Can I retire at age 70 with 2,530,000?

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 $2,530,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$208,925$207,064$205,248$203,476$201,746$194,356
2 years$103,428$101,502$99,635$97,825$96,069$88,706
3 years$68,267$66,333$64,471$62,677$60,950$53,846
4 years$50,690$48,762$46,918$45,156$43,470$36,679
5 years$40,147$38,230$36,410$34,684$33,045$26,584
6 years$33,120$31,217$29,425$27,737$26,148$20,021
7 years$28,103$26,216$24,452$22,804$21,265$15,472
8 years$24,342$22,472$20,737$19,130$17,641$12,177
9 years$21,418$19,566$17,861$16,294$14,857$9,713
10 years$19,080$17,247$15,572$14,046$12,659$7,827
11 years$17,169$15,354$13,709$12,224$10,887$6,357
12 years$15,577$13,781$12,167$10,722$9,434$5,195
13 years$14,232$12,454$10,870$9,466$8,227$4,266
14 years$13,079$11,320$9,767$8,403$7,212$3,517
15 years$12,081$10,341$8,818$7,494$6,350$2,909
16 years$11,209$9,488$7,995$6,710$5,612$2,412
17 years$10,440$8,738$7,275$6,029$4,976$2,004
18 years$9,757$8,074$6,641$5,433$4,424$1,668
19 years$9,147$7,483$6,080$4,909$3,943$1,391
20 years$8,599$6,954$5,580$4,446$3,522$1,161
21 years$8,103$6,477$5,132$4,035$3,152$970
22 years$7,653$6,046$4,730$3,669$2,825$811
23 years$7,243$5,655$4,367$3,342$2,536$678
24 years$6,868$5,298$4,039$3,048$2,280$568
25 years$6,523$4,972$3,741$2,783$2,051$476
26 years$6,205$4,673$3,470$2,545$1,848$399
27 years$5,911$4,398$3,222$2,329$1,666$334
28 years$5,639$4,144$2,995$2,134$1,503$280
29 years$5,386$3,909$2,787$1,957$1,357$235
30 years$5,150$3,692$2,596$1,796$1,226$197
31 years$4,930$3,490$2,420$1,650$1,109$165
32 years$4,724$3,302$2,258$1,516$1,003$139
33 years$4,531$3,127$2,109$1,394$908$116
34 years$4,350$2,964$1,970$1,283$822$98
35 years$4,179$2,811$1,842$1,181$744$82
36 years$4,018$2,668$1,723$1,088$674$69
37 years$3,867$2,534$1,613$1,002$611$58
38 years$3,723$2,409$1,510$924$554$48
39 years$3,587$2,290$1,415$852$503$41
40 years$3,459$2,179$1,326$785$456$34
41 years$3,337$2,074$1,244$725$414$29
42 years$3,221$1,975$1,167$669$375$24
43 years$3,111$1,882$1,095$617$341$20
44 years$3,006$1,794$1,027$570$309$17
45 years$2,906$1,711$965$526$281$14
46 years$2,811$1,632$906$486$255$12
47 years$2,720$1,558$851$449$231$10
48 years$2,633$1,487$800$415$210$8
49 years$2,550$1,420$752$384$191$7
50 years$2,470$1,356$707$355$173$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,530,000, adding $6,321 every year, while hoping to spend $59,102 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: 47/46/7 Blend
69$2,530,000$2,530,000$2,530,000$2,530,000
70$2,794,580$2,660,490$2,621,275$2,920,379
71$3,016,743$2,727,970$2,646,204$3,074,866
72$3,259,586$2,796,776$2,669,987$3,235,710
73$3,525,156$2,866,910$2,692,523$3,408,881
74$3,815,706$2,938,372$2,713,707$3,595,538
75$4,133,718$3,011,163$2,733,426$3,796,959
76$4,481,925$3,085,278$2,751,564$4,014,548
77$4,863,336$3,160,711$2,767,996$4,249,852
78$5,281,265$3,237,454$2,782,592$4,504,576
79$5,739,362$3,315,497$2,795,217$4,780,594
80$6,241,645$3,394,825$2,805,725$5,079,971
81$6,792,543$3,475,422$2,813,967$5,404,981
82$7,396,932$3,557,267$2,819,784$5,758,129
83$8,060,182$3,640,336$2,823,010$6,142,173
84$8,788,209$3,724,601$2,823,470$6,560,152
85$9,587,531$3,810,031$2,820,980$7,015,412
86$10,465,326$3,896,589$2,815,350$7,511,640
87$11,429,501$3,984,234$2,806,376$8,052,898
88$12,488,769$4,072,921$2,793,849$8,643,660
89$13,652,727$4,162,596$2,777,546$9,288,857
90$14,931,946$4,253,205$2,757,234$9,993,921
91$16,338,074$4,344,682$2,732,672$10,764,836
92$17,883,945$4,436,958$2,703,603$11,608,196
93$19,583,695$4,529,957$2,669,762$12,531,268
94$21,452,900$4,623,593$2,630,867$13,542,060
95$23,508,722$4,717,775$2,586,627$14,649,393
96$25,770,068$4,812,403$2,536,736$15,862,990
97$28,257,770$4,907,366$2,480,872$17,193,565
98$30,994,782$5,002,545$2,418,699$18,652,926
99$34,006,392$5,097,812$2,349,868$20,254,083
100$37,320,465$5,193,027$2,274,010$22,011,375