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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.4%
1 years$237,828$235,709$233,642$231,625$229,655$224,560
2 years$117,736$115,544$113,419$111,358$109,360$104,252
3 years$77,711$75,509$73,389$71,348$69,382$64,423
4 years$57,703$55,507$53,409$51,402$49,484$44,711
5 years$45,701$43,518$41,447$39,482$37,617$33,043
6 years$37,702$35,536$33,496$31,574$29,765$25,395
7 years$31,991$29,843$27,835$25,959$24,207$20,042
8 years$27,709$25,581$23,606$21,776$20,082$16,121
9 years$24,381$22,273$20,332$18,548$16,912$13,151
10 years$21,720$19,632$17,726$15,989$14,410$10,846
11 years$19,544$17,478$15,606$13,915$12,393$9,021
12 years$17,732$15,687$13,850$12,205$10,739$7,554
13 years$16,200$14,176$12,374$10,776$9,365$6,361
14 years$14,888$12,886$11,118$9,565$8,209$5,380
15 years$13,752$11,772$10,038$8,531$7,228$4,567
16 years$12,759$10,800$9,101$7,638$6,388$3,889
17 years$11,884$9,947$8,281$6,863$5,664$3,320
18 years$11,107$9,191$7,560$6,185$5,036$2,841
19 years$10,413$8,518$6,921$5,589$4,489$2,435
20 years$9,788$7,916$6,351$5,062$4,010$2,090
21 years$9,224$7,373$5,842$4,594$3,588$1,797
22 years$8,712$6,882$5,384$4,177$3,216$1,546
23 years$8,245$6,437$4,972$3,804$2,887$1,332
24 years$7,818$6,031$4,598$3,469$2,595$1,148
25 years$7,425$5,660$4,259$3,168$2,335$991
26 years$7,063$5,319$3,950$2,897$2,103$855
27 years$6,729$5,006$3,668$2,652$1,896$739
28 years$6,419$4,717$3,409$2,429$1,711$638
29 years$6,131$4,450$3,173$2,228$1,545$552
30 years$5,862$4,203$2,955$2,045$1,396$477
31 years$5,612$3,973$2,755$1,878$1,262$413
32 years$5,377$3,759$2,571$1,726$1,142$357
33 years$5,158$3,560$2,400$1,587$1,033$309
34 years$4,951$3,374$2,243$1,460$936$267
35 years$4,757$3,200$2,097$1,344$847$231
36 years$4,574$3,038$1,961$1,238$768$200
37 years$4,401$2,885$1,836$1,141$696$174
38 years$4,238$2,742$1,719$1,051$631$150
39 years$4,084$2,607$1,611$969$572$130
40 years$3,937$2,480$1,510$894$519$113
41 years$3,799$2,361$1,416$825$471$98
42 years$3,667$2,249$1,328$761$427$85
43 years$3,541$2,143$1,246$703$388$73
44 years$3,422$2,042$1,170$649$352$63
45 years$3,308$1,948$1,098$599$319$55
46 years$3,200$1,858$1,031$554$290$48
47 years$3,096$1,773$969$511$263$41
48 years$2,997$1,693$911$473$239$36
49 years$2,902$1,616$856$437$217$31
50 years$2,812$1,544$805$404$197$27

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 $3,202 every year, while hoping to spend $38,838 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: 60/12/28 Blend
69$2,880,000$2,880,000$2,880,000$2,880,000
70$3,177,063$3,024,423$2,979,783$3,343,425
71$3,459,800$3,131,296$3,038,282$3,564,165
72$3,770,075$3,242,105$3,097,440$3,800,486
73$4,110,654$3,357,000$3,157,236$4,057,547
74$4,484,588$3,476,141$3,217,651$4,337,378
75$4,895,235$3,599,690$3,278,661$4,642,214
76$5,346,294$3,727,820$3,340,241$4,974,516
77$5,841,841$3,860,708$3,402,364$5,336,993
78$6,386,366$3,998,540$3,465,001$5,732,629
79$6,984,816$4,141,508$3,528,118$6,164,709
80$7,642,638$4,289,814$3,591,682$6,636,852
81$8,365,838$4,443,666$3,655,654$7,153,042
82$9,161,030$4,603,281$3,719,994$7,717,670
83$10,035,500$4,768,887$3,784,659$8,335,568
84$10,997,277$4,940,719$3,849,601$9,012,063
85$12,055,207$5,119,022$3,914,771$9,753,019
86$13,219,037$5,304,053$3,980,115$10,564,898
87$14,499,505$5,496,077$4,045,574$11,454,817
88$15,908,443$5,695,373$4,111,089$12,430,616
89$17,458,886$5,902,229$4,176,593$13,500,933
90$19,165,201$6,116,946$4,242,017$14,675,282
91$21,043,212$6,339,838$4,307,286$15,964,148
92$23,110,361$6,571,231$4,372,321$17,379,080
93$25,385,862$6,811,465$4,437,038$18,932,800
94$27,890,889$7,060,896$4,501,348$20,639,329
95$30,648,772$7,319,893$4,565,155$22,514,112
96$33,685,219$7,588,840$4,628,360$24,574,166
97$37,028,558$7,868,139$4,690,856$26,838,240
98$40,710,001$8,158,208$4,752,531$29,326,995
99$44,763,944$8,459,484$4,813,264$32,063,191
100$49,228,288$8,772,419$4,872,929$35,071,911