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%11.2%
1 years$305,543$302,821$300,166$297,574$295,043$293,553
2 years$151,259$148,442$145,711$143,064$140,497$138,993
3 years$99,837$97,008$94,285$91,663$89,137$87,666
4 years$74,132$71,311$68,615$66,038$63,573$62,146
5 years$58,713$55,909$53,248$50,723$48,327$46,949
6 years$48,436$45,654$43,033$40,564$38,240$36,911
7 years$41,099$38,340$35,760$33,350$31,099$29,822
8 years$35,599$32,864$30,328$27,976$25,800$24,573
9 years$31,323$28,614$26,121$23,830$21,727$20,551
10 years$27,904$25,222$22,773$20,541$18,513$17,387
11 years$25,109$22,454$20,049$17,877$15,921$14,845
12 years$22,781$20,153$17,793$15,681$13,797$12,769
13 years$20,813$18,213$15,897$13,844$12,031$11,051
14 years$19,128$16,555$14,283$12,289$10,547$9,612
15 years$17,668$15,123$12,896$10,960$9,286$8,397
16 years$16,392$13,875$11,692$9,813$8,207$7,362
17 years$15,268$12,779$10,639$8,817$7,277$6,474
18 years$14,269$11,808$9,712$7,946$6,470$5,709
19 years$13,377$10,944$8,891$7,180$5,767$5,046
20 years$12,575$10,169$8,160$6,503$5,151$4,468
21 years$11,850$9,472$7,506$5,902$4,610$3,964
22 years$11,192$8,842$6,917$5,366$4,132$3,522
23 years$10,593$8,270$6,387$4,887$3,709$3,134
24 years$10,044$7,748$5,907$4,457$3,334$2,791
25 years$9,539$7,271$5,471$4,070$3,000$2,489
26 years$9,074$6,834$5,074$3,722$2,702$2,221
27 years$8,645$6,431$4,712$3,407$2,436$1,984
28 years$8,246$6,060$4,380$3,121$2,198$1,773
29 years$7,876$5,717$4,076$2,862$1,985$1,586
30 years$7,532$5,399$3,797$2,627$1,794$1,419
31 years$7,210$5,104$3,540$2,413$1,622$1,271
32 years$6,909$4,830$3,303$2,217$1,467$1,139
33 years$6,626$4,574$3,084$2,039$1,328$1,020
34 years$6,361$4,335$2,881$1,876$1,202$915
35 years$6,112$4,111$2,694$1,727$1,089$820
36 years$5,876$3,902$2,520$1,590$986$736
37 years$5,655$3,706$2,359$1,465$894$660
38 years$5,445$3,522$2,209$1,351$810$592
39 years$5,247$3,349$2,069$1,245$735$532
40 years$5,058$3,187$1,940$1,149$667$478
41 years$4,880$3,033$1,819$1,060$605$429
42 years$4,711$2,889$1,706$978$549$385
43 years$4,550$2,753$1,601$903$498$346
44 years$4,396$2,624$1,503$834$452$311
45 years$4,250$2,502$1,411$770$410$279
46 years$4,111$2,387$1,325$711$373$251
47 years$3,978$2,278$1,245$657$338$225
48 years$3,850$2,174$1,170$607$307$203
49 years$3,729$2,076$1,100$561$279$182
50 years$3,612$1,984$1,034$519$253$164

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 $2,697 every year, while hoping to spend $35,671 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: 51/35/14 Blend
69$3,700,000$3,700,000$3,700,000$3,700,000
70$4,080,182$3,884,082$3,826,732$4,272,669
71$4,458,407$4,036,448$3,916,974$4,557,246
72$4,874,015$4,195,085$4,009,043$4,862,479
73$5,330,782$4,360,262$4,102,964$5,193,517
74$5,832,868$4,532,260$4,198,759$5,552,803
75$6,384,854$4,711,374$4,296,450$5,943,023
76$6,991,789$4,897,912$4,396,062$6,367,133
77$7,659,235$5,092,193$4,497,613$6,828,378
78$8,393,321$5,294,555$4,601,127$7,330,330
79$9,200,798$5,505,346$4,706,624$7,876,914
80$10,089,105$5,724,934$4,814,122$8,472,450
81$11,066,440$5,953,702$4,923,640$9,121,686
82$12,141,832$6,192,049$5,035,198$9,829,849
83$13,325,233$6,440,393$5,148,811$10,602,686
84$14,627,606$6,699,172$5,264,495$11,446,523
85$16,061,032$6,968,841$5,382,266$12,368,319
86$17,638,822$7,249,879$5,502,136$13,375,732
87$19,375,642$7,542,784$5,624,119$14,477,190
88$21,287,655$7,848,077$5,748,224$15,681,969
89$23,392,667$8,166,304$5,874,461$17,000,280
90$25,710,302$8,498,035$6,002,838$18,443,361
91$28,262,179$8,843,866$6,133,360$20,023,584
92$31,072,126$9,204,420$6,266,031$21,754,568
93$34,166,393$9,580,347$6,400,854$23,651,307
94$37,573,911$9,972,330$6,537,828$25,730,310
95$41,326,556$10,381,080$6,676,951$28,009,753
96$45,459,454$10,807,342$6,818,218$30,509,653
97$50,011,311$11,251,895$6,961,622$33,252,046
98$55,024,780$11,715,553$7,107,152$36,261,202
99$60,546,861$12,199,168$7,254,795$39,563,848
100$66,629,346$12,703,632$7,404,535$43,189,416