Can I retire at age 70 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$239,479$237,346$235,265$233,234$231,250$226,211
2 years$118,554$116,346$114,206$112,132$110,119$105,068
3 years$78,251$76,033$73,899$71,844$69,864$64,958
4 years$58,103$55,893$53,780$51,759$49,828$45,105
5 years$46,018$43,821$41,735$39,756$37,878$33,352
6 years$37,964$35,783$33,728$31,793$29,972$25,647
7 years$32,213$30,050$28,028$26,139$24,375$20,252
8 years$27,902$25,759$23,770$21,927$20,221$16,299
9 years$24,550$22,428$20,473$18,677$17,029$13,305
10 years$21,871$19,769$17,849$16,100$14,510$10,979
11 years$19,680$17,599$15,714$14,012$12,479$9,138
12 years$17,855$15,796$13,946$12,290$10,814$7,657
13 years$16,313$14,275$12,460$10,850$9,430$6,451
14 years$14,992$12,975$11,195$9,632$8,266$5,460
15 years$13,848$11,853$10,108$8,590$7,278$4,639
16 years$12,848$10,875$9,164$7,691$6,433$3,953
17 years$11,967$10,016$8,339$6,911$5,704$3,377
18 years$11,184$9,255$7,612$6,228$5,071$2,892
19 years$10,485$8,577$6,969$5,627$4,520$2,480
20 years$9,856$7,970$6,396$5,097$4,038$2,131
21 years$9,288$7,424$5,883$4,626$3,613$1,833
22 years$8,772$6,930$5,422$4,206$3,239$1,579
23 years$8,302$6,482$5,006$3,830$2,907$1,361
24 years$7,872$6,073$4,630$3,493$2,613$1,174
25 years$7,477$5,699$4,288$3,190$2,351$1,014
26 years$7,112$5,356$3,977$2,917$2,118$876
27 years$6,776$5,041$3,693$2,670$1,910$757
28 years$6,463$4,750$3,433$2,446$1,723$655
29 years$6,173$4,481$3,195$2,243$1,556$567
30 years$5,903$4,232$2,976$2,059$1,406$490
31 years$5,651$4,001$2,774$1,891$1,271$424
32 years$5,415$3,785$2,588$1,738$1,150$367
33 years$5,193$3,585$2,417$1,598$1,040$318
34 years$4,986$3,398$2,258$1,470$942$276
35 years$4,790$3,223$2,111$1,354$853$239
36 years$4,606$3,059$1,975$1,247$773$207
37 years$4,432$2,905$1,849$1,149$701$179
38 years$4,268$2,761$1,731$1,059$635$155
39 years$4,112$2,625$1,622$976$576$135
40 years$3,965$2,498$1,520$900$522$117
41 years$3,825$2,378$1,425$831$474$101
42 years$3,692$2,264$1,337$767$430$88
43 years$3,566$2,157$1,255$708$390$76
44 years$3,446$2,056$1,178$653$354$66
45 years$3,331$1,961$1,106$603$322$57
46 years$3,222$1,871$1,039$557$292$50
47 years$3,118$1,785$976$515$265$43
48 years$3,018$1,704$917$476$241$37
49 years$2,923$1,628$862$440$219$32
50 years$2,831$1,555$810$406$199$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,900,000, adding $4,084 every year, while hoping to spend $35,053 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: 52/22/26 Blend
69$2,900,000$2,900,000$2,900,000$2,900,000
70$3,200,013$3,046,313$3,001,363$3,342,954
71$3,489,118$3,158,286$3,064,612$3,554,470
72$3,806,537$3,274,571$3,128,806$3,780,535
73$4,155,121$3,395,342$3,193,938$4,025,749
74$4,538,010$3,520,781$3,260,002$4,291,951
75$4,958,665$3,651,077$3,326,990$4,581,167
76$5,420,897$3,786,428$3,394,892$4,895,623
77$5,928,904$3,927,039$3,463,697$5,237,770
78$6,487,313$4,073,124$3,533,391$5,610,304
79$7,101,221$4,224,909$3,603,961$6,016,195
80$7,776,241$4,382,625$3,675,389$6,458,709
81$8,518,559$4,546,516$3,747,657$6,941,442
82$9,334,993$4,716,835$3,820,744$7,468,353
83$10,233,050$4,893,848$3,894,627$8,043,799
84$11,221,005$5,077,830$3,969,280$8,672,580
85$12,307,972$5,269,069$4,044,676$9,359,977
86$13,503,997$5,467,865$4,120,785$10,111,808
87$14,820,145$5,674,531$4,197,572$10,934,477
88$16,268,611$5,889,394$4,275,001$11,835,038
89$17,862,830$6,112,795$4,353,035$12,821,259
90$19,617,607$6,345,089$4,431,629$13,901,692
91$21,549,252$6,586,649$4,510,738$15,085,761
92$23,675,741$6,837,860$4,590,313$16,383,839
93$26,016,878$7,099,126$4,670,300$17,807,357
94$28,594,488$7,370,871$4,750,643$19,368,900
95$31,432,615$7,653,534$4,831,279$21,082,336
96$34,557,759$7,947,574$4,912,144$22,962,935
97$37,999,116$8,253,471$4,993,167$25,027,522
98$41,788,861$8,571,726$5,074,273$27,294,629
99$45,962,445$8,902,860$5,155,381$29,784,670
100$50,558,935$9,247,421$5,236,407$32,520,136