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%12.5%
1 years$238,653$236,528$234,454$232,429$230,453$228,046
2 years$118,145$115,945$113,812$111,745$109,739$107,316
3 years$77,981$75,771$73,644$71,596$69,623$67,258
4 years$57,903$55,700$53,594$51,581$49,656$47,367
5 years$45,859$43,669$41,591$39,619$37,748$35,542
6 years$37,833$35,659$33,612$31,684$29,868$27,749
7 years$32,102$29,947$27,932$26,049$24,291$22,258
8 years$27,805$25,670$23,688$21,852$20,152$18,205
9 years$24,466$22,350$20,403$18,613$16,971$15,110
10 years$21,795$19,701$17,788$16,044$14,460$12,684
11 years$19,612$17,538$15,660$13,964$12,436$10,744
12 years$17,794$15,741$13,898$12,248$10,777$9,166
13 years$16,257$14,226$12,417$10,813$9,398$7,867
14 years$14,940$12,931$11,156$9,599$8,238$6,785
15 years$13,800$11,812$10,073$8,560$7,253$5,875
16 years$12,804$10,838$9,132$7,665$6,410$5,106
17 years$11,925$9,981$8,310$6,887$5,684$4,450
18 years$11,146$9,223$7,586$6,206$5,054$3,888
19 years$10,449$8,548$6,945$5,608$4,505$3,404
20 years$9,822$7,943$6,374$5,079$4,024$2,986
21 years$9,256$7,399$5,862$4,610$3,601$2,624
22 years$8,742$6,906$5,403$4,191$3,228$2,309
23 years$8,274$6,459$4,989$3,817$2,897$2,034
24 years$7,845$6,052$4,614$3,481$2,604$1,794
25 years$7,451$5,679$4,273$3,179$2,343$1,583
26 years$7,088$5,338$3,963$2,907$2,111$1,399
27 years$6,752$5,024$3,680$2,661$1,903$1,237
28 years$6,441$4,734$3,421$2,438$1,717$1,094
29 years$6,152$4,466$3,184$2,236$1,551$968
30 years$5,883$4,217$2,966$2,052$1,401$857
31 years$5,631$3,987$2,765$1,884$1,267$760
32 years$5,396$3,772$2,580$1,732$1,146$673
33 years$5,176$3,572$2,409$1,593$1,037$597
34 years$4,968$3,386$2,250$1,465$939$529
35 years$4,774$3,211$2,104$1,349$850$470
36 years$4,590$3,048$1,968$1,242$770$417
37 years$4,417$2,895$1,842$1,145$698$370
38 years$4,253$2,751$1,725$1,055$633$328
39 years$4,098$2,616$1,616$973$574$291
40 years$3,951$2,489$1,515$897$521$259
41 years$3,812$2,369$1,421$828$472$230
42 years$3,679$2,257$1,332$764$429$204
43 years$3,554$2,150$1,250$705$389$181
44 years$3,434$2,049$1,174$651$353$161
45 years$3,320$1,954$1,102$601$321$143
46 years$3,211$1,864$1,035$555$291$127
47 years$3,107$1,779$972$513$264$113
48 years$3,007$1,698$914$474$240$100
49 years$2,913$1,622$859$438$218$89
50 years$2,822$1,549$808$405$198$79

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 $6,860 every year, while hoping to spend $33,029 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: 54/26/20 Blend
69$2,890,000$2,890,000$2,890,000$2,890,000
70$3,191,856$3,038,686$2,993,891$3,346,491
71$3,482,283$3,152,439$3,059,044$3,566,956
72$3,801,226$3,270,659$3,125,272$3,802,768
73$4,151,560$3,393,530$3,192,577$4,058,754
74$4,536,449$3,521,244$3,260,959$4,336,849
75$4,959,383$3,654,000$3,330,417$4,639,184
76$5,424,203$3,792,009$3,400,949$4,968,101
77$5,935,141$3,935,487$3,472,551$5,326,179
78$6,496,862$4,084,663$3,545,218$5,716,254
79$7,114,503$4,239,772$3,618,943$6,141,446
80$7,793,725$4,401,063$3,693,720$6,605,190
81$8,540,764$4,568,794$3,769,539$7,111,266
82$9,362,491$4,743,235$3,846,388$7,663,833
83$10,266,478$4,924,666$3,924,254$8,267,472
84$11,261,065$5,113,381$4,003,123$8,927,223
85$12,355,443$5,309,686$4,082,977$9,648,635
86$13,559,739$5,513,901$4,163,798$10,437,818
87$14,885,110$5,726,360$4,245,563$11,301,498
88$16,343,851$5,947,412$4,328,249$12,247,082
89$17,949,508$6,177,419$4,411,830$13,282,725
90$19,717,008$6,416,762$4,496,276$14,417,406
91$21,662,797$6,665,838$4,581,555$15,661,014
92$23,804,997$6,925,059$4,667,633$17,024,441
93$26,163,580$7,194,860$4,754,471$18,519,679
94$28,760,547$7,475,690$4,842,028$20,159,938
95$31,620,146$7,768,022$4,930,259$21,959,764
96$34,769,094$8,072,348$5,019,116$23,935,182
97$38,236,831$8,389,182$5,108,545$26,103,841
98$42,055,797$8,719,062$5,198,491$28,485,179
99$46,261,741$9,062,549$5,288,893$31,100,612
100$50,894,053$9,420,228$5,379,686$33,973,725