Can I retire at age 70 with 2,660,000?

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 $2,660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$219,660$217,704$215,795$213,932$212,112$203,938
2 years$108,743$106,717$104,755$102,852$101,006$92,868
3 years$71,775$69,741$67,783$65,898$64,082$56,237
4 years$53,295$51,267$49,329$47,476$45,704$38,211
5 years$42,210$40,194$38,281$36,466$34,743$27,622
6 years$34,822$32,821$30,937$29,162$27,491$20,746
7 years$29,547$27,563$25,709$23,976$22,358$15,986
8 years$25,593$23,627$21,803$20,113$18,548$12,544
9 years$22,519$20,571$18,779$17,132$15,620$9,975
10 years$20,061$18,133$16,372$14,768$13,309$8,013
11 years$18,051$16,143$14,414$12,852$11,446$6,487
12 years$16,378$14,489$12,792$11,273$9,919$5,283
13 years$14,963$13,094$11,429$9,952$8,650$4,324
14 years$13,751$11,902$10,269$8,835$7,582$3,552
15 years$12,702$10,872$9,271$7,879$6,676$2,927
16 years$11,785$9,975$8,406$7,055$5,900$2,419
17 years$10,976$9,187$7,649$6,339$5,232$2,002
18 years$10,259$8,489$6,982$5,712$4,652$1,661
19 years$9,617$7,868$6,392$5,162$4,146$1,379
20 years$9,040$7,311$5,866$4,675$3,703$1,147
21 years$8,519$6,810$5,396$4,243$3,314$954
22 years$8,046$6,357$4,973$3,858$2,971$795
23 years$7,615$5,945$4,592$3,513$2,667$662
24 years$7,220$5,570$4,247$3,204$2,397$552
25 years$6,858$5,227$3,933$2,926$2,157$461
26 years$6,524$4,913$3,648$2,676$1,943$385
27 years$6,215$4,624$3,387$2,449$1,752$321
28 years$5,929$4,357$3,149$2,244$1,580$268
29 years$5,662$4,110$2,930$2,058$1,427$224
30 years$5,415$3,882$2,730$1,888$1,289$187
31 years$5,183$3,669$2,545$1,734$1,166$156
32 years$4,967$3,472$2,374$1,594$1,055$131
33 years$4,764$3,288$2,217$1,466$954$109
34 years$4,573$3,116$2,071$1,349$864$91
35 years$4,394$2,956$1,937$1,242$783$76
36 years$4,225$2,806$1,812$1,143$709$64
37 years$4,065$2,665$1,696$1,053$643$53
38 years$3,914$2,532$1,588$971$583$45
39 years$3,772$2,408$1,488$895$528$37
40 years$3,637$2,291$1,394$826$479$31
41 years$3,508$2,181$1,307$762$435$26
42 years$3,387$2,077$1,226$703$395$22
43 years$3,271$1,979$1,151$649$358$18
44 years$3,160$1,886$1,080$599$325$15
45 years$3,055$1,799$1,014$554$295$13
46 years$2,955$1,716$953$511$268$11
47 years$2,860$1,638$895$472$243$9
48 years$2,768$1,563$841$436$221$7
49 years$2,681$1,493$791$403$201$6
50 years$2,597$1,426$743$373$182$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,660,000, adding $4,850 every year, while hoping to spend $47,067 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: 54/30/16 Blend
69$2,660,000$2,660,000$2,660,000$2,660,000
70$2,936,323$2,795,343$2,754,113$3,082,086
71$3,185,749$2,882,236$2,796,297$3,268,973
72$3,459,039$2,971,809$2,838,316$3,466,858
73$3,758,577$3,064,144$2,880,116$3,681,200
74$4,086,990$3,159,325$2,921,638$3,913,577
75$4,447,170$3,257,438$2,962,820$4,165,729
76$4,842,302$3,358,574$3,003,595$4,439,569
77$5,275,895$3,462,823$3,043,894$4,737,201
78$5,751,815$3,570,280$3,083,643$5,060,944
79$6,274,319$3,681,042$3,122,764$5,413,348
80$6,848,096$3,795,210$3,161,173$5,797,224
81$7,478,314$3,912,887$3,198,784$6,215,663
82$8,170,662$4,034,179$3,235,504$6,672,070
83$8,931,412$4,159,195$3,271,235$7,170,194
84$9,767,468$4,288,048$3,305,874$7,714,165
85$10,686,442$4,420,855$3,339,313$8,308,529
86$11,696,716$4,557,734$3,371,437$8,958,293
87$12,807,526$4,698,807$3,402,125$9,668,973
88$14,029,048$4,844,203$3,431,250$10,446,643
89$15,372,492$4,994,050$3,458,678$11,297,993
90$16,850,210$5,148,483$3,484,268$12,230,393
91$18,475,812$5,307,639$3,507,872$13,251,959
92$20,264,293$5,471,661$3,529,333$14,371,635
93$22,232,172$5,640,694$3,548,487$15,599,270
94$24,397,655$5,814,889$3,565,163$16,945,717
95$26,780,797$5,994,400$3,579,177$18,422,928
96$29,403,699$6,179,387$3,590,340$20,044,076
97$32,290,712$6,370,012$3,598,452$21,823,668
98$35,468,667$6,566,445$3,603,303$23,777,691
99$38,967,129$6,768,859$3,604,672$25,923,755
100$42,818,675$6,977,432$3,602,327$28,281,266