Can I retire at age 70 with 2,380,000?

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 $2,380,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$196,538$194,788$193,080$191,412$189,785$184,300
2 years$97,296$95,484$93,728$92,025$90,374$84,892
3 years$64,220$62,400$60,648$58,961$57,337$52,029
4 years$47,685$45,871$44,136$42,478$40,893$35,801
5 years$37,766$35,963$34,252$32,627$31,086$26,223
6 years$31,156$29,367$27,680$26,092$24,597$19,967
7 years$26,437$24,662$23,003$21,452$20,004$15,607
8 years$22,899$21,140$19,508$17,996$16,596$12,429
9 years$20,148$18,406$16,802$15,328$13,976$10,036
10 years$17,949$16,224$14,649$13,213$11,908$8,190
11 years$16,151$14,443$12,896$11,499$10,241$6,738
12 years$14,654$12,964$11,445$10,086$8,875$5,580
13 years$13,388$11,715$10,226$8,905$7,739$4,645
14 years$12,304$10,649$9,188$7,905$6,784$3,883
15 years$11,365$9,728$8,295$7,050$5,973$3,258
16 years$10,544$8,925$7,521$6,312$5,279$2,740
17 years$9,821$8,220$6,844$5,671$4,681$2,311
18 years$9,179$7,595$6,247$5,111$4,162$1,953
19 years$8,605$7,039$5,719$4,618$3,710$1,652
20 years$8,089$6,541$5,249$4,183$3,314$1,400
21 years$7,623$6,093$4,828$3,796$2,965$1,188
22 years$7,199$5,688$4,450$3,452$2,658$1,009
23 years$6,814$5,319$4,108$3,143$2,386$858
24 years$6,460$4,984$3,800$2,867$2,145$730
25 years$6,136$4,677$3,519$2,618$1,930$621
26 years$5,837$4,396$3,264$2,394$1,738$529
27 years$5,561$4,137$3,031$2,191$1,567$450
28 years$5,305$3,898$2,818$2,008$1,414$384
29 years$5,066$3,678$2,622$1,841$1,277$327
30 years$4,845$3,473$2,442$1,690$1,154$279
31 years$4,638$3,283$2,277$1,552$1,043$238
32 years$4,444$3,107$2,124$1,426$944$203
33 years$4,262$2,942$1,983$1,311$854$173
34 years$4,092$2,788$1,853$1,207$773$148
35 years$3,931$2,645$1,733$1,111$700$126
36 years$3,780$2,510$1,621$1,023$634$108
37 years$3,637$2,384$1,517$943$575$92
38 years$3,502$2,266$1,421$869$521$78
39 years$3,375$2,155$1,331$801$473$67
40 years$3,254$2,050$1,248$739$429$57
41 years$3,139$1,951$1,170$682$389$49
42 years$3,030$1,858$1,097$629$353$42
43 years$2,926$1,771$1,030$581$320$36
44 years$2,828$1,688$967$536$291$30
45 years$2,734$1,609$908$495$264$26
46 years$2,644$1,535$852$457$240$22
47 years$2,559$1,465$801$423$218$19
48 years$2,477$1,399$753$391$198$16
49 years$2,399$1,336$707$361$180$14
50 years$2,324$1,276$665$334$163$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,380,000, adding $4,331 every year, while hoping to spend $55,694 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: 22/49/29 Blend
69$2,380,000$2,380,000$2,380,000$2,380,000
70$2,627,227$2,501,087$2,464,197$2,660,835
71$2,835,947$2,564,383$2,487,490$2,754,532
72$3,064,089$2,628,913$2,509,696$2,849,772
73$3,313,576$2,694,680$2,530,721$2,950,472
74$3,586,524$2,761,683$2,550,464$3,057,115
75$3,885,265$2,829,920$2,568,820$3,170,233
76$4,212,364$2,899,389$2,585,678$3,290,413
77$4,570,647$2,970,081$2,600,920$3,418,303
78$4,963,227$3,041,989$2,614,425$3,554,615
79$5,393,531$3,115,101$2,626,063$3,700,137
80$5,865,334$3,189,404$2,635,698$3,855,735
81$6,382,793$3,264,879$2,643,189$4,022,367
82$6,950,487$3,341,508$2,648,385$4,201,087
83$7,573,461$3,419,265$2,651,130$4,393,059
84$8,257,270$3,498,125$2,651,259$4,599,567
85$9,008,033$3,578,055$2,648,598$4,822,026
86$9,832,493$3,659,021$2,642,967$5,061,999
87$10,738,076$3,740,981$2,634,174$5,321,209
88$11,732,962$3,823,891$2,622,021$5,601,556
89$12,826,164$3,907,702$2,606,299$5,905,136
90$14,027,610$3,992,357$2,586,787$6,234,264
91$15,348,239$4,077,795$2,563,258$6,591,490
92$16,800,101$4,163,949$2,535,468$6,979,629
93$18,396,473$4,250,744$2,503,168$7,401,787
94$20,151,982$4,338,099$2,466,093$7,861,390
95$22,082,743$4,425,925$2,423,966$8,362,215
96$24,206,513$4,514,125$2,376,499$8,908,431
97$26,542,854$4,602,594$2,323,389$9,504,637
98$29,113,321$4,691,217$2,264,318$10,155,905
99$31,941,663$4,779,870$2,198,956$10,867,829
100$35,054,048$4,868,419$2,126,956$11,646,581