Can I retire at age 70 with 3,000,000?

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 $3,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$247,737$245,530$243,378$241,276$239,224$233,821
2 years$122,642$120,358$118,144$115,998$113,916$108,502
3 years$80,949$78,655$76,447$74,321$72,273$67,016
4 years$60,107$57,820$55,634$53,544$51,546$46,487
5 years$47,605$45,332$43,174$41,127$39,184$34,338
6 years$39,273$37,017$34,891$32,890$31,005$26,376
7 years$33,324$31,087$28,995$27,040$25,216$20,804
8 years$28,864$26,647$24,590$22,684$20,919$16,724
9 years$25,397$23,201$21,179$19,321$17,617$13,635
10 years$22,625$20,450$18,465$16,655$15,010$11,238
11 years$20,359$18,206$16,256$14,495$12,909$9,341
12 years$18,471$16,341$14,427$12,714$11,187$7,817
13 years$16,875$14,767$12,889$11,225$9,755$6,578
14 years$15,509$13,423$11,581$9,964$8,551$5,560
15 years$14,326$12,262$10,456$8,886$7,529$4,716
16 years$13,291$11,250$9,480$7,957$6,654$4,013
17 years$12,379$10,361$8,626$7,149$5,900$3,424
18 years$11,570$9,574$7,875$6,443$5,246$2,927
19 years$10,846$8,873$7,209$5,821$4,676$2,507
20 years$10,196$8,245$6,616$5,272$4,177$2,151
21 years$9,608$7,680$6,086$4,785$3,738$1,848
22 years$9,075$7,169$5,609$4,351$3,350$1,589
23 years$8,589$6,705$5,179$3,962$3,007$1,367
24 years$8,143$6,282$4,789$3,614$2,703$1,178
25 years$7,734$5,896$4,436$3,300$2,432$1,015
26 years$7,358$5,541$4,114$3,018$2,191$876
27 years$7,009$5,215$3,820$2,762$1,975$756
28 years$6,686$4,914$3,551$2,531$1,782$653
29 years$6,386$4,636$3,305$2,321$1,610$564
30 years$6,107$4,378$3,078$2,130$1,454$487
31 years$5,846$4,139$2,870$1,956$1,315$421
32 years$5,601$3,916$2,678$1,798$1,189$364
33 years$5,373$3,708$2,500$1,653$1,076$315
34 years$5,158$3,515$2,336$1,521$975$272
35 years$4,955$3,334$2,184$1,400$883$235
36 years$4,765$3,164$2,043$1,290$800$204
37 years$4,585$3,005$1,912$1,188$725$176
38 years$4,415$2,856$1,791$1,095$657$152
39 years$4,254$2,716$1,678$1,010$596$132
40 years$4,101$2,584$1,573$931$541$114
41 years$3,957$2,460$1,475$859$490$99
42 years$3,819$2,342$1,383$793$445$85
43 years$3,689$2,232$1,298$732$404$74
44 years$3,564$2,127$1,218$676$367$64
45 years$3,446$2,029$1,144$624$333$55
46 years$3,333$1,935$1,074$577$302$48
47 years$3,225$1,847$1,009$533$274$42
48 years$3,122$1,763$949$492$249$36
49 years$3,023$1,684$892$455$226$31
50 years$2,929$1,608$838$421$206$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,000,000, adding $4,552 every year, while hoping to spend $47,430 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: 40/38/22 Blend
69$3,000,000$3,000,000$3,000,000$3,000,000
70$3,310,695$3,151,695$3,105,195$3,421,398
71$3,597,921$3,255,663$3,158,754$3,605,313
72$3,912,854$3,363,136$3,212,518$3,799,306
73$4,258,271$3,474,235$3,266,443$4,008,223
74$4,637,229$3,589,087$3,320,482$4,233,449
75$5,053,095$3,707,821$3,374,588$4,476,512
76$5,509,581$3,830,575$3,428,707$4,739,088
77$6,010,772$3,957,486$3,482,782$5,023,021
78$6,561,169$4,088,702$3,536,754$5,330,341
79$7,165,732$4,224,372$3,590,559$5,663,279
80$7,829,923$4,364,652$3,644,129$6,024,289
81$8,559,760$4,509,705$3,697,392$6,416,073
82$9,361,873$4,659,698$3,750,272$6,841,603
83$10,243,565$4,814,804$3,802,687$7,304,148
84$11,212,884$4,975,205$3,854,552$7,807,309
85$12,278,694$5,141,086$3,905,775$8,355,047
86$13,450,762$5,312,641$3,956,261$8,951,723
87$14,739,851$5,490,070$4,005,906$9,602,137
88$16,157,815$5,673,583$4,054,603$10,311,574
89$17,717,718$5,863,395$4,102,239$11,085,853
90$19,433,954$6,059,730$4,148,692$11,931,380
91$21,322,379$6,262,819$4,193,835$12,855,210
92$23,400,469$6,472,904$4,237,536$13,865,109
93$25,687,474$6,690,234$4,279,651$14,969,632
94$28,204,609$6,915,068$4,320,032$16,178,200
95$30,975,248$7,147,675$4,358,521$17,501,188
96$34,025,145$7,388,333$4,394,954$18,950,021
97$37,382,681$7,637,332$4,429,155$20,537,285
98$41,079,124$7,894,971$4,460,942$22,276,843
99$45,148,933$8,161,563$4,490,121$24,183,963
100$49,630,073$8,437,428$4,516,490$26,275,463