Can I retire at age 70 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$197,364$195,606$193,891$192,217$190,582$189,619
2 years$97,705$95,885$94,122$92,412$90,753$89,782
3 years$64,490$62,662$60,903$59,209$57,578$56,627
4 years$47,885$46,063$44,322$42,657$41,065$40,143
5 years$37,925$36,114$34,396$32,765$31,217$30,326
6 years$31,287$29,490$27,797$26,202$24,701$23,843
7 years$26,548$24,766$23,099$21,542$20,088$19,263
8 years$22,995$21,229$19,590$18,071$16,665$15,873
9 years$20,233$18,483$16,873$15,393$14,035$13,275
10 years$18,025$16,292$14,710$13,269$11,958$11,231
11 years$16,219$14,504$12,951$11,548$10,284$9,589
12 years$14,715$13,018$11,493$10,129$8,912$8,248
13 years$13,444$11,764$10,268$8,942$7,772$7,138
14 years$12,355$10,694$9,226$7,938$6,813$6,209
15 years$11,413$9,769$8,330$7,079$5,998$5,424
16 years$10,589$8,963$7,552$6,339$5,301$4,755
17 years$9,862$8,254$6,872$5,695$4,701$4,182
18 years$9,217$7,627$6,274$5,133$4,180$3,688
19 years$8,641$7,069$5,743$4,638$3,725$3,259
20 years$8,123$6,569$5,271$4,200$3,327$2,886
21 years$7,655$6,119$4,848$3,812$2,978$2,561
22 years$7,230$5,711$4,468$3,466$2,669$2,275
23 years$6,842$5,342$4,126$3,157$2,396$2,024
24 years$6,488$5,005$3,816$2,879$2,154$1,803
25 years$6,162$4,697$3,534$2,629$1,938$1,608
26 years$5,862$4,414$3,278$2,404$1,746$1,435
27 years$5,584$4,154$3,044$2,201$1,574$1,281
28 years$5,327$3,915$2,829$2,016$1,420$1,145
29 years$5,088$3,693$2,633$1,849$1,282$1,025
30 years$4,865$3,488$2,453$1,697$1,159$917
31 years$4,657$3,297$2,286$1,558$1,047$821
32 years$4,463$3,120$2,133$1,432$948$735
33 years$4,280$2,954$1,992$1,317$858$659
34 years$4,109$2,800$1,861$1,212$776$591
35 years$3,948$2,656$1,740$1,115$703$530
36 years$3,796$2,521$1,628$1,027$637$475
37 years$3,653$2,394$1,523$947$577$426
38 years$3,517$2,275$1,427$872$524$383
39 years$3,389$2,164$1,337$804$475$344
40 years$3,268$2,058$1,253$742$431$308
41 years$3,152$1,959$1,175$685$391$277
42 years$3,043$1,866$1,102$632$354$249
43 years$2,939$1,778$1,034$583$322$223
44 years$2,840$1,695$971$538$292$201
45 years$2,745$1,616$911$497$265$180
46 years$2,655$1,542$856$459$241$162
47 years$2,569$1,471$804$424$219$146
48 years$2,487$1,405$756$392$198$131
49 years$2,409$1,341$710$362$180$118
50 years$2,333$1,281$668$335$164$106

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,390,000, adding $3,767 every year, while hoping to spend $58,577 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: 34/45/21 Blend
69$2,390,000$2,390,000$2,390,000$2,390,000
70$2,637,666$2,510,996$2,473,951$2,710,282
71$2,844,382$2,571,709$2,494,503$2,825,077
72$3,070,220$2,633,434$2,513,780$2,943,140
73$3,317,069$2,696,158$2,531,677$3,069,252
74$3,587,007$2,759,867$2,548,086$3,204,161
75$3,882,325$2,824,544$2,562,889$3,348,691
76$4,205,542$2,890,166$2,575,966$3,503,751
77$4,559,435$2,956,712$2,587,189$3,670,342
78$4,947,060$3,024,154$2,596,422$3,849,568
79$5,371,783$3,092,460$2,603,526$4,042,645
80$5,837,312$3,161,598$2,608,351$4,250,914
81$6,347,730$3,231,529$2,610,743$4,475,852
82$6,907,533$3,302,208$2,610,538$4,719,090
83$7,521,675$3,373,590$2,607,564$4,982,423
84$8,195,611$3,445,621$2,601,642$5,267,832
85$8,935,350$3,518,243$2,592,584$5,577,500
86$9,747,512$3,591,393$2,580,192$5,913,835
87$10,639,388$3,665,001$2,564,258$6,279,491
88$11,619,011$3,738,991$2,544,566$6,677,395
89$12,695,229$3,813,281$2,520,888$7,110,774
90$13,877,790$3,887,779$2,492,985$7,583,186
91$15,177,433$3,962,389$2,460,609$8,098,555
92$16,605,990$4,037,005$2,423,498$8,661,207
93$18,176,493$4,111,511$2,381,378$9,275,912
94$19,903,304$4,185,783$2,333,962$9,947,931
95$21,802,243$4,259,689$2,280,952$10,683,063
96$23,890,741$4,333,083$2,222,033$11,487,703
97$26,188,003$4,405,810$2,156,878$12,368,903
98$28,715,189$4,477,704$2,085,142$13,334,438
99$31,495,612$4,548,585$2,006,468$14,392,880
100$34,554,959$4,618,261$1,920,480$15,553,682