Can I retire at age 70 with 2,590,000?

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 $2,590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$213,880$211,975$210,116$208,302$206,530$203,360
2 years$105,881$103,909$101,998$100,145$98,348$95,161
3 years$69,886$67,906$65,999$64,164$62,396$59,293
4 years$51,892$49,918$48,031$46,226$44,501$41,505
5 years$41,099$39,136$37,274$35,506$33,829$30,949
6 years$33,905$31,958$30,123$28,395$26,768$24,006
7 years$28,769$26,838$25,032$23,345$21,769$19,128
8 years$24,919$23,005$21,229$19,583$18,060$15,538
9 years$21,926$20,030$18,285$16,681$15,209$12,805
10 years$19,533$17,656$15,941$14,379$12,959$10,671
11 years$17,576$15,718$14,034$12,514$11,145$8,971
12 years$15,947$14,107$12,455$10,976$9,658$7,596
13 years$14,569$12,749$11,128$9,691$8,422$6,468
14 years$13,389$11,588$9,998$8,602$7,383$5,534
15 years$12,368$10,586$9,027$7,672$6,500$4,753
16 years$11,475$9,713$8,184$6,869$5,745$4,096
17 years$10,688$8,945$7,448$6,172$5,094$3,540
18 years$9,989$8,266$6,799$5,562$4,529$3,067
19 years$9,364$7,660$6,224$5,026$4,037$2,662
20 years$8,803$7,118$5,712$4,552$3,606$2,314
21 years$8,295$6,631$5,254$4,131$3,227$2,015
22 years$7,835$6,189$4,842$3,756$2,892$1,757
23 years$7,415$5,789$4,471$3,421$2,596$1,534
24 years$7,030$5,424$4,135$3,120$2,334$1,340
25 years$6,677$5,090$3,830$2,849$2,100$1,172
26 years$6,352$4,784$3,552$2,605$1,892$1,025
27 years$6,051$4,502$3,298$2,385$1,705$898
28 years$5,773$4,242$3,066$2,185$1,539$787
29 years$5,513$4,002$2,853$2,004$1,390$690
30 years$5,272$3,780$2,658$1,839$1,256$605
31 years$5,047$3,573$2,478$1,689$1,135$530
32 years$4,836$3,381$2,312$1,552$1,027$465
33 years$4,638$3,202$2,159$1,427$929$409
34 years$4,453$3,034$2,017$1,313$841$359
35 years$4,278$2,878$1,886$1,209$762$315
36 years$4,114$2,732$1,764$1,113$690$277
37 years$3,958$2,594$1,651$1,026$626$243
38 years$3,811$2,466$1,546$945$567$214
39 years$3,673$2,345$1,448$872$514$188
40 years$3,541$2,231$1,358$804$467$165
41 years$3,416$2,123$1,273$742$423$145
42 years$3,297$2,022$1,194$685$384$127
43 years$3,185$1,927$1,121$632$349$112
44 years$3,077$1,837$1,052$584$316$98
45 years$2,975$1,751$988$539$287$87
46 years$2,877$1,671$928$498$261$76
47 years$2,784$1,594$871$460$237$67
48 years$2,695$1,522$819$425$215$59
49 years$2,610$1,454$770$393$195$52
50 years$2,529$1,388$724$363$177$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,590,000, adding $5,227 every year, while hoping to spend $57,899 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: 86/6/8 Blend
69$2,590,000$2,590,000$2,590,000$2,590,000
70$2,859,572$2,722,302$2,682,157$3,102,672
71$3,089,644$2,794,090$2,710,405$3,333,824
72$3,341,243$2,867,456$2,737,659$3,579,321
73$3,616,503$2,942,415$2,763,824$3,847,259
74$3,917,776$3,018,983$2,788,801$4,139,858
75$4,247,648$3,097,172$2,812,485$4,459,563
76$4,608,971$3,176,996$2,834,766$4,809,067
77$5,004,882$3,258,465$2,855,527$5,191,336
78$5,438,839$3,341,589$2,874,646$5,609,636
79$5,914,649$3,426,375$2,891,995$6,067,566
80$6,436,504$3,512,828$2,907,438$6,569,089
81$7,009,023$3,600,952$2,920,832$7,118,571
82$7,637,293$3,690,748$2,932,030$7,720,819
83$8,326,917$3,782,215$2,940,873$8,381,132
84$9,084,067$3,875,348$2,947,197$9,105,346
85$9,915,542$3,970,141$2,950,828$9,899,889
86$10,828,832$4,066,582$2,951,586$10,771,844
87$11,832,187$4,164,659$2,949,278$11,729,015
88$12,934,698$4,264,355$2,943,707$12,779,998
89$14,146,377$4,365,648$2,934,660$13,934,265
90$15,478,256$4,468,513$2,921,920$15,202,251
91$16,942,488$4,572,921$2,905,255$16,595,453
92$18,552,464$4,678,836$2,884,422$18,126,540
93$20,322,935$4,786,219$2,859,171$19,809,469
94$22,270,155$4,895,024$2,829,233$21,659,620
95$24,412,031$5,005,201$2,794,333$23,693,937
96$26,768,294$5,116,691$2,754,179$25,931,093
97$29,360,682$5,229,431$2,708,466$28,391,661
98$32,213,148$5,343,349$2,656,876$31,098,310
99$35,352,081$5,458,366$2,599,074$34,076,018
100$38,806,562$5,574,394$2,534,711$37,352,312