Can I retire at age 70 with 2,430,000?

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$200,667$198,880$197,136$195,434$193,772$190,955
2 years$99,340$97,490$95,697$93,958$92,272$89,440
3 years$65,569$63,711$61,922$60,200$58,541$55,782
4 years$48,687$46,834$45,064$43,371$41,752$39,087
5 years$38,560$36,719$34,971$33,313$31,739$29,176
6 years$31,811$29,983$28,262$26,641$25,114$22,656
7 years$26,992$25,180$23,486$21,903$20,425$18,072
8 years$23,380$21,584$19,918$18,374$16,944$14,697
9 years$20,571$18,793$17,155$15,650$14,269$12,127
10 years$18,326$16,565$14,956$13,491$12,158$10,118
11 years$16,490$14,747$13,167$11,741$10,457$8,517
12 years$14,962$13,236$11,686$10,298$9,061$7,220
13 years$13,669$11,961$10,440$9,092$7,902$6,156
14 years$12,562$10,873$9,381$8,071$6,927$5,274
15 years$11,604$9,932$8,469$7,198$6,099$4,537
16 years$10,766$9,113$7,679$6,445$5,390$3,915
17 years$10,027$8,392$6,987$5,791$4,779$3,388
18 years$9,372$7,755$6,379$5,218$4,249$2,939
19 years$8,786$7,187$5,839$4,715$3,788$2,555
20 years$8,259$6,679$5,359$4,271$3,383$2,225
21 years$7,783$6,221$4,929$3,876$3,028$1,940
22 years$7,351$5,807$4,543$3,524$2,714$1,694
23 years$6,957$5,431$4,195$3,209$2,436$1,481
24 years$6,596$5,089$3,879$2,927$2,190$1,296
25 years$6,265$4,775$3,593$2,673$1,970$1,135
26 years$5,960$4,488$3,332$2,444$1,775$995
27 years$5,677$4,224$3,094$2,237$1,600$873
28 years$5,416$3,980$2,877$2,050$1,444$766
29 years$5,173$3,755$2,677$1,880$1,304$672
30 years$4,946$3,546$2,494$1,725$1,178$591
31 years$4,735$3,352$2,325$1,584$1,065$519
32 years$4,537$3,172$2,169$1,456$963$456
33 years$4,352$3,004$2,025$1,339$872$401
34 years$4,178$2,847$1,892$1,232$789$353
35 years$4,014$2,700$1,769$1,134$715$310
36 years$3,859$2,563$1,655$1,045$648$273
37 years$3,714$2,434$1,549$962$587$240
38 years$3,576$2,313$1,451$887$532$211
39 years$3,446$2,200$1,359$818$483$186
40 years$3,322$2,093$1,274$754$438$164
41 years$3,205$1,992$1,194$696$397$144
42 years$3,094$1,897$1,120$642$360$127
43 years$2,988$1,808$1,051$593$327$112
44 years$2,887$1,723$987$548$297$98
45 years$2,791$1,643$927$506$270$87
46 years$2,700$1,568$870$467$245$76
47 years$2,612$1,496$818$432$222$67
48 years$2,529$1,428$768$399$202$59
49 years$2,449$1,364$722$369$183$52
50 years$2,373$1,303$679$341$166$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,430,000, adding $2,292 every year, while hoping to spend $36,588 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: 42/36/22 Blend
69$2,430,000$2,430,000$2,430,000$2,430,000
70$2,680,224$2,551,434$2,513,769$2,775,434
71$2,914,678$2,637,525$2,559,051$2,929,557
72$3,171,819$2,726,608$2,604,624$3,092,659
73$3,453,924$2,818,792$2,650,458$3,268,548
74$3,763,499$2,914,187$2,696,523$3,458,419
75$4,103,305$3,012,911$2,742,786$3,663,587
76$4,476,383$3,115,084$2,789,210$3,885,496
77$4,886,083$3,220,832$2,835,757$4,125,737
78$5,336,095$3,330,285$2,882,386$4,386,057
79$5,830,484$3,443,576$2,929,054$4,668,378
80$6,373,730$3,560,848$2,975,714$4,974,816
81$6,970,766$3,682,245$3,022,315$5,307,698
82$7,627,027$3,807,918$3,068,806$5,669,585
83$8,348,502$3,938,024$3,115,129$6,063,295
84$9,141,788$4,072,727$3,161,225$6,491,931
85$10,014,155$4,212,194$3,207,030$6,958,904
86$10,973,609$4,356,602$3,252,477$7,467,974
87$12,028,976$4,506,134$3,297,493$8,023,277
88$13,189,975$4,660,979$3,342,003$8,629,366
89$14,467,319$4,821,333$3,385,926$9,291,256
90$15,872,809$4,987,402$3,429,178$10,014,467
91$17,419,448$5,159,397$3,471,669$10,805,077
92$19,121,564$5,337,540$3,513,302$11,669,779
93$20,994,945$5,522,061$3,553,978$12,615,945
94$23,056,983$5,713,196$3,593,591$13,651,691
95$25,326,848$5,911,195$3,632,028$14,785,956
96$27,825,657$6,116,314$3,669,172$16,028,587
97$30,576,682$6,328,821$3,704,897$17,390,426
98$33,605,564$6,548,994$3,739,072$18,883,417
99$36,940,560$6,777,123$3,771,560$20,520,716
100$40,612,803$7,013,508$3,802,213$22,316,813