Can I retire at age 70 with 3,200,000?

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 $3,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$264,253$261,899$259,603$257,361$255,172$249,308
2 years$130,818$128,382$126,021$123,731$121,511$115,634
3 years$86,346$83,899$81,544$79,276$77,091$71,387
4 years$64,114$61,675$59,343$57,114$54,982$49,494
5 years$50,778$48,354$46,053$43,869$41,797$36,540
6 years$41,891$39,484$37,217$35,082$33,072$28,052
7 years$35,545$33,159$30,928$28,843$26,897$22,114
8 years$30,788$28,423$26,229$24,196$22,313$17,767
9 years$27,090$24,748$22,591$20,609$18,791$14,477
10 years$24,133$21,814$19,696$17,766$16,011$11,924
11 years$21,716$19,420$17,340$15,461$13,770$9,905
12 years$19,703$17,430$15,388$13,562$11,933$8,284
13 years$18,000$15,752$13,749$11,973$10,406$6,966
14 years$16,543$14,318$12,353$10,628$9,121$5,883
15 years$15,281$13,080$11,153$9,478$8,031$4,988
16 years$14,177$12,000$10,112$8,487$7,098$4,241
17 years$13,205$11,052$9,202$7,625$6,294$3,616
18 years$12,341$10,212$8,400$6,872$5,596$3,089
19 years$11,569$9,465$7,690$6,210$4,988$2,644
20 years$10,876$8,795$7,057$5,624$4,455$2,266
21 years$10,249$8,192$6,491$5,104$3,987$1,945
22 years$9,680$7,647$5,983$4,641$3,574$1,671
23 years$9,161$7,152$5,524$4,226$3,208$1,437
24 years$8,686$6,701$5,109$3,855$2,883$1,237
25 years$8,250$6,289$4,732$3,520$2,595$1,066
26 years$7,848$5,910$4,388$3,219$2,337$919
27 years$7,477$5,562$4,075$2,946$2,107$792
28 years$7,132$5,241$3,788$2,699$1,901$683
29 years$6,812$4,945$3,525$2,475$1,717$590
30 years$6,514$4,670$3,284$2,272$1,551$509
31 years$6,235$4,414$3,061$2,087$1,402$440
32 years$5,975$4,177$2,856$1,918$1,269$380
33 years$5,731$3,956$2,667$1,763$1,148$328
34 years$5,501$3,749$2,492$1,622$1,039$283
35 years$5,286$3,556$2,330$1,494$942$245
36 years$5,082$3,375$2,179$1,376$853$212
37 years$4,890$3,206$2,040$1,267$773$183
38 years$4,709$3,046$1,910$1,168$701$158
39 years$4,538$2,897$1,790$1,077$636$137
40 years$4,375$2,756$1,677$993$577$118
41 years$4,221$2,624$1,573$917$523$102
42 years$4,074$2,499$1,475$846$475$88
43 years$3,935$2,381$1,384$781$431$76
44 years$3,802$2,269$1,300$721$391$66
45 years$3,676$2,164$1,220$666$355$57
46 years$3,555$2,064$1,146$615$322$49
47 years$3,440$1,970$1,077$568$293$43
48 years$3,330$1,881$1,012$525$266$37
49 years$3,225$1,796$951$485$241$32
50 years$3,124$1,715$894$449$219$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,200,000, adding $5,553 every year, while hoping to spend $26,021 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: 60/28/12 Blend
69$3,200,000$3,200,000$3,200,000$3,200,000
70$3,532,128$3,362,528$3,312,928$3,733,502
71$3,864,719$3,499,606$3,396,225$4,006,642
72$4,230,362$3,642,528$3,481,440$4,301,021
73$4,632,401$3,791,554$3,568,611$4,621,503
74$5,074,520$3,946,954$3,657,773$4,970,608
75$5,560,778$4,109,012$3,748,966$5,351,107
76$6,095,647$4,278,024$3,842,226$5,766,048
77$6,684,055$4,454,298$3,937,592$6,218,786
78$7,331,429$4,638,160$4,035,102$6,713,010
79$8,043,752$4,829,947$4,134,795$7,252,779
80$8,827,615$5,030,014$4,236,711$7,842,561
81$9,690,278$5,238,731$4,340,887$8,487,269
82$10,639,744$5,456,487$4,447,364$9,192,314
83$11,684,829$5,683,685$4,556,182$9,963,649
84$12,835,247$5,920,751$4,667,379$10,807,827
85$14,101,702$6,168,128$4,780,997$11,732,061
86$15,495,990$6,426,281$4,897,074$12,744,291
87$17,031,106$6,695,694$5,015,651$13,853,257
88$18,721,372$6,976,876$5,136,769$15,068,584
89$20,582,567$7,270,358$5,260,466$16,400,865
90$22,632,080$7,576,696$5,386,782$17,861,767
91$24,889,071$7,896,473$5,515,758$19,464,134
92$27,374,653$8,230,298$5,647,434$21,222,111
93$30,112,093$8,578,807$5,781,847$23,151,272
94$33,127,025$8,942,668$5,919,038$25,268,769
95$36,447,701$9,322,578$6,059,046$27,593,491
96$40,105,250$9,719,268$6,201,907$30,146,241
97$44,133,976$10,133,502$6,347,661$32,949,929
98$48,571,678$10,566,080$6,496,344$36,029,788
99$53,460,011$11,017,840$6,647,993$39,413,612
100$58,844,875$11,489,657$6,802,645$43,132,010