Can I retire at age 70 with 4,000,000?

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 $4,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$330,316$327,374$324,503$321,702$318,966$317,622
2 years$163,523$160,477$157,526$154,664$151,888$150,532
3 years$107,932$104,874$101,930$99,095$96,364$95,037
4 years$80,143$77,093$74,179$71,392$68,728$67,439
5 years$63,473$60,442$57,566$54,836$52,246$51,001
6 years$52,364$49,356$46,522$43,853$41,340$40,140
7 years$44,431$41,449$38,660$36,054$33,621$32,466
8 years$38,485$35,529$32,787$30,245$27,892$26,782
9 years$33,863$30,935$28,239$25,762$23,489$22,425
10 years$30,167$27,267$24,619$22,207$20,014$18,994
11 years$27,145$24,274$21,675$19,327$17,212$16,237
12 years$24,628$21,787$19,236$16,952$14,916$13,984
13 years$22,501$19,689$17,186$14,966$13,007$12,118
14 years$20,678$17,897$15,441$13,285$11,402$10,554
15 years$19,101$16,349$13,942$11,848$10,039$9,232
16 years$17,722$15,000$12,640$10,609$8,873$8,105
17 years$16,506$13,815$11,502$9,532$7,867$7,137
18 years$15,426$12,765$10,500$8,590$6,995$6,303
19 years$14,462$11,831$9,612$7,762$6,235$5,578
20 years$13,595$10,994$8,821$7,030$5,569$4,947
21 years$12,811$10,240$8,114$6,380$4,984$4,395
22 years$12,100$9,559$7,478$5,801$4,467$3,911
23 years$11,451$8,940$6,905$5,283$4,010$3,485
24 years$10,858$8,376$6,386$4,818$3,604$3,109
25 years$10,313$7,861$5,915$4,400$3,243$2,776
26 years$9,810$7,388$5,486$4,024$2,921$2,481
27 years$9,346$6,953$5,094$3,683$2,634$2,220
28 years$8,915$6,552$4,735$3,374$2,377$1,987
29 years$8,515$6,181$4,407$3,094$2,146$1,780
30 years$8,142$5,837$4,105$2,840$1,939$1,596
31 years$7,794$5,518$3,827$2,608$1,753$1,431
32 years$7,469$5,221$3,570$2,397$1,586$1,284
33 years$7,163$4,945$3,334$2,204$1,435$1,153
34 years$6,877$4,686$3,115$2,028$1,299$1,035
35 years$6,607$4,445$2,912$1,867$1,177$930
36 years$6,353$4,219$2,724$1,719$1,066$835
37 years$6,113$4,007$2,550$1,584$966$751
38 years$5,886$3,808$2,388$1,460$876$675
39 years$5,672$3,621$2,237$1,346$795$607
40 years$5,469$3,445$2,097$1,242$721$546
41 years$5,276$3,279$1,966$1,146$654$491
42 years$5,093$3,123$1,844$1,057$593$442
43 years$4,918$2,976$1,731$976$538$397
44 years$4,753$2,837$1,624$901$489$358
45 years$4,595$2,705$1,525$832$444$322
46 years$4,444$2,580$1,433$769$403$290
47 years$4,300$2,462$1,346$710$366$261
48 years$4,163$2,351$1,265$656$332$235
49 years$4,031$2,245$1,189$607$302$211
50 years$3,905$2,144$1,118$561$274$190

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,000,000, adding $4,238 every year, while hoping to spend $38,541 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: 41/33/26 Blend
69$4,000,000$4,000,000$4,000,000$4,000,000
70$4,412,371$4,200,371$4,138,371$4,559,371
71$4,821,426$4,365,182$4,236,000$4,830,503
72$5,270,912$4,536,777$4,335,607$5,119,842
73$5,764,914$4,715,448$4,437,218$5,432,285
74$6,307,929$4,901,499$4,540,859$5,769,977
75$6,904,915$5,095,249$4,646,554$6,135,273
76$7,561,330$5,297,030$4,754,328$6,530,762
77$8,283,191$5,507,190$4,864,203$6,959,290
78$9,077,127$5,726,092$4,976,204$7,423,983
79$9,950,439$5,954,116$5,090,352$7,928,277
80$10,911,173$6,191,657$5,206,668$8,475,951
81$11,968,194$6,439,130$5,325,173$9,071,160
82$13,131,270$6,696,967$5,445,886$9,718,471
83$14,411,163$6,965,622$5,568,827$10,422,909
84$15,819,731$7,245,567$5,694,012$11,190,000
85$17,370,039$7,537,296$5,821,457$12,025,823
86$19,076,485$7,841,325$5,951,178$12,937,066
87$20,954,932$8,158,195$6,083,188$13,931,086
88$23,022,859$8,488,470$6,217,498$15,015,980
89$25,299,525$8,832,740$6,354,119$16,200,657
90$27,806,154$9,191,622$6,493,060$17,494,921
91$30,566,131$9,565,760$6,634,326$18,909,564
92$33,605,223$9,955,830$6,777,923$20,456,463
93$36,951,825$10,362,535$6,923,853$22,148,692
94$40,637,225$10,786,613$7,072,116$24,000,643
95$44,695,900$11,228,834$7,222,709$26,028,159
96$49,165,840$11,690,006$7,375,629$28,248,683
97$54,088,910$12,170,970$7,530,866$30,681,421
98$59,511,239$12,672,608$7,688,410$33,347,517
99$65,483,662$13,195,842$7,848,249$36,270,254
100$72,062,193$13,741,636$8,010,363$39,475,270