Can I retire at age 70 with 2,830,000?

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 $2,830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$233,699$231,617$229,586$227,604$225,668$222,021
2 years$115,692$113,538$111,450$109,425$107,461$103,797
3 years$76,362$74,198$72,115$70,110$68,178$64,610
4 years$56,701$54,544$52,481$50,510$48,625$45,182
5 years$44,907$42,763$40,728$38,797$36,964$33,655
6 years$37,047$34,919$32,914$31,026$29,248$26,077
7 years$31,435$29,325$27,352$25,508$23,787$20,755
8 years$27,228$25,137$23,196$21,398$19,733$16,840
9 years$23,958$21,886$19,979$18,226$16,618$13,862
10 years$21,343$19,292$17,418$15,711$14,160$11,538
11 years$19,205$17,174$15,335$13,674$12,178$9,688
12 years$17,424$15,415$13,609$11,994$10,553$8,191
13 years$15,919$13,930$12,159$10,589$9,202$6,966
14 years$14,630$12,662$10,925$9,399$8,067$5,952
15 years$13,514$11,567$9,864$8,383$7,103$5,106
16 years$12,538$10,613$8,943$7,506$6,277$4,394
17 years$11,678$9,774$8,138$6,744$5,566$3,792
18 years$10,914$9,032$7,429$6,077$4,949$3,280
19 years$10,232$8,370$6,801$5,492$4,411$2,843
20 years$9,618$7,778$6,241$4,974$3,940$2,468
21 years$9,064$7,245$5,741$4,514$3,526$2,146
22 years$8,561$6,763$5,291$4,104$3,160$1,868
23 years$8,102$6,325$4,885$3,738$2,837$1,628
24 years$7,682$5,926$4,518$3,409$2,550$1,420
25 years$7,296$5,562$4,185$3,113$2,295$1,240
26 years$6,941$5,227$3,881$2,847$2,067$1,083
27 years$6,612$4,919$3,604$2,606$1,863$947
28 years$6,307$4,635$3,350$2,387$1,681$828
29 years$6,024$4,373$3,118$2,189$1,518$725
30 years$5,761$4,130$2,904$2,009$1,372$635
31 years$5,514$3,904$2,707$1,845$1,240$556
32 years$5,284$3,694$2,526$1,696$1,122$487
33 years$5,068$3,498$2,359$1,559$1,015$427
34 years$4,865$3,316$2,204$1,435$919$374
35 years$4,674$3,145$2,060$1,321$833$328
36 years$4,495$2,985$1,927$1,216$754$287
37 years$4,325$2,835$1,804$1,121$684$252
38 years$4,165$2,694$1,689$1,033$620$221
39 years$4,013$2,562$1,583$953$562$194
40 years$3,869$2,437$1,483$879$510$170
41 years$3,733$2,320$1,391$811$463$149
42 years$3,603$2,210$1,305$748$420$131
43 years$3,480$2,105$1,224$691$381$115
44 years$3,362$2,007$1,149$638$346$101
45 years$3,251$1,914$1,079$589$314$89
46 years$3,144$1,826$1,014$544$285$78
47 years$3,042$1,742$952$503$259$68
48 years$2,945$1,663$895$464$235$60
49 years$2,852$1,588$841$429$213$53
50 years$2,763$1,517$791$397$194$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,830,000, adding $6,891 every year, while hoping to spend $36,660 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: 78/14/8 Blend
69$2,830,000$2,830,000$2,830,000$2,830,000
70$3,125,768$2,975,778$2,931,913$3,365,585
71$3,405,590$3,082,585$2,991,126$3,630,800
72$3,712,726$3,193,397$3,051,094$3,916,142
73$4,049,922$3,308,372$3,111,804$4,228,000
74$4,420,205$3,427,673$3,173,240$4,568,997
75$4,826,908$3,551,471$3,235,386$4,942,022
76$5,273,704$3,679,944$3,298,222$5,350,257
77$5,764,638$3,813,278$3,361,729$5,797,204
78$6,304,167$3,951,665$3,425,883$6,286,722
79$6,897,202$4,095,306$3,490,660$6,823,058
80$7,549,152$4,244,411$3,556,033$7,410,890
81$8,265,976$4,399,198$3,621,971$8,055,372
82$9,054,241$4,559,894$3,688,442$8,762,178
83$9,921,181$4,726,736$3,755,412$9,537,558
84$10,874,766$4,899,971$3,822,843$10,388,397
85$11,923,777$5,079,855$3,890,693$11,322,277
86$13,077,892$5,266,657$3,958,921$12,347,551
87$14,347,769$5,460,655$4,027,477$13,473,420
88$15,745,156$5,662,141$4,096,311$14,710,019
89$17,282,994$5,871,419$4,165,370$16,068,513
90$18,975,545$6,088,804$4,234,596$17,561,202
91$20,838,520$6,314,625$4,303,925$19,201,635
92$22,889,235$6,549,228$4,373,292$21,004,740
93$25,146,766$6,792,969$4,442,626$22,986,962
94$27,632,135$7,046,222$4,511,853$25,166,418
95$30,368,503$7,309,378$4,580,890$27,563,070
96$33,381,394$7,582,842$4,649,654$30,198,907
97$36,698,933$7,867,037$4,718,054$33,098,161
98$40,352,108$8,162,407$4,785,993$36,287,525
99$44,375,069$8,469,410$4,853,370$39,796,411
100$48,805,444$8,788,529$4,920,075$43,657,226