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%12.6%
1 years$195,712$193,969$192,268$190,608$188,987$186,936
2 years$96,887$95,083$93,334$91,639$89,994$87,928
3 years$63,950$62,138$60,393$58,714$57,096$55,080
4 years$47,484$45,678$43,951$42,300$40,721$38,771
5 years$37,608$35,812$34,108$32,490$30,956$29,077
6 years$31,025$29,243$27,564$25,983$24,494$22,689
7 years$26,326$24,558$22,906$21,362$19,920$18,189
8 years$22,802$21,051$19,426$17,920$16,526$14,869
9 years$20,064$18,329$16,732$15,264$13,917$12,334
10 years$17,874$16,156$14,587$13,158$11,858$10,347
11 years$16,083$14,383$12,842$11,451$10,198$8,759
12 years$14,592$12,909$11,397$10,044$8,838$7,468
13 years$13,332$11,666$10,183$8,867$7,707$6,405
14 years$12,252$10,604$9,149$7,872$6,756$5,520
15 years$11,317$9,687$8,260$7,020$5,948$4,777
16 years$10,500$8,888$7,489$6,286$5,257$4,149
17 years$9,780$8,185$6,815$5,648$4,661$3,613
18 years$9,140$7,564$6,221$5,090$4,145$3,155
19 years$8,569$7,010$5,695$4,599$3,694$2,760
20 years$8,055$6,514$5,227$4,165$3,300$2,420
21 years$7,591$6,067$4,808$3,780$2,953$2,125
22 years$7,169$5,664$4,431$3,437$2,647$1,868
23 years$6,785$5,297$4,091$3,130$2,376$1,644
24 years$6,433$4,963$3,784$2,855$2,136$1,449
25 years$6,110$4,658$3,504$2,607$1,922$1,278
26 years$5,813$4,377$3,250$2,384$1,731$1,128
27 years$5,537$4,120$3,018$2,182$1,561$997
28 years$5,282$3,882$2,806$1,999$1,408$881
29 years$5,045$3,662$2,611$1,833$1,272$779
30 years$4,824$3,458$2,432$1,683$1,149$689
31 years$4,618$3,269$2,267$1,545$1,039$610
32 years$4,425$3,094$2,115$1,420$940$540
33 years$4,244$2,930$1,975$1,306$850$479
34 years$4,074$2,777$1,845$1,202$770$424
35 years$3,915$2,634$1,725$1,106$697$376
36 years$3,764$2,500$1,614$1,019$632$333
37 years$3,622$2,374$1,511$939$573$295
38 years$3,488$2,256$1,415$865$519$262
39 years$3,361$2,145$1,325$798$471$232
40 years$3,240$2,041$1,242$736$427$206
41 years$3,126$1,943$1,165$679$387$183
42 years$3,017$1,851$1,093$626$352$162
43 years$2,914$1,763$1,025$578$319$144
44 years$2,816$1,681$963$534$290$128
45 years$2,722$1,603$904$493$263$113
46 years$2,633$1,529$849$456$239$101
47 years$2,548$1,459$797$421$217$89
48 years$2,466$1,393$749$389$197$79
49 years$2,388$1,330$704$359$179$70
50 years$2,314$1,271$662$332$162$63

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 $6,762 every year, while hoping to spend $36,326 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: 29/46/25 Blend
69$2,370,000$2,370,000$2,370,000$2,370,000
70$2,618,715$2,493,105$2,456,370$2,674,154
71$2,847,173$2,576,617$2,500,008$2,801,498
72$3,097,717$2,663,003$2,543,890$2,934,663
73$3,372,560$2,752,366$2,587,986$3,077,088
74$3,674,142$2,844,813$2,632,265$3,229,596
75$4,005,149$2,940,453$2,676,690$3,393,088
76$4,368,540$3,039,401$2,721,225$3,568,558
77$4,767,576$3,141,776$2,765,831$3,757,093
78$5,205,847$3,247,701$2,810,464$3,959,889
79$5,687,308$3,357,304$2,855,080$4,178,261
80$6,216,318$3,470,717$2,899,630$4,413,654
81$6,797,678$3,588,077$2,944,063$4,667,653
82$7,436,677$3,709,528$2,988,324$4,942,006
83$8,139,141$3,835,218$3,032,356$5,238,630
84$8,911,489$3,965,300$3,076,096$5,559,635
85$9,760,795$4,099,934$3,119,480$5,907,342
86$10,694,851$4,239,285$3,162,437$6,284,303
87$11,722,242$4,383,526$3,204,895$6,693,326
88$12,852,427$4,532,835$3,246,775$7,137,500
89$14,095,828$4,687,398$3,287,995$7,620,224
90$15,463,929$4,847,406$3,328,469$8,145,238
91$16,969,381$5,013,060$3,368,104$8,716,658
92$18,626,125$5,184,568$3,406,803$9,339,016
93$20,449,521$5,362,144$3,444,463$10,017,296
94$22,456,496$5,546,012$3,480,976$10,756,988
95$24,665,697$5,736,405$3,516,227$11,564,136
96$27,097,674$5,933,565$3,550,097$12,445,390
97$29,775,069$6,137,742$3,582,457$13,408,077
98$32,722,832$6,349,197$3,613,175$14,460,260
99$35,968,453$6,568,200$3,642,109$15,610,819
100$39,542,227$6,795,033$3,669,111$16,869,534