Can I retire at age 70 with 2,600,000?

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 $2,600,000?

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$214,706$212,793$210,927$209,106$207,328$205,591
2 years$106,290$104,310$102,392$100,532$98,727$96,977
3 years$70,156$68,168$66,254$64,412$62,637$60,927
4 years$52,093$50,111$48,216$46,405$44,673$43,017
5 years$41,257$39,287$37,418$35,643$33,960$32,362
6 years$34,036$32,081$30,239$28,504$26,871$25,334
7 years$28,880$26,942$25,129$23,435$21,853$20,378
8 years$25,015$23,094$21,311$19,659$18,130$16,715
9 years$22,011$20,107$18,355$16,745$15,268$13,914
10 years$19,608$17,724$16,003$14,434$13,009$11,715
11 years$17,644$15,778$14,088$12,562$11,188$9,954
12 years$16,008$14,162$12,503$11,019$9,695$8,519
13 years$14,625$12,798$11,171$9,728$8,455$7,335
14 years$13,441$11,633$10,037$8,635$7,411$6,347
15 years$12,415$10,627$9,062$7,701$6,525$5,515
16 years$11,519$9,750$8,216$6,896$5,767$4,809
17 years$10,729$8,980$7,476$6,196$5,114$4,206
18 years$10,027$8,298$6,825$5,584$4,547$3,688
19 years$9,400$7,690$6,248$5,045$4,053$3,241
20 years$8,837$7,146$5,734$4,569$3,620$2,853
21 years$8,327$6,656$5,274$4,147$3,239$2,516
22 years$7,865$6,213$4,861$3,771$2,904$2,223
23 years$7,443$5,811$4,488$3,434$2,606$1,965
24 years$7,058$5,445$4,151$3,132$2,343$1,740
25 years$6,703$5,110$3,845$2,860$2,108$1,542
26 years$6,377$4,802$3,566$2,615$1,899$1,368
27 years$6,075$4,519$3,311$2,394$1,712$1,214
28 years$5,795$4,259$3,078$2,193$1,545$1,078
29 years$5,535$4,018$2,864$2,011$1,395$958
30 years$5,292$3,794$2,668$1,846$1,260$852
31 years$5,066$3,587$2,487$1,695$1,140$758
32 years$4,855$3,394$2,321$1,558$1,031$674
33 years$4,656$3,214$2,167$1,433$933$600
34 years$4,470$3,046$2,025$1,318$845$535
35 years$4,295$2,889$1,893$1,213$765$476
36 years$4,129$2,742$1,771$1,118$693$424
37 years$3,974$2,604$1,657$1,030$628$378
38 years$3,826$2,475$1,552$949$570$337
39 years$3,687$2,354$1,454$875$516$301
40 years$3,555$2,239$1,363$807$468$268
41 years$3,429$2,132$1,278$745$425$239
42 years$3,310$2,030$1,199$687$386$213
43 years$3,197$1,934$1,125$634$350$190
44 years$3,089$1,844$1,056$586$318$170
45 years$2,986$1,758$991$541$288$151
46 years$2,889$1,677$931$500$262$135
47 years$2,795$1,601$875$462$238$121
48 years$2,706$1,528$822$427$216$108
49 years$2,620$1,459$773$394$196$96
50 years$2,539$1,394$726$364$178$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,600,000, adding $2,084 every year, while hoping to spend $28,274 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: 39/41/20 Blend
69$2,600,000$2,600,000$2,600,000$2,600,000
70$2,867,350$2,729,550$2,689,250$2,962,006
71$3,129,736$2,833,214$2,749,256$3,133,909
72$3,417,938$2,941,011$2,810,325$3,316,821
73$3,734,559$3,053,112$2,872,463$3,514,021
74$4,082,468$3,169,698$2,935,674$3,726,820
75$4,464,823$3,290,956$2,999,962$3,956,658
76$4,885,105$3,417,084$3,065,331$4,205,117
77$5,347,150$3,548,285$3,131,784$4,473,932
78$5,855,182$3,684,773$3,199,321$4,765,012
79$6,413,855$3,826,772$3,267,943$5,080,454
80$7,028,299$3,974,514$3,337,650$5,422,561
81$7,704,164$4,128,244$3,408,439$5,793,867
82$8,447,674$4,288,213$3,480,308$6,197,155
83$9,265,689$4,454,688$3,553,251$6,635,487
84$10,165,768$4,627,946$3,627,263$7,112,229
85$11,156,236$4,808,275$3,702,336$7,631,082
86$12,246,269$4,995,977$3,778,461$8,196,118
87$13,445,976$5,191,368$3,855,627$8,811,814
88$14,766,497$5,394,777$3,933,822$9,483,098
89$16,220,105$5,606,547$4,013,031$10,215,390
90$17,820,326$5,827,037$4,093,237$11,014,652
91$19,582,061$6,056,624$4,174,422$11,887,448
92$21,521,730$6,295,698$4,256,565$12,840,999
93$23,657,429$6,544,669$4,339,642$13,883,252
94$26,009,094$6,803,965$4,423,627$15,022,956
95$28,598,694$7,074,032$4,508,491$16,269,738
96$31,450,440$7,355,338$4,594,204$17,634,198
97$34,591,005$7,648,371$4,680,731$19,128,002
98$38,049,786$7,953,639$4,768,034$20,763,997
99$41,859,173$8,271,676$4,856,072$22,556,323
100$46,054,860$8,603,039$4,944,801$24,520,552