Can I retire at age 70 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$223,789$221,796$219,851$217,953$216,099$210,193
2 years$110,787$108,723$106,724$104,785$102,904$96,997
3 years$73,124$71,052$69,057$67,137$65,287$59,564
4 years$54,297$52,231$50,256$48,368$46,563$41,068
5 years$43,003$40,950$39,001$37,151$35,397$30,144
6 years$35,476$33,438$31,518$29,710$28,008$23,004
7 years$30,102$28,081$26,192$24,426$22,778$18,022
8 years$26,074$24,071$22,213$20,491$18,897$14,386
9 years$22,942$20,958$19,132$17,454$15,914$11,644
10 years$20,438$18,474$16,680$15,045$13,559$9,526
11 years$18,391$16,446$14,684$13,094$11,661$7,857
12 years$16,686$14,761$13,032$11,485$10,106$6,524
13 years$15,244$13,340$11,643$10,140$8,812$5,446
14 years$14,010$12,125$10,462$9,001$7,725$4,565
15 years$12,941$11,077$9,445$8,027$6,801$3,840
16 years$12,006$10,163$8,564$7,187$6,011$3,240
17 years$11,183$9,359$7,793$6,458$5,330$2,740
18 years$10,451$8,649$7,114$5,820$4,739$2,322
19 years$9,798$8,015$6,512$5,259$4,224$1,971
20 years$9,210$7,448$5,977$4,763$3,773$1,676
21 years$8,680$6,938$5,497$4,322$3,376$1,426
22 years$8,198$6,476$5,067$3,930$3,026$1,215
23 years$7,758$6,057$4,678$3,579$2,717$1,036
24 years$7,356$5,675$4,326$3,264$2,442$884
25 years$6,987$5,326$4,007$2,981$2,197$755
26 years$6,646$5,005$3,716$2,726$1,979$645
27 years$6,332$4,711$3,451$2,495$1,784$551
28 years$6,040$4,439$3,208$2,286$1,610$471
29 years$5,769$4,187$2,985$2,096$1,454$403
30 years$5,516$3,955$2,781$1,924$1,314$345
31 years$5,281$3,738$2,593$1,767$1,188$295
32 years$5,060$3,537$2,419$1,624$1,074$252
33 years$4,853$3,350$2,259$1,493$972$216
34 years$4,659$3,175$2,110$1,374$880$185
35 years$4,476$3,011$1,973$1,265$797$158
36 years$4,304$2,858$1,846$1,165$722$136
37 years$4,142$2,715$1,727$1,073$655$116
38 years$3,988$2,580$1,618$989$594$100
39 years$3,843$2,453$1,516$912$538$85
40 years$3,705$2,334$1,421$841$488$73
41 years$3,574$2,222$1,332$776$443$63
42 years$3,450$2,116$1,250$716$402$54
43 years$3,332$2,016$1,172$661$365$46
44 years$3,220$1,922$1,101$611$331$39
45 years$3,113$1,833$1,033$564$301$34
46 years$3,011$1,748$971$521$273$29
47 years$2,913$1,668$912$481$248$25
48 years$2,820$1,593$857$445$225$21
49 years$2,731$1,521$805$411$204$18
50 years$2,646$1,453$757$380$186$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,710,000, adding $5,938 every year, while hoping to spend $32,874 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: 31/49/20 Blend
69$2,710,000$2,710,000$2,710,000$2,710,000
70$2,992,545$2,848,915$2,806,910$3,066,491
71$3,262,807$2,953,534$2,865,964$3,227,361
72$3,559,534$3,062,178$2,925,894$3,397,029
73$3,885,390$3,175,009$2,986,696$3,578,983
74$4,243,312$3,292,196$3,048,362$3,774,311
75$4,636,532$3,413,916$3,110,884$3,984,207
76$5,068,613$3,540,353$3,174,254$4,209,981
77$5,543,481$3,671,699$3,238,460$4,453,069
78$6,065,457$3,808,153$3,303,490$4,715,050
79$6,639,306$3,949,925$3,369,329$4,997,655
80$7,270,276$4,097,232$3,435,962$5,302,785
81$7,964,148$4,250,300$3,503,371$5,632,529
82$8,727,292$4,409,366$3,571,535$5,989,179
83$9,566,728$4,574,677$3,640,433$6,375,256
84$10,490,187$4,746,489$3,710,041$6,793,529
85$11,506,190$4,925,071$3,780,331$7,247,041
86$12,624,125$5,110,703$3,851,276$7,739,136
87$13,854,335$5,303,677$3,922,842$8,273,493
88$15,208,216$5,504,296$3,994,997$8,854,153
89$16,698,326$5,712,879$4,067,702$9,485,563
90$18,338,502$5,929,757$4,140,916$10,172,611
91$20,143,990$6,155,276$4,214,598$10,920,674
92$22,131,589$6,389,796$4,288,699$11,735,668
93$24,319,810$6,633,695$4,363,169$12,624,099
94$26,729,050$6,887,365$4,437,954$13,593,127
95$29,381,783$7,151,216$4,512,996$14,650,627
96$32,302,776$7,425,677$4,588,232$15,805,268
97$35,519,318$7,711,193$4,663,597$17,066,588
98$39,061,479$8,008,233$4,739,018$18,445,086
99$42,962,396$8,317,282$4,814,421$19,952,316
100$47,258,580$8,638,848$4,889,723$21,600,995