Can I retire at age 70 with 2,720,000?

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$224,615$222,614$220,662$218,757$216,897$210,038
2 years$111,196$109,125$107,118$105,172$103,284$96,436
3 years$73,394$71,314$69,312$67,384$65,528$58,905
4 years$54,497$52,423$50,442$48,547$46,735$40,389
5 years$43,162$41,101$39,145$37,289$35,527$29,475
6 years$35,607$33,562$31,635$29,820$28,111$22,358
7 years$30,213$28,185$26,289$24,517$22,862$17,406
8 years$26,170$24,160$22,295$20,566$18,966$13,805
9 years$23,027$21,035$19,203$17,518$15,972$11,100
10 years$20,513$18,542$16,741$15,101$13,609$9,018
11 years$18,458$16,507$14,739$13,142$11,704$7,386
12 years$16,747$14,815$13,080$11,527$10,143$6,088
13 years$15,300$13,389$11,686$10,177$8,845$5,044
14 years$14,061$12,170$10,500$9,034$7,753$4,196
15 years$12,988$11,118$9,480$8,057$6,827$3,503
16 years$12,051$10,200$8,595$7,214$6,033$2,932
17 years$11,224$9,394$7,821$6,482$5,350$2,460
18 years$10,490$8,680$7,140$5,841$4,757$2,068
19 years$9,834$8,045$6,536$5,278$4,240$1,741
20 years$9,244$7,476$5,999$4,780$3,787$1,467
21 years$8,712$6,963$5,518$4,338$3,389$1,238
22 years$8,228$6,500$5,085$3,945$3,038$1,046
23 years$7,787$6,079$4,695$3,592$2,727$884
24 years$7,383$5,696$4,342$3,277$2,451$748
25 years$7,013$5,345$4,022$2,992$2,205$633
26 years$6,671$5,024$3,730$2,736$1,987$536
27 years$6,355$4,728$3,464$2,504$1,791$454
28 years$6,062$4,455$3,220$2,295$1,616$385
29 years$5,790$4,203$2,997$2,104$1,459$326
30 years$5,537$3,969$2,791$1,931$1,319$276
31 years$5,300$3,752$2,602$1,774$1,192$234
32 years$5,079$3,550$2,428$1,630$1,078$199
33 years$4,871$3,362$2,267$1,499$976$169
34 years$4,676$3,187$2,118$1,379$884$143
35 years$4,493$3,023$1,980$1,270$800$121
36 years$4,320$2,869$1,852$1,169$725$103
37 years$4,157$2,725$1,734$1,077$657$87
38 years$4,003$2,589$1,624$993$596$74
39 years$3,857$2,462$1,521$916$540$63
40 years$3,719$2,343$1,426$844$490$53
41 years$3,588$2,230$1,337$779$445$45
42 years$3,463$2,124$1,254$719$403$38
43 years$3,345$2,024$1,177$664$366$33
44 years$3,232$1,929$1,105$613$332$28
45 years$3,124$1,839$1,037$566$302$24
46 years$3,022$1,755$974$523$274$20
47 years$2,924$1,674$915$483$249$17
48 years$2,831$1,599$860$446$226$14
49 years$2,741$1,526$808$412$205$12
50 years$2,656$1,458$760$381$186$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,720,000, adding $2,858 every year, while hoping to spend $46,237 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: 56/37/7 Blend
69$2,720,000$2,720,000$2,720,000$2,720,000
70$3,000,388$2,856,228$2,814,068$3,163,542
71$3,257,232$2,946,987$2,859,143$3,364,579
72$3,538,724$3,040,644$2,904,179$3,578,023
73$3,847,330$3,137,292$2,949,125$3,809,357
74$4,185,765$3,237,026$2,993,928$4,060,291
75$4,557,019$3,339,947$3,038,531$4,332,705
76$4,964,387$3,446,157$3,082,874$4,628,668
77$5,411,497$3,555,761$3,126,893$4,950,454
78$5,902,346$3,668,869$3,170,520$5,300,568
79$6,441,335$3,785,594$3,213,683$5,681,766
80$7,033,316$3,906,052$3,256,305$6,097,080
81$7,683,630$4,030,365$3,298,307$6,549,849
82$8,398,163$4,158,655$3,339,603$7,043,746
83$9,183,398$4,291,052$3,380,103$7,582,817
84$10,046,480$4,427,688$3,419,711$8,171,514
85$10,995,276$4,568,700$3,458,326$8,814,740
86$12,038,457$4,714,230$3,495,843$9,517,892
87$13,185,575$4,864,423$3,532,150$10,286,914
88$14,447,154$5,019,429$3,567,127$11,128,350
89$15,834,788$5,179,406$3,600,650$12,049,408
90$17,361,253$5,344,513$3,632,588$13,058,023
91$19,040,623$5,514,917$3,662,803$14,162,938
92$20,888,408$5,690,789$3,691,148$15,373,779
93$22,921,695$5,872,307$3,717,470$16,701,148
94$25,159,311$6,059,653$3,741,609$18,156,724
95$27,622,001$6,253,017$3,763,393$19,753,371
96$30,332,624$6,452,593$3,782,645$21,505,258
97$33,316,365$6,658,584$3,799,177$23,427,993
98$36,600,977$6,871,197$3,812,793$25,538,768
99$40,217,039$7,090,648$3,823,284$27,856,525
100$44,198,246$7,317,159$3,830,433$30,402,127