Can I retire at age 70 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$216,357$214,430$212,550$210,714$208,922$201,110
2 years$107,108$105,113$103,179$101,305$99,487$91,705
3 years$70,696$68,692$66,764$64,907$63,119$55,613
4 years$52,493$50,496$48,587$46,762$45,017$37,844
5 years$41,575$39,590$37,706$35,918$34,221$27,400
6 years$34,298$32,328$30,472$28,724$27,078$20,613
7 years$29,103$27,149$25,322$23,615$22,022$15,911
8 years$25,208$23,272$21,475$19,810$18,269$12,508
9 years$22,180$20,262$18,497$16,874$15,385$9,965
10 years$19,759$17,860$16,126$14,546$13,109$8,020
11 years$17,780$15,900$14,197$12,659$11,274$6,505
12 years$16,132$14,271$12,599$11,104$9,770$5,309
13 years$14,738$12,897$11,257$9,803$8,520$4,353
14 years$13,544$11,723$10,114$8,702$7,468$3,584
15 years$12,511$10,709$9,132$7,761$6,576$2,960
16 years$11,608$9,825$8,279$6,949$5,812$2,451
17 years$10,811$9,049$7,534$6,243$5,153$2,034
18 years$10,104$8,361$6,877$5,627$4,582$1,690
19 years$9,472$7,749$6,296$5,084$4,084$1,407
20 years$8,905$7,201$5,778$4,605$3,648$1,172
21 years$8,391$6,707$5,315$4,179$3,264$978
22 years$7,925$6,261$4,898$3,800$2,926$816
23 years$7,501$5,856$4,523$3,460$2,627$682
24 years$7,112$5,487$4,183$3,156$2,361$570
25 years$6,755$5,149$3,874$2,882$2,124$477
26 years$6,426$4,839$3,593$2,635$1,914$399
27 years$6,121$4,554$3,336$2,412$1,725$334
28 years$5,839$4,291$3,102$2,210$1,557$279
29 years$5,577$4,048$2,886$2,027$1,406$234
30 years$5,333$3,823$2,689$1,860$1,270$196
31 years$5,105$3,614$2,506$1,708$1,148$164
32 years$4,892$3,420$2,339$1,570$1,039$137
33 years$4,692$3,239$2,184$1,444$940$115
34 years$4,504$3,070$2,040$1,328$851$96
35 years$4,328$2,911$1,907$1,223$771$81
36 years$4,161$2,763$1,784$1,126$698$68
37 years$4,004$2,625$1,670$1,038$633$57
38 years$3,856$2,494$1,564$956$574$48
39 years$3,715$2,372$1,465$882$520$40
40 years$3,582$2,257$1,373$813$472$33
41 years$3,456$2,148$1,288$750$428$28
42 years$3,336$2,046$1,208$693$389$23
43 years$3,222$1,949$1,134$639$353$20
44 years$3,113$1,858$1,064$590$320$16
45 years$3,009$1,772$999$545$291$14
46 years$2,911$1,690$938$504$264$12
47 years$2,817$1,613$882$465$240$10
48 years$2,726$1,540$828$430$218$8
49 years$2,640$1,470$779$397$198$7
50 years$2,558$1,405$732$367$180$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,620,000, adding $4,678 every year, while hoping to spend $46,913 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: 38/50/12 Blend
69$2,620,000$2,620,000$2,620,000$2,620,000
70$2,892,065$2,753,205$2,712,595$2,991,229
71$3,137,141$2,838,197$2,753,552$3,147,197
72$3,405,642$2,925,782$2,794,309$3,310,733
73$3,699,908$3,016,036$2,834,809$3,486,430
74$4,022,517$3,109,039$2,874,993$3,675,403
75$4,376,305$3,204,874$2,914,797$3,878,873
76$4,764,401$3,303,625$2,954,155$4,098,188
77$5,190,246$3,405,379$2,992,995$4,334,825
78$5,657,633$3,510,225$3,031,243$4,590,411
79$6,170,740$3,618,255$3,068,818$4,866,733
80$6,734,169$3,729,563$3,105,637$5,165,757
81$7,352,990$3,844,246$3,141,611$5,489,647
82$8,032,786$3,962,405$3,176,646$5,840,782
83$8,779,709$4,084,142$3,210,643$6,221,780
84$9,600,537$4,209,563$3,243,498$6,635,522
85$10,502,737$4,338,777$3,275,100$7,085,177
86$11,494,534$4,471,895$3,305,333$7,574,235
87$12,584,991$4,609,032$3,334,076$8,106,536
88$13,784,091$4,750,306$3,361,199$8,686,307
89$15,102,836$4,895,838$3,386,567$9,318,202
90$16,553,345$5,045,754$3,410,037$10,007,344
91$18,148,972$5,200,182$3,431,458$10,759,373
92$19,904,429$5,359,252$3,450,674$11,580,500
93$21,835,926$5,523,101$3,467,517$12,477,565
94$23,961,326$5,691,869$3,481,815$13,458,098
95$26,300,308$5,865,697$3,493,382$14,530,393
96$28,874,556$6,044,733$3,502,027$15,703,585
97$31,707,963$6,229,127$3,507,547$16,987,732
98$34,826,856$6,419,035$3,509,731$18,393,914
99$38,260,244$6,614,616$3,508,355$19,934,335
100$42,040,091$6,816,034$3,503,187$21,622,439