Can I retire at age 70 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$237,002$234,891$232,831$230,821$228,858$223,054
2 years$117,328$115,143$113,025$110,972$108,980$103,170
3 years$77,441$75,247$73,135$71,101$69,141$63,507
4 years$57,502$55,314$53,223$51,224$49,312$43,898
5 years$45,542$43,367$41,303$39,345$37,486$32,306
6 years$37,571$35,413$33,379$31,464$29,662$24,721
7 years$31,880$29,739$27,738$25,869$24,123$19,422
8 years$27,613$25,492$23,524$21,701$20,012$15,549
9 years$24,296$22,196$20,261$18,484$16,853$12,624
10 years$21,645$19,564$17,664$15,933$14,360$10,359
11 years$19,476$17,417$15,551$13,867$12,350$8,573
12 years$17,671$15,632$13,802$12,163$10,702$7,141
13 years$16,144$14,127$12,331$10,738$9,332$5,981
14 years$14,837$12,841$11,079$9,532$8,181$5,031
15 years$13,705$11,731$10,003$8,501$7,203$4,247
16 years$12,715$10,763$9,069$7,612$6,366$3,596
17 years$11,843$9,912$8,253$6,839$5,645$3,052
18 years$11,068$9,159$7,534$6,163$5,019$2,596
19 years$10,376$8,489$6,897$5,569$4,473$2,212
20 years$9,754$7,888$6,329$5,044$3,996$1,888
21 years$9,192$7,347$5,822$4,578$3,576$1,613
22 years$8,682$6,859$5,366$4,162$3,205$1,379
23 years$8,216$6,415$4,954$3,791$2,877$1,181
24 years$7,791$6,010$4,582$3,457$2,586$1,012
25 years$7,399$5,640$4,244$3,157$2,327$867
26 years$7,039$5,301$3,936$2,887$2,096$744
27 years$6,706$4,989$3,655$2,642$1,890$638
28 years$6,397$4,701$3,398$2,421$1,705$548
29 years$6,110$4,435$3,162$2,220$1,540$471
30 years$5,842$4,188$2,945$2,038$1,391$404
31 years$5,592$3,959$2,746$1,871$1,258$347
32 years$5,359$3,746$2,562$1,720$1,138$298
33 years$5,140$3,548$2,392$1,581$1,030$257
34 years$4,934$3,362$2,235$1,455$932$221
35 years$4,741$3,189$2,089$1,340$844$190
36 years$4,558$3,027$1,955$1,234$765$163
37 years$4,386$2,875$1,829$1,137$693$140
38 years$4,224$2,732$1,713$1,048$629$121
39 years$4,070$2,598$1,605$966$570$104
40 years$3,924$2,472$1,504$891$517$89
41 years$3,785$2,353$1,411$822$469$77
42 years$3,654$2,241$1,323$759$426$66
43 years$3,529$2,135$1,242$700$386$57
44 years$3,410$2,035$1,166$647$351$49
45 years$3,297$1,941$1,094$597$318$42
46 years$3,188$1,851$1,028$552$289$36
47 years$3,085$1,767$966$510$262$31
48 years$2,987$1,687$907$471$238$27
49 years$2,892$1,611$853$435$216$23
50 years$2,802$1,539$802$402$197$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,870,000, adding $2,771 every year, while hoping to spend $39,156 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: 41/36/23 Blend
69$2,870,000$2,870,000$2,870,000$2,870,000
70$3,165,598$3,013,488$2,969,003$3,273,849
71$3,446,828$3,119,488$3,026,803$3,457,673
72$3,755,430$3,229,368$3,085,227$3,652,577
73$4,094,156$3,343,280$3,144,255$3,862,760
74$4,466,036$3,461,376$3,203,863$4,089,644
75$4,874,407$3,583,820$3,264,028$4,334,792
76$5,322,947$3,710,777$3,324,723$4,599,922
77$5,815,705$3,842,422$3,385,919$4,886,925
78$6,357,144$3,978,938$3,447,584$5,197,875
79$6,952,179$4,120,512$3,509,684$5,535,059
80$7,606,225$4,267,341$3,572,183$5,900,988
81$8,325,250$4,419,630$3,635,040$6,298,426
82$9,115,825$4,577,592$3,698,214$6,730,414
83$9,985,193$4,741,448$3,761,658$7,200,295
84$10,941,333$4,911,429$3,825,324$7,711,751
85$11,993,035$5,087,775$3,889,158$8,268,832
86$13,149,984$5,270,736$3,953,105$8,875,995
87$14,422,853$5,460,573$4,017,104$9,538,146
88$15,823,399$5,657,555$4,081,092$10,260,684
89$17,364,577$5,861,967$4,145,000$11,049,554
90$19,060,661$6,074,101$4,208,755$11,911,298
91$20,927,381$6,294,264$4,272,281$12,853,121
92$22,982,066$6,522,775$4,335,494$13,882,953
93$25,243,811$6,759,966$4,398,308$15,009,528
94$27,733,659$7,006,183$4,460,630$16,242,461
95$30,474,792$7,261,786$4,522,361$17,592,340
96$33,492,758$7,527,151$4,583,398$19,070,824
97$36,815,708$7,802,670$4,643,630$20,690,755
98$40,474,659$8,088,749$4,702,940$22,466,273
99$44,503,791$8,385,815$4,761,206$24,412,953
100$48,940,767$8,694,309$4,818,296$26,547,948