Can I retire at age 70 with 2,450,000?

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 $2,450,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$202,319$200,517$198,758$197,042$195,366$192,288
2 years$100,158$98,292$96,485$94,732$93,032$89,938
3 years$66,109$64,235$62,432$60,696$59,023$56,011
4 years$49,087$47,220$45,434$43,728$42,096$39,188
5 years$38,877$37,021$35,259$33,587$32,001$29,206
6 years$32,073$30,230$28,495$26,860$25,321$22,642
7 years$27,214$25,387$23,679$22,083$20,593$18,031
8 years$23,572$21,762$20,082$18,525$17,084$14,638
9 years$20,741$18,947$17,296$15,779$14,387$12,056
10 years$18,477$16,701$15,079$13,602$12,258$10,041
11 years$16,626$14,868$13,276$11,838$10,543$8,436
12 years$15,085$13,345$11,782$10,383$9,136$7,138
13 years$13,782$12,060$10,526$9,167$7,967$6,074
14 years$12,666$10,962$9,458$8,137$6,984$5,194
15 years$11,699$10,014$8,539$7,257$6,149$4,458
16 years$10,854$9,188$7,742$6,498$5,434$3,839
17 years$10,110$8,462$7,045$5,838$4,819$3,315
18 years$9,449$7,819$6,431$5,261$4,284$2,870
19 years$8,858$7,246$5,887$4,754$3,819$2,489
20 years$8,327$6,734$5,403$4,306$3,411$2,163
21 years$7,847$6,272$4,970$3,908$3,052$1,882
22 years$7,411$5,855$4,580$3,553$2,736$1,640
23 years$7,014$5,476$4,229$3,236$2,456$1,430
24 years$6,650$5,131$3,911$2,951$2,208$1,248
25 years$6,316$4,815$3,623$2,695$1,987$1,091
26 years$6,009$4,525$3,360$2,464$1,789$954
27 years$5,724$4,259$3,120$2,256$1,613$835
28 years$5,461$4,013$2,900$2,067$1,456$731
29 years$5,215$3,786$2,699$1,895$1,314$640
30 years$4,987$3,575$2,514$1,739$1,188$561
31 years$4,774$3,380$2,344$1,597$1,074$491
32 years$4,575$3,198$2,187$1,468$971$431
33 years$4,388$3,029$2,042$1,350$879$378
34 years$4,212$2,870$1,908$1,242$796$331
35 years$4,047$2,722$1,784$1,143$721$291
36 years$3,891$2,584$1,669$1,053$653$255
37 years$3,744$2,454$1,562$970$592$224
38 years$3,605$2,332$1,462$894$537$197
39 years$3,474$2,218$1,370$825$487$173
40 years$3,350$2,110$1,284$761$441$152
41 years$3,231$2,009$1,204$702$400$133
42 years$3,119$1,913$1,130$648$363$117
43 years$3,013$1,823$1,060$598$330$103
44 years$2,911$1,737$995$552$299$90
45 years$2,814$1,657$934$510$272$79
46 years$2,722$1,580$877$471$247$70
47 years$2,634$1,508$824$435$224$61
48 years$2,550$1,440$775$402$203$54
49 years$2,469$1,375$728$372$185$47
50 years$2,392$1,313$685$343$168$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,450,000, adding $4,963 every year, while hoping to spend $44,636 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: 27/50/23 Blend
69$2,450,000$2,450,000$2,450,000$2,450,000
70$2,705,019$2,575,169$2,537,194$2,758,326
71$2,933,439$2,653,860$2,574,698$2,879,621
72$3,183,661$2,734,911$2,611,962$3,005,531
73$3,457,863$2,818,390$2,648,931$3,139,782
74$3,758,442$2,904,368$2,685,547$3,283,110
75$4,088,038$2,992,917$2,721,748$3,436,325
76$4,449,559$3,084,111$2,757,468$3,600,315
77$4,846,209$3,178,027$2,792,637$3,776,058
78$5,281,514$3,274,743$2,827,183$3,964,625
79$5,759,362$3,374,339$2,861,027$4,167,198
80$6,284,034$3,476,898$2,894,088$4,385,074
81$6,860,244$3,582,504$2,926,278$4,619,680
82$7,493,187$3,691,245$2,957,507$4,872,586
83$8,188,587$3,803,211$2,987,678$5,145,519
84$8,952,746$3,918,492$3,016,689$5,440,378
85$9,792,611$4,037,183$3,044,433$5,759,253
86$10,715,833$4,159,381$3,070,798$6,104,446
87$11,730,842$4,285,184$3,095,663$6,478,489
88$12,846,924$4,414,694$3,118,903$6,884,167
89$14,074,312$4,548,016$3,140,388$7,324,550
90$15,424,278$4,685,255$3,159,978$7,803,014
91$16,909,245$4,826,523$3,177,528$8,323,279
92$18,542,897$4,971,931$3,192,884$8,889,438
93$20,340,311$5,121,595$3,205,885$9,506,001
94$22,318,102$5,275,633$3,216,361$10,177,933
95$24,494,575$5,434,165$3,224,136$10,910,702
96$26,889,899$5,597,317$3,229,021$11,710,329
97$29,526,298$5,765,214$3,230,822$12,583,447
98$32,428,258$5,937,988$3,229,333$13,537,362
99$35,622,763$6,115,771$3,224,338$14,580,122
100$39,139,541$6,298,700$3,215,610$15,720,589