Can I retire at age 70 with 2,470,000?

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 $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$203,970$202,153$200,381$198,651$196,961$195,229
2 years$100,975$99,095$97,272$95,505$93,791$92,046
3 years$66,648$64,760$62,942$61,191$59,505$57,801
4 years$49,488$47,605$45,805$44,085$42,439$40,789
5 years$39,195$37,323$35,547$33,861$32,262$30,670
6 years$32,335$30,477$28,727$27,079$25,528$23,997
7 years$27,436$25,595$23,872$22,263$20,761$19,291
8 years$23,765$21,939$20,246$18,676$17,223$15,815
9 years$20,910$19,102$17,438$15,908$14,504$13,157
10 years$18,628$16,838$15,202$13,713$12,358$11,071
11 years$16,762$14,989$13,384$11,934$10,629$9,401
12 years$15,208$13,454$11,878$10,468$9,211$8,041
13 years$13,894$12,158$10,612$9,242$8,032$6,919
14 years$12,769$11,052$9,535$8,204$7,041$5,983
15 years$11,795$10,096$8,609$7,316$6,199$5,195
16 years$10,943$9,263$7,805$6,551$5,479$4,527
17 years$10,192$8,531$7,102$5,886$4,858$3,956
18 years$9,526$7,883$6,484$5,304$4,319$3,467
19 years$8,930$7,306$5,935$4,793$3,850$3,044
20 years$8,395$6,789$5,447$4,341$3,439$2,678
21 years$7,911$6,323$5,010$3,940$3,077$2,360
22 years$7,472$5,903$4,618$3,582$2,758$2,083
23 years$7,071$5,521$4,264$3,262$2,476$1,841
24 years$6,705$5,172$3,943$2,975$2,226$1,628
25 years$6,368$4,854$3,652$2,717$2,003$1,442
26 years$6,058$4,562$3,387$2,485$1,804$1,278
27 years$5,771$4,293$3,145$2,274$1,626$1,133
28 years$5,505$4,046$2,924$2,084$1,468$1,006
29 years$5,258$3,817$2,721$1,911$1,325$893
30 years$5,028$3,604$2,535$1,754$1,197$793
31 years$4,813$3,407$2,363$1,611$1,083$705
32 years$4,612$3,224$2,205$1,480$979$627
33 years$4,423$3,053$2,058$1,361$886$558
34 years$4,246$2,894$1,923$1,252$802$496
35 years$4,080$2,745$1,798$1,153$727$442
36 years$3,923$2,605$1,682$1,062$658$393
37 years$3,775$2,474$1,574$978$597$350
38 years$3,635$2,351$1,474$902$541$312
39 years$3,502$2,236$1,381$831$491$278
40 years$3,377$2,127$1,295$767$445$248
41 years$3,258$2,025$1,214$707$404$221
42 years$3,145$1,929$1,139$653$366$197
43 years$3,037$1,838$1,069$603$332$175
44 years$2,935$1,752$1,003$557$302$156
45 years$2,837$1,670$942$514$274$139
46 years$2,744$1,593$885$475$249$124
47 years$2,655$1,521$831$439$226$111
48 years$2,570$1,452$781$405$205$99
49 years$2,489$1,386$734$375$186$88
50 years$2,412$1,324$690$346$169$78

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,470,000, adding $4,984 every year, while hoping to spend $47,645 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: 30/49/21 Blend
69$2,470,000$2,470,000$2,470,000$2,470,000
70$2,727,081$2,596,171$2,557,886$2,790,865
71$2,954,549$2,672,689$2,592,881$2,916,434
72$3,203,623$2,751,360$2,627,452$3,046,817
73$3,476,454$2,832,239$2,661,534$3,186,086
74$3,775,416$2,915,382$2,695,058$3,335,040
75$4,103,118$3,000,846$2,727,953$3,494,555
76$4,462,439$3,088,690$2,760,142$3,665,597
77$4,856,546$3,178,974$2,791,545$3,849,226
78$5,288,928$3,271,758$2,822,076$4,046,608
79$5,763,429$3,367,105$2,851,646$4,259,027
80$6,284,283$3,465,077$2,880,160$4,487,895
81$6,856,153$3,565,739$2,907,519$4,734,764
82$7,484,176$3,669,155$2,933,616$5,001,344
83$8,174,011$3,775,393$2,958,341$5,289,516
84$8,931,893$3,884,520$2,981,578$5,601,350
85$9,764,688$3,996,604$3,003,204$5,939,125
86$10,679,964$4,111,715$3,023,089$6,305,351
87$11,686,055$4,229,924$3,041,097$6,702,791
88$12,792,145$4,351,303$3,057,086$7,134,485
89$14,008,350$4,475,923$3,070,905$7,603,785
90$15,345,818$4,603,859$3,082,396$8,114,378
91$16,816,828$4,735,185$3,091,393$8,670,327
92$18,434,913$4,869,977$3,097,723$9,276,107
93$20,214,979$5,008,311$3,101,201$9,936,646
94$22,173,453$5,150,264$3,101,637$10,657,372
95$24,328,432$5,295,914$3,098,829$11,444,265
96$26,699,857$5,445,339$3,092,566$12,303,912
97$29,309,701$5,598,619$3,082,625$13,243,570
98$32,182,172$5,755,833$3,068,774$14,271,233
99$35,343,946$5,917,061$3,050,771$15,395,708
100$38,824,415$6,082,384$3,028,358$16,626,700