Can I retire at age 70 with 2,100,000?

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 $2,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$173,416$171,871$170,364$168,893$167,457$163,342
2 years$85,850$84,251$82,701$81,199$79,741$75,621
3 years$56,665$55,059$53,513$52,025$50,591$46,595
4 years$42,075$40,474$38,944$37,481$36,082$32,240
5 years$33,323$31,732$30,222$28,789$27,429$23,752
6 years$27,491$25,912$24,424$23,023$21,704$18,195
7 years$23,327$21,761$20,296$18,928$17,651$14,311
8 years$20,205$18,653$17,213$15,878$14,643$11,471
9 years$17,778$16,241$14,825$13,525$12,332$9,324
10 years$15,837$14,315$12,925$11,659$10,507$7,661
11 years$14,251$12,744$11,379$10,146$9,037$6,348
12 years$12,930$11,438$10,099$8,900$7,831$5,295
13 years$11,813$10,337$9,023$7,857$6,829$4,440
14 years$10,856$9,396$8,107$6,975$5,986$3,740
15 years$10,028$8,583$7,319$6,220$5,271$3,162
16 years$9,304$7,875$6,636$5,570$4,658$2,681
17 years$8,666$7,253$6,039$5,004$4,130$2,279
18 years$8,099$6,702$5,512$4,510$3,672$1,941
19 years$7,592$6,211$5,046$4,075$3,273$1,657
20 years$7,137$5,772$4,631$3,691$2,924$1,416
21 years$6,726$5,376$4,260$3,350$2,616$1,211
22 years$6,352$5,018$3,926$3,045$2,345$1,038
23 years$6,012$4,694$3,625$2,774$2,105$890
24 years$5,700$4,398$3,353$2,530$1,892$763
25 years$5,414$4,127$3,105$2,310$1,703$655
26 years$5,150$3,879$2,880$2,112$1,534$563
27 years$4,906$3,650$2,674$1,934$1,383$484
28 years$4,680$3,440$2,486$1,772$1,248$416
29 years$4,470$3,245$2,313$1,625$1,127$358
30 years$4,275$3,064$2,155$1,491$1,018$308
31 years$4,092$2,897$2,009$1,369$920$265
32 years$3,921$2,741$1,874$1,258$833$228
33 years$3,761$2,596$1,750$1,157$753$196
34 years$3,610$2,460$1,635$1,065$682$169
35 years$3,469$2,334$1,529$980$618$146
36 years$3,335$2,215$1,430$903$560$126
37 years$3,209$2,104$1,339$832$507$108
38 years$3,090$1,999$1,254$767$460$93
39 years$2,978$1,901$1,174$707$417$80
40 years$2,871$1,809$1,101$652$378$69
41 years$2,770$1,722$1,032$602$343$60
42 years$2,674$1,640$968$555$311$51
43 years$2,582$1,562$909$512$283$44
44 years$2,495$1,489$853$473$257$38
45 years$2,412$1,420$801$437$233$33
46 years$2,333$1,355$752$404$211$28
47 years$2,258$1,293$707$373$192$24
48 years$2,185$1,234$664$345$174$21
49 years$2,116$1,179$624$318$158$18
50 years$2,050$1,126$587$294$144$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,100,000, adding $4,651 every year, while hoping to spend $41,275 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: 66/20/14 Blend
69$2,100,000$2,100,000$2,100,000$2,100,000
70$2,318,998$2,207,698$2,175,148$2,464,158
71$2,511,619$2,271,958$2,204,099$2,625,911
72$2,722,504$2,337,985$2,232,636$2,797,387
73$2,953,473$2,405,819$2,260,703$2,983,785
74$3,206,529$2,475,506$2,288,238$3,186,562
75$3,483,878$2,547,089$2,315,177$3,407,324
76$3,787,951$2,620,614$2,341,453$3,647,838
77$4,121,424$2,696,126$2,366,994$3,910,049
78$4,487,245$2,773,671$2,391,723$4,196,101
79$4,888,660$2,853,298$2,415,563$4,508,355
80$5,329,248$2,935,053$2,438,428$4,849,408
81$5,812,946$3,018,986$2,460,230$5,222,125
82$6,344,095$3,105,145$2,480,877$5,629,658
83$6,927,476$3,193,580$2,500,269$6,075,481
84$7,568,354$3,284,341$2,518,304$6,563,420
85$8,272,531$3,377,479$2,534,872$7,097,690
86$9,046,400$3,473,046$2,549,860$7,682,933
87$9,896,999$3,571,092$2,563,148$8,324,264
88$10,832,088$3,671,670$2,574,608$9,027,318
89$11,860,212$3,774,833$2,584,109$9,798,303
90$12,990,788$3,880,634$2,591,510$10,644,059
91$14,234,188$3,989,125$2,596,665$11,572,120
92$15,601,843$4,100,359$2,599,421$12,590,789
93$17,106,345$4,214,391$2,599,616$13,709,213
94$18,761,569$4,331,274$2,597,081$14,937,469
95$20,582,804$4,451,060$2,591,637$16,286,664
96$22,586,892$4,573,804$2,583,099$17,769,032
97$24,792,393$4,699,559$2,571,271$19,398,055
98$27,219,757$4,828,378$2,555,949$21,188,588
99$29,891,516$4,960,312$2,536,917$23,157,000
100$32,832,498$5,095,415$2,513,951$25,321,326