Can I retire at age 70 with 2,910,000?

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 $2,910,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$240,305$238,165$236,076$234,038$232,047$230,199
2 years$118,963$116,747$114,600$112,518$110,499$108,636
3 years$78,521$76,296$74,154$72,091$70,105$68,285
4 years$58,304$56,085$53,965$51,938$49,999$48,236
5 years$46,177$43,972$41,879$39,893$38,009$36,308
6 years$38,095$35,906$33,845$31,903$30,075$28,438
7 years$32,324$30,154$28,125$26,229$24,459$22,887
8 years$27,998$25,847$23,852$22,003$20,291$18,784
9 years$24,635$22,505$20,544$18,742$17,088$15,646
10 years$21,946$19,837$17,911$16,156$14,560$13,181
11 years$19,748$17,660$15,768$14,060$12,522$11,206
12 years$17,917$15,850$13,994$12,333$10,851$9,597
13 years$16,369$14,324$12,503$10,888$9,463$8,268
14 years$15,044$13,020$11,234$9,665$8,295$7,159
15 years$13,896$11,894$10,142$8,620$7,303$6,225
16 years$12,892$10,913$9,196$7,718$6,455$5,432
17 years$12,008$10,050$8,368$6,934$5,723$4,754
18 years$11,223$9,287$7,639$6,249$5,089$4,171
19 years$10,521$8,607$6,993$5,647$4,536$3,668
20 years$9,890$7,998$6,418$5,114$4,051$3,232
21 years$9,320$7,450$5,903$4,641$3,626$2,853
22 years$8,803$6,954$5,441$4,220$3,250$2,521
23 years$8,331$6,504$5,023$3,843$2,917$2,231
24 years$7,899$6,094$4,646$3,505$2,622$1,977
25 years$7,502$5,719$4,303$3,201$2,359$1,753
26 years$7,137$5,375$3,991$2,927$2,125$1,556
27 years$6,799$5,058$3,706$2,679$1,916$1,382
28 years$6,486$4,766$3,445$2,455$1,729$1,229
29 years$6,195$4,497$3,206$2,251$1,561$1,093
30 years$5,924$4,246$2,986$2,066$1,411$973
31 years$5,670$4,014$2,784$1,897$1,275$866
32 years$5,433$3,798$2,597$1,744$1,154$771
33 years$5,211$3,597$2,425$1,604$1,044$687
34 years$5,003$3,409$2,266$1,475$945$612
35 years$4,807$3,234$2,119$1,358$856$546
36 years$4,622$3,069$1,982$1,251$776$487
37 years$4,447$2,915$1,855$1,152$703$434
38 years$4,282$2,770$1,737$1,062$637$387
39 years$4,126$2,634$1,627$979$578$346
40 years$3,978$2,506$1,525$903$524$309
41 years$3,838$2,386$1,430$834$476$275
42 years$3,705$2,272$1,342$769$432$246
43 years$3,578$2,165$1,259$710$392$219
44 years$3,457$2,064$1,182$656$356$196
45 years$3,343$1,968$1,110$606$323$175
46 years$3,233$1,877$1,042$559$293$156
47 years$3,128$1,791$979$517$266$140
48 years$3,028$1,710$920$477$242$125
49 years$2,933$1,633$865$441$219$111
50 years$2,841$1,560$813$408$199$99

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,910,000, adding $5,774 every year, while hoping to spend $43,387 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: 68/25/7 Blend
69$2,910,000$2,910,000$2,910,000$2,910,000
70$3,212,776$3,058,546$3,013,441$3,427,137
71$3,494,316$3,162,251$3,068,228$3,673,647
72$3,803,118$3,269,584$3,123,396$3,937,313
73$4,141,919$3,380,676$3,178,912$4,224,473
74$4,513,730$3,495,664$3,234,741$4,537,417
75$4,921,869$3,614,691$3,290,844$4,878,669
76$5,369,993$3,737,904$3,347,180$5,251,001
77$5,862,128$3,865,457$3,403,706$5,657,469
78$6,402,708$3,997,507$3,460,374$6,101,436
79$6,996,621$4,134,222$3,517,133$6,586,602
80$7,649,250$4,275,772$3,573,930$7,117,042
81$8,366,524$4,422,336$3,630,707$7,697,244
82$9,154,977$4,574,098$3,687,404$8,332,147
83$10,021,807$4,731,251$3,743,954$9,027,192
84$10,974,944$4,893,995$3,800,290$9,788,367
85$12,023,125$5,062,538$3,856,336$10,622,269
86$13,175,976$5,237,094$3,912,015$11,536,163
87$14,444,101$5,417,887$3,967,243$12,538,049
88$15,839,187$5,605,152$4,021,934$13,636,737
89$17,374,108$5,799,128$4,075,993$14,841,934
90$19,063,050$6,000,068$4,129,321$16,164,327
91$20,921,643$6,208,233$4,181,815$17,615,691
92$22,967,108$6,423,894$4,233,363$19,208,994
93$25,218,421$6,647,333$4,283,849$20,958,522
94$27,696,491$6,878,843$4,333,149$22,880,010
95$30,424,357$7,118,731$4,381,134$24,990,795
96$33,427,405$7,367,311$4,427,664$27,309,972
97$36,733,605$7,624,915$4,472,597$29,858,579
98$40,373,781$7,891,884$4,515,777$32,659,791
99$44,381,896$8,168,575$4,557,044$35,739,142
100$48,795,373$8,455,359$4,596,229$39,124,760