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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$223,789$221,796$219,851$217,953$216,099$211,132
2 years$110,787$108,723$106,724$104,785$102,904$97,928
3 years$73,124$71,052$69,057$67,137$65,287$60,456
4 years$54,297$52,231$50,256$48,368$46,563$41,915
5 years$43,003$40,950$39,001$37,151$35,397$30,945
6 years$35,476$33,438$31,518$29,710$28,008$23,757
7 years$30,102$28,081$26,192$24,426$22,778$18,728
8 years$26,074$24,071$22,213$20,491$18,897$15,046
9 years$22,942$20,958$19,132$17,454$15,914$12,260
10 years$20,438$18,474$16,680$15,045$13,559$10,098
11 years$18,391$16,446$14,684$13,094$11,661$8,388
12 years$16,686$14,761$13,032$11,485$10,106$7,015
13 years$15,244$13,340$11,643$10,140$8,812$5,899
14 years$14,010$12,125$10,462$9,001$7,725$4,983
15 years$12,941$11,077$9,445$8,027$6,801$4,224
16 years$12,006$10,163$8,564$7,187$6,011$3,592
17 years$11,183$9,359$7,793$6,458$5,330$3,062
18 years$10,451$8,649$7,114$5,820$4,739$2,616
19 years$9,798$8,015$6,512$5,259$4,224$2,239
20 years$9,210$7,448$5,977$4,763$3,773$1,919
21 years$8,680$6,938$5,497$4,322$3,376$1,647
22 years$8,198$6,476$5,067$3,930$3,026$1,415
23 years$7,758$6,057$4,678$3,579$2,717$1,217
24 years$7,356$5,675$4,326$3,264$2,442$1,048
25 years$6,987$5,326$4,007$2,981$2,197$903
26 years$6,646$5,005$3,716$2,726$1,979$778
27 years$6,332$4,711$3,451$2,495$1,784$671
28 years$6,040$4,439$3,208$2,286$1,610$579
29 years$5,769$4,187$2,985$2,096$1,454$499
30 years$5,516$3,955$2,781$1,924$1,314$431
31 years$5,281$3,738$2,593$1,767$1,188$372
32 years$5,060$3,537$2,419$1,624$1,074$322
33 years$4,853$3,350$2,259$1,493$972$278
34 years$4,659$3,175$2,110$1,374$880$240
35 years$4,476$3,011$1,973$1,265$797$207
36 years$4,304$2,858$1,846$1,165$722$179
37 years$4,142$2,715$1,727$1,073$655$155
38 years$3,988$2,580$1,618$989$594$134
39 years$3,843$2,453$1,516$912$538$116
40 years$3,705$2,334$1,421$841$488$100
41 years$3,574$2,222$1,332$776$443$87
42 years$3,450$2,116$1,250$716$402$75
43 years$3,332$2,016$1,172$661$365$65
44 years$3,220$1,922$1,101$611$331$56
45 years$3,113$1,833$1,033$564$301$48
46 years$3,011$1,748$971$521$273$42
47 years$2,913$1,668$912$481$248$36
48 years$2,820$1,593$857$445$225$31
49 years$2,731$1,521$805$411$204$27
50 years$2,646$1,453$757$380$186$23

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 $2,267 every year, while hoping to spend $34,542 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: 70/9/21 Blend
69$2,710,000$2,710,000$2,710,000$2,710,000
70$2,988,758$2,845,128$2,803,123$3,182,319
71$3,256,859$2,947,787$2,860,276$3,414,467
72$3,551,149$3,054,319$2,918,185$3,664,203
73$3,874,262$3,164,876$2,976,840$3,936,719
74$4,229,100$3,279,619$3,036,228$4,234,266
75$4,618,862$3,398,714$3,096,335$4,559,323
76$5,047,069$3,522,333$3,157,145$4,914,619
77$5,517,600$3,650,658$3,218,640$5,303,161
78$6,034,732$3,783,877$3,280,801$5,728,260
79$6,603,173$3,922,185$3,343,605$6,193,562
80$7,228,111$4,065,786$3,407,030$6,703,085
81$7,915,262$4,214,894$3,471,050$7,261,252
82$8,670,923$4,369,729$3,535,635$7,872,936
83$9,502,034$4,530,522$3,600,755$8,543,503
84$10,416,239$4,697,515$3,666,378$9,278,868
85$11,421,960$4,870,957$3,732,466$10,085,543
86$12,528,477$5,051,111$3,798,981$10,970,703
87$13,746,015$5,238,250$3,865,880$11,942,252
88$15,085,841$5,432,656$3,933,120$13,008,898
89$16,560,368$5,634,627$4,000,650$14,180,235
90$18,183,273$5,844,472$4,068,420$15,466,832
91$19,969,628$6,062,511$4,136,372$16,880,332
92$21,936,038$6,289,082$4,204,449$18,433,564
93$24,100,801$6,524,535$4,272,585$20,140,664
94$26,484,080$6,769,234$4,340,714$22,017,203
95$29,108,090$7,023,561$4,408,762$24,080,340
96$31,997,313$7,287,913$4,476,653$26,348,981
97$35,178,723$7,562,705$4,544,305$28,843,954
98$38,682,043$7,848,368$4,611,630$31,588,212
99$42,540,027$8,145,354$4,678,536$34,607,042
100$46,788,767$8,454,133$4,744,924$37,928,309