Can I retire at age 70 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$201,493$199,698$197,947$196,238$194,569$190,719
2 years$99,749$97,891$96,091$94,345$92,652$88,789
3 years$65,839$63,973$62,177$60,448$58,782$55,027
4 years$48,887$47,027$45,249$43,549$41,924$38,306
5 years$38,719$36,870$35,115$33,450$31,870$28,399
6 years$31,942$30,107$28,378$26,750$25,218$21,897
7 years$27,103$25,284$23,582$21,993$20,509$17,340
8 years$23,476$21,673$20,000$18,449$17,014$13,996
9 years$20,656$18,870$17,226$15,715$14,328$11,459
10 years$18,402$16,633$15,018$13,546$12,208$9,485
11 years$16,558$14,807$13,221$11,789$10,500$7,919
12 years$15,023$13,290$11,734$10,341$9,099$6,658
13 years$13,725$12,011$10,483$9,129$7,934$5,628
14 years$12,614$10,917$9,419$8,104$6,955$4,780
15 years$11,651$9,973$8,504$7,227$6,124$4,075
16 years$10,810$9,150$7,710$6,471$5,412$3,484
17 years$10,069$8,427$7,016$5,814$4,799$2,988
18 years$9,410$7,787$6,405$5,240$4,267$2,567
19 years$8,822$7,217$5,863$4,735$3,803$2,211
20 years$8,293$6,706$5,381$4,288$3,397$1,906
21 years$7,815$6,247$4,950$3,892$3,040$1,646
22 years$7,381$5,831$4,562$3,539$2,725$1,423
23 years$6,985$5,454$4,212$3,223$2,446$1,232
24 years$6,623$5,110$3,895$2,939$2,199$1,067
25 years$6,291$4,795$3,608$2,684$1,978$925
26 years$5,984$4,507$3,346$2,454$1,782$802
27 years$5,701$4,241$3,107$2,247$1,607$696
28 years$5,438$3,997$2,889$2,058$1,450$605
29 years$5,194$3,770$2,688$1,888$1,309$525
30 years$4,967$3,561$2,504$1,732$1,183$456
31 years$4,754$3,366$2,334$1,591$1,069$397
32 years$4,556$3,185$2,178$1,462$967$345
33 years$4,370$3,016$2,033$1,345$875$300
34 years$4,195$2,859$1,900$1,237$793$261
35 years$4,030$2,711$1,776$1,139$718$227
36 years$3,875$2,573$1,662$1,049$650$198
37 years$3,729$2,444$1,555$966$590$172
38 years$3,591$2,323$1,457$891$534$150
39 years$3,460$2,209$1,365$821$485$130
40 years$3,336$2,102$1,279$758$440$113
41 years$3,218$2,000$1,199$699$399$99
42 years$3,106$1,905$1,125$645$362$86
43 years$3,000$1,815$1,056$595$328$75
44 years$2,899$1,730$991$550$298$65
45 years$2,803$1,650$930$508$271$57
46 years$2,711$1,574$874$469$246$49
47 years$2,623$1,502$821$433$223$43
48 years$2,539$1,434$772$400$203$37
49 years$2,459$1,369$725$370$184$33
50 years$2,382$1,308$682$342$167$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,440,000, adding $3,151 every year, while hoping to spend $29,334 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: 56/17/27 Blend
69$2,440,000$2,440,000$2,440,000$2,440,000
70$2,692,130$2,562,810$2,524,990$2,822,737
71$2,935,516$2,657,177$2,578,366$3,007,226
72$3,202,745$2,755,184$2,632,547$3,204,807
73$3,496,216$2,856,980$2,687,529$3,419,486
74$3,818,576$2,962,717$2,743,307$3,652,919
75$4,172,737$3,072,557$2,799,874$3,906,932
76$4,561,910$3,186,666$2,857,223$4,183,533
77$4,989,630$3,305,218$2,915,346$4,484,933
78$5,459,794$3,428,395$2,974,231$4,813,567
79$5,976,692$3,556,386$3,033,868$5,172,112
80$6,545,054$3,689,388$3,094,242$5,563,519
81$7,170,090$3,827,608$3,155,339$5,991,035
82$7,857,538$3,971,260$3,217,142$6,458,237
83$8,613,724$4,120,568$3,279,633$6,969,061
84$9,445,614$4,275,766$3,342,790$7,527,843
85$10,360,885$4,437,098$3,406,593$8,139,359
86$11,367,996$4,604,816$3,471,014$8,808,866
87$12,476,267$4,779,188$3,536,029$9,542,156
88$13,695,967$4,960,488$3,601,606$10,345,608
89$15,038,410$5,149,007$3,667,715$11,226,247
90$16,516,065$5,345,045$3,734,320$12,191,810
91$18,142,668$5,548,917$3,801,384$13,250,822
92$19,933,356$5,760,950$3,868,867$14,412,671
93$21,904,809$5,981,487$3,936,725$15,687,698
94$24,075,405$6,210,886$4,004,910$17,087,296
95$26,465,395$6,449,518$4,073,374$18,624,016
96$29,097,095$6,697,774$4,142,061$20,311,684
97$31,995,094$6,956,060$4,210,915$22,165,529
98$35,186,486$7,224,799$4,279,874$24,202,332
99$38,701,129$7,504,436$4,348,871$26,440,578
100$42,571,923$7,795,432$4,417,836$28,900,635