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%16.7%
1 years$227,092$225,070$223,096$221,170$219,289$213,296
2 years$112,422$110,328$108,299$106,332$104,423$98,429
3 years$74,204$72,101$70,077$68,128$66,250$60,443
4 years$55,098$53,002$50,998$49,082$47,250$41,674
5 years$43,638$41,554$39,576$37,700$35,919$30,589
6 years$36,000$33,932$31,984$30,149$28,421$23,343
7 years$30,547$28,496$26,579$24,787$23,114$18,288
8 years$26,458$24,426$22,541$20,793$19,175$14,598
9 years$23,280$21,268$19,414$17,711$16,149$11,816
10 years$20,740$18,746$16,926$15,267$13,759$9,666
11 years$18,662$16,689$14,901$13,287$11,834$7,973
12 years$16,932$14,979$13,224$11,655$10,255$6,620
13 years$15,469$13,537$11,815$10,289$8,942$5,526
14 years$14,216$12,304$10,616$9,134$7,839$4,632
15 years$13,132$11,240$9,585$8,146$6,902$3,897
16 years$12,184$10,313$8,690$7,293$6,100$3,288
17 years$11,348$9,498$7,908$6,553$5,409$2,781
18 years$10,606$8,776$7,219$5,906$4,809$2,356
19 years$9,943$8,134$6,608$5,336$4,286$2,000
20 years$9,346$7,558$6,065$4,833$3,829$1,700
21 years$8,808$7,040$5,578$4,386$3,426$1,447
22 years$8,319$6,572$5,141$3,988$3,071$1,233
23 years$7,873$6,146$4,747$3,632$2,757$1,051
24 years$7,465$5,759$4,390$3,313$2,478$897
25 years$7,090$5,404$4,066$3,025$2,230$766
26 years$6,744$5,079$3,771$2,766$2,008$654
27 years$6,425$4,780$3,502$2,532$1,811$559
28 years$6,129$4,504$3,256$2,320$1,634$478
29 years$5,854$4,249$3,030$2,127$1,475$409
30 years$5,598$4,013$2,822$1,952$1,333$350
31 years$5,359$3,794$2,631$1,793$1,205$299
32 years$5,135$3,590$2,455$1,648$1,090$256
33 years$4,925$3,399$2,292$1,515$987$219
34 years$4,728$3,222$2,141$1,394$893$188
35 years$4,542$3,056$2,002$1,284$809$161
36 years$4,368$2,900$1,873$1,182$733$138
37 years$4,203$2,755$1,753$1,089$664$118
38 years$4,047$2,618$1,642$1,004$602$101
39 years$3,899$2,489$1,538$926$546$86
40 years$3,760$2,369$1,442$854$495$74
41 years$3,627$2,255$1,352$788$449$63
42 years$3,501$2,147$1,268$727$408$54
43 years$3,381$2,046$1,190$671$370$47
44 years$3,267$1,950$1,117$620$336$40
45 years$3,159$1,860$1,049$572$305$34
46 years$3,055$1,774$985$529$277$29
47 years$2,956$1,693$925$488$251$25
48 years$2,862$1,616$870$451$228$22
49 years$2,771$1,543$817$417$207$18
50 years$2,685$1,474$768$385$188$16

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 $2,780 every year, while hoping to spend $34,966 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: 85/9/6 Blend
69$2,750,000$2,750,000$2,750,000$2,750,000
70$3,033,368$2,887,618$2,844,993$3,290,126
71$3,305,568$2,991,907$2,903,096$3,562,276
72$3,604,360$3,100,135$2,961,975$3,856,133
73$3,932,420$3,212,458$3,021,616$4,177,843
74$4,292,696$3,329,037$3,082,009$4,530,180
75$4,688,434$3,450,042$3,143,139$4,916,202
76$5,123,210$3,575,650$3,204,990$5,339,275
77$5,600,965$3,706,045$3,267,545$5,803,105
78$6,126,039$3,841,417$3,330,784$6,311,775
79$6,703,215$3,981,966$3,394,685$6,869,783
80$7,337,760$4,127,900$3,459,224$7,482,081
81$8,035,481$4,279,436$3,524,377$8,154,127
82$8,802,770$4,436,799$3,590,114$8,891,929
83$9,646,675$4,600,224$3,656,405$9,702,108
84$10,574,958$4,769,957$3,723,217$10,591,956
85$11,596,171$4,946,253$3,790,512$11,569,507
86$12,719,740$5,129,378$3,858,254$12,643,612
87$13,956,046$5,319,610$3,926,398$13,824,019
88$15,316,531$5,517,239$3,994,900$15,121,470
89$16,813,799$5,722,566$4,063,712$16,547,798
90$18,461,741$5,935,907$4,132,781$18,116,041
91$20,275,661$6,157,588$4,202,051$19,840,560
92$22,272,421$6,387,952$4,271,462$21,737,181
93$24,470,602$6,627,357$4,340,951$23,823,339
94$26,890,680$6,876,174$4,410,449$26,118,242
95$29,555,215$7,134,791$4,479,884$28,643,055
96$32,489,064$7,403,614$4,549,178$31,421,099
97$35,719,622$7,683,064$4,618,249$34,478,065
98$39,277,072$7,973,583$4,687,009$37,842,265
99$43,194,674$8,275,629$4,755,364$41,544,890
100$47,509,079$8,589,683$4,823,217$45,620,310