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

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$208,925$207,064$205,248$203,476$201,746$196,789
2 years$103,428$101,502$99,635$97,825$96,069$91,106
3 years$68,267$66,333$64,471$62,677$60,950$56,136
4 years$50,690$48,762$46,918$45,156$43,470$38,841
5 years$40,147$38,230$36,410$34,684$33,045$28,615
6 years$33,120$31,217$29,425$27,737$26,148$21,920
7 years$28,103$26,216$24,452$22,804$21,265$17,241
8 years$24,342$22,472$20,737$19,130$17,641$13,819
9 years$21,418$19,566$17,861$16,294$14,857$11,233
10 years$19,080$17,247$15,572$14,046$12,659$9,230
11 years$17,169$15,354$13,709$12,224$10,887$7,647
12 years$15,577$13,781$12,167$10,722$9,434$6,379
13 years$14,232$12,454$10,870$9,466$8,227$5,350
14 years$13,079$11,320$9,767$8,403$7,212$4,506
15 years$12,081$10,341$8,818$7,494$6,350$3,809
16 years$11,209$9,488$7,995$6,710$5,612$3,230
17 years$10,440$8,738$7,275$6,029$4,976$2,746
18 years$9,757$8,074$6,641$5,433$4,424$2,339
19 years$9,147$7,483$6,080$4,909$3,943$1,996
20 years$8,599$6,954$5,580$4,446$3,522$1,706
21 years$8,103$6,477$5,132$4,035$3,152$1,459
22 years$7,653$6,046$4,730$3,669$2,825$1,250
23 years$7,243$5,655$4,367$3,342$2,536$1,072
24 years$6,868$5,298$4,039$3,048$2,280$920
25 years$6,523$4,972$3,741$2,783$2,051$790
26 years$6,205$4,673$3,470$2,545$1,848$678
27 years$5,911$4,398$3,222$2,329$1,666$583
28 years$5,639$4,144$2,995$2,134$1,503$501
29 years$5,386$3,909$2,787$1,957$1,357$431
30 years$5,150$3,692$2,596$1,796$1,226$371
31 years$4,930$3,490$2,420$1,650$1,109$319
32 years$4,724$3,302$2,258$1,516$1,003$275
33 years$4,531$3,127$2,109$1,394$908$237
34 years$4,350$2,964$1,970$1,283$822$204
35 years$4,179$2,811$1,842$1,181$744$176
36 years$4,018$2,668$1,723$1,088$674$151
37 years$3,867$2,534$1,613$1,002$611$130
38 years$3,723$2,409$1,510$924$554$112
39 years$3,587$2,290$1,415$852$503$97
40 years$3,459$2,179$1,326$785$456$83
41 years$3,337$2,074$1,244$725$414$72
42 years$3,221$1,975$1,167$669$375$62
43 years$3,111$1,882$1,095$617$341$53
44 years$3,006$1,794$1,027$570$309$46
45 years$2,906$1,711$965$526$281$40
46 years$2,811$1,632$906$486$255$34
47 years$2,720$1,558$851$449$231$29
48 years$2,633$1,487$800$415$210$25
49 years$2,550$1,420$752$384$191$22
50 years$2,470$1,356$707$355$173$19

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 $6,473 every year, while hoping to spend $48,086 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: 51/44/5 Blend
69$2,530,000$2,530,000$2,530,000$2,530,000
70$2,794,737$2,660,647$2,621,432$2,933,706
71$3,028,637$2,739,855$2,658,087$3,107,969
72$3,284,783$2,821,334$2,694,358$3,291,531
73$3,565,394$2,905,142$2,730,182$3,489,899
74$3,872,912$2,991,342$2,765,491$3,704,470
75$4,210,028$3,079,997$2,800,214$3,936,783
76$4,579,706$3,171,171$2,834,276$4,188,530
77$4,985,209$3,264,932$2,867,597$4,461,570
78$5,430,132$3,361,345$2,900,093$4,757,951
79$5,918,434$3,460,480$2,931,675$5,079,926
80$6,454,478$3,562,407$2,962,250$5,429,975
81$7,043,068$3,667,198$2,991,719$5,810,824
82$7,689,496$3,774,926$3,019,977$6,225,479
83$8,399,594$3,885,666$3,046,914$6,677,243
84$9,179,782$3,999,494$3,072,416$7,169,757
85$10,037,138$4,116,487$3,096,360$7,707,027
86$10,979,457$4,236,726$3,118,619$8,293,463
87$12,015,326$4,360,289$3,139,057$8,933,923
88$13,154,206$4,487,261$3,157,532$9,633,756
89$14,406,521$4,617,723$3,173,896$10,398,849
90$15,783,757$4,751,761$3,187,991$11,235,690
91$17,298,564$4,889,462$3,199,654$12,151,421
92$18,964,886$5,030,914$3,208,710$13,153,909
93$20,798,081$5,176,205$3,214,979$14,251,818
94$22,815,073$5,325,428$3,218,269$15,454,693
95$25,034,510$5,478,673$3,218,380$16,773,046
96$27,476,937$5,636,034$3,215,102$18,218,457
97$30,164,992$5,797,607$3,208,216$19,803,681
98$33,123,618$5,963,488$3,197,488$21,542,769
99$36,380,302$6,133,773$3,182,678$23,451,202
100$39,965,326$6,308,561$3,163,532$25,546,032