Can I retire at age 70 with 2,540,000?

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 $2,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$209,751$207,882$206,060$204,280$202,543$200,846
2 years$103,837$101,903$100,029$98,212$96,449$94,739
3 years$68,537$66,595$64,725$62,925$61,191$59,521
4 years$50,891$48,954$47,103$45,334$43,642$42,024
5 years$40,305$38,381$36,554$34,821$33,176$31,615
6 years$33,251$31,341$29,541$27,847$26,251$24,749
7 years$28,214$26,320$24,549$22,894$21,349$19,907
8 years$24,438$22,561$20,819$19,205$17,711$16,329
9 years$21,503$19,643$17,932$16,359$14,915$13,593
10 years$19,156$17,315$15,633$14,101$12,709$11,445
11 years$17,237$15,414$13,763$12,272$10,930$9,724
12 years$15,639$13,835$12,215$10,765$9,472$8,322
13 years$14,288$12,503$10,913$9,503$8,259$7,166
14 years$13,131$11,365$9,805$8,436$7,240$6,200
15 years$12,129$10,382$8,853$7,524$6,375$5,388
16 years$11,253$9,525$8,026$6,737$5,634$4,698
17 years$10,481$8,772$7,304$6,053$4,996$4,109
18 years$9,796$8,106$6,667$5,455$4,442$3,603
19 years$9,183$7,513$6,104$4,929$3,959$3,166
20 years$8,633$6,981$5,602$4,464$3,536$2,787
21 years$8,135$6,503$5,152$4,051$3,165$2,458
22 years$7,683$6,070$4,749$3,684$2,837$2,171
23 years$7,272$5,677$4,385$3,355$2,546$1,920
24 years$6,895$5,319$4,055$3,060$2,289$1,700
25 years$6,549$4,992$3,756$2,794$2,059$1,506
26 years$6,229$4,691$3,483$2,555$1,855$1,336
27 years$5,934$4,415$3,235$2,339$1,673$1,186
28 years$5,661$4,160$3,007$2,143$1,509$1,053
29 years$5,407$3,925$2,798$1,965$1,363$936
30 years$5,170$3,707$2,606$1,803$1,231$832
31 years$4,949$3,504$2,430$1,656$1,113$740
32 years$4,743$3,315$2,267$1,522$1,007$659
33 years$4,549$3,140$2,117$1,400$911$587
34 years$4,367$2,976$1,978$1,288$825$522
35 years$4,195$2,822$1,849$1,185$747$465
36 years$4,034$2,679$1,730$1,092$677$415
37 years$3,882$2,544$1,619$1,006$614$369
38 years$3,738$2,418$1,516$927$556$329
39 years$3,602$2,299$1,421$855$505$294
40 years$3,473$2,188$1,331$789$458$262
41 years$3,350$2,082$1,248$728$415$234
42 years$3,234$1,983$1,171$671$377$208
43 years$3,123$1,890$1,099$620$342$186
44 years$3,018$1,801$1,032$572$310$166
45 years$2,918$1,718$969$529$282$148
46 years$2,822$1,639$910$488$256$132
47 years$2,731$1,564$855$451$232$118
48 years$2,643$1,493$803$417$211$105
49 years$2,560$1,425$755$385$192$94
50 years$2,480$1,362$710$356$174$84

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,540,000, adding $4,972 every year, while hoping to spend $48,547 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: 46/49/5 Blend
69$2,540,000$2,540,000$2,540,000$2,540,000
70$2,804,209$2,669,589$2,630,219$2,929,249
71$3,038,584$2,748,745$2,666,677$3,094,752
72$3,295,239$2,830,153$2,702,730$3,268,681
73$3,576,394$2,913,871$2,738,313$3,456,197
74$3,884,496$2,999,960$2,773,356$3,658,568
75$4,222,239$3,088,482$2,807,787$3,877,186
76$4,592,589$3,179,500$2,841,530$4,113,586
77$4,998,816$3,273,078$2,874,503$4,369,451
78$5,444,517$3,369,280$2,906,621$4,646,638
79$5,933,658$3,468,176$2,937,794$4,947,184
80$6,470,606$3,569,832$2,967,925$5,273,334
81$7,060,172$3,674,318$2,996,915$5,627,558
82$7,707,656$3,781,705$3,024,657$6,012,573
83$8,418,893$3,892,065$3,051,040$6,431,369
84$9,200,317$4,005,472$3,075,946$6,887,240
85$10,059,010$4,122,002$3,099,251$7,383,807
86$11,002,778$4,241,729$3,120,825$7,925,060
87$12,040,220$4,364,732$3,140,531$8,515,391
88$13,180,809$4,491,090$3,158,225$9,159,636
89$14,434,980$4,620,883$3,173,755$9,863,118
90$15,814,234$4,754,192$3,186,961$10,631,700
91$17,331,239$4,891,100$3,197,677$11,471,839
92$18,999,952$5,031,691$3,205,727$12,390,644
93$20,835,754$5,176,050$3,210,925$13,395,946
94$22,855,588$5,324,264$3,213,078$14,496,369
95$25,078,124$5,476,419$3,211,983$15,701,411
96$27,523,935$5,632,606$3,207,426$17,021,535
97$30,215,685$5,792,912$3,199,183$18,468,267
98$33,178,349$5,957,429$3,187,020$20,054,300
99$36,439,446$6,126,248$3,170,691$21,793,619
100$40,029,297$6,299,462$3,149,937$23,701,630