Can I retire at age 70 with 2,890,000?

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 $2,890,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$238,653$236,528$234,454$232,429$230,453$225,615
2 years$118,145$115,945$113,812$111,745$109,739$104,889
3 years$77,981$75,771$73,644$71,596$69,623$64,910
4 years$57,903$55,700$53,594$51,581$49,656$45,117
5 years$45,859$43,669$41,591$39,619$37,748$33,396
6 years$37,833$35,659$33,612$31,684$29,868$25,709
7 years$32,102$29,947$27,932$26,049$24,291$20,324
8 years$27,805$25,670$23,688$21,852$20,152$16,376
9 years$24,466$22,350$20,403$18,613$16,971$13,384
10 years$21,795$19,701$17,788$16,044$14,460$11,058
11 years$19,612$17,538$15,660$13,964$12,436$9,215
12 years$17,794$15,741$13,898$12,248$10,777$7,732
13 years$16,257$14,226$12,417$10,813$9,398$6,523
14 years$14,940$12,931$11,156$9,599$8,238$5,528
15 years$13,800$11,812$10,073$8,560$7,253$4,703
16 years$12,804$10,838$9,132$7,665$6,410$4,013
17 years$11,925$9,981$8,310$6,887$5,684$3,434
18 years$11,146$9,223$7,586$6,206$5,054$2,944
19 years$10,449$8,548$6,945$5,608$4,505$2,529
20 years$9,822$7,943$6,374$5,079$4,024$2,176
21 years$9,256$7,399$5,862$4,610$3,601$1,875
22 years$8,742$6,906$5,403$4,191$3,228$1,617
23 years$8,274$6,459$4,989$3,817$2,897$1,397
24 years$7,845$6,052$4,614$3,481$2,604$1,207
25 years$7,451$5,679$4,273$3,179$2,343$1,044
26 years$7,088$5,338$3,963$2,907$2,111$903
27 years$6,752$5,024$3,680$2,661$1,903$782
28 years$6,441$4,734$3,421$2,438$1,717$677
29 years$6,152$4,466$3,184$2,236$1,551$587
30 years$5,883$4,217$2,966$2,052$1,401$509
31 years$5,631$3,987$2,765$1,884$1,267$441
32 years$5,396$3,772$2,580$1,732$1,146$383
33 years$5,176$3,572$2,409$1,593$1,037$332
34 years$4,968$3,386$2,250$1,465$939$288
35 years$4,774$3,211$2,104$1,349$850$250
36 years$4,590$3,048$1,968$1,242$770$217
37 years$4,417$2,895$1,842$1,145$698$188
38 years$4,253$2,751$1,725$1,055$633$164
39 years$4,098$2,616$1,616$973$574$142
40 years$3,951$2,489$1,515$897$521$123
41 years$3,812$2,369$1,421$828$472$107
42 years$3,679$2,257$1,332$764$429$93
43 years$3,554$2,150$1,250$705$389$81
44 years$3,434$2,049$1,174$651$353$70
45 years$3,320$1,954$1,102$601$321$61
46 years$3,211$1,864$1,035$555$291$53
47 years$3,107$1,779$972$513$264$46
48 years$3,007$1,698$914$474$240$40
49 years$2,913$1,622$859$438$218$35
50 years$2,822$1,549$808$405$198$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,890,000, adding $2,465 every year, while hoping to spend $49,573 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: 65/29/6 Blend
69$2,890,000$2,890,000$2,890,000$2,890,000
70$3,187,323$3,034,153$2,989,358$3,391,259
71$3,459,684$3,130,081$3,036,756$3,623,036
72$3,758,165$3,229,048$3,084,080$3,870,016
73$4,085,378$3,331,151$3,131,277$4,138,527
74$4,444,198$3,436,489$3,178,286$4,430,656
75$4,837,794$3,545,165$3,225,047$4,748,699
76$5,269,656$3,657,285$3,271,493$5,095,185
77$5,743,628$3,772,959$3,317,555$5,472,897
78$6,263,944$3,892,300$3,363,159$5,884,897
79$6,835,268$4,015,424$3,408,226$6,334,557
80$7,462,737$4,142,452$3,452,674$6,825,588
81$8,152,012$4,273,508$3,496,414$7,362,078
82$8,909,327$4,408,720$3,539,354$7,948,525
83$9,741,552$4,548,220$3,581,395$8,589,885
84$10,656,252$4,692,145$3,622,434$9,291,612
85$11,661,766$4,840,636$3,662,362$10,059,715
86$12,767,277$4,993,838$3,701,062$10,900,810
87$13,982,905$5,151,902$3,738,413$11,822,183
88$15,319,798$5,314,982$3,774,286$12,831,859
89$16,790,238$5,483,237$3,808,546$13,938,678
90$18,407,761$5,656,834$3,841,050$15,152,374
91$20,187,275$5,835,941$3,871,648$16,483,671
92$22,145,210$6,020,736$3,900,182$17,944,381
93$24,299,668$6,211,398$3,926,485$19,547,514
94$26,670,594$6,408,116$3,950,381$21,307,405
95$29,279,963$6,611,083$3,971,688$23,239,842
96$32,151,991$6,820,497$3,990,210$25,362,218
97$35,313,357$7,036,565$4,005,746$27,693,696
98$38,793,462$7,259,499$4,018,081$30,255,386
99$42,624,699$7,489,518$4,026,990$33,070,544
100$46,842,763$7,726,849$4,032,239$36,164,794