Can I retire at age 70 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$202,319$200,517$198,758$197,042$195,366$189,037
2 years$100,158$98,292$96,485$94,732$93,032$86,714
3 years$66,109$64,235$62,432$60,696$59,023$52,916
4 years$49,087$47,220$45,434$43,728$42,096$36,246
5 years$38,877$37,021$35,259$33,587$32,001$26,423
6 years$32,073$30,230$28,495$26,860$25,321$20,021
7 years$27,214$25,387$23,679$22,083$20,593$15,569
8 years$23,572$21,762$20,082$18,525$17,084$12,334
9 years$20,741$18,947$17,296$15,779$14,387$9,905
10 years$18,477$16,701$15,079$13,602$12,258$8,037
11 years$16,626$14,868$13,276$11,838$10,543$6,574
12 years$15,085$13,345$11,782$10,383$9,136$5,412
13 years$13,782$12,060$10,526$9,167$7,967$4,478
14 years$12,666$10,962$9,458$8,137$6,984$3,720
15 years$11,699$10,014$8,539$7,257$6,149$3,101
16 years$10,854$9,188$7,742$6,498$5,434$2,592
17 years$10,110$8,462$7,045$5,838$4,819$2,171
18 years$9,449$7,819$6,431$5,261$4,284$1,822
19 years$8,858$7,246$5,887$4,754$3,819$1,532
20 years$8,327$6,734$5,403$4,306$3,411$1,289
21 years$7,847$6,272$4,970$3,908$3,052$1,086
22 years$7,411$5,855$4,580$3,553$2,736$916
23 years$7,014$5,476$4,229$3,236$2,456$773
24 years$6,650$5,131$3,911$2,951$2,208$653
25 years$6,316$4,815$3,623$2,695$1,987$552
26 years$6,009$4,525$3,360$2,464$1,789$466
27 years$5,724$4,259$3,120$2,256$1,613$394
28 years$5,461$4,013$2,900$2,067$1,456$334
29 years$5,215$3,786$2,699$1,895$1,314$282
30 years$4,987$3,575$2,514$1,739$1,188$239
31 years$4,774$3,380$2,344$1,597$1,074$202
32 years$4,575$3,198$2,187$1,468$971$171
33 years$4,388$3,029$2,042$1,350$879$145
34 years$4,212$2,870$1,908$1,242$796$123
35 years$4,047$2,722$1,784$1,143$721$104
36 years$3,891$2,584$1,669$1,053$653$88
37 years$3,744$2,454$1,562$970$592$75
38 years$3,605$2,332$1,462$894$537$63
39 years$3,474$2,218$1,370$825$487$54
40 years$3,350$2,110$1,284$761$441$45
41 years$3,231$2,009$1,204$702$400$38
42 years$3,119$1,913$1,130$648$363$33
43 years$3,013$1,823$1,060$598$330$28
44 years$2,911$1,737$995$552$299$23
45 years$2,814$1,657$934$510$272$20
46 years$2,722$1,580$877$471$247$17
47 years$2,634$1,508$824$435$224$14
48 years$2,550$1,440$775$402$203$12
49 years$2,469$1,375$728$372$185$10
50 years$2,392$1,313$685$343$168$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,450,000, adding $2,609 every year, while hoping to spend $57,504 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: 70/5/25 Blend
69$2,450,000$2,450,000$2,450,000$2,450,000
70$2,702,591$2,572,741$2,534,766$2,874,418
71$2,917,072$2,637,622$2,558,497$3,054,655
72$3,151,502$2,703,754$2,581,096$3,244,960
73$3,407,856$2,771,139$2,602,463$3,451,931
74$3,688,308$2,839,775$2,622,496$3,677,215
75$3,995,250$2,909,659$2,641,085$3,922,633
76$4,331,319$2,980,786$2,658,114$4,190,186
77$4,699,416$3,053,147$2,673,464$4,482,083
78$5,102,737$3,126,732$2,687,006$4,800,755
79$5,544,803$3,201,528$2,698,607$5,148,882
80$6,029,490$3,277,520$2,708,127$5,529,417
81$6,561,066$3,354,687$2,715,418$5,945,616
82$7,144,236$3,433,007$2,720,325$6,401,065
83$7,784,178$3,512,455$2,722,686$6,899,716
84$8,486,597$3,592,998$2,722,329$7,445,925
85$9,257,779$3,674,604$2,719,077$8,044,492
86$10,104,647$3,757,234$2,712,740$8,700,707
87$11,034,826$3,840,844$2,703,121$9,420,399
88$12,056,718$3,925,384$2,690,015$10,209,995
89$13,179,577$4,010,802$2,673,205$11,076,574
90$14,413,600$4,097,038$2,652,464$12,027,940
91$15,770,019$4,184,024$2,627,553$13,072,693
92$17,261,209$4,271,689$2,598,224$14,220,312
93$18,900,803$4,359,954$2,564,216$15,481,242
94$20,703,824$4,448,730$2,525,255$16,866,995
95$22,686,819$4,537,923$2,481,057$18,390,259
96$24,868,023$4,627,429$2,431,320$20,065,018
97$27,267,525$4,717,137$2,375,733$21,906,680
98$29,907,459$4,806,923$2,313,967$23,932,231
99$32,812,214$4,896,657$2,245,679$26,160,388
100$36,008,661$4,986,194$2,170,510$28,611,779