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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.9%
1 years$228,744$226,706$224,719$222,778$220,884$219,124
2 years$113,240$111,131$109,087$107,105$105,183$103,409
3 years$74,743$72,625$70,586$68,623$66,732$65,000
4 years$55,499$53,387$51,369$49,439$47,594$45,916
5 years$43,955$41,856$39,864$37,974$36,180$34,561
6 years$36,262$34,179$32,216$30,368$28,628$27,070
7 years$30,769$28,703$26,772$24,967$23,282$21,786
8 years$26,651$24,604$22,705$20,944$19,315$17,881
9 years$23,450$21,422$19,556$17,840$16,266$14,893
10 years$20,890$18,883$17,049$15,378$13,859$12,547
11 years$18,798$16,810$15,010$13,384$11,920$10,667
12 years$17,055$15,088$13,321$11,739$10,329$9,135
13 years$15,582$13,635$11,901$10,364$9,007$7,870
14 years$14,320$12,394$10,693$9,200$7,896$6,815
15 years$13,227$11,322$9,655$8,205$6,952$5,925
16 years$12,272$10,388$8,753$7,347$6,144$5,170
17 years$11,430$9,567$7,965$6,601$5,448$4,525
18 years$10,683$8,840$7,271$5,949$4,844$3,971
19 years$10,015$8,193$6,656$5,375$4,318$3,492
20 years$9,414$7,613$6,109$4,868$3,857$3,077
21 years$8,872$7,091$5,619$4,418$3,451$2,715
22 years$8,379$6,620$5,179$4,017$3,093$2,400
23 years$7,930$6,191$4,782$3,659$2,777$2,124
24 years$7,519$5,801$4,422$3,337$2,496$1,882
25 years$7,141$5,444$4,096$3,047$2,246$1,669
26 years$6,794$5,116$3,799$2,786$2,023$1,481
27 years$6,472$4,815$3,527$2,550$1,824$1,316
28 years$6,174$4,537$3,279$2,337$1,646$1,170
29 years$5,897$4,280$3,052$2,143$1,486$1,040
30 years$5,639$4,042$2,842$1,967$1,343$926
31 years$5,398$3,821$2,650$1,806$1,214$824
32 years$5,172$3,616$2,472$1,660$1,098$734
33 years$4,961$3,424$2,309$1,526$994$654
34 years$4,762$3,245$2,157$1,404$900$583
35 years$4,575$3,078$2,017$1,293$815$520
36 years$4,399$2,922$1,886$1,191$738$463
37 years$4,233$2,775$1,766$1,097$669$413
38 years$4,076$2,637$1,654$1,011$607$369
39 years$3,928$2,508$1,549$932$550$329
40 years$3,787$2,386$1,452$860$499$294
41 years$3,653$2,271$1,362$793$453$262
42 years$3,527$2,163$1,277$732$411$234
43 years$3,406$2,061$1,198$676$373$209
44 years$3,291$1,964$1,125$624$338$187
45 years$3,182$1,873$1,056$576$307$167
46 years$3,077$1,787$992$532$279$149
47 years$2,978$1,705$932$492$253$133
48 years$2,883$1,628$876$455$230$119
49 years$2,792$1,555$823$420$209$106
50 years$2,704$1,485$774$388$190$95

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 $4,819 every year, while hoping to spend $20,142 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: 48/47/5 Blend
69$2,770,000$2,770,000$2,770,000$2,770,000
70$3,057,511$2,910,701$2,867,766$3,200,189
71$3,347,946$3,031,894$2,942,405$3,419,372
72$3,667,330$3,158,351$3,018,870$3,654,661
73$4,018,596$3,290,308$3,097,199$3,909,624
74$4,404,972$3,428,012$3,177,435$4,186,093
75$4,830,018$3,571,723$3,259,617$4,486,081
76$5,297,654$3,721,712$3,343,789$4,811,796
77$5,812,200$3,878,262$3,429,992$5,165,667
78$6,378,417$4,041,670$3,518,269$5,550,360
79$7,001,550$4,212,245$3,608,665$5,968,804
80$7,687,377$4,390,314$3,701,224$6,424,219
81$8,442,266$4,576,216$3,795,992$6,920,143
82$9,273,233$4,770,307$3,893,014$7,460,466
83$10,188,009$4,972,958$3,992,336$8,049,461
84$11,195,113$5,184,560$4,094,006$8,691,831
85$12,303,931$5,405,520$4,198,072$9,392,743
86$13,524,806$5,636,265$4,304,582$10,157,882
87$14,869,136$5,877,241$4,413,585$10,993,499
88$16,349,479$6,128,917$4,525,130$11,906,471
89$17,979,672$6,391,781$4,639,269$12,904,360
90$19,774,966$6,666,345$4,756,052$13,995,489
91$21,752,163$6,953,146$4,875,530$15,189,012
92$23,929,778$7,252,745$4,997,755$16,495,004
93$26,328,216$7,565,730$5,122,780$17,924,548
94$28,969,959$7,892,715$5,250,658$19,489,844
95$31,879,781$8,234,345$5,381,442$21,204,318
96$35,084,985$8,591,294$5,515,186$23,082,744
97$38,615,653$8,964,267$5,651,945$25,141,389
98$42,504,938$9,354,005$5,791,773$27,398,154
99$46,789,370$9,761,279$5,934,725$29,872,748
100$51,509,205$10,186,901$6,080,858$32,586,866