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%14.7%
1 years$200,667$198,880$197,136$195,434$193,772$190,015
2 years$99,340$97,490$95,697$93,958$92,272$88,502
3 years$65,569$63,711$61,922$60,200$58,541$54,876
4 years$48,687$46,834$45,064$43,371$41,752$38,220
5 years$38,560$36,719$34,971$33,313$31,739$28,350
6 years$31,811$29,983$28,262$26,641$25,114$21,872
7 years$26,992$25,180$23,486$21,903$20,425$17,330
8 years$23,380$21,584$19,918$18,374$16,944$13,996
9 years$20,571$18,793$17,155$15,650$14,269$11,466
10 years$18,326$16,565$14,956$13,491$12,158$9,497
11 years$16,490$14,747$13,167$11,741$10,457$7,934
12 years$14,962$13,236$11,686$10,298$9,061$6,674
13 years$13,669$11,961$10,440$9,092$7,902$5,646
14 years$12,562$10,873$9,381$8,071$6,927$4,798
15 years$11,604$9,932$8,469$7,198$6,099$4,093
16 years$10,766$9,113$7,679$6,445$5,390$3,503
17 years$10,027$8,392$6,987$5,791$4,779$3,005
18 years$9,372$7,755$6,379$5,218$4,249$2,585
19 years$8,786$7,187$5,839$4,715$3,788$2,227
20 years$8,259$6,679$5,359$4,271$3,383$1,922
21 years$7,783$6,221$4,929$3,876$3,028$1,661
22 years$7,351$5,807$4,543$3,524$2,714$1,437
23 years$6,957$5,431$4,195$3,209$2,436$1,245
24 years$6,596$5,089$3,879$2,927$2,190$1,079
25 years$6,265$4,775$3,593$2,673$1,970$936
26 years$5,960$4,488$3,332$2,444$1,775$813
27 years$5,677$4,224$3,094$2,237$1,600$706
28 years$5,416$3,980$2,877$2,050$1,444$613
29 years$5,173$3,755$2,677$1,880$1,304$533
30 years$4,946$3,546$2,494$1,725$1,178$464
31 years$4,735$3,352$2,325$1,584$1,065$404
32 years$4,537$3,172$2,169$1,456$963$351
33 years$4,352$3,004$2,025$1,339$872$306
34 years$4,178$2,847$1,892$1,232$789$266
35 years$4,014$2,700$1,769$1,134$715$232
36 years$3,859$2,563$1,655$1,045$648$202
37 years$3,714$2,434$1,549$962$587$176
38 years$3,576$2,313$1,451$887$532$153
39 years$3,446$2,200$1,359$818$483$133
40 years$3,322$2,093$1,274$754$438$116
41 years$3,205$1,992$1,194$696$397$101
42 years$3,094$1,897$1,120$642$360$88
43 years$2,988$1,808$1,051$593$327$77
44 years$2,887$1,723$987$548$297$67
45 years$2,791$1,643$927$506$270$58
46 years$2,700$1,568$870$467$245$51
47 years$2,612$1,496$818$432$222$44
48 years$2,529$1,428$768$399$202$39
49 years$2,449$1,364$722$369$183$34
50 years$2,373$1,303$679$341$166$29

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 $5,053 every year, while hoping to spend $42,399 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: 42/49/9 Blend
69$2,430,000$2,430,000$2,430,000$2,430,000
70$2,683,072$2,554,282$2,516,617$2,788,479
71$2,911,633$2,634,330$2,555,812$2,942,573
72$3,162,087$2,716,879$2,594,898$3,104,659
73$3,436,620$2,802,007$2,633,828$3,279,204
74$3,737,645$2,889,794$2,672,550$3,467,361
75$4,067,814$2,980,323$2,711,010$3,670,396
76$4,430,052$3,073,680$2,749,150$3,889,700
77$4,827,578$3,169,951$2,786,907$4,126,804
78$5,263,941$3,269,229$2,824,218$4,383,389
79$5,743,047$3,371,605$2,861,014$4,661,307
80$6,269,200$3,477,176$2,897,221$4,962,592
81$6,847,143$3,586,042$2,932,762$5,289,482
82$7,482,098$3,698,305$2,967,556$5,644,440
83$8,179,820$3,814,069$3,001,517$6,030,176
84$8,946,647$3,933,445$3,034,553$6,449,672
85$9,789,565$4,056,543$3,066,570$6,906,208
86$10,716,266$4,183,479$3,097,466$7,403,396
87$11,735,228$4,314,372$3,127,134$7,945,210
88$12,855,790$4,449,345$3,155,461$8,536,027
89$14,088,241$4,588,524$3,182,331$9,180,662
90$15,443,920$4,732,040$3,207,616$9,884,418
91$16,935,316$4,880,026$3,231,188$10,653,133
92$18,576,191$5,032,621$3,252,906$11,493,236
93$20,381,711$5,189,967$3,272,627$12,411,805
94$22,368,582$5,352,213$3,290,196$13,416,635
95$24,555,215$5,519,508$3,305,455$14,516,309
96$26,961,892$5,692,009$3,318,233$15,720,281
97$29,610,965$5,869,877$3,328,353$17,038,960
98$32,527,060$6,053,278$3,335,630$18,483,815
99$35,737,314$6,242,383$3,339,868$20,067,474
100$39,271,628$6,437,367$3,340,861$21,803,849