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%17.8%
1 years$215,531$213,612$211,738$209,910$208,125$201,544
2 years$106,699$104,712$102,786$100,918$99,107$92,536
3 years$70,426$68,430$66,509$64,659$62,878$56,523
4 years$52,293$50,303$48,402$46,583$44,845$38,756
5 years$41,416$39,438$37,562$35,781$34,090$28,283
6 years$34,167$32,204$30,355$28,614$26,975$21,453
7 years$28,992$27,045$25,225$23,525$21,938$16,702
8 years$25,112$23,183$21,393$19,735$18,199$13,247
9 years$22,095$20,185$18,426$16,810$15,326$10,651
10 years$19,684$17,792$16,064$14,490$13,059$8,653
11 years$17,712$15,839$14,143$12,611$11,231$7,087
12 years$16,070$14,216$12,551$11,061$9,733$5,842
13 years$14,682$12,847$11,214$9,765$8,487$4,840
14 years$13,493$11,678$10,076$8,669$7,440$4,027
15 years$12,463$10,668$9,097$7,731$6,550$3,361
16 years$11,563$9,788$8,248$6,922$5,789$2,814
17 years$10,770$9,014$7,505$6,220$5,133$2,360
18 years$10,066$8,329$6,851$5,605$4,564$1,984
19 years$9,436$7,720$6,272$5,065$4,068$1,670
20 years$8,871$7,173$5,756$4,587$3,634$1,408
21 years$8,359$6,682$5,294$4,163$3,252$1,188
22 years$7,895$6,237$4,880$3,785$2,915$1,004
23 years$7,472$5,834$4,505$3,447$2,617$848
24 years$7,085$5,466$4,167$3,144$2,352$718
25 years$6,729$5,129$3,859$2,871$2,116$607
26 years$6,401$4,821$3,579$2,625$1,906$514
27 years$6,098$4,537$3,324$2,403$1,719$436
28 years$5,817$4,275$3,090$2,202$1,551$369
29 years$5,556$4,033$2,875$2,019$1,400$313
30 years$5,313$3,809$2,678$1,853$1,265$265
31 years$5,086$3,600$2,497$1,702$1,144$225
32 years$4,873$3,407$2,330$1,564$1,035$191
33 years$4,674$3,226$2,175$1,438$936$162
34 years$4,487$3,058$2,032$1,323$848$137
35 years$4,311$2,900$1,900$1,218$768$116
36 years$4,145$2,753$1,778$1,122$696$99
37 years$3,989$2,615$1,664$1,034$631$84
38 years$3,841$2,485$1,558$953$572$71
39 years$3,701$2,363$1,460$879$518$60
40 years$3,568$2,248$1,368$810$470$51
41 years$3,442$2,140$1,283$748$427$43
42 years$3,323$2,038$1,203$690$387$37
43 years$3,209$1,942$1,129$637$351$31
44 years$3,101$1,851$1,060$588$319$27
45 years$2,998$1,765$995$543$290$23
46 years$2,900$1,684$935$502$263$19
47 years$2,806$1,607$878$463$239$16
48 years$2,716$1,534$825$428$217$14
49 years$2,630$1,465$776$396$197$12
50 years$2,548$1,399$729$366$179$10

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 $5,161 every year, while hoping to spend $39,884 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: 58/23/19 Blend
69$2,610,000$2,610,000$2,610,000$2,610,000
70$2,881,544$2,743,214$2,702,759$3,033,941
71$3,133,025$2,835,195$2,750,865$3,229,984
72$3,408,820$2,930,346$2,799,246$3,438,822
73$3,711,368$3,028,781$2,847,869$3,665,601
74$4,043,353$3,130,618$2,896,698$3,912,061
75$4,407,734$3,235,977$2,945,696$4,180,112
76$4,807,769$3,344,985$2,994,822$4,471,862
77$5,247,046$3,457,774$3,044,034$4,789,626
78$5,729,519$3,574,479$3,093,283$5,135,955
79$6,259,543$3,695,242$3,142,521$5,513,658
80$6,841,917$3,820,209$3,191,696$5,925,827
81$7,481,925$3,949,533$3,240,751$6,375,865
82$8,185,392$4,083,370$3,289,627$6,867,521
83$8,958,732$4,221,885$3,338,260$7,404,923
84$9,809,014$4,365,248$3,386,582$7,992,616
85$10,744,023$4,513,636$3,434,523$8,635,606
86$11,772,340$4,667,231$3,482,006$9,339,405
87$12,903,417$4,826,223$3,528,951$10,110,086
88$14,147,668$4,990,810$3,575,273$10,954,336
89$15,516,568$5,161,198$3,620,883$11,879,522
90$17,022,759$5,337,598$3,665,684$12,893,756
91$18,680,173$5,520,232$3,709,576$14,005,976
92$20,504,157$5,709,330$3,752,453$15,226,028
93$22,511,623$5,905,129$3,794,203$16,564,756
94$24,721,206$6,107,878$3,834,706$18,034,107
95$27,153,439$6,317,834$3,873,838$19,647,242
96$29,830,946$6,535,264$3,911,468$21,418,662
97$32,778,655$6,760,445$3,947,455$23,364,339
98$36,024,037$6,993,666$3,981,654$25,501,872
99$39,597,360$7,235,227$4,013,911$27,850,650
100$43,531,976$7,485,438$4,044,062$30,432,033