Can I retire at age 70 with 3,100,000?

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 $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$255,995$253,715$251,490$249,319$247,198$245,538
2 years$126,730$124,370$122,083$119,865$117,714$116,039
3 years$83,648$81,277$78,996$76,799$74,682$73,045
4 years$62,110$59,747$57,489$55,329$53,264$51,677
5 years$49,192$46,843$44,613$42,498$40,490$38,958
6 years$40,582$38,251$36,054$33,986$32,039$30,564
7 years$34,434$32,123$29,961$27,942$26,056$24,639
8 years$29,826$27,535$25,410$23,440$21,616$20,256
9 years$26,243$23,974$21,885$19,965$18,204$16,901
10 years$23,379$21,132$19,080$17,210$15,511$14,265
11 years$21,037$18,813$16,798$14,978$13,340$12,150
12 years$19,087$16,885$14,908$13,138$11,560$10,425
13 years$17,438$15,259$13,319$11,599$10,080$8,999
14 years$16,026$13,870$11,967$10,296$8,836$7,807
15 years$14,803$12,671$10,805$9,182$7,780$6,802
16 years$13,734$11,625$9,796$8,222$6,876$5,947
17 years$12,792$10,706$8,914$7,387$6,097$5,216
18 years$11,956$9,893$8,137$6,657$5,421$4,586
19 years$11,208$9,169$7,449$6,015$4,832$4,042
20 years$10,536$8,520$6,837$5,448$4,316$3,569
21 years$9,929$7,936$6,288$4,945$3,862$3,157
22 years$9,377$7,408$5,796$4,496$3,462$2,797
23 years$8,875$6,929$5,351$4,094$3,108$2,481
24 years$8,415$6,492$4,949$3,734$2,793$2,203
25 years$7,992$6,092$4,584$3,410$2,514$1,958
26 years$7,603$5,726$4,251$3,118$2,264$1,742
27 years$7,243$5,389$3,948$2,854$2,041$1,551
28 years$6,909$5,078$3,670$2,615$1,842$1,382
29 years$6,599$4,790$3,415$2,398$1,663$1,232
30 years$6,310$4,524$3,181$2,201$1,503$1,099
31 years$6,041$4,276$2,966$2,021$1,359$981
32 years$5,788$4,046$2,767$1,858$1,229$876
33 years$5,552$3,832$2,584$1,708$1,112$782
34 years$5,329$3,632$2,414$1,572$1,007$699
35 years$5,120$3,445$2,257$1,447$912$625
36 years$4,924$3,270$2,111$1,333$826$559
37 years$4,738$3,105$1,976$1,228$749$500
38 years$4,562$2,951$1,850$1,132$679$447
39 years$4,396$2,806$1,734$1,043$616$400
40 years$4,238$2,670$1,625$962$559$358
41 years$4,089$2,542$1,524$888$507$320
42 years$3,947$2,420$1,429$819$460$286
43 years$3,812$2,306$1,341$756$417$256
44 years$3,683$2,198$1,259$698$379$230
45 years$3,561$2,096$1,182$645$344$205
46 years$3,444$2,000$1,110$596$312$184
47 years$3,333$1,908$1,043$550$283$165
48 years$3,226$1,822$980$509$257$148
49 years$3,124$1,740$921$470$234$132
50 years$3,027$1,662$866$435$212$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,100,000, adding $6,097 every year, while hoping to spend $21,406 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: 71/20/9 Blend
69$3,100,000$3,100,000$3,100,000$3,100,000
70$3,422,489$3,258,189$3,210,139$3,659,447
71$3,748,807$3,395,065$3,294,903$3,953,843
72$4,107,692$3,537,929$3,381,789$4,272,758
73$4,502,444$3,687,055$3,470,846$4,621,252
74$4,936,696$3,842,724$3,562,122$5,002,235
75$5,414,455$4,005,233$3,655,669$5,418,906
76$5,940,133$4,174,893$3,751,538$5,874,788
77$6,518,593$4,352,029$3,849,780$6,373,759
78$7,155,191$4,536,980$3,950,450$6,920,086
79$7,855,831$4,730,103$4,053,600$7,518,468
80$8,627,017$4,931,769$4,159,287$8,174,078
81$9,475,915$5,142,368$4,267,566$8,892,609
82$10,410,422$5,362,308$4,378,493$9,680,331
83$11,439,241$5,592,016$4,492,128$10,544,148
84$12,571,957$5,831,939$4,608,528$11,491,659
85$13,819,137$6,082,545$4,727,754$12,531,236
86$15,192,422$6,344,322$4,849,867$13,672,096
87$16,704,640$6,617,785$4,974,928$14,924,387
88$18,369,925$6,903,468$5,103,000$16,299,289
89$20,203,854$7,201,935$5,234,148$17,809,113
90$22,223,590$7,513,772$5,368,434$19,467,415
91$24,448,046$7,839,597$5,505,926$21,289,131
92$26,898,062$8,180,052$5,646,690$23,290,707
93$29,596,604$8,535,814$5,790,794$25,490,260
94$32,568,977$8,907,589$5,938,305$27,907,745
95$35,843,069$9,296,117$6,089,294$30,565,142
96$39,449,608$9,702,172$6,243,831$33,486,663
97$43,422,455$10,126,567$6,401,988$36,698,980
98$47,798,927$10,570,149$6,563,835$40,231,474
99$52,620,141$11,033,810$6,729,447$44,116,510
100$57,931,409$11,518,480$6,898,897$48,389,743