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

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 $2,720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$224,615$222,614$220,662$218,757$216,897$215,983
2 years$111,196$109,125$107,118$105,172$103,284$102,361
3 years$73,394$71,314$69,312$67,384$65,528$64,625
4 years$54,497$52,423$50,442$48,547$46,735$45,859
5 years$43,162$41,101$39,145$37,289$35,527$34,680
6 years$35,607$33,562$31,635$29,820$28,111$27,295
7 years$30,213$28,185$26,289$24,517$22,862$22,077
8 years$26,170$24,160$22,295$20,566$18,966$18,212
9 years$23,027$21,035$19,203$17,518$15,972$15,249
10 years$20,513$18,542$16,741$15,101$13,609$12,916
11 years$18,458$16,507$14,739$13,142$11,704$11,041
12 years$16,747$14,815$13,080$11,527$10,143$9,509
13 years$15,300$13,389$11,686$10,177$8,845$8,240
14 years$14,061$12,170$10,500$9,034$7,753$7,177
15 years$12,988$11,118$9,480$8,057$6,827$6,278
16 years$12,051$10,200$8,595$7,214$6,033$5,511
17 years$11,224$9,394$7,821$6,482$5,350$4,853
18 years$10,490$8,680$7,140$5,841$4,757$4,286
19 years$9,834$8,045$6,536$5,278$4,240$3,793
20 years$9,244$7,476$5,999$4,780$3,787$3,364
21 years$8,712$6,963$5,518$4,338$3,389$2,989
22 years$8,228$6,500$5,085$3,945$3,038$2,659
23 years$7,787$6,079$4,695$3,592$2,727$2,370
24 years$7,383$5,696$4,342$3,277$2,451$2,114
25 years$7,013$5,345$4,022$2,992$2,205$1,888
26 years$6,671$5,024$3,730$2,736$1,987$1,687
27 years$6,355$4,728$3,464$2,504$1,791$1,510
28 years$6,062$4,455$3,220$2,295$1,616$1,351
29 years$5,790$4,203$2,997$2,104$1,459$1,211
30 years$5,537$3,969$2,791$1,931$1,319$1,085
31 years$5,300$3,752$2,602$1,774$1,192$973
32 years$5,079$3,550$2,428$1,630$1,078$873
33 years$4,871$3,362$2,267$1,499$976$784
34 years$4,676$3,187$2,118$1,379$884$704
35 years$4,493$3,023$1,980$1,270$800$632
36 years$4,320$2,869$1,852$1,169$725$568
37 years$4,157$2,725$1,734$1,077$657$511
38 years$4,003$2,589$1,624$993$596$459
39 years$3,857$2,462$1,521$916$540$413
40 years$3,719$2,343$1,426$844$490$371
41 years$3,588$2,230$1,337$779$445$334
42 years$3,463$2,124$1,254$719$403$300
43 years$3,345$2,024$1,177$664$366$270
44 years$3,232$1,929$1,105$613$332$243
45 years$3,124$1,839$1,037$566$302$219
46 years$3,022$1,755$974$523$274$197
47 years$2,924$1,674$915$483$249$177
48 years$2,831$1,599$860$446$226$160
49 years$2,741$1,526$808$412$205$144
50 years$2,656$1,458$760$381$186$129

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 $6,140 every year, while hoping to spend $47,085 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: 70/20/10 Blend
69$2,720,000$2,720,000$2,720,000$2,720,000
70$3,003,773$2,859,613$2,817,453$3,207,706
71$3,260,060$2,949,636$2,861,740$3,433,641
72$3,540,910$3,042,492$2,905,932$3,674,470
73$3,848,779$3,138,271$2,949,977$3,936,744
74$4,186,372$3,237,063$2,993,818$4,222,563
75$4,556,666$3,338,964$3,037,396$4,534,237
76$4,962,945$3,444,072$3,080,647$4,874,313
77$5,408,821$3,552,487$3,123,505$5,245,592
78$5,898,275$3,664,313$3,165,897$5,651,161
79$6,435,694$3,779,659$3,207,748$6,094,416
80$7,025,906$3,898,634$3,248,980$6,579,099
81$7,674,234$4,021,352$3,289,506$7,109,330
82$8,386,539$4,147,932$3,329,238$7,689,647
83$9,169,280$4,278,495$3,368,081$8,325,048
84$10,029,571$4,413,165$3,405,936$9,021,036
85$10,975,250$4,552,073$3,442,697$9,783,674
86$12,014,951$4,695,350$3,478,254$10,619,640
87$13,158,190$4,843,136$3,512,489$11,536,291
88$14,415,447$4,995,571$3,545,279$12,541,727
89$15,798,270$5,152,802$3,576,494$13,644,876
90$17,319,383$5,314,979$3,605,996$14,855,570
91$18,992,806$5,482,258$3,633,642$16,184,641
92$20,833,982$5,654,800$3,659,280$17,644,022
93$22,859,933$5,832,769$3,682,749$19,246,859
94$25,089,407$6,016,336$3,703,883$21,007,637
95$27,543,068$6,205,678$3,722,505$22,942,311
96$30,243,681$6,400,975$3,738,428$25,068,464
97$33,216,329$6,602,416$3,751,458$27,405,463
98$36,488,652$6,810,192$3,761,390$29,974,650
99$40,091,107$7,024,504$3,768,009$32,799,539
100$44,057,252$7,245,556$3,771,089$35,906,036