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%19.2%
1 years$217,183$215,248$213,361$211,519$209,720$201,958
2 years$107,516$105,514$103,573$101,692$99,867$92,134
3 years$70,966$68,955$67,019$65,155$63,359$55,900
4 years$52,694$50,689$48,773$46,940$45,189$38,058
5 years$41,734$39,741$37,849$36,055$34,352$27,570
6 years$34,429$32,451$30,588$28,833$27,181$20,752
7 years$29,214$27,253$25,419$23,705$22,106$16,028
8 years$25,304$23,360$21,557$19,886$18,339$12,607
9 years$22,265$20,339$18,567$16,938$15,444$10,050
10 years$19,835$17,928$16,187$14,601$13,159$8,093
11 years$17,848$15,960$14,251$12,707$11,317$6,569
12 years$16,193$14,325$12,647$11,146$9,807$5,364
13 years$14,794$12,946$11,300$9,840$8,552$4,402
14 years$13,596$11,767$10,153$8,735$7,497$3,627
15 years$12,559$10,750$9,167$7,790$6,601$2,997
16 years$11,652$9,863$8,311$6,975$5,834$2,484
17 years$10,853$9,083$7,563$6,267$5,173$2,062
18 years$10,143$8,393$6,904$5,648$4,599$1,715
19 years$9,509$7,779$6,320$5,103$4,099$1,429
20 years$8,939$7,228$5,800$4,622$3,662$1,192
21 years$8,423$6,733$5,335$4,195$3,277$995
22 years$7,956$6,285$4,917$3,814$2,937$831
23 years$7,529$5,878$4,540$3,474$2,637$695
24 years$7,139$5,508$4,199$3,168$2,370$581
25 years$6,781$5,169$3,889$2,893$2,132$486
26 years$6,450$4,858$3,607$2,645$1,921$407
27 years$6,145$4,572$3,349$2,421$1,732$341
28 years$5,862$4,308$3,113$2,219$1,563$286
29 years$5,599$4,064$2,897$2,035$1,411$239
30 years$5,354$3,838$2,699$1,867$1,275$201
31 years$5,125$3,628$2,516$1,715$1,153$168
32 years$4,911$3,433$2,347$1,576$1,043$141
33 years$4,710$3,251$2,192$1,449$944$118
34 years$4,521$3,081$2,048$1,333$854$99
35 years$4,344$2,922$1,915$1,227$774$83
36 years$4,177$2,774$1,791$1,130$701$70
37 years$4,019$2,635$1,676$1,042$635$58
38 years$3,870$2,504$1,570$960$576$49
39 years$3,729$2,381$1,471$885$522$41
40 years$3,596$2,265$1,379$816$474$35
41 years$3,469$2,156$1,293$753$430$29
42 years$3,348$2,054$1,213$695$390$24
43 years$3,234$1,957$1,138$642$354$20
44 years$3,125$1,865$1,068$593$321$17
45 years$3,021$1,778$1,003$547$292$14
46 years$2,922$1,697$942$506$265$12
47 years$2,827$1,619$885$467$241$10
48 years$2,737$1,546$832$432$218$8
49 years$2,650$1,476$782$399$198$7
50 years$2,568$1,410$735$369$180$6

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 $2,727 every year, while hoping to spend $39,452 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: 55/40/5 Blend
69$2,630,000$2,630,000$2,630,000$2,630,000
70$2,901,073$2,761,683$2,720,918$3,057,528
71$3,155,006$2,855,029$2,770,092$3,256,611
72$3,433,517$2,951,626$2,819,591$3,468,610
73$3,739,073$3,051,593$2,869,385$3,698,432
74$4,074,389$3,155,052$2,919,439$3,947,774
75$4,442,456$3,262,128$2,969,720$4,218,499
76$4,846,569$3,372,955$3,020,188$4,512,658
77$5,290,357$3,487,668$3,070,802$4,832,507
78$5,777,819$3,606,409$3,121,519$5,180,525
79$6,313,359$3,729,325$3,172,293$5,559,443
80$6,901,829$3,856,570$3,223,073$5,972,262
81$7,548,576$3,988,302$3,273,806$6,422,286
82$8,259,488$4,124,686$3,324,435$6,913,152
83$9,041,053$4,265,893$3,374,901$7,448,861
84$9,900,419$4,412,100$3,425,138$8,033,816
85$10,845,461$4,563,493$3,475,080$8,672,864
86$11,884,856$4,720,262$3,524,654$9,371,342
87$13,028,165$4,882,608$3,573,783$10,135,123
88$14,285,919$5,050,737$3,622,386$10,970,674
89$15,669,724$5,224,864$3,670,377$11,885,115
90$17,192,366$5,405,213$3,717,665$12,886,285
91$18,867,933$5,592,015$3,764,153$13,982,816
92$20,711,950$5,785,511$3,809,740$15,184,212
93$22,741,521$5,985,953$3,854,318$16,500,940
94$24,975,492$6,193,601$3,897,773$17,944,526
95$27,434,629$6,408,724$3,939,986$19,527,665
96$30,141,815$6,631,606$3,980,829$21,264,338
97$33,122,263$6,862,537$4,020,170$23,169,941
98$36,403,755$7,101,823$4,057,867$25,261,435
99$40,016,905$7,349,778$4,093,772$27,557,499
100$43,995,445$7,606,733$4,127,728$30,078,708