Can I retire at age 70 with 2,840,000?

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 $2,840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$234,525$232,436$230,397$228,408$226,466$223,173
2 years$116,101$113,939$111,843$109,812$107,841$104,531
3 years$76,632$74,460$72,370$70,357$68,419$65,194
4 years$56,901$54,736$52,667$50,689$48,797$45,682
5 years$45,066$42,914$40,872$38,934$37,094$34,099
6 years$37,178$35,042$33,030$31,136$29,352$26,479
7 years$31,546$29,429$27,448$25,598$23,871$21,121
8 years$27,324$25,226$23,278$21,474$19,803$17,177
9 years$24,042$21,964$20,050$18,291$16,677$14,173
10 years$21,418$19,360$17,480$15,767$14,210$11,825
11 years$19,273$17,235$15,389$13,722$12,221$9,954
12 years$17,486$15,469$13,657$12,036$10,590$8,438
13 years$15,975$13,980$12,202$10,626$9,235$7,195
14 years$14,682$12,707$10,963$9,433$8,095$6,164
15 years$13,561$11,608$9,899$8,412$7,128$5,302
16 years$12,582$10,650$8,974$7,532$6,300$4,576
17 years$11,719$9,808$8,166$6,768$5,586$3,960
18 years$10,953$9,063$7,455$6,099$4,966$3,435
19 years$10,268$8,400$6,825$5,511$4,427$2,986
20 years$9,652$7,806$6,263$4,991$3,954$2,600
21 years$9,096$7,271$5,761$4,530$3,538$2,268
22 years$8,591$6,787$5,310$4,119$3,172$1,980
23 years$8,131$6,348$4,903$3,751$2,847$1,731
24 years$7,709$5,947$4,534$3,421$2,559$1,515
25 years$7,322$5,581$4,199$3,124$2,303$1,327
26 years$6,965$5,245$3,895$2,857$2,074$1,163
27 years$6,635$4,937$3,617$2,615$1,870$1,020
28 years$6,330$4,652$3,362$2,396$1,687$895
29 years$6,046$4,388$3,129$2,197$1,524$786
30 years$5,781$4,144$2,914$2,016$1,377$690
31 years$5,534$3,918$2,717$1,852$1,245$606
32 years$5,303$3,707$2,535$1,702$1,126$533
33 years$5,086$3,511$2,367$1,565$1,019$469
34 years$4,882$3,327$2,211$1,440$923$412
35 years$4,691$3,156$2,068$1,326$836$363
36 years$4,511$2,995$1,934$1,221$757$319
37 years$4,340$2,845$1,810$1,125$686$281
38 years$4,179$2,704$1,695$1,037$622$247
39 years$4,027$2,571$1,588$956$564$217
40 years$3,883$2,446$1,489$882$512$191
41 years$3,746$2,328$1,396$813$464$168
42 years$3,616$2,217$1,309$751$421$148
43 years$3,492$2,113$1,229$693$382$131
44 years$3,374$2,014$1,153$640$347$115
45 years$3,262$1,920$1,083$591$315$101
46 years$3,155$1,832$1,017$546$286$89
47 years$3,053$1,748$956$504$260$79
48 years$2,955$1,669$898$466$236$69
49 years$2,862$1,594$844$431$214$61
50 years$2,773$1,522$794$398$195$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,840,000, adding $6,616 every year, while hoping to spend $27,594 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: 75/10/15 Blend
69$2,840,000$2,840,000$2,840,000$2,840,000
70$3,136,504$2,985,984$2,941,964$3,361,039
71$3,427,068$3,102,938$3,011,160$3,627,312
72$3,746,344$3,224,697$3,081,750$3,914,990
73$4,097,233$3,351,469$3,153,750$4,229,542
74$4,482,928$3,483,468$3,227,178$4,573,634
75$4,906,949$3,620,920$3,302,050$4,950,201
76$5,373,173$3,764,061$3,378,385$5,362,475
77$5,885,872$3,913,135$3,456,196$5,814,015
78$6,449,753$4,068,400$3,535,500$6,308,739
79$7,070,000$4,230,124$3,616,311$6,850,966
80$7,752,327$4,398,587$3,698,645$7,445,447
81$8,503,029$4,574,083$3,782,514$8,097,419
82$9,329,041$4,756,916$3,867,932$8,812,648
83$10,238,006$4,947,408$3,954,910$9,597,486
84$11,238,343$5,145,891$4,043,460$10,458,929
85$12,339,331$5,352,717$4,133,593$11,404,684
86$13,551,191$5,568,249$4,225,317$12,443,239
87$14,885,189$5,792,869$4,318,641$13,583,946
88$16,353,736$6,026,977$4,413,573$14,837,106
89$17,970,507$6,270,989$4,510,118$16,214,066
90$19,750,573$6,525,341$4,608,281$17,727,330
91$21,710,538$6,790,490$4,708,065$19,390,668
92$23,868,700$7,066,911$4,809,473$21,219,255
93$26,245,221$7,355,103$4,912,503$23,229,806
94$28,862,317$7,655,587$5,017,156$25,440,739
95$31,744,470$7,968,907$5,123,427$27,872,343
96$34,918,655$8,295,633$5,231,311$30,546,974
97$38,414,599$8,636,360$5,340,801$33,489,261
98$42,265,058$8,991,712$5,451,888$36,726,342
99$46,506,127$9,362,339$5,564,560$40,288,116
100$51,177,582$9,748,923$5,678,802$44,207,527