Can I retire at age 70 with 2,760,000?

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 $2,760,000?

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$227,918$225,888$223,907$221,974$220,086$217,336
2 years$112,831$110,729$108,693$106,718$104,803$102,036
3 years$74,473$72,363$70,331$68,375$66,491$63,793
4 years$55,298$53,194$51,183$49,261$47,422$44,813
5 years$43,796$41,705$39,720$37,837$36,050$33,538
6 years$36,131$34,055$32,100$30,258$28,525$26,114
7 years$30,658$28,600$26,675$24,877$23,198$20,888
8 years$26,555$24,515$22,623$20,869$19,245$17,036
9 years$23,365$21,345$19,485$17,776$16,207$14,098
10 years$20,815$18,814$16,987$15,323$13,809$11,799
11 years$18,730$16,749$14,955$13,335$11,877$9,963
12 years$16,993$15,033$13,273$11,697$10,292$8,473
13 years$15,525$13,586$11,858$10,327$8,975$7,248
14 years$14,268$12,349$10,655$9,167$7,867$6,230
15 years$13,179$11,281$9,620$8,175$6,927$5,377
16 years$12,228$10,350$8,722$7,320$6,122$4,657
17 years$11,389$9,532$7,936$6,577$5,428$4,044
18 years$10,644$8,808$7,245$5,927$4,827$3,521
19 years$9,979$8,163$6,632$5,356$4,302$3,072
20 years$9,380$7,586$6,087$4,851$3,843$2,685
21 years$8,840$7,066$5,599$4,402$3,439$2,350
22 years$8,349$6,596$5,160$4,003$3,082$2,060
23 years$7,901$6,169$4,764$3,645$2,767$1,808
24 years$7,492$5,780$4,406$3,325$2,487$1,588
25 years$7,116$5,424$4,081$3,036$2,238$1,397
26 years$6,769$5,098$3,785$2,776$2,016$1,229
27 years$6,449$4,798$3,515$2,541$1,817$1,082
28 years$6,151$4,521$3,267$2,328$1,640$953
29 years$5,875$4,265$3,041$2,135$1,481$840
30 years$5,618$4,028$2,832$1,959$1,338$741
31 years$5,378$3,807$2,640$1,800$1,210$654
32 years$5,153$3,603$2,464$1,654$1,094$577
33 years$4,943$3,412$2,300$1,521$990$510
34 years$4,745$3,234$2,149$1,399$897$450
35 years$4,559$3,067$2,009$1,288$812$398
36 years$4,384$2,911$1,880$1,186$736$351
37 years$4,218$2,765$1,759$1,093$667$310
38 years$4,062$2,628$1,648$1,008$605$274
39 years$3,914$2,499$1,544$929$548$243
40 years$3,773$2,377$1,447$857$497$214
41 years$3,640$2,263$1,357$791$451$190
42 years$3,514$2,155$1,273$730$409$168
43 years$3,394$2,053$1,194$673$372$148
44 years$3,279$1,957$1,121$622$337$131
45 years$3,170$1,866$1,052$574$306$116
46 years$3,066$1,780$989$530$278$103
47 years$2,967$1,699$929$490$252$91
48 years$2,872$1,622$873$453$229$80
49 years$2,782$1,549$820$419$208$71
50 years$2,695$1,480$771$387$189$63

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,760,000, adding $2,955 every year, while hoping to spend $45,635 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: 42/32/26 Blend
69$2,760,000$2,760,000$2,760,000$2,760,000
70$3,044,568$2,898,288$2,855,508$3,149,144
71$3,306,559$2,991,749$2,902,612$3,317,903
72$3,593,743$3,088,260$2,949,765$3,495,994
73$3,908,642$3,187,922$2,996,920$3,687,973
74$4,254,034$3,290,840$3,044,027$3,895,150
75$4,632,977$3,397,123$3,091,033$4,118,960
76$5,048,841$3,506,882$3,137,883$4,360,988
77$5,505,336$3,620,234$3,184,516$4,622,973
78$6,006,552$3,737,297$3,230,869$4,906,831
79$6,556,992$3,858,196$3,276,874$5,214,670
80$7,161,617$3,983,058$3,322,461$5,548,809
81$7,825,891$4,112,017$3,367,552$5,911,804
82$8,555,835$4,245,210$3,412,069$6,306,463
83$9,358,082$4,382,777$3,455,926$6,735,883
84$10,239,940$4,524,866$3,499,032$7,203,471
85$11,209,458$4,671,629$3,541,294$7,712,978
86$12,275,506$4,823,222$3,582,610$8,268,535
87$13,447,855$4,979,807$3,622,875$8,874,691
88$14,737,271$5,141,553$3,661,977$9,536,456
89$16,155,617$5,308,633$3,699,797$10,259,345
90$17,715,961$5,481,227$3,736,211$11,049,435
91$19,432,703$5,659,521$3,771,088$11,913,419
92$21,321,708$5,843,708$3,804,289$12,858,667
93$23,400,459$6,033,985$3,835,669$13,893,298
94$25,688,216$6,230,561$3,865,074$15,026,254
95$28,206,202$6,433,647$3,892,343$16,267,389
96$30,977,804$6,643,465$3,917,306$17,627,553
97$34,028,788$6,860,243$3,939,784$19,118,702
98$37,387,547$7,084,218$3,959,589$20,754,006
99$41,085,366$7,315,633$3,976,524$22,547,974
100$45,156,717$7,554,743$3,990,382$24,516,591