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

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 $3,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$289,027$286,452$283,940$281,489$279,095$273,796
2 years$143,083$140,418$137,835$135,331$132,902$127,584
3 years$94,441$91,765$89,188$86,708$84,319$79,147
4 years$70,125$67,457$64,906$62,468$60,137$55,152
5 years$55,539$52,887$50,370$47,982$45,715$40,931
6 years$45,818$43,186$40,706$38,371$36,173$31,595
7 years$38,878$36,268$33,827$31,547$29,418$25,048
8 years$33,674$31,088$28,688$26,464$24,405$20,241
9 years$29,630$27,068$24,709$22,542$20,553$16,592
10 years$26,396$23,859$21,542$19,431$17,512$13,751
11 years$23,752$21,240$18,965$16,911$15,061$11,495
12 years$21,550$19,064$16,831$14,833$13,051$9,676
13 years$19,688$17,228$15,038$13,095$11,381$8,191
14 years$18,094$15,660$13,511$11,625$9,977$6,966
15 years$16,713$14,306$12,199$10,367$8,784$5,946
16 years$15,506$13,125$11,060$9,283$7,763$5,092
17 years$14,443$12,088$10,064$8,340$6,884$4,372
18 years$13,498$11,170$9,187$7,516$6,121$3,763
19 years$12,654$10,352$8,411$6,792$5,455$3,245
20 years$11,895$9,620$7,719$6,151$4,873$2,802
21 years$11,210$8,960$7,100$5,583$4,361$2,424
22 years$10,587$8,364$6,544$5,076$3,909$2,099
23 years$10,020$7,823$6,042$4,623$3,509$1,819
24 years$9,501$7,329$5,588$4,216$3,154$1,578
25 years$9,024$6,878$5,175$3,850$2,838$1,370
26 years$8,584$6,464$4,800$3,521$2,556$1,190
27 years$8,177$6,084$4,457$3,223$2,305$1,035
28 years$7,801$5,733$4,143$2,953$2,080$900
29 years$7,451$5,408$3,856$2,708$1,878$783
30 years$7,124$5,107$3,592$2,485$1,697$682
31 years$6,820$4,828$3,348$2,282$1,534$594
32 years$6,535$4,569$3,124$2,097$1,388$517
33 years$6,268$4,326$2,917$1,929$1,256$450
34 years$6,017$4,100$2,725$1,775$1,137$392
35 years$5,781$3,889$2,548$1,634$1,030$342
36 years$5,559$3,691$2,384$1,504$933$298
37 years$5,349$3,506$2,231$1,386$846$260
38 years$5,151$3,332$2,089$1,278$767$227
39 years$4,963$3,168$1,957$1,178$695$198
40 years$4,785$3,014$1,835$1,087$631$172
41 years$4,616$2,869$1,720$1,003$572$150
42 years$4,456$2,733$1,614$925$519$131
43 years$4,304$2,604$1,514$854$471$114
44 years$4,158$2,482$1,421$789$428$100
45 years$4,020$2,367$1,335$728$388$87
46 years$3,888$2,258$1,254$673$352$76
47 years$3,763$2,155$1,178$622$320$66
48 years$3,642$2,057$1,107$574$291$58
49 years$3,527$1,964$1,040$531$264$50
50 years$3,417$1,876$978$491$240$44

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 $5,690 every year, while hoping to spend $47,556 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: 74/16/10 Blend
69$3,500,000$3,500,000$3,500,000$3,500,000
70$3,862,869$3,677,369$3,623,119$4,141,243
71$4,206,283$3,806,961$3,693,895$4,455,249
72$4,583,130$3,941,309$3,765,447$4,792,643
73$4,996,773$4,080,596$3,837,752$5,160,953
74$5,450,910$4,225,012$3,910,784$5,563,227
75$5,949,621$4,374,756$3,984,513$6,002,820
76$6,497,395$4,530,032$4,058,907$6,483,426
77$7,099,182$4,691,055$4,133,933$7,009,112
78$7,760,431$4,858,049$4,209,552$7,584,357
79$8,487,146$5,031,246$4,285,723$8,214,092
80$9,285,944$5,210,886$4,362,404$8,903,749
81$10,164,113$5,397,221$4,439,547$9,659,307
82$11,129,681$5,590,514$4,517,100$10,487,355
83$12,191,495$5,791,036$4,595,010$11,395,145
84$13,359,302$5,999,071$4,673,217$12,390,667
85$14,643,839$6,214,914$4,751,659$13,482,723
86$16,056,939$6,438,873$4,830,267$14,681,005
87$17,611,637$6,671,268$4,908,972$15,996,189
88$19,322,297$6,912,433$4,987,695$17,440,038
89$21,204,743$7,162,714$5,066,354$19,025,506
90$23,276,413$7,422,473$5,144,864$20,766,865
91$25,556,521$7,692,088$5,223,130$22,679,837
92$28,066,235$7,971,949$5,301,054$24,781,741
93$30,828,884$8,262,467$5,378,532$27,091,658
94$33,870,169$8,564,067$5,455,452$29,630,609
95$37,218,413$8,877,193$5,531,696$32,421,752
96$40,904,822$9,202,307$5,607,139$35,490,599
97$44,963,784$9,539,890$5,681,648$38,865,262
98$49,433,190$9,890,445$5,755,084$42,576,710
99$54,354,794$10,254,495$5,827,297$46,659,064
100$59,774,603$10,632,585$5,898,132$51,149,918