Can I retire at age 70 with 2,780,000?

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 $2,780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$229,570$227,525$225,530$223,583$221,681$215,884
2 years$113,648$111,532$109,481$107,492$105,562$99,762
3 years$75,013$72,887$70,841$68,871$66,973$61,350
4 years$55,699$53,580$51,554$49,618$47,766$42,363
5 years$44,114$42,007$40,008$38,111$36,311$31,144
6 years$36,393$34,302$32,333$30,478$28,732$23,806
7 years$30,880$28,807$26,869$25,057$23,366$18,682
8 years$26,747$24,693$22,787$21,020$19,385$14,939
9 years$23,534$21,500$19,626$17,904$16,325$12,114
10 years$20,966$18,951$17,110$15,434$13,909$9,929
11 years$18,866$16,871$15,064$13,432$11,963$8,206
12 years$17,117$15,142$13,369$11,782$10,367$6,827
13 years$15,638$13,684$11,944$10,401$9,040$5,710
14 years$14,372$12,439$10,732$9,233$7,924$4,796
15 years$13,275$11,363$9,689$8,234$6,977$4,043
16 years$12,316$10,425$8,785$7,373$6,166$3,419
17 years$11,472$9,601$7,994$6,625$5,468$2,898
18 years$10,721$8,872$7,297$5,970$4,862$2,461
19 years$10,051$8,222$6,680$5,395$4,333$2,094
20 years$9,448$7,641$6,131$4,886$3,870$1,784
21 years$8,904$7,117$5,639$4,434$3,464$1,522
22 years$8,409$6,643$5,197$4,032$3,105$1,299
23 years$7,959$6,213$4,799$3,672$2,787$1,111
24 years$7,546$5,822$4,438$3,349$2,505$950
25 years$7,167$5,463$4,111$3,058$2,254$813
26 years$6,818$5,135$3,812$2,796$2,030$696
27 years$6,495$4,832$3,540$2,560$1,831$596
28 years$6,196$4,553$3,291$2,345$1,652$511
29 years$5,918$4,296$3,063$2,151$1,491$438
30 years$5,659$4,057$2,853$1,974$1,348$376
31 years$5,417$3,835$2,659$1,813$1,218$322
32 years$5,191$3,629$2,481$1,666$1,102$277
33 years$4,979$3,436$2,317$1,532$997$237
34 years$4,779$3,257$2,165$1,409$903$204
35 years$4,592$3,089$2,024$1,298$818$175
36 years$4,415$2,932$1,893$1,195$741$150
37 years$4,249$2,785$1,772$1,101$672$129
38 years$4,091$2,647$1,659$1,015$609$111
39 years$3,942$2,517$1,555$936$552$95
40 years$3,801$2,394$1,457$863$501$82
41 years$3,667$2,279$1,366$796$454$70
42 years$3,539$2,171$1,282$735$412$60
43 years$3,418$2,068$1,203$678$374$52
44 years$3,303$1,971$1,129$626$340$44
45 years$3,193$1,880$1,060$578$308$38
46 years$3,088$1,793$996$534$280$33
47 years$2,989$1,711$935$494$254$28
48 years$2,893$1,634$879$456$231$24
49 years$2,802$1,560$826$422$210$21
50 years$2,714$1,490$777$390$190$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,780,000, adding $2,355 every year, while hoping to spend $42,459 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: 83/9/8 Blend
69$2,780,000$2,780,000$2,780,000$2,780,000
70$3,065,989$2,918,649$2,875,559$3,317,416
71$3,333,544$3,016,487$2,926,714$3,579,972
72$3,626,966$3,117,696$2,978,160$3,862,293
73$3,948,850$3,222,396$3,029,862$4,171,001
74$4,302,052$3,330,712$3,081,781$4,508,718
75$4,689,718$3,442,774$3,133,878$4,878,331
76$5,115,315$3,558,716$3,186,109$5,283,020
77$5,582,662$3,678,678$3,238,428$5,726,287
78$6,095,964$3,802,803$3,290,785$6,211,989
79$6,659,854$3,931,243$3,343,129$6,744,373
80$7,279,438$4,064,152$3,395,402$7,328,119
81$7,960,338$4,201,693$3,447,545$7,968,379
82$8,708,749$4,344,032$3,499,495$8,670,833
83$9,531,496$4,491,345$3,551,183$9,441,732
84$10,436,099$4,643,811$3,602,538$10,287,966
85$11,430,842$4,801,619$3,653,484$11,217,124
86$12,524,852$4,964,962$3,703,939$12,237,565
87$13,728,185$5,134,043$3,753,819$13,358,500
88$15,051,920$5,309,072$3,803,033$14,590,076
89$16,508,266$5,490,266$3,851,484$15,943,471
90$18,110,672$5,677,852$3,899,071$17,431,000
91$19,873,957$5,872,064$3,945,687$19,066,232
92$21,814,452$6,073,146$3,991,219$20,864,117
93$23,950,148$6,281,352$4,035,547$22,841,125
94$26,300,870$6,496,945$4,078,544$25,015,403
95$28,888,461$6,720,197$4,120,078$27,406,947
96$31,736,991$6,951,394$4,160,007$30,037,787
97$34,872,981$7,190,829$4,198,184$32,932,196
98$38,325,654$7,438,809$4,234,453$36,116,921
99$42,127,213$7,695,653$4,268,649$39,621,433
100$46,313,139$7,961,690$4,300,600$43,478,201