Can I retire at age 70 with 2,680,000?

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 $2,680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$221,312$219,341$217,417$215,540$213,707$209,478
2 years$109,560$107,520$105,542$103,625$101,765$97,522
3 years$72,315$70,265$68,293$66,394$64,564$60,440
4 years$53,696$51,653$49,700$47,833$46,048$42,073
5 years$42,527$40,496$38,569$36,740$35,005$31,192
6 years$35,084$33,068$31,170$29,381$27,698$24,051
7 years$29,769$27,771$25,902$24,156$22,526$19,046
8 years$25,785$23,805$21,967$20,264$18,687$15,373
9 years$22,688$20,726$18,920$17,260$15,737$12,586
10 years$20,212$18,269$16,495$14,879$13,409$10,418
11 years$18,187$16,264$14,522$12,949$11,532$8,698
12 years$16,501$14,598$12,888$11,358$9,994$7,313
13 years$15,075$13,192$11,514$10,027$8,715$6,182
14 years$13,855$11,991$10,346$8,901$7,639$5,250
15 years$12,797$10,954$9,341$7,938$6,726$4,475
16 years$11,873$10,050$8,469$7,108$5,945$3,827
17 years$11,059$9,256$7,706$6,386$5,271$3,282
18 years$10,336$8,553$7,035$5,755$4,687$2,820
19 years$9,689$7,927$6,440$5,200$4,177$2,428
20 years$9,108$7,366$5,910$4,710$3,731$2,094
21 years$8,584$6,861$5,436$4,275$3,339$1,808
22 years$8,107$6,404$5,011$3,887$2,993$1,563
23 years$7,672$5,990$4,626$3,540$2,687$1,353
24 years$7,275$5,612$4,279$3,228$2,415$1,172
25 years$6,909$5,267$3,963$2,948$2,173$1,016
26 years$6,573$4,950$3,675$2,696$1,957$881
27 years$6,262$4,658$3,413$2,468$1,765$765
28 years$5,973$4,390$3,173$2,261$1,592$664
29 years$5,705$4,141$2,952$2,073$1,438$577
30 years$5,455$3,911$2,750$1,903$1,299$501
31 years$5,222$3,697$2,564$1,747$1,175$436
32 years$5,004$3,498$2,392$1,606$1,062$379
33 years$4,799$3,313$2,234$1,477$962$330
34 years$4,607$3,140$2,087$1,359$871$287
35 years$4,427$2,978$1,951$1,251$789$249
36 years$4,256$2,827$1,825$1,152$714$217
37 years$4,096$2,685$1,708$1,061$648$189
38 years$3,944$2,551$1,600$978$587$164
39 years$3,800$2,426$1,499$902$532$143
40 years$3,664$2,308$1,405$832$483$125
41 years$3,535$2,197$1,317$768$438$108
42 years$3,412$2,093$1,236$708$397$94
43 years$3,295$1,994$1,160$654$361$82
44 years$3,184$1,900$1,088$604$327$72
45 years$3,078$1,812$1,022$558$297$62
46 years$2,977$1,729$960$515$270$54
47 years$2,881$1,650$902$476$245$47
48 years$2,789$1,575$847$440$223$41
49 years$2,701$1,504$797$406$202$36
50 years$2,617$1,437$749$376$184$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,680,000, adding $2,695 every year, while hoping to spend $35,729 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: 61/18/21 Blend
69$2,680,000$2,680,000$2,680,000$2,680,000
70$2,956,140$2,814,100$2,772,560$3,120,060
71$3,219,651$2,913,975$2,827,425$3,331,149
72$3,508,842$3,017,547$2,882,931$3,557,246
73$3,826,296$3,124,959$2,939,061$3,803,205
74$4,174,856$3,236,360$2,995,798$4,070,962
75$4,557,655$3,351,905$3,053,120$4,362,648
76$4,978,144$3,471,756$3,111,008$4,680,608
77$5,440,124$3,596,082$3,169,436$5,027,426
78$5,947,784$3,725,057$3,228,380$5,405,944
79$6,505,737$3,858,864$3,287,810$5,819,291
80$7,119,067$3,997,693$3,347,696$6,270,915
81$7,793,373$4,141,742$3,408,005$6,764,609
82$8,534,826$4,291,216$3,468,702$7,304,553
83$9,350,223$4,446,330$3,529,748$7,895,348
84$10,247,052$4,607,307$3,591,101$8,542,062
85$11,233,567$4,774,380$3,652,718$9,250,276
86$12,318,857$4,947,791$3,714,550$10,026,137
87$13,512,939$5,127,792$3,776,547$10,876,416
88$14,826,852$5,314,646$3,838,654$11,808,569
89$16,272,754$5,508,627$3,900,813$12,830,810
90$17,864,046$5,710,021$3,962,961$13,952,187
91$19,615,491$5,919,124$4,025,032$15,182,666
92$21,543,357$6,136,247$4,086,957$16,533,227
93$23,665,568$6,361,712$4,148,658$18,015,963
94$26,001,876$6,595,856$4,210,058$19,644,197
95$28,574,043$6,839,028$4,271,071$21,432,608
96$31,406,050$7,091,596$4,331,607$23,397,365
97$34,524,322$7,353,939$4,391,571$25,556,283
98$37,957,976$7,626,455$4,450,861$27,928,988
99$41,739,096$7,909,558$4,509,371$30,537,102
100$45,903,037$8,203,679$4,566,988$33,404,450