Can I retire at age 70 with 3,800,000?

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 $3,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$313,800$311,005$308,278$305,616$303,017$298,366
2 years$155,347$152,454$149,650$146,931$144,294$139,619
3 years$102,536$99,630$96,833$94,140$91,546$86,993
4 years$76,135$73,239$70,470$67,823$65,291$60,895
5 years$60,299$57,420$54,687$52,094$49,633$45,407
6 years$49,745$46,888$44,196$41,660$39,273$35,222
7 years$42,210$39,376$36,727$34,251$31,940$28,064
8 years$36,561$33,753$31,147$28,732$26,497$22,797
9 years$32,169$29,388$26,827$24,474$22,314$18,787
10 years$28,658$25,904$23,388$21,097$19,013$15,656
11 years$25,787$23,061$20,591$18,360$16,352$13,163
12 years$23,397$20,698$18,274$16,104$14,170$11,144
13 years$21,376$18,705$16,326$14,218$12,357$9,490
14 years$19,645$17,002$14,669$12,621$10,832$8,119
15 years$18,146$15,532$13,244$11,256$9,537$6,974
16 years$16,835$14,250$12,008$10,078$8,429$6,010
17 years$15,681$13,124$10,927$9,055$7,474$5,194
18 years$14,655$12,127$9,975$8,161$6,645$4,499
19 years$13,739$11,239$9,131$7,374$5,923$3,905
20 years$12,915$10,444$8,380$6,678$5,291$3,396
21 years$12,171$9,728$7,708$6,061$4,734$2,957
22 years$11,495$9,081$7,104$5,511$4,244$2,578
23 years$10,879$8,493$6,560$5,019$3,809$2,250
24 years$10,315$7,958$6,067$4,578$3,424$1,966
25 years$9,797$7,468$5,619$4,180$3,081$1,719
26 years$9,320$7,019$5,211$3,822$2,775$1,505
27 years$8,878$6,605$4,839$3,499$2,502$1,317
28 years$8,469$6,224$4,499$3,206$2,258$1,154
29 years$8,089$5,872$4,186$2,940$2,039$1,012
30 years$7,735$5,545$3,899$2,698$1,842$887
31 years$7,405$5,242$3,635$2,478$1,665$778
32 years$7,095$4,960$3,392$2,277$1,507$683
33 years$6,805$4,697$3,167$2,094$1,363$599
34 years$6,533$4,452$2,959$1,927$1,234$526
35 years$6,277$4,223$2,766$1,774$1,118$462
36 years$6,035$4,008$2,588$1,633$1,013$406
37 years$5,807$3,807$2,422$1,505$918$357
38 years$5,592$3,618$2,268$1,387$832$313
39 years$5,388$3,440$2,125$1,279$755$275
40 years$5,195$3,273$1,992$1,180$685$242
41 years$5,012$3,115$1,868$1,088$621$213
42 years$4,838$2,967$1,752$1,005$564$187
43 years$4,672$2,827$1,644$927$512$164
44 years$4,515$2,695$1,543$856$464$144
45 years$4,365$2,570$1,449$791$421$127
46 years$4,222$2,451$1,361$730$383$112
47 years$4,085$2,339$1,279$675$348$98
48 years$3,954$2,233$1,202$624$316$86
49 years$3,830$2,133$1,129$576$287$76
50 years$3,710$2,037$1,062$533$260$67

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,800,000, adding $2,735 every year, while hoping to spend $55,054 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: 25/48/27 Blend
69$3,800,000$3,800,000$3,800,000$3,800,000
70$4,190,421$3,989,021$3,930,121$4,259,530
71$4,559,267$4,125,906$4,003,203$4,454,029
72$4,963,890$4,267,653$4,076,888$4,657,544
73$5,407,881$4,414,443$4,151,139$4,874,605
74$5,895,197$4,566,462$4,225,913$5,106,384
75$6,430,193$4,723,905$4,301,167$5,354,168
76$7,017,670$4,886,973$4,376,854$5,619,368
77$7,662,915$5,055,877$4,452,921$5,903,531
78$8,371,752$5,230,835$4,529,314$6,208,356
79$9,150,598$5,412,074$4,605,973$6,535,710
80$10,006,522$5,599,828$4,682,836$6,887,640
81$10,947,310$5,794,343$4,759,834$7,266,398
82$11,981,543$5,995,873$4,836,896$7,674,453
83$13,118,672$6,204,683$4,913,944$8,114,522
84$14,369,112$6,421,047$4,990,896$8,589,591
85$15,744,334$6,645,252$5,067,664$9,102,938
86$17,256,981$6,877,594$5,144,156$9,658,171
87$18,920,980$7,118,383$5,220,271$10,259,255
88$20,751,676$7,367,939$5,295,907$10,910,551
89$22,765,977$7,626,598$5,370,949$11,616,852
90$24,982,512$7,894,707$5,445,281$12,383,435
91$27,421,807$8,172,626$5,518,777$13,216,100
92$30,106,479$8,460,733$5,591,304$14,121,232
93$33,061,449$8,759,418$5,662,721$15,105,854
94$36,314,175$9,069,087$5,732,881$16,177,695
95$39,894,913$9,390,165$5,801,625$17,345,259
96$43,837,003$9,723,092$5,868,788$18,617,907
97$48,177,179$10,068,325$5,934,194$20,005,941
98$52,955,921$10,426,342$5,997,659$21,520,703
99$58,217,831$10,797,639$6,058,987$23,174,675
100$64,012,059$11,182,733$6,117,972$24,981,602