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%19.7%
1 years$313,800$311,005$308,278$305,616$303,017$291,225
2 years$155,347$152,454$149,650$146,931$144,294$132,556
3 years$102,536$99,630$96,833$94,140$91,546$80,231
4 years$76,135$73,239$70,470$67,823$65,291$54,487
5 years$60,299$57,420$54,687$52,094$49,633$39,366
6 years$49,745$46,888$44,196$41,660$39,273$29,550
7 years$42,210$39,376$36,727$34,251$31,940$22,758
8 years$36,561$33,753$31,147$28,732$26,497$17,847
9 years$32,169$29,388$26,827$24,474$22,314$14,184
10 years$28,658$25,904$23,388$21,097$19,013$11,386
11 years$25,787$23,061$20,591$18,360$16,352$9,211
12 years$23,397$20,698$18,274$16,104$14,170$7,497
13 years$21,376$18,705$16,326$14,218$12,357$6,132
14 years$19,645$17,002$14,669$12,621$10,832$5,034
15 years$18,146$15,532$13,244$11,256$9,537$4,146
16 years$16,835$14,250$12,008$10,078$8,429$3,423
17 years$15,681$13,124$10,927$9,055$7,474$2,831
18 years$14,655$12,127$9,975$8,161$6,645$2,346
19 years$13,739$11,239$9,131$7,374$5,923$1,947
20 years$12,915$10,444$8,380$6,678$5,291$1,618
21 years$12,171$9,728$7,708$6,061$4,734$1,345
22 years$11,495$9,081$7,104$5,511$4,244$1,119
23 years$10,879$8,493$6,560$5,019$3,809$932
24 years$10,315$7,958$6,067$4,578$3,424$777
25 years$9,797$7,468$5,619$4,180$3,081$647
26 years$9,320$7,019$5,211$3,822$2,775$540
27 years$8,878$6,605$4,839$3,499$2,502$450
28 years$8,469$6,224$4,499$3,206$2,258$376
29 years$8,089$5,872$4,186$2,940$2,039$314
30 years$7,735$5,545$3,899$2,698$1,842$262
31 years$7,405$5,242$3,635$2,478$1,665$218
32 years$7,095$4,960$3,392$2,277$1,507$182
33 years$6,805$4,697$3,167$2,094$1,363$152
34 years$6,533$4,452$2,959$1,927$1,234$127
35 years$6,277$4,223$2,766$1,774$1,118$106
36 years$6,035$4,008$2,588$1,633$1,013$89
37 years$5,807$3,807$2,422$1,505$918$74
38 years$5,592$3,618$2,268$1,387$832$62
39 years$5,388$3,440$2,125$1,279$755$52
40 years$5,195$3,273$1,992$1,180$685$43
41 years$5,012$3,115$1,868$1,088$621$36
42 years$4,838$2,967$1,752$1,005$564$30
43 years$4,672$2,827$1,644$927$512$25
44 years$4,515$2,695$1,543$856$464$21
45 years$4,365$2,570$1,449$791$421$18
46 years$4,222$2,451$1,361$730$383$15
47 years$4,085$2,339$1,279$675$348$12
48 years$3,954$2,233$1,202$624$316$10
49 years$3,830$2,133$1,129$576$287$9
50 years$3,710$2,037$1,062$533$260$7

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 $3,926 every year, while hoping to spend $20,597 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: 59/25/16 Blend
69$3,800,000$3,800,000$3,800,000$3,800,000
70$4,191,650$3,990,250$3,931,350$4,421,543
71$4,597,283$4,163,857$4,041,135$4,750,980
72$5,043,600$4,345,280$4,153,907$5,107,447
73$5,534,730$4,534,882$4,269,746$5,495,703
74$6,075,221$4,733,039$4,388,730$5,918,818
75$6,670,084$4,940,148$4,510,943$6,380,168
76$7,324,841$5,156,625$4,636,469$6,883,467
77$8,045,578$5,382,902$4,765,393$7,432,799
78$8,838,998$5,619,435$4,897,805$8,032,656
79$9,712,489$5,866,701$5,033,795$8,687,982
80$10,674,192$6,125,199$5,173,456$9,404,216
81$11,733,076$6,395,450$5,316,884$10,187,342
82$12,899,025$6,678,002$5,464,174$11,043,947
83$14,182,929$6,973,428$5,615,428$11,981,279
84$15,596,790$7,282,328$5,770,747$13,007,314
85$17,153,832$7,605,331$5,930,236$14,130,832
86$18,868,626$7,943,096$6,094,003$15,361,499
87$20,757,231$8,296,312$6,262,156$16,709,954
88$22,837,339$8,665,702$6,434,809$18,187,909
89$25,128,448$9,052,022$6,612,076$19,808,259
90$27,652,044$9,456,066$6,794,075$21,585,201
91$30,431,803$9,878,663$6,980,927$23,534,365
92$33,493,813$10,320,684$7,172,754$25,672,963
93$36,866,825$10,783,040$7,369,684$28,019,948
94$40,582,517$11,266,685$7,571,845$30,596,189
95$44,675,802$11,772,621$7,779,369$33,424,668
96$49,185,148$12,301,894$7,992,393$36,530,695
97$54,152,949$12,855,602$8,211,054$39,942,144
98$59,625,919$13,434,896$8,435,493$43,689,714
99$65,655,538$14,040,981$8,665,857$47,807,214
100$72,298,532$14,675,119$8,902,293$52,331,883