Can I retire at age 70 with 2,740,000?

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 $2,740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$226,267$224,251$222,285$220,366$218,491$212,692
2 years$112,013$109,927$107,905$105,945$104,044$98,241
3 years$73,934$71,839$69,822$67,880$66,010$60,386
4 years$54,898$52,809$50,812$48,904$47,079$41,677
5 years$43,479$41,403$39,433$37,563$35,788$30,623
6 years$35,869$33,809$31,867$30,039$28,318$23,395
7 years$30,436$28,392$26,482$24,697$23,030$18,349
8 years$26,362$24,337$22,459$20,718$19,106$14,664
9 years$23,196$21,190$19,344$17,647$16,090$11,884
10 years$20,664$18,678$16,864$15,212$13,709$9,734
11 years$18,594$16,628$14,847$13,239$11,790$8,040
12 years$16,870$14,924$13,176$11,612$10,217$6,684
13 years$15,413$13,487$11,772$10,252$8,910$5,587
14 years$14,165$12,260$10,577$9,100$7,810$4,690
15 years$13,084$11,199$9,550$8,116$6,877$3,951
16 years$12,139$10,275$8,658$7,267$6,078$3,338
17 years$11,307$9,463$7,879$6,529$5,389$2,827
18 years$10,567$8,744$7,192$5,884$4,792$2,399
19 years$9,906$8,104$6,584$5,317$4,271$2,040
20 years$9,312$7,531$6,043$4,815$3,815$1,737
21 years$8,776$7,015$5,558$4,370$3,414$1,480
22 years$8,288$6,548$5,123$3,974$3,060$1,263
23 years$7,844$6,124$4,730$3,619$2,747$1,079
24 years$7,438$5,738$4,374$3,301$2,469$922
25 years$7,064$5,385$4,052$3,014$2,222$788
26 years$6,720$5,061$3,758$2,756$2,001$675
27 years$6,402$4,763$3,489$2,523$1,804$577
28 years$6,107$4,488$3,244$2,311$1,628$495
29 years$5,833$4,234$3,019$2,120$1,470$424
30 years$5,577$3,998$2,812$1,945$1,328$363
31 years$5,339$3,780$2,621$1,787$1,201$311
32 years$5,116$3,576$2,446$1,642$1,086$267
33 years$4,907$3,387$2,284$1,510$983$229
34 years$4,711$3,210$2,134$1,389$890$196
35 years$4,526$3,045$1,995$1,279$806$168
36 years$4,352$2,890$1,866$1,178$730$144
37 years$4,187$2,745$1,747$1,085$662$124
38 years$4,032$2,608$1,636$1,000$600$106
39 years$3,885$2,480$1,532$922$544$91
40 years$3,746$2,360$1,436$851$494$78
41 years$3,614$2,246$1,347$785$448$67
42 years$3,488$2,139$1,263$724$406$58
43 years$3,369$2,038$1,185$669$369$49
44 years$3,256$1,943$1,113$617$335$42
45 years$3,147$1,853$1,045$570$304$36
46 years$3,044$1,768$981$527$276$31
47 years$2,946$1,687$922$487$251$27
48 years$2,851$1,610$866$450$228$23
49 years$2,761$1,538$814$416$207$20
50 years$2,675$1,469$766$384$188$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,740,000, adding $6,993 every year, while hoping to spend $35,102 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: 45/48/7 Blend
69$2,740,000$2,740,000$2,740,000$2,740,000
70$3,026,693$2,881,473$2,839,003$3,156,687
71$3,298,068$2,985,317$2,896,762$3,350,925
72$3,595,946$3,093,073$2,955,278$3,557,218
73$3,922,994$3,204,895$3,014,542$3,780,081
74$4,282,150$3,320,945$3,074,539$4,021,049
75$4,676,648$3,441,390$3,135,255$4,281,813
76$5,110,053$3,566,405$3,196,673$4,564,225
77$5,586,291$3,696,172$3,258,775$4,870,323
78$6,109,689$3,830,881$3,321,540$5,202,347
79$6,685,011$3,970,728$3,384,946$5,562,757
80$7,317,509$4,115,921$3,448,968$5,954,260
81$8,012,966$4,266,672$3,513,580$6,379,830
82$8,777,756$4,423,206$3,578,751$6,842,737
83$9,618,899$4,585,755$3,644,452$7,346,578
84$10,544,132$4,754,563$3,710,646$7,895,311
85$11,561,979$4,929,881$3,777,298$8,493,285
86$12,681,829$5,111,974$3,844,366$9,145,289
87$13,914,031$5,301,115$3,911,807$9,856,588
88$15,269,985$5,497,593$3,979,575$10,632,977
89$16,762,253$5,701,705$4,047,621$11,480,833
90$18,404,676$5,913,762$4,115,890$12,407,172
91$20,212,506$6,134,089$4,184,325$13,419,717
92$22,202,546$6,363,024$4,252,865$14,526,967
93$24,393,315$6,600,921$4,321,444$15,738,278
94$26,805,214$6,848,147$4,389,994$17,063,949
95$29,460,726$7,105,087$4,458,439$18,515,315
96$32,384,624$7,372,140$4,526,700$20,104,859
97$35,604,204$7,649,724$4,594,694$21,846,320
98$39,149,547$7,938,274$4,662,330$23,754,829
99$43,053,797$8,238,246$4,729,514$25,847,044
100$47,353,477$8,550,112$4,796,146$28,141,308