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%17%
1 years$208,925$207,064$205,248$203,476$201,746$195,995
2 years$103,428$101,502$99,635$97,825$96,069$90,320
3 years$68,267$66,333$64,471$62,677$60,950$55,383
4 years$50,690$48,762$46,918$45,156$43,470$38,127
5 years$40,147$38,230$36,410$34,684$33,045$27,942
6 years$33,120$31,217$29,425$27,737$26,148$21,288
7 years$28,103$26,216$24,452$22,804$21,265$16,649
8 years$24,342$22,472$20,737$19,130$17,641$13,267
9 years$21,418$19,566$17,861$16,294$14,857$10,719
10 years$19,080$17,247$15,572$14,046$12,659$8,752
11 years$17,169$15,354$13,709$12,224$10,887$7,206
12 years$15,577$13,781$12,167$10,722$9,434$5,971
13 years$14,232$12,454$10,870$9,466$8,227$4,974
14 years$13,079$11,320$9,767$8,403$7,212$4,161
15 years$12,081$10,341$8,818$7,494$6,350$3,493
16 years$11,209$9,488$7,995$6,710$5,612$2,941
17 years$10,440$8,738$7,275$6,029$4,976$2,482
18 years$9,757$8,074$6,641$5,433$4,424$2,098
19 years$9,147$7,483$6,080$4,909$3,943$1,777
20 years$8,599$6,954$5,580$4,446$3,522$1,507
21 years$8,103$6,477$5,132$4,035$3,152$1,280
22 years$7,653$6,046$4,730$3,669$2,825$1,088
23 years$7,243$5,655$4,367$3,342$2,536$925
24 years$6,868$5,298$4,039$3,048$2,280$788
25 years$6,523$4,972$3,741$2,783$2,051$671
26 years$6,205$4,673$3,470$2,545$1,848$572
27 years$5,911$4,398$3,222$2,329$1,666$488
28 years$5,639$4,144$2,995$2,134$1,503$416
29 years$5,386$3,909$2,787$1,957$1,357$355
30 years$5,150$3,692$2,596$1,796$1,226$303
31 years$4,930$3,490$2,420$1,650$1,109$258
32 years$4,724$3,302$2,258$1,516$1,003$221
33 years$4,531$3,127$2,109$1,394$908$188
34 years$4,350$2,964$1,970$1,283$822$161
35 years$4,179$2,811$1,842$1,181$744$137
36 years$4,018$2,668$1,723$1,088$674$117
37 years$3,867$2,534$1,613$1,002$611$100
38 years$3,723$2,409$1,510$924$554$86
39 years$3,587$2,290$1,415$852$503$73
40 years$3,459$2,179$1,326$785$456$63
41 years$3,337$2,074$1,244$725$414$53
42 years$3,221$1,975$1,167$669$375$46
43 years$3,111$1,882$1,095$617$341$39
44 years$3,006$1,794$1,027$570$309$33
45 years$2,906$1,711$965$526$281$28
46 years$2,811$1,632$906$486$255$24
47 years$2,720$1,558$851$449$231$21
48 years$2,633$1,487$800$415$210$18
49 years$2,550$1,420$752$384$191$15
50 years$2,470$1,356$707$355$173$13

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 $2,762 every year, while hoping to spend $53,602 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: 68/23/9 Blend
69$2,530,000$2,530,000$2,530,000$2,530,000
70$2,790,909$2,656,819$2,617,604$2,975,644
71$3,018,550$2,729,971$2,648,262$3,171,739
72$3,267,613$2,804,911$2,678,150$3,379,388
73$3,540,228$2,881,670$2,707,186$3,605,050
74$3,838,738$2,960,279$2,735,284$3,850,481
75$4,165,724$3,040,767$2,762,351$4,117,614
76$4,524,029$3,123,166$2,788,291$4,408,577
77$4,916,784$3,207,505$2,813,002$4,725,713
78$5,347,435$3,293,812$2,836,377$5,071,605
79$5,819,781$3,382,116$2,858,303$5,449,093
80$6,338,004$3,472,445$2,878,661$5,861,309
81$6,906,710$3,564,825$2,897,326$6,311,698
82$7,530,975$3,659,282$2,914,167$6,804,058
83$8,216,388$3,755,840$2,929,045$7,342,570
84$8,969,106$3,854,523$2,941,815$7,931,843
85$9,795,914$3,955,353$2,952,324$8,576,948
86$10,704,282$4,058,350$2,960,412$9,283,477
87$11,702,443$4,163,533$2,965,910$10,057,588
88$12,799,465$4,270,920$2,968,641$10,906,063
89$14,005,340$4,380,525$2,968,421$11,836,376
90$15,331,075$4,492,360$2,965,053$12,856,760
91$16,788,797$4,606,438$2,958,334$13,976,288
92$18,391,865$4,722,764$2,948,049$15,204,952
93$20,155,000$4,841,345$2,933,974$16,553,764
94$22,094,421$4,962,182$2,915,873$18,034,857
95$24,227,997$5,085,274$2,893,500$19,661,597
96$26,575,416$5,210,615$2,866,595$21,448,713
97$29,158,371$5,338,197$2,834,888$23,412,435
98$32,000,763$5,468,007$2,798,095$25,570,644
99$35,128,929$5,600,028$2,755,919$27,943,043
100$38,571,886$5,734,236$2,708,049$30,551,343