Can I retire at age 70 with 3,700,000?

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 $3,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$305,543$302,821$300,166$297,574$295,043$292,693
2 years$151,259$148,442$145,711$143,064$140,497$138,128
3 years$99,837$97,008$94,285$91,663$89,137$86,823
4 years$74,132$71,311$68,615$66,038$63,573$61,331
5 years$58,713$55,909$53,248$50,723$48,327$46,164
6 years$48,436$45,654$43,033$40,564$38,240$36,159
7 years$41,099$38,340$35,760$33,350$31,099$29,101
8 years$35,599$32,864$30,328$27,976$25,800$23,884
9 years$31,323$28,614$26,121$23,830$21,727$19,893
10 years$27,904$25,222$22,773$20,541$18,513$16,760
11 years$25,109$22,454$20,049$17,877$15,921$14,248
12 years$22,781$20,153$17,793$15,681$13,797$12,202
13 years$20,813$18,213$15,897$13,844$12,031$10,513
14 years$19,128$16,555$14,283$12,289$10,547$9,103
15 years$17,668$15,123$12,896$10,960$9,286$7,915
16 years$16,392$13,875$11,692$9,813$8,207$6,906
17 years$15,268$12,779$10,639$8,817$7,277$6,044
18 years$14,269$11,808$9,712$7,946$6,470$5,304
19 years$13,377$10,944$8,891$7,180$5,767$4,664
20 years$12,575$10,169$8,160$6,503$5,151$4,110
21 years$11,850$9,472$7,506$5,902$4,610$3,627
22 years$11,192$8,842$6,917$5,366$4,132$3,206
23 years$10,593$8,270$6,387$4,887$3,709$2,837
24 years$10,044$7,748$5,907$4,457$3,334$2,514
25 years$9,539$7,271$5,471$4,070$3,000$2,229
26 years$9,074$6,834$5,074$3,722$2,702$1,979
27 years$8,645$6,431$4,712$3,407$2,436$1,758
28 years$8,246$6,060$4,380$3,121$2,198$1,562
29 years$7,876$5,717$4,076$2,862$1,985$1,390
30 years$7,532$5,399$3,797$2,627$1,794$1,237
31 years$7,210$5,104$3,540$2,413$1,622$1,101
32 years$6,909$4,830$3,303$2,217$1,467$981
33 years$6,626$4,574$3,084$2,039$1,328$874
34 years$6,361$4,335$2,881$1,876$1,202$779
35 years$6,112$4,111$2,694$1,727$1,089$694
36 years$5,876$3,902$2,520$1,590$986$619
37 years$5,655$3,706$2,359$1,465$894$552
38 years$5,445$3,522$2,209$1,351$810$493
39 years$5,247$3,349$2,069$1,245$735$440
40 years$5,058$3,187$1,940$1,149$667$392
41 years$4,880$3,033$1,819$1,060$605$350
42 years$4,711$2,889$1,706$978$549$313
43 years$4,550$2,753$1,601$903$498$279
44 years$4,396$2,624$1,503$834$452$249
45 years$4,250$2,502$1,411$770$410$223
46 years$4,111$2,387$1,325$711$373$199
47 years$3,978$2,278$1,245$657$338$177
48 years$3,850$2,174$1,170$607$307$159
49 years$3,729$2,076$1,100$561$279$142
50 years$3,612$1,984$1,034$519$253$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,700,000, adding $3,493 every year, while hoping to spend $55,925 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: 45/27/28 Blend
69$3,700,000$3,700,000$3,700,000$3,700,000
70$4,081,003$3,884,903$3,827,553$4,231,461
71$4,437,762$4,015,760$3,896,272$4,469,649
72$4,829,035$4,151,154$3,965,419$4,722,168
73$5,258,285$4,291,249$4,034,949$4,994,965
74$5,729,324$4,436,214$4,104,814$5,289,966
75$6,246,352$4,586,225$4,174,962$5,609,288
76$6,813,995$4,741,465$4,245,339$5,955,262
77$7,437,349$4,902,124$4,315,884$6,330,451
78$8,122,028$5,068,396$4,386,535$6,737,676
79$8,874,214$5,240,487$4,457,223$7,180,042
80$9,700,721$5,418,609$4,527,878$7,660,967
81$10,609,055$5,602,980$4,598,421$8,184,212
82$11,607,482$5,793,830$4,668,772$8,753,920
83$12,705,113$5,991,395$4,738,843$9,374,649
84$13,911,982$6,195,921$4,808,543$10,051,420
85$15,239,147$6,407,664$4,877,771$10,789,758
86$16,698,789$6,626,889$4,946,426$11,595,751
87$18,304,330$6,853,871$5,014,396$12,476,101
88$20,070,557$7,088,896$5,081,564$13,438,187
89$22,013,764$7,332,263$5,147,806$14,490,139
90$24,151,903$7,584,278$5,212,993$15,640,908
91$26,504,753$7,845,263$5,276,983$16,900,355
92$29,094,108$8,115,552$5,339,633$18,279,338
93$31,943,982$8,395,489$5,400,786$19,789,820
94$35,080,835$8,685,435$5,460,279$21,444,977
95$38,533,822$8,985,763$5,517,940$23,259,323
96$42,335,068$9,296,862$5,573,587$25,248,847
97$46,519,972$9,619,134$5,627,029$27,431,162
98$51,127,537$9,953,000$5,678,063$29,825,670
99$56,200,744$10,298,895$5,726,475$32,453,747
100$61,786,950$10,657,272$5,772,043$35,338,943