Can I retire at age 70 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$234,525$232,436$230,397$228,408$226,466$219,656
2 years$116,101$113,939$111,843$109,812$107,841$101,038
3 years$76,632$74,460$72,370$70,357$68,419$61,835
4 years$56,901$54,736$52,667$50,689$48,797$42,484
5 years$45,066$42,914$40,872$38,934$37,094$31,069
6 years$37,178$35,042$33,030$31,136$29,352$23,618
7 years$31,546$29,429$27,448$25,598$23,871$18,430
8 years$27,324$25,226$23,278$21,474$19,803$14,651
9 years$24,042$21,964$20,050$18,291$16,677$11,809
10 years$21,418$19,360$17,480$15,767$14,210$9,618
11 years$19,273$17,235$15,389$13,722$12,221$7,898
12 years$17,486$15,469$13,657$12,036$10,590$6,528
13 years$15,975$13,980$12,202$10,626$9,235$5,423
14 years$14,682$12,707$10,963$9,433$8,095$4,524
15 years$13,561$11,608$9,899$8,412$7,128$3,787
16 years$12,582$10,650$8,974$7,532$6,300$3,179
17 years$11,719$9,808$8,166$6,768$5,586$2,675
18 years$10,953$9,063$7,455$6,099$4,966$2,255
19 years$10,268$8,400$6,825$5,511$4,427$1,904
20 years$9,652$7,806$6,263$4,991$3,954$1,610
21 years$9,096$7,271$5,761$4,530$3,538$1,363
22 years$8,591$6,787$5,310$4,119$3,172$1,155
23 years$8,131$6,348$4,903$3,751$2,847$979
24 years$7,709$5,947$4,534$3,421$2,559$831
25 years$7,322$5,581$4,199$3,124$2,303$706
26 years$6,965$5,245$3,895$2,857$2,074$599
27 years$6,635$4,937$3,617$2,615$1,870$509
28 years$6,330$4,652$3,362$2,396$1,687$433
29 years$6,046$4,388$3,129$2,197$1,524$368
30 years$5,781$4,144$2,914$2,016$1,377$313
31 years$5,534$3,918$2,717$1,852$1,245$266
32 years$5,303$3,707$2,535$1,702$1,126$227
33 years$5,086$3,511$2,367$1,565$1,019$193
34 years$4,882$3,327$2,211$1,440$923$164
35 years$4,691$3,156$2,068$1,326$836$140
36 years$4,511$2,995$1,934$1,221$757$119
37 years$4,340$2,845$1,810$1,125$686$101
38 years$4,179$2,704$1,695$1,037$622$86
39 years$4,027$2,571$1,588$956$564$73
40 years$3,883$2,446$1,489$882$512$63
41 years$3,746$2,328$1,396$813$464$53
42 years$3,616$2,217$1,309$751$421$45
43 years$3,492$2,113$1,229$693$382$39
44 years$3,374$2,014$1,153$640$347$33
45 years$3,262$1,920$1,083$591$315$28
46 years$3,155$1,832$1,017$546$286$24
47 years$3,053$1,748$956$504$260$20
48 years$2,955$1,669$898$466$236$17
49 years$2,862$1,594$844$431$214$15
50 years$2,773$1,522$794$398$195$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,840,000, adding $6,710 every year, while hoping to spend $58,244 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: 82/12/6 Blend
69$2,840,000$2,840,000$2,840,000$2,840,000
70$3,136,601$2,986,081$2,942,061$3,392,050
71$3,394,564$3,070,428$2,978,649$3,644,347
72$3,676,886$3,156,956$3,014,511$3,912,759
73$3,985,991$3,245,710$3,049,560$4,205,610
74$4,324,549$3,336,736$3,083,706$4,525,309
75$4,695,496$3,430,080$3,116,854$4,874,514
76$5,102,071$3,525,787$3,148,903$5,256,148
77$5,547,836$3,623,905$3,179,745$5,673,432
78$6,036,718$3,724,479$3,209,270$6,129,912
79$6,573,041$3,827,556$3,237,358$6,629,494
80$7,161,567$3,933,182$3,263,885$7,176,479
81$7,807,542$4,041,403$3,288,720$7,775,607
82$8,516,744$4,152,265$3,311,725$8,432,096
83$9,295,540$4,265,814$3,332,756$9,151,696
84$10,150,940$4,382,094$3,351,658$9,940,738
85$11,090,669$4,501,150$3,368,272$10,806,200
86$12,123,238$4,623,027$3,382,430$11,755,766
87$13,258,020$4,747,767$3,393,953$12,797,902
88$14,505,343$4,875,413$3,402,656$13,941,934
89$15,876,587$5,006,006$3,408,343$15,198,139
90$17,384,285$5,139,587$3,410,809$16,577,836
91$19,042,250$5,276,195$3,409,839$18,093,497
92$20,865,697$5,415,866$3,405,206$19,758,864
93$22,871,392$5,558,637$3,396,674$21,589,076
94$25,077,806$5,704,542$3,383,995$23,600,813
95$27,505,290$5,853,612$3,366,906$25,812,455
96$30,176,268$6,005,878$3,345,136$28,244,251
97$33,115,447$6,161,366$3,318,398$30,918,514
98$36,350,051$6,320,101$3,286,392$33,859,828
99$39,910,073$6,482,103$3,248,804$37,095,282
100$43,828,567$6,647,392$3,205,305$40,654,724