Can I retire at age 70 with 2,710,000?

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 $2,710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$223,789$221,796$219,851$217,953$216,099$214,918
2 years$110,787$108,723$106,724$104,785$102,904$101,712
3 years$73,124$71,052$69,057$67,137$65,287$64,121
4 years$54,297$52,231$50,256$48,368$46,563$45,432
5 years$43,003$40,950$39,001$37,151$35,397$34,304
6 years$35,476$33,438$31,518$29,710$28,008$26,956
7 years$30,102$28,081$26,192$24,426$22,778$21,766
8 years$26,074$24,071$22,213$20,491$18,897$17,925
9 years$22,942$20,958$19,132$17,454$15,914$14,983
10 years$20,438$18,474$16,680$15,045$13,559$12,668
11 years$18,391$16,446$14,684$13,094$11,661$10,809
12 years$16,686$14,761$13,032$11,485$10,106$9,292
13 years$15,244$13,340$11,643$10,140$8,812$8,036
14 years$14,010$12,125$10,462$9,001$7,725$6,986
15 years$12,941$11,077$9,445$8,027$6,801$6,098
16 years$12,006$10,163$8,564$7,187$6,011$5,343
17 years$11,183$9,359$7,793$6,458$5,330$4,696
18 years$10,451$8,649$7,114$5,820$4,739$4,138
19 years$9,798$8,015$6,512$5,259$4,224$3,654
20 years$9,210$7,448$5,977$4,763$3,773$3,234
21 years$8,680$6,938$5,497$4,322$3,376$2,867
22 years$8,198$6,476$5,067$3,930$3,026$2,545
23 years$7,758$6,057$4,678$3,579$2,717$2,263
24 years$7,356$5,675$4,326$3,264$2,442$2,014
25 years$6,987$5,326$4,007$2,981$2,197$1,794
26 years$6,646$5,005$3,716$2,726$1,979$1,600
27 years$6,332$4,711$3,451$2,495$1,784$1,428
28 years$6,040$4,439$3,208$2,286$1,610$1,276
29 years$5,769$4,187$2,985$2,096$1,454$1,140
30 years$5,516$3,955$2,781$1,924$1,314$1,019
31 years$5,281$3,738$2,593$1,767$1,188$912
32 years$5,060$3,537$2,419$1,624$1,074$816
33 years$4,853$3,350$2,259$1,493$972$731
34 years$4,659$3,175$2,110$1,374$880$655
35 years$4,476$3,011$1,973$1,265$797$587
36 years$4,304$2,858$1,846$1,165$722$526
37 years$4,142$2,715$1,727$1,073$655$471
38 years$3,988$2,580$1,618$989$594$423
39 years$3,843$2,453$1,516$912$538$379
40 years$3,705$2,334$1,421$841$488$340
41 years$3,574$2,222$1,332$776$443$305
42 years$3,450$2,116$1,250$716$402$274
43 years$3,332$2,016$1,172$661$365$246
44 years$3,220$1,922$1,101$611$331$221
45 years$3,113$1,833$1,033$564$301$198
46 years$3,011$1,748$971$521$273$178
47 years$2,913$1,668$912$481$248$160
48 years$2,820$1,593$857$445$225$143
49 years$2,731$1,521$805$411$204$129
50 years$2,646$1,453$757$380$186$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,710,000, adding $2,533 every year, while hoping to spend $38,739 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: 24/49/27 Blend
69$2,710,000$2,710,000$2,710,000$2,710,000
70$2,989,033$2,845,403$2,803,398$3,035,229
71$3,252,696$2,943,610$2,856,094$3,172,668
72$3,541,955$3,045,330$2,909,256$3,316,366
73$3,859,379$3,150,696$2,962,861$3,469,512
74$4,207,798$3,259,843$3,016,880$3,632,918
75$4,590,331$3,372,913$3,071,283$3,807,473
76$5,010,413$3,490,054$3,126,039$3,994,151
77$5,471,827$3,611,418$3,181,113$4,194,024
78$5,978,742$3,737,166$3,236,469$4,408,265
79$6,535,748$3,867,462$3,292,065$4,638,162
80$7,147,906$4,002,478$3,347,860$4,885,131
81$7,820,786$4,142,394$3,403,808$5,150,723
82$8,560,531$4,287,395$3,459,860$5,436,645
83$9,373,902$4,437,675$3,515,963$5,744,772
84$10,268,354$4,593,436$3,572,061$6,077,161
85$11,252,097$4,754,885$3,628,096$6,436,076
86$12,334,178$4,922,241$3,684,004$6,824,003
87$13,524,563$5,095,729$3,739,717$7,243,677
88$14,834,235$5,275,587$3,795,164$7,698,102
89$16,275,294$5,462,057$3,850,269$8,190,584
90$17,861,071$5,655,396$3,904,951$8,724,758
91$19,606,258$5,855,867$3,959,124$9,304,621
92$21,527,039$6,063,748$4,012,697$9,934,570
93$23,641,250$6,279,324$4,065,575$10,619,443
94$25,968,541$6,502,895$4,117,656$11,364,564
95$28,530,567$6,734,771$4,168,832$12,175,787
96$31,351,185$6,975,276$4,218,989$13,059,560
97$34,456,688$7,224,746$4,268,007$14,022,974
98$37,876,044$7,483,532$4,315,759$15,073,836
99$41,641,175$7,752,000$4,362,111$16,220,740
100$45,787,255$8,030,528$4,406,922$17,473,144