Can I retire at age 70 with 2,460,000?

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 $2,460,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$203,145$201,335$199,570$197,846$196,164$190,189
2 years$100,567$98,694$96,878$95,118$93,411$87,443
3 years$66,378$64,497$62,687$60,943$59,264$53,490
4 years$49,288$47,412$45,620$43,906$42,268$36,731
5 years$39,036$37,172$35,403$33,724$32,131$26,848
6 years$32,204$30,354$28,611$26,970$25,424$20,399
7 years$27,325$25,491$23,776$22,173$20,677$15,908
8 years$23,668$21,850$20,164$18,600$17,153$12,639
9 years$20,825$19,025$17,367$15,843$14,446$10,181
10 years$18,552$16,769$15,141$13,657$12,308$8,287
11 years$16,694$14,929$13,330$11,886$10,586$6,801
12 years$15,146$13,399$11,830$10,426$9,173$5,617
13 years$13,838$12,109$10,569$9,204$7,999$4,663
14 years$12,717$11,007$9,496$8,170$7,012$3,887
15 years$11,747$10,055$8,574$7,287$6,174$3,252
16 years$10,899$9,225$7,774$6,524$5,457$2,728
17 years$10,151$8,496$7,074$5,862$4,838$2,294
18 years$9,487$7,851$6,457$5,283$4,302$1,932
19 years$8,894$7,276$5,911$4,774$3,834$1,630
20 years$8,361$6,761$5,425$4,323$3,425$1,377
21 years$7,879$6,298$4,990$3,924$3,065$1,165
22 years$7,441$5,879$4,599$3,568$2,747$986
23 years$7,043$5,498$4,247$3,249$2,466$836
24 years$6,678$5,152$3,927$2,963$2,217$709
25 years$6,342$4,834$3,637$2,706$1,995$601
26 years$6,033$4,544$3,374$2,474$1,797$510
27 years$5,748$4,276$3,133$2,265$1,620$433
28 years$5,483$4,029$2,912$2,075$1,462$368
29 years$5,237$3,801$2,710$1,903$1,320$313
30 years$5,007$3,590$2,524$1,746$1,193$266
31 years$4,793$3,394$2,353$1,604$1,078$226
32 years$4,593$3,211$2,196$1,474$975$192
33 years$4,405$3,041$2,050$1,356$883$163
34 years$4,229$2,882$1,916$1,247$799$139
35 years$4,063$2,734$1,791$1,148$724$118
36 years$3,907$2,595$1,675$1,057$656$101
37 years$3,760$2,464$1,568$974$594$85
38 years$3,620$2,342$1,468$898$539$73
39 years$3,488$2,227$1,376$828$489$62
40 years$3,363$2,119$1,290$764$443$53
41 years$3,245$2,017$1,209$705$402$45
42 years$3,132$1,921$1,134$650$365$38
43 years$3,025$1,830$1,064$600$331$32
44 years$2,923$1,744$999$554$301$28
45 years$2,826$1,664$938$512$273$23
46 years$2,733$1,587$881$473$248$20
47 years$2,645$1,514$828$437$225$17
48 years$2,560$1,446$778$404$204$14
49 years$2,479$1,381$731$373$186$12
50 years$2,402$1,319$687$345$169$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,460,000, adding $4,837 every year, while hoping to spend $35,741 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: 64/7/29 Blend
69$2,460,000$2,460,000$2,460,000$2,460,000
70$2,715,909$2,585,529$2,547,399$2,868,434
71$2,954,904$2,674,192$2,594,709$3,061,056
72$3,217,078$2,766,002$2,642,406$3,267,093
73$3,504,758$2,861,074$2,690,465$3,491,471
74$3,820,508$2,959,530$2,738,859$3,735,996
75$4,167,149$3,061,496$2,787,560$4,002,662
76$4,547,791$3,167,103$2,836,536$4,293,661
77$4,965,860$3,276,485$2,885,754$4,611,410
78$5,425,129$3,389,784$2,935,179$4,958,569
79$5,929,755$3,507,147$2,984,770$5,338,070
80$6,484,317$3,628,724$3,034,488$5,753,141
81$7,093,862$3,754,676$3,084,287$6,207,339
82$7,763,946$3,885,166$3,134,121$6,704,582
83$8,500,695$4,020,365$3,183,940$7,249,187
84$9,310,854$4,160,451$3,233,690$7,845,909
85$10,201,856$4,305,608$3,283,314$8,499,988
86$11,181,891$4,456,029$3,332,751$9,217,194
87$12,259,982$4,611,912$3,381,936$10,003,889
88$13,446,071$4,773,467$3,430,802$10,867,076
89$14,751,112$4,940,908$3,479,275$11,814,478
90$16,187,173$5,114,461$3,527,279$12,854,599
91$17,767,553$5,294,358$3,574,731$13,996,811
92$19,506,905$5,480,842$3,621,546$15,251,440
93$21,421,373$5,674,167$3,667,631$16,629,864
94$23,528,747$5,874,595$3,712,891$18,144,621
95$25,848,628$6,082,399$3,757,221$19,809,524
96$28,402,615$6,297,864$3,800,516$21,639,796
97$31,214,508$6,521,286$3,842,659$23,652,209
98$34,310,531$6,752,972$3,883,532$25,865,245
99$37,719,582$6,993,244$3,923,006$28,299,271
100$41,473,500$7,242,434$3,960,948$30,976,729