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%15.4%
1 years$206,448$204,609$202,815$201,063$199,354$194,930
2 years$102,202$100,298$98,454$96,665$94,930$90,497
3 years$67,458$65,546$63,706$61,934$60,228$55,923
4 years$50,089$48,183$46,362$44,620$42,955$38,811
5 years$39,671$37,776$35,979$34,273$32,654$28,683
6 years$32,727$30,847$29,076$27,408$25,838$22,045
7 years$27,770$25,905$24,162$22,534$21,013$17,398
8 years$24,053$22,206$20,492$18,903$17,432$13,994
9 years$21,164$19,334$17,649$16,101$14,680$11,416
10 years$18,854$17,042$15,387$13,879$12,509$9,415
11 years$16,965$15,172$13,547$12,079$10,758$7,831
12 years$15,393$13,617$12,022$10,595$9,322$6,557
13 years$14,063$12,306$10,741$9,354$8,129$5,521
14 years$12,924$11,186$9,651$8,303$7,126$4,670
15 years$11,938$10,218$8,713$7,405$6,274$3,964
16 years$11,076$9,375$7,900$6,630$5,545$3,376
17 years$10,316$8,634$7,189$5,957$4,917$2,882
18 years$9,642$7,978$6,562$5,369$4,372$2,466
19 years$9,039$7,394$6,008$4,851$3,897$2,114
20 years$8,497$6,871$5,513$4,394$3,481$1,815
21 years$8,007$6,400$5,071$3,988$3,115$1,560
22 years$7,562$5,974$4,674$3,626$2,792$1,342
23 years$7,157$5,588$4,316$3,302$2,506$1,156
24 years$6,786$5,235$3,991$3,012$2,253$997
25 years$6,445$4,913$3,697$2,750$2,027$860
26 years$6,131$4,617$3,428$2,515$1,826$742
27 years$5,841$4,346$3,184$2,302$1,646$641
28 years$5,572$4,095$2,960$2,109$1,485$554
29 years$5,322$3,863$2,754$1,934$1,341$479
30 years$5,089$3,648$2,565$1,775$1,212$414
31 years$4,871$3,449$2,392$1,630$1,096$358
32 years$4,668$3,263$2,231$1,498$991$310
33 years$4,477$3,090$2,084$1,378$897$268
34 years$4,298$2,929$1,947$1,268$812$232
35 years$4,129$2,778$1,820$1,167$736$201
36 years$3,971$2,637$1,703$1,075$666$174
37 years$3,821$2,504$1,594$990$604$151
38 years$3,679$2,380$1,492$913$548$130
39 years$3,545$2,263$1,398$841$497$113
40 years$3,418$2,153$1,310$776$450$98
41 years$3,297$2,050$1,229$716$409$85
42 years$3,183$1,952$1,153$661$371$73
43 years$3,074$1,860$1,082$610$337$64
44 years$2,970$1,773$1,015$563$305$55
45 years$2,872$1,691$953$520$277$48
46 years$2,777$1,613$895$481$252$41
47 years$2,688$1,539$841$444$229$36
48 years$2,602$1,469$791$410$208$31
49 years$2,519$1,403$743$379$189$27
50 years$2,441$1,340$699$350$171$23

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 $5,693 every year, while hoping to spend $22,479 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: 55/30/15 Blend
69$2,500,000$2,500,000$2,500,000$2,500,000
70$2,760,872$2,628,372$2,589,622$2,901,524
71$3,018,564$2,733,245$2,652,457$3,102,714
72$3,301,786$2,842,503$2,716,644$3,318,767
73$3,613,121$2,956,338$2,782,203$3,553,513
74$3,955,409$3,074,949$2,849,157$3,808,741
75$4,331,785$3,198,545$2,917,528$4,086,419
76$4,745,697$3,327,344$2,987,335$4,388,712
77$5,200,949$3,461,575$3,058,602$4,717,997
78$5,701,729$3,601,475$3,131,348$5,076,893
79$6,252,653$3,747,295$3,205,596$5,468,278
80$6,858,805$3,899,294$3,281,365$5,895,321
81$7,525,789$4,057,745$3,358,677$6,361,505
82$8,259,778$4,222,933$3,437,551$6,870,666
83$9,067,574$4,395,155$3,518,007$7,427,022
84$9,956,672$4,574,724$3,600,066$8,035,219
85$10,935,331$4,761,963$3,683,746$8,700,366
86$12,012,649$4,957,214$3,769,067$9,428,090
87$13,198,655$5,160,833$3,856,046$10,224,581
88$14,504,396$5,373,192$3,944,701$11,096,658
89$15,942,045$5,594,680$4,035,050$12,051,822
90$17,525,019$5,825,704$4,127,109$13,098,337
91$19,268,097$6,066,690$4,220,894$14,245,297
92$21,187,569$6,318,083$4,316,419$15,502,718
93$23,301,382$6,580,350$4,413,700$16,881,625
94$25,629,313$6,853,977$4,512,749$18,394,163
95$28,193,155$7,139,475$4,613,579$20,053,702
96$31,016,924$7,437,376$4,716,200$21,874,966
97$34,127,081$7,748,238$4,820,624$23,874,173
98$37,552,786$8,072,645$4,926,858$26,069,181
99$41,326,173$8,411,207$5,034,911$28,479,659
100$45,482,650$8,764,564$5,144,788$31,127,271