Can I retire at age 70 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$217,183$215,248$213,361$211,519$209,720$202,198
2 years$107,516$105,514$103,573$101,692$99,867$92,370
3 years$70,966$68,955$67,019$65,155$63,359$56,124
4 years$52,694$50,689$48,773$46,940$45,189$38,269
5 years$41,734$39,741$37,849$36,055$34,352$27,766
6 years$34,429$32,451$30,588$28,833$27,181$20,935
7 years$29,214$27,253$25,419$23,705$22,106$16,197
8 years$25,304$23,360$21,557$19,886$18,339$12,762
9 years$22,265$20,339$18,567$16,938$15,444$10,192
10 years$19,835$17,928$16,187$14,601$13,159$8,224
11 years$17,848$15,960$14,251$12,707$11,317$6,688
12 years$16,193$14,325$12,647$11,146$9,807$5,472
13 years$14,794$12,946$11,300$9,840$8,552$4,500
14 years$13,596$11,767$10,153$8,735$7,497$3,715
15 years$12,559$10,750$9,167$7,790$6,601$3,077
16 years$11,652$9,863$8,311$6,975$5,834$2,555
17 years$10,853$9,083$7,563$6,267$5,173$2,127
18 years$10,143$8,393$6,904$5,648$4,599$1,773
19 years$9,509$7,779$6,320$5,103$4,099$1,480
20 years$8,939$7,228$5,800$4,622$3,662$1,237
21 years$8,423$6,733$5,335$4,195$3,277$1,035
22 years$7,956$6,285$4,917$3,814$2,937$867
23 years$7,529$5,878$4,540$3,474$2,637$727
24 years$7,139$5,508$4,199$3,168$2,370$609
25 years$6,781$5,169$3,889$2,893$2,132$511
26 years$6,450$4,858$3,607$2,645$1,921$429
27 years$6,145$4,572$3,349$2,421$1,732$360
28 years$5,862$4,308$3,113$2,219$1,563$302
29 years$5,599$4,064$2,897$2,035$1,411$254
30 years$5,354$3,838$2,699$1,867$1,275$213
31 years$5,125$3,628$2,516$1,715$1,153$179
32 years$4,911$3,433$2,347$1,576$1,043$151
33 years$4,710$3,251$2,192$1,449$944$127
34 years$4,521$3,081$2,048$1,333$854$106
35 years$4,344$2,922$1,915$1,227$774$90
36 years$4,177$2,774$1,791$1,130$701$75
37 years$4,019$2,635$1,676$1,042$635$63
38 years$3,870$2,504$1,570$960$576$53
39 years$3,729$2,381$1,471$885$522$45
40 years$3,596$2,265$1,379$816$474$38
41 years$3,469$2,156$1,293$753$430$32
42 years$3,348$2,054$1,213$695$390$27
43 years$3,234$1,957$1,138$642$354$22
44 years$3,125$1,865$1,068$593$321$19
45 years$3,021$1,778$1,003$547$292$16
46 years$2,922$1,697$942$506$265$13
47 years$2,827$1,619$885$467$241$11
48 years$2,737$1,546$832$432$218$9
49 years$2,650$1,476$782$399$198$8
50 years$2,568$1,410$735$369$180$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,630,000, adding $3,569 every year, while hoping to spend $54,743 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: 63/23/14 Blend
69$2,630,000$2,630,000$2,630,000$2,630,000
70$2,901,941$2,762,551$2,721,786$3,074,743
71$3,139,693$2,839,670$2,754,720$3,268,144
72$3,399,861$2,918,733$2,786,922$3,472,650
73$3,684,674$2,999,778$2,818,311$3,694,631
74$3,996,585$3,082,841$2,848,799$3,935,787
75$4,338,297$3,167,961$2,878,294$4,197,990
76$4,712,787$3,255,175$2,906,701$4,483,302
77$5,123,332$3,344,520$2,933,916$4,793,994
78$5,573,544$3,436,032$2,959,834$5,132,564
79$6,067,396$3,529,750$2,984,340$5,501,766
80$6,609,271$3,625,707$3,007,315$5,904,632
81$7,203,991$3,723,942$3,028,635$6,344,503
82$7,856,871$3,824,487$3,048,167$6,825,057
83$8,573,764$3,927,379$3,065,772$7,350,346
84$9,361,118$4,032,651$3,081,306$7,924,834
85$10,226,036$4,140,335$3,094,614$8,553,439
86$11,176,344$4,250,463$3,105,535$9,241,578
87$12,220,661$4,363,066$3,113,901$9,995,218
88$13,368,485$4,478,173$3,119,533$10,820,935
89$14,630,278$4,595,811$3,122,245$11,725,972
90$16,017,568$4,716,008$3,121,842$12,718,311
91$17,543,055$4,838,786$3,118,118$13,806,744
92$19,220,729$4,964,170$3,110,858$15,000,960
93$21,066,006$5,092,177$3,099,835$16,311,635
94$23,095,873$5,222,828$3,084,813$17,750,529
95$25,329,041$5,356,135$3,065,543$19,330,604
96$27,786,130$5,492,113$3,041,766$21,066,140
97$30,489,858$5,630,770$3,013,208$22,972,871
98$33,465,258$5,772,111$2,979,584$25,068,138
99$36,739,909$5,916,139$2,940,595$27,371,046
100$40,344,202$6,062,853$2,895,928$29,902,648