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%18.9%
1 years$208,925$207,064$205,248$203,476$201,746$194,510
2 years$103,428$101,502$99,635$97,825$96,069$88,858
3 years$68,267$66,333$64,471$62,677$60,950$53,990
4 years$50,690$48,762$46,918$45,156$43,470$36,814
5 years$40,147$38,230$36,410$34,684$33,045$26,710
6 years$33,120$31,217$29,425$27,737$26,148$20,139
7 years$28,103$26,216$24,452$22,804$21,265$15,581
8 years$24,342$22,472$20,737$19,130$17,641$12,277
9 years$21,418$19,566$17,861$16,294$14,857$9,805
10 years$19,080$17,247$15,572$14,046$12,659$7,911
11 years$17,169$15,354$13,709$12,224$10,887$6,433
12 years$15,577$13,781$12,167$10,722$9,434$5,264
13 years$14,232$12,454$10,870$9,466$8,227$4,329
14 years$13,079$11,320$9,767$8,403$7,212$3,574
15 years$12,081$10,341$8,818$7,494$6,350$2,960
16 years$11,209$9,488$7,995$6,710$5,612$2,458
17 years$10,440$8,738$7,275$6,029$4,976$2,046
18 years$9,757$8,074$6,641$5,433$4,424$1,705
19 years$9,147$7,483$6,080$4,909$3,943$1,424
20 years$8,599$6,954$5,580$4,446$3,522$1,190
21 years$8,103$6,477$5,132$4,035$3,152$996
22 years$7,653$6,046$4,730$3,669$2,825$834
23 years$7,243$5,655$4,367$3,342$2,536$699
24 years$6,868$5,298$4,039$3,048$2,280$586
25 years$6,523$4,972$3,741$2,783$2,051$492
26 years$6,205$4,673$3,470$2,545$1,848$413
27 years$5,911$4,398$3,222$2,329$1,666$346
28 years$5,639$4,144$2,995$2,134$1,503$291
29 years$5,386$3,909$2,787$1,957$1,357$244
30 years$5,150$3,692$2,596$1,796$1,226$205
31 years$4,930$3,490$2,420$1,650$1,109$173
32 years$4,724$3,302$2,258$1,516$1,003$145
33 years$4,531$3,127$2,109$1,394$908$122
34 years$4,350$2,964$1,970$1,283$822$102
35 years$4,179$2,811$1,842$1,181$744$86
36 years$4,018$2,668$1,723$1,088$674$72
37 years$3,867$2,534$1,613$1,002$611$61
38 years$3,723$2,409$1,510$924$554$51
39 years$3,587$2,290$1,415$852$503$43
40 years$3,459$2,179$1,326$785$456$36
41 years$3,337$2,074$1,244$725$414$30
42 years$3,221$1,975$1,167$669$375$26
43 years$3,111$1,882$1,095$617$341$22
44 years$3,006$1,794$1,027$570$309$18
45 years$2,906$1,711$965$526$281$15
46 years$2,811$1,632$906$486$255$13
47 years$2,720$1,558$851$449$231$11
48 years$2,633$1,487$800$415$210$9
49 years$2,550$1,420$752$384$191$8
50 years$2,470$1,356$707$355$173$6

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 $4,041 every year, while hoping to spend $48,163 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: 66/10/24 Blend
69$2,530,000$2,530,000$2,530,000$2,530,000
70$2,792,228$2,658,138$2,618,923$2,958,945
71$3,025,791$2,737,142$2,655,412$3,150,606
72$3,281,562$2,818,403$2,691,509$3,354,240
73$3,561,757$2,901,980$2,727,150$3,575,773
74$3,868,814$2,987,935$2,762,268$3,816,967
75$4,205,420$3,076,331$2,796,791$4,079,765
76$4,574,532$3,167,230$2,830,642$4,366,306
77$4,979,408$3,260,698$2,863,743$4,678,947
78$5,423,637$3,356,802$2,896,008$5,020,284
79$5,911,172$3,455,610$2,927,348$5,393,178
80$6,446,367$3,557,190$2,957,670$5,800,779
81$7,034,018$3,661,614$2,986,873$6,246,558
82$7,679,408$3,768,953$3,014,854$6,734,340
83$8,388,358$3,879,281$3,041,501$7,268,338
84$9,167,278$3,992,674$3,066,699$7,853,195
85$10,023,232$4,109,206$3,090,325$8,494,026
86$10,964,002$4,228,958$3,112,251$9,196,467
87$11,998,159$4,352,006$3,132,341$9,966,728
88$13,135,150$4,478,432$3,150,452$10,811,651
89$14,385,378$4,608,319$3,166,436$11,738,777
90$15,760,309$4,741,749$3,180,134$12,756,412
91$17,272,573$4,878,807$3,191,381$13,873,712
92$18,936,086$5,019,579$3,200,003$15,100,765
93$20,766,182$5,164,153$3,205,817$16,448,687
94$22,779,753$5,312,618$3,208,633$17,929,727
95$24,995,415$5,465,063$3,208,249$19,557,382
96$27,433,676$5,621,580$3,204,454$21,346,528
97$30,117,135$5,782,261$3,197,027$23,313,556
98$33,070,691$5,947,200$3,185,736$25,476,528
99$36,321,780$6,116,492$3,170,337$27,855,349
100$39,900,634$6,290,232$3,150,576$30,471,953