Can I retire at age 70 with 2,230,000?

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 $2,230,000?

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$184,151$182,511$180,911$179,349$177,823$175,601
2 years$91,164$89,466$87,821$86,225$84,678$82,442
3 years$60,172$58,467$56,826$55,245$53,723$51,543
4 years$44,679$42,980$41,355$39,801$38,316$36,208
5 years$35,386$33,696$32,093$30,571$29,127$27,098
6 years$29,193$27,516$25,936$24,448$23,047$21,099
7 years$24,771$23,108$21,553$20,100$18,744$16,877
8 years$21,455$19,808$18,278$16,861$15,550$13,765
9 years$18,878$17,246$15,743$14,362$13,095$11,391
10 years$16,818$15,202$13,725$12,380$11,158$9,533
11 years$15,133$13,533$12,084$10,775$9,596$8,050
12 years$13,730$12,147$10,724$9,451$8,316$6,846
13 years$12,544$10,977$9,581$8,344$7,251$5,856
14 years$11,528$9,978$8,609$7,407$6,357$5,034
15 years$10,649$9,115$7,772$6,605$5,597$4,345
16 years$9,880$8,363$7,047$5,914$4,946$3,762
17 years$9,202$7,702$6,412$5,314$4,386$3,268
18 years$8,600$7,117$5,854$4,789$3,900$2,845
19 years$8,062$6,596$5,359$4,327$3,476$2,482
20 years$7,579$6,129$4,918$3,919$3,105$2,169
21 years$7,142$5,709$4,524$3,557$2,778$1,899
22 years$6,746$5,329$4,169$3,234$2,490$1,665
23 years$6,384$4,984$3,850$2,945$2,236$1,461
24 years$6,053$4,670$3,560$2,686$2,009$1,283
25 years$5,749$4,382$3,297$2,453$1,808$1,128
26 years$5,469$4,119$3,058$2,243$1,629$993
27 years$5,210$3,876$2,840$2,053$1,468$874
28 years$4,970$3,653$2,640$1,881$1,325$770
29 years$4,747$3,446$2,457$1,725$1,196$679
30 years$4,539$3,254$2,288$1,583$1,081$599
31 years$4,345$3,076$2,133$1,454$977$528
32 years$4,164$2,911$1,990$1,336$884$466
33 years$3,994$2,757$1,858$1,229$800$412
34 years$3,834$2,613$1,736$1,131$724$364
35 years$3,683$2,478$1,623$1,041$656$321
36 years$3,542$2,352$1,519$959$594$284
37 years$3,408$2,234$1,421$883$539$251
38 years$3,282$2,123$1,331$814$488$222
39 years$3,162$2,019$1,247$751$443$196
40 years$3,049$1,921$1,169$692$402$173
41 years$2,941$1,828$1,096$639$365$153
42 years$2,839$1,741$1,028$589$331$135
43 years$2,742$1,659$965$544$300$120
44 years$2,650$1,581$906$502$272$106
45 years$2,561$1,508$850$464$247$94
46 years$2,477$1,439$799$429$225$83
47 years$2,397$1,373$750$396$204$73
48 years$2,321$1,311$705$366$185$65
49 years$2,247$1,252$663$338$168$57
50 years$2,177$1,195$623$313$153$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,230,000, adding $3,168 every year, while hoping to spend $49,480 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: 64/28/8 Blend
69$2,230,000$2,230,000$2,230,000$2,230,000
70$2,460,728$2,342,538$2,307,973$2,614,109
71$2,659,076$2,404,676$2,332,644$2,778,857
72$2,875,997$2,468,200$2,356,482$2,952,612
73$3,113,333$2,533,127$2,379,409$3,141,106
74$3,373,113$2,599,470$2,401,340$3,345,768
75$3,657,571$2,667,244$2,422,185$3,568,169
76$3,969,166$2,736,462$2,441,851$3,810,041
77$4,310,607$2,807,135$2,460,239$4,073,289
78$4,684,878$2,879,273$2,477,246$4,360,012
79$5,095,264$2,952,886$2,492,762$4,672,522
80$5,545,383$3,027,980$2,506,672$5,013,363
81$6,039,223$3,104,562$2,518,856$5,385,338
82$6,581,173$3,182,635$2,529,187$5,791,535
83$7,176,069$3,262,200$2,537,531$6,235,354
84$7,829,239$3,343,259$2,543,749$6,720,540
85$8,546,550$3,425,807$2,547,693$7,251,220
86$9,334,467$3,509,840$2,549,210$7,831,939
87$10,200,110$3,595,350$2,548,136$8,467,703
88$11,151,325$3,682,326$2,544,303$9,164,028
89$12,196,755$3,770,755$2,537,531$9,926,992
90$13,345,920$3,860,618$2,527,635$10,763,288
91$14,609,311$3,951,895$2,514,417$11,680,293
92$15,998,484$4,044,561$2,497,673$12,686,134
93$17,526,171$4,138,587$2,477,188$13,789,765
94$19,206,402$4,233,939$2,452,735$15,001,051
95$21,054,632$4,330,579$2,424,079$16,330,863
96$23,087,891$4,428,463$2,390,971$17,791,178
97$25,324,941$4,527,543$2,353,154$19,395,194
98$27,786,456$4,627,764$2,310,356$21,157,453
99$30,495,214$4,729,064$2,262,292$23,093,979
100$33,476,313$4,831,376$2,208,667$25,222,429