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%16.8%
1 years$313,800$311,005$308,278$305,616$303,017$294,617
2 years$155,347$152,454$149,650$146,931$144,294$135,893
3 years$102,536$99,630$96,833$94,140$91,546$83,408
4 years$76,135$73,239$70,470$67,823$65,291$57,479
5 years$60,299$57,420$54,687$52,094$49,633$42,168
6 years$49,745$46,888$44,196$41,660$39,273$32,162
7 years$42,210$39,376$36,727$34,251$31,940$25,182
8 years$36,561$33,753$31,147$28,732$26,497$20,090
9 years$32,169$29,388$26,827$24,474$22,314$16,251
10 years$28,658$25,904$23,388$21,097$19,013$13,286
11 years$25,787$23,061$20,591$18,360$16,352$10,952
12 years$23,397$20,698$18,274$16,104$14,170$9,088
13 years$21,376$18,705$16,326$14,218$12,357$7,580
14 years$19,645$17,002$14,669$12,621$10,832$6,350
15 years$18,146$15,532$13,244$11,256$9,537$5,338
16 years$16,835$14,250$12,008$10,078$8,429$4,501
17 years$15,681$13,124$10,927$9,055$7,474$3,804
18 years$14,655$12,127$9,975$8,161$6,645$3,221
19 years$13,739$11,239$9,131$7,374$5,923$2,732
20 years$12,915$10,444$8,380$6,678$5,291$2,321
21 years$12,171$9,728$7,708$6,061$4,734$1,974
22 years$11,495$9,081$7,104$5,511$4,244$1,680
23 years$10,879$8,493$6,560$5,019$3,809$1,431
24 years$10,315$7,958$6,067$4,578$3,424$1,220
25 years$9,797$7,468$5,619$4,180$3,081$1,041
26 years$9,320$7,019$5,211$3,822$2,775$889
27 years$8,878$6,605$4,839$3,499$2,502$759
28 years$8,469$6,224$4,499$3,206$2,258$648
29 years$8,089$5,872$4,186$2,940$2,039$554
30 years$7,735$5,545$3,899$2,698$1,842$474
31 years$7,405$5,242$3,635$2,478$1,665$405
32 years$7,095$4,960$3,392$2,277$1,507$346
33 years$6,805$4,697$3,167$2,094$1,363$296
34 years$6,533$4,452$2,959$1,927$1,234$253
35 years$6,277$4,223$2,766$1,774$1,118$217
36 years$6,035$4,008$2,588$1,633$1,013$185
37 years$5,807$3,807$2,422$1,505$918$159
38 years$5,592$3,618$2,268$1,387$832$136
39 years$5,388$3,440$2,125$1,279$755$116
40 years$5,195$3,273$1,992$1,180$685$99
41 years$5,012$3,115$1,868$1,088$621$85
42 years$4,838$2,967$1,752$1,005$564$73
43 years$4,672$2,827$1,644$927$512$62
44 years$4,515$2,695$1,543$856$464$53
45 years$4,365$2,570$1,449$791$421$46
46 years$4,222$2,451$1,361$730$383$39
47 years$4,085$2,339$1,279$675$348$34
48 years$3,954$2,233$1,202$624$316$29
49 years$3,830$2,133$1,129$576$287$25
50 years$3,710$2,037$1,062$533$260$21

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 $4,999 every year, while hoping to spend $38,759 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: 46/26/28 Blend
69$3,800,000$3,800,000$3,800,000$3,800,000
70$4,192,756$3,991,356$3,932,456$4,351,613
71$4,579,178$4,145,694$4,022,954$4,618,983
72$5,003,716$4,306,294$4,115,185$4,904,772
73$5,470,217$4,473,424$4,209,166$5,214,122
74$5,982,919$4,647,362$4,304,912$5,549,263
75$6,546,490$4,828,396$4,402,441$5,912,645
76$7,166,076$5,016,831$4,501,766$6,306,963
77$7,847,342$5,212,982$4,602,901$6,735,180
78$8,596,532$5,417,180$4,705,860$7,200,555
79$9,420,526$5,629,769$4,810,654$7,706,672
80$10,326,902$5,851,111$4,917,293$8,257,475
81$11,324,012$6,081,581$5,025,788$8,857,303
82$12,421,055$6,321,572$5,136,146$9,510,929
83$13,628,169$6,571,496$5,248,374$10,223,607
84$14,956,525$6,831,781$5,362,476$11,001,116
85$16,418,428$7,102,877$5,478,457$11,849,819
86$18,027,441$7,385,250$5,596,318$12,776,720
87$19,798,504$7,679,392$5,716,059$13,789,524
88$21,748,081$7,985,812$5,837,678$14,896,719
89$23,894,315$8,305,047$5,961,169$16,107,644
90$26,257,195$8,637,653$6,086,528$17,432,583
91$28,858,746$8,984,216$6,213,744$18,882,858
92$31,723,241$9,345,345$6,342,807$20,470,937
93$34,877,422$9,721,677$6,473,701$22,210,545
94$38,350,759$10,113,880$6,606,411$24,116,800
95$42,175,726$10,522,649$6,740,915$26,206,346
96$46,388,105$10,948,714$6,877,190$28,497,514
97$51,027,326$11,392,835$7,015,211$31,010,492
98$56,136,838$11,855,809$7,154,945$33,767,515
99$61,764,519$12,338,467$7,296,359$36,793,069
100$67,963,127$12,841,679$7,439,415$40,114,125