Can I retire at age 70 with 2,280,000?

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 $2,280,000?

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$188,280$186,603$184,967$183,370$181,810$178,285
2 years$93,208$91,472$89,790$88,159$86,576$83,039
3 years$61,521$59,778$58,100$56,484$54,928$51,489
4 years$45,681$43,943$42,282$40,694$39,175$35,861
5 years$36,180$34,452$32,812$31,257$29,780$26,600
6 years$29,847$28,133$26,517$24,996$23,564$20,522
7 years$25,326$23,626$22,036$20,551$19,164$16,260
8 years$21,936$20,252$18,688$17,239$15,898$13,132
9 years$19,302$17,633$16,096$14,684$13,389$10,758
10 years$17,195$15,542$14,033$12,658$11,408$8,910
11 years$15,472$13,836$12,354$11,016$9,811$7,444
12 years$14,038$12,419$10,964$9,663$8,502$6,262
13 years$12,825$11,223$9,796$8,531$7,414$5,297
14 years$11,787$10,201$8,802$7,573$6,499$4,502
15 years$10,887$9,319$7,947$6,753$5,722$3,840
16 years$10,101$8,550$7,205$6,047$5,057$3,286
17 years$9,408$7,874$6,556$5,433$4,484$2,820
18 years$8,793$7,276$5,985$4,896$3,987$2,425
19 years$8,243$6,744$5,479$4,424$3,554$2,090
20 years$7,749$6,266$5,028$4,007$3,174$1,803
21 years$7,302$5,837$4,625$3,637$2,841$1,558
22 years$6,897$5,449$4,263$3,307$2,546$1,348
23 years$6,527$5,096$3,936$3,011$2,286$1,168
24 years$6,189$4,775$3,640$2,747$2,054$1,012
25 years$5,878$4,481$3,371$2,508$1,849$878
26 years$5,592$4,211$3,127$2,293$1,665$762
27 years$5,327$3,963$2,903$2,099$1,501$662
28 years$5,082$3,734$2,699$1,923$1,355$576
29 years$4,854$3,523$2,512$1,764$1,223$500
30 years$4,641$3,327$2,340$1,619$1,105$435
31 years$4,443$3,145$2,181$1,487$999$379
32 years$4,257$2,976$2,035$1,366$904$329
33 years$4,083$2,818$1,900$1,256$818$287
34 years$3,920$2,671$1,775$1,156$741$250
35 years$3,766$2,534$1,660$1,064$671$217
36 years$3,621$2,405$1,553$980$608$189
37 years$3,484$2,284$1,453$903$551$165
38 years$3,355$2,171$1,361$832$499$144
39 years$3,233$2,064$1,275$767$453$125
40 years$3,117$1,964$1,195$708$411$109
41 years$3,007$1,869$1,121$653$373$95
42 years$2,903$1,780$1,051$603$338$83
43 years$2,803$1,696$986$556$307$72
44 years$2,709$1,617$926$514$279$63
45 years$2,619$1,542$869$474$253$55
46 years$2,533$1,471$817$438$230$48
47 years$2,451$1,404$767$405$209$42
48 years$2,373$1,340$721$374$189$36
49 years$2,298$1,280$678$346$172$32
50 years$2,226$1,222$637$320$156$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,280,000, adding $5,514 every year, while hoping to spend $41,906 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: 72/7/21 Blend
69$2,280,000$2,280,000$2,280,000$2,280,000
70$2,518,248$2,397,408$2,362,068$2,686,294
71$2,730,521$2,470,293$2,396,609$2,871,788
72$2,963,042$2,545,345$2,430,904$3,069,351
73$3,217,832$2,622,626$2,464,898$3,284,685
74$3,497,115$2,702,200$2,498,537$3,519,549
75$3,803,344$2,784,131$2,531,761$3,775,880
76$4,139,218$2,868,486$2,564,508$4,055,811
77$4,507,712$2,955,335$2,596,712$4,361,693
78$4,912,100$3,044,748$2,628,303$4,696,114
79$5,355,990$3,136,797$2,659,208$5,061,928
80$5,843,358$3,231,556$2,689,348$5,462,275
81$6,378,580$3,329,102$2,718,640$5,900,618
82$6,966,479$3,429,512$2,746,999$6,380,769
83$7,612,369$3,532,867$2,774,332$6,906,931
84$8,322,101$3,639,248$2,800,543$7,483,733
85$9,102,125$3,748,741$2,825,530$8,116,274
86$9,959,542$3,861,430$2,849,187$8,810,174
87$10,902,180$3,977,404$2,871,399$9,571,625
88$11,938,660$4,096,754$2,892,048$10,407,449
89$13,078,481$4,219,573$2,911,010$11,325,162
90$14,332,109$4,345,956$2,928,152$12,333,047
91$15,711,076$4,475,999$2,943,336$13,440,232
92$17,228,085$4,609,803$2,956,418$14,656,771
93$18,897,136$4,747,469$2,967,244$15,993,747
94$20,733,651$4,889,102$2,975,654$17,463,370
95$22,754,624$5,034,809$2,981,479$19,079,095
96$24,978,780$5,184,699$2,984,543$20,855,749
97$27,426,750$5,338,884$2,984,660$22,809,670
98$30,121,268$5,497,478$2,981,635$24,958,861
99$33,087,381$5,660,599$2,975,264$27,323,161
100$36,352,691$5,828,365$2,965,332$29,924,433