Can I retire at age 70 with 2,160,000?

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 $2,160,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$178,371$176,782$175,232$173,719$172,241$166,130
2 years$88,302$86,658$85,064$83,519$82,020$75,928
3 years$58,283$56,632$55,042$53,511$52,037$46,156
4 years$43,277$41,630$40,057$38,552$37,113$31,488
5 years$34,275$32,639$31,085$29,611$28,213$22,858
6 years$28,276$26,652$25,122$23,681$22,324$17,244
7 years$23,993$22,382$20,876$19,469$18,155$13,349
8 years$20,782$19,186$17,705$16,332$15,061$10,524
9 years$18,286$16,705$15,249$13,911$12,684$8,410
10 years$16,290$14,724$13,294$11,992$10,807$6,790
11 years$14,658$13,108$11,704$10,436$9,295$5,525
12 years$13,299$11,765$10,387$9,154$8,055$4,524
13 years$12,150$10,632$9,280$8,082$7,024$3,723
14 years$11,166$9,664$8,338$7,174$6,157$3,076
15 years$10,314$8,829$7,528$6,398$5,421$2,549
16 years$9,570$8,100$6,826$5,729$4,791$2,119
17 years$8,913$7,460$6,211$5,147$4,248$1,764
18 years$8,330$6,893$5,670$4,639$3,777$1,472
19 years$7,809$6,389$5,191$4,191$3,367$1,230
20 years$7,341$5,937$4,764$3,796$3,007$1,029
21 years$6,918$5,530$4,382$3,445$2,691$862
22 years$6,534$5,162$4,038$3,133$2,412$722
23 years$6,184$4,828$3,729$2,853$2,165$606
24 years$5,863$4,523$3,448$2,602$1,946$508
25 years$5,569$4,245$3,194$2,376$1,751$427
26 years$5,297$3,990$2,962$2,173$1,578$358
27 years$5,047$3,755$2,751$1,989$1,422$301
28 years$4,814$3,538$2,557$1,822$1,283$253
29 years$4,598$3,338$2,380$1,671$1,159$213
30 years$4,397$3,152$2,216$1,533$1,047$179
31 years$4,209$2,980$2,066$1,408$947$150
32 years$4,033$2,819$1,928$1,294$856$127
33 years$3,868$2,670$1,800$1,190$775$106
34 years$3,713$2,531$1,682$1,095$702$90
35 years$3,568$2,400$1,573$1,008$636$75
36 years$3,431$2,278$1,471$928$576$63
37 years$3,301$2,164$1,377$855$522$53
38 years$3,179$2,056$1,289$788$473$45
39 years$3,063$1,955$1,208$727$429$38
40 years$2,953$1,860$1,132$671$389$32
41 years$2,849$1,771$1,062$619$353$27
42 years$2,750$1,687$996$571$320$23
43 years$2,656$1,607$935$527$291$19
44 years$2,566$1,532$877$487$264$16
45 years$2,481$1,461$824$449$240$13
46 years$2,400$1,393$774$415$218$11
47 years$2,322$1,330$727$384$198$10
48 years$2,248$1,269$683$354$179$8
49 years$2,177$1,212$642$328$163$7
50 years$2,109$1,158$604$303$148$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,160,000, adding $6,598 every year, while hoping to spend $45,327 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: 67/17/16 Blend
69$2,160,000$2,160,000$2,160,000$2,160,000
70$2,387,126$2,272,646$2,239,166$2,537,502
71$2,582,385$2,335,778$2,265,950$2,701,871
72$2,796,042$2,400,484$2,292,113$2,875,612
73$3,029,924$2,466,794$2,317,585$3,064,463
74$3,286,046$2,534,737$2,342,294$3,269,903
75$3,566,625$2,604,342$2,366,163$3,493,562
76$3,874,104$2,675,637$2,389,112$3,737,236
77$4,211,171$2,748,652$2,411,056$4,002,901
78$4,580,790$2,823,415$2,431,906$4,292,735
79$4,986,222$2,899,954$2,451,566$4,609,137
80$5,431,061$2,978,296$2,469,938$4,954,747
81$5,919,265$3,058,468$2,486,917$5,332,478
82$6,455,194$3,140,498$2,502,393$5,745,533
83$7,043,652$3,224,410$2,516,251$6,197,446
84$7,689,928$3,310,229$2,528,369$6,692,106
85$8,399,851$3,397,981$2,538,619$7,233,801
86$9,179,840$3,487,687$2,546,868$7,827,252
87$10,036,970$3,579,369$2,552,973$8,477,663
88$10,979,031$3,673,049$2,556,789$9,190,766
89$12,014,609$3,768,745$2,558,158$9,972,877
90$13,153,161$3,866,475$2,556,918$10,830,957
91$14,405,106$3,966,255$2,552,898$11,772,672
92$15,781,925$4,068,100$2,545,918$12,806,472
93$17,296,266$4,172,022$2,535,791$13,941,667
94$18,962,065$4,278,030$2,522,319$15,188,516
95$20,794,674$4,386,132$2,505,295$16,558,322
96$22,811,012$4,496,333$2,484,504$18,063,541
97$25,029,717$4,608,636$2,459,717$19,717,899
98$27,471,328$4,723,038$2,430,697$21,536,519
99$30,158,473$4,839,537$2,397,195$23,536,069
100$33,116,087$4,958,124$2,358,951$25,734,914