Can I retire at age 70 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$297,285$294,637$292,053$289,531$287,069$280,928
2 years$147,171$144,430$141,773$139,198$136,700$130,543
3 years$97,139$94,386$91,737$89,185$86,728$80,747
4 years$72,128$69,384$66,761$64,253$61,855$56,097
5 years$57,126$54,398$51,809$49,352$47,021$41,501
6 years$47,127$44,420$41,869$39,468$37,206$31,931
7 years$39,988$37,304$34,794$32,448$30,259$25,229
8 years$34,637$31,976$29,508$27,220$25,102$20,316
9 years$30,476$27,841$25,415$23,186$21,140$16,594
10 years$27,150$24,541$22,157$19,986$18,012$13,702
11 years$24,430$21,847$19,507$17,394$15,491$11,411
12 years$22,165$19,609$17,312$15,257$13,424$9,568
13 years$20,251$17,721$15,467$13,470$11,706$8,067
14 years$18,611$16,107$13,897$11,957$10,262$6,832
15 years$17,191$14,714$12,547$10,663$9,035$5,808
16 years$15,949$13,500$11,376$9,548$7,985$4,953
17 years$14,855$12,433$10,352$8,579$7,080$4,235
18 years$13,884$11,489$9,450$7,731$6,295$3,628
19 years$13,016$10,648$8,651$6,986$5,611$3,115
20 years$12,235$9,894$7,939$6,327$5,012$2,678
21 years$11,530$9,216$7,303$5,742$4,485$2,306
22 years$10,890$8,603$6,731$5,221$4,020$1,987
23 years$10,306$8,046$6,214$4,755$3,609$1,714
24 years$9,772$7,539$5,747$4,337$3,244$1,480
25 years$9,281$7,075$5,323$3,960$2,919$1,279
26 years$8,829$6,649$4,937$3,621$2,629$1,106
27 years$8,411$6,258$4,584$3,315$2,371$957
28 years$8,024$5,897$4,262$3,037$2,139$828
29 years$7,664$5,563$3,966$2,785$1,931$717
30 years$7,328$5,253$3,694$2,556$1,745$621
31 years$7,015$4,966$3,444$2,347$1,578$538
32 years$6,722$4,699$3,213$2,157$1,427$466
33 years$6,447$4,450$3,000$1,984$1,292$404
34 years$6,189$4,218$2,803$1,825$1,169$350
35 years$5,946$4,000$2,621$1,680$1,059$304
36 years$5,718$3,797$2,452$1,547$960$264
37 years$5,502$3,606$2,295$1,426$870$229
38 years$5,298$3,427$2,149$1,314$789$198
39 years$5,105$3,259$2,013$1,212$715$172
40 years$4,922$3,101$1,887$1,118$649$149
41 years$4,748$2,951$1,770$1,031$588$129
42 years$4,583$2,811$1,660$952$534$112
43 years$4,427$2,678$1,558$878$485$97
44 years$4,277$2,553$1,462$811$440$85
45 years$4,135$2,434$1,373$749$399$73
46 years$3,999$2,322$1,289$692$363$64
47 years$3,870$2,216$1,211$639$329$55
48 years$3,746$2,116$1,138$591$299$48
49 years$3,628$2,020$1,070$546$272$42
50 years$3,515$1,930$1,006$505$247$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,600,000, adding $4,605 every year, while hoping to spend $52,297 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: 42/32/26 Blend
69$3,600,000$3,600,000$3,600,000$3,600,000
70$3,971,950$3,781,150$3,725,350$4,108,353
71$4,321,445$3,910,783$3,794,506$4,336,272
72$4,704,836$4,045,015$3,864,225$4,577,632
73$5,125,525$4,184,016$3,934,472$4,838,001
74$5,587,260$4,327,964$4,005,208$5,119,163
75$6,094,167$4,477,041$4,076,389$5,423,079
76$6,650,795$4,631,439$4,147,971$5,751,905
77$7,262,152$4,791,355$4,219,904$6,108,013
78$7,933,756$4,956,996$4,292,136$6,494,012
79$8,671,686$5,128,576$4,364,609$6,912,772
80$9,482,639$5,306,317$4,437,264$7,367,452
81$10,373,991$5,490,450$4,510,036$7,861,525
82$11,353,872$5,681,215$4,582,856$8,398,817
83$12,431,235$5,878,863$4,655,649$8,983,536
84$13,615,946$6,083,652$4,728,338$9,620,315
85$14,918,874$6,295,852$4,800,839$10,314,252
86$16,351,995$6,515,745$4,873,063$11,070,960
87$17,928,503$6,743,621$4,944,916$11,896,620
88$19,662,936$6,979,785$5,016,296$12,798,035
89$21,571,312$7,224,551$5,087,099$13,782,695
90$23,671,279$7,478,247$5,157,210$14,858,850
91$25,982,283$7,741,214$5,226,510$16,035,582
92$28,525,750$8,013,808$5,294,872$17,322,894
93$31,325,289$8,296,397$5,362,163$18,731,799
94$34,406,913$8,589,365$5,428,240$20,274,431
95$37,799,286$8,893,112$5,492,953$21,964,148
96$41,533,992$9,208,052$5,556,145$23,815,666
97$45,645,831$9,534,619$5,617,648$25,845,194
98$50,173,152$9,873,261$5,677,286$28,070,584
99$55,158,210$10,224,448$5,734,872$30,511,501
100$60,647,567$10,588,666$5,790,210$33,189,607