Can I retire at age 70 with 2,030,000?

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 $2,030,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$167,636$166,142$164,685$163,264$161,875$160,385
2 years$82,988$81,442$79,944$78,492$77,083$75,582
3 years$54,776$53,223$51,729$50,291$48,905$47,439
4 years$40,672$39,125$37,646$36,232$34,879$33,460
5 years$32,213$30,674$29,215$27,829$26,515$25,146
6 years$26,575$25,048$23,610$22,255$20,980$19,664
7 years$22,549$21,035$19,620$18,297$17,063$15,799
8 years$19,531$18,031$16,639$15,349$14,155$12,945
9 years$17,185$15,699$14,331$13,074$11,921$10,763
10 years$15,310$13,838$12,494$11,270$10,157$9,051
11 years$13,776$12,319$11,000$9,808$8,735$7,681
12 years$12,499$11,057$9,762$8,603$7,570$6,565
13 years$11,419$9,992$8,722$7,595$6,601$5,646
14 years$10,494$9,083$7,837$6,742$5,786$4,879
15 years$9,694$8,297$7,075$6,013$5,095$4,233
16 years$8,994$7,613$6,415$5,384$4,503$3,686
17 years$8,377$7,011$5,837$4,837$3,993$3,220
18 years$7,829$6,478$5,329$4,359$3,550$2,819
19 years$7,339$6,004$4,878$3,939$3,164$2,474
20 years$6,899$5,579$4,477$3,568$2,826$2,175
21 years$6,502$5,197$4,118$3,238$2,529$1,915
22 years$6,141$4,851$3,795$2,944$2,267$1,689
23 years$5,812$4,537$3,504$2,681$2,035$1,491
24 years$5,510$4,251$3,241$2,445$1,829$1,318
25 years$5,234$3,989$3,002$2,233$1,646$1,166
26 years$4,979$3,749$2,784$2,042$1,483$1,033
27 years$4,743$3,529$2,585$1,869$1,337$915
28 years$4,524$3,325$2,403$1,712$1,206$812
29 years$4,321$3,137$2,236$1,570$1,089$720
30 years$4,132$2,962$2,083$1,441$984$639
31 years$3,956$2,800$1,942$1,324$890$568
32 years$3,790$2,650$1,812$1,216$805$504
33 years$3,635$2,509$1,692$1,119$728$448
34 years$3,490$2,378$1,581$1,029$659$399
35 years$3,353$2,256$1,478$947$597$354
36 years$3,224$2,141$1,383$873$541$315
37 years$3,102$2,034$1,294$804$490$281
38 years$2,987$1,933$1,212$741$445$250
39 years$2,878$1,838$1,135$683$403$222
40 years$2,775$1,748$1,064$630$366$198
41 years$2,677$1,664$998$581$332$176
42 years$2,584$1,585$936$537$301$157
43 years$2,496$1,510$878$495$273$140
44 years$2,412$1,440$824$457$248$124
45 years$2,332$1,373$774$422$225$111
46 years$2,255$1,310$727$390$204$99
47 years$2,182$1,250$683$360$186$88
48 years$2,113$1,193$642$333$169$78
49 years$2,046$1,139$603$308$153$70
50 years$1,982$1,088$567$285$139$62

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,030,000, adding $3,148 every year, while hoping to spend $32,696 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: 63/7/30 Blend
69$2,030,000$2,030,000$2,030,000$2,030,000
70$2,240,307$2,132,717$2,101,252$2,363,202
71$2,434,030$2,202,432$2,136,856$2,516,811
72$2,646,417$2,274,467$2,172,556$2,680,706
73$2,879,337$2,348,901$2,208,323$2,859,056
74$3,134,849$2,425,817$2,244,121$3,053,286
75$3,415,221$2,505,299$2,279,916$3,264,965
76$3,722,950$2,587,435$2,315,669$3,495,822
77$4,060,787$2,672,316$2,351,341$3,747,761
78$4,431,764$2,760,036$2,386,888$4,022,881
79$4,839,219$2,850,693$2,422,264$4,323,492
80$5,286,830$2,944,388$2,457,420$4,652,140
81$5,778,649$3,041,225$2,492,306$5,011,629
82$6,319,139$3,141,313$2,526,866$5,405,051
83$6,913,218$3,244,764$2,561,042$5,835,809
84$7,566,303$3,351,694$2,594,774$6,307,653
85$8,284,362$3,462,223$2,627,995$6,824,717
86$9,073,972$3,576,477$2,660,638$7,391,554
87$9,942,377$3,694,584$2,692,629$8,013,180
88$10,897,559$3,816,679$2,723,892$8,695,123
89$11,948,314$3,942,900$2,754,346$9,443,475
90$13,104,330$4,073,390$2,783,905$10,264,946
91$14,376,284$4,208,299$2,812,479$11,166,932
92$15,775,941$4,347,781$2,839,972$12,157,583
93$17,316,260$4,491,996$2,866,284$13,245,876
94$19,011,524$4,641,109$2,891,310$14,441,707
95$20,877,469$4,795,292$2,914,938$15,755,979
96$22,931,433$4,954,724$2,937,051$17,200,707
97$25,192,522$5,119,588$2,957,525$18,789,129
98$27,681,787$5,290,076$2,976,231$20,535,836
99$30,422,426$5,466,387$2,993,031$22,456,905
100$33,439,999$5,648,725$3,007,783$24,570,051