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%12.8%
1 years$227,092$225,070$223,096$221,170$219,289$216,728
2 years$112,422$110,328$108,299$106,332$104,423$101,846
3 years$74,204$72,101$70,077$68,128$66,250$63,736
4 years$55,098$53,002$50,998$49,082$47,250$44,819
5 years$43,638$41,554$39,576$37,700$35,919$33,577
6 years$36,000$33,932$31,984$30,149$28,421$26,172
7 years$30,547$28,496$26,579$24,787$23,114$20,959
8 years$26,458$24,426$22,541$20,793$19,175$17,113
9 years$23,280$21,268$19,414$17,711$16,149$14,179
10 years$20,740$18,746$16,926$15,267$13,759$11,881
11 years$18,662$16,689$14,901$13,287$11,834$10,044
12 years$16,932$14,979$13,224$11,655$10,255$8,553
13 years$15,469$13,537$11,815$10,289$8,942$7,326
14 years$14,216$12,304$10,616$9,134$7,839$6,306
15 years$13,132$11,240$9,585$8,146$6,902$5,450
16 years$12,184$10,313$8,690$7,293$6,100$4,726
17 years$11,348$9,498$7,908$6,553$5,409$4,110
18 years$10,606$8,776$7,219$5,906$4,809$3,584
19 years$9,943$8,134$6,608$5,336$4,286$3,131
20 years$9,346$7,558$6,065$4,833$3,829$2,741
21 years$8,808$7,040$5,578$4,386$3,426$2,403
22 years$8,319$6,572$5,141$3,988$3,071$2,109
23 years$7,873$6,146$4,747$3,632$2,757$1,854
24 years$7,465$5,759$4,390$3,313$2,478$1,631
25 years$7,090$5,404$4,066$3,025$2,230$1,437
26 years$6,744$5,079$3,771$2,766$2,008$1,266
27 years$6,425$4,780$3,502$2,532$1,811$1,117
28 years$6,129$4,504$3,256$2,320$1,634$985
29 years$5,854$4,249$3,030$2,127$1,475$870
30 years$5,598$4,013$2,822$1,952$1,333$769
31 years$5,359$3,794$2,631$1,793$1,205$679
32 years$5,135$3,590$2,455$1,648$1,090$601
33 years$4,925$3,399$2,292$1,515$987$531
34 years$4,728$3,222$2,141$1,394$893$470
35 years$4,542$3,056$2,002$1,284$809$416
36 years$4,368$2,900$1,873$1,182$733$368
37 years$4,203$2,755$1,753$1,089$664$326
38 years$4,047$2,618$1,642$1,004$602$288
39 years$3,899$2,489$1,538$926$546$255
40 years$3,760$2,369$1,442$854$495$226
41 years$3,627$2,255$1,352$788$449$200
42 years$3,501$2,147$1,268$727$408$177
43 years$3,381$2,046$1,190$671$370$157
44 years$3,267$1,950$1,117$620$336$139
45 years$3,159$1,860$1,049$572$305$123
46 years$3,055$1,774$985$529$277$109
47 years$2,956$1,693$925$488$251$97
48 years$2,862$1,616$870$451$228$86
49 years$2,771$1,543$817$417$207$76
50 years$2,685$1,474$768$385$188$67

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 $5,673 every year, while hoping to spend $43,428 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: 54/33/13 Blend
69$2,750,000$2,750,000$2,750,000$2,750,000
70$3,036,352$2,890,602$2,847,977$3,189,709
71$3,299,853$2,986,034$2,897,177$3,390,095
72$3,588,775$3,084,687$2,946,570$3,602,924
73$3,905,666$3,186,673$2,996,116$3,833,574
74$4,253,331$3,292,107$3,045,773$4,083,750
75$4,634,861$3,401,111$3,095,496$4,355,326
76$5,053,659$3,513,807$3,145,238$4,650,364
77$5,513,475$3,630,326$3,194,946$4,971,133
78$6,018,438$3,750,801$3,244,566$5,320,131
79$6,573,100$3,875,372$3,294,039$5,700,106
80$7,182,472$4,004,180$3,343,305$6,114,080
81$7,852,075$4,137,376$3,392,297$6,565,384
82$8,587,993$4,275,114$3,440,946$7,057,681
83$9,396,928$4,417,554$3,489,177$7,595,005
84$10,286,262$4,564,862$3,536,912$8,181,797
85$11,264,130$4,717,209$3,584,067$8,822,945
86$12,339,493$4,874,774$3,630,556$9,523,832
87$13,522,226$5,037,743$3,676,284$10,290,387
88$14,823,207$5,206,306$3,721,153$11,129,135
89$16,254,422$5,380,663$3,765,059$12,047,265
90$17,829,077$5,561,019$3,807,893$13,052,692
91$19,561,723$5,747,590$3,849,538$14,154,134
92$21,468,392$5,940,595$3,889,871$15,361,191
93$23,566,750$6,140,267$3,928,764$16,684,439
94$25,876,261$6,346,842$3,966,080$18,135,524
95$28,418,372$6,560,569$4,001,675$19,727,276
96$31,216,714$6,781,705$4,035,400$21,473,827
97$34,297,327$7,010,516$4,067,093$23,390,742
98$37,688,902$7,247,279$4,096,588$25,495,170
99$41,423,054$7,492,281$4,123,709$27,806,000
100$45,534,622$7,745,819$4,148,270$30,344,041