Can I retire at age 70 with 2,580,000?

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 $2,580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$213,054$211,156$209,305$207,497$205,733$202,158
2 years$105,472$103,508$101,604$99,758$97,968$94,378
3 years$69,616$67,644$65,745$63,916$62,155$58,662
4 years$51,692$49,725$47,845$46,048$44,329$40,960
5 years$40,940$38,985$37,130$35,369$33,699$30,462
6 years$33,775$31,834$30,006$28,285$26,664$23,565
7 years$28,658$26,734$24,936$23,255$21,685$18,724
8 years$24,823$22,916$21,147$19,508$17,990$15,166
9 years$21,841$19,953$18,214$16,616$15,150$12,461
10 years$19,457$17,587$15,880$14,323$12,909$10,353
11 years$17,508$15,657$13,980$12,466$11,102$8,677
12 years$15,885$14,053$12,407$10,934$9,621$7,322
13 years$14,513$12,700$11,085$9,653$8,389$6,215
14 years$13,338$11,544$9,960$8,569$7,354$5,299
15 years$12,320$10,545$8,992$7,642$6,475$4,536
16 years$11,430$9,675$8,153$6,843$5,723$3,896
17 years$10,646$8,910$7,419$6,148$5,074$3,355
18 years$9,950$8,234$6,772$5,541$4,512$2,896
19 years$9,328$7,631$6,200$5,006$4,021$2,504
20 years$8,769$7,091$5,690$4,534$3,592$2,169
21 years$8,263$6,605$5,234$4,115$3,214$1,882
22 years$7,804$6,166$4,824$3,742$2,881$1,634
23 years$7,386$5,766$4,454$3,408$2,586$1,421
24 years$7,003$5,403$4,119$3,108$2,325$1,237
25 years$6,652$5,070$3,815$2,838$2,092$1,077
26 years$6,328$4,765$3,538$2,595$1,884$939
27 years$6,028$4,485$3,285$2,375$1,699$819
28 years$5,750$4,226$3,054$2,176$1,533$715
29 years$5,492$3,987$2,842$1,996$1,384$624
30 years$5,252$3,765$2,647$1,832$1,251$545
31 years$5,027$3,559$2,468$1,682$1,131$476
32 years$4,817$3,368$2,303$1,546$1,023$416
33 years$4,620$3,189$2,150$1,422$926$363
34 years$4,436$3,023$2,009$1,308$838$318
35 years$4,262$2,867$1,878$1,204$759$278
36 years$4,098$2,721$1,757$1,109$688$243
37 years$3,943$2,584$1,645$1,022$623$213
38 years$3,797$2,456$1,540$942$565$186
39 years$3,658$2,336$1,443$868$512$163
40 years$3,527$2,222$1,352$801$465$142
41 years$3,403$2,115$1,268$739$422$125
42 years$3,285$2,014$1,190$682$383$109
43 years$3,172$1,919$1,116$630$347$95
44 years$3,065$1,830$1,048$581$315$84
45 years$2,963$1,745$984$537$286$73
46 years$2,866$1,664$924$496$260$64
47 years$2,774$1,588$868$458$236$56
48 years$2,685$1,516$816$423$214$49
49 years$2,600$1,448$767$391$195$43
50 years$2,519$1,383$721$362$177$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,580,000, adding $4,279 every year, while hoping to spend $24,804 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: 55/20/25 Blend
69$2,580,000$2,580,000$2,580,000$2,580,000
70$2,847,574$2,710,834$2,670,844$2,984,399
71$3,111,635$2,817,273$2,733,926$3,185,364
72$3,401,799$2,928,097$2,798,290$3,401,175
73$3,720,703$3,043,494$2,863,952$3,635,702
74$4,071,250$3,163,660$2,930,930$3,890,751
75$4,456,640$3,288,803$2,999,239$4,168,308
76$4,880,399$3,419,136$3,068,896$4,470,560
77$5,346,411$3,554,885$3,139,915$4,799,911
78$5,858,955$3,696,284$3,212,312$5,159,009
79$6,422,745$3,843,579$3,286,101$5,550,767
80$7,042,977$3,997,025$3,361,297$5,978,390
81$7,725,373$4,156,892$3,437,913$6,445,408
82$8,476,239$4,323,459$3,515,961$6,955,704
83$9,302,525$4,497,018$3,595,456$7,513,555
84$10,211,886$4,677,875$3,676,407$8,123,668
85$11,212,758$4,866,350$3,758,826$8,791,225
86$12,314,435$5,062,777$3,842,722$9,521,934
87$13,527,159$5,267,505$3,928,105$10,322,078
88$14,862,216$5,480,899$4,014,984$11,198,575
89$16,332,041$5,703,342$4,103,364$12,159,043
90$17,950,334$5,935,231$4,193,252$13,211,874
91$19,732,195$6,176,984$4,284,653$14,366,307
92$21,694,260$6,429,037$4,377,569$15,632,517
93$23,854,861$6,691,846$4,472,004$17,021,713
94$26,234,198$6,965,888$4,567,958$18,546,237
95$28,854,532$7,251,662$4,665,430$20,219,687
96$31,740,389$7,549,689$4,764,417$22,057,037
97$34,918,799$7,860,514$4,864,915$24,074,783
98$38,419,545$8,184,707$4,966,918$26,291,094
99$42,275,446$8,522,865$5,070,417$28,725,985
100$46,522,667$8,875,612$5,175,403$31,401,505