Can I retire at age 70 with 2,500,000?

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 $2,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$206,448$204,609$202,815$201,063$199,354$193,984
2 years$102,202$100,298$98,454$96,665$94,930$89,558
3 years$67,458$65,546$63,706$61,934$60,228$55,022
4 years$50,089$48,183$46,362$44,620$42,955$37,956
5 years$39,671$37,776$35,979$34,273$32,654$27,874
6 years$32,727$30,847$29,076$27,408$25,838$21,283
7 years$27,770$25,905$24,162$22,534$21,013$16,683
8 years$24,053$22,206$20,492$18,903$17,432$13,325
9 years$21,164$19,334$17,649$16,101$14,680$10,792
10 years$18,854$17,042$15,387$13,879$12,509$8,834
11 years$16,965$15,172$13,547$12,079$10,758$7,292
12 years$15,393$13,617$12,022$10,595$9,322$6,058
13 years$14,063$12,306$10,741$9,354$8,129$5,060
14 years$12,924$11,186$9,651$8,303$7,126$4,245
15 years$11,938$10,218$8,713$7,405$6,274$3,574
16 years$11,076$9,375$7,900$6,630$5,545$3,017
17 years$10,316$8,634$7,189$5,957$4,917$2,554
18 years$9,642$7,978$6,562$5,369$4,372$2,166
19 years$9,039$7,394$6,008$4,851$3,897$1,840
20 years$8,497$6,871$5,513$4,394$3,481$1,565
21 years$8,007$6,400$5,071$3,988$3,115$1,333
22 years$7,562$5,974$4,674$3,626$2,792$1,136
23 years$7,157$5,588$4,316$3,302$2,506$970
24 years$6,786$5,235$3,991$3,012$2,253$828
25 years$6,445$4,913$3,697$2,750$2,027$708
26 years$6,131$4,617$3,428$2,515$1,826$605
27 years$5,841$4,346$3,184$2,302$1,646$518
28 years$5,572$4,095$2,960$2,109$1,485$443
29 years$5,322$3,863$2,754$1,934$1,341$379
30 years$5,089$3,648$2,565$1,775$1,212$325
31 years$4,871$3,449$2,392$1,630$1,096$278
32 years$4,668$3,263$2,231$1,498$991$238
33 years$4,477$3,090$2,084$1,378$897$204
34 years$4,298$2,929$1,947$1,268$812$175
35 years$4,129$2,778$1,820$1,167$736$150
36 years$3,971$2,637$1,703$1,075$666$128
37 years$3,821$2,504$1,594$990$604$110
38 years$3,679$2,380$1,492$913$548$94
39 years$3,545$2,263$1,398$841$497$81
40 years$3,418$2,153$1,310$776$450$69
41 years$3,297$2,050$1,229$716$409$59
42 years$3,183$1,952$1,153$661$371$51
43 years$3,074$1,860$1,082$610$337$44
44 years$2,970$1,773$1,015$563$305$37
45 years$2,872$1,691$953$520$277$32
46 years$2,777$1,613$895$481$252$28
47 years$2,688$1,539$841$444$229$24
48 years$2,602$1,469$791$410$208$20
49 years$2,519$1,403$743$379$189$17
50 years$2,441$1,340$699$350$171$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,500,000, adding $3,553 every year, while hoping to spend $57,585 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: 46/35/19 Blend
69$2,500,000$2,500,000$2,500,000$2,500,000
70$2,758,665$2,626,165$2,587,415$2,870,438
71$2,978,779$2,693,577$2,612,823$3,016,332
72$3,219,414$2,762,362$2,637,153$3,168,483
73$3,482,604$2,832,527$2,660,307$3,332,347
74$3,770,585$2,904,077$2,682,183$3,509,040
75$4,085,822$2,977,014$2,702,673$3,699,792
76$4,431,028$3,051,340$2,721,665$3,905,956
77$4,809,192$3,127,055$2,739,040$4,129,024
78$5,223,604$3,204,155$2,754,672$4,370,638
79$5,677,888$3,282,634$2,768,430$4,632,607
80$6,176,035$3,362,486$2,780,175$4,916,926
81$6,722,442$3,443,699$2,789,762$5,225,790
82$7,321,950$3,526,260$2,797,038$5,561,620
83$7,979,894$3,610,151$2,801,844$5,927,080
84$8,702,147$3,695,353$2,804,010$6,325,109
85$9,495,183$3,781,842$2,803,360$6,758,945
86$10,366,128$3,869,588$2,799,710$7,232,154
87$11,322,836$3,958,562$2,792,864$7,748,667
88$12,373,959$4,048,725$2,782,618$8,312,817
89$13,529,027$4,140,036$2,768,759$8,929,378
90$14,798,538$4,232,448$2,751,063$9,603,610
91$16,194,060$4,325,910$2,729,295$10,341,313
92$17,728,337$4,420,362$2,703,209$11,148,878
93$19,415,408$4,515,741$2,672,548$12,033,346
94$21,270,743$4,611,974$2,637,041$13,002,481
95$23,311,382$4,708,985$2,596,405$14,064,837
96$25,556,104$4,806,686$2,550,346$15,229,845
97$28,025,597$4,904,984$2,498,553$16,507,895
98$30,742,656$5,003,776$2,440,702$17,910,442
99$33,732,395$5,102,950$2,376,455$19,450,111
100$37,022,489$5,202,384$2,305,455$21,140,814