Can I retire at age 70 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$338,574$335,558$332,616$329,744$326,940$316,982
2 years$167,611$164,489$161,464$158,531$155,686$145,739
3 years$110,631$107,496$104,478$101,572$98,773$89,149
4 years$82,146$79,021$76,033$73,177$70,446$61,219
5 years$65,060$61,953$59,005$56,207$53,552$44,746
6 years$53,673$50,589$47,685$44,949$42,374$33,998
7 years$45,542$42,485$39,626$36,955$34,461$26,514
8 years$39,447$36,417$33,606$31,001$28,589$21,065
9 years$34,709$31,708$28,945$26,406$24,076$16,968
10 years$30,921$27,949$25,235$22,762$20,514$13,812
11 years$27,823$24,881$22,216$19,810$17,643$11,334
12 years$25,244$22,332$19,716$17,376$15,289$9,361
13 years$23,063$20,182$17,615$15,340$13,332$7,772
14 years$21,195$18,345$15,827$13,617$11,687$6,479
15 years$19,578$16,758$14,290$12,144$10,290$5,420
16 years$18,165$15,375$12,956$10,874$9,094$4,547
17 years$16,918$14,160$11,790$9,770$8,064$3,823
18 years$15,812$13,085$10,762$8,805$7,170$3,220
19 years$14,823$12,127$9,852$7,956$6,391$2,717
20 years$13,935$11,269$9,042$7,206$5,708$2,296
21 years$13,132$10,496$8,317$6,540$5,108$1,942
22 years$12,402$9,798$7,665$5,946$4,579$1,644
23 years$11,738$9,164$7,078$5,415$4,110$1,393
24 years$11,129$8,586$6,546$4,939$3,694$1,181
25 years$10,570$8,057$6,062$4,510$3,324$1,002
26 years$10,055$7,573$5,623$4,124$2,994$851
27 years$9,579$7,127$5,221$3,775$2,700$722
28 years$9,138$6,716$4,854$3,459$2,436$613
29 years$8,728$6,335$4,517$3,172$2,200$521
30 years$8,346$5,983$4,207$2,911$1,988$443
31 years$7,989$5,656$3,922$2,673$1,797$377
32 years$7,655$5,352$3,660$2,457$1,625$320
33 years$7,342$5,068$3,417$2,259$1,471$272
34 years$7,049$4,803$3,193$2,079$1,332$232
35 years$6,772$4,556$2,985$1,914$1,206$197
36 years$6,512$4,324$2,792$1,762$1,093$168
37 years$6,266$4,107$2,614$1,624$991$142
38 years$6,034$3,903$2,447$1,497$898$121
39 years$5,814$3,712$2,293$1,380$814$103
40 years$5,605$3,531$2,149$1,273$739$88
41 years$5,408$3,361$2,015$1,174$670$75
42 years$5,220$3,201$1,890$1,084$608$64
43 years$5,041$3,050$1,774$1,000$552$54
44 years$4,871$2,907$1,665$924$501$46
45 years$4,709$2,773$1,563$853$455$39
46 years$4,555$2,645$1,468$788$413$33
47 years$4,408$2,524$1,380$728$375$28
48 years$4,267$2,410$1,296$673$341$24
49 years$4,132$2,301$1,219$622$309$21
50 years$4,003$2,198$1,146$575$281$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,100,000, adding $6,189 every year, while hoping to spend $55,390 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: 33/42/25 Blend
69$4,100,000$4,100,000$4,100,000$4,100,000
70$4,524,584$4,307,284$4,243,734$4,639,188
71$4,927,157$4,459,406$4,326,965$4,878,205
72$5,368,936$4,617,126$4,411,127$5,130,212
73$5,853,862$4,780,660$4,496,194$5,400,709
74$6,386,274$4,950,231$4,582,135$5,691,364
75$6,970,956$5,126,074$4,668,918$6,004,013
76$7,613,173$5,308,431$4,756,507$6,340,667
77$8,318,729$5,497,556$4,844,862$6,703,538
78$9,094,015$5,693,712$4,933,940$7,095,057
79$9,946,074$5,897,173$5,023,696$7,517,893
80$10,882,663$6,108,225$5,114,080$7,974,980
81$11,912,331$6,327,164$5,205,038$8,469,544
82$13,044,493$6,554,299$5,296,511$9,005,130
83$14,289,524$6,789,953$5,388,437$9,585,637
84$15,658,856$7,034,460$5,480,750$10,215,353
85$17,165,080$7,288,170$5,573,376$10,898,993
86$18,822,074$7,551,446$5,666,240$11,641,743
87$20,645,125$7,824,667$5,759,259$12,449,308
88$22,651,078$8,108,226$5,852,344$13,327,965
89$24,858,493$8,402,534$5,945,403$14,284,620
90$27,287,820$8,708,019$6,038,334$15,326,874
91$29,961,592$9,025,126$6,131,033$16,463,090
92$32,904,637$9,354,319$6,223,385$17,702,471
93$36,144,311$9,696,082$6,315,269$19,055,149
94$39,710,759$10,050,919$6,406,560$20,532,274
95$43,637,197$10,419,354$6,497,119$22,146,123
96$47,960,223$10,801,935$6,586,805$23,910,210
97$52,720,167$11,199,231$6,675,464$25,839,411
98$57,961,468$11,611,836$6,762,936$27,950,109
99$63,733,092$12,040,370$6,849,048$30,260,339
100$70,088,997$12,485,479$6,933,622$32,789,963