Can I retire at age 70 with 3,000,000?

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 $3,000,000?

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 years$247,737$245,530$243,378$241,276$239,224$234,298
2 years$122,642$120,358$118,144$115,998$113,916$108,976
3 years$80,949$78,655$76,447$74,321$72,273$67,473
4 years$60,107$57,820$55,634$53,544$51,546$46,922
5 years$47,605$45,332$43,174$41,127$39,184$34,750
6 years$39,273$37,017$34,891$32,890$31,005$26,766
7 years$33,324$31,087$28,995$27,040$25,216$21,171
8 years$28,864$26,647$24,590$22,684$20,919$17,069
9 years$25,397$23,201$21,179$19,321$17,617$13,958
10 years$22,625$20,450$18,465$16,655$15,010$11,540
11 years$20,359$18,206$16,256$14,495$12,909$9,622
12 years$18,471$16,341$14,427$12,714$11,187$8,079
13 years$16,875$14,767$12,889$11,225$9,755$6,821
14 years$15,509$13,423$11,581$9,964$8,551$5,784
15 years$14,326$12,262$10,456$8,886$7,529$4,924
16 years$13,291$11,250$9,480$7,957$6,654$4,205
17 years$12,379$10,361$8,626$7,149$5,900$3,600
18 years$11,570$9,574$7,875$6,443$5,246$3,090
19 years$10,846$8,873$7,209$5,821$4,676$2,656
20 years$10,196$8,245$6,616$5,272$4,177$2,287
21 years$9,608$7,680$6,086$4,785$3,738$1,972
22 years$9,075$7,169$5,609$4,351$3,350$1,702
23 years$8,589$6,705$5,179$3,962$3,007$1,471
24 years$8,143$6,282$4,789$3,614$2,703$1,272
25 years$7,734$5,896$4,436$3,300$2,432$1,101
26 years$7,358$5,541$4,114$3,018$2,191$954
27 years$7,009$5,215$3,820$2,762$1,975$826
28 years$6,686$4,914$3,551$2,531$1,782$716
29 years$6,386$4,636$3,305$2,321$1,610$621
30 years$6,107$4,378$3,078$2,130$1,454$539
31 years$5,846$4,139$2,870$1,956$1,315$468
32 years$5,601$3,916$2,678$1,798$1,189$406
33 years$5,373$3,708$2,500$1,653$1,076$353
34 years$5,158$3,515$2,336$1,521$975$306
35 years$4,955$3,334$2,184$1,400$883$266
36 years$4,765$3,164$2,043$1,290$800$231
37 years$4,585$3,005$1,912$1,188$725$201
38 years$4,415$2,856$1,791$1,095$657$174
39 years$4,254$2,716$1,678$1,010$596$152
40 years$4,101$2,584$1,573$931$541$132
41 years$3,957$2,460$1,475$859$490$114
42 years$3,819$2,342$1,383$793$445$99
43 years$3,689$2,232$1,298$732$404$86
44 years$3,564$2,127$1,218$676$367$75
45 years$3,446$2,029$1,144$624$333$65
46 years$3,333$1,935$1,074$577$302$57
47 years$3,225$1,847$1,009$533$274$49
48 years$3,122$1,763$949$492$249$43
49 years$3,023$1,684$892$455$226$37
50 years$2,929$1,608$838$421$206$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,000,000, adding $6,926 every year, while hoping to spend $45,416 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: 72/19/9 Blend
69$3,000,000$3,000,000$3,000,000$3,000,000
70$3,313,144$3,154,144$3,107,644$3,545,878
71$3,602,763$3,260,375$3,163,428$3,806,792
72$3,920,400$3,370,289$3,219,558$4,086,077
73$4,268,866$3,484,019$3,275,999$4,390,616
74$4,651,257$3,601,701$3,332,711$4,722,889
75$5,070,980$3,723,480$3,389,652$5,085,625
76$5,531,792$3,849,503$3,446,778$5,481,831
77$6,037,830$3,979,923$3,504,039$5,914,814
78$6,593,649$4,114,901$3,561,386$6,388,218
79$7,204,272$4,254,601$3,618,762$6,906,052
80$7,875,227$4,399,195$3,676,110$7,472,735
81$8,612,607$4,548,863$3,733,367$8,093,131
82$9,423,124$4,703,788$3,790,466$8,772,595
83$10,314,173$4,864,164$3,847,337$9,517,027
84$11,293,900$5,030,190$3,903,904$10,332,923
85$12,371,282$5,202,073$3,960,089$11,227,440
86$13,556,207$5,380,029$4,015,806$12,208,460
87$14,859,570$5,564,281$4,070,966$13,284,662
88$16,293,376$5,755,060$4,125,473$14,465,610
89$17,870,852$5,952,610$4,179,228$15,761,837
90$19,606,570$6,157,178$4,232,123$17,184,946
91$21,516,587$6,369,027$4,284,046$18,747,718
92$23,618,595$6,588,426$4,334,878$20,464,235
93$25,932,089$6,815,657$4,384,494$22,350,009
94$28,478,548$7,051,009$4,432,760$24,422,127
95$31,281,640$7,294,788$4,479,537$26,699,417
96$34,367,442$7,547,308$4,524,677$29,202,619
97$37,764,691$7,808,896$4,568,024$31,954,585
98$41,505,050$8,079,893$4,609,413$34,980,490
99$45,623,410$8,360,652$4,648,673$38,308,072
100$50,158,214$8,651,541$4,685,620$41,967,893