Can I retire at age 70 with 2,670,000?

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 $2,670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$220,486$218,522$216,606$214,736$212,910$209,901
2 years$109,152$107,119$105,149$103,238$101,385$98,360
3 years$72,045$70,003$68,038$66,146$64,323$61,375
4 years$53,495$51,460$49,514$47,654$45,876$43,028
5 years$42,368$40,345$38,425$36,603$34,874$32,135
6 years$34,953$32,945$31,053$29,272$27,595$24,967
7 years$29,658$27,667$25,805$24,066$22,442$19,927
8 years$25,689$23,716$21,885$20,188$18,618$16,215
9 years$22,603$20,649$18,850$17,196$15,679$13,387
10 years$20,136$18,201$16,433$14,823$13,359$11,176
11 years$18,119$16,203$14,468$12,901$11,489$9,414
12 years$16,439$14,543$12,840$11,316$9,956$7,985
13 years$15,019$13,143$11,471$9,990$8,682$6,813
14 years$13,803$11,946$10,307$8,868$7,611$5,841
15 years$12,750$10,913$9,306$7,909$6,701$5,027
16 years$11,829$10,013$8,437$7,081$5,922$4,342
17 years$11,018$9,221$7,678$6,362$5,251$3,760
18 years$10,297$8,521$7,009$5,734$4,669$3,264
19 years$9,653$7,897$6,416$5,181$4,162$2,839
20 years$9,074$7,338$5,888$4,692$3,717$2,474
21 years$8,552$6,835$5,416$4,259$3,327$2,160
22 years$8,077$6,381$4,992$3,872$2,982$1,887
23 years$7,644$5,968$4,609$3,526$2,677$1,651
24 years$7,248$5,591$4,263$3,216$2,406$1,446
25 years$6,884$5,247$3,948$2,937$2,165$1,267
26 years$6,548$4,931$3,662$2,686$1,950$1,112
27 years$6,238$4,641$3,400$2,458$1,758$976
28 years$5,951$4,373$3,161$2,252$1,586$857
29 years$5,684$4,126$2,941$2,065$1,432$753
30 years$5,435$3,896$2,740$1,896$1,294$662
31 years$5,203$3,683$2,554$1,741$1,170$582
32 years$4,985$3,485$2,383$1,600$1,059$512
33 years$4,782$3,300$2,225$1,471$958$451
34 years$4,590$3,128$2,079$1,354$867$397
35 years$4,410$2,967$1,944$1,246$786$349
36 years$4,241$2,816$1,818$1,148$712$307
37 years$4,080$2,675$1,702$1,057$645$271
38 years$3,929$2,542$1,594$975$585$239
39 years$3,786$2,417$1,493$899$530$210
40 years$3,650$2,300$1,400$829$481$185
41 years$3,522$2,189$1,312$765$436$163
42 years$3,399$2,085$1,231$706$396$144
43 years$3,283$1,986$1,155$652$359$127
44 years$3,172$1,893$1,084$602$326$112
45 years$3,067$1,806$1,018$556$296$98
46 years$2,966$1,722$956$513$269$87
47 years$2,870$1,644$898$474$244$76
48 years$2,779$1,569$844$438$222$67
49 years$2,691$1,498$794$405$201$59
50 years$2,607$1,431$746$374$183$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,670,000, adding $3,431 every year, while hoping to spend $57,805 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: 49/32/19 Blend
69$2,670,000$2,670,000$2,670,000$2,670,000
70$2,945,879$2,804,369$2,762,984$3,074,385
71$3,184,855$2,880,279$2,794,040$3,239,691
72$3,446,268$2,957,971$2,824,199$3,412,991
73$3,732,348$3,037,472$2,853,370$3,600,027
74$4,045,546$3,118,807$2,881,456$3,802,114
75$4,388,564$3,202,001$2,908,358$4,020,699
76$4,764,377$3,287,078$2,933,967$4,257,376
77$5,176,261$3,374,062$2,958,172$4,513,900
78$5,627,822$3,462,974$2,980,854$4,792,202
79$6,123,036$3,553,836$3,001,888$5,094,412
80$6,666,279$3,646,667$3,021,145$5,422,874
81$7,262,372$3,741,486$3,038,485$5,780,170
82$7,916,624$3,838,309$3,053,765$6,169,146
83$8,634,885$3,937,151$3,066,831$6,592,933
84$9,423,597$4,038,026$3,077,524$7,054,986
85$10,289,859$4,140,944$3,085,676$7,559,107
86$11,241,488$4,245,914$3,091,110$8,109,487
87$12,287,099$4,352,943$3,093,641$8,710,743
88$13,436,180$4,462,034$3,093,075$9,367,961
89$14,699,185$4,573,188$3,089,207$10,086,748
90$16,087,631$4,686,403$3,081,824$10,873,279
91$17,614,205$4,801,673$3,070,702$11,734,360
92$19,292,888$4,918,989$3,055,604$12,677,490
93$21,139,080$5,038,337$3,036,285$13,710,934
94$23,169,751$5,159,700$3,012,485$14,843,797
95$25,403,597$5,283,057$2,983,934$16,086,116
96$27,861,217$5,408,380$2,950,349$17,448,949
97$30,565,307$5,535,636$2,911,432$18,944,482
98$33,540,875$5,664,789$2,866,872$20,586,146
99$36,815,475$5,795,795$2,816,343$22,388,741
100$40,419,468$5,928,603$2,759,504$24,368,577