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%12.8%
1 years$231,221$229,162$227,152$225,191$223,276$220,669
2 years$114,466$112,334$110,268$108,265$106,322$103,698
3 years$75,553$73,412$71,351$69,366$67,455$64,895
4 years$56,100$53,965$51,925$49,975$48,109$45,634
5 years$44,431$42,309$40,296$38,385$36,572$34,188
6 years$36,655$34,549$32,565$30,697$28,938$26,648
7 years$31,102$29,014$27,062$25,238$23,535$21,340
8 years$26,940$24,870$22,951$21,171$19,524$17,424
9 years$23,704$21,654$19,767$18,033$16,442$14,437
10 years$21,117$19,087$17,234$15,545$14,010$12,097
11 years$19,001$16,992$15,172$13,529$12,049$10,227
12 years$17,240$15,251$13,465$11,866$10,441$8,709
13 years$15,750$13,783$12,030$10,476$9,105$7,460
14 years$14,475$12,528$10,809$9,300$7,981$6,421
15 years$13,370$11,445$9,759$8,294$7,027$5,549
16 years$12,405$10,500$8,848$7,426$6,211$4,812
17 years$11,554$9,670$8,051$6,672$5,507$4,185
18 years$10,799$8,936$7,350$6,013$4,896$3,649
19 years$10,123$8,282$6,728$5,433$4,364$3,188
20 years$9,516$7,696$6,175$4,921$3,898$2,791
21 years$8,968$7,168$5,680$4,466$3,489$2,446
22 years$8,470$6,691$5,235$4,061$3,127$2,148
23 years$8,016$6,258$4,833$3,698$2,807$1,888
24 years$7,601$5,864$4,470$3,373$2,523$1,661
25 years$7,219$5,503$4,140$3,080$2,270$1,463
26 years$6,867$5,172$3,840$2,816$2,045$1,289
27 years$6,542$4,867$3,566$2,578$1,844$1,137
28 years$6,241$4,586$3,315$2,362$1,664$1,003
29 years$5,961$4,327$3,085$2,166$1,502$886
30 years$5,700$4,086$2,873$1,988$1,357$783
31 years$5,456$3,863$2,679$1,826$1,227$692
32 years$5,228$3,655$2,499$1,678$1,110$611
33 years$5,014$3,461$2,334$1,543$1,005$541
34 years$4,814$3,280$2,180$1,420$910$478
35 years$4,625$3,111$2,038$1,307$824$423
36 years$4,447$2,953$1,907$1,204$746$375
37 years$4,279$2,805$1,785$1,109$677$332
38 years$4,120$2,666$1,671$1,022$613$294
39 years$3,970$2,535$1,566$942$556$260
40 years$3,828$2,412$1,468$869$504$230
41 years$3,693$2,296$1,376$802$458$204
42 years$3,565$2,186$1,291$740$415$181
43 years$3,443$2,083$1,211$683$377$160
44 years$3,327$1,986$1,137$631$342$142
45 years$3,216$1,893$1,068$583$311$126
46 years$3,111$1,806$1,003$538$282$111
47 years$3,010$1,724$942$497$256$99
48 years$2,914$1,646$885$459$233$87
49 years$2,822$1,571$832$425$211$77
50 years$2,734$1,501$782$392$192$69

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 $5,420 every year, while hoping to spend $57,697 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: 76/11/13 Blend
69$2,800,000$2,800,000$2,800,000$2,800,000
70$3,091,191$2,942,791$2,899,391$3,317,562
71$3,345,103$3,025,598$2,935,131$3,550,421
72$3,622,981$3,110,530$2,970,135$3,797,821
73$3,927,207$3,197,628$3,004,317$4,067,434
74$4,260,407$3,286,937$3,037,587$4,361,450
75$4,625,471$3,378,499$3,069,848$4,682,284
76$5,025,583$3,472,359$3,101,002$5,032,592
77$5,464,247$3,568,560$3,130,941$5,415,303
78$5,945,327$3,667,145$3,159,553$5,833,640
79$6,473,073$3,768,159$3,186,721$6,291,154
80$7,052,172$3,871,644$3,212,322$6,791,758
81$7,687,782$3,977,643$3,236,223$7,339,759
82$8,385,588$4,086,200$3,258,289$7,939,907
83$9,151,850$4,197,355$3,278,373$8,597,428
84$9,993,464$4,311,152$3,296,325$9,318,085
85$10,918,030$4,427,630$3,311,984$10,108,224
86$11,933,916$4,546,831$3,325,182$10,974,837
87$13,050,343$4,668,794$3,335,744$11,925,628
88$14,277,470$4,793,556$3,343,483$12,969,085
89$15,626,487$4,921,156$3,348,204$14,114,558
90$17,109,724$5,051,628$3,349,705$15,372,351
91$18,740,766$5,185,008$3,347,770$16,753,816
92$20,534,579$5,321,327$3,342,175$18,271,461
93$22,507,651$5,460,617$3,332,683$19,939,070
94$24,678,150$5,602,907$3,319,047$21,771,827
95$27,066,095$5,748,223$3,301,008$23,786,467
96$29,693,539$5,896,588$3,278,294$26,001,427
97$32,584,783$6,048,024$3,250,620$28,437,025
98$35,766,603$6,202,550$3,217,688$31,115,647
99$39,268,502$6,360,179$3,179,186$34,061,963
100$43,122,985$6,520,924$3,134,785$37,303,155