Can I retire at age 70 with 3,400,000?

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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$280,769$278,268$275,828$273,446$271,121$265,755
2 years$138,994$136,406$133,897$131,465$129,105$123,722
3 years$91,743$89,143$86,640$84,231$81,910$76,677
4 years$68,121$65,529$63,052$60,683$58,419$53,377
5 years$53,952$51,376$48,931$46,611$44,409$39,572
6 years$44,509$41,952$39,543$37,275$35,139$30,513
7 years$37,767$35,231$32,861$30,646$28,578$24,162
8 years$32,712$30,200$27,869$25,708$23,708$19,503
9 years$28,783$26,294$24,003$21,897$19,965$15,968
10 years$25,642$23,177$20,926$18,876$17,012$13,217
11 years$23,073$20,633$18,423$16,428$14,631$11,035
12 years$20,934$18,519$16,350$14,409$12,679$9,277
13 years$19,126$16,736$14,608$12,721$11,056$7,843
14 years$17,577$15,213$13,125$11,292$9,692$6,660
15 years$16,236$13,897$11,850$10,071$8,533$5,678
16 years$15,063$12,750$10,744$9,017$7,542$4,855
17 years$14,030$11,742$9,777$8,102$6,687$4,163
18 years$13,112$10,851$8,925$7,302$5,946$3,578
19 years$12,293$10,056$8,170$6,598$5,300$3,080
20 years$11,556$9,345$7,498$5,975$4,734$2,656
21 years$10,890$8,704$6,897$5,423$4,236$2,294
22 years$10,285$8,125$6,357$4,931$3,797$1,983
23 years$9,734$7,599$5,869$4,491$3,408$1,716
24 years$9,229$7,120$5,428$4,096$3,064$1,487
25 years$8,766$6,682$5,027$3,740$2,757$1,289
26 years$8,339$6,280$4,663$3,420$2,483$1,118
27 years$7,944$5,910$4,330$3,130$2,239$970
28 years$7,578$5,569$4,025$2,868$2,020$843
29 years$7,238$5,254$3,746$2,630$1,824$732
30 years$6,921$4,962$3,489$2,414$1,648$636
31 years$6,625$4,690$3,253$2,217$1,490$553
32 years$6,348$4,438$3,035$2,037$1,348$481
33 years$6,089$4,203$2,834$1,874$1,220$418
34 years$5,845$3,983$2,648$1,724$1,104$364
35 years$5,616$3,778$2,475$1,587$1,000$316
36 years$5,400$3,586$2,316$1,461$906$275
37 years$5,196$3,406$2,167$1,347$821$240
38 years$5,003$3,237$2,030$1,241$745$209
39 years$4,821$3,078$1,901$1,144$675$182
40 years$4,648$2,928$1,782$1,056$613$158
41 years$4,484$2,788$1,671$974$556$138
42 years$4,329$2,655$1,568$899$504$120
43 years$4,181$2,529$1,471$830$458$104
44 years$4,040$2,411$1,381$766$415$91
45 years$3,905$2,299$1,297$707$377$79
46 years$3,777$2,193$1,218$654$342$69
47 years$3,655$2,093$1,144$604$311$60
48 years$3,538$1,998$1,075$558$282$52
49 years$3,426$1,908$1,011$516$256$46
50 years$3,320$1,823$950$477$233$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,400,000, adding $3,294 every year, while hoping to spend $25,544 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: 68/10/22 Blend
69$3,400,000$3,400,000$3,400,000$3,400,000
70$3,750,198$3,569,998$3,517,298$3,984,192
71$4,105,539$3,717,749$3,607,949$4,289,077
72$4,496,270$3,871,884$3,700,780$4,619,220
73$4,925,971$4,032,688$3,795,838$4,979,775
74$5,398,592$4,200,461$3,893,170$5,373,742
75$5,918,480$4,375,516$3,992,823$5,804,423
76$6,490,427$4,558,178$4,094,845$6,275,455
77$7,119,713$4,748,792$4,199,285$6,790,840
78$7,812,155$4,947,714$4,306,193$7,354,988
79$8,574,163$5,155,320$4,415,618$7,972,750
80$9,412,798$5,372,001$4,527,612$8,649,473
81$10,335,842$5,598,168$4,642,225$9,391,043
82$11,351,870$5,834,250$4,759,511$10,203,941
83$12,470,327$6,080,695$4,879,522$11,095,305
84$13,701,626$6,337,974$5,002,311$12,073,000
85$15,057,236$6,606,579$5,127,932$13,145,683
86$16,549,796$6,887,023$5,256,440$14,322,893
87$18,193,234$7,179,846$5,387,890$15,615,136
88$20,002,896$7,485,611$5,522,337$17,033,983
89$21,995,694$7,804,908$5,659,837$18,592,182
90$24,190,261$8,138,355$5,800,448$20,303,774
91$26,607,130$8,486,597$5,944,226$22,184,227
92$29,268,928$8,850,311$6,091,228$24,250,579
93$32,200,587$9,230,205$6,241,513$26,521,603
94$35,429,582$9,627,020$6,395,138$29,017,976
95$38,986,187$10,041,532$6,552,163$31,762,481
96$42,903,764$10,474,552$6,712,646$34,780,217
97$47,219,074$10,926,932$6,876,647$38,098,833
98$51,972,629$11,399,561$7,044,223$41,748,794
99$57,209,068$11,893,370$7,215,436$45,763,663
100$62,977,584$12,409,336$7,390,344$50,180,418