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%19.3%
1 years$224,615$222,614$220,662$218,757$216,897$208,786
2 years$111,196$109,125$107,118$105,172$103,284$95,206
3 years$73,394$71,314$69,312$67,384$65,528$57,736
4 years$54,497$52,423$50,442$48,547$46,735$39,288
5 years$43,162$41,101$39,145$37,289$35,527$28,446
6 years$35,607$33,562$31,635$29,820$28,111$21,400
7 years$30,213$28,185$26,289$24,517$22,862$16,519
8 years$26,170$24,160$22,295$20,566$18,966$12,985
9 years$23,027$21,035$19,203$17,518$15,972$10,345
10 years$20,513$18,542$16,741$15,101$13,609$8,326
11 years$18,458$16,507$14,739$13,142$11,704$6,753
12 years$16,747$14,815$13,080$11,527$10,143$5,511
13 years$15,300$13,389$11,686$10,177$8,845$4,520
14 years$14,061$12,170$10,500$9,034$7,753$3,721
15 years$12,988$11,118$9,480$8,057$6,827$3,073
16 years$12,051$10,200$8,595$7,214$6,033$2,545
17 years$11,224$9,394$7,821$6,482$5,350$2,111
18 years$10,490$8,680$7,140$5,841$4,757$1,755
19 years$9,834$8,045$6,536$5,278$4,240$1,461
20 years$9,244$7,476$5,999$4,780$3,787$1,217
21 years$8,712$6,963$5,518$4,338$3,389$1,015
22 years$8,228$6,500$5,085$3,945$3,038$848
23 years$7,787$6,079$4,695$3,592$2,727$708
24 years$7,383$5,696$4,342$3,277$2,451$592
25 years$7,013$5,345$4,022$2,992$2,205$495
26 years$6,671$5,024$3,730$2,736$1,987$414
27 years$6,355$4,728$3,464$2,504$1,791$346
28 years$6,062$4,455$3,220$2,295$1,616$290
29 years$5,790$4,203$2,997$2,104$1,459$243
30 years$5,537$3,969$2,791$1,931$1,319$203
31 years$5,300$3,752$2,602$1,774$1,192$170
32 years$5,079$3,550$2,428$1,630$1,078$143
33 years$4,871$3,362$2,267$1,499$976$120
34 years$4,676$3,187$2,118$1,379$884$100
35 years$4,493$3,023$1,980$1,270$800$84
36 years$4,320$2,869$1,852$1,169$725$70
37 years$4,157$2,725$1,734$1,077$657$59
38 years$4,003$2,589$1,624$993$596$49
39 years$3,857$2,462$1,521$916$540$41
40 years$3,719$2,343$1,426$844$490$35
41 years$3,588$2,230$1,337$779$445$29
42 years$3,463$2,124$1,254$719$403$24
43 years$3,345$2,024$1,177$664$366$20
44 years$3,232$1,929$1,105$613$332$17
45 years$3,124$1,839$1,037$566$302$14
46 years$3,022$1,755$974$523$274$12
47 years$2,924$1,674$915$483$249$10
48 years$2,831$1,599$860$446$226$8
49 years$2,741$1,526$808$412$205$7
50 years$2,656$1,458$760$381$186$6

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 $3,649 every year, while hoping to spend $57,853 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: 63/11/26 Blend
69$2,720,000$2,720,000$2,720,000$2,720,000
70$3,001,204$2,857,044$2,814,884$3,169,383
71$3,245,772$2,935,484$2,847,627$3,362,144
72$3,513,346$3,015,829$2,879,529$3,565,906
73$3,806,213$3,098,110$2,910,499$3,787,205
74$4,126,890$3,182,360$2,940,443$4,027,767
75$4,478,147$3,268,610$2,969,263$4,289,495
76$4,863,038$3,356,892$2,996,853$4,574,481
77$5,284,923$3,447,235$3,023,103$4,885,035
78$5,747,505$3,539,669$3,047,896$5,223,698
79$6,254,861$3,634,224$3,071,112$5,593,273
80$6,811,483$3,730,926$3,092,619$5,996,846
81$7,422,316$3,829,804$3,112,285$6,437,818
82$8,092,811$3,930,883$3,129,964$6,919,937
83$8,828,969$4,034,187$3,145,509$7,447,333
84$9,637,401$4,139,740$3,158,762$8,024,556
85$10,525,392$4,247,563$3,169,556$8,656,623
86$11,500,965$4,357,677$3,177,719$9,349,058
87$12,572,958$4,470,098$3,183,068$10,107,951
88$13,751,110$4,584,843$3,185,411$10,940,015
89$15,046,149$4,701,926$3,184,547$11,852,644
90$16,469,893$4,821,356$3,180,266$12,853,988
91$18,035,363$4,943,144$3,172,346$13,953,031
92$19,756,906$5,067,294$3,160,556$15,159,669
93$21,650,327$5,193,808$3,144,651$16,484,812
94$23,733,041$5,322,685$3,124,378$17,940,481
95$26,024,235$5,453,921$3,099,468$19,539,925
96$28,545,049$5,587,505$3,069,642$21,297,745
97$31,318,775$5,723,424$3,034,607$23,230,031
98$34,371,079$5,861,661$2,994,055$25,354,519
99$37,730,238$6,002,191$2,947,665$27,690,750
100$41,427,411$6,144,987$2,895,100$30,260,264