Can I retire at age 70 with 2,390,000?

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 $2,390,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$197,364$195,606$193,891$192,217$190,582$186,050
2 years$97,705$95,885$94,122$92,412$90,753$86,214
3 years$64,490$62,662$60,903$59,209$57,578$53,173
4 years$47,885$46,063$44,322$42,657$41,065$36,829
5 years$37,925$36,114$34,396$32,765$31,217$27,161
6 years$31,287$29,490$27,797$26,202$24,701$20,829
7 years$26,548$24,766$23,099$21,542$20,088$16,401
8 years$22,995$21,229$19,590$18,071$16,665$13,162
9 years$20,233$18,483$16,873$15,393$14,035$10,711
10 years$18,025$16,292$14,710$13,269$11,958$8,812
11 years$16,219$14,504$12,951$11,548$10,284$7,311
12 years$14,715$13,018$11,493$10,129$8,912$6,106
13 years$13,444$11,764$10,268$8,942$7,772$5,127
14 years$12,355$10,694$9,226$7,938$6,813$4,325
15 years$11,413$9,769$8,330$7,079$5,998$3,661
16 years$10,589$8,963$7,552$6,339$5,301$3,109
17 years$9,862$8,254$6,872$5,695$4,701$2,647
18 years$9,217$7,627$6,274$5,133$4,180$2,258
19 years$8,641$7,069$5,743$4,638$3,725$1,929
20 years$8,123$6,569$5,271$4,200$3,327$1,651
21 years$7,655$6,119$4,848$3,812$2,978$1,415
22 years$7,230$5,711$4,468$3,466$2,669$1,214
23 years$6,842$5,342$4,126$3,157$2,396$1,043
24 years$6,488$5,005$3,816$2,879$2,154$896
25 years$6,162$4,697$3,534$2,629$1,938$771
26 years$5,862$4,414$3,278$2,404$1,746$663
27 years$5,584$4,154$3,044$2,201$1,574$571
28 years$5,327$3,915$2,829$2,016$1,420$492
29 years$5,088$3,693$2,633$1,849$1,282$424
30 years$4,865$3,488$2,453$1,697$1,159$365
31 years$4,657$3,297$2,286$1,558$1,047$315
32 years$4,463$3,120$2,133$1,432$948$271
33 years$4,280$2,954$1,992$1,317$858$234
34 years$4,109$2,800$1,861$1,212$776$202
35 years$3,948$2,656$1,740$1,115$703$174
36 years$3,796$2,521$1,628$1,027$637$150
37 years$3,653$2,394$1,523$947$577$130
38 years$3,517$2,275$1,427$872$524$112
39 years$3,389$2,164$1,337$804$475$97
40 years$3,268$2,058$1,253$742$431$83
41 years$3,152$1,959$1,175$685$391$72
42 years$3,043$1,866$1,102$632$354$62
43 years$2,939$1,778$1,034$583$322$54
44 years$2,840$1,695$971$538$292$46
45 years$2,745$1,616$911$497$265$40
46 years$2,655$1,542$856$459$241$35
47 years$2,569$1,471$804$424$219$30
48 years$2,487$1,405$756$392$198$26
49 years$2,409$1,341$710$362$180$22
50 years$2,333$1,281$668$335$164$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,390,000, adding $6,771 every year, while hoping to spend $36,030 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: 60/17/23 Blend
69$2,390,000$2,390,000$2,390,000$2,390,000
70$2,640,764$2,514,094$2,477,049$2,782,679
71$2,871,787$2,598,949$2,521,695$2,964,676
72$3,125,166$2,686,755$2,566,628$3,158,643
73$3,403,144$2,777,617$2,611,822$3,369,484
74$3,708,191$2,871,646$2,657,244$3,598,846
75$4,043,027$2,968,958$2,702,863$3,848,540
76$4,410,650$3,069,671$2,748,642$4,120,560
77$4,814,360$3,173,908$2,794,546$4,417,102
78$5,257,794$3,281,799$2,840,532$4,740,584
79$5,744,958$3,393,476$2,886,559$5,093,669
80$6,280,265$3,509,078$2,932,580$5,479,288
81$6,868,577$3,628,748$2,978,546$5,900,670
82$7,515,250$3,752,634$3,024,406$6,361,371
83$8,226,185$3,880,893$3,070,103$6,865,308
84$9,007,883$4,013,685$3,115,579$7,416,793
85$9,867,508$4,151,176$3,160,772$8,020,577
86$10,812,950$4,293,539$3,205,614$8,681,894
87$11,852,904$4,440,956$3,250,035$9,406,509
88$12,996,950$4,593,613$3,293,961$10,200,770
89$14,255,643$4,751,704$3,337,313$11,071,673
90$15,640,612$4,915,431$3,380,006$12,026,924
91$17,164,671$5,085,004$3,421,953$13,075,011
92$18,841,939$5,260,641$3,463,060$14,225,286
93$20,687,972$5,442,567$3,503,228$15,488,053
94$22,719,912$5,631,019$3,542,352$16,874,662
95$24,956,644$5,826,241$3,580,323$18,397,620
96$27,418,982$6,028,486$3,617,023$20,070,704
97$30,129,856$6,238,020$3,652,331$21,909,095
98$33,114,534$6,455,116$3,686,117$23,929,519
99$36,400,859$6,680,059$3,718,245$26,150,405
100$40,019,512$6,913,148$3,748,572$28,592,056