Can I retire at age 70 with 2,760,000?

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 $2,760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$227,918$225,888$223,907$221,974$220,086$218,608
2 years$112,831$110,729$108,693$106,718$104,803$103,312
3 years$74,473$72,363$70,331$68,375$66,491$65,034
4 years$55,298$53,194$51,183$49,261$47,422$46,009
5 years$43,796$41,705$39,720$37,837$36,050$34,686
6 years$36,131$34,055$32,100$30,258$28,525$27,212
7 years$30,658$28,600$26,675$24,877$23,198$21,936
8 years$26,555$24,515$22,623$20,869$19,245$18,035
9 years$23,365$21,345$19,485$17,776$16,207$15,048
10 years$20,815$18,814$16,987$15,323$13,809$12,700
11 years$18,730$16,749$14,955$13,335$11,877$10,817
12 years$16,993$15,033$13,273$11,697$10,292$9,281
13 years$15,525$13,586$11,858$10,327$8,975$8,012
14 years$14,268$12,349$10,655$9,167$7,867$6,951
15 years$13,179$11,281$9,620$8,175$6,927$6,056
16 years$12,228$10,350$8,722$7,320$6,122$5,295
17 years$11,389$9,532$7,936$6,577$5,428$4,644
18 years$10,644$8,808$7,245$5,927$4,827$4,083
19 years$9,979$8,163$6,632$5,356$4,302$3,599
20 years$9,380$7,586$6,087$4,851$3,843$3,178
21 years$8,840$7,066$5,599$4,402$3,439$2,811
22 years$8,349$6,596$5,160$4,003$3,082$2,490
23 years$7,901$6,169$4,764$3,645$2,767$2,209
24 years$7,492$5,780$4,406$3,325$2,487$1,961
25 years$7,116$5,424$4,081$3,036$2,238$1,743
26 years$6,769$5,098$3,785$2,776$2,016$1,551
27 years$6,449$4,798$3,515$2,541$1,817$1,381
28 years$6,151$4,521$3,267$2,328$1,640$1,231
29 years$5,875$4,265$3,041$2,135$1,481$1,097
30 years$5,618$4,028$2,832$1,959$1,338$979
31 years$5,378$3,807$2,640$1,800$1,210$873
32 years$5,153$3,603$2,464$1,654$1,094$780
33 years$4,943$3,412$2,300$1,521$990$697
34 years$4,745$3,234$2,149$1,399$897$622
35 years$4,559$3,067$2,009$1,288$812$556
36 years$4,384$2,911$1,880$1,186$736$497
37 years$4,218$2,765$1,759$1,093$667$445
38 years$4,062$2,628$1,648$1,008$605$398
39 years$3,914$2,499$1,544$929$548$356
40 years$3,773$2,377$1,447$857$497$318
41 years$3,640$2,263$1,357$791$451$285
42 years$3,514$2,155$1,273$730$409$255
43 years$3,394$2,053$1,194$673$372$228
44 years$3,279$1,957$1,121$622$337$204
45 years$3,170$1,866$1,052$574$306$183
46 years$3,066$1,780$989$530$278$164
47 years$2,967$1,699$929$490$252$147
48 years$2,872$1,622$873$453$229$131
49 years$2,782$1,549$820$419$208$118
50 years$2,695$1,480$771$387$189$105

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,760,000, adding $5,270 every year, while hoping to spend $33,708 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: 31/40/29 Blend
69$2,760,000$2,760,000$2,760,000$2,760,000
70$3,046,956$2,900,676$2,857,896$3,114,248
71$3,321,880$3,006,944$2,917,770$3,273,220
72$3,623,717$3,117,290$2,978,521$3,440,911
73$3,955,177$3,231,877$3,040,141$3,620,764
74$4,319,242$3,350,876$3,102,624$3,813,869
75$4,719,203$3,474,467$3,165,960$4,021,420
76$5,158,681$3,602,835$3,230,138$4,244,731
77$5,641,666$3,736,174$3,295,148$4,485,242
78$6,172,555$3,874,685$3,360,974$4,744,536
79$6,756,190$4,018,580$3,427,602$5,024,350
80$7,397,909$4,168,078$3,495,014$5,326,596
81$8,103,590$4,323,407$3,563,190$5,653,372
82$8,879,709$4,484,807$3,632,111$6,006,983
83$9,733,403$4,652,527$3,701,751$6,389,967
84$10,672,536$4,826,826$3,772,084$6,805,109
85$11,705,769$5,007,975$3,843,083$7,255,474
86$12,842,647$5,196,256$3,914,717$7,744,434
87$14,093,689$5,391,964$3,986,951$8,275,693
88$15,470,481$5,595,406$4,059,750$8,853,328
89$16,985,791$5,806,902$4,133,073$9,481,826
90$18,653,689$6,026,788$4,206,878$10,166,118
91$20,489,676$6,255,411$4,281,120$10,911,633
92$22,510,833$6,493,136$4,355,747$11,724,345
93$24,735,981$6,740,343$4,430,708$12,610,827
94$27,185,860$6,997,428$4,505,944$13,578,313
95$29,883,320$7,264,804$4,581,396$14,634,765
96$32,853,543$7,542,904$4,656,997$15,788,947
97$36,124,275$7,832,177$4,732,677$17,050,506
98$39,726,092$8,133,095$4,808,363$18,430,062
99$43,692,684$8,446,147$4,883,974$19,939,306
100$48,061,176$8,771,847$4,959,425$21,591,112