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%16.8%
1 years$227,918$225,888$223,907$221,974$220,086$213,985
2 years$112,831$110,729$108,693$106,718$104,803$98,702
3 years$74,473$72,363$70,331$68,375$66,491$60,581
4 years$55,298$53,194$51,183$49,261$47,422$41,748
5 years$43,796$41,705$39,720$37,837$36,050$30,627
6 years$36,131$34,055$32,100$30,258$28,525$23,359
7 years$30,658$28,600$26,675$24,877$23,198$18,290
8 years$26,555$24,515$22,623$20,869$19,245$14,592
9 years$23,365$21,345$19,485$17,776$16,207$11,804
10 years$20,815$18,814$16,987$15,323$13,809$9,650
11 years$18,730$16,749$14,955$13,335$11,877$7,955
12 years$16,993$15,033$13,273$11,697$10,292$6,601
13 years$15,525$13,586$11,858$10,327$8,975$5,506
14 years$14,268$12,349$10,655$9,167$7,867$4,612
15 years$13,179$11,281$9,620$8,175$6,927$3,877
16 years$12,228$10,350$8,722$7,320$6,122$3,269
17 years$11,389$9,532$7,936$6,577$5,428$2,763
18 years$10,644$8,808$7,245$5,927$4,827$2,339
19 years$9,979$8,163$6,632$5,356$4,302$1,984
20 years$9,380$7,586$6,087$4,851$3,843$1,686
21 years$8,840$7,066$5,599$4,402$3,439$1,433
22 years$8,349$6,596$5,160$4,003$3,082$1,220
23 years$7,901$6,169$4,764$3,645$2,767$1,040
24 years$7,492$5,780$4,406$3,325$2,487$886
25 years$7,116$5,424$4,081$3,036$2,238$756
26 years$6,769$5,098$3,785$2,776$2,016$646
27 years$6,449$4,798$3,515$2,541$1,817$551
28 years$6,151$4,521$3,267$2,328$1,640$471
29 years$5,875$4,265$3,041$2,135$1,481$402
30 years$5,618$4,028$2,832$1,959$1,338$344
31 years$5,378$3,807$2,640$1,800$1,210$294
32 years$5,153$3,603$2,464$1,654$1,094$252
33 years$4,943$3,412$2,300$1,521$990$215
34 years$4,745$3,234$2,149$1,399$897$184
35 years$4,559$3,067$2,009$1,288$812$157
36 years$4,384$2,911$1,880$1,186$736$135
37 years$4,218$2,765$1,759$1,093$667$115
38 years$4,062$2,628$1,648$1,008$605$99
39 years$3,914$2,499$1,544$929$548$84
40 years$3,773$2,377$1,447$857$497$72
41 years$3,640$2,263$1,357$791$451$62
42 years$3,514$2,155$1,273$730$409$53
43 years$3,394$2,053$1,194$673$372$45
44 years$3,279$1,957$1,121$622$337$39
45 years$3,170$1,866$1,052$574$306$33
46 years$3,066$1,780$989$530$278$28
47 years$2,967$1,699$929$490$252$24
48 years$2,872$1,622$873$453$229$21
49 years$2,782$1,549$820$419$208$18
50 years$2,695$1,480$771$387$189$15

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 $6,434 every year, while hoping to spend $32,538 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: 71/6/23 Blend
69$2,760,000$2,760,000$2,760,000$2,760,000
70$3,048,157$2,901,877$2,859,097$3,246,653
71$3,324,448$3,009,448$2,920,256$3,487,565
72$3,627,832$3,121,201$2,982,374$3,746,828
73$3,961,035$3,237,304$3,045,448$4,029,927
74$4,327,064$3,357,936$3,109,475$4,339,224
75$4,729,232$3,483,282$3,174,449$4,677,322
76$5,171,186$3,613,535$3,240,366$5,047,085
77$5,656,947$3,748,898$3,307,217$5,451,670
78$6,190,941$3,889,579$3,374,995$5,894,552
79$6,778,047$4,035,799$3,443,688$6,379,560
80$7,423,641$4,187,787$3,513,284$6,910,911
81$8,133,644$4,345,779$3,583,771$7,493,251
82$8,914,580$4,510,027$3,655,131$8,131,695
83$9,773,637$4,680,789$3,727,348$8,831,880
84$10,718,736$4,858,335$3,800,403$9,600,016
85$11,758,604$5,042,950$3,874,272$10,442,943
86$12,902,854$5,234,927$3,948,933$11,368,197
87$14,162,081$5,434,574$4,024,358$12,384,081
88$15,547,958$5,642,213$4,100,519$13,499,740
89$17,073,347$5,858,179$4,177,384$14,725,252
90$18,752,420$6,082,821$4,254,917$16,071,720
91$20,600,792$6,316,505$4,333,083$17,551,375
92$22,635,670$6,559,611$4,411,838$19,177,695
93$24,876,015$6,812,538$4,491,141$20,965,529
94$27,342,717$7,075,701$4,570,943$22,931,238
95$30,058,797$7,349,533$4,651,192$25,092,849
96$33,049,621$7,634,488$4,731,835$27,470,224
97$36,343,142$7,931,037$4,812,810$30,085,251
98$39,970,159$8,239,675$4,894,056$32,962,043
99$43,964,613$8,560,916$4,975,505$36,127,172
100$48,363,902$8,895,300$5,057,083$39,609,917