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%14.2%
1 years$322,058$319,190$316,391$313,659$310,991$305,588
2 years$159,435$156,466$153,588$150,798$148,091$142,665
3 years$105,234$102,252$99,381$96,617$93,955$88,675
4 years$78,139$75,166$72,324$69,607$67,010$61,916
5 years$61,886$58,931$56,127$53,465$50,940$46,048
6 years$51,055$48,122$45,359$42,757$40,307$35,622
7 years$43,321$40,412$37,693$35,153$32,780$28,303
8 years$37,523$34,641$31,967$29,489$27,194$22,925
9 years$33,016$30,161$27,533$25,118$22,902$18,837
10 years$29,412$26,586$24,004$21,652$19,513$15,650
11 years$26,466$23,668$21,133$18,843$16,782$13,116
12 years$24,013$21,243$18,755$16,528$14,543$11,069
13 years$21,938$19,197$16,756$14,592$12,682$9,395
14 years$20,161$17,450$15,055$12,953$11,117$8,011
15 years$18,623$15,941$13,593$11,552$9,788$6,857
16 years$17,278$14,625$12,324$10,343$8,651$5,889
17 years$16,093$13,469$11,214$9,294$7,670$5,071
18 years$15,041$12,446$10,237$8,375$6,820$4,377
19 years$14,100$11,535$9,372$7,568$6,079$3,785
20 years$13,255$10,719$8,601$6,854$5,430$3,279
21 years$12,491$9,984$7,911$6,221$4,859$2,845
22 years$11,797$9,320$7,291$5,656$4,355$2,471
23 years$11,165$8,717$6,732$5,151$3,910$2,148
24 years$10,586$8,167$6,226$4,698$3,514$1,870
25 years$10,055$7,664$5,767$4,290$3,162$1,628
26 years$9,565$7,203$5,348$3,923$2,848$1,419
27 years$9,112$6,779$4,966$3,591$2,568$1,238
28 years$8,692$6,388$4,617$3,290$2,317$1,080
29 years$8,302$6,026$4,296$3,017$2,092$943
30 years$7,939$5,691$4,002$2,769$1,891$823
31 years$7,599$5,380$3,731$2,543$1,709$719
32 years$7,282$5,091$3,481$2,337$1,546$629
33 years$6,984$4,821$3,250$2,149$1,399$549
34 years$6,705$4,569$3,037$1,977$1,267$480
35 years$6,442$4,334$2,839$1,820$1,147$420
36 years$6,194$4,113$2,656$1,676$1,040$367
37 years$5,960$3,907$2,486$1,545$942$321
38 years$5,739$3,713$2,328$1,424$854$281
39 years$5,530$3,531$2,181$1,313$775$246
40 years$5,332$3,359$2,044$1,211$703$215
41 years$5,144$3,197$1,917$1,117$637$188
42 years$4,965$3,045$1,798$1,031$578$165
43 years$4,795$2,901$1,687$952$525$144
44 years$4,634$2,766$1,584$879$477$126
45 years$4,480$2,637$1,487$812$433$111
46 years$4,333$2,516$1,397$750$393$97
47 years$4,193$2,401$1,312$693$357$85
48 years$4,059$2,292$1,233$640$324$74
49 years$3,930$2,189$1,159$591$294$65
50 years$3,808$2,091$1,090$547$267$57

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 $4,224 every year, while hoping to spend $58,705 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: 25/50/25 Blend
69$3,900,000$3,900,000$3,900,000$3,900,000
70$4,302,157$4,095,457$4,035,007$4,375,602
71$4,678,515$4,233,673$4,107,718$4,574,470
72$5,091,295$4,376,694$4,180,897$4,782,228
73$5,544,148$4,524,693$4,254,499$5,003,750
74$6,041,099$4,677,851$4,328,472$5,240,226
75$6,586,580$4,836,354$4,402,765$5,492,962
76$7,185,472$5,000,396$4,477,318$5,763,390
77$7,843,153$5,170,179$4,552,072$6,053,081
78$8,565,548$5,345,911$4,626,960$6,363,760
79$9,359,183$5,527,810$4,701,912$6,697,321
80$10,231,247$5,716,100$4,776,853$7,055,842
81$11,189,661$5,911,015$4,851,704$7,441,610
82$12,243,149$6,112,798$4,926,379$7,857,132
83$13,401,326$6,321,701$5,000,789$8,305,166
84$14,674,783$6,537,985$5,074,836$8,788,743
85$16,075,187$6,761,923$5,148,420$9,311,194
86$17,615,395$6,993,796$5,221,431$9,876,181
87$19,309,572$7,233,898$5,293,755$10,487,730
88$21,173,322$7,482,534$5,365,270$11,150,269
89$23,223,842$7,740,019$5,435,848$11,868,668
90$25,480,077$8,006,682$5,505,351$12,648,284
91$27,962,900$8,282,865$5,573,636$13,495,010
92$30,695,313$8,568,923$5,640,550$14,415,329
93$33,702,658$8,865,223$5,705,932$15,416,376
94$37,012,860$9,172,150$5,769,611$16,506,000
95$40,656,687$9,490,100$5,831,408$17,692,840
96$44,668,042$9,819,489$5,891,134$18,986,407
97$49,084,284$10,160,745$5,948,588$20,397,164
98$53,946,576$10,514,316$6,003,561$21,936,634
99$59,300,275$10,880,667$6,055,829$23,617,499
100$65,195,363$11,260,279$6,105,159$25,453,723