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

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 $2,410,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$199,016$197,243$195,513$193,825$192,177$186,699
2 years$98,523$96,688$94,909$93,185$91,513$86,036
3 years$65,029$63,186$61,413$59,705$58,059$52,756
4 years$48,286$46,449$44,693$43,014$41,408$36,319
5 years$38,243$36,416$34,683$33,039$31,478$26,616
6 years$31,549$29,737$28,029$26,421$24,908$20,278
7 years$26,770$24,973$23,292$21,722$20,256$15,860
8 years$23,187$21,406$19,754$18,222$16,805$12,638
9 years$20,402$18,638$17,014$15,521$14,152$10,211
10 years$18,175$16,429$14,833$13,380$12,058$8,337
11 years$16,355$14,625$13,059$11,644$10,370$6,864
12 years$14,839$13,127$11,589$10,214$8,987$5,688
13 years$13,557$11,863$10,354$9,017$7,837$4,738
14 years$12,459$10,783$9,303$8,004$6,870$3,964
15 years$11,508$9,851$8,400$7,138$6,049$3,327
16 years$10,677$9,038$7,616$6,392$5,346$2,801
17 years$9,945$8,323$6,930$5,743$4,740$2,364
18 years$9,294$7,691$6,326$5,176$4,214$1,999
19 years$8,713$7,128$5,791$4,677$3,756$1,693
20 years$8,191$6,624$5,315$4,236$3,355$1,436
21 years$7,719$6,170$4,889$3,844$3,003$1,219
22 years$7,290$5,759$4,506$3,495$2,691$1,036
23 years$6,899$5,387$4,160$3,183$2,416$881
24 years$6,542$5,047$3,848$2,903$2,172$750
25 years$6,213$4,736$3,564$2,651$1,954$639
26 years$5,911$4,451$3,305$2,424$1,760$545
27 years$5,631$4,189$3,069$2,219$1,587$464
28 years$5,371$3,947$2,853$2,033$1,432$396
29 years$5,130$3,724$2,655$1,864$1,293$338
30 years$4,906$3,517$2,473$1,711$1,168$288
31 years$4,696$3,325$2,306$1,571$1,056$246
32 years$4,500$3,146$2,151$1,444$955$210
33 years$4,316$2,979$2,008$1,328$865$179
34 years$4,143$2,823$1,877$1,222$783$153
35 years$3,981$2,678$1,755$1,125$709$131
36 years$3,828$2,542$1,641$1,036$642$112
37 years$3,683$2,414$1,536$954$582$96
38 years$3,547$2,294$1,439$880$528$82
39 years$3,417$2,182$1,348$811$479$70
40 years$3,295$2,076$1,263$748$434$60
41 years$3,179$1,976$1,185$690$394$51
42 years$3,068$1,882$1,111$637$357$43
43 years$2,963$1,793$1,043$588$324$37
44 years$2,863$1,709$979$543$294$32
45 years$2,768$1,630$919$501$267$27
46 years$2,677$1,555$863$463$243$23
47 years$2,591$1,484$811$428$220$20
48 years$2,508$1,416$762$395$200$17
49 years$2,429$1,353$716$365$182$14
50 years$2,353$1,292$673$338$165$12

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 $4,871 every year, while hoping to spend $24,259 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: 40/48/12 Blend
69$2,410,000$2,410,000$2,410,000$2,410,000
70$2,660,844$2,533,114$2,495,759$2,757,555
71$2,906,439$2,631,426$2,553,556$2,924,590
72$3,176,272$2,733,741$2,612,476$3,102,413
73$3,472,788$2,840,231$2,672,530$3,294,242
74$3,798,684$2,951,074$2,733,732$3,501,358
75$4,156,930$3,066,456$2,796,092$3,725,165
76$4,550,795$3,186,572$2,859,620$3,967,203
77$4,983,886$3,311,623$2,924,326$4,229,165
78$5,460,173$3,441,823$2,990,222$4,512,910
79$5,984,030$3,577,393$3,057,314$4,820,478
80$6,560,279$3,718,563$3,125,612$5,154,112
81$7,194,231$3,865,576$3,195,123$5,516,276
82$7,891,737$4,018,683$3,265,854$5,909,677
83$8,659,245$4,178,150$3,337,811$6,337,292
84$9,503,859$4,344,250$3,410,999$6,802,390
85$10,433,407$4,517,273$3,485,422$7,308,568
86$11,456,514$4,697,518$3,561,083$7,859,780
87$12,582,683$4,885,301$3,637,984$8,460,374
88$13,822,386$5,080,950$3,716,125$9,115,130
89$15,187,161$5,284,808$3,795,507$9,829,309
90$16,689,722$5,497,235$3,876,127$10,608,694
91$18,344,079$5,718,604$3,957,982$11,459,650
92$20,165,668$5,949,309$4,041,068$12,389,179
93$22,171,499$6,189,759$4,125,377$13,404,983
94$24,380,318$6,440,382$4,210,903$14,515,541
95$26,812,776$6,701,626$4,297,634$15,730,180
96$29,491,633$6,973,960$4,385,559$17,059,168
97$32,441,969$7,257,873$4,474,664$18,513,803
98$35,691,417$7,553,877$4,564,933$20,106,523
99$39,270,431$7,862,506$4,656,348$21,851,019
100$43,212,567$8,184,321$4,748,887$23,762,362