Can I retire at age 70 with 2,790,000?

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 $2,790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$230,396$228,343$226,341$224,387$222,479$220,522
2 years$114,057$111,933$109,874$107,878$105,942$103,971
3 years$75,283$73,149$71,096$69,119$67,214$65,289
4 years$55,899$53,773$51,740$49,796$47,938$46,073
5 years$44,272$42,158$40,152$38,248$36,441$34,643
6 years$36,524$34,425$32,449$30,587$28,835$27,105
7 years$30,991$28,910$26,965$25,148$23,450$21,790
8 years$26,843$24,782$22,869$21,096$19,454$17,864
9 years$23,619$21,577$19,697$17,969$16,383$14,862
10 years$21,041$19,019$17,172$15,489$13,960$12,506
11 years$18,933$16,931$15,118$13,480$12,006$10,619
12 years$17,178$15,197$13,417$11,824$10,404$9,082
13 years$15,694$13,733$11,987$10,439$9,072$7,815
14 years$14,423$12,483$10,770$9,266$7,953$6,758
15 years$13,323$11,404$9,724$8,264$7,002$5,868
16 years$12,361$10,463$8,816$7,400$6,189$5,113
17 years$11,513$9,636$8,023$6,648$5,487$4,469
18 years$10,760$8,904$7,324$5,992$4,879$3,916
19 years$10,087$8,252$6,704$5,414$4,349$3,439
20 years$9,482$7,668$6,153$4,903$3,884$3,025
21 years$8,936$7,143$5,660$4,450$3,476$2,666
22 years$8,440$6,667$5,216$4,046$3,116$2,353
23 years$7,987$6,236$4,816$3,685$2,797$2,079
24 years$7,573$5,843$4,454$3,361$2,514$1,839
25 years$7,193$5,483$4,125$3,069$2,262$1,629
26 years$6,843$5,153$3,826$2,806$2,038$1,443
27 years$6,519$4,850$3,553$2,569$1,837$1,280
28 years$6,218$4,570$3,303$2,354$1,658$1,136
29 years$5,939$4,311$3,074$2,158$1,497$1,009
30 years$5,679$4,071$2,863$1,981$1,353$896
31 years$5,436$3,849$2,669$1,819$1,223$797
32 years$5,209$3,642$2,490$1,672$1,106$708
33 years$4,996$3,449$2,325$1,537$1,001$630
34 years$4,797$3,269$2,173$1,415$906$561
35 years$4,608$3,100$2,031$1,302$821$499
36 years$4,431$2,943$1,900$1,199$744$444
37 years$4,264$2,795$1,778$1,105$674$396
38 years$4,106$2,656$1,665$1,018$611$352
39 years$3,956$2,526$1,560$939$554$314
40 years$3,814$2,403$1,463$866$503$280
41 years$3,680$2,287$1,371$799$456$249
42 years$3,552$2,178$1,286$738$414$222
43 years$3,431$2,076$1,207$681$376$198
44 years$3,315$1,978$1,133$629$341$176
45 years$3,205$1,887$1,064$581$309$157
46 years$3,100$1,800$999$536$281$140
47 years$2,999$1,718$939$495$255$125
48 years$2,903$1,640$882$458$232$111
49 years$2,812$1,566$829$423$210$99
50 years$2,724$1,496$780$391$191$89

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,790,000, adding $2,662 every year, while hoping to spend $27,823 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: 46/43/11 Blend
69$2,790,000$2,790,000$2,790,000$2,790,000
70$3,077,326$2,929,456$2,886,211$3,209,270
71$3,361,610$3,043,396$2,953,295$3,414,719
72$3,673,958$3,161,986$3,021,695$3,634,390
73$4,017,204$3,285,426$3,091,424$3,872,064
74$4,394,468$3,413,921$3,162,496$4,129,419
75$4,809,191$3,547,690$3,234,927$4,408,296
76$5,265,159$3,686,958$3,308,728$4,710,721
77$5,766,547$3,831,961$3,383,912$5,038,916
78$6,317,954$3,982,945$3,460,492$5,395,327
79$6,924,445$4,140,170$3,538,478$5,782,637
80$7,591,604$4,303,903$3,617,882$6,203,801
81$8,325,579$4,474,427$3,698,713$6,662,064
82$9,133,149$4,652,034$3,780,981$7,160,994
83$10,021,779$4,837,033$3,864,693$7,704,517
84$10,999,697$5,029,744$3,949,856$8,296,948
85$12,075,966$5,230,501$4,036,477$8,943,034
86$13,260,576$5,439,657$4,124,560$9,647,996
87$14,564,531$5,657,576$4,214,109$10,417,581
88$15,999,957$5,884,642$4,305,126$11,258,107
89$17,580,217$6,121,254$4,397,612$12,176,528
90$19,320,034$6,367,830$4,491,567$13,180,498
91$21,235,632$6,624,808$4,586,988$14,278,436
92$23,344,886$6,892,643$4,683,872$15,479,610
93$25,667,496$7,171,814$4,782,213$16,794,221
94$28,225,167$7,462,819$4,882,003$18,233,496
95$31,041,817$7,766,181$4,983,234$19,809,794
96$34,143,803$8,082,444$5,085,893$21,536,721
97$37,560,166$8,412,179$5,189,966$23,429,255
98$41,322,910$8,755,983$5,295,436$25,503,885
99$45,467,300$9,114,479$5,402,286$27,778,767
100$50,032,194$9,488,319$5,510,493$30,273,892