Can I retire at age 70 with 2,250,000?

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 $2,250,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$185,803$184,148$182,533$180,957$179,418$175,940
2 years$91,982$90,269$88,608$86,999$85,437$81,947
3 years$60,712$58,991$57,335$55,741$54,205$50,811
4 years$45,080$43,365$41,726$40,158$38,659$35,389
5 years$35,704$33,999$32,381$30,845$29,388$26,250
6 years$29,455$27,762$26,168$24,667$23,254$20,252
7 years$24,993$23,315$21,746$20,280$18,912$16,046
8 years$21,648$19,985$18,442$17,013$15,689$12,959
9 years$19,048$17,401$15,884$14,491$13,212$10,616
10 years$16,969$15,338$13,848$12,491$11,258$8,793
11 years$15,269$13,654$12,192$10,871$9,682$7,346
12 years$13,853$12,255$10,820$9,536$8,390$6,180
13 years$12,657$11,075$9,667$8,418$7,316$5,228
14 years$11,632$10,067$8,686$7,473$6,414$4,443
15 years$10,744$9,197$7,842$6,665$5,647$3,790
16 years$9,968$8,438$7,110$5,967$4,991$3,243
17 years$9,285$7,771$6,470$5,362$4,425$2,783
18 years$8,677$7,181$5,906$4,832$3,935$2,393
19 years$8,135$6,655$5,407$4,366$3,507$2,062
20 years$7,647$6,184$4,962$3,954$3,133$1,780
21 years$7,206$5,760$4,564$3,589$2,803$1,538
22 years$6,806$5,377$4,207$3,263$2,513$1,331
23 years$6,441$5,029$3,884$2,972$2,256$1,153
24 years$6,108$4,712$3,592$2,710$2,027$999
25 years$5,801$4,422$3,327$2,475$1,824$867
26 years$5,518$4,156$3,086$2,263$1,643$752
27 years$5,257$3,911$2,865$2,072$1,482$654
28 years$5,015$3,685$2,664$1,898$1,337$568
29 years$4,790$3,477$2,479$1,741$1,207$494
30 years$4,580$3,283$2,309$1,597$1,091$429
31 years$4,384$3,104$2,152$1,467$986$374
32 years$4,201$2,937$2,008$1,348$892$325
33 years$4,029$2,781$1,875$1,240$807$283
34 years$3,868$2,636$1,752$1,141$731$246
35 years$3,716$2,500$1,638$1,050$662$215
36 years$3,574$2,373$1,532$967$600$187
37 years$3,439$2,254$1,434$891$544$163
38 years$3,311$2,142$1,343$821$493$142
39 years$3,190$2,037$1,258$757$447$124
40 years$3,076$1,938$1,179$699$405$108
41 years$2,968$1,845$1,106$644$368$94
42 years$2,865$1,757$1,037$595$334$82
43 years$2,767$1,674$973$549$303$71
44 years$2,673$1,596$914$507$275$62
45 years$2,584$1,522$858$468$250$54
46 years$2,500$1,451$806$432$227$47
47 years$2,419$1,385$757$400$206$41
48 years$2,341$1,322$711$369$187$36
49 years$2,268$1,263$669$341$170$31
50 years$2,197$1,206$629$315$154$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,250,000, adding $2,651 every year, while hoping to spend $28,174 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: 70/19/11 Blend
69$2,250,000$2,250,000$2,250,000$2,250,000
70$2,482,235$2,362,985$2,328,110$2,650,202
71$2,705,446$2,448,794$2,376,124$2,847,709
72$2,950,480$2,537,864$2,424,803$3,060,095
73$3,219,533$2,630,324$2,474,139$3,291,762
74$3,515,026$2,726,310$2,524,123$3,544,603
75$3,839,622$2,825,963$2,574,745$3,820,701
76$4,196,259$2,929,429$2,625,993$4,122,349
77$4,588,169$3,036,864$2,677,856$4,452,070
78$5,018,917$3,148,425$2,730,319$4,812,645
79$5,492,428$3,264,279$2,783,366$5,207,132
80$6,013,027$3,384,600$2,836,980$5,638,900
81$6,585,479$3,509,568$2,891,142$6,111,660
82$7,215,033$3,639,372$2,945,831$6,629,495
83$7,907,473$3,774,209$3,001,023$7,196,904
84$8,669,173$3,914,282$3,056,694$7,818,842
85$9,507,152$4,059,806$3,112,818$8,500,763
86$10,429,148$4,211,003$3,169,363$9,248,677
87$11,443,684$4,368,104$3,226,300$10,069,202
88$12,560,151$4,531,353$3,283,592$10,969,626
89$13,788,899$4,701,001$3,341,205$11,957,979
90$15,141,328$4,877,312$3,399,096$13,043,104
91$16,630,003$5,060,560$3,457,226$14,234,743
92$18,268,767$5,251,031$3,515,546$15,543,627
93$20,072,873$5,449,024$3,574,009$16,981,576
94$22,059,131$5,654,850$3,632,563$18,561,612
95$24,246,059$5,868,835$3,691,151$20,298,082
96$26,654,067$6,091,317$3,749,714$22,206,787
97$29,305,641$6,322,651$3,808,189$24,305,139
98$32,225,560$6,563,205$3,866,507$26,612,318
99$35,441,130$6,813,365$3,924,598$29,149,456
100$38,982,437$7,073,532$3,982,384$31,939,834