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%15.5%
1 years$330,316$327,374$324,503$321,702$318,966$311,761
2 years$163,523$160,477$157,526$154,664$151,888$144,669
3 years$107,932$104,874$101,930$99,095$96,364$89,355
4 years$80,143$77,093$74,179$71,392$68,728$61,983
5 years$63,473$60,442$57,566$54,836$52,246$45,784
6 years$52,364$49,356$46,522$43,853$41,340$35,168
7 years$44,431$41,449$38,660$36,054$33,621$27,739
8 years$38,485$35,529$32,787$30,245$27,892$22,299
9 years$33,863$30,935$28,239$25,762$23,489$18,181
10 years$30,167$27,267$24,619$22,207$20,014$14,984
11 years$27,145$24,274$21,675$19,327$17,212$12,455
12 years$24,628$21,787$19,236$16,952$14,916$10,423
13 years$22,501$19,689$17,186$14,966$13,007$8,770
14 years$20,678$17,897$15,441$13,285$11,402$7,413
15 years$19,101$16,349$13,942$11,848$10,039$6,289
16 years$17,722$15,000$12,640$10,609$8,873$5,351
17 years$16,506$13,815$11,502$9,532$7,867$4,565
18 years$15,426$12,765$10,500$8,590$6,995$3,903
19 years$14,462$11,831$9,612$7,762$6,235$3,343
20 years$13,595$10,994$8,821$7,030$5,569$2,868
21 years$12,811$10,240$8,114$6,380$4,984$2,463
22 years$12,100$9,559$7,478$5,801$4,467$2,118
23 years$11,451$8,940$6,905$5,283$4,010$1,823
24 years$10,858$8,376$6,386$4,818$3,604$1,571
25 years$10,313$7,861$5,915$4,400$3,243$1,354
26 years$9,810$7,388$5,486$4,024$2,921$1,168
27 years$9,346$6,953$5,094$3,683$2,634$1,008
28 years$8,915$6,552$4,735$3,374$2,377$870
29 years$8,515$6,181$4,407$3,094$2,146$752
30 years$8,142$5,837$4,105$2,840$1,939$649
31 years$7,794$5,518$3,827$2,608$1,753$561
32 years$7,469$5,221$3,570$2,397$1,586$485
33 years$7,163$4,945$3,334$2,204$1,435$419
34 years$6,877$4,686$3,115$2,028$1,299$363
35 years$6,607$4,445$2,912$1,867$1,177$314
36 years$6,353$4,219$2,724$1,719$1,066$271
37 years$6,113$4,007$2,550$1,584$966$235
38 years$5,886$3,808$2,388$1,460$876$203
39 years$5,672$3,621$2,237$1,346$795$176
40 years$5,469$3,445$2,097$1,242$721$152
41 years$5,276$3,279$1,966$1,146$654$132
42 years$5,093$3,123$1,844$1,057$593$114
43 years$4,918$2,976$1,731$976$538$99
44 years$4,753$2,837$1,624$901$489$85
45 years$4,595$2,705$1,525$832$444$74
46 years$4,444$2,580$1,433$769$403$64
47 years$4,300$2,462$1,346$710$366$55
48 years$4,163$2,351$1,265$656$332$48
49 years$4,031$2,245$1,189$607$302$41
50 years$3,905$2,144$1,118$561$274$36

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 $5,540 every year, while hoping to spend $42,227 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: 60/33/7 Blend
69$4,000,000$4,000,000$4,000,000$4,000,000
70$4,413,715$4,201,715$4,139,715$4,671,888
71$4,818,984$4,362,669$4,233,466$5,006,389
72$5,264,176$4,530,096$4,328,942$5,365,728
73$5,753,318$4,704,266$4,426,158$5,756,591
74$6,290,846$4,885,465$4,525,124$6,182,010
75$6,881,649$5,073,989$4,625,852$6,645,321
76$7,531,111$5,270,149$4,728,352$7,150,193
77$8,245,166$5,474,268$4,832,634$7,700,662
78$9,030,350$5,686,684$4,938,704$8,301,168
79$9,893,865$5,907,750$5,046,569$8,956,593
80$10,843,644$6,137,835$5,156,234$9,672,314
81$11,888,429$6,377,323$5,267,702$10,454,243
82$13,037,853$6,626,615$5,380,974$11,308,888
83$14,302,527$6,886,133$5,496,049$12,243,411
84$15,694,145$7,156,313$5,612,927$13,265,697
85$17,225,589$7,437,614$5,731,602$14,384,420
86$18,911,056$7,730,514$5,852,067$15,609,133
87$20,766,187$8,035,513$5,974,315$16,950,351
88$22,808,217$8,353,132$6,098,333$18,419,649
89$25,056,136$8,683,916$6,224,109$20,029,771
90$27,530,870$9,028,436$6,351,624$21,794,749
91$30,255,475$9,387,285$6,480,860$23,730,034
92$33,255,358$9,761,087$6,611,793$25,852,638
93$36,558,515$10,150,490$6,744,398$28,181,295
94$40,195,794$10,556,175$6,878,646$30,736,635
95$44,201,187$10,978,849$7,014,503$33,541,376
96$48,612,151$11,419,256$7,151,931$36,620,541
97$53,469,960$11,878,169$7,290,891$40,001,684
98$58,820,095$12,356,399$7,431,335$43,715,156
99$64,712,675$12,854,793$7,573,215$47,794,384
100$71,202,926$13,374,235$7,716,475$52,276,186