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

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 $2,430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$200,667$198,880$197,136$195,434$193,772$191,668
2 years$99,340$97,490$95,697$93,958$92,272$90,154
3 years$65,569$63,711$61,922$60,200$58,541$56,475
4 years$48,687$46,834$45,064$43,371$41,752$39,753
5 years$38,560$36,719$34,971$33,313$31,739$29,813
6 years$31,811$29,983$28,262$26,641$25,114$23,263
7 years$26,992$25,180$23,486$21,903$20,425$18,650
8 years$23,380$21,584$19,918$18,374$16,944$15,246
9 years$20,571$18,793$17,155$15,650$14,269$12,646
10 years$18,326$16,565$14,956$13,491$12,158$10,609
11 years$16,490$14,747$13,167$11,741$10,457$8,981
12 years$14,962$13,236$11,686$10,298$9,061$7,657
13 years$13,669$11,961$10,440$9,092$7,902$6,567
14 years$12,562$10,873$9,381$8,071$6,927$5,660
15 years$11,604$9,932$8,469$7,198$6,099$4,898
16 years$10,766$9,113$7,679$6,445$5,390$4,254
17 years$10,027$8,392$6,987$5,791$4,779$3,705
18 years$9,372$7,755$6,379$5,218$4,249$3,235
19 years$8,786$7,187$5,839$4,715$3,788$2,830
20 years$8,259$6,679$5,359$4,271$3,383$2,481
21 years$7,783$6,221$4,929$3,876$3,028$2,178
22 years$7,351$5,807$4,543$3,524$2,714$1,915
23 years$6,957$5,431$4,195$3,209$2,436$1,686
24 years$6,596$5,089$3,879$2,927$2,190$1,486
25 years$6,265$4,775$3,593$2,673$1,970$1,310
26 years$5,960$4,488$3,332$2,444$1,775$1,157
27 years$5,677$4,224$3,094$2,237$1,600$1,022
28 years$5,416$3,980$2,877$2,050$1,444$903
29 years$5,173$3,755$2,677$1,880$1,304$799
30 years$4,946$3,546$2,494$1,725$1,178$707
31 years$4,735$3,352$2,325$1,584$1,065$626
32 years$4,537$3,172$2,169$1,456$963$554
33 years$4,352$3,004$2,025$1,339$872$491
34 years$4,178$2,847$1,892$1,232$789$435
35 years$4,014$2,700$1,769$1,134$715$385
36 years$3,859$2,563$1,655$1,045$648$342
37 years$3,714$2,434$1,549$962$587$303
38 years$3,576$2,313$1,451$887$532$269
39 years$3,446$2,200$1,359$818$483$238
40 years$3,322$2,093$1,274$754$438$211
41 years$3,205$1,992$1,194$696$397$188
42 years$3,094$1,897$1,120$642$360$166
43 years$2,988$1,808$1,051$593$327$148
44 years$2,887$1,723$987$548$297$131
45 years$2,791$1,643$927$506$270$116
46 years$2,700$1,568$870$467$245$103
47 years$2,612$1,496$818$432$222$92
48 years$2,529$1,428$768$399$202$81
49 years$2,449$1,364$722$369$183$72
50 years$2,373$1,303$679$341$166$64

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 $5,785 every year, while hoping to spend $46,236 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: 54/39/7 Blend
69$2,430,000$2,430,000$2,430,000$2,430,000
70$2,683,827$2,555,037$2,517,372$2,824,046
71$2,908,383$2,631,039$2,552,509$2,995,531
72$3,154,294$2,709,216$2,587,274$3,176,484
73$3,423,689$2,789,625$2,621,605$3,372,298
74$3,718,913$2,872,325$2,655,437$3,584,387
75$4,042,550$2,957,376$2,688,702$3,814,309
76$4,397,443$3,044,841$2,721,327$4,063,777
77$4,786,726$3,134,782$2,753,235$4,334,674
78$5,213,850$3,227,263$2,784,346$4,629,075
79$5,682,614$3,322,351$2,814,573$4,949,263
80$6,197,207$3,420,112$2,843,827$5,297,750
81$6,762,239$3,520,615$2,872,012$5,677,302
82$7,382,791$3,623,929$2,899,029$6,090,963
83$8,064,461$3,730,126$2,924,771$6,542,086
84$8,813,412$3,839,278$2,949,127$7,034,362
85$9,636,437$3,951,460$2,971,979$7,571,853
86$10,541,018$4,066,746$2,993,205$8,159,034
87$11,535,399$4,185,214$3,012,675$8,800,834
88$12,628,662$4,306,941$3,030,252$9,502,679
89$13,830,812$4,432,008$3,045,791$10,270,546
90$15,152,873$4,560,495$3,059,144$11,111,016
91$16,606,990$4,692,484$3,070,150$12,031,341
92$18,206,547$4,828,059$3,078,643$13,039,505
93$19,966,286$4,967,305$3,084,449$14,144,305
94$21,902,452$5,110,308$3,087,383$15,355,430
95$24,032,945$5,257,156$3,087,253$16,683,553
96$26,377,486$5,407,937$3,083,857$18,140,433
97$28,957,806$5,562,742$3,076,982$19,739,022
98$31,797,847$5,721,661$3,066,406$21,493,589
99$34,923,992$5,884,788$3,051,896$23,419,857
100$38,365,312$6,052,214$3,033,206$25,535,144