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

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$217,183$215,248$213,361$211,519$209,720$203,007
2 years$107,516$105,514$103,573$101,692$99,867$93,165
3 years$70,966$68,955$67,019$65,155$63,359$56,880
4 years$52,694$50,689$48,773$46,940$45,189$38,981
5 years$41,734$39,741$37,849$36,055$34,352$28,432
6 years$34,429$32,451$30,588$28,833$27,181$21,555
7 years$29,214$27,253$25,419$23,705$22,106$16,772
8 years$25,304$23,360$21,557$19,886$18,339$13,294
9 years$22,265$20,339$18,567$16,938$15,444$10,682
10 years$19,835$17,928$16,187$14,601$13,159$8,673
11 years$17,848$15,960$14,251$12,707$11,317$7,099
12 years$16,193$14,325$12,647$11,146$9,807$5,848
13 years$14,794$12,946$11,300$9,840$8,552$4,842
14 years$13,596$11,767$10,153$8,735$7,497$4,025
15 years$12,559$10,750$9,167$7,790$6,601$3,358
16 years$11,652$9,863$8,311$6,975$5,834$2,808
17 years$10,853$9,083$7,563$6,267$5,173$2,354
18 years$10,143$8,393$6,904$5,648$4,599$1,978
19 years$9,509$7,779$6,320$5,103$4,099$1,664
20 years$8,939$7,228$5,800$4,622$3,662$1,401
21 years$8,423$6,733$5,335$4,195$3,277$1,182
22 years$7,956$6,285$4,917$3,814$2,937$997
23 years$7,529$5,878$4,540$3,474$2,637$842
24 years$7,139$5,508$4,199$3,168$2,370$712
25 years$6,781$5,169$3,889$2,893$2,132$602
26 years$6,450$4,858$3,607$2,645$1,921$509
27 years$6,145$4,572$3,349$2,421$1,732$431
28 years$5,862$4,308$3,113$2,219$1,563$365
29 years$5,599$4,064$2,897$2,035$1,411$309
30 years$5,354$3,838$2,699$1,867$1,275$262
31 years$5,125$3,628$2,516$1,715$1,153$222
32 years$4,911$3,433$2,347$1,576$1,043$188
33 years$4,710$3,251$2,192$1,449$944$159
34 years$4,521$3,081$2,048$1,333$854$135
35 years$4,344$2,922$1,915$1,227$774$114
36 years$4,177$2,774$1,791$1,130$701$97
37 years$4,019$2,635$1,676$1,042$635$82
38 years$3,870$2,504$1,570$960$576$70
39 years$3,729$2,381$1,471$885$522$59
40 years$3,596$2,265$1,379$816$474$50
41 years$3,469$2,156$1,293$753$430$43
42 years$3,348$2,054$1,213$695$390$36
43 years$3,234$1,957$1,138$642$354$31
44 years$3,125$1,865$1,068$593$321$26
45 years$3,021$1,778$1,003$547$292$22
46 years$2,922$1,697$942$506$265$19
47 years$2,827$1,619$885$467$241$16
48 years$2,737$1,546$832$432$218$13
49 years$2,650$1,476$782$399$198$11
50 years$2,568$1,410$735$369$180$10

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 $3,839 every year, while hoping to spend $32,928 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: 63/14/23 Blend
69$2,630,000$2,630,000$2,630,000$2,630,000
70$2,902,220$2,762,830$2,722,065$3,067,381
71$3,163,211$2,863,173$2,778,219$3,279,735
72$3,449,720$2,967,330$2,835,151$3,507,563
73$3,764,314$3,075,452$2,892,851$3,755,657
74$4,109,823$3,187,698$2,951,310$4,026,003
75$4,489,362$3,304,233$3,010,516$4,320,786
76$4,906,366$3,425,228$3,070,457$4,642,410
77$5,364,614$3,550,864$3,131,117$4,993,525
78$5,868,275$3,681,326$3,192,479$5,377,047
79$6,421,938$3,816,810$3,254,526$5,796,188
80$7,030,660$3,957,518$3,317,237$6,254,482
81$7,700,013$4,103,662$3,380,590$6,755,823
82$8,436,134$4,255,462$3,444,560$7,304,501
83$9,245,788$4,413,148$3,509,121$7,905,238
84$10,136,426$4,576,959$3,574,244$8,563,236
85$11,116,257$4,747,146$3,639,897$9,284,223
86$12,194,327$4,923,968$3,706,045$10,074,510
87$13,380,603$5,107,697$3,772,652$10,941,048
88$14,686,066$5,298,615$3,839,677$11,891,492
89$16,122,817$5,497,020$3,907,079$12,934,277
90$17,704,187$5,703,217$3,974,809$14,078,694
91$19,444,868$5,917,528$4,042,819$15,334,976
92$21,361,047$6,140,289$4,111,055$16,714,398
93$23,470,559$6,371,848$4,179,461$18,229,382
94$25,793,057$6,612,571$4,247,974$19,893,611
95$28,350,198$6,862,836$4,316,531$21,722,159
96$31,165,845$7,123,041$4,385,061$23,731,637
97$34,266,291$7,393,600$4,453,490$25,940,342
98$37,680,511$7,674,945$4,521,741$28,368,434
99$41,440,431$7,967,526$4,589,727$31,038,127
100$45,581,234$8,271,813$4,657,362$33,973,893