Can I retire at age 70 with 2,800,000?

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 $2,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$231,221$229,162$227,152$225,191$223,276$221,128
2 years$114,466$112,334$110,268$108,265$106,322$104,158
3 years$75,553$73,412$71,351$69,366$67,455$65,343
4 years$56,100$53,965$51,925$49,975$48,109$46,065
5 years$44,431$42,309$40,296$38,385$36,572$34,601
6 years$36,655$34,549$32,565$30,697$28,938$27,043
7 years$31,102$29,014$27,062$25,238$23,535$21,716
8 years$26,940$24,870$22,951$21,171$19,524$17,783
9 years$23,704$21,654$19,767$18,033$16,442$14,777
10 years$21,117$19,087$17,234$15,545$14,010$12,419
11 years$19,001$16,992$15,172$13,529$12,049$10,532
12 years$17,240$15,251$13,465$11,866$10,441$8,997
13 years$15,750$13,783$12,030$10,476$9,105$7,732
14 years$14,475$12,528$10,809$9,300$7,981$6,677
15 years$13,370$11,445$9,759$8,294$7,027$5,790
16 years$12,405$10,500$8,848$7,426$6,211$5,038
17 years$11,554$9,670$8,051$6,672$5,507$4,397
18 years$10,799$8,936$7,350$6,013$4,896$3,847
19 years$10,123$8,282$6,728$5,433$4,364$3,374
20 years$9,516$7,696$6,175$4,921$3,898$2,964
21 years$8,968$7,168$5,680$4,466$3,489$2,608
22 years$8,470$6,691$5,235$4,061$3,127$2,298
23 years$8,016$6,258$4,833$3,698$2,807$2,028
24 years$7,601$5,864$4,470$3,373$2,523$1,791
25 years$7,219$5,503$4,140$3,080$2,270$1,584
26 years$6,867$5,172$3,840$2,816$2,045$1,401
27 years$6,542$4,867$3,566$2,578$1,844$1,241
28 years$6,241$4,586$3,315$2,362$1,664$1,099
29 years$5,961$4,327$3,085$2,166$1,502$975
30 years$5,700$4,086$2,873$1,988$1,357$864
31 years$5,456$3,863$2,679$1,826$1,227$767
32 years$5,228$3,655$2,499$1,678$1,110$681
33 years$5,014$3,461$2,334$1,543$1,005$605
34 years$4,814$3,280$2,180$1,420$910$537
35 years$4,625$3,111$2,038$1,307$824$477
36 years$4,447$2,953$1,907$1,204$746$424
37 years$4,279$2,805$1,785$1,109$677$377
38 years$4,120$2,666$1,671$1,022$613$335
39 years$3,970$2,535$1,566$942$556$298
40 years$3,828$2,412$1,468$869$504$265
41 years$3,693$2,296$1,376$802$458$236
42 years$3,565$2,186$1,291$740$415$210
43 years$3,443$2,083$1,211$683$377$187
44 years$3,327$1,986$1,137$631$342$166
45 years$3,216$1,893$1,068$583$311$148
46 years$3,111$1,806$1,003$538$282$132
47 years$3,010$1,724$942$497$256$117
48 years$2,914$1,646$885$459$233$104
49 years$2,822$1,571$832$425$211$93
50 years$2,734$1,501$782$392$192$83

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,800,000, adding $2,733 every year, while hoping to spend $43,778 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: 37/36/27 Blend
69$2,800,000$2,800,000$2,800,000$2,800,000
70$3,088,419$2,940,019$2,896,619$3,177,646
71$3,356,858$3,037,501$2,947,076$3,341,175
72$3,651,211$3,138,291$2,997,757$3,513,494
73$3,974,075$3,242,507$3,048,621$3,698,785
74$4,328,309$3,350,269$3,099,629$3,898,250
75$4,717,065$3,461,701$3,150,735$4,113,207
76$5,143,813$3,576,931$3,201,892$4,345,107
77$5,612,375$3,696,095$3,253,049$4,595,545
78$6,126,964$3,819,330$3,304,153$4,866,276
79$6,692,218$3,946,781$3,355,146$5,159,230
80$7,313,248$4,078,596$3,405,966$5,476,530
81$7,995,683$4,214,931$3,456,549$5,820,511
82$8,745,725$4,355,945$3,506,826$6,193,744
83$9,570,208$4,501,805$3,556,724$6,599,058
84$10,476,659$4,652,684$3,606,164$7,039,566
85$11,473,372$4,808,760$3,655,065$7,518,693
86$12,569,486$4,970,218$3,703,339$8,040,212
87$13,775,066$5,137,252$3,750,894$8,608,274
88$15,101,206$5,310,060$3,797,632$9,227,451
89$16,560,126$5,488,850$3,843,449$9,902,775
90$18,165,291$5,673,836$3,888,238$10,639,786
91$19,931,539$5,865,242$3,931,881$11,444,587
92$21,875,215$6,063,298$3,974,259$12,323,897
93$24,014,332$6,268,245$4,015,242$13,285,114
94$26,368,737$6,480,332$4,054,695$14,336,388
95$28,960,296$6,699,816$4,092,475$15,486,691
96$31,813,106$6,926,967$4,128,433$16,745,910
97$34,953,716$7,162,062$4,162,409$18,124,930
98$38,411,382$7,405,390$4,194,237$19,635,742
99$42,218,341$7,657,251$4,223,741$21,291,556
100$46,410,112$7,917,958$4,250,737$23,106,920