Can I retire at age 70 with 2,900,000?

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 $2,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$239,479$237,346$235,265$233,234$231,250$227,326
2 years$118,554$116,346$114,206$112,132$110,119$106,177
3 years$78,251$76,033$73,899$71,844$69,864$66,028
4 years$58,103$55,893$53,780$51,759$49,828$46,126
5 years$46,018$43,821$41,735$39,756$37,878$34,323
6 years$37,964$35,783$33,728$31,793$29,972$26,566
7 years$32,213$30,050$28,028$26,139$24,375$21,120
8 years$27,902$25,759$23,770$21,927$20,221$17,116
9 years$24,550$22,428$20,473$18,677$17,029$14,072
10 years$21,871$19,769$17,849$16,100$14,510$11,699
11 years$19,680$17,599$15,714$14,012$12,479$9,811
12 years$17,855$15,796$13,946$12,290$10,814$8,285
13 years$16,313$14,275$12,460$10,850$9,430$7,036
14 years$14,992$12,975$11,195$9,632$8,266$6,004
15 years$13,848$11,853$10,108$8,590$7,278$5,143
16 years$12,848$10,875$9,164$7,691$6,433$4,420
17 years$11,967$10,016$8,339$6,911$5,704$3,809
18 years$11,184$9,255$7,612$6,228$5,071$3,290
19 years$10,485$8,577$6,969$5,627$4,520$2,847
20 years$9,856$7,970$6,396$5,097$4,038$2,468
21 years$9,288$7,424$5,883$4,626$3,613$2,143
22 years$8,772$6,930$5,422$4,206$3,239$1,863
23 years$8,302$6,482$5,006$3,830$2,907$1,621
24 years$7,872$6,073$4,630$3,493$2,613$1,412
25 years$7,477$5,699$4,288$3,190$2,351$1,231
26 years$7,112$5,356$3,977$2,917$2,118$1,073
27 years$6,776$5,041$3,693$2,670$1,910$937
28 years$6,463$4,750$3,433$2,446$1,723$818
29 years$6,173$4,481$3,195$2,243$1,556$715
30 years$5,903$4,232$2,976$2,059$1,406$625
31 years$5,651$4,001$2,774$1,891$1,271$546
32 years$5,415$3,785$2,588$1,738$1,150$478
33 years$5,193$3,585$2,417$1,598$1,040$418
34 years$4,986$3,398$2,258$1,470$942$366
35 years$4,790$3,223$2,111$1,354$853$320
36 years$4,606$3,059$1,975$1,247$773$280
37 years$4,432$2,905$1,849$1,149$701$245
38 years$4,268$2,761$1,731$1,059$635$215
39 years$4,112$2,625$1,622$976$576$188
40 years$3,965$2,498$1,520$900$522$165
41 years$3,825$2,378$1,425$831$474$144
42 years$3,692$2,264$1,337$767$430$126
43 years$3,566$2,157$1,255$708$390$111
44 years$3,446$2,056$1,178$653$354$97
45 years$3,331$1,961$1,106$603$322$85
46 years$3,222$1,871$1,039$557$292$74
47 years$3,118$1,785$976$515$265$65
48 years$3,018$1,704$917$476$241$57
49 years$2,923$1,628$862$440$219$50
50 years$2,831$1,555$810$406$199$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $2,900,000, adding $5,428 every year, while hoping to spend $39,319 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: 41/33/26 Blend
69$2,900,000$2,900,000$2,900,000$2,900,000
70$3,201,399$3,047,699$3,002,749$3,307,973
71$3,486,107$3,155,201$3,061,506$3,492,776
72$3,798,537$3,266,653$3,120,913$3,688,571
73$4,141,475$3,382,207$3,180,952$3,899,742
74$4,517,991$3,502,021$3,241,599$4,127,726
75$4,931,466$3,626,259$3,302,832$4,374,100
76$5,385,622$3,755,093$3,364,625$4,640,599
77$5,884,565$3,888,701$3,426,948$4,929,132
78$6,432,811$4,027,269$3,489,772$5,241,796
79$7,035,342$4,170,989$3,553,064$5,580,899
80$7,697,642$4,320,063$3,616,786$5,948,980
81$8,425,755$4,474,699$3,680,901$6,348,831
82$9,226,337$4,635,115$3,745,368$6,783,524
83$10,106,726$4,801,538$3,810,140$7,256,441
84$11,075,003$4,974,203$3,875,170$7,771,301
85$12,140,071$5,153,358$3,940,406$8,332,199
86$13,311,742$5,339,256$4,005,794$8,943,642
87$14,600,826$5,532,165$4,071,273$9,610,590
88$16,019,231$5,732,362$4,136,782$10,338,503
89$17,580,080$5,940,136$4,202,252$11,133,393
90$19,297,834$6,155,788$4,267,613$12,001,877
91$21,188,423$6,379,631$4,332,788$12,951,242
92$23,269,401$6,611,992$4,397,696$13,989,511
93$25,560,112$6,853,212$4,462,250$15,125,518
94$28,081,868$7,103,644$4,526,360$16,368,990
95$30,858,153$7,363,657$4,589,928$17,730,642
96$33,914,846$7,633,638$4,652,852$19,222,269
97$37,280,460$7,913,986$4,715,022$20,856,865
98$40,986,415$8,205,119$4,776,323$22,648,741
99$45,067,333$8,507,474$4,836,634$24,613,656
100$49,561,364$8,821,503$4,895,824$26,768,971