Can I retire at age 70 with 2,610,000?

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 $2,610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$215,531$213,612$211,738$209,910$208,125$202,111
2 years$106,699$104,712$102,786$100,918$99,107$93,096
3 years$70,426$68,430$66,509$64,659$62,878$57,057
4 years$52,293$50,303$48,402$46,583$44,845$39,260
5 years$41,416$39,438$37,562$35,781$34,090$28,757
6 years$34,167$32,204$30,355$28,614$26,975$21,897
7 years$28,992$27,045$25,225$23,525$21,938$17,116
8 years$25,112$23,183$21,393$19,735$18,199$13,631
9 years$22,095$20,185$18,426$16,810$15,326$11,006
10 years$19,684$17,792$16,064$14,490$13,059$8,981
11 years$17,712$15,839$14,143$12,611$11,231$7,389
12 years$16,070$14,216$12,551$11,061$9,733$6,119
13 years$14,682$12,847$11,214$9,765$8,487$5,094
14 years$13,493$11,678$10,076$8,669$7,440$4,258
15 years$12,463$10,668$9,097$7,731$6,550$3,572
16 years$11,563$9,788$8,248$6,922$5,789$3,005
17 years$10,770$9,014$7,505$6,220$5,133$2,534
18 years$10,066$8,329$6,851$5,605$4,564$2,141
19 years$9,436$7,720$6,272$5,065$4,068$1,812
20 years$8,871$7,173$5,756$4,587$3,634$1,536
21 years$8,359$6,682$5,294$4,163$3,252$1,303
22 years$7,895$6,237$4,880$3,785$2,915$1,107
23 years$7,472$5,834$4,505$3,447$2,617$941
24 years$7,085$5,466$4,167$3,144$2,352$800
25 years$6,729$5,129$3,859$2,871$2,116$681
26 years$6,401$4,821$3,579$2,625$1,906$580
27 years$6,098$4,537$3,324$2,403$1,719$494
28 years$5,817$4,275$3,090$2,202$1,551$421
29 years$5,556$4,033$2,875$2,019$1,400$359
30 years$5,313$3,809$2,678$1,853$1,265$306
31 years$5,086$3,600$2,497$1,702$1,144$261
32 years$4,873$3,407$2,330$1,564$1,035$223
33 years$4,674$3,226$2,175$1,438$936$190
34 years$4,487$3,058$2,032$1,323$848$162
35 years$4,311$2,900$1,900$1,218$768$138
36 years$4,145$2,753$1,778$1,122$696$118
37 years$3,989$2,615$1,664$1,034$631$101
38 years$3,841$2,485$1,558$953$572$86
39 years$3,701$2,363$1,460$879$518$73
40 years$3,568$2,248$1,368$810$470$63
41 years$3,442$2,140$1,283$748$427$54
42 years$3,323$2,038$1,203$690$387$46
43 years$3,209$1,942$1,129$637$351$39
44 years$3,101$1,851$1,060$588$319$33
45 years$2,998$1,765$995$543$290$28
46 years$2,900$1,684$935$502$263$24
47 years$2,806$1,607$878$463$239$21
48 years$2,716$1,534$825$428$217$18
49 years$2,630$1,465$776$396$197$15
50 years$2,548$1,399$729$366$179$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,610,000, adding $2,207 every year, while hoping to spend $35,543 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: 87/6/7 Blend
69$2,610,000$2,610,000$2,610,000$2,610,000
70$2,878,497$2,740,167$2,699,712$3,127,292
71$3,134,286$2,836,617$2,752,334$3,386,175
72$3,414,974$2,936,603$2,805,529$3,665,536
73$3,723,064$3,040,259$2,859,277$3,971,442
74$4,061,311$3,147,726$2,913,557$4,306,544
75$4,432,753$3,259,153$2,968,349$4,673,759
76$4,840,733$3,374,690$3,023,628$5,076,304
77$5,288,935$3,494,498$3,079,367$5,517,717
78$5,781,420$3,618,741$3,135,539$6,001,901
79$6,322,658$3,747,593$3,192,113$6,533,149
80$6,917,575$3,881,231$3,249,055$7,116,194
81$7,571,599$4,019,843$3,306,330$7,756,249
82$8,290,709$4,163,622$3,363,899$8,459,056
83$9,081,493$4,312,771$3,421,721$9,230,940
84$9,951,208$4,467,500$3,479,751$10,078,870
85$10,907,852$4,628,028$3,537,943$11,010,524
86$11,960,234$4,794,582$3,596,246$12,034,358
87$13,118,063$4,967,401$3,654,605$13,159,692
88$14,392,033$5,146,732$3,712,962$14,396,791
89$15,793,930$5,332,831$3,771,255$15,756,966
90$17,336,738$5,525,968$3,829,420$17,252,678
91$19,034,766$5,726,420$3,887,386$18,897,657
92$20,903,777$5,934,480$3,945,079$20,707,030
93$22,961,143$6,150,450$4,002,419$22,697,465
94$25,226,003$6,374,646$4,059,324$24,887,326
95$27,719,448$6,607,396$4,115,704$27,296,848
96$30,464,716$6,849,043$4,171,464$29,948,326
97$33,487,415$7,099,944$4,226,507$32,866,326
98$36,815,762$7,360,472$4,280,725$36,077,916
99$40,480,848$7,631,013$4,334,007$39,612,921
100$44,516,933$7,911,972$4,386,235$43,504,207