Can I retire at age 70 with 2,320,000?

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 $2,320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$191,583$189,877$188,212$186,587$185,000$178,153
2 years$94,843$93,077$91,365$89,705$88,095$81,274
3 years$62,601$60,827$59,119$57,475$55,891$49,311
4 years$46,483$44,714$43,024$41,408$39,862$33,572
5 years$36,814$35,056$33,388$31,805$30,303$24,320
6 years$30,371$28,626$26,983$25,435$23,977$18,306
7 years$25,770$24,040$22,423$20,911$19,500$14,139
8 years$22,321$20,607$19,016$17,542$16,177$11,121
9 years$19,640$17,942$16,379$14,942$13,624$8,865
10 years$17,497$15,815$14,279$12,880$11,608$7,139
11 years$15,744$14,079$12,571$11,209$9,983$5,795
12 years$14,284$12,637$11,157$9,832$8,651$4,732
13 years$13,050$11,420$9,968$8,680$7,544$3,883
14 years$11,994$10,380$8,956$7,705$6,613$3,199
15 years$11,078$9,483$8,086$6,872$5,823$2,644
16 years$10,278$8,700$7,331$6,153$5,146$2,191
17 years$9,573$8,013$6,671$5,528$4,563$1,819
18 years$8,947$7,404$6,090$4,982$4,057$1,513
19 years$8,388$6,862$5,575$4,502$3,616$1,261
20 years$7,885$6,376$5,116$4,077$3,230$1,051
21 years$7,431$5,939$4,706$3,700$2,891$878
22 years$7,018$5,544$4,337$3,365$2,591$733
23 years$6,642$5,185$4,005$3,064$2,326$613
24 years$6,298$4,858$3,704$2,795$2,090$513
25 years$5,981$4,559$3,430$2,552$1,881$429
26 years$5,690$4,285$3,182$2,334$1,694$359
27 years$5,420$4,033$2,954$2,136$1,528$301
28 years$5,171$3,800$2,746$1,957$1,378$252
29 years$4,939$3,585$2,556$1,795$1,245$211
30 years$4,723$3,386$2,381$1,647$1,125$177
31 years$4,521$3,200$2,219$1,513$1,017$148
32 years$4,332$3,028$2,071$1,390$920$124
33 years$4,155$2,868$1,933$1,278$832$104
34 years$3,989$2,718$1,807$1,176$754$87
35 years$3,832$2,578$1,689$1,083$683$73
36 years$3,685$2,447$1,580$997$618$62
37 years$3,546$2,324$1,479$919$561$52
38 years$3,414$2,209$1,385$847$508$43
39 years$3,290$2,100$1,297$781$461$36
40 years$3,172$1,998$1,216$720$418$30
41 years$3,060$1,902$1,140$665$379$26
42 years$2,954$1,811$1,070$613$344$21
43 years$2,853$1,726$1,004$566$312$18
44 years$2,756$1,645$942$523$283$15
45 years$2,665$1,569$885$483$257$13
46 years$2,577$1,497$831$446$234$11
47 years$2,494$1,428$781$412$212$9
48 years$2,414$1,363$734$381$193$7
49 years$2,338$1,302$690$352$175$6
50 years$2,265$1,244$648$325$159$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,320,000, adding $4,216 every year, while hoping to spend $38,342 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: 78/10/12 Blend
69$2,320,000$2,320,000$2,320,000$2,320,000
70$2,560,989$2,438,029$2,402,069$2,754,593
71$2,781,414$2,516,697$2,441,743$2,961,228
72$3,023,038$2,597,934$2,481,460$3,182,480
73$3,287,981$2,681,827$2,521,183$3,424,059
74$3,578,582$2,768,463$2,560,869$3,687,978
75$3,897,413$2,857,934$2,600,474$3,976,455
76$4,247,311$2,950,334$2,639,952$4,291,930
77$4,631,397$3,045,761$2,679,251$4,637,093
78$5,053,113$3,144,316$2,718,318$5,014,903
79$5,516,246$3,246,104$2,757,098$5,428,622
80$6,024,973$3,351,232$2,795,530$5,881,843
81$6,583,891$3,459,813$2,833,551$6,378,522
82$7,198,066$3,571,962$2,871,093$6,923,018
83$7,873,079$3,687,798$2,908,085$7,520,132
84$8,615,079$3,807,447$2,944,452$8,175,151
85$9,430,840$3,931,034$2,980,115$8,893,904
86$10,327,825$4,058,694$3,014,987$9,682,809
87$11,314,256$4,190,563$3,048,982$10,548,935
88$12,399,192$4,326,783$3,082,006$11,500,075
89$13,592,615$4,467,500$3,113,958$12,544,810
90$14,905,520$4,612,867$3,144,734$13,692,596
91$16,350,026$4,763,040$3,174,226$14,953,851
92$17,939,482$4,918,182$3,202,315$16,340,053
93$19,688,597$5,078,461$3,228,881$17,863,849
94$21,613,580$5,244,052$3,253,795$19,539,172
95$23,732,289$5,415,134$3,276,920$21,381,376
96$26,064,401$5,591,893$3,298,115$23,407,376
97$28,631,597$5,774,524$3,317,230$25,635,811
98$31,457,770$5,963,226$3,334,107$28,087,218
99$34,569,243$6,158,205$3,348,580$30,784,227
100$37,995,025$6,359,675$3,360,476$33,751,773