Can I retire at age 70 with 2,370,000?

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 $2,370,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$195,712$193,969$192,268$190,608$188,987$181,417
2 years$96,887$95,083$93,334$91,639$89,994$82,462
3 years$63,950$62,138$60,393$58,714$57,096$49,840
4 years$47,484$45,678$43,951$42,300$40,721$33,796
5 years$37,608$35,812$34,108$32,490$30,956$24,379
6 years$31,025$29,243$27,564$25,983$24,494$18,270
7 years$26,326$24,558$22,906$21,362$19,920$14,046
8 years$22,802$21,051$19,426$17,920$16,526$10,996
9 years$20,064$18,329$16,732$15,264$13,917$8,722
10 years$17,874$16,156$14,587$13,158$11,858$6,989
11 years$16,083$14,383$12,842$11,451$10,198$5,643
12 years$14,592$12,909$11,397$10,044$8,838$4,583
13 years$13,332$11,666$10,183$8,867$7,707$3,741
14 years$12,252$10,604$9,149$7,872$6,756$3,065
15 years$11,317$9,687$8,260$7,020$5,948$2,518
16 years$10,500$8,888$7,489$6,286$5,257$2,075
17 years$9,780$8,185$6,815$5,648$4,661$1,713
18 years$9,140$7,564$6,221$5,090$4,145$1,416
19 years$8,569$7,010$5,695$4,599$3,694$1,172
20 years$8,055$6,514$5,227$4,165$3,300$972
21 years$7,591$6,067$4,808$3,780$2,953$806
22 years$7,169$5,664$4,431$3,437$2,647$669
23 years$6,785$5,297$4,091$3,130$2,376$556
24 years$6,433$4,963$3,784$2,855$2,136$462
25 years$6,110$4,658$3,504$2,607$1,922$384
26 years$5,813$4,377$3,250$2,384$1,731$320
27 years$5,537$4,120$3,018$2,182$1,561$266
28 years$5,282$3,882$2,806$1,999$1,408$221
29 years$5,045$3,662$2,611$1,833$1,272$184
30 years$4,824$3,458$2,432$1,683$1,149$153
31 years$4,618$3,269$2,267$1,545$1,039$128
32 years$4,425$3,094$2,115$1,420$940$106
33 years$4,244$2,930$1,975$1,306$850$89
34 years$4,074$2,777$1,845$1,202$770$74
35 years$3,915$2,634$1,725$1,106$697$62
36 years$3,764$2,500$1,614$1,019$632$51
37 years$3,622$2,374$1,511$939$573$43
38 years$3,488$2,256$1,415$865$519$36
39 years$3,361$2,145$1,325$798$471$30
40 years$3,240$2,041$1,242$736$427$25
41 years$3,126$1,943$1,165$679$387$21
42 years$3,017$1,851$1,093$626$352$17
43 years$2,914$1,763$1,025$578$319$14
44 years$2,816$1,681$963$534$290$12
45 years$2,722$1,603$904$493$263$10
46 years$2,633$1,529$849$456$239$8
47 years$2,548$1,459$797$421$217$7
48 years$2,466$1,393$749$389$197$6
49 years$2,388$1,330$704$359$179$5
50 years$2,314$1,271$662$332$162$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,370,000, adding $4,498 every year, while hoping to spend $38,347 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: 65/24/11 Blend
69$2,370,000$2,370,000$2,370,000$2,370,000
70$2,616,380$2,490,770$2,454,035$2,779,797
71$2,842,450$2,572,016$2,495,444$2,970,607
72$3,090,293$2,655,959$2,536,955$3,174,095
73$3,362,091$2,742,689$2,578,531$3,395,454
74$3,660,245$2,832,302$2,620,133$3,636,424
75$3,987,400$2,924,895$2,661,717$3,898,920
76$4,346,470$3,020,570$2,703,240$4,185,048
77$4,740,665$3,119,432$2,744,653$4,497,130
78$5,173,519$3,221,590$2,785,905$4,837,719
79$5,648,927$3,327,158$2,826,942$5,209,627
80$6,171,180$3,436,251$2,867,707$5,615,951
81$6,745,003$3,548,990$2,908,138$6,060,099
82$7,375,604$3,665,501$2,948,172$6,545,826
83$8,068,719$3,785,914$2,987,738$7,077,265
84$8,830,666$3,910,362$3,026,766$7,658,968
85$9,668,409$4,038,984$3,065,177$8,295,949
86$10,589,617$4,171,925$3,102,891$8,993,730
87$11,602,743$4,309,333$3,139,822$9,758,391
88$12,717,095$4,451,364$3,175,879$10,596,631
89$13,942,935$4,598,176$3,210,967$11,515,829
90$15,291,564$4,749,936$3,244,984$12,524,109
91$16,775,436$4,906,816$3,277,824$13,630,426
92$18,408,273$5,068,993$3,309,374$14,844,639
93$20,205,195$5,236,651$3,339,515$16,177,612
94$22,182,860$5,409,982$3,368,124$17,641,311
95$24,359,624$5,589,184$3,395,069$19,248,921
96$26,755,712$5,774,461$3,420,210$21,014,963
97$29,393,411$5,966,025$3,443,403$22,955,440
98$32,297,276$6,164,098$3,464,495$25,087,979
99$35,494,367$6,368,907$3,483,323$27,432,001
100$39,014,497$6,580,689$3,499,720$30,008,903