Can I retire at age 70 with 2,210,000?

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 $2,210,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$182,500$180,874$179,288$177,740$176,229$174,026
2 years$90,346$88,664$87,033$85,452$83,918$81,703
3 years$59,633$57,943$56,316$54,750$53,241$51,081
4 years$44,279$42,594$40,984$39,444$37,972$35,883
5 years$35,069$33,394$31,805$30,297$28,866$26,855
6 years$28,931$27,269$25,703$24,229$22,841$20,910
7 years$24,548$22,900$21,359$19,920$18,575$16,726
8 years$21,263$19,630$18,115$16,710$15,410$13,641
9 years$18,709$17,091$15,602$14,233$12,978$11,289
10 years$16,667$15,065$13,602$12,269$11,058$9,448
11 years$14,997$13,412$11,975$10,678$9,510$7,978
12 years$13,607$12,038$10,628$9,366$8,241$6,785
13 years$12,432$10,878$9,495$8,269$7,186$5,804
14 years$11,425$9,888$8,531$7,340$6,300$4,989
15 years$10,553$9,033$7,703$6,546$5,547$4,306
16 years$9,791$8,288$6,984$5,861$4,902$3,729
17 years$9,119$7,633$6,355$5,266$4,347$3,238
18 years$8,523$7,053$5,801$4,746$3,865$2,819
19 years$7,990$6,537$5,311$4,288$3,445$2,460
20 years$7,511$6,074$4,874$3,884$3,077$2,150
21 years$7,078$5,658$4,483$3,525$2,753$1,882
22 years$6,685$5,281$4,132$3,205$2,468$1,650
23 years$6,327$4,940$3,815$2,919$2,216$1,448
24 years$5,999$4,628$3,528$2,662$1,991$1,272
25 years$5,698$4,343$3,268$2,431$1,792$1,118
26 years$5,420$4,082$3,031$2,223$1,614$984
27 years$5,163$3,842$2,814$2,035$1,455$866
28 years$4,926$3,620$2,616$1,864$1,313$763
29 years$4,705$3,415$2,435$1,710$1,186$673
30 years$4,499$3,225$2,268$1,569$1,071$594
31 years$4,306$3,049$2,114$1,441$969$524
32 years$4,126$2,885$1,973$1,324$876$462
33 years$3,958$2,732$1,842$1,218$793$408
34 years$3,799$2,589$1,721$1,120$718$360
35 years$3,650$2,456$1,609$1,031$650$318
36 years$3,510$2,331$1,505$950$589$281
37 years$3,377$2,214$1,409$875$534$249
38 years$3,252$2,104$1,319$807$484$220
39 years$3,134$2,001$1,236$744$439$194
40 years$3,021$1,903$1,158$686$398$172
41 years$2,915$1,812$1,086$633$361$152
42 years$2,814$1,726$1,019$584$328$134
43 years$2,717$1,644$956$539$297$119
44 years$2,626$1,567$898$498$270$105
45 years$2,539$1,494$843$460$245$93
46 years$2,455$1,426$792$425$223$82
47 years$2,376$1,361$744$392$202$73
48 years$2,300$1,299$699$363$184$64
49 years$2,227$1,240$657$335$167$57
50 years$2,158$1,185$618$310$151$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,210,000, adding $3,338 every year, while hoping to spend $59,262 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: 90/5/5 Blend
69$2,210,000$2,210,000$2,210,000$2,210,000
70$2,438,863$2,321,733$2,287,478$2,658,515
71$2,624,573$2,372,444$2,301,054$2,852,442
72$2,827,239$2,423,653$2,313,099$3,056,944
73$3,048,528$2,475,323$2,323,499$3,279,863
74$3,290,275$2,527,411$2,332,133$3,523,009
75$3,554,501$2,579,872$2,338,877$3,788,377
76$3,843,429$2,632,654$2,343,599$4,078,164
77$4,159,508$2,685,704$2,346,159$4,394,788
78$4,505,435$2,738,960$2,346,412$4,740,915
79$4,884,179$2,792,359$2,344,206$5,119,476
80$5,299,009$2,845,828$2,339,381$5,533,704
81$5,753,526$2,899,292$2,331,768$5,987,157
82$6,251,695$2,952,667$2,321,192$6,483,754
83$6,797,884$3,005,864$2,307,468$7,027,813
84$7,396,902$3,058,785$2,290,403$7,624,089
85$8,054,048$3,111,327$2,269,793$8,277,822
86$8,775,156$3,163,378$2,245,426$8,994,783
87$9,566,655$3,214,816$2,217,081$9,781,328
88$10,435,624$3,265,512$2,184,523$10,644,461
89$11,389,863$3,315,328$2,147,510$11,591,898
90$12,437,963$3,364,113$2,105,786$12,632,139
91$13,589,389$3,411,708$2,059,083$13,774,550
92$14,854,567$3,457,942$2,007,123$15,029,447
93$16,244,983$3,502,632$1,949,612$16,408,200
94$17,773,293$3,545,582$1,886,245$17,923,333
95$19,453,436$3,586,583$1,816,702$19,588,645
96$21,300,774$3,625,413$1,740,649$21,419,342
97$23,332,226$3,661,832$1,657,734$23,432,176
98$25,566,439$3,695,587$1,567,594$25,645,607
99$28,023,952$3,726,407$1,469,845$28,079,974
100$30,727,399$3,754,004$1,364,088$30,757,689