Can I retire at age 70 with 3,900,000?

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 $3,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$322,058$319,190$316,391$313,659$310,991$309,161
2 years$159,435$156,466$153,588$150,798$148,091$146,245
3 years$105,234$102,252$99,381$96,617$93,955$92,149
4 years$78,139$75,166$72,324$69,607$67,010$65,259
5 years$61,886$58,931$56,127$53,465$50,940$49,249
6 years$51,055$48,122$45,359$42,757$40,307$38,678
7 years$43,321$40,412$37,693$35,153$32,780$31,215
8 years$37,523$34,641$31,967$29,489$27,194$25,692
9 years$33,016$30,161$27,533$25,118$22,902$21,462
10 years$29,412$26,586$24,004$21,652$19,513$18,135
11 years$26,466$23,668$21,133$18,843$16,782$15,465
12 years$24,013$21,243$18,755$16,528$14,543$13,286
13 years$21,938$19,197$16,756$14,592$12,682$11,483
14 years$20,161$17,450$15,055$12,953$11,117$9,976
15 years$18,623$15,941$13,593$11,552$9,788$8,703
16 years$17,278$14,625$12,324$10,343$8,651$7,620
17 years$16,093$13,469$11,214$9,294$7,670$6,692
18 years$15,041$12,446$10,237$8,375$6,820$5,892
19 years$14,100$11,535$9,372$7,568$6,079$5,200
20 years$13,255$10,719$8,601$6,854$5,430$4,599
21 years$12,491$9,984$7,911$6,221$4,859$4,074
22 years$11,797$9,320$7,291$5,656$4,355$3,614
23 years$11,165$8,717$6,732$5,151$3,910$3,211
24 years$10,586$8,167$6,226$4,698$3,514$2,855
25 years$10,055$7,664$5,767$4,290$3,162$2,542
26 years$9,565$7,203$5,348$3,923$2,848$2,265
27 years$9,112$6,779$4,966$3,591$2,568$2,020
28 years$8,692$6,388$4,617$3,290$2,317$1,803
29 years$8,302$6,026$4,296$3,017$2,092$1,610
30 years$7,939$5,691$4,002$2,769$1,891$1,438
31 years$7,599$5,380$3,731$2,543$1,709$1,286
32 years$7,282$5,091$3,481$2,337$1,546$1,150
33 years$6,984$4,821$3,250$2,149$1,399$1,029
34 years$6,705$4,569$3,037$1,977$1,267$921
35 years$6,442$4,334$2,839$1,820$1,147$824
36 years$6,194$4,113$2,656$1,676$1,040$738
37 years$5,960$3,907$2,486$1,545$942$661
38 years$5,739$3,713$2,328$1,424$854$593
39 years$5,530$3,531$2,181$1,313$775$531
40 years$5,332$3,359$2,044$1,211$703$476
41 years$5,144$3,197$1,917$1,117$637$427
42 years$4,965$3,045$1,798$1,031$578$382
43 years$4,795$2,901$1,687$952$525$343
44 years$4,634$2,766$1,584$879$477$308
45 years$4,480$2,637$1,487$812$433$276
46 years$4,333$2,516$1,397$750$393$247
47 years$4,193$2,401$1,312$693$357$222
48 years$4,059$2,292$1,233$640$324$199
49 years$3,930$2,189$1,159$591$294$179
50 years$3,808$2,091$1,090$547$267$160

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,900,000, adding $5,053 every year, while hoping to spend $45,626 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: 43/43/14 Blend
69$3,900,000$3,900,000$3,900,000$3,900,000
70$4,303,012$4,096,312$4,035,862$4,470,335
71$4,693,374$4,248,486$4,122,518$4,740,233
72$5,122,023$4,406,587$4,210,547$5,027,511
73$5,592,817$4,570,857$4,299,948$5,337,744
74$6,110,005$4,741,550$4,390,717$5,673,060
75$6,678,268$4,918,928$4,482,849$6,035,795
76$7,302,762$5,103,267$4,576,335$6,428,514
77$7,989,170$5,294,853$4,671,168$6,854,039
78$8,743,749$5,493,984$4,767,336$7,315,469
79$9,573,395$5,700,973$4,864,825$7,816,210
80$10,485,705$5,916,144$4,963,621$8,360,005
81$11,489,049$6,139,837$5,063,704$8,950,973
82$12,592,649$6,372,407$5,165,055$9,593,640
83$13,806,665$6,614,221$5,267,651$10,292,983
84$15,142,293$6,865,665$5,371,465$11,054,477
85$16,611,865$7,127,141$5,476,468$11,884,146
86$18,228,974$7,399,069$5,582,628$12,788,612
87$20,008,592$7,681,887$5,689,909$13,775,165
88$21,967,220$7,976,051$5,798,272$14,851,823
89$24,123,037$8,282,038$5,907,675$16,027,410
90$26,496,076$8,600,346$6,018,070$17,311,636
91$29,108,407$8,931,495$6,129,407$18,715,188
92$31,984,353$9,276,027$6,241,631$20,249,827
93$35,150,712$9,634,507$6,354,681$21,928,499
94$38,637,014$10,007,528$6,468,492$23,765,454
95$42,475,799$10,395,706$6,582,996$25,776,381
96$46,702,920$10,799,685$6,698,116$27,978,549
97$51,357,888$11,220,139$6,813,773$30,390,971
98$56,484,237$11,657,771$6,929,879$33,034,583
99$62,129,941$12,113,313$7,046,341$35,932,435
100$68,347,862$12,587,533$7,163,061$39,109,908