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%13.9%
1 years$217,183$215,248$213,361$211,519$209,720$206,331
2 years$107,516$105,514$103,573$101,692$99,867$96,461
3 years$70,966$68,955$67,019$65,155$63,359$60,044
4 years$52,694$50,689$48,773$46,940$45,189$41,989
5 years$41,734$39,741$37,849$36,055$34,352$31,276
6 years$34,429$32,451$30,588$28,833$27,181$24,234
7 years$29,214$27,253$25,419$23,705$22,106$19,288
8 years$25,304$23,360$21,557$19,886$18,339$15,650
9 years$22,265$20,339$18,567$16,938$15,444$12,882
10 years$19,835$17,928$16,187$14,601$13,159$10,722
11 years$17,848$15,960$14,251$12,707$11,317$9,003
12 years$16,193$14,325$12,647$11,146$9,807$7,613
13 years$14,794$12,946$11,300$9,840$8,552$6,474
14 years$13,596$11,767$10,153$8,735$7,497$5,531
15 years$12,559$10,750$9,167$7,790$6,601$4,745
16 years$11,652$9,863$8,311$6,975$5,834$4,083
17 years$10,853$9,083$7,563$6,267$5,173$3,524
18 years$10,143$8,393$6,904$5,648$4,599$3,048
19 years$9,509$7,779$6,320$5,103$4,099$2,642
20 years$8,939$7,228$5,800$4,622$3,662$2,294
21 years$8,423$6,733$5,335$4,195$3,277$1,994
22 years$7,956$6,285$4,917$3,814$2,937$1,736
23 years$7,529$5,878$4,540$3,474$2,637$1,513
24 years$7,139$5,508$4,199$3,168$2,370$1,320
25 years$6,781$5,169$3,889$2,893$2,132$1,152
26 years$6,450$4,858$3,607$2,645$1,921$1,007
27 years$6,145$4,572$3,349$2,421$1,732$880
28 years$5,862$4,308$3,113$2,219$1,563$770
29 years$5,599$4,064$2,897$2,035$1,411$674
30 years$5,354$3,838$2,699$1,867$1,275$590
31 years$5,125$3,628$2,516$1,715$1,153$517
32 years$4,911$3,433$2,347$1,576$1,043$452
33 years$4,710$3,251$2,192$1,449$944$397
34 years$4,521$3,081$2,048$1,333$854$348
35 years$4,344$2,922$1,915$1,227$774$305
36 years$4,177$2,774$1,791$1,130$701$267
37 years$4,019$2,635$1,676$1,042$635$234
38 years$3,870$2,504$1,570$960$576$205
39 years$3,729$2,381$1,471$885$522$180
40 years$3,596$2,265$1,379$816$474$158
41 years$3,469$2,156$1,293$753$430$139
42 years$3,348$2,054$1,213$695$390$122
43 years$3,234$1,957$1,138$642$354$107
44 years$3,125$1,865$1,068$593$321$94
45 years$3,021$1,778$1,003$547$292$82
46 years$2,922$1,697$942$506$265$72
47 years$2,827$1,619$885$467$241$63
48 years$2,737$1,546$832$432$218$56
49 years$2,650$1,476$782$399$198$49
50 years$2,568$1,410$735$369$180$43

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 $2,298 every year, while hoping to spend $53,297 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: 72/5/23 Blend
69$2,630,000$2,630,000$2,630,000$2,630,000
70$2,900,630$2,761,240$2,720,475$3,092,776
71$3,139,787$2,839,834$2,754,904$3,299,777
72$3,401,551$2,920,492$2,788,699$3,519,884
73$3,688,173$3,003,259$2,821,784$3,759,661
74$4,002,130$3,088,182$2,854,077$4,021,056
75$4,346,150$3,175,305$2,885,491$4,306,216
76$4,723,237$3,264,675$2,915,935$4,617,506
77$5,136,702$3,356,339$2,945,313$4,957,530
78$5,590,188$3,450,342$2,973,524$5,329,161
79$6,087,711$3,546,732$3,000,460$5,735,559
80$6,633,691$3,645,556$3,026,010$6,180,210
81$7,233,000$3,746,861$3,050,054$6,666,952
82$7,891,003$3,850,694$3,072,467$7,200,015
83$8,613,609$3,957,102$3,093,119$7,784,060
84$9,407,330$4,066,133$3,111,871$8,424,222
85$10,279,337$4,177,832$3,128,578$9,126,161
86$11,237,531$4,292,248$3,143,087$9,896,111
87$12,290,616$4,409,425$3,155,238$10,740,943
88$13,448,183$4,529,410$3,164,862$11,668,229
89$14,720,794$4,652,248$3,171,781$12,686,310
90$16,120,090$4,777,984$3,175,811$13,804,381
91$17,658,894$4,906,660$3,176,756$15,032,573
92$19,351,335$5,038,320$3,174,411$16,382,049
93$21,212,979$5,173,005$3,168,561$17,865,111
94$23,260,976$5,310,755$3,158,981$19,495,318
95$25,514,223$5,451,610$3,145,434$21,287,607
96$27,993,542$5,595,607$3,127,674$23,258,442
97$30,721,872$5,742,781$3,105,440$25,425,967
98$33,724,491$5,893,165$3,078,461$27,810,174
99$37,029,251$6,046,792$3,046,451$30,433,096
100$40,666,839$6,203,689$3,009,111$33,319,013