Can I retire at age 70 with 2,560,000?

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 $2,560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$211,402$209,519$207,682$205,889$204,138$198,159
2 years$104,655$102,706$100,817$98,985$97,209$91,234
3 years$69,077$67,119$65,235$63,421$61,673$55,889
4 years$51,291$49,340$47,474$45,691$43,986$38,437
5 years$40,623$38,683$36,842$35,095$33,437$28,139
6 years$33,513$31,588$29,774$28,066$26,458$21,415
7 years$28,436$26,527$24,742$23,074$21,517$16,729
8 years$24,630$22,739$20,983$19,357$17,851$13,315
9 years$21,672$19,798$18,073$16,488$15,033$10,745
10 years$19,307$17,451$15,756$14,212$12,809$8,763
11 years$17,373$15,536$13,872$12,369$11,016$7,205
12 years$15,762$13,944$12,311$10,849$9,546$5,962
13 years$14,400$12,601$10,999$9,578$8,324$4,960
14 years$13,234$11,454$9,883$8,503$7,297$4,144
15 years$12,224$10,464$8,923$7,583$6,425$3,474
16 years$11,342$9,600$8,090$6,790$5,678$2,920
17 years$10,564$8,841$7,361$6,100$5,035$2,461
18 years$9,873$8,170$6,720$5,498$4,477$2,078
19 years$9,256$7,572$6,152$4,968$3,990$1,757
20 years$8,701$7,036$5,646$4,499$3,564$1,488
21 years$8,199$6,554$5,193$4,083$3,190$1,261
22 years$7,744$6,118$4,786$3,713$2,859$1,070
23 years$7,329$5,722$4,419$3,381$2,566$909
24 years$6,949$5,361$4,087$3,084$2,307$773
25 years$6,600$5,031$3,785$2,816$2,076$657
26 years$6,278$4,728$3,511$2,575$1,870$559
27 years$5,981$4,450$3,260$2,357$1,686$476
28 years$5,706$4,193$3,031$2,160$1,521$405
29 years$5,450$3,956$2,820$1,980$1,373$345
30 years$5,211$3,736$2,627$1,817$1,241$294
31 years$4,988$3,532$2,449$1,669$1,122$251
32 years$4,780$3,342$2,285$1,534$1,015$214
33 years$4,585$3,164$2,134$1,411$918$182
34 years$4,401$2,999$1,993$1,298$832$155
35 years$4,229$2,845$1,864$1,195$753$132
36 years$4,066$2,700$1,743$1,100$682$113
37 years$3,912$2,564$1,632$1,014$619$96
38 years$3,767$2,437$1,528$935$561$82
39 years$3,630$2,317$1,432$862$509$70
40 years$3,500$2,205$1,342$795$461$60
41 years$3,376$2,099$1,258$733$418$51
42 years$3,259$1,999$1,180$677$380$43
43 years$3,148$1,905$1,108$625$345$37
44 years$3,042$1,815$1,040$577$313$32
45 years$2,941$1,731$976$533$284$27
46 years$2,844$1,651$917$492$258$23
47 years$2,752$1,576$861$455$234$20
48 years$2,664$1,504$809$420$213$17
49 years$2,580$1,437$761$388$193$14
50 years$2,499$1,372$715$359$175$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,560,000, adding $2,458 every year, while hoping to spend $29,804 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: 41/46/13 Blend
69$2,560,000$2,560,000$2,560,000$2,560,000
70$2,823,655$2,687,975$2,648,295$2,928,477
71$3,079,957$2,787,975$2,705,302$3,102,546
72$3,361,403$2,891,876$2,763,220$3,287,695
73$3,670,525$2,999,837$2,822,047$3,487,433
74$4,010,115$3,112,026$2,881,782$3,703,101
75$4,383,247$3,228,615$2,942,422$3,936,171
76$4,793,308$3,349,787$3,003,963$4,188,261
77$5,244,029$3,475,730$3,066,399$4,461,146
78$5,739,520$3,606,640$3,129,723$4,756,779
79$6,284,309$3,742,724$3,193,928$5,077,304
80$6,883,387$3,884,197$3,259,003$5,425,076
81$7,542,251$4,031,280$3,324,937$5,802,687
82$8,266,957$4,184,209$3,391,719$6,212,984
83$9,064,177$4,343,226$3,459,332$6,659,097
84$9,941,265$4,508,586$3,527,761$7,144,469
85$10,906,320$4,680,553$3,596,988$7,672,885
86$11,968,270$4,859,405$3,666,992$8,248,509
87$13,136,947$5,045,430$3,737,750$8,875,922
88$14,423,189$5,238,929$3,809,238$9,560,160
89$15,838,935$5,440,217$3,881,428$10,306,768
90$17,397,342$5,649,623$3,954,291$11,121,843
91$19,112,905$5,867,489$4,027,795$12,012,097
92$21,001,599$6,094,174$4,101,903$12,984,916
93$23,081,023$6,330,049$4,176,578$14,048,425
94$25,370,573$6,575,507$4,251,778$15,211,572
95$27,891,617$6,830,953$4,327,459$16,484,201
96$30,667,706$7,096,813$4,403,573$17,877,153
97$33,724,787$7,373,532$4,480,067$19,402,357
98$37,091,452$7,661,572$4,556,887$21,072,950
99$40,799,210$7,961,419$4,633,972$22,903,392
100$44,882,779$8,273,578$4,711,259$24,909,607