Can I retire at age 70 with 2,630,000?

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 $2,630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$217,183$215,248$213,361$211,519$209,720$203,251
2 years$107,516$105,514$103,573$101,692$99,867$93,406
3 years$70,966$68,955$67,019$65,155$63,359$57,109
4 years$52,694$50,689$48,773$46,940$45,189$39,197
5 years$41,734$39,741$37,849$36,055$34,352$28,635
6 years$34,429$32,451$30,588$28,833$27,181$21,745
7 years$29,214$27,253$25,419$23,705$22,106$16,948
8 years$25,304$23,360$21,557$19,886$18,339$13,458
9 years$22,265$20,339$18,567$16,938$15,444$10,834
10 years$19,835$17,928$16,187$14,601$13,159$8,813
11 years$17,848$15,960$14,251$12,707$11,317$7,227
12 years$16,193$14,325$12,647$11,146$9,807$5,965
13 years$14,794$12,946$11,300$9,840$8,552$4,949
14 years$13,596$11,767$10,153$8,735$7,497$4,123
15 years$12,559$10,750$9,167$7,790$6,601$3,447
16 years$11,652$9,863$8,311$6,975$5,834$2,889
17 years$10,853$9,083$7,563$6,267$5,173$2,427
18 years$10,143$8,393$6,904$5,648$4,599$2,043
19 years$9,509$7,779$6,320$5,103$4,099$1,723
20 years$8,939$7,228$5,800$4,622$3,662$1,454
21 years$8,423$6,733$5,335$4,195$3,277$1,229
22 years$7,956$6,285$4,917$3,814$2,937$1,040
23 years$7,529$5,878$4,540$3,474$2,637$881
24 years$7,139$5,508$4,199$3,168$2,370$746
25 years$6,781$5,169$3,889$2,893$2,132$632
26 years$6,450$4,858$3,607$2,645$1,921$536
27 years$6,145$4,572$3,349$2,421$1,732$455
28 years$5,862$4,308$3,113$2,219$1,563$386
29 years$5,599$4,064$2,897$2,035$1,411$328
30 years$5,354$3,838$2,699$1,867$1,275$278
31 years$5,125$3,628$2,516$1,715$1,153$236
32 years$4,911$3,433$2,347$1,576$1,043$201
33 years$4,710$3,251$2,192$1,449$944$171
34 years$4,521$3,081$2,048$1,333$854$145
35 years$4,344$2,922$1,915$1,227$774$123
36 years$4,177$2,774$1,791$1,130$701$105
37 years$4,019$2,635$1,676$1,042$635$89
38 years$3,870$2,504$1,570$960$576$76
39 years$3,729$2,381$1,471$885$522$64
40 years$3,596$2,265$1,379$816$474$55
41 years$3,469$2,156$1,293$753$430$46
42 years$3,348$2,054$1,213$695$390$40
43 years$3,234$1,957$1,138$642$354$34
44 years$3,125$1,865$1,068$593$321$29
45 years$3,021$1,778$1,003$547$292$24
46 years$2,922$1,697$942$506$265$21
47 years$2,827$1,619$885$467$241$18
48 years$2,737$1,546$832$432$218$15
49 years$2,650$1,476$782$399$198$13
50 years$2,568$1,410$735$369$180$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,630,000, adding $2,917 every year, while hoping to spend $26,610 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: 55/34/11 Blend
69$2,630,000$2,630,000$2,630,000$2,630,000
70$2,901,269$2,761,879$2,721,114$3,052,631
71$3,168,885$2,868,898$2,783,958$3,262,541
72$3,462,907$2,980,269$2,848,016$3,487,820
73$3,785,999$3,096,178$2,913,300$3,732,478
74$4,141,097$3,216,817$2,979,822$3,998,366
75$4,531,437$3,342,389$3,047,594$4,287,516
76$4,960,581$3,473,104$3,116,626$4,602,167
77$5,432,457$3,609,182$3,186,930$4,944,776
78$5,951,390$3,750,855$3,258,514$5,318,051
79$6,522,146$3,898,361$3,331,388$5,724,965
80$7,149,976$4,051,952$3,405,561$6,168,792
81$7,840,666$4,211,889$3,481,040$6,653,133
82$8,600,590$4,378,448$3,557,830$7,181,951
83$9,436,771$4,551,913$3,635,939$7,759,605
84$10,356,950$4,732,585$3,715,371$8,390,892
85$11,369,651$4,920,774$3,796,129$9,081,093
86$12,484,272$5,116,808$3,878,215$9,836,019
87$13,711,164$5,321,028$3,961,631$10,662,067
88$15,061,733$5,533,789$4,046,377$11,566,277
89$16,548,550$5,755,465$4,132,450$12,556,400
90$18,185,464$5,986,444$4,219,849$13,640,970
91$19,987,735$6,227,133$4,308,568$14,829,379
92$21,972,179$6,477,958$4,398,600$16,131,972
93$24,157,326$6,739,363$4,489,938$17,560,137
94$26,563,593$7,011,812$4,582,571$19,126,413
95$29,213,480$7,295,791$4,676,487$20,844,610
96$32,131,778$7,591,807$4,771,672$22,729,932
97$35,345,805$7,900,392$4,868,110$24,799,125
98$38,885,666$8,222,100$4,965,780$27,070,632
99$42,784,533$8,557,511$5,064,662$29,564,761
100$47,078,958$8,907,232$5,164,731$32,303,883