Can I retire at age 70 with 2,750,000?

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$227,092$225,070$223,096$221,170$219,289$213,124
2 years$112,422$110,328$108,299$106,332$104,423$98,259
3 years$74,204$72,101$70,077$68,128$66,250$60,280
4 years$55,098$53,002$50,998$49,082$47,250$41,520
5 years$43,638$41,554$39,576$37,700$35,919$30,444
6 years$36,000$33,932$31,984$30,149$28,421$23,207
7 years$30,547$28,496$26,579$24,787$23,114$18,160
8 years$26,458$24,426$22,541$20,793$19,175$14,479
9 years$23,280$21,268$19,414$17,711$16,149$11,706
10 years$20,740$18,746$16,926$15,267$13,759$9,564
11 years$18,662$16,689$14,901$13,287$11,834$7,879
12 years$16,932$14,979$13,224$11,655$10,255$6,533
13 years$15,469$13,537$11,815$10,289$8,942$5,446
14 years$14,216$12,304$10,616$9,134$7,839$4,559
15 years$13,132$11,240$9,585$8,146$6,902$3,830
16 years$12,184$10,313$8,690$7,293$6,100$3,227
17 years$11,348$9,498$7,908$6,553$5,409$2,725
18 years$10,606$8,776$7,219$5,906$4,809$2,306
19 years$9,943$8,134$6,608$5,336$4,286$1,954
20 years$9,346$7,558$6,065$4,833$3,829$1,659
21 years$8,808$7,040$5,578$4,386$3,426$1,410
22 years$8,319$6,572$5,141$3,988$3,071$1,199
23 years$7,873$6,146$4,747$3,632$2,757$1,021
24 years$7,465$5,759$4,390$3,313$2,478$870
25 years$7,090$5,404$4,066$3,025$2,230$741
26 years$6,744$5,079$3,771$2,766$2,008$632
27 years$6,425$4,780$3,502$2,532$1,811$539
28 years$6,129$4,504$3,256$2,320$1,634$460
29 years$5,854$4,249$3,030$2,127$1,475$393
30 years$5,598$4,013$2,822$1,952$1,333$336
31 years$5,359$3,794$2,631$1,793$1,205$287
32 years$5,135$3,590$2,455$1,648$1,090$245
33 years$4,925$3,399$2,292$1,515$987$209
34 years$4,728$3,222$2,141$1,394$893$179
35 years$4,542$3,056$2,002$1,284$809$153
36 years$4,368$2,900$1,873$1,182$733$131
37 years$4,203$2,755$1,753$1,089$664$112
38 years$4,047$2,618$1,642$1,004$602$96
39 years$3,899$2,489$1,538$926$546$82
40 years$3,760$2,369$1,442$854$495$70
41 years$3,627$2,255$1,352$788$449$60
42 years$3,501$2,147$1,268$727$408$51
43 years$3,381$2,046$1,190$671$370$44
44 years$3,267$1,950$1,117$620$336$37
45 years$3,159$1,860$1,049$572$305$32
46 years$3,055$1,774$985$529$277$27
47 years$2,956$1,693$925$488$251$23
48 years$2,862$1,616$870$451$228$20
49 years$2,771$1,543$817$417$207$17
50 years$2,685$1,474$768$385$188$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,750,000, adding $5,285 every year, while hoping to spend $26,316 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: 46/29/25 Blend
69$2,750,000$2,750,000$2,750,000$2,750,000
70$3,035,951$2,890,201$2,847,576$3,153,576
71$3,317,619$3,003,821$2,914,970$3,350,661
72$3,627,134$3,122,127$2,983,740$3,561,380
73$3,967,309$3,245,319$3,053,903$3,789,490
74$4,341,245$3,373,609$3,125,479$4,036,631
75$4,752,353$3,507,218$3,198,484$4,304,605
76$5,204,397$3,646,375$3,272,937$4,595,394
77$5,701,518$3,791,321$3,348,853$4,911,175
78$6,248,284$3,942,306$3,426,251$5,254,345
79$6,849,724$4,099,594$3,505,145$5,627,536
80$7,511,381$4,263,459$3,585,552$6,033,646
81$8,239,360$4,434,187$3,667,487$6,475,861
82$9,040,391$4,612,078$3,750,964$6,957,688
83$9,921,887$4,797,446$3,835,996$7,482,983
84$10,892,015$4,990,616$3,922,598$8,055,989
85$11,959,776$5,191,932$4,010,781$8,681,377
86$13,135,087$5,401,751$4,100,556$9,364,285
87$14,428,876$5,620,447$4,191,934$10,110,369
88$15,853,182$5,848,409$4,284,925$10,925,855
89$17,421,274$6,086,048$4,379,537$11,817,593
90$19,147,769$6,333,790$4,475,777$12,793,126
91$21,048,777$6,592,081$4,573,651$13,860,758
92$23,142,047$6,861,388$4,673,163$15,029,631
93$25,447,139$7,142,200$4,774,318$16,309,807
94$27,985,606$7,435,026$4,877,116$17,712,369
95$30,781,197$7,740,401$4,981,558$19,249,519
96$33,860,081$8,058,883$5,087,642$20,934,690
97$37,251,096$8,391,055$5,195,365$22,782,680
98$40,986,019$8,737,528$5,304,721$24,809,780
99$45,099,867$9,098,941$5,415,703$27,033,933
100$49,631,225$9,475,961$5,528,301$29,474,901