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

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$202,319$200,517$198,758$197,042$195,366$188,510
2 years$100,158$98,292$96,485$94,732$93,032$86,196
3 years$66,109$64,235$62,432$60,696$59,023$52,422
4 years$49,087$47,220$45,434$43,728$42,096$35,781
5 years$38,877$37,021$35,259$33,587$32,001$25,988
6 years$32,073$30,230$28,495$26,860$25,321$19,616
7 years$27,214$25,387$23,679$22,083$20,593$15,194
8 years$23,572$21,762$20,082$18,525$17,084$11,986
9 years$20,741$18,947$17,296$15,779$14,387$9,584
10 years$18,477$16,701$15,079$13,602$12,258$7,743
11 years$16,626$14,868$13,276$11,838$10,543$6,305
12 years$15,085$13,345$11,782$10,383$9,136$5,166
13 years$13,782$12,060$10,526$9,167$7,967$4,254
14 years$12,666$10,962$9,458$8,137$6,984$3,517
15 years$11,699$10,014$8,539$7,257$6,149$2,917
16 years$10,854$9,188$7,742$6,498$5,434$2,426
17 years$10,110$8,462$7,045$5,838$4,819$2,022
18 years$9,449$7,819$6,431$5,261$4,284$1,688
19 years$8,858$7,246$5,887$4,754$3,819$1,411
20 years$8,327$6,734$5,403$4,306$3,411$1,182
21 years$7,847$6,272$4,970$3,908$3,052$990
22 years$7,411$5,855$4,580$3,553$2,736$831
23 years$7,014$5,476$4,229$3,236$2,456$697
24 years$6,650$5,131$3,911$2,951$2,208$585
25 years$6,316$4,815$3,623$2,695$1,987$492
26 years$6,009$4,525$3,360$2,464$1,789$414
27 years$5,724$4,259$3,120$2,256$1,613$348
28 years$5,461$4,013$2,900$2,067$1,456$293
29 years$5,215$3,786$2,699$1,895$1,314$246
30 years$4,987$3,575$2,514$1,739$1,188$207
31 years$4,774$3,380$2,344$1,597$1,074$174
32 years$4,575$3,198$2,187$1,468$971$147
33 years$4,388$3,029$2,042$1,350$879$124
34 years$4,212$2,870$1,908$1,242$796$104
35 years$4,047$2,722$1,784$1,143$721$88
36 years$3,891$2,584$1,669$1,053$653$74
37 years$3,744$2,454$1,562$970$592$62
38 years$3,605$2,332$1,462$894$537$52
39 years$3,474$2,218$1,370$825$487$44
40 years$3,350$2,110$1,284$761$441$37
41 years$3,231$2,009$1,204$702$400$31
42 years$3,119$1,913$1,130$648$363$26
43 years$3,013$1,823$1,060$598$330$22
44 years$2,911$1,737$995$552$299$19
45 years$2,814$1,657$934$510$272$16
46 years$2,722$1,580$877$471$247$13
47 years$2,634$1,508$824$435$224$11
48 years$2,550$1,440$775$402$203$9
49 years$2,469$1,375$728$372$185$8
50 years$2,392$1,313$685$343$168$7

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 $5,578 every year, while hoping to spend $50,830 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: 82/12/6 Blend
69$2,450,000$2,450,000$2,450,000$2,450,000
70$2,705,654$2,575,804$2,537,829$2,926,023
71$2,927,548$2,647,935$2,568,763$3,143,010
72$3,170,371$2,721,898$2,599,030$3,373,779
73$3,436,205$2,797,727$2,628,554$3,625,534
74$3,727,342$2,875,460$2,657,255$3,900,348
75$4,046,305$2,955,131$2,685,047$4,200,499
76$4,395,874$3,036,778$2,711,841$4,528,499
77$4,779,109$3,120,436$2,737,544$4,887,112
78$5,199,382$3,206,142$2,762,056$5,279,384
79$5,660,406$3,293,930$2,785,272$5,708,668
80$6,166,272$3,383,837$2,807,083$6,178,658
81$6,721,483$3,475,896$2,827,372$6,693,423
82$7,331,004$3,570,144$2,846,018$7,257,442
83$8,000,299$3,666,614$2,862,892$7,875,653
84$8,735,390$3,765,339$2,877,860$8,553,493
85$9,542,911$3,866,352$2,890,779$9,296,951
86$10,430,169$3,969,684$2,901,502$10,112,626
87$11,405,215$4,075,368$2,909,871$11,007,788
88$12,476,917$4,183,431$2,915,722$11,990,443
89$13,655,047$4,293,903$2,918,882$13,069,414
90$14,950,369$4,406,811$2,919,172$14,254,422
91$16,374,742$4,522,181$2,916,400$15,556,175
92$17,941,234$4,640,036$2,910,368$16,986,471
93$19,664,240$4,760,398$2,900,865$18,558,309
94$21,559,623$4,883,288$2,887,674$20,286,013
95$23,644,858$5,008,722$2,870,565$22,185,361
96$25,939,201$5,136,717$2,849,296$24,273,743
97$28,463,867$5,267,284$2,823,615$26,570,314
98$31,242,234$5,400,433$2,793,259$29,096,185
99$34,300,058$5,536,171$2,757,950$31,874,615
100$37,665,721$5,674,500$2,717,398$34,931,233