Can I retire at age 70 with 2,770,000?

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 $2,770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$228,744$226,706$224,719$222,778$220,884$218,850
2 years$113,240$111,131$109,087$107,105$105,183$103,134
3 years$74,743$72,625$70,586$68,623$66,732$64,732
4 years$55,499$53,387$51,369$49,439$47,594$45,657
5 years$43,955$41,856$39,864$37,974$36,180$34,313
6 years$36,262$34,179$32,216$30,368$28,628$26,832
7 years$30,769$28,703$26,772$24,967$23,282$21,559
8 years$26,651$24,604$22,705$20,944$19,315$17,664
9 years$23,450$21,422$19,556$17,840$16,266$14,687
10 years$20,890$18,883$17,049$15,378$13,859$12,351
11 years$18,798$16,810$15,010$13,384$11,920$10,481
12 years$17,055$15,088$13,321$11,739$10,329$8,959
13 years$15,582$13,635$11,901$10,364$9,007$7,704
14 years$14,320$12,394$10,693$9,200$7,896$6,657
15 years$13,227$11,322$9,655$8,205$6,952$5,777
16 years$12,272$10,388$8,753$7,347$6,144$5,030
17 years$11,430$9,567$7,965$6,601$5,448$4,393
18 years$10,683$8,840$7,271$5,949$4,844$3,847
19 years$10,015$8,193$6,656$5,375$4,318$3,376
20 years$9,414$7,613$6,109$4,868$3,857$2,968
21 years$8,872$7,091$5,619$4,418$3,451$2,613
22 years$8,379$6,620$5,179$4,017$3,093$2,305
23 years$7,930$6,191$4,782$3,659$2,777$2,035
24 years$7,519$5,801$4,422$3,337$2,496$1,799
25 years$7,141$5,444$4,096$3,047$2,246$1,592
26 years$6,794$5,116$3,799$2,786$2,023$1,409
27 years$6,472$4,815$3,527$2,550$1,824$1,249
28 years$6,174$4,537$3,279$2,337$1,646$1,108
29 years$5,897$4,280$3,052$2,143$1,486$983
30 years$5,639$4,042$2,842$1,967$1,343$872
31 years$5,398$3,821$2,650$1,806$1,214$775
32 years$5,172$3,616$2,472$1,660$1,098$688
33 years$4,961$3,424$2,309$1,526$994$612
34 years$4,762$3,245$2,157$1,404$900$544
35 years$4,575$3,078$2,017$1,293$815$484
36 years$4,399$2,922$1,886$1,191$738$430
37 years$4,233$2,775$1,766$1,097$669$383
38 years$4,076$2,637$1,654$1,011$607$341
39 years$3,928$2,508$1,549$932$550$303
40 years$3,787$2,386$1,452$860$499$270
41 years$3,653$2,271$1,362$793$453$240
42 years$3,527$2,163$1,277$732$411$214
43 years$3,406$2,061$1,198$676$373$191
44 years$3,291$1,964$1,125$624$338$170
45 years$3,182$1,873$1,056$576$307$151
46 years$3,077$1,787$992$532$279$135
47 years$2,978$1,705$932$492$253$120
48 years$2,883$1,628$876$455$230$107
49 years$2,792$1,555$823$420$209$95
50 years$2,704$1,485$774$388$190$85

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,770,000, adding $2,803 every year, while hoping to spend $38,805 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: 31/39/30 Blend
69$2,770,000$2,770,000$2,770,000$2,770,000
70$3,055,431$2,908,621$2,865,686$3,122,073
71$3,325,797$3,009,856$2,920,399$3,275,500
72$3,622,440$3,114,750$2,975,643$3,436,960
73$3,947,998$3,223,442$3,031,397$3,610,012
74$4,305,380$3,336,077$3,087,634$3,795,701
75$4,697,787$3,452,803$3,144,329$3,995,174
76$5,128,747$3,573,776$3,201,450$4,209,690
77$5,602,147$3,699,159$3,258,966$4,440,633
78$6,122,267$3,829,118$3,316,842$4,689,524
79$6,693,823$3,963,830$3,375,041$4,958,034
80$7,322,011$4,103,475$3,433,523$5,247,999
81$8,012,554$4,248,244$3,492,244$5,561,440
82$8,771,760$4,398,334$3,551,160$5,900,578
83$9,606,575$4,553,948$3,610,220$6,267,853
84$10,524,655$4,715,300$3,669,371$6,665,953
85$11,534,432$4,882,612$3,728,557$7,097,831
86$12,645,199$5,056,115$3,787,719$7,566,738
87$13,867,193$5,236,048$3,846,791$8,076,250
88$15,211,694$5,422,662$3,905,706$8,630,300
89$16,691,131$5,616,217$3,964,391$9,233,220
90$18,319,198$5,816,982$4,022,769$9,889,773
91$20,110,982$6,025,241$4,080,759$10,605,206
92$22,083,111$6,241,286$4,138,272$11,385,290
93$24,253,902$6,465,423$4,195,218$12,236,379
94$26,643,540$6,697,969$4,251,498$13,165,471
95$29,274,268$6,939,256$4,307,010$14,180,266
96$32,170,592$7,189,628$4,361,643$15,289,243
97$35,359,517$7,449,445$4,415,283$16,501,740
98$38,870,799$7,719,079$4,467,807$17,828,036
99$42,737,228$7,998,921$4,519,085$19,279,453
100$46,994,932$8,289,375$4,568,982$20,868,457