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%19.9%
1 years$221,312$219,341$217,417$215,540$213,707$205,228
2 years$109,560$107,520$105,542$103,625$101,765$93,328
3 years$72,315$70,265$68,293$66,394$64,564$56,434
4 years$53,696$51,653$49,700$47,833$46,048$38,287
5 years$42,527$40,496$38,569$36,740$35,005$27,633
6 years$35,084$33,068$31,170$29,381$27,698$20,720
7 years$29,769$27,771$25,902$24,156$22,526$15,939
8 years$25,785$23,805$21,967$20,264$18,687$12,485
9 years$22,688$20,726$18,920$17,260$15,737$9,910
10 years$20,212$18,269$16,495$14,879$13,409$7,945
11 years$18,187$16,264$14,522$12,949$11,532$6,419
12 years$16,501$14,598$12,888$11,358$9,994$5,218
13 years$15,075$13,192$11,514$10,027$8,715$4,261
14 years$13,855$11,991$10,346$8,901$7,639$3,494
15 years$12,797$10,954$9,341$7,938$6,726$2,873
16 years$11,873$10,050$8,469$7,108$5,945$2,368
17 years$11,059$9,256$7,706$6,386$5,271$1,957
18 years$10,336$8,553$7,035$5,755$4,687$1,619
19 years$9,689$7,927$6,440$5,200$4,177$1,341
20 years$9,108$7,366$5,910$4,710$3,731$1,113
21 years$8,584$6,861$5,436$4,275$3,339$924
22 years$8,107$6,404$5,011$3,887$2,993$768
23 years$7,672$5,990$4,626$3,540$2,687$638
24 years$7,275$5,612$4,279$3,228$2,415$531
25 years$6,909$5,267$3,963$2,948$2,173$442
26 years$6,573$4,950$3,675$2,696$1,957$368
27 years$6,262$4,658$3,413$2,468$1,765$306
28 years$5,973$4,390$3,173$2,261$1,592$255
29 years$5,705$4,141$2,952$2,073$1,438$213
30 years$5,455$3,911$2,750$1,903$1,299$177
31 years$5,222$3,697$2,564$1,747$1,175$148
32 years$5,004$3,498$2,392$1,606$1,062$123
33 years$4,799$3,313$2,234$1,477$962$103
34 years$4,607$3,140$2,087$1,359$871$86
35 years$4,427$2,978$1,951$1,251$789$71
36 years$4,256$2,827$1,825$1,152$714$59
37 years$4,096$2,685$1,708$1,061$648$50
38 years$3,944$2,551$1,600$978$587$41
39 years$3,800$2,426$1,499$902$532$34
40 years$3,664$2,308$1,405$832$483$29
41 years$3,535$2,197$1,317$768$438$24
42 years$3,412$2,093$1,236$708$397$20
43 years$3,295$1,994$1,160$654$361$17
44 years$3,184$1,900$1,088$604$327$14
45 years$3,078$1,812$1,022$558$297$12
46 years$2,977$1,729$960$515$270$10
47 years$2,881$1,650$902$476$245$8
48 years$2,789$1,575$847$440$223$7
49 years$2,701$1,504$797$406$202$6
50 years$2,617$1,437$749$376$184$5

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 $6,844 every year, while hoping to spend $22,594 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: 56/31/13 Blend
69$2,680,000$2,680,000$2,680,000$2,680,000
70$2,960,420$2,818,380$2,776,840$3,115,984
71$3,238,343$2,932,440$2,845,824$3,336,240
72$3,543,856$3,051,333$2,916,362$3,572,976
73$3,879,752$3,175,270$2,988,482$3,830,317
74$4,249,102$3,304,474$3,062,212$4,110,234
75$4,655,296$3,439,178$3,137,581$4,414,899
76$5,102,064$3,579,626$3,214,618$4,746,696
77$5,593,517$3,726,071$3,293,351$5,108,251
78$6,134,188$3,878,780$3,373,809$5,502,448
79$6,729,065$4,038,030$3,456,023$5,932,464
80$7,383,650$4,204,114$3,540,019$6,401,789
81$8,104,001$4,377,334$3,625,829$6,914,268
82$8,896,795$4,558,010$3,713,480$7,474,127
83$9,769,389$4,746,474$3,803,003$8,086,018
84$10,729,890$4,943,073$3,894,426$8,755,061
85$11,787,228$5,148,173$3,987,778$9,486,891
86$12,951,245$5,362,154$4,083,089$10,287,709
87$14,232,786$5,585,414$4,180,387$11,164,341
88$15,643,801$5,818,369$4,279,701$12,124,300
89$17,197,456$6,061,457$4,381,058$13,175,857
90$18,908,261$6,315,133$4,484,488$14,328,120
91$20,792,203$6,579,873$4,590,017$15,591,112
92$22,866,898$6,856,178$4,697,674$16,975,872
93$25,151,761$7,144,569$4,807,484$18,494,553
94$27,668,181$7,445,594$4,919,476$20,160,538
95$30,439,730$7,759,823$5,033,673$21,988,562
96$33,492,384$8,087,855$5,150,102$23,994,853
97$36,854,763$8,430,317$5,268,787$26,197,282
98$40,558,410$8,787,863$5,389,752$28,615,529
99$44,638,079$9,161,179$5,513,020$31,271,269
100$49,132,070$9,550,984$5,638,613$34,188,373