Can I retire at age 70 with 2,870,000?

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 $2,870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$237,002$234,891$232,831$230,821$228,858$224,605
2 years$117,328$115,143$113,025$110,972$108,980$104,711
3 years$77,441$75,247$73,135$71,101$69,141$64,989
4 years$57,502$55,314$53,223$51,224$49,312$45,309
5 years$45,542$43,367$41,303$39,345$37,486$33,644
6 years$37,571$35,413$33,379$31,464$29,662$25,984
7 years$31,880$29,739$27,738$25,869$24,123$20,611
8 years$27,613$25,492$23,524$21,701$20,012$16,665
9 years$24,296$22,196$20,261$18,484$16,853$13,669
10 years$21,645$19,564$17,664$15,933$14,360$11,336
11 years$19,476$17,417$15,551$13,867$12,350$9,482
12 years$17,671$15,632$13,802$12,163$10,702$7,987
13 years$16,144$14,127$12,331$10,738$9,332$6,765
14 years$14,837$12,841$11,079$9,532$8,181$5,757
15 years$13,705$11,731$10,003$8,501$7,203$4,918
16 years$12,715$10,763$9,069$7,612$6,366$4,215
17 years$11,843$9,912$8,253$6,839$5,645$3,621
18 years$11,068$9,159$7,534$6,163$5,019$3,119
19 years$10,376$8,489$6,897$5,569$4,473$2,691
20 years$9,754$7,888$6,329$5,044$3,996$2,326
21 years$9,192$7,347$5,822$4,578$3,576$2,013
22 years$8,682$6,859$5,366$4,162$3,205$1,745
23 years$8,216$6,415$4,954$3,791$2,877$1,514
24 years$7,791$6,010$4,582$3,457$2,586$1,314
25 years$7,399$5,640$4,244$3,157$2,327$1,142
26 years$7,039$5,301$3,936$2,887$2,096$993
27 years$6,706$4,989$3,655$2,642$1,890$864
28 years$6,397$4,701$3,398$2,421$1,705$752
29 years$6,110$4,435$3,162$2,220$1,540$655
30 years$5,842$4,188$2,945$2,038$1,391$570
31 years$5,592$3,959$2,746$1,871$1,258$497
32 years$5,359$3,746$2,562$1,720$1,138$433
33 years$5,140$3,548$2,392$1,581$1,030$378
34 years$4,934$3,362$2,235$1,455$932$329
35 years$4,741$3,189$2,089$1,340$844$287
36 years$4,558$3,027$1,955$1,234$765$251
37 years$4,386$2,875$1,829$1,137$693$219
38 years$4,224$2,732$1,713$1,048$629$191
39 years$4,070$2,598$1,605$966$570$167
40 years$3,924$2,472$1,504$891$517$145
41 years$3,785$2,353$1,411$822$469$127
42 years$3,654$2,241$1,323$759$426$111
43 years$3,529$2,135$1,242$700$386$97
44 years$3,410$2,035$1,166$647$351$84
45 years$3,297$1,941$1,094$597$318$74
46 years$3,188$1,851$1,028$552$289$64
47 years$3,085$1,767$966$510$262$56
48 years$2,987$1,687$907$471$238$49
49 years$2,892$1,611$853$435$216$43
50 years$2,802$1,539$802$402$197$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,870,000, adding $3,926 every year, while hoping to spend $40,502 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: 36/46/18 Blend
69$2,870,000$2,870,000$2,870,000$2,870,000
70$3,166,790$3,014,680$2,970,195$3,263,313
71$3,446,708$3,119,305$3,026,602$3,438,420
72$3,753,821$3,227,700$3,083,542$3,623,244
73$4,090,860$3,340,006$3,140,989$3,821,924
74$4,460,832$3,456,370$3,198,917$4,035,720
75$4,867,051$3,576,947$3,257,295$4,266,016
76$5,313,168$3,701,895$3,316,092$4,514,330
77$5,803,203$3,831,380$3,375,273$4,782,332
78$6,341,587$3,965,575$3,434,803$5,071,855
79$6,933,200$4,104,659$3,494,639$5,384,915
80$7,583,417$4,248,818$3,554,741$5,723,726
81$8,298,163$4,398,247$3,615,061$6,090,724
82$9,083,961$4,553,147$3,675,551$6,488,584
83$9,948,001$4,713,727$3,736,158$6,920,252
84$10,898,203$4,880,206$3,796,826$7,388,964
85$11,943,295$5,052,811$3,857,495$7,898,281
86$13,092,891$5,231,779$3,918,101$8,452,119
87$14,357,584$5,417,354$3,978,575$9,054,786
88$15,749,046$5,609,793$4,038,846$9,711,024
89$17,280,137$5,809,361$4,098,836$10,426,048
90$18,965,027$6,016,336$4,158,463$11,205,599
91$20,819,329$6,231,006$4,217,640$12,055,993
92$22,860,246$6,453,670$4,276,276$12,984,183
93$25,106,732$6,684,641$4,334,273$13,997,821
94$27,579,675$6,924,244$4,391,527$15,105,331
95$30,302,087$7,172,818$4,447,929$16,315,987
96$33,299,328$7,430,714$4,503,362$17,639,996
97$36,599,340$7,698,299$4,557,706$19,088,599
98$40,232,913$7,975,956$4,610,829$20,674,172
99$44,233,974$8,264,082$4,662,596$22,410,340
100$48,639,909$8,563,091$4,712,862$24,312,109