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

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 $2,750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$227,092$225,070$223,096$221,170$219,289$216,549
2 years$112,422$110,328$108,299$106,332$104,423$101,666
3 years$74,204$72,101$70,077$68,128$66,250$63,562
4 years$55,098$53,002$50,998$49,082$47,250$44,651
5 years$43,638$41,554$39,576$37,700$35,919$33,417
6 years$36,000$33,932$31,984$30,149$28,421$26,019
7 years$30,547$28,496$26,579$24,787$23,114$20,813
8 years$26,458$24,426$22,541$20,793$19,175$16,975
9 years$23,280$21,268$19,414$17,711$16,149$14,047
10 years$20,740$18,746$16,926$15,267$13,759$11,756
11 years$18,662$16,689$14,901$13,287$11,834$9,927
12 years$16,932$14,979$13,224$11,655$10,255$8,442
13 years$15,469$13,537$11,815$10,289$8,942$7,222
14 years$14,216$12,304$10,616$9,134$7,839$6,208
15 years$13,132$11,240$9,585$8,146$6,902$5,358
16 years$12,184$10,313$8,690$7,293$6,100$4,640
17 years$11,348$9,498$7,908$6,553$5,409$4,030
18 years$10,606$8,776$7,219$5,906$4,809$3,508
19 years$9,943$8,134$6,608$5,336$4,286$3,061
20 years$9,346$7,558$6,065$4,833$3,829$2,675
21 years$8,808$7,040$5,578$4,386$3,426$2,342
22 years$8,319$6,572$5,141$3,988$3,071$2,053
23 years$7,873$6,146$4,747$3,632$2,757$1,801
24 years$7,465$5,759$4,390$3,313$2,478$1,583
25 years$7,090$5,404$4,066$3,025$2,230$1,392
26 years$6,744$5,079$3,771$2,766$2,008$1,224
27 years$6,425$4,780$3,502$2,532$1,811$1,078
28 years$6,129$4,504$3,256$2,320$1,634$950
29 years$5,854$4,249$3,030$2,127$1,475$837
30 years$5,598$4,013$2,822$1,952$1,333$739
31 years$5,359$3,794$2,631$1,793$1,205$652
32 years$5,135$3,590$2,455$1,648$1,090$575
33 years$4,925$3,399$2,292$1,515$987$508
34 years$4,728$3,222$2,141$1,394$893$448
35 years$4,542$3,056$2,002$1,284$809$396
36 years$4,368$2,900$1,873$1,182$733$350
37 years$4,203$2,755$1,753$1,089$664$309
38 years$4,047$2,618$1,642$1,004$602$273
39 years$3,899$2,489$1,538$926$546$242
40 years$3,760$2,369$1,442$854$495$214
41 years$3,627$2,255$1,352$788$449$189
42 years$3,501$2,147$1,268$727$408$167
43 years$3,381$2,046$1,190$671$370$148
44 years$3,267$1,950$1,117$620$336$131
45 years$3,159$1,860$1,049$572$305$116
46 years$3,055$1,774$985$529$277$102
47 years$2,956$1,693$925$488$251$90
48 years$2,862$1,616$870$451$228$80
49 years$2,771$1,543$817$417$207$71
50 years$2,685$1,474$768$385$188$63

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 $2,821 every year, while hoping to spend $27,357 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: 51/22/27 Blend
69$2,750,000$2,750,000$2,750,000$2,750,000
70$3,033,410$2,887,660$2,845,035$3,164,935
71$3,313,710$3,000,048$2,911,236$3,369,179
72$3,621,684$3,117,025$2,978,738$3,588,165
73$3,960,125$3,238,789$3,047,555$3,825,748
74$4,332,112$3,365,544$3,117,702$4,083,708
75$4,741,036$3,497,504$3,189,193$4,364,007
76$5,190,631$3,634,891$3,262,041$4,668,797
77$5,685,015$3,777,940$3,336,259$5,000,450
78$6,228,721$3,926,894$3,411,858$5,361,574
79$6,826,746$4,082,007$3,488,851$5,755,040
80$7,484,594$4,243,546$3,567,248$6,184,005
81$8,208,331$4,411,788$3,647,059$6,651,944
82$9,004,639$4,587,024$3,728,293$7,162,684
83$9,880,881$4,769,556$3,810,960$7,720,434
84$10,845,169$4,959,703$3,895,065$8,329,830
85$11,906,442$5,157,794$3,980,615$8,995,973
86$13,074,549$5,364,176$4,067,617$9,724,481
87$14,360,344$5,579,211$4,156,072$10,521,537
88$15,775,783$5,803,277$4,245,985$11,393,950
89$17,334,044$6,036,769$4,337,357$12,349,217
90$19,049,646$6,280,099$4,430,187$13,395,594
91$20,938,585$6,533,700$4,524,474$14,542,171
92$23,018,492$6,798,022$4,620,214$15,798,959
93$25,308,790$7,073,537$4,717,404$17,176,983
94$27,830,885$7,360,739$4,816,035$18,688,384
95$30,608,362$7,660,142$4,916,099$20,346,535
96$33,667,212$7,972,286$5,017,586$22,166,164
97$37,036,074$8,297,734$5,120,481$24,163,494
98$40,746,506$8,637,075$5,224,770$26,356,393
99$44,833,284$8,990,926$5,330,433$28,764,543
100$49,334,728$9,359,931$5,437,452$31,409,623