Can I retire at age 70 with 2,490,000?

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$205,622$203,790$202,003$200,259$198,556$195,026
2 years$101,793$99,897$98,060$96,278$94,551$91,006
3 years$67,188$65,284$63,451$61,687$59,987$56,538
4 years$49,889$47,991$46,176$44,442$42,783$39,457
5 years$39,512$37,625$35,835$34,135$32,523$29,329
6 years$32,596$30,724$28,960$27,298$25,734$22,676
7 years$27,659$25,802$24,066$22,444$20,929$18,007
8 years$23,957$22,117$20,410$18,827$17,363$14,577
9 years$21,079$19,257$17,579$16,037$14,622$11,971
10 years$18,779$16,974$15,326$13,824$12,458$9,939
11 years$16,898$15,111$13,492$12,031$10,715$8,325
12 years$15,331$13,563$11,974$10,553$9,285$7,021
13 years$14,007$12,257$10,698$9,316$8,097$5,955
14 years$12,872$11,141$9,612$8,270$7,098$5,074
15 years$11,890$10,178$8,679$7,375$6,249$4,341
16 years$11,032$9,338$7,868$6,604$5,523$3,725
17 years$10,275$8,600$7,160$5,934$4,897$3,205
18 years$9,603$7,946$6,536$5,347$4,354$2,765
19 years$9,002$7,365$5,984$4,832$3,881$2,389
20 years$8,463$6,844$5,491$4,376$3,467$2,068
21 years$7,975$6,375$5,051$3,972$3,102$1,793
22 years$7,532$5,950$4,655$3,611$2,781$1,556
23 years$7,129$5,565$4,298$3,289$2,496$1,352
24 years$6,759$5,214$3,975$2,999$2,244$1,176
25 years$6,420$4,893$3,682$2,739$2,019$1,023
26 years$6,107$4,599$3,415$2,505$1,819$891
27 years$5,818$4,328$3,171$2,293$1,640$776
28 years$5,550$4,078$2,948$2,100$1,479$677
29 years$5,301$3,848$2,743$1,926$1,336$590
30 years$5,069$3,634$2,555$1,768$1,207$515
31 years$4,852$3,435$2,382$1,624$1,091$450
32 years$4,649$3,250$2,223$1,492$987$393
33 years$4,459$3,078$2,075$1,372$893$343
34 years$4,281$2,917$1,939$1,262$809$300
35 years$4,113$2,767$1,813$1,162$733$262
36 years$3,955$2,626$1,696$1,070$664$229
37 years$3,805$2,494$1,587$986$602$200
38 years$3,664$2,370$1,486$909$545$175
39 years$3,531$2,254$1,393$838$495$153
40 years$3,404$2,145$1,305$773$449$134
41 years$3,284$2,041$1,224$713$407$117
42 years$3,170$1,944$1,148$658$369$102
43 years$3,062$1,852$1,077$608$335$89
44 years$2,958$1,766$1,011$561$304$78
45 years$2,860$1,684$950$518$276$68
46 years$2,766$1,606$892$479$251$60
47 years$2,677$1,533$838$442$228$52
48 years$2,591$1,463$787$409$207$46
49 years$2,509$1,397$740$378$188$40
50 years$2,431$1,335$696$349$171$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,490,000, adding $2,253 every year, while hoping to spend $22,200 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: 31/48/21 Blend
69$2,490,000$2,490,000$2,490,000$2,490,000
70$2,746,304$2,614,334$2,575,739$2,813,443
71$3,002,806$2,718,816$2,638,406$2,968,892
72$3,284,728$2,827,673$2,702,428$3,133,955
73$3,594,638$2,941,097$2,767,827$3,311,179
74$3,935,367$3,059,287$2,834,625$3,501,637
75$4,310,034$3,182,451$2,902,845$3,706,503
76$4,722,075$3,310,809$2,972,507$3,927,067
77$5,175,275$3,444,587$3,043,634$4,164,740
78$5,673,805$3,584,024$3,116,248$4,421,073
79$6,222,261$3,729,369$3,190,370$4,697,765
80$6,825,706$3,880,882$3,266,022$4,996,682
81$7,489,718$4,038,835$3,343,224$5,319,871
82$8,220,446$4,203,514$3,421,998$5,669,581
83$9,024,660$4,375,216$3,502,364$6,048,280
84$9,909,826$4,554,251$3,584,343$6,458,677
85$10,884,164$4,740,946$3,667,955$6,903,751
86$11,956,737$4,935,640$3,753,219$7,386,772
87$13,137,527$5,138,689$3,840,155$7,911,335
88$14,437,535$5,350,466$3,928,781$8,481,388
89$15,868,884$5,571,359$4,019,116$9,101,274
90$17,444,930$5,801,775$4,111,176$9,775,763
91$19,180,391$6,042,141$4,204,979$10,510,102
92$21,091,486$6,292,901$4,300,541$11,310,060
93$23,196,086$6,554,521$4,397,877$12,181,978
94$25,513,883$6,827,488$4,497,002$13,132,833
95$28,066,576$7,112,313$4,597,929$14,170,298
96$30,878,078$7,409,527$4,700,671$15,302,813
97$33,974,738$7,719,690$4,805,239$16,539,662
98$37,385,590$8,043,384$4,911,643$17,891,061
99$41,142,631$8,381,220$5,019,893$19,368,250
100$45,281,116$8,733,837$5,129,997$20,983,595