Can I retire at age 70 with 2,260,000?

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 $2,260,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$186,629$184,966$183,344$181,761$180,216$174,447
2 years$92,390$90,670$89,002$87,385$85,817$80,058
3 years$60,982$59,254$57,590$55,989$54,446$48,878
4 years$45,281$43,558$41,911$40,337$38,831$33,497
5 years$35,862$34,150$32,525$30,982$29,519$24,432
6 years$29,585$27,886$26,285$24,777$23,357$18,522
7 years$25,104$23,419$21,843$20,370$18,996$14,412
8 years$21,744$20,074$18,524$17,088$15,759$11,424
9 years$19,132$17,478$15,955$14,555$13,271$9,179
10 years$17,044$15,406$13,910$12,547$11,308$7,453
11 years$15,337$13,715$12,246$10,920$9,725$6,100
12 years$13,915$12,310$10,868$9,578$8,427$5,025
13 years$12,713$11,125$9,710$8,456$7,349$4,161
14 years$11,683$10,112$8,724$7,506$6,442$3,459
15 years$10,792$9,237$7,877$6,694$5,672$2,885
16 years$10,013$8,475$7,142$5,994$5,013$2,413
17 years$9,326$7,805$6,499$5,385$4,445$2,023
18 years$8,716$7,212$5,932$4,853$3,952$1,699
19 years$8,171$6,684$5,431$4,385$3,523$1,430
20 years$7,681$6,211$4,984$3,972$3,146$1,204
21 years$7,238$5,786$4,584$3,605$2,816$1,015
22 years$6,836$5,401$4,225$3,278$2,524$857
23 years$6,470$5,051$3,901$2,985$2,266$724
24 years$6,135$4,733$3,608$2,722$2,036$612
25 years$5,827$4,441$3,342$2,486$1,832$517
26 years$5,543$4,174$3,099$2,273$1,651$438
27 years$5,280$3,928$2,878$2,081$1,488$370
28 years$5,037$3,702$2,675$1,906$1,343$314
29 years$4,811$3,492$2,490$1,748$1,213$266
30 years$4,600$3,298$2,319$1,604$1,096$225
31 years$4,404$3,118$2,162$1,474$991$191
32 years$4,220$2,950$2,017$1,354$896$162
33 years$4,047$2,794$1,883$1,245$811$137
34 years$3,885$2,648$1,760$1,146$734$116
35 years$3,733$2,511$1,645$1,055$665$98
36 years$3,589$2,384$1,539$971$602$83
37 years$3,454$2,264$1,441$895$546$71
38 years$3,326$2,152$1,349$825$495$60
39 years$3,205$2,046$1,264$761$449$51
40 years$3,090$1,946$1,185$702$407$43
41 years$2,981$1,853$1,111$647$369$37
42 years$2,877$1,765$1,042$597$335$31
43 years$2,779$1,681$978$551$304$26
44 years$2,685$1,603$918$509$276$22
45 years$2,596$1,528$862$470$251$19
46 years$2,511$1,458$809$434$228$16
47 years$2,430$1,391$760$401$207$14
48 years$2,352$1,328$715$371$188$12
49 years$2,278$1,268$672$343$170$10
50 years$2,207$1,212$631$317$155$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,260,000, adding $4,427 every year, while hoping to spend $29,414 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: 56/39/5 Blend
69$2,260,000$2,260,000$2,260,000$2,260,000
70$2,495,086$2,375,306$2,340,276$2,632,107
71$2,718,289$2,460,400$2,387,379$2,809,891
72$2,963,272$2,548,678$2,435,075$2,999,732
73$3,232,227$2,640,264$2,483,351$3,205,752
74$3,527,566$2,735,289$2,532,195$3,429,493
75$3,851,948$2,833,888$2,581,594$3,672,650
76$4,208,301$2,936,203$2,631,531$3,937,088
77$4,599,851$3,042,380$2,681,990$4,224,857
78$5,030,151$3,152,572$2,732,952$4,538,210
79$5,503,117$3,266,938$2,784,397$4,879,629
80$6,023,062$3,385,645$2,836,301$5,251,843
81$6,594,738$3,508,866$2,888,641$5,657,852
82$7,223,381$3,636,780$2,941,390$6,100,962
83$7,914,759$3,769,575$2,994,520$6,584,806
84$8,675,227$3,907,447$3,047,999$7,113,386
85$9,511,787$4,050,599$3,101,794$7,691,104
86$10,432,155$4,199,244$3,155,870$8,322,806
87$11,444,831$4,353,602$3,210,187$9,013,827
88$12,559,180$4,513,905$3,264,704$9,770,039
89$13,785,522$4,680,393$3,319,378$10,597,907
90$15,135,229$4,853,315$3,374,161$11,504,547
91$16,620,828$5,032,934$3,429,001$12,497,796
92$18,256,126$5,219,521$3,483,846$13,586,282
93$20,056,333$5,413,359$3,538,637$14,779,506
94$22,038,210$5,614,746$3,593,313$16,087,929
95$24,220,228$5,823,988$3,647,809$17,523,072
96$26,622,736$6,041,408$3,702,055$19,097,621
97$29,268,159$6,267,341$3,755,978$20,825,549
98$32,181,207$6,502,137$3,809,499$22,722,245
99$35,389,109$6,746,160$3,862,536$24,804,655
100$38,921,867$6,999,792$3,915,000$27,091,448