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%15.5%
1 years$255,995$253,715$251,490$249,319$247,198$241,615
2 years$126,730$124,370$122,083$119,865$117,714$112,118
3 years$83,648$81,277$78,996$76,799$74,682$69,250
4 years$62,110$59,747$57,489$55,329$53,264$48,036
5 years$49,192$46,843$44,613$42,498$40,490$35,482
6 years$40,582$38,251$36,054$33,986$32,039$27,255
7 years$34,434$32,123$29,961$27,942$26,056$21,498
8 years$29,826$27,535$25,410$23,440$21,616$17,282
9 years$26,243$23,974$21,885$19,965$18,204$14,090
10 years$23,379$21,132$19,080$17,210$15,511$11,613
11 years$21,037$18,813$16,798$14,978$13,340$9,653
12 years$19,087$16,885$14,908$13,138$11,560$8,078
13 years$17,438$15,259$13,319$11,599$10,080$6,797
14 years$16,026$13,870$11,967$10,296$8,836$5,745
15 years$14,803$12,671$10,805$9,182$7,780$4,874
16 years$13,734$11,625$9,796$8,222$6,876$4,147
17 years$12,792$10,706$8,914$7,387$6,097$3,538
18 years$11,956$9,893$8,137$6,657$5,421$3,025
19 years$11,208$9,169$7,449$6,015$4,832$2,591
20 years$10,536$8,520$6,837$5,448$4,316$2,223
21 years$9,929$7,936$6,288$4,945$3,862$1,909
22 years$9,377$7,408$5,796$4,496$3,462$1,642
23 years$8,875$6,929$5,351$4,094$3,108$1,413
24 years$8,415$6,492$4,949$3,734$2,793$1,217
25 years$7,992$6,092$4,584$3,410$2,514$1,049
26 years$7,603$5,726$4,251$3,118$2,264$905
27 years$7,243$5,389$3,948$2,854$2,041$781
28 years$6,909$5,078$3,670$2,615$1,842$674
29 years$6,599$4,790$3,415$2,398$1,663$582
30 years$6,310$4,524$3,181$2,201$1,503$503
31 years$6,041$4,276$2,966$2,021$1,359$435
32 years$5,788$4,046$2,767$1,858$1,229$376
33 years$5,552$3,832$2,584$1,708$1,112$325
34 years$5,329$3,632$2,414$1,572$1,007$281
35 years$5,120$3,445$2,257$1,447$912$243
36 years$4,924$3,270$2,111$1,333$826$210
37 years$4,738$3,105$1,976$1,228$749$182
38 years$4,562$2,951$1,850$1,132$679$157
39 years$4,396$2,806$1,734$1,043$616$136
40 years$4,238$2,670$1,625$962$559$118
41 years$4,089$2,542$1,524$888$507$102
42 years$3,947$2,420$1,429$819$460$88
43 years$3,812$2,306$1,341$756$417$76
44 years$3,683$2,198$1,259$698$379$66
45 years$3,561$2,096$1,182$645$344$57
46 years$3,444$2,000$1,110$596$312$50
47 years$3,333$1,908$1,043$550$283$43
48 years$3,226$1,822$980$509$257$37
49 years$3,124$1,740$921$470$234$32
50 years$3,027$1,662$866$435$212$28

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 $2,972 every year, while hoping to spend $39,580 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: 51/41/8 Blend
69$3,100,000$3,100,000$3,100,000$3,100,000
70$3,419,266$3,254,966$3,206,916$3,586,542
71$3,725,918$3,372,346$3,272,234$3,818,151
72$4,062,522$3,494,152$3,338,415$4,065,287
73$4,432,092$3,620,557$3,405,444$4,333,003
74$4,837,946$3,751,746$3,473,307$4,623,240
75$5,283,741$3,887,906$3,541,988$4,938,135
76$5,773,506$4,029,237$3,611,468$5,280,034
77$6,311,678$4,175,943$3,681,726$5,651,520
78$6,903,145$4,328,241$3,752,740$6,055,429
79$7,553,294$4,486,353$3,824,485$6,494,883
80$8,268,058$4,650,512$3,896,933$6,973,315
81$9,053,974$4,820,961$3,970,055$7,494,501
82$9,918,245$4,997,954$4,043,817$8,062,595
83$10,868,805$5,181,753$4,118,184$8,682,167
84$11,914,398$5,372,634$4,193,118$9,358,247
85$13,064,657$5,570,882$4,268,577$10,096,367
86$14,330,193$5,776,797$4,344,516$10,902,618
87$15,722,702$5,990,689$4,420,887$11,783,701
88$17,255,068$6,212,884$4,497,637$12,746,993
89$18,941,488$6,443,718$4,574,711$13,800,615
90$20,797,605$6,683,545$4,652,048$14,953,505
91$22,840,654$6,932,732$4,729,585$16,215,501
92$25,089,627$7,191,662$4,807,253$17,597,439
93$27,565,451$7,460,736$4,884,978$19,111,244
94$30,291,185$7,740,370$4,962,683$20,770,050
95$33,292,236$8,030,998$5,040,283$22,588,316
96$36,596,603$8,333,076$5,117,691$24,581,965
97$40,235,134$8,647,074$5,194,811$26,768,531
98$44,241,824$8,973,487$5,271,544$29,167,325
99$48,654,132$9,312,830$5,347,783$31,799,611
100$53,513,334$9,665,639$5,423,414$34,688,809