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%18.6%
1 years$280,769$278,268$275,828$273,446$271,121$261,709
2 years$138,994$136,406$133,897$131,465$129,105$119,721
3 years$91,743$89,143$86,640$84,231$81,910$72,847
4 years$68,121$65,529$63,052$60,683$58,419$49,747
5 years$53,952$51,376$48,931$46,611$44,409$36,151
6 years$44,509$41,952$39,543$37,275$35,139$27,302
7 years$37,767$35,231$32,861$30,646$28,578$21,159
8 years$32,712$30,200$27,869$25,708$23,708$16,702
9 years$28,783$26,294$24,003$21,897$19,965$13,363
10 years$25,642$23,177$20,926$18,876$17,012$10,803
11 years$23,073$20,633$18,423$16,428$14,631$8,802
12 years$20,934$18,519$16,350$14,409$12,679$7,217
13 years$19,126$16,736$14,608$12,721$11,056$5,947
14 years$17,577$15,213$13,125$11,292$9,692$4,920
15 years$16,236$13,897$11,850$10,071$8,533$4,084
16 years$15,063$12,750$10,744$9,017$7,542$3,398
17 years$14,030$11,742$9,777$8,102$6,687$2,834
18 years$13,112$10,851$8,925$7,302$5,946$2,368
19 years$12,293$10,056$8,170$6,598$5,300$1,982
20 years$11,556$9,345$7,498$5,975$4,734$1,660
21 years$10,890$8,704$6,897$5,423$4,236$1,393
22 years$10,285$8,125$6,357$4,931$3,797$1,169
23 years$9,734$7,599$5,869$4,491$3,408$982
24 years$9,229$7,120$5,428$4,096$3,064$825
25 years$8,766$6,682$5,027$3,740$2,757$694
26 years$8,339$6,280$4,663$3,420$2,483$584
27 years$7,944$5,910$4,330$3,130$2,239$491
28 years$7,578$5,569$4,025$2,868$2,020$414
29 years$7,238$5,254$3,746$2,630$1,824$348
30 years$6,921$4,962$3,489$2,414$1,648$293
31 years$6,625$4,690$3,253$2,217$1,490$247
32 years$6,348$4,438$3,035$2,037$1,348$208
33 years$6,089$4,203$2,834$1,874$1,220$175
34 years$5,845$3,983$2,648$1,724$1,104$148
35 years$5,616$3,778$2,475$1,587$1,000$125
36 years$5,400$3,586$2,316$1,461$906$105
37 years$5,196$3,406$2,167$1,347$821$89
38 years$5,003$3,237$2,030$1,241$745$75
39 years$4,821$3,078$1,901$1,144$675$63
40 years$4,648$2,928$1,782$1,056$613$53
41 years$4,484$2,788$1,671$974$556$45
42 years$4,329$2,655$1,568$899$504$38
43 years$4,181$2,529$1,471$830$458$32
44 years$4,040$2,411$1,381$766$415$27
45 years$3,905$2,299$1,297$707$377$23
46 years$3,777$2,193$1,218$654$342$19
47 years$3,655$2,093$1,144$604$311$16
48 years$3,538$1,998$1,075$558$282$14
49 years$3,426$1,908$1,011$516$256$11
50 years$3,320$1,823$950$477$233$10

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 $6,537 every year, while hoping to spend $23,145 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: 33/44/23 Blend
69$3,400,000$3,400,000$3,400,000$3,400,000
70$3,753,543$3,573,343$3,520,643$3,850,776
71$4,111,778$3,723,811$3,613,958$4,074,657
72$4,505,778$3,880,876$3,709,624$4,313,223
73$4,939,165$4,044,836$3,807,695$4,569,868
74$5,415,933$4,216,006$3,908,225$4,846,203
75$5,940,479$4,394,712$4,011,272$5,143,991
76$6,517,651$4,581,296$4,116,893$5,465,167
77$7,152,789$4,776,116$4,225,146$5,811,852
78$7,851,776$4,979,549$4,336,091$6,186,373
79$8,621,096$5,191,986$4,449,789$6,591,284
80$9,467,893$5,413,838$4,566,302$7,029,386
81$10,400,038$5,645,536$4,685,693$7,503,757
82$11,426,203$5,887,529$4,808,025$8,017,772
83$12,555,946$6,140,288$4,933,364$8,575,140
84$13,799,798$6,404,307$5,061,777$9,179,935
85$15,169,361$6,680,102$5,193,331$9,836,631
86$16,677,423$6,968,214$5,328,094$10,550,143
87$18,338,071$7,269,208$5,466,136$11,325,872
88$20,166,832$7,583,677$5,607,529$12,169,755
89$22,180,812$7,912,240$5,752,345$13,088,317
90$24,398,862$8,255,547$5,900,655$14,088,729
91$26,841,755$8,614,278$6,052,536$15,178,878
92$29,532,380$8,989,144$6,208,063$16,367,434
93$32,495,962$9,380,890$6,367,312$17,663,933
94$35,760,294$9,790,298$6,530,361$19,078,860
95$39,356,005$10,218,184$6,697,289$20,623,751
96$43,316,845$10,665,403$6,868,176$22,311,292
97$47,680,007$11,132,851$7,043,103$24,155,442
98$52,486,474$11,621,467$7,222,154$26,171,558
99$57,781,409$12,132,233$7,405,410$28,376,536
100$63,614,578$12,666,178$7,592,956$30,788,971