Can I retire at age 70 with 2,820,000?

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 $2,820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$232,873$230,799$228,775$226,800$224,871$221,419
2 years$115,284$113,137$111,056$109,038$107,081$103,612
3 years$76,092$73,936$71,860$69,862$67,937$64,558
4 years$56,501$54,351$52,296$50,332$48,453$45,191
5 years$44,748$42,612$40,584$38,659$36,833$33,697
6 years$36,916$34,796$32,798$30,916$29,145$26,138
7 years$31,324$29,221$27,255$25,418$23,703$20,826
8 years$27,132$25,048$23,114$21,323$19,664$16,917
9 years$23,873$21,809$19,909$18,162$16,560$13,942
10 years$21,267$19,223$17,357$15,656$14,110$11,619
11 years$19,137$17,113$15,281$13,625$12,135$9,768
12 years$17,363$15,360$13,561$11,951$10,516$8,270
13 years$15,863$13,881$12,116$10,551$9,170$7,042
14 years$14,578$12,618$10,886$9,366$8,038$6,025
15 years$13,466$11,526$9,829$8,353$7,078$5,175
16 years$12,494$10,575$8,911$7,479$6,255$4,460
17 years$11,637$9,739$8,109$6,720$5,546$3,854
18 years$10,876$9,000$7,402$6,056$4,931$3,339
19 years$10,196$8,341$6,777$5,472$4,396$2,898
20 years$9,584$7,751$6,219$4,956$3,926$2,520
21 years$9,032$7,219$5,720$4,498$3,513$2,194
22 years$8,530$6,739$5,272$4,090$3,149$1,913
23 years$8,073$6,303$4,868$3,725$2,827$1,670
24 years$7,655$5,905$4,502$3,397$2,541$1,459
25 years$7,270$5,542$4,170$3,102$2,287$1,276
26 years$6,916$5,209$3,867$2,837$2,060$1,117
27 years$6,589$4,902$3,591$2,596$1,857$978
28 years$6,285$4,619$3,338$2,379$1,676$857
29 years$6,003$4,357$3,107$2,181$1,513$751
30 years$5,740$4,115$2,894$2,002$1,367$658
31 years$5,495$3,890$2,698$1,839$1,236$577
32 years$5,265$3,681$2,517$1,690$1,118$507
33 years$5,050$3,486$2,350$1,554$1,012$445
34 years$4,848$3,304$2,196$1,430$916$391
35 years$4,658$3,134$2,053$1,316$830$343
36 years$4,479$2,974$1,921$1,212$752$301
37 years$4,310$2,825$1,798$1,117$681$265
38 years$4,150$2,685$1,683$1,029$618$232
39 years$3,999$2,553$1,577$949$560$204
40 years$3,855$2,429$1,478$875$508$180
41 years$3,719$2,312$1,386$808$461$158
42 years$3,590$2,202$1,300$745$418$139
43 years$3,467$2,098$1,220$688$380$122
44 years$3,351$2,000$1,145$635$345$107
45 years$3,239$1,907$1,075$587$313$94
46 years$3,133$1,819$1,010$542$284$83
47 years$3,032$1,736$949$501$258$73
48 years$2,935$1,657$892$463$234$64
49 years$2,842$1,583$838$428$213$56
50 years$2,753$1,512$788$395$193$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,820,000, adding $2,848 every year, while hoping to spend $28,552 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: 49/24/27 Blend
69$2,820,000$2,820,000$2,820,000$2,820,000
70$3,110,578$2,961,118$2,917,408$3,239,021
71$3,397,478$3,075,833$2,984,762$3,443,975
72$3,712,684$3,195,213$3,053,415$3,663,460
73$4,059,055$3,319,455$3,123,382$3,901,367
74$4,439,737$3,448,767$3,194,673$4,159,449
75$4,858,199$3,583,366$3,267,303$4,439,637
76$5,318,260$3,723,476$3,341,283$4,744,056
77$5,824,130$3,869,333$3,416,624$5,075,039
78$6,380,447$4,021,186$3,493,336$5,435,157
79$6,992,318$4,179,290$3,571,429$5,827,235
80$7,665,374$4,343,915$3,650,911$6,254,384
81$8,405,817$4,515,341$3,731,791$6,720,025
82$9,220,480$4,693,862$3,814,076$7,227,925
83$10,116,892$4,879,785$3,897,771$7,782,228
84$11,103,351$5,073,430$3,982,881$8,387,495
85$12,188,996$5,275,131$4,069,411$9,048,749
86$13,383,899$5,485,238$4,157,362$9,771,517
87$14,699,159$5,704,117$4,246,736$10,561,883
88$16,147,003$5,932,149$4,337,532$11,426,546
89$17,740,906$6,169,733$4,429,748$12,372,884
90$19,495,715$6,417,287$4,523,381$13,409,016
91$21,427,790$6,675,246$4,618,426$14,543,885
92$23,555,157$6,944,065$4,714,875$15,787,338
93$25,897,679$7,224,221$4,812,720$17,150,219
94$28,477,246$7,516,211$4,911,950$18,644,468
95$31,317,976$7,820,556$5,012,551$20,283,238
96$34,446,446$8,137,799$5,114,508$22,081,011
97$37,891,941$8,468,510$5,217,802$24,053,740
98$41,686,734$8,813,282$5,322,413$26,218,996
99$45,866,386$9,172,737$5,428,318$28,596,129
100$50,470,081$9,547,525$5,535,491$31,206,456