Can I retire at age 70 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$272,511$270,084$267,715$265,404$263,147$256,265
2 years$134,906$132,394$129,959$127,598$125,308$118,422
3 years$89,044$86,521$84,092$81,753$79,500$72,825
4 years$66,118$63,602$61,197$58,899$56,700$50,288
5 years$52,365$49,865$47,492$45,240$43,103$36,970
6 years$43,200$40,718$38,380$36,179$34,106$28,259
7 years$36,656$34,195$31,894$29,744$27,737$22,176
8 years$31,750$29,312$27,049$24,952$23,011$17,733
9 years$27,937$25,521$23,297$21,253$19,378$14,380
10 years$24,887$22,496$20,311$18,321$16,511$11,786
11 years$22,394$20,026$17,881$15,944$14,200$9,740
12 years$20,318$17,975$15,869$13,985$12,306$8,103
13 years$18,563$16,244$14,178$12,347$10,731$6,778
14 years$17,060$14,765$12,739$10,960$9,406$5,693
15 years$15,758$13,488$11,502$9,775$8,282$4,800
16 years$14,620$12,375$10,428$8,752$7,320$4,058
17 years$13,617$11,397$9,489$7,864$6,490$3,440
18 years$12,727$10,531$8,662$7,087$5,771$2,921
19 years$11,931$9,760$7,930$6,404$5,144$2,485
20 years$11,216$9,070$7,278$5,800$4,594$2,117
21 years$10,569$8,448$6,694$5,264$4,112$1,806
22 years$9,982$7,886$6,170$4,786$3,685$1,542
23 years$9,447$7,376$5,697$4,359$3,308$1,318
24 years$8,958$6,911$5,268$3,975$2,973$1,128
25 years$8,508$6,485$4,880$3,630$2,676$965
26 years$8,093$6,095$4,526$3,319$2,410$826
27 years$7,710$5,736$4,202$3,038$2,173$708
28 years$7,355$5,405$3,907$2,784$1,961$607
29 years$7,025$5,099$3,635$2,553$1,770$520
30 years$6,717$4,816$3,386$2,343$1,600$446
31 years$6,430$4,552$3,157$2,152$1,446$383
32 years$6,162$4,307$2,945$1,977$1,308$328
33 years$5,910$4,079$2,750$1,818$1,184$282
34 years$5,673$3,866$2,570$1,673$1,072$242
35 years$5,451$3,667$2,402$1,540$971$208
36 years$5,241$3,481$2,247$1,418$880$178
37 years$5,043$3,306$2,104$1,307$797$153
38 years$4,856$3,142$1,970$1,205$723$131
39 years$4,679$2,987$1,846$1,111$655$113
40 years$4,512$2,842$1,730$1,025$595$97
41 years$4,353$2,706$1,622$945$539$83
42 years$4,201$2,577$1,522$872$489$71
43 years$4,058$2,455$1,428$805$444$61
44 years$3,921$2,340$1,340$744$403$53
45 years$3,791$2,232$1,258$687$366$45
46 years$3,666$2,129$1,182$634$332$39
47 years$3,548$2,032$1,110$586$302$33
48 years$3,434$1,939$1,043$541$274$29
49 years$3,326$1,852$981$500$249$25
50 years$3,222$1,769$922$463$226$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,300,000, adding $4,341 every year, while hoping to spend $34,646 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: 45/43/12 Blend
69$3,300,000$3,300,000$3,300,000$3,300,000
70$3,641,078$3,466,178$3,415,028$3,792,313
71$3,975,605$3,599,157$3,492,568$4,030,739
72$4,343,092$3,737,492$3,571,545$4,285,252
73$4,746,865$3,881,407$3,651,970$4,560,458
74$5,190,588$4,031,138$3,733,853$4,858,283
75$5,678,296$4,186,932$3,817,205$5,180,839
76$6,214,436$4,349,045$3,902,035$5,530,449
77$6,803,906$4,517,746$3,988,351$5,909,664
78$7,452,103$4,693,315$4,076,159$6,321,288
79$8,164,974$4,876,043$4,165,467$6,768,402
80$8,949,069$5,066,237$4,256,278$7,254,394
81$9,811,607$5,264,216$4,348,596$7,782,987
82$10,760,540$5,470,312$4,442,424$8,358,276
83$11,804,632$5,684,873$4,537,761$8,984,763
84$12,953,536$5,908,263$4,634,607$9,667,399
85$14,217,890$6,140,862$4,732,960$10,411,632
86$15,609,416$6,383,065$4,832,816$11,223,451
87$17,141,028$6,635,288$4,934,167$12,109,449
88$18,826,958$6,897,961$5,037,007$13,076,875
89$20,682,885$7,171,539$5,141,324$14,133,709
90$22,726,088$7,456,493$5,247,106$15,288,730
91$24,975,603$7,753,316$5,354,339$16,551,601
92$27,452,411$8,062,524$5,463,005$17,932,954
93$30,179,625$8,384,656$5,573,085$19,444,494
94$33,182,718$8,720,276$5,684,554$21,099,104
95$36,489,757$9,069,971$5,797,388$22,910,963
96$40,131,669$9,434,356$5,911,558$24,895,684
97$44,142,536$9,814,076$6,027,031$27,070,452
98$48,559,909$10,209,800$6,143,772$29,454,190
99$53,425,172$10,622,233$6,261,740$32,067,731
100$58,783,925$11,052,108$6,380,894$34,934,014