Can I retire at age 70 with 2,440,000?

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 $2,440,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$201,493$199,698$197,947$196,238$194,569$192,939
2 years$99,749$97,891$96,091$94,345$92,652$91,009
3 years$65,839$63,973$62,177$60,448$58,782$57,177
4 years$48,887$47,027$45,249$43,549$41,924$40,369
5 years$38,719$36,870$35,115$33,450$31,870$30,370
6 years$31,942$30,107$28,378$26,750$25,218$23,775
7 years$27,103$25,284$23,582$21,993$20,509$19,124
8 years$23,476$21,673$20,000$18,449$17,014$15,686
9 years$20,656$18,870$17,226$15,715$14,328$13,058
10 years$18,402$16,633$15,018$13,546$12,208$10,994
11 years$16,558$14,807$13,221$11,789$10,500$9,341
12 years$15,023$13,290$11,734$10,341$9,099$7,995
13 years$13,725$12,011$10,483$9,129$7,934$6,884
14 years$12,614$10,917$9,419$8,104$6,955$5,956
15 years$11,651$9,973$8,504$7,227$6,124$5,175
16 years$10,810$9,150$7,710$6,471$5,412$4,513
17 years$10,069$8,427$7,016$5,814$4,799$3,947
18 years$9,410$7,787$6,405$5,240$4,267$3,461
19 years$8,822$7,217$5,863$4,735$3,803$3,041
20 years$8,293$6,706$5,381$4,288$3,397$2,678
21 years$7,815$6,247$4,950$3,892$3,040$2,362
22 years$7,381$5,831$4,562$3,539$2,725$2,086
23 years$6,985$5,454$4,212$3,223$2,446$1,844
24 years$6,623$5,110$3,895$2,939$2,199$1,633
25 years$6,291$4,795$3,608$2,684$1,978$1,447
26 years$5,984$4,507$3,346$2,454$1,782$1,283
27 years$5,701$4,241$3,107$2,247$1,607$1,139
28 years$5,438$3,997$2,889$2,058$1,450$1,012
29 years$5,194$3,770$2,688$1,888$1,309$899
30 years$4,967$3,561$2,504$1,732$1,183$799
31 years$4,754$3,366$2,334$1,591$1,069$711
32 years$4,556$3,185$2,178$1,462$967$633
33 years$4,370$3,016$2,033$1,345$875$563
34 years$4,195$2,859$1,900$1,237$793$502
35 years$4,030$2,711$1,776$1,139$718$447
36 years$3,875$2,573$1,662$1,049$650$398
37 years$3,729$2,444$1,555$966$590$355
38 years$3,591$2,323$1,457$891$534$316
39 years$3,460$2,209$1,365$821$485$282
40 years$3,336$2,102$1,279$758$440$252
41 years$3,218$2,000$1,199$699$399$224
42 years$3,106$1,905$1,125$645$362$200
43 years$3,000$1,815$1,056$595$328$178
44 years$2,899$1,730$991$550$298$159
45 years$2,803$1,650$930$508$271$142
46 years$2,711$1,574$874$469$246$127
47 years$2,623$1,502$821$433$223$113
48 years$2,539$1,434$772$400$203$101
49 years$2,459$1,369$725$370$184$90
50 years$2,382$1,308$682$342$167$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,440,000, adding $6,108 every year, while hoping to spend $26,380 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: 53/26/21 Blend
69$2,440,000$2,440,000$2,440,000$2,440,000
70$2,695,180$2,565,860$2,528,040$2,822,168
71$2,942,021$2,663,519$2,584,662$3,007,799
72$3,213,155$2,765,080$2,642,296$3,206,431
73$3,511,032$2,870,704$2,700,948$3,422,015
74$3,838,352$2,980,564$2,760,625$3,656,174
75$4,198,089$3,094,836$2,821,331$3,910,695
76$4,593,518$3,213,707$2,883,069$4,187,543
77$5,028,248$3,337,370$2,945,843$4,488,880
78$5,506,255$3,466,027$3,009,655$4,817,083
79$6,031,921$3,599,890$3,074,506$5,174,769
80$6,610,072$3,739,180$3,140,397$5,564,818
81$7,246,025$3,884,125$3,207,326$5,990,398
82$7,945,640$4,034,968$3,275,292$6,454,995
83$8,715,372$4,191,958$3,344,291$6,962,449
84$9,562,333$4,355,357$3,414,318$7,516,985
85$10,494,362$4,525,440$3,485,368$8,123,252
86$11,520,093$4,702,493$3,557,434$8,786,371
87$12,649,040$4,886,813$3,630,506$9,511,978
88$13,891,688$5,078,712$3,704,573$10,306,280
89$15,259,588$5,278,517$3,779,624$11,176,110
90$16,765,468$5,486,567$3,855,644$12,128,991
91$18,423,355$5,703,217$3,932,617$13,173,209
92$20,248,702$5,928,840$4,010,524$14,317,887
93$22,258,538$6,163,822$4,089,346$15,573,074
94$24,471,628$6,408,568$4,169,059$16,949,833
95$26,908,650$6,663,504$4,249,637$18,460,353
96$29,592,386$6,929,070$4,331,055$20,118,054
97$32,547,944$7,205,728$4,413,279$21,937,720
98$35,802,989$7,493,963$4,496,278$23,935,635
99$39,388,005$7,794,279$4,580,015$26,129,732
100$43,336,586$8,107,203$4,664,450$28,539,768