Can I retire at age 70 with 2,400,000?

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 $2,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$198,190$196,424$194,702$193,021$191,379$187,592
2 years$98,114$96,286$94,516$92,799$91,133$87,333
3 years$64,759$62,924$61,158$59,457$57,819$54,125
4 years$48,086$46,256$44,507$42,835$41,237$37,678
5 years$38,084$36,265$34,539$32,902$31,347$27,933
6 years$31,418$29,613$27,913$26,312$24,804$21,538
7 years$26,659$24,869$23,196$21,632$20,172$17,056
8 years$23,091$21,318$19,672$18,147$16,735$13,767
9 years$20,318$18,561$16,943$15,457$14,093$11,271
10 years$18,100$16,360$14,772$13,324$12,008$9,330
11 years$16,287$14,565$13,005$11,596$10,327$7,790
12 years$14,777$13,072$11,541$10,171$8,950$6,549
13 years$13,500$11,814$10,311$8,980$7,804$5,536
14 years$12,407$10,738$9,265$7,971$6,841$4,701
15 years$11,460$9,810$8,365$7,109$6,023$4,008
16 years$10,633$9,000$7,584$6,365$5,324$3,427
17 years$9,904$8,289$6,901$5,719$4,720$2,939
18 years$9,256$7,659$6,300$5,154$4,197$2,525
19 years$8,677$7,099$5,767$4,657$3,741$2,174
20 years$8,157$6,596$5,293$4,218$3,341$1,875
21 years$7,687$6,144$4,868$3,828$2,990$1,619
22 years$7,260$5,735$4,487$3,481$2,680$1,400
23 years$6,871$5,364$4,143$3,170$2,406$1,212
24 years$6,515$5,026$3,832$2,891$2,163$1,050
25 years$6,188$4,717$3,549$2,640$1,946$910
26 years$5,886$4,433$3,291$2,414$1,753$789
27 years$5,607$4,172$3,056$2,210$1,580$685
28 years$5,349$3,931$2,841$2,025$1,426$595
29 years$5,109$3,708$2,644$1,857$1,288$517
30 years$4,885$3,502$2,463$1,704$1,163$449
31 years$4,677$3,311$2,296$1,565$1,052$390
32 years$4,481$3,133$2,142$1,438$951$339
33 years$4,298$2,967$2,000$1,323$861$295
34 years$4,126$2,812$1,869$1,217$780$257
35 years$3,964$2,667$1,747$1,120$706$223
36 years$3,812$2,531$1,634$1,032$640$194
37 years$3,668$2,404$1,530$951$580$169
38 years$3,532$2,285$1,433$876$526$147
39 years$3,403$2,173$1,342$808$477$128
40 years$3,281$2,067$1,258$745$432$112
41 years$3,165$1,968$1,180$687$392$97
42 years$3,056$1,874$1,107$634$356$85
43 years$2,951$1,785$1,038$586$323$74
44 years$2,852$1,702$975$541$293$64
45 years$2,757$1,623$915$499$266$56
46 years$2,666$1,548$860$461$242$49
47 years$2,580$1,477$808$426$219$42
48 years$2,498$1,410$759$394$199$37
49 years$2,419$1,347$713$364$181$32
50 years$2,343$1,287$671$336$164$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,400,000, adding $6,321 every year, while hoping to spend $30,008 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: 56/19/25 Blend
69$2,400,000$2,400,000$2,400,000$2,400,000
70$2,651,320$2,524,120$2,486,920$2,781,335
71$2,889,826$2,615,874$2,538,304$2,962,962
72$3,151,655$2,711,118$2,590,403$3,157,061
73$3,439,152$2,809,991$2,643,210$3,367,909
74$3,754,904$2,912,639$2,696,716$3,597,130
75$4,101,759$3,019,213$2,750,910$3,846,507
76$4,482,854$3,129,870$2,805,782$4,118,007
77$4,901,647$3,244,776$2,861,317$4,413,790
78$5,361,945$3,364,100$2,917,502$4,736,239
79$5,867,944$3,488,021$2,974,319$5,087,974
80$6,424,266$3,616,726$3,031,750$5,471,879
81$7,036,004$3,750,408$3,089,776$5,891,130
82$7,708,767$3,889,268$3,148,374$6,349,225
83$8,448,737$4,033,518$3,207,520$6,850,013
84$9,262,725$4,183,377$3,267,189$7,397,736
85$10,158,234$4,339,074$3,327,351$7,997,062
86$11,143,533$4,500,848$3,387,977$8,653,133
87$12,227,731$4,668,947$3,449,031$9,371,612
88$13,420,865$4,843,631$3,510,479$10,158,735
89$14,733,995$5,025,171$3,572,282$11,021,372
90$16,179,306$5,213,848$3,634,397$11,967,089
91$17,770,227$5,409,958$3,696,781$13,004,218
92$19,521,551$5,613,806$3,759,384$14,141,939
93$21,449,581$5,825,715$3,822,155$15,390,363
94$23,572,280$6,046,017$3,885,039$16,760,628
95$25,909,442$6,275,061$3,947,977$18,265,003
96$28,482,877$6,513,211$4,010,907$19,917,005
97$31,316,619$6,760,847$4,073,761$21,731,524
98$34,437,150$7,018,365$4,136,468$23,724,962
99$37,873,652$7,286,177$4,198,952$25,915,392
100$41,658,280$7,564,715$4,261,132$28,322,722