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%15.5%
1 years$230,396$228,343$226,341$224,387$222,479$217,454
2 years$114,057$111,933$109,874$107,878$105,942$100,907
3 years$75,283$73,149$71,096$69,119$67,214$62,325
4 years$55,899$53,773$51,740$49,796$47,938$43,233
5 years$44,272$42,158$40,152$38,248$36,441$31,934
6 years$36,524$34,425$32,449$30,587$28,835$24,530
7 years$30,991$28,910$26,965$25,148$23,450$19,348
8 years$26,843$24,782$22,869$21,096$19,454$15,553
9 years$23,619$21,577$19,697$17,969$16,383$12,681
10 years$21,041$19,019$17,172$15,489$13,960$10,451
11 years$18,933$16,931$15,118$13,480$12,006$8,687
12 years$17,178$15,197$13,417$11,824$10,404$7,270
13 years$15,694$13,733$11,987$10,439$9,072$6,117
14 years$14,423$12,483$10,770$9,266$7,953$5,170
15 years$13,323$11,404$9,724$8,264$7,002$4,386
16 years$12,361$10,463$8,816$7,400$6,189$3,732
17 years$11,513$9,636$8,023$6,648$5,487$3,184
18 years$10,760$8,904$7,324$5,992$4,879$2,722
19 years$10,087$8,252$6,704$5,414$4,349$2,332
20 years$9,482$7,668$6,153$4,903$3,884$2,000
21 years$8,936$7,143$5,660$4,450$3,476$1,718
22 years$8,440$6,667$5,216$4,046$3,116$1,477
23 years$7,987$6,236$4,816$3,685$2,797$1,272
24 years$7,573$5,843$4,454$3,361$2,514$1,096
25 years$7,193$5,483$4,125$3,069$2,262$944
26 years$6,843$5,153$3,826$2,806$2,038$815
27 years$6,519$4,850$3,553$2,569$1,837$703
28 years$6,218$4,570$3,303$2,354$1,658$607
29 years$5,939$4,311$3,074$2,158$1,497$524
30 years$5,679$4,071$2,863$1,981$1,353$453
31 years$5,436$3,849$2,669$1,819$1,223$391
32 years$5,209$3,642$2,490$1,672$1,106$338
33 years$4,996$3,449$2,325$1,537$1,001$293
34 years$4,797$3,269$2,173$1,415$906$253
35 years$4,608$3,100$2,031$1,302$821$219
36 years$4,431$2,943$1,900$1,199$744$189
37 years$4,264$2,795$1,778$1,105$674$164
38 years$4,106$2,656$1,665$1,018$611$142
39 years$3,956$2,526$1,560$939$554$123
40 years$3,814$2,403$1,463$866$503$106
41 years$3,680$2,287$1,371$799$456$92
42 years$3,552$2,178$1,286$738$414$79
43 years$3,431$2,076$1,207$681$376$69
44 years$3,315$1,978$1,133$629$341$60
45 years$3,205$1,887$1,064$581$309$52
46 years$3,100$1,800$999$536$281$45
47 years$2,999$1,718$939$495$255$39
48 years$2,903$1,640$882$458$232$33
49 years$2,812$1,566$829$423$210$29
50 years$2,724$1,496$780$391$191$25

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 $6,766 every year, while hoping to spend $54,623 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: 76/14/10 Blend
69$2,790,000$2,790,000$2,790,000$2,790,000
70$3,081,559$2,933,689$2,890,444$3,309,824
71$3,337,760$3,019,321$2,929,156$3,546,685
72$3,618,262$3,107,319$2,967,333$3,798,641
73$3,925,487$3,197,740$3,004,901$4,073,276
74$4,262,101$3,290,644$3,041,780$4,372,823
75$4,631,041$3,386,091$3,077,885$4,699,742
76$5,035,540$3,484,142$3,113,127$5,056,742
77$5,479,160$3,584,860$3,147,411$5,446,805
78$5,965,824$3,688,308$3,180,639$5,873,216
79$6,499,853$3,794,550$3,212,706$6,339,593
80$7,086,007$3,903,652$3,243,501$6,849,919
81$7,729,529$4,015,679$3,272,907$7,408,585
82$8,436,193$4,130,700$3,300,801$8,020,424
83$9,212,362$4,248,782$3,327,055$8,690,762
84$10,065,044$4,369,993$3,351,533$9,425,464
85$11,001,960$4,494,404$3,374,090$10,230,993
86$12,031,615$4,622,085$3,394,577$11,114,466
87$13,163,379$4,753,107$3,412,836$12,083,726
88$14,407,577$4,887,542$3,428,699$13,147,413
89$15,775,581$5,025,463$3,441,991$14,315,044
90$17,279,922$5,166,942$3,452,530$15,597,108
91$18,934,406$5,312,054$3,460,121$17,005,156
92$20,754,242$5,460,872$3,464,563$18,551,919
93$22,756,191$5,613,471$3,465,642$20,251,421
94$24,958,717$5,769,925$3,463,135$22,119,116
95$27,382,164$5,930,310$3,456,808$24,172,029
96$30,048,949$6,094,699$3,446,415$26,428,921
97$32,983,771$6,263,168$3,431,699$28,910,462
98$36,213,844$6,435,792$3,412,390$31,639,429
99$39,769,155$6,612,645$3,388,204$34,640,917
100$43,682,745$6,793,801$3,358,845$37,942,580