Can I retire at age 70 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$208,925$207,064$205,248$203,476$201,746$196,391
2 years$103,428$101,502$99,635$97,825$96,069$90,712
3 years$68,267$66,333$64,471$62,677$60,950$55,758
4 years$50,690$48,762$46,918$45,156$43,470$38,482
5 years$40,147$38,230$36,410$34,684$33,045$28,276
6 years$33,120$31,217$29,425$27,737$26,148$21,602
7 years$28,103$26,216$24,452$22,804$21,265$16,943
8 years$24,342$22,472$20,737$19,130$17,641$13,540
9 years$21,418$19,566$17,861$16,294$14,857$10,973
10 years$19,080$17,247$15,572$14,046$12,659$8,988
11 years$17,169$15,354$13,709$12,224$10,887$7,423
12 years$15,577$13,781$12,167$10,722$9,434$6,172
13 years$14,232$12,454$10,870$9,466$8,227$5,158
14 years$13,079$11,320$9,767$8,403$7,212$4,330
15 years$12,081$10,341$8,818$7,494$6,350$3,648
16 years$11,209$9,488$7,995$6,710$5,612$3,082
17 years$10,440$8,738$7,275$6,029$4,976$2,610
18 years$9,757$8,074$6,641$5,433$4,424$2,215
19 years$9,147$7,483$6,080$4,909$3,943$1,883
20 years$8,599$6,954$5,580$4,446$3,522$1,603
21 years$8,103$6,477$5,132$4,035$3,152$1,367
22 years$7,653$6,046$4,730$3,669$2,825$1,166
23 years$7,243$5,655$4,367$3,342$2,536$996
24 years$6,868$5,298$4,039$3,048$2,280$851
25 years$6,523$4,972$3,741$2,783$2,051$728
26 years$6,205$4,673$3,470$2,545$1,848$623
27 years$5,911$4,398$3,222$2,329$1,666$533
28 years$5,639$4,144$2,995$2,134$1,503$457
29 years$5,386$3,909$2,787$1,957$1,357$391
30 years$5,150$3,692$2,596$1,796$1,226$335
31 years$4,930$3,490$2,420$1,650$1,109$287
32 years$4,724$3,302$2,258$1,516$1,003$246
33 years$4,531$3,127$2,109$1,394$908$211
34 years$4,350$2,964$1,970$1,283$822$181
35 years$4,179$2,811$1,842$1,181$744$155
36 years$4,018$2,668$1,723$1,088$674$133
37 years$3,867$2,534$1,613$1,002$611$114
38 years$3,723$2,409$1,510$924$554$98
39 years$3,587$2,290$1,415$852$503$84
40 years$3,459$2,179$1,326$785$456$72
41 years$3,337$2,074$1,244$725$414$62
42 years$3,221$1,975$1,167$669$375$53
43 years$3,111$1,882$1,095$617$341$46
44 years$3,006$1,794$1,027$570$309$39
45 years$2,906$1,711$965$526$281$34
46 years$2,811$1,632$906$486$255$29
47 years$2,720$1,558$851$449$231$25
48 years$2,633$1,487$800$415$210$21
49 years$2,550$1,420$752$384$191$18
50 years$2,470$1,356$707$355$173$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,530,000, adding $6,198 every year, while hoping to spend $57,138 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: 30/43/27 Blend
69$2,530,000$2,530,000$2,530,000$2,530,000
70$2,794,453$2,660,363$2,621,148$2,854,886
71$3,018,693$2,729,927$2,648,162$2,972,016
72$3,263,890$2,800,984$2,674,166$3,092,502
73$3,532,122$2,873,547$2,699,066$3,220,979
74$3,825,677$2,947,629$2,722,763$3,358,180
75$4,147,072$3,023,238$2,745,151$3,504,913
76$4,499,081$3,100,385$2,766,122$3,662,069
77$4,884,759$3,179,075$2,785,558$3,830,629
78$5,307,469$3,259,315$2,803,340$4,011,673
79$5,770,917$3,341,107$2,819,337$4,206,391
80$6,279,181$3,424,453$2,833,416$4,416,096
81$6,836,758$3,509,351$2,845,435$4,642,233
82$7,448,595$3,595,797$2,855,246$4,886,396
83$8,120,147$3,683,786$2,862,691$5,150,341
84$8,857,418$3,773,308$2,867,608$5,436,004
85$9,667,025$3,864,351$2,869,823$5,745,519
86$10,556,256$3,956,898$2,869,156$6,081,237
87$11,533,139$4,050,931$2,865,418$6,445,752
88$12,606,518$4,146,425$2,858,408$6,841,921
89$13,786,138$4,243,355$2,847,920$7,272,896
90$15,082,732$4,341,687$2,833,733$7,742,149
91$16,508,126$4,441,386$2,815,619$8,253,510
92$18,075,350$4,542,409$2,793,337$8,811,201
93$19,798,757$4,644,709$2,766,636$9,419,876
94$21,694,164$4,748,232$2,735,251$10,084,667
95$23,778,994$4,852,921$2,698,907$10,811,229
96$26,072,445$4,958,708$2,657,314$11,605,800
97$28,595,670$5,065,520$2,610,170$12,475,255
98$31,371,974$5,173,277$2,557,157$13,427,174
99$34,427,038$5,281,890$2,497,944$14,469,916
100$37,789,154$5,391,261$2,432,184$15,612,692