Can I retire at age 70 with 2,700,000?

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 $2,700,000?

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$222,963$220,977$219,040$217,149$215,302$210,097
2 years$110,378$108,322$106,330$104,398$102,525$97,312
3 years$72,854$70,790$68,803$66,889$65,046$59,989
4 years$54,096$52,038$50,071$48,190$46,391$41,528
5 years$42,844$40,798$38,857$37,014$35,266$30,611
6 years$35,345$33,315$31,402$29,601$27,905$23,462
7 years$29,991$27,978$26,095$24,336$22,694$18,464
8 years$25,977$23,982$22,131$20,415$18,827$14,808
9 years$22,857$20,881$19,061$17,389$15,855$12,044
10 years$20,362$18,405$16,618$14,990$13,509$9,902
11 years$18,323$16,385$14,630$13,045$11,618$8,210
12 years$16,624$14,707$12,984$11,443$10,068$6,853
13 years$15,188$13,290$11,600$10,102$8,780$5,751
14 years$13,958$12,081$10,423$8,968$7,696$4,847
15 years$12,893$11,036$9,411$7,997$6,776$4,101
16 years$11,962$10,125$8,532$7,161$5,989$3,479
17 years$11,141$9,325$7,764$6,434$5,310$2,960
18 years$10,413$8,617$7,087$5,798$4,722$2,523
19 years$9,762$7,986$6,488$5,239$4,208$2,155
20 years$9,176$7,421$5,954$4,745$3,759$1,843
21 years$8,648$6,912$5,477$4,307$3,364$1,578
22 years$8,167$6,452$5,048$3,916$3,015$1,353
23 years$7,730$6,035$4,661$3,566$2,707$1,161
24 years$7,329$5,654$4,310$3,252$2,433$997
25 years$6,961$5,306$3,992$2,970$2,189$856
26 years$6,622$4,987$3,703$2,716$1,972$736
27 years$6,308$4,693$3,438$2,486$1,778$633
28 years$6,018$4,422$3,196$2,278$1,604$545
29 years$5,748$4,172$2,974$2,089$1,449$469
30 years$5,496$3,940$2,771$1,917$1,309$404
31 years$5,261$3,725$2,583$1,760$1,183$348
32 years$5,041$3,524$2,410$1,618$1,070$300
33 years$4,835$3,338$2,250$1,488$969$258
34 years$4,642$3,163$2,102$1,369$877$223
35 years$4,460$3,000$1,966$1,260$794$192
36 years$4,288$2,848$1,839$1,161$720$166
37 years$4,126$2,705$1,721$1,069$652$143
38 years$3,973$2,570$1,612$986$591$123
39 years$3,829$2,444$1,510$909$536$106
40 years$3,691$2,325$1,415$838$486$92
41 years$3,561$2,214$1,327$773$441$79
42 years$3,437$2,108$1,245$714$400$68
43 years$3,320$2,009$1,168$659$363$59
44 years$3,208$1,915$1,097$608$330$51
45 years$3,101$1,826$1,030$562$299$44
46 years$3,000$1,742$967$519$272$38
47 years$2,903$1,662$909$479$247$33
48 years$2,810$1,587$854$443$224$28
49 years$2,721$1,515$802$409$204$24
50 years$2,636$1,447$754$378$185$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,700,000, adding $4,073 every year, while hoping to spend $59,260 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: 41/32/27 Blend
69$2,700,000$2,700,000$2,700,000$2,700,000
70$2,979,601$2,836,501$2,794,651$3,077,954
71$3,220,468$2,912,438$2,825,220$3,225,278
72$3,483,918$2,990,109$2,854,826$3,378,777
73$3,772,191$3,069,537$2,883,376$3,543,789
74$4,087,754$3,150,744$2,910,769$3,721,411
75$4,433,324$3,233,751$2,936,900$3,912,847
76$4,811,895$3,318,576$2,961,657$4,119,425
77$5,226,760$3,405,238$2,984,925$4,342,608
78$5,681,550$3,493,755$3,006,580$4,584,006
79$6,180,260$3,584,141$3,026,492$4,845,394
80$6,727,293$3,676,410$3,044,526$5,128,729
81$7,327,498$3,770,575$3,060,539$5,436,166
82$7,986,215$3,866,646$3,074,380$5,770,080
83$8,709,328$3,964,631$3,085,890$6,133,086
84$9,503,317$4,064,535$3,094,905$6,528,069
85$10,375,320$4,166,362$3,101,249$6,958,207
86$11,333,202$4,270,113$3,104,740$7,427,002
87$12,385,625$4,375,784$3,105,185$7,938,314
88$13,542,133$4,483,372$3,102,383$8,496,398
89$14,813,239$4,592,866$3,096,121$9,105,941
90$16,210,527$4,704,254$3,086,179$9,772,111
91$17,746,759$4,817,520$3,072,324$10,500,604
92$19,435,993$4,932,643$3,054,311$11,297,698
93$21,293,719$5,049,598$3,031,886$12,170,311
94$23,337,004$5,168,354$3,004,779$13,126,069
95$25,584,650$5,288,875$2,972,712$14,173,379
96$28,057,376$5,411,122$2,935,389$15,321,505
97$30,778,007$5,535,045$2,892,503$16,580,659
98$33,771,694$5,660,593$2,843,732$17,962,097
99$37,066,149$5,787,703$2,788,739$19,478,226
100$40,691,904$5,916,309$2,727,170$21,142,720