Can I retire at age 70 with 3,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $3,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$280,769$278,268$275,828$273,446$271,121$260,570
2 years$138,994$136,406$133,897$131,465$129,105$118,602
3 years$91,743$89,143$86,640$84,231$81,910$71,786
4 years$68,121$65,529$63,052$60,683$58,419$48,751
5 years$53,952$51,376$48,931$46,611$44,409$35,222
6 years$44,509$41,952$39,543$37,275$35,139$26,440
7 years$37,767$35,231$32,861$30,646$28,578$20,362
8 years$32,712$30,200$27,869$25,708$23,708$15,969
9 years$28,783$26,294$24,003$21,897$19,965$12,691
10 years$25,642$23,177$20,926$18,876$17,012$10,188
11 years$23,073$20,633$18,423$16,428$14,631$8,242
12 years$20,934$18,519$16,350$14,409$12,679$6,708
13 years$19,126$16,736$14,608$12,721$11,056$5,486
14 years$17,577$15,213$13,125$11,292$9,692$4,504
15 years$16,236$13,897$11,850$10,071$8,533$3,709
16 years$15,063$12,750$10,744$9,017$7,542$3,062
17 years$14,030$11,742$9,777$8,102$6,687$2,533
18 years$13,112$10,851$8,925$7,302$5,946$2,099
19 years$12,293$10,056$8,170$6,598$5,300$1,742
20 years$11,556$9,345$7,498$5,975$4,734$1,447
21 years$10,890$8,704$6,897$5,423$4,236$1,204
22 years$10,285$8,125$6,357$4,931$3,797$1,002
23 years$9,734$7,599$5,869$4,491$3,408$834
24 years$9,229$7,120$5,428$4,096$3,064$695
25 years$8,766$6,682$5,027$3,740$2,757$579
26 years$8,339$6,280$4,663$3,420$2,483$483
27 years$7,944$5,910$4,330$3,130$2,239$403
28 years$7,578$5,569$4,025$2,868$2,020$336
29 years$7,238$5,254$3,746$2,630$1,824$281
30 years$6,921$4,962$3,489$2,414$1,648$234
31 years$6,625$4,690$3,253$2,217$1,490$195
32 years$6,348$4,438$3,035$2,037$1,348$163
33 years$6,089$4,203$2,834$1,874$1,220$136
34 years$5,845$3,983$2,648$1,724$1,104$114
35 years$5,616$3,778$2,475$1,587$1,000$95
36 years$5,400$3,586$2,316$1,461$906$79
37 years$5,196$3,406$2,167$1,347$821$66
38 years$5,003$3,237$2,030$1,241$745$55
39 years$4,821$3,078$1,901$1,144$675$46
40 years$4,648$2,928$1,782$1,056$613$39
41 years$4,484$2,788$1,671$974$556$32
42 years$4,329$2,655$1,568$899$504$27
43 years$4,181$2,529$1,471$830$458$23
44 years$4,040$2,411$1,381$766$415$19
45 years$3,905$2,299$1,297$707$377$16
46 years$3,777$2,193$1,218$654$342$13
47 years$3,655$2,093$1,144$604$311$11
48 years$3,538$1,998$1,075$558$282$9
49 years$3,426$1,908$1,011$516$256$8
50 years$3,320$1,823$950$477$233$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,400,000, adding $3,799 every year, while hoping to spend $29,885 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: 72/22/6 Blend
69$3,400,000$3,400,000$3,400,000$3,400,000
70$3,750,719$3,570,519$3,517,819$4,017,777
71$4,101,495$3,713,677$3,603,868$4,337,550
72$4,487,048$3,862,848$3,691,799$4,683,428
73$4,910,895$4,018,295$3,781,642$5,061,259
74$5,376,908$4,180,294$3,873,429$5,474,183
75$5,889,355$4,349,131$3,967,192$5,925,652
76$6,452,939$4,525,107$4,062,961$6,419,470
77$7,072,838$4,708,537$4,160,770$6,959,820
78$7,754,760$4,899,748$4,260,648$7,551,310
79$8,504,994$5,099,084$4,362,628$8,199,009
80$9,330,468$5,306,904$4,466,741$8,908,501
81$10,238,816$5,523,582$4,573,018$9,685,930
82$11,238,450$5,749,513$4,681,488$10,538,064
83$12,338,637$5,985,105$4,792,184$11,472,352
84$13,549,591$6,230,787$4,905,135$12,497,000
85$14,882,563$6,487,009$5,020,370$13,621,039
86$16,349,952$6,754,240$5,137,920$14,854,418
87$17,965,419$7,032,971$5,257,813$16,208,092
88$19,744,020$7,323,713$5,380,077$17,694,125
89$21,702,340$7,627,006$5,504,740$19,325,806
90$23,858,658$7,943,409$5,631,829$21,117,766
91$26,233,116$8,273,510$5,761,369$23,086,125
92$28,847,906$8,617,924$5,893,387$25,248,635
93$31,727,483$8,977,293$6,027,906$27,624,849
94$34,898,795$9,352,289$6,164,950$30,236,305
95$38,391,537$9,743,617$6,304,541$33,106,729
96$42,238,430$10,152,010$6,446,699$36,262,255
97$46,475,532$10,578,241$6,591,446$39,731,669
98$51,142,574$11,023,113$6,738,797$43,546,686
99$56,283,341$11,487,469$6,888,771$47,742,239
100$61,946,079$11,972,193$7,041,382$52,356,816