673$384$166
42 years$2,992$1,835$1,084$621$349$147
43 years$2,890$1,748$1,017$573$316$130
44 years$2,792$1,666$954$529$287$115
45 years$2,699$1,589$896$489$261$102
46 years$2,611$1,516$842$452$237$90
47 years$2,526$1,447$791$417$215$80
48 years$2,446$1,381$743$386$195$71
49 years$2,368$1,319$698$356$177$63
50 years$2,294$1,260$657$329$161$56

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 $3,144 every year, while hoping to spend $54,348 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: 30/49/21 Blend
69$2,350,000$2,350,000$2,350,000$2,350,000
70$2,592,943$2,468,393$2,431,968$2,653,628
71$2,799,597$2,531,518$2,455,613$2,763,291
72$3,025,509$2,595,915$2,478,229$2,876,099
73$3,272,585$2,661,589$2,499,723$2,996,320
74$3,542,924$2,728,543$2,520,000$3,124,629
75$3,838,839$2,796,778$2,538,956$3,261,770
76$4,162,875$2,866,294$2,556,486$3,408,560
77$4,517,835$2,937,090$2,572,475$3,565,901
78$4,906,808$3,009,161$2,586,806$3,734,786
79$5,333,192$3,082,500$2,599,355$3,916,309
80$5,800,734$3,157,098$2,609,989$4,111,674
81$6,313,556$3,232,944$2,618,571$4,322,209
82$6,876,203$3,310,022$2,624,957$4,549,378
83$7,493,677$3,388,314$2,628,995$4,794,793
84$8,171,491$3,467,801$2,630,525$5,060,230
85$8,915,716$3,548,456$2,629,381$5,347,648
86$9,733,040$3,630,251$2,625,386$5,659,206
87$10,630,831$3,713,154$2,618,357$5,997,281
88$11,617,204$3,797,127$2,608,101$6,364,498
89$12,701,102$3,882,129$2,594,415$6,763,746
90$13,892,374$3,968,113$2,577,087$7,198,212
91$15,201,871$4,055,026$2,555,895$7,671,410
92$16,641,551$4,142,811$2,530,606$8,187,210
93$18,224,584$4,231,404$2,500,976$8,749,883
94$19,965,483$4,320,734$2,466,750$9,364,135
95$21,880,236$4,410,724$2,427,660$10,035,153
96$23,986,460$4,501,289$2,383,426$10,768,658
97$26,303,563$4,592,336$2,333,755$11,570,955
98$28,852,931$4,683,765$2,278,341$12,448,996
99$31,658,126$4,775,466$2,216,862$13,410,446
100$34,745,111$4,867,320$2,148,982$14,463,752