Can I retire at age 70 with 2,880,000?

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 $2,880,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$237,828$235,709$233,642$231,625$229,655$223,289
2 years$117,736$115,544$113,419$111,358$109,360$102,993
3 years$77,711$75,509$73,389$71,348$69,382$63,215
4 years$57,703$55,507$53,409$51,402$49,484$43,563
5 years$45,701$43,518$41,447$39,482$37,617$31,959
6 years$37,702$35,536$33,496$31,574$29,765$24,375
7 years$31,991$29,843$27,835$25,959$24,207$19,085
8 years$27,709$25,581$23,606$21,776$20,082$15,226
9 years$24,381$22,273$20,332$18,548$16,912$12,317
10 years$21,720$19,632$17,726$15,989$14,410$10,070
11 years$19,544$17,478$15,606$13,915$12,393$8,301
12 years$17,732$15,687$13,850$12,205$10,739$6,888
13 years$16,200$14,176$12,374$10,776$9,365$5,745
14 years$14,888$12,886$11,118$9,565$8,209$4,813
15 years$13,752$11,772$10,038$8,531$7,228$4,046
16 years$12,759$10,800$9,101$7,638$6,388$3,411
17 years$11,884$9,947$8,281$6,863$5,664$2,883
18 years$11,107$9,191$7,560$6,185$5,036$2,441
19 years$10,413$8,518$6,921$5,589$4,489$2,071
20 years$9,788$7,916$6,351$5,062$4,010$1,759
21 years$9,224$7,373$5,842$4,594$3,588$1,496
22 years$8,712$6,882$5,384$4,177$3,216$1,273
23 years$8,245$6,437$4,972$3,804$2,887$1,085
24 years$7,818$6,031$4,598$3,469$2,595$925
25 years$7,425$5,660$4,259$3,168$2,335$789
26 years$7,063$5,319$3,950$2,897$2,103$674
27 years$6,729$5,006$3,668$2,652$1,896$575
28 years$6,419$4,717$3,409$2,429$1,711$491
29 years$6,131$4,450$3,173$2,228$1,545$420
30 years$5,862$4,203$2,955$2,045$1,396$359
31 years$5,612$3,973$2,755$1,878$1,262$307
32 years$5,377$3,759$2,571$1,726$1,142$262
33 years$5,158$3,560$2,400$1,587$1,033$224
34 years$4,951$3,374$2,243$1,460$936$192
35 years$4,757$3,200$2,097$1,344$847$164
36 years$4,574$3,038$1,961$1,238$768$141
37 years$4,401$2,885$1,836$1,141$696$120
38 years$4,238$2,742$1,719$1,051$631$103
39 years$4,084$2,607$1,611$969$572$88
40 years$3,937$2,480$1,510$894$519$75
41 years$3,799$2,361$1,416$825$471$65
42 years$3,667$2,249$1,328$761$427$55
43 years$3,541$2,143$1,246$703$388$47
44 years$3,422$2,042$1,170$649$352$40
45 years$3,308$1,948$1,098$599$319$35
46 years$3,200$1,858$1,031$554$290$30
47 years$3,096$1,773$969$511$263$25
48 years$2,997$1,693$911$473$239$22
49 years$2,902$1,616$856$437$217$19
50 years$2,812$1,544$805$404$197$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,880,000, adding $4,414 every year, while hoping to spend $32,963 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: 52/25/23 Blend
69$2,880,000$2,880,000$2,880,000$2,880,000
70$3,178,313$3,025,673$2,981,033$3,323,057
71$3,467,429$3,138,859$3,045,825$3,536,709
72$3,784,929$3,256,486$3,111,683$3,765,233
73$4,133,675$3,378,737$3,178,608$4,013,130
74$4,516,818$3,505,802$3,246,599$4,282,257
75$4,937,829$3,637,882$3,315,655$4,574,654
76$5,400,532$3,775,183$3,385,774$4,892,567
77$5,909,140$3,917,921$3,456,952$5,238,467
78$6,468,296$4,066,323$3,529,184$5,615,071
79$7,083,114$4,220,624$3,602,463$6,025,371
80$7,759,227$4,381,070$3,676,781$6,472,656
81$8,502,842$4,547,917$3,752,127$6,960,551
82$9,320,801$4,721,433$3,828,492$7,493,040
83$10,220,636$4,901,898$3,905,861$8,074,513
84$11,210,653$5,089,602$3,984,218$8,709,801
85$12,299,997$5,284,851$4,063,548$9,404,220
86$13,498,750$5,487,961$4,143,829$10,163,627
87$14,818,015$5,699,264$4,225,041$10,994,466
88$16,270,032$5,919,107$4,307,158$11,903,835
89$17,868,282$6,147,850$4,390,155$12,899,550
90$19,627,623$6,385,871$4,474,001$13,990,215
91$21,564,425$6,633,563$4,558,665$15,185,308
92$23,696,727$6,891,338$4,644,111$16,495,264
93$26,044,404$7,159,625$4,730,300$17,931,578
94$28,629,359$7,438,872$4,817,190$19,506,907
95$31,475,725$7,729,548$4,904,737$21,235,193
96$34,610,094$8,032,141$4,992,891$23,131,791
97$38,061,770$8,347,163$5,081,600$25,213,616
98$41,863,043$8,675,146$5,170,805$27,499,296
99$46,049,493$9,016,648$5,260,447$30,009,353
100$50,660,328$9,372,251$5,350,459$32,766,391