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

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 $2,490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$205,622$203,790$202,003$200,259$198,556$196,975
2 years$101,793$99,897$98,060$96,278$94,551$92,956
3 years$67,188$65,284$63,451$61,687$59,987$58,429
4 years$49,889$47,991$46,176$44,442$42,783$41,274
5 years$39,512$37,625$35,835$34,135$32,523$31,067
6 years$32,596$30,724$28,960$27,298$25,734$24,334
7 years$27,659$25,802$24,066$22,444$20,929$19,584
8 years$23,957$22,117$20,410$18,827$17,363$16,073
9 years$21,079$19,257$17,579$16,037$14,622$13,388
10 years$18,779$16,974$15,326$13,824$12,458$11,279
11 years$16,898$15,111$13,492$12,031$10,715$9,589
12 years$15,331$13,563$11,974$10,553$9,285$8,212
13 years$14,007$12,257$10,698$9,316$8,097$7,075
14 years$12,872$11,141$9,612$8,270$7,098$6,126
15 years$11,890$10,178$8,679$7,375$6,249$5,326
16 years$11,032$9,338$7,868$6,604$5,523$4,648
17 years$10,275$8,600$7,160$5,934$4,897$4,068
18 years$9,603$7,946$6,536$5,347$4,354$3,569
19 years$9,002$7,365$5,984$4,832$3,881$3,139
20 years$8,463$6,844$5,491$4,376$3,467$2,766
21 years$7,975$6,375$5,051$3,972$3,102$2,441
22 years$7,532$5,950$4,655$3,611$2,781$2,157
23 years$7,129$5,565$4,298$3,289$2,496$1,909
24 years$6,759$5,214$3,975$2,999$2,244$1,692
25 years$6,420$4,893$3,682$2,739$2,019$1,500
26 years$6,107$4,599$3,415$2,505$1,819$1,332
27 years$5,818$4,328$3,171$2,293$1,640$1,183
28 years$5,550$4,078$2,948$2,100$1,479$1,051
29 years$5,301$3,848$2,743$1,926$1,336$935
30 years$5,069$3,634$2,555$1,768$1,207$832
31 years$4,852$3,435$2,382$1,624$1,091$741
32 years$4,649$3,250$2,223$1,492$987$660
33 years$4,459$3,078$2,075$1,372$893$588
34 years$4,281$2,917$1,939$1,262$809$524
35 years$4,113$2,767$1,813$1,162$733$467
36 years$3,955$2,626$1,696$1,070$664$417
37 years$3,805$2,494$1,587$986$602$372
38 years$3,664$2,370$1,486$909$545$332
39 years$3,531$2,254$1,393$838$495$296
40 years$3,404$2,145$1,305$773$449$264
41 years$3,284$2,041$1,224$713$407$236
42 years$3,170$1,944$1,148$658$369$210
43 years$3,062$1,852$1,077$608$335$188
44 years$2,958$1,766$1,011$561$304$168
45 years$2,860$1,684$950$518$276$150
46 years$2,766$1,606$892$479$251$134
47 years$2,677$1,533$838$442$228$119
48 years$2,591$1,463$787$409$207$107
49 years$2,509$1,397$740$378$188$95
50 years$2,431$1,335$696$349$171$85

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 $4,524 every year, while hoping to spend $24,804 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: 52/28/20 Blend
69$2,490,000$2,490,000$2,490,000$2,490,000
70$2,748,647$2,616,677$2,578,082$2,876,201
71$3,002,617$2,718,502$2,638,056$3,066,323
72$3,281,662$2,824,486$2,699,208$3,270,058
73$3,588,311$2,934,806$2,761,552$3,491,132
74$3,925,354$3,049,647$2,825,099$3,731,203
75$4,295,863$3,169,203$2,889,863$3,992,089
76$4,703,223$3,293,676$2,955,855$4,275,792
77$5,151,163$3,423,277$3,023,087$4,584,515
78$5,643,791$3,558,227$3,091,570$4,920,677
79$6,185,635$3,698,757$3,161,315$5,286,944
80$6,781,681$3,845,108$3,232,330$5,686,245
81$7,437,425$3,997,530$3,304,626$6,121,806
82$8,158,921$4,156,288$3,378,210$6,597,176
83$8,952,840$4,321,656$3,453,089$7,116,259
84$9,826,534$4,493,920$3,529,271$7,683,353
85$10,788,099$4,673,381$3,606,761$8,303,188
86$11,846,461$4,860,353$3,685,563$8,980,972
87$13,011,452$5,055,162$3,765,682$9,722,436
88$14,293,907$5,258,152$3,847,119$10,533,889
89$15,705,764$5,469,680$3,929,875$11,422,279
90$17,260,177$5,690,119$4,013,952$12,395,252
91$18,971,642$5,919,862$4,099,346$13,461,231
92$20,856,130$6,159,316$4,186,055$14,629,487
93$22,931,242$6,408,909$4,274,074$15,910,230
94$25,216,370$6,669,087$4,363,397$17,314,704
95$27,732,885$6,940,318$4,454,016$18,855,289
96$30,504,335$7,223,088$4,545,921$20,545,621
97$33,556,667$7,517,910$4,639,099$22,400,717
98$36,918,475$7,825,316$4,733,537$24,437,116
99$40,621,267$8,145,864$4,829,218$26,673,034
100$44,699,763$8,480,137$4,926,124$29,128,533