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%17.7%
1 years$237,002$234,891$232,831$230,821$228,858$221,709
2 years$117,328$115,143$113,025$110,972$108,980$101,842
3 years$77,441$75,247$73,135$71,101$69,141$62,237
4 years$57,502$55,314$53,223$51,224$49,312$42,695
5 years$45,542$43,367$41,303$39,345$37,486$31,174
6 years$37,571$35,413$33,379$31,464$29,662$23,660
7 years$31,880$29,739$27,738$25,869$24,123$18,431
8 years$27,613$25,492$23,524$21,701$20,012$14,626
9 years$24,296$22,196$20,261$18,484$16,853$11,767
10 years$21,645$19,564$17,664$15,933$14,360$9,566
11 years$19,476$17,417$15,551$13,867$12,350$7,840
12 years$17,671$15,632$13,802$12,163$10,702$6,467
13 years$16,144$14,127$12,331$10,738$9,332$5,361
14 years$14,837$12,841$11,079$9,532$8,181$4,463
15 years$13,705$11,731$10,003$8,501$7,203$3,728
16 years$12,715$10,763$9,069$7,612$6,366$3,123
17 years$11,843$9,912$8,253$6,839$5,645$2,622
18 years$11,068$9,159$7,534$6,163$5,019$2,206
19 years$10,376$8,489$6,897$5,569$4,473$1,858
20 years$9,754$7,888$6,329$5,044$3,996$1,568
21 years$9,192$7,347$5,822$4,578$3,576$1,324
22 years$8,682$6,859$5,366$4,162$3,205$1,119
23 years$8,216$6,415$4,954$3,791$2,877$947
24 years$7,791$6,010$4,582$3,457$2,586$801
25 years$7,399$5,640$4,244$3,157$2,327$679
26 years$7,039$5,301$3,936$2,887$2,096$575
27 years$6,706$4,989$3,655$2,642$1,890$488
28 years$6,397$4,701$3,398$2,421$1,705$414
29 years$6,110$4,435$3,162$2,220$1,540$351
30 years$5,842$4,188$2,945$2,038$1,391$298
31 years$5,592$3,959$2,746$1,871$1,258$253
32 years$5,359$3,746$2,562$1,720$1,138$214
33 years$5,140$3,548$2,392$1,581$1,030$182
34 years$4,934$3,362$2,235$1,455$932$155
35 years$4,741$3,189$2,089$1,340$844$131
36 years$4,558$3,027$1,955$1,234$765$111
37 years$4,386$2,875$1,829$1,137$693$95
38 years$4,224$2,732$1,713$1,048$629$80
39 years$4,070$2,598$1,605$966$570$68
40 years$3,924$2,472$1,504$891$517$58
41 years$3,785$2,353$1,411$822$469$49
42 years$3,654$2,241$1,323$759$426$42
43 years$3,529$2,135$1,242$700$386$36
44 years$3,410$2,035$1,166$647$351$30
45 years$3,297$1,941$1,094$597$318$26
46 years$3,188$1,851$1,028$552$289$22
47 years$3,085$1,767$966$510$262$19
48 years$2,987$1,687$907$471$238$16
49 years$2,892$1,611$853$435$216$13
50 years$2,802$1,539$802$402$197$11

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 $2,892 every year, while hoping to spend $32,382 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: 68/12/20 Blend
69$2,870,000$2,870,000$2,870,000$2,870,000
70$3,165,723$3,013,613$2,969,128$3,365,094
71$3,454,173$3,126,826$3,034,140$3,612,004
72$3,770,959$3,244,501$3,100,244$3,877,956
73$4,118,938$3,366,822$3,167,443$4,168,097
74$4,501,255$3,493,983$3,235,739$4,484,809
75$4,921,379$3,626,183$3,305,131$4,830,715
76$5,383,126$3,763,633$3,375,619$5,208,702
77$5,890,704$3,906,550$3,447,202$5,621,951
78$6,448,747$4,055,163$3,519,875$6,073,963
79$7,062,363$4,209,709$3,593,634$6,568,593
80$7,737,176$4,370,437$3,668,473$7,110,087
81$8,479,386$4,537,606$3,744,385$7,703,120
82$9,295,821$4,711,487$3,821,359$8,352,844
83$10,194,006$4,892,361$3,899,386$9,064,930
84$11,182,231$5,080,523$3,978,452$9,845,624
85$12,269,631$5,276,281$4,058,542$10,701,808
86$13,466,270$5,479,955$4,139,640$11,641,060
87$14,783,238$5,691,882$4,221,727$12,671,730
88$16,232,755$5,912,410$4,304,781$13,803,013
89$17,828,283$6,141,905$4,388,778$15,045,039
90$19,584,658$6,380,749$4,473,693$16,408,970
91$21,518,227$6,629,340$4,559,496$17,907,098
92$23,647,003$6,888,094$4,646,155$19,552,966
93$25,990,831$7,157,445$4,733,636$21,361,497
94$28,571,583$7,437,847$4,821,900$23,349,126
95$31,413,357$7,729,774$4,910,905$25,533,964
96$34,542,707$8,033,720$5,000,609$27,935,964
97$37,988,895$8,350,204$5,090,960$30,577,106
98$41,784,162$8,679,764$5,181,907$33,481,611
99$45,964,040$9,022,965$5,273,394$36,676,162
100$50,567,678$9,380,397$5,365,360$40,190,159