Can I retire at age 70 with 2,810,000?

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 $2,810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$232,047$229,980$227,964$225,995$224,073$219,191
2 years$114,875$112,735$110,662$108,652$106,702$101,807
3 years$75,822$73,674$71,606$69,614$67,696$62,942
4 years$56,300$54,158$52,111$50,153$48,281$43,705
5 years$44,590$42,461$40,440$38,522$36,703$32,317
6 years$36,785$34,672$32,681$30,807$29,042$24,851
7 years$31,213$29,118$27,158$25,328$23,619$19,624
8 years$27,036$24,959$23,033$21,247$19,594$15,793
9 years$23,788$21,732$19,838$18,098$16,501$12,892
10 years$21,192$19,155$17,295$15,600$14,060$10,639
11 years$19,069$17,053$15,226$13,577$12,092$8,854
12 years$17,301$15,306$13,513$11,909$10,478$7,419
13 years$15,807$13,832$12,073$10,514$9,137$6,251
14 years$14,527$12,573$10,848$9,333$8,010$5,291
15 years$13,418$11,485$9,794$8,323$7,052$4,495
16 years$12,449$10,538$8,880$7,453$6,233$3,830
17 years$11,595$9,705$8,080$6,696$5,527$3,272
18 years$10,837$8,968$7,376$6,035$4,914$2,802
19 years$10,159$8,311$6,752$5,453$4,380$2,403
20 years$9,550$7,723$6,197$4,938$3,912$2,065
21 years$9,000$7,194$5,700$4,482$3,501$1,776
22 years$8,500$6,715$5,254$4,075$3,138$1,530
23 years$8,045$6,281$4,851$3,711$2,817$1,319
24 years$7,628$5,884$4,486$3,385$2,532$1,138
25 years$7,245$5,522$4,155$3,091$2,278$982
26 years$6,892$5,190$3,854$2,827$2,052$849
27 years$6,565$4,884$3,578$2,587$1,850$734
28 years$6,263$4,603$3,327$2,370$1,670$635
29 years$5,982$4,342$3,096$2,174$1,508$549
30 years$5,720$4,101$2,883$1,995$1,362$475
31 years$5,475$3,876$2,688$1,832$1,232$411
32 years$5,247$3,668$2,508$1,684$1,114$356
33 years$5,032$3,474$2,342$1,548$1,008$308
34 years$4,831$3,292$2,188$1,425$913$267
35 years$4,641$3,123$2,046$1,312$827$231
36 years$4,463$2,964$1,914$1,208$749$201
37 years$4,294$2,815$1,791$1,113$679$174
38 years$4,135$2,675$1,677$1,026$616$151
39 years$3,985$2,544$1,572$946$558$131
40 years$3,842$2,420$1,473$872$506$113
41 years$3,706$2,304$1,381$805$459$98
42 years$3,578$2,194$1,296$743$417$85
43 years$3,455$2,090$1,216$686$378$74
44 years$3,339$1,993$1,141$633$343$64
45 years$3,228$1,900$1,072$585$312$55
46 years$3,122$1,813$1,006$540$283$48
47 years$3,021$1,730$946$499$257$42
48 years$2,924$1,651$889$461$233$36
49 years$2,832$1,577$835$426$212$31
50 years$2,744$1,506$785$394$193$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,810,000, adding $6,894 every year, while hoping to spend $58,332 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: 80/6/14 Blend
69$2,810,000$2,810,000$2,810,000$2,810,000
70$3,103,731$2,954,801$2,911,246$3,342,818
71$3,358,247$3,037,522$2,946,708$3,583,709
72$3,636,768$3,122,340$2,981,403$3,839,787
73$3,941,682$3,209,299$3,015,244$4,119,148
74$4,275,617$3,298,438$3,048,138$4,424,101
75$4,641,468$3,389,799$3,079,988$4,757,185
76$5,042,422$3,483,423$3,110,692$5,121,199
77$5,481,991$3,579,353$3,140,142$5,519,225
78$5,964,040$3,677,627$3,168,223$5,954,659
79$6,492,830$3,778,289$3,194,816$6,431,240
80$7,073,050$3,881,377$3,219,794$6,953,088
81$7,709,869$3,986,932$3,243,025$7,524,743
82$8,408,977$4,094,993$3,264,367$8,151,204
83$9,176,644$4,205,599$3,283,675$8,837,980
84$10,019,777$4,318,788$3,300,794$9,591,140
85$10,945,983$4,434,598$3,315,559$10,417,370
86$11,963,645$4,553,065$3,327,802$11,324,037
87$13,081,995$4,674,223$3,337,341$12,319,258
88$14,311,205$4,798,107$3,343,989$13,411,976
89$15,662,482$4,924,748$3,347,547$14,612,043
90$17,148,173$5,054,179$3,347,808$15,930,317
91$18,781,881$5,186,427$3,344,553$17,378,761
92$20,578,591$5,321,520$3,337,554$18,970,555
93$22,554,815$5,459,483$3,326,570$20,720,223
94$24,728,747$5,600,339$3,311,351$22,643,770
95$27,120,430$5,744,106$3,291,632$24,758,829
96$29,751,949$5,890,802$3,267,137$27,084,833
97$32,647,638$6,040,442$3,237,576$29,643,192
98$35,834,309$6,193,035$3,202,646$32,457,502
99$39,341,503$6,348,588$3,162,030$35,553,761
100$43,201,772$6,507,105$3,115,393$38,960,619