Can I retire at age 70 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$215,531$213,612$211,738$209,910$208,125$203,673
2 years$106,699$104,712$102,786$100,918$99,107$94,644
3 years$70,426$68,430$66,509$64,659$62,878$58,542
4 years$52,293$50,303$48,402$46,583$44,845$40,670
5 years$41,416$39,438$37,562$35,781$34,090$30,089
6 years$34,167$32,204$30,355$28,614$26,975$23,150
7 years$28,992$27,045$25,225$23,525$21,938$18,291
8 years$25,112$23,183$21,393$19,735$18,199$14,729
9 years$22,095$20,185$18,426$16,810$15,326$12,030
10 years$19,684$17,792$16,064$14,490$13,059$9,934
11 years$17,712$15,839$14,143$12,611$11,231$8,273
12 years$16,070$14,216$12,551$11,061$9,733$6,937
13 years$14,682$12,847$11,214$9,765$8,487$5,849
14 years$13,493$11,678$10,076$8,669$7,440$4,953
15 years$12,463$10,668$9,097$7,731$6,550$4,211
16 years$11,563$9,788$8,248$6,922$5,789$3,591
17 years$10,770$9,014$7,505$6,220$5,133$3,070
18 years$10,066$8,329$6,851$5,605$4,564$2,631
19 years$9,436$7,720$6,272$5,065$4,068$2,258
20 years$8,871$7,173$5,756$4,587$3,634$1,942
21 years$8,359$6,682$5,294$4,163$3,252$1,672
22 years$7,895$6,237$4,880$3,785$2,915$1,441
23 years$7,472$5,834$4,505$3,447$2,617$1,243
24 years$7,085$5,466$4,167$3,144$2,352$1,073
25 years$6,729$5,129$3,859$2,871$2,116$927
26 years$6,401$4,821$3,579$2,625$1,906$802
27 years$6,098$4,537$3,324$2,403$1,719$694
28 years$5,817$4,275$3,090$2,202$1,551$600
29 years$5,556$4,033$2,875$2,019$1,400$520
30 years$5,313$3,809$2,678$1,853$1,265$450
31 years$5,086$3,600$2,497$1,702$1,144$390
32 years$4,873$3,407$2,330$1,564$1,035$338
33 years$4,674$3,226$2,175$1,438$936$293
34 years$4,487$3,058$2,032$1,323$848$254
35 years$4,311$2,900$1,900$1,218$768$220
36 years$4,145$2,753$1,778$1,122$696$191
37 years$3,989$2,615$1,664$1,034$631$166
38 years$3,841$2,485$1,558$953$572$144
39 years$3,701$2,363$1,460$879$518$125
40 years$3,568$2,248$1,368$810$470$108
41 years$3,442$2,140$1,283$748$427$94
42 years$3,323$2,038$1,203$690$387$81
43 years$3,209$1,942$1,129$637$351$71
44 years$3,101$1,851$1,060$588$319$61
45 years$2,998$1,765$995$543$290$53
46 years$2,900$1,684$935$502$263$46
47 years$2,806$1,607$878$463$239$40
48 years$2,716$1,534$825$428$217$35
49 years$2,630$1,465$776$396$197$30
50 years$2,548$1,399$729$366$179$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,610,000, adding $2,261 every year, while hoping to spend $28,584 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: 59/23/18 Blend
69$2,610,000$2,610,000$2,610,000$2,610,000
70$2,878,552$2,740,222$2,699,767$3,034,767
71$3,141,751$2,844,080$2,759,796$3,244,656
72$3,430,839$2,952,069$2,820,878$3,470,107
73$3,748,425$3,064,361$2,883,018$3,715,324
74$4,097,386$3,181,136$2,946,221$3,982,223
75$4,480,889$3,302,581$3,010,489$4,272,907
76$4,902,425$3,428,893$3,075,826$4,589,695
77$5,365,839$3,560,275$3,142,233$4,935,137
78$5,875,367$3,696,942$3,209,710$5,312,038
79$6,435,677$3,839,114$3,278,258$5,723,486
80$7,051,911$3,987,025$3,347,874$6,172,881
81$7,729,734$4,140,918$3,418,556$6,663,965
82$8,475,388$4,301,044$3,490,299$7,200,856
83$9,295,752$4,467,670$3,563,098$7,788,089
84$10,198,403$4,641,070$3,636,947$8,430,656
85$11,191,691$4,821,533$3,711,835$9,134,055
86$12,284,815$5,009,360$3,787,753$9,904,337
87$13,487,912$5,204,864$3,864,689$10,748,167
88$14,812,152$5,408,375$3,942,628$11,672,883
89$16,269,841$5,620,235$4,021,556$12,686,567
90$17,874,540$5,840,802$4,101,453$13,798,120
91$19,641,191$6,070,449$4,182,300$15,017,342
92$21,586,259$6,309,568$4,264,074$16,355,029
93$23,727,887$6,558,566$4,346,750$17,823,071
94$26,086,066$6,817,870$4,430,300$19,434,563
95$28,682,823$7,087,925$4,514,694$21,203,930
96$31,542,433$7,369,195$4,599,898$23,147,061
97$34,691,644$7,662,168$4,685,877$25,281,456
98$38,159,928$7,967,351$4,772,590$27,626,393
99$41,979,763$8,285,274$4,859,995$30,203,111
100$46,186,939$8,616,492$4,948,045$33,035,002