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

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 $2,570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$212,228$210,338$208,493$206,693$204,935$201,873
2 years$105,063$103,107$101,210$99,372$97,588$94,510
3 years$69,347$67,381$65,490$63,668$61,914$58,915
4 years$51,492$49,532$47,660$45,870$44,158$41,262
5 years$40,781$38,834$36,986$35,232$33,568$30,783
6 years$33,644$31,711$29,890$28,175$26,561$23,891
7 years$28,547$26,631$24,839$23,165$21,601$19,047
8 years$24,727$22,828$21,065$19,432$17,920$15,481
9 years$21,757$19,875$18,144$16,552$15,092$12,766
10 years$19,382$17,519$15,818$14,268$12,859$10,645
11 years$17,440$15,596$13,926$12,417$11,059$8,955
12 years$15,824$13,998$12,359$10,892$9,583$7,586
13 years$14,457$12,650$11,042$9,616$8,357$6,464
14 years$13,286$11,499$9,921$8,536$7,326$5,534
15 years$12,272$10,505$8,957$7,612$6,450$4,757
16 years$11,386$9,638$8,121$6,816$5,701$4,102
17 years$10,605$8,876$7,390$6,124$5,055$3,548
18 years$9,912$8,202$6,746$5,519$4,494$3,076
19 years$9,292$7,601$6,176$4,987$4,006$2,672
20 years$8,735$7,064$5,668$4,517$3,578$2,325
21 years$8,231$6,579$5,213$4,099$3,202$2,026
22 years$7,774$6,142$4,805$3,727$2,870$1,768
23 years$7,358$5,744$4,436$3,394$2,576$1,544
24 years$6,976$5,382$4,103$3,096$2,316$1,350
25 years$6,626$5,051$3,800$2,827$2,084$1,182
26 years$6,303$4,747$3,524$2,585$1,877$1,035
27 years$6,005$4,467$3,273$2,366$1,692$907
28 years$5,728$4,209$3,042$2,168$1,527$795
29 years$5,471$3,971$2,831$1,988$1,379$697
30 years$5,231$3,750$2,637$1,825$1,246$612
31 years$5,008$3,545$2,459$1,676$1,126$537
32 years$4,799$3,355$2,294$1,540$1,019$472
33 years$4,602$3,177$2,142$1,416$922$415
34 years$4,418$3,011$2,001$1,303$835$364
35 years$4,245$2,856$1,871$1,199$756$320
36 years$4,082$2,711$1,750$1,105$685$281
37 years$3,928$2,574$1,638$1,018$621$247
38 years$3,782$2,447$1,534$938$563$218
39 years$3,644$2,327$1,437$865$510$191
40 years$3,514$2,213$1,347$798$463$168
41 years$3,390$2,107$1,263$736$420$148
42 years$3,272$2,007$1,185$679$381$130
43 years$3,160$1,912$1,112$627$346$115
44 years$3,054$1,822$1,044$579$314$101
45 years$2,952$1,738$980$535$285$89
46 years$2,855$1,658$920$494$259$78
47 years$2,763$1,582$865$456$235$69
48 years$2,674$1,510$813$422$213$60
49 years$2,590$1,442$764$390$194$53
50 years$2,509$1,378$718$360$176$47

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 $6,106 every year, while hoping to spend $37,831 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: 48/47/5 Blend
69$2,570,000$2,570,000$2,570,000$2,570,000
70$2,838,438$2,702,228$2,662,393$2,970,815
71$3,087,707$2,794,386$2,711,332$3,154,063
72$3,361,133$2,889,791$2,760,641$3,348,373
73$3,661,141$2,988,563$2,810,295$3,558,425
74$3,990,401$3,090,826$2,860,263$3,785,691
75$4,351,854$3,196,708$2,910,514$4,031,787
76$4,748,739$3,306,343$2,961,012$4,298,492
77$5,184,626$3,419,869$3,011,722$4,587,760
78$5,663,446$3,537,431$3,062,603$4,901,740
79$6,189,531$3,659,178$3,113,613$5,242,795
80$6,767,651$3,785,266$3,164,707$5,613,522
81$7,403,063$3,915,856$3,215,837$6,016,780
82$8,101,558$4,051,116$3,266,950$6,455,712
83$8,869,517$4,191,220$3,317,992$6,933,776
84$9,713,967$4,336,349$3,368,905$7,454,776
85$10,642,654$4,486,693$3,419,625$8,022,899
86$11,664,110$4,642,445$3,470,088$8,642,751
87$12,787,735$4,803,811$3,520,222$9,319,401
88$14,023,887$4,971,001$3,569,952$10,058,429
89$15,383,979$5,144,235$3,619,201$10,865,976
90$16,880,584$5,323,742$3,667,883$11,748,801
91$18,527,557$5,509,759$3,715,911$12,714,346
92$20,340,164$5,702,533$3,763,190$13,770,803
93$22,335,225$5,902,321$3,809,621$14,927,190
94$24,531,273$6,109,391$3,855,099$16,193,438
95$26,948,731$6,324,019$3,899,512$17,580,481
96$29,610,100$6,546,495$3,942,745$19,100,356
97$32,540,176$6,777,118$3,984,673$20,766,323
98$35,766,280$7,016,203$4,025,165$22,592,981
99$39,318,517$7,264,074$4,064,085$24,596,407
100$43,230,061$7,521,068$4,101,286$26,794,308