Can I retire at age 70 with 2,410,000?

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$199,016$197,243$195,513$193,825$192,177$188,605
2 years$98,523$96,688$94,909$93,185$91,513$87,928
3 years$65,029$63,186$61,413$59,705$58,059$54,573
4 years$48,286$46,449$44,693$43,014$41,408$38,047
5 years$38,243$36,416$34,683$33,039$31,478$28,252
6 years$31,549$29,737$28,029$26,421$24,908$21,819
7 years$26,770$24,973$23,292$21,722$20,256$17,307
8 years$23,187$21,406$19,754$18,222$16,805$13,994
9 years$20,402$18,638$17,014$15,521$14,152$11,478
10 years$18,175$16,429$14,833$13,380$12,058$9,519
11 years$16,355$14,625$13,059$11,644$10,370$7,962
12 years$14,839$13,127$11,589$10,214$8,987$6,707
13 years$13,557$11,863$10,354$9,017$7,837$5,681
14 years$12,459$10,783$9,303$8,004$6,870$4,834
15 years$11,508$9,851$8,400$7,138$6,049$4,130
16 years$10,677$9,038$7,616$6,392$5,346$3,539
17 years$9,945$8,323$6,930$5,743$4,740$3,041
18 years$9,294$7,691$6,326$5,176$4,214$2,619
19 years$8,713$7,128$5,791$4,677$3,756$2,260
20 years$8,191$6,624$5,315$4,236$3,355$1,953
21 years$7,719$6,170$4,889$3,844$3,003$1,691
22 years$7,290$5,759$4,506$3,495$2,691$1,465
23 years$6,899$5,387$4,160$3,183$2,416$1,271
24 years$6,542$5,047$3,848$2,903$2,172$1,103
25 years$6,213$4,736$3,564$2,651$1,954$959
26 years$5,911$4,451$3,305$2,424$1,760$834
27 years$5,631$4,189$3,069$2,219$1,587$725
28 years$5,371$3,947$2,853$2,033$1,432$631
29 years$5,130$3,724$2,655$1,864$1,293$550
30 years$4,906$3,517$2,473$1,711$1,168$479
31 years$4,696$3,325$2,306$1,571$1,056$417
32 years$4,500$3,146$2,151$1,444$955$364
33 years$4,316$2,979$2,008$1,328$865$317
34 years$4,143$2,823$1,877$1,222$783$277
35 years$3,981$2,678$1,755$1,125$709$241
36 years$3,828$2,542$1,641$1,036$642$211
37 years$3,683$2,414$1,536$954$582$184
38 years$3,547$2,294$1,439$880$528$160
39 years$3,417$2,182$1,348$811$479$140
40 years$3,295$2,076$1,263$748$434$122
41 years$3,179$1,976$1,185$690$394$107
42 years$3,068$1,882$1,111$637$357$93
43 years$2,963$1,793$1,043$588$324$81
44 years$2,863$1,709$979$543$294$71
45 years$2,768$1,630$919$501$267$62
46 years$2,677$1,555$863$463$243$54
47 years$2,591$1,484$811$428$220$47
48 years$2,508$1,416$762$395$200$41
49 years$2,429$1,353$716$365$182$36
50 years$2,353$1,292$673$338$165$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,410,000, adding $6,339 every year, while hoping to spend $43,719 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: 68/18/14 Blend
69$2,410,000$2,410,000$2,410,000$2,410,000
70$2,662,359$2,534,629$2,497,274$2,834,442
71$2,887,403$2,612,309$2,534,416$3,027,520
72$3,133,936$2,692,330$2,571,337$3,232,835
73$3,404,104$2,774,761$2,607,983$3,456,280
74$3,700,270$2,859,672$2,644,298$3,699,632
75$4,025,037$2,947,135$2,680,221$3,964,845
76$4,381,271$3,037,225$2,715,689$4,254,073
77$4,772,130$3,130,019$2,750,635$4,569,686
78$5,201,092$3,225,594$2,784,985$4,914,296
79$5,671,988$3,324,032$2,818,667$5,290,778
80$6,189,037$3,425,416$2,851,598$5,702,297
81$6,756,888$3,529,831$2,883,696$6,152,342
82$7,380,661$3,637,363$2,914,870$6,644,754
83$8,065,999$3,748,104$2,945,029$7,183,763
84$8,819,114$3,862,145$2,974,071$7,774,029
85$9,646,855$3,979,582$3,001,894$8,420,687
86$10,556,764$4,100,510$3,028,386$9,129,390
87$11,557,149$4,225,031$3,053,433$9,906,369
88$12,657,168$4,353,247$3,076,912$10,758,485
89$13,866,906$4,485,263$3,098,696$11,693,299
90$15,197,476$4,621,187$3,118,648$12,719,139
91$16,661,123$4,761,129$3,136,627$13,845,182
92$18,271,338$4,905,204$3,152,484$15,081,537
93$20,042,984$5,053,529$3,166,062$16,439,342
94$21,992,438$5,206,222$3,177,195$17,930,868
95$24,137,747$5,363,408$3,185,712$19,569,636
96$26,498,794$5,525,210$3,191,429$21,370,544
97$29,097,485$5,691,760$3,194,156$23,350,005
98$31,957,960$5,863,188$3,193,692$25,526,106
99$35,106,819$6,039,632$3,189,828$27,918,772
100$38,573,370$6,221,229$3,182,343$30,549,962