Can I retire at age 70 with 2,510,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $2,510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$207,273$205,427$203,626$201,868$200,151$199,224
2 years$102,611$100,700$98,848$97,052$95,310$94,374
3 years$67,728$65,808$63,961$62,182$60,469$59,553
4 years$50,289$48,376$46,547$44,799$43,127$42,238
5 years$39,829$37,927$36,122$34,410$32,784$31,926
6 years$32,858$30,971$29,192$27,518$25,941$25,114
7 years$27,881$26,009$24,259$22,624$21,097$20,301
8 years$24,149$22,295$20,574$18,979$17,502$16,738
9 years$21,249$19,411$17,720$16,166$14,739$14,006
10 years$18,930$17,110$15,449$13,935$12,559$11,857
11 years$17,033$15,232$13,601$12,127$10,801$10,129
12 years$15,454$13,672$12,070$10,637$9,360$8,718
13 years$14,119$12,355$10,784$9,391$8,162$7,550
14 years$12,976$11,230$9,690$8,337$7,155$6,571
15 years$11,986$10,259$8,748$7,435$6,300$5,744
16 years$11,120$9,413$7,932$6,657$5,568$5,040
17 years$10,357$8,669$7,217$5,981$4,937$4,435
18 years$9,680$8,010$6,589$5,390$4,389$3,914
19 years$9,075$7,424$6,032$4,871$3,912$3,461
20 years$8,531$6,899$5,535$4,411$3,495$3,068
21 years$8,039$6,426$5,092$4,003$3,127$2,723
22 years$7,593$5,998$4,693$3,640$2,803$2,421
23 years$7,186$5,610$4,333$3,315$2,516$2,156
24 years$6,813$5,256$4,007$3,024$2,262$1,922
25 years$6,471$4,933$3,711$2,761$2,035$1,715
26 years$6,156$4,636$3,442$2,525$1,833$1,532
27 years$5,864$4,363$3,196$2,311$1,653$1,369
28 years$5,594$4,111$2,971$2,117$1,491$1,225
29 years$5,343$3,878$2,765$1,942$1,347$1,096
30 years$5,109$3,663$2,576$1,782$1,217$982
31 years$4,891$3,463$2,401$1,637$1,100$880
32 years$4,687$3,276$2,240$1,504$995$789
33 years$4,495$3,103$2,092$1,383$901$708
34 years$4,315$2,941$1,954$1,273$815$635
35 years$4,146$2,789$1,827$1,171$738$570
36 years$3,986$2,647$1,709$1,079$669$512
37 years$3,836$2,514$1,600$994$606$459
38 years$3,694$2,390$1,498$916$550$413
39 years$3,559$2,272$1,404$845$499$371
40 years$3,432$2,162$1,316$779$452$333
41 years$3,311$2,058$1,234$719$410$299
42 years$3,196$1,960$1,157$664$372$269
43 years$3,086$1,867$1,086$612$338$242
44 years$2,982$1,780$1,019$566$307$218
45 years$2,883$1,697$957$522$278$196
46 years$2,789$1,619$899$482$253$176
47 years$2,698$1,545$845$446$230$158
48 years$2,612$1,475$794$412$208$142
49 years$2,530$1,409$746$381$189$128
50 years$2,451$1,346$701$352$172$115

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,510,000, adding $3,258 every year, while hoping to spend $25,949 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: 30/46/24 Blend
69$2,510,000$2,510,000$2,510,000$2,510,000
70$2,769,381$2,636,351$2,597,446$2,831,767
71$3,024,248$2,737,922$2,656,851$2,981,668
72$3,304,242$2,843,601$2,717,376$3,140,294
73$3,611,898$2,953,561$2,779,032$3,310,413
74$3,950,010$3,067,984$2,841,827$3,493,039
75$4,321,655$3,187,059$2,905,772$3,689,283
76$4,730,223$3,310,984$2,970,875$3,900,363
77$5,179,450$3,439,966$3,037,143$4,127,615
78$5,673,450$3,574,221$3,104,583$4,372,506
79$6,216,757$3,713,973$3,173,202$4,636,646
80$6,814,367$3,859,459$3,243,006$4,921,801
81$7,471,784$4,010,923$3,313,997$5,229,910
82$8,195,071$4,168,624$3,386,182$5,563,102
83$8,990,910$4,332,828$3,459,561$5,923,718
84$9,866,663$4,503,817$3,534,136$6,314,326
85$10,830,441$4,681,882$3,609,908$6,737,749
86$11,891,182$4,867,331$3,686,876$7,197,089
87$13,058,734$5,060,481$3,765,038$7,695,756
88$14,343,947$5,261,667$3,844,389$8,237,498
89$15,758,779$5,471,238$3,924,925$8,826,434
90$17,316,403$5,689,558$4,006,639$9,467,094
91$19,031,338$5,917,008$4,089,523$10,164,459
92$20,919,579$6,153,985$4,173,566$10,924,008
93$22,998,752$6,400,907$4,258,757$11,751,765
94$25,288,280$6,658,207$4,345,081$12,654,357
95$27,809,565$6,926,339$4,432,522$13,639,077
96$30,586,191$7,205,780$4,521,061$14,713,944
97$33,644,144$7,497,025$4,610,678$15,887,784
98$37,012,060$7,800,592$4,701,349$17,170,310
99$40,721,495$8,117,026$4,793,049$18,572,209
100$44,807,219$8,446,892$4,885,748$20,105,243