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%15.4%
1 years$240,305$238,165$236,076$234,038$232,047$226,899
2 years$118,963$116,747$114,600$112,518$110,499$105,338
3 years$78,521$76,296$74,154$72,091$70,105$65,094
4 years$58,304$56,085$53,965$51,938$49,999$45,176
5 years$46,177$43,972$41,879$39,893$38,009$33,387
6 years$38,095$35,906$33,845$31,903$30,075$25,660
7 years$32,324$30,154$28,125$26,229$24,459$20,251
8 years$27,998$25,847$23,852$22,003$20,291$16,289
9 years$24,635$22,505$20,544$18,742$17,088$13,288
10 years$21,946$19,837$17,911$16,156$14,560$10,959
11 years$19,748$17,660$15,768$14,060$12,522$9,115
12 years$17,917$15,850$13,994$12,333$10,851$7,633
13 years$16,369$14,324$12,503$10,888$9,463$6,427
14 years$15,044$13,020$11,234$9,665$8,295$5,436
15 years$13,896$11,894$10,142$8,620$7,303$4,615
16 years$12,892$10,913$9,196$7,718$6,455$3,930
17 years$12,008$10,050$8,368$6,934$5,723$3,355
18 years$11,223$9,287$7,639$6,249$5,089$2,870
19 years$10,521$8,607$6,993$5,647$4,536$2,460
20 years$9,890$7,998$6,418$5,114$4,051$2,112
21 years$9,320$7,450$5,903$4,641$3,626$1,816
22 years$8,803$6,954$5,441$4,220$3,250$1,563
23 years$8,331$6,504$5,023$3,843$2,917$1,346
24 years$7,899$6,094$4,646$3,505$2,622$1,160
25 years$7,502$5,719$4,303$3,201$2,359$1,001
26 years$7,137$5,375$3,991$2,927$2,125$864
27 years$6,799$5,058$3,706$2,679$1,916$746
28 years$6,486$4,766$3,445$2,455$1,729$645
29 years$6,195$4,497$3,206$2,251$1,561$558
30 years$5,924$4,246$2,986$2,066$1,411$482
31 years$5,670$4,014$2,784$1,897$1,275$417
32 years$5,433$3,798$2,597$1,744$1,154$361
33 years$5,211$3,597$2,425$1,604$1,044$312
34 years$5,003$3,409$2,266$1,475$945$270
35 years$4,807$3,234$2,119$1,358$856$234
36 years$4,622$3,069$1,982$1,251$776$203
37 years$4,447$2,915$1,855$1,152$703$175
38 years$4,282$2,770$1,737$1,062$637$152
39 years$4,126$2,634$1,627$979$578$132
40 years$3,978$2,506$1,525$903$524$114
41 years$3,838$2,386$1,430$834$476$99
42 years$3,705$2,272$1,342$769$432$85
43 years$3,578$2,165$1,259$710$392$74
44 years$3,457$2,064$1,182$656$356$64
45 years$3,343$1,968$1,110$606$323$56
46 years$3,233$1,877$1,042$559$293$48
47 years$3,128$1,791$979$517$266$42
48 years$3,028$1,710$920$477$242$36
49 years$2,933$1,633$865$441$219$31
50 years$2,841$1,560$813$408$199$27

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 $5,806 every year, while hoping to spend $44,953 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: 62/13/25 Blend
69$2,910,000$2,910,000$2,910,000$2,910,000
70$3,212,809$3,058,579$3,013,474$3,390,357
71$3,492,686$3,160,620$3,066,596$3,613,418
72$3,799,603$3,266,154$3,119,990$3,851,421
73$4,136,273$3,375,305$3,173,620$4,110,310
74$4,505,679$3,488,201$3,227,442$4,392,130
75$4,911,111$3,604,976$3,281,415$4,699,136
76$5,356,192$3,725,768$3,335,490$5,033,810
77$5,844,912$3,850,718$3,389,617$5,398,885
78$6,381,666$3,979,977$3,443,742$5,797,370
79$6,971,297$4,113,697$3,497,809$6,232,581
80$7,619,140$4,252,038$3,551,756$6,708,168
81$8,331,071$4,395,167$3,605,518$7,228,152
82$9,113,564$4,543,254$3,659,027$7,796,963
83$9,973,753$4,696,479$3,712,210$8,419,480
84$10,919,495$4,855,026$3,764,988$9,101,077
85$11,959,448$5,019,086$3,817,279$9,847,673
86$13,103,150$5,188,860$3,868,997$10,665,792
87$14,361,111$5,364,553$3,920,047$11,562,618
88$15,744,909$5,546,381$3,970,334$12,546,066
89$17,267,301$5,734,566$4,019,752$13,624,856
90$18,942,345$5,929,339$4,068,193$14,808,595
91$20,785,527$6,130,939$4,115,540$16,107,869
92$22,813,913$6,339,617$4,161,673$17,534,338
93$25,046,304$6,555,630$4,206,461$19,100,852
94$27,503,418$6,779,247$4,249,768$20,821,567
95$30,208,083$7,010,747$4,291,452$22,712,082
96$33,185,452$7,250,418$4,331,360$24,789,582
97$36,463,242$7,498,562$4,369,334$27,073,005
98$40,071,992$7,755,491$4,405,206$29,583,216
99$44,045,353$8,021,528$4,438,798$32,343,206
100$48,420,407$8,297,010$4,469,926$35,378,308