Can I retire at age 70 with 3,300,000?

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 $3,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$272,511$270,084$267,715$265,404$263,147$255,542
2 years$134,906$132,394$129,959$127,598$125,308$117,707
3 years$89,044$86,521$84,092$81,753$79,500$72,141
4 years$66,118$63,602$61,197$58,899$56,700$49,640
5 years$52,365$49,865$47,492$45,240$43,103$36,359
6 years$43,200$40,718$38,380$36,179$34,106$27,686
7 years$36,656$34,195$31,894$29,744$27,737$21,641
8 years$31,750$29,312$27,049$24,952$23,011$17,234
9 years$27,937$25,521$23,297$21,253$19,378$13,916
10 years$24,887$22,496$20,311$18,321$16,511$11,356
11 years$22,394$20,026$17,881$15,944$14,200$9,343
12 years$20,318$17,975$15,869$13,985$12,306$7,737
13 years$18,563$16,244$14,178$12,347$10,731$6,441
14 years$17,060$14,765$12,739$10,960$9,406$5,384
15 years$15,758$13,488$11,502$9,775$8,282$4,517
16 years$14,620$12,375$10,428$8,752$7,320$3,800
17 years$13,617$11,397$9,489$7,864$6,490$3,204
18 years$12,727$10,531$8,662$7,087$5,771$2,707
19 years$11,931$9,760$7,930$6,404$5,144$2,291
20 years$11,216$9,070$7,278$5,800$4,594$1,942
21 years$10,569$8,448$6,694$5,264$4,112$1,648
22 years$9,982$7,886$6,170$4,786$3,685$1,399
23 years$9,447$7,376$5,697$4,359$3,308$1,189
24 years$8,958$6,911$5,268$3,975$2,973$1,012
25 years$8,508$6,485$4,880$3,630$2,676$861
26 years$8,093$6,095$4,526$3,319$2,410$733
27 years$7,710$5,736$4,202$3,038$2,173$625
28 years$7,355$5,405$3,907$2,784$1,961$532
29 years$7,025$5,099$3,635$2,553$1,770$454
30 years$6,717$4,816$3,386$2,343$1,600$387
31 years$6,430$4,552$3,157$2,152$1,446$330
32 years$6,162$4,307$2,945$1,977$1,308$281
33 years$5,910$4,079$2,750$1,818$1,184$240
34 years$5,673$3,866$2,570$1,673$1,072$205
35 years$5,451$3,667$2,402$1,540$971$175
36 years$5,241$3,481$2,247$1,418$880$149
37 years$5,043$3,306$2,104$1,307$797$127
38 years$4,856$3,142$1,970$1,205$723$109
39 years$4,679$2,987$1,846$1,111$655$93
40 years$4,512$2,842$1,730$1,025$595$79
41 years$4,353$2,706$1,622$945$539$68
42 years$4,201$2,577$1,522$872$489$58
43 years$4,058$2,455$1,428$805$444$49
44 years$3,921$2,340$1,340$744$403$42
45 years$3,791$2,232$1,258$687$366$36
46 years$3,666$2,129$1,182$634$332$31
47 years$3,548$2,032$1,110$586$302$26
48 years$3,434$1,939$1,043$541$274$22
49 years$3,326$1,852$981$500$249$19
50 years$3,222$1,769$922$463$226$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,300,000, adding $4,764 every year, while hoping to spend $43,724 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: 53/30/17 Blend
69$3,300,000$3,300,000$3,300,000$3,300,000
70$3,641,514$3,466,614$3,415,464$3,817,520
71$3,966,427$3,589,956$3,483,360$4,061,863
72$4,323,015$3,717,877$3,552,065$4,322,569
73$4,714,463$3,850,553$3,621,560$4,605,274
74$5,144,280$3,988,172$3,691,824$4,912,083
75$5,616,330$4,130,926$3,762,834$5,245,309
76$6,134,870$4,279,016$3,834,563$5,607,497
77$6,704,590$4,432,651$3,906,984$6,001,448
78$7,330,656$4,592,049$3,980,066$6,430,242
79$8,018,760$4,757,436$4,053,776$6,897,270
80$8,775,173$4,929,050$4,128,076$7,406,261
81$9,606,802$5,107,135$4,202,929$7,961,321
82$10,521,260$5,291,948$4,278,290$8,566,969
83$11,526,930$5,483,756$4,354,115$9,228,179
84$12,633,053$5,682,836$4,430,354$9,950,425
85$13,849,808$5,889,478$4,506,954$10,739,734
86$15,188,409$6,103,983$4,583,858$11,602,742
87$16,661,214$6,326,666$4,661,004$12,546,755
88$18,281,838$6,557,852$4,738,328$13,579,815
89$20,065,283$6,797,885$4,815,759$14,710,781
90$22,028,078$7,047,117$4,893,224$15,949,406
91$24,188,436$7,305,921$4,970,641$17,306,429
92$26,566,427$7,574,680$5,047,927$18,793,678
93$29,184,161$7,853,799$5,124,992$20,424,180
94$32,066,005$8,143,695$5,201,739$22,212,280
95$35,238,807$8,444,805$5,278,066$24,173,779
96$38,732,149$8,757,584$5,353,866$26,326,079
97$42,578,631$9,082,508$5,429,022$28,688,351
98$46,814,171$9,420,071$5,503,415$31,281,706
99$51,478,351$9,770,789$5,576,913$34,129,403
100$56,614,785$10,135,200$5,649,382$37,257,061