Can I retire at age 70 with 2,620,000?

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 $2,620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$216,357$214,430$212,550$210,714$208,922$206,913
2 years$107,108$105,113$103,179$101,305$99,487$97,462
3 years$70,696$68,692$66,764$64,907$63,119$61,142
4 years$52,493$50,496$48,587$46,762$45,017$43,103
5 years$41,575$39,590$37,706$35,918$34,221$32,377
6 years$34,298$32,328$30,472$28,724$27,078$25,305
7 years$29,103$27,149$25,322$23,615$22,022$20,320
8 years$25,208$23,272$21,475$19,810$18,269$16,639
9 years$22,180$20,262$18,497$16,874$15,385$13,827
10 years$19,759$17,860$16,126$14,546$13,109$11,621
11 years$17,780$15,900$14,197$12,659$11,274$9,855
12 years$16,132$14,271$12,599$11,104$9,770$8,419
13 years$14,738$12,897$11,257$9,803$8,520$7,235
14 years$13,544$11,723$10,114$8,702$7,468$6,248
15 years$12,511$10,709$9,132$7,761$6,576$5,418
16 years$11,608$9,825$8,279$6,949$5,812$4,714
17 years$10,811$9,049$7,534$6,243$5,153$4,115
18 years$10,104$8,361$6,877$5,627$4,582$3,600
19 years$9,472$7,749$6,296$5,084$4,084$3,157
20 years$8,905$7,201$5,778$4,605$3,648$2,773
21 years$8,391$6,707$5,315$4,179$3,264$2,441
22 years$7,925$6,261$4,898$3,800$2,926$2,151
23 years$7,501$5,856$4,523$3,460$2,627$1,898
24 years$7,112$5,487$4,183$3,156$2,361$1,676
25 years$6,755$5,149$3,874$2,882$2,124$1,482
26 years$6,426$4,839$3,593$2,635$1,914$1,311
27 years$6,121$4,554$3,336$2,412$1,725$1,161
28 years$5,839$4,291$3,102$2,210$1,557$1,029
29 years$5,577$4,048$2,886$2,027$1,406$912
30 years$5,333$3,823$2,689$1,860$1,270$809
31 years$5,105$3,614$2,506$1,708$1,148$718
32 years$4,892$3,420$2,339$1,570$1,039$637
33 years$4,692$3,239$2,184$1,444$940$566
34 years$4,504$3,070$2,040$1,328$851$503
35 years$4,328$2,911$1,907$1,223$771$447
36 years$4,161$2,763$1,784$1,126$698$397
37 years$4,004$2,625$1,670$1,038$633$353
38 years$3,856$2,494$1,564$956$574$314
39 years$3,715$2,372$1,465$882$520$279
40 years$3,582$2,257$1,373$813$472$248
41 years$3,456$2,148$1,288$750$428$221
42 years$3,336$2,046$1,208$693$389$196
43 years$3,222$1,949$1,134$639$353$175
44 years$3,113$1,858$1,064$590$320$155
45 years$3,009$1,772$999$545$291$138
46 years$2,911$1,690$938$504$264$123
47 years$2,817$1,613$882$465$240$110
48 years$2,726$1,540$828$430$218$98
49 years$2,640$1,470$779$397$198$87
50 years$2,558$1,405$732$367$180$77

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,620,000, adding $3,104 every year, while hoping to spend $42,609 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: 27/47/26 Blend
69$2,620,000$2,620,000$2,620,000$2,620,000
70$2,890,442$2,751,582$2,710,972$2,944,910
71$3,139,931$2,841,074$2,756,454$3,078,364
72$3,413,440$2,933,523$2,802,031$3,217,656
73$3,713,375$3,029,028$2,847,662$3,366,334
74$4,042,383$3,127,695$2,893,303$3,525,227
75$4,403,382$3,229,628$2,938,905$3,695,241
76$4,799,587$3,334,940$2,984,418$3,877,376
77$5,234,537$3,443,744$3,029,788$4,072,725
78$5,712,131$3,556,159$3,074,958$4,282,492
79$6,236,667$3,672,309$3,119,867$4,508,000
80$6,812,874$3,792,319$3,164,450$4,750,702
81$7,445,967$3,916,322$3,208,638$5,012,195
82$8,141,687$4,044,454$3,252,360$5,294,237
83$8,906,363$4,176,856$3,295,538$5,598,758
84$9,746,964$4,313,674$3,338,090$5,927,882
85$10,671,168$4,455,058$3,379,930$6,283,946
86$11,687,437$4,601,166$3,420,967$6,669,520
87$12,805,092$4,752,158$3,461,106$7,087,432
88$14,034,401$4,908,204$3,500,243$7,540,791
89$15,386,681$5,069,477$3,538,272$8,033,023
90$16,874,397$5,236,156$3,575,079$8,567,894
91$18,511,286$5,408,429$3,610,545$9,149,552
92$20,312,483$5,586,487$3,644,543$9,782,562
93$22,294,662$5,770,531$3,676,941$10,471,947
94$24,476,198$5,960,768$3,707,599$11,223,239
95$26,877,337$6,157,412$3,736,370$12,042,529
96$29,520,386$6,360,685$3,763,099$12,936,522
97$32,429,924$6,570,818$3,787,622$13,912,601
98$35,633,038$6,788,049$3,809,768$14,978,898
99$39,159,569$7,012,625$3,829,357$16,144,364
100$43,042,403$7,244,802$3,846,199$17,418,860