Can I retire at age 70 with 2,570,000?

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$212,228$210,338$208,493$206,693$204,935$201,956
2 years$105,063$103,107$101,210$99,372$97,588$94,593
3 years$69,347$67,381$65,490$63,668$61,914$58,996
4 years$51,492$49,532$47,660$45,870$44,158$41,339
5 years$40,781$38,834$36,986$35,232$33,568$30,857
6 years$33,644$31,711$29,890$28,175$26,561$23,961
7 years$28,547$26,631$24,839$23,165$21,601$19,113
8 years$24,727$22,828$21,065$19,432$17,920$15,544
9 years$21,757$19,875$18,144$16,552$15,092$12,825
10 years$19,382$17,519$15,818$14,268$12,859$10,701
11 years$17,440$15,596$13,926$12,417$11,059$9,008
12 years$15,824$13,998$12,359$10,892$9,583$7,636
13 years$14,457$12,650$11,042$9,616$8,357$6,511
14 years$13,286$11,499$9,921$8,536$7,326$5,578
15 years$12,272$10,505$8,957$7,612$6,450$4,798
16 years$11,386$9,638$8,121$6,816$5,701$4,141
17 years$10,605$8,876$7,390$6,124$5,055$3,583
18 years$9,912$8,202$6,746$5,519$4,494$3,109
19 years$9,292$7,601$6,176$4,987$4,006$2,702
20 years$8,735$7,064$5,668$4,517$3,578$2,353
21 years$8,231$6,579$5,213$4,099$3,202$2,052
22 years$7,774$6,142$4,805$3,727$2,870$1,792
23 years$7,358$5,744$4,436$3,394$2,576$1,567
24 years$6,976$5,382$4,103$3,096$2,316$1,371
25 years$6,626$5,051$3,800$2,827$2,084$1,201
26 years$6,303$4,747$3,524$2,585$1,877$1,052
27 years$6,005$4,467$3,273$2,366$1,692$923
28 years$5,728$4,209$3,042$2,168$1,527$810
29 years$5,471$3,971$2,831$1,988$1,379$711
30 years$5,231$3,750$2,637$1,825$1,246$625
31 years$5,008$3,545$2,459$1,676$1,126$549
32 years$4,799$3,355$2,294$1,540$1,019$482
33 years$4,602$3,177$2,142$1,416$922$424
34 years$4,418$3,011$2,001$1,303$835$373
35 years$4,245$2,856$1,871$1,199$756$328
36 years$4,082$2,711$1,750$1,105$685$289
37 years$3,928$2,574$1,638$1,018$621$254
38 years$3,782$2,447$1,534$938$563$224
39 years$3,644$2,327$1,437$865$510$197
40 years$3,514$2,213$1,347$798$463$173
41 years$3,390$2,107$1,263$736$420$152
42 years$3,272$2,007$1,185$679$381$134
43 years$3,160$1,912$1,112$627$346$118
44 years$3,054$1,822$1,044$579$314$104
45 years$2,952$1,738$980$535$285$92
46 years$2,855$1,658$920$494$259$81
47 years$2,763$1,582$865$456$235$71
48 years$2,674$1,510$813$422$213$63
49 years$2,590$1,442$764$390$194$55
50 years$2,509$1,378$718$360$176$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,570,000, adding $3,985 every year, while hoping to spend $21,259 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: 61/20/19 Blend
69$2,570,000$2,570,000$2,570,000$2,570,000
70$2,836,251$2,700,041$2,660,206$2,995,102
71$3,102,929$2,809,723$2,726,703$3,212,533
72$3,396,095$2,924,068$2,794,716$3,447,006
73$3,718,430$3,043,280$2,864,272$3,702,413
74$4,072,885$3,167,576$2,935,400$3,980,788
75$4,462,713$3,297,180$3,008,129$4,284,371
76$4,891,496$3,432,328$3,082,487$4,615,627
77$5,363,183$3,573,267$3,158,505$4,977,265
78$5,882,123$3,720,253$3,236,211$5,372,272
79$6,453,111$3,873,556$3,315,635$5,803,929
80$7,081,426$4,033,458$3,396,807$6,275,853
81$7,772,887$4,200,253$3,479,756$6,792,023
82$8,533,906$4,374,250$3,564,512$7,356,819
83$9,371,546$4,555,770$3,651,105$7,975,063
84$10,293,592$4,745,151$3,739,565$8,652,064
85$11,308,620$4,942,746$3,829,922$9,393,669
86$12,426,082$5,148,922$3,922,207$10,206,312
87$13,656,389$5,364,067$4,016,448$11,097,081
88$15,011,018$5,588,583$4,112,676$12,073,781
89$16,502,612$5,822,894$4,210,921$13,145,005
90$18,145,103$6,067,440$4,311,211$14,320,217
91$19,953,844$6,322,685$4,413,577$15,609,841
92$21,945,752$6,589,112$4,518,047$17,025,356
93$24,139,467$6,867,227$4,624,651$18,579,404
94$26,555,532$7,157,561$4,733,416$20,285,911
95$29,216,581$7,460,666$4,844,370$22,160,215
96$32,147,558$7,777,124$4,957,542$24,219,209
97$35,375,947$8,107,541$5,072,958$26,481,503
98$38,932,035$8,452,553$5,190,644$28,967,596
99$42,849,199$8,812,824$5,310,627$31,700,066
100$47,164,216$9,189,051$5,432,931$34,703,788