Can I retire at age 70 with 3,500,000?

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$289,027$286,452$283,940$281,489$279,095$269,514
2 years$143,083$140,418$137,835$135,331$132,902$123,347
3 years$94,441$91,765$89,188$86,708$84,319$75,090
4 years$70,125$67,457$64,906$62,468$60,137$51,304
5 years$55,539$52,887$50,370$47,982$45,715$37,303
6 years$45,818$43,186$40,706$38,371$36,173$28,187
7 years$38,878$36,268$33,827$31,547$29,418$21,857
8 years$33,674$31,088$28,688$26,464$24,405$17,263
9 years$29,630$27,068$24,709$22,542$20,553$13,821
10 years$26,396$23,859$21,542$19,431$17,512$11,180
11 years$23,752$21,240$18,965$16,911$15,061$9,115
12 years$21,550$19,064$16,831$14,833$13,051$7,479
13 years$19,688$17,228$15,038$13,095$11,381$6,167
14 years$18,094$15,660$13,511$11,625$9,977$5,105
15 years$16,713$14,306$12,199$10,367$8,784$4,241
16 years$15,506$13,125$11,060$9,283$7,763$3,532
17 years$14,443$12,088$10,064$8,340$6,884$2,948
18 years$13,498$11,170$9,187$7,516$6,121$2,465
19 years$12,654$10,352$8,411$6,792$5,455$2,064
20 years$11,895$9,620$7,719$6,151$4,873$1,731
21 years$11,210$8,960$7,100$5,583$4,361$1,453
22 years$10,587$8,364$6,544$5,076$3,909$1,220
23 years$10,020$7,823$6,042$4,623$3,509$1,026
24 years$9,501$7,329$5,588$4,216$3,154$863
25 years$9,024$6,878$5,175$3,850$2,838$726
26 years$8,584$6,464$4,800$3,521$2,556$611
27 years$8,177$6,084$4,457$3,223$2,305$515
28 years$7,801$5,733$4,143$2,953$2,080$434
29 years$7,451$5,408$3,856$2,708$1,878$366
30 years$7,124$5,107$3,592$2,485$1,697$308
31 years$6,820$4,828$3,348$2,282$1,534$260
32 years$6,535$4,569$3,124$2,097$1,388$219
33 years$6,268$4,326$2,917$1,929$1,256$185
34 years$6,017$4,100$2,725$1,775$1,137$156
35 years$5,781$3,889$2,548$1,634$1,030$131
36 years$5,559$3,691$2,384$1,504$933$111
37 years$5,349$3,506$2,231$1,386$846$94
38 years$5,151$3,332$2,089$1,278$767$79
39 years$4,963$3,168$1,957$1,178$695$67
40 years$4,785$3,014$1,835$1,087$631$56
41 years$4,616$2,869$1,720$1,003$572$47
42 years$4,456$2,733$1,614$925$519$40
43 years$4,304$2,604$1,514$854$471$34
44 years$4,158$2,482$1,421$789$428$28
45 years$4,020$2,367$1,335$728$388$24
46 years$3,888$2,258$1,254$673$352$20
47 years$3,763$2,155$1,178$622$320$17
48 years$3,642$2,057$1,107$574$291$14
49 years$3,527$1,964$1,040$531$264$12
50 years$3,417$1,876$978$491$240$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,500,000, adding $3,050 every year, while hoping to spend $24,678 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: 41/37/22 Blend
69$3,500,000$3,500,000$3,500,000$3,500,000
70$3,860,146$3,674,646$3,620,396$3,993,289
71$4,227,624$3,828,447$3,715,422$4,242,603
72$4,631,757$3,988,956$3,812,804$4,509,695
73$5,076,259$4,156,478$3,912,596$4,798,297
74$5,565,220$4,331,327$4,014,850$5,110,392
75$6,103,147$4,513,837$4,119,623$5,448,159
76$6,695,006$4,704,354$4,226,968$5,813,989
77$7,346,270$4,903,240$4,336,944$6,210,506
78$8,062,965$5,110,875$4,449,608$6,640,596
79$8,851,737$5,327,656$4,565,019$7,107,429
80$9,719,902$5,554,000$4,683,236$7,614,484
81$10,675,528$5,790,341$4,804,319$8,165,590
82$11,727,499$6,037,135$4,928,332$8,764,953
83$12,885,608$6,294,859$5,055,335$9,417,195
84$14,160,644$6,564,011$5,185,392$10,127,400
85$15,564,495$6,845,114$5,318,569$10,901,156
86$17,110,263$7,138,714$5,454,931$11,744,610
87$18,812,383$7,445,383$5,594,543$12,664,522
88$20,686,759$7,765,720$5,737,474$13,668,325
89$22,750,921$8,100,353$5,883,792$14,764,198
90$25,024,182$8,449,938$6,033,566$15,961,139
91$27,527,825$8,815,161$6,186,866$17,269,045
92$30,285,301$9,196,741$6,343,765$18,698,808
93$33,322,454$9,595,434$6,504,332$20,262,414
94$36,667,759$10,012,025$6,668,643$21,973,051
95$40,352,598$10,447,342$6,836,770$23,845,235
96$44,411,549$10,902,248$7,008,788$25,894,942
97$48,882,718$11,377,648$7,184,773$28,139,757
98$53,808,093$11,874,491$7,364,800$30,599,037
99$59,233,945$12,393,768$7,548,948$33,294,091
100$65,211,263$12,936,518$7,737,294$36,248,378