Can I retire at age 70 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$220,486$218,522$216,606$214,736$212,910$207,763
2 years$109,152$107,119$105,149$103,238$101,385$96,231
3 years$72,045$70,003$68,038$66,146$64,323$59,322
4 years$53,495$51,460$49,514$47,654$45,876$41,067
5 years$42,368$40,345$38,425$36,603$34,874$30,270
6 years$34,953$32,945$31,053$29,272$27,595$23,201
7 years$29,658$27,667$25,805$24,066$22,442$18,259
8 years$25,689$23,716$21,885$20,188$18,618$14,644
9 years$22,603$20,649$18,850$17,196$15,679$11,910
10 years$20,136$18,201$16,433$14,823$13,359$9,792
11 years$18,119$16,203$14,468$12,901$11,489$8,119
12 years$16,439$14,543$12,840$11,316$9,956$6,776
13 years$15,019$13,143$11,471$9,990$8,682$5,687
14 years$13,803$11,946$10,307$8,868$7,611$4,793
15 years$12,750$10,913$9,306$7,909$6,701$4,055
16 years$11,829$10,013$8,437$7,081$5,922$3,441
17 years$11,018$9,221$7,678$6,362$5,251$2,927
18 years$10,297$8,521$7,009$5,734$4,669$2,495
19 years$9,653$7,897$6,416$5,181$4,162$2,131
20 years$9,074$7,338$5,888$4,692$3,717$1,822
21 years$8,552$6,835$5,416$4,259$3,327$1,560
22 years$8,077$6,381$4,992$3,872$2,982$1,338
23 years$7,644$5,968$4,609$3,526$2,677$1,148
24 years$7,248$5,591$4,263$3,216$2,406$986
25 years$6,884$5,247$3,948$2,937$2,165$847
26 years$6,548$4,931$3,662$2,686$1,950$728
27 years$6,238$4,641$3,400$2,458$1,758$626
28 years$5,951$4,373$3,161$2,252$1,586$539
29 years$5,684$4,126$2,941$2,065$1,432$464
30 years$5,435$3,896$2,740$1,896$1,294$400
31 years$5,203$3,683$2,554$1,741$1,170$344
32 years$4,985$3,485$2,383$1,600$1,059$297
33 years$4,782$3,300$2,225$1,471$958$256
34 years$4,590$3,128$2,079$1,354$867$220
35 years$4,410$2,967$1,944$1,246$786$190
36 years$4,241$2,816$1,818$1,148$712$164
37 years$4,080$2,675$1,702$1,057$645$141
38 years$3,929$2,542$1,594$975$585$122
39 years$3,786$2,417$1,493$899$530$105
40 years$3,650$2,300$1,400$829$481$91
41 years$3,522$2,189$1,312$765$436$78
42 years$3,399$2,085$1,231$706$396$67
43 years$3,283$1,986$1,155$652$359$58
44 years$3,172$1,893$1,084$602$326$50
45 years$3,067$1,806$1,018$556$296$43
46 years$2,966$1,722$956$513$269$37
47 years$2,870$1,644$898$474$244$32
48 years$2,779$1,569$844$438$222$28
49 years$2,691$1,498$794$405$201$24
50 years$2,607$1,431$746$374$183$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,670,000, adding $5,676 every year, while hoping to spend $43,084 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: 74/10/16 Blend
69$2,670,000$2,670,000$2,670,000$2,670,000
70$2,948,195$2,806,685$2,765,300$3,155,383
71$3,203,070$2,898,371$2,812,096$3,385,017
72$3,482,498$2,993,106$2,859,016$3,630,705
73$3,788,938$3,090,994$2,906,019$3,898,770
74$4,125,099$3,192,142$2,953,060$4,191,423
75$4,493,963$3,296,661$3,000,092$4,511,101
76$4,898,817$3,404,667$3,047,064$4,860,489
77$5,343,280$3,516,279$3,093,924$5,242,541
78$5,831,338$3,631,621$3,140,615$5,660,512
79$6,367,385$3,750,820$3,187,075$6,117,988
80$6,956,257$3,874,010$3,233,242$6,618,917
81$7,603,286$4,001,327$3,279,046$7,167,649
82$8,314,342$4,132,913$3,324,415$7,768,976
83$9,095,895$4,268,916$3,369,273$8,428,176
84$9,955,072$4,409,488$3,413,539$9,151,062
85$10,899,723$4,554,787$3,457,127$9,944,041
86$11,938,500$4,704,977$3,499,945$10,814,170
87$13,080,933$4,860,226$3,541,899$11,769,221
88$14,337,522$5,020,711$3,582,887$12,817,760
89$15,719,837$5,186,614$3,622,801$13,969,223
90$17,240,624$5,358,122$3,661,529$15,234,006
91$18,913,928$5,535,430$3,698,951$16,623,564
92$20,755,225$5,718,742$3,734,941$18,150,515
93$22,781,564$5,908,267$3,769,368$19,828,766
94$25,011,733$6,104,221$3,802,091$21,673,635
95$27,466,432$6,306,831$3,832,964$23,702,005
96$30,168,471$6,516,328$3,861,831$25,932,474
97$33,142,982$6,732,956$3,888,530$28,385,537
98$36,417,660$6,956,964$3,912,889$31,083,774
99$40,023,018$7,188,612$3,934,728$34,052,069
100$43,992,682$7,428,170$3,953,857$37,317,839