Can I retire at age 70 with 4,200,000?

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 $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$346,832$343,743$340,729$337,787$334,914$328,825
2 years$171,699$168,501$165,402$162,397$159,483$153,370
3 years$113,329$110,117$107,026$104,050$101,182$95,236
4 years$84,150$80,948$77,888$74,962$72,164$66,430
5 years$66,647$63,464$60,444$57,578$54,858$49,353
6 years$54,982$51,823$48,848$46,046$43,407$38,137
7 years$46,653$43,521$40,593$37,857$35,302$30,268
8 years$40,409$37,306$34,426$31,757$29,286$24,488
9 years$35,556$32,481$29,651$27,050$24,663$20,097
10 years$31,675$28,631$25,850$23,317$21,014$16,676
11 years$28,502$25,488$22,758$20,293$18,073$13,959
12 years$25,860$22,877$20,197$17,800$15,662$11,765
13 years$23,626$20,674$18,045$15,714$13,657$9,972
14 years$21,712$18,792$16,214$13,950$11,972$8,492
15 years$20,056$17,167$14,639$12,441$10,541$7,259
16 years$18,608$15,750$13,272$11,139$9,316$6,225
17 years$17,331$14,505$12,077$10,008$8,260$5,353
18 years$16,198$13,404$11,025$9,020$7,345$4,614
19 years$15,185$12,422$10,093$8,150$6,547$3,984
20 years$14,274$11,543$9,263$7,381$5,847$3,446
21 years$13,452$10,752$8,520$6,699$5,233$2,985
22 years$12,705$10,037$7,852$6,091$4,690$2,589
23 years$12,024$9,387$7,250$5,547$4,210$2,247
24 years$11,401$8,795$6,705$5,059$3,784$1,953
25 years$10,828$8,254$6,210$4,621$3,405$1,698
26 years$10,301$7,757$5,760$4,225$3,067$1,478
27 years$9,813$7,301$5,348$3,867$2,766$1,287
28 years$9,361$6,879$4,972$3,543$2,495$1,121
29 years$8,941$6,490$4,627$3,249$2,253$977
30 years$8,549$6,129$4,310$2,982$2,036$852
31 years$8,184$5,794$4,018$2,739$1,841$743
32 years$7,842$5,482$3,749$2,517$1,665$648
33 years$7,522$5,192$3,500$2,314$1,507$565
34 years$7,221$4,921$3,270$2,129$1,364$494
35 years$6,937$4,667$3,058$1,960$1,236$431
36 years$6,671$4,430$2,860$1,805$1,120$376
37 years$6,419$4,207$2,677$1,663$1,015$329
38 years$6,181$3,998$2,507$1,533$920$287
39 years$5,956$3,802$2,349$1,414$834$251
40 years$5,742$3,617$2,202$1,304$757$219
41 years$5,540$3,443$2,064$1,203$687$191
42 years$5,347$3,279$1,937$1,110$623$167
43 years$5,164$3,125$1,817$1,025$565$146
44 years$4,990$2,978$1,706$946$513$128
45 years$4,824$2,840$1,602$874$466$111
46 years$4,666$2,709$1,504$807$423$97
47 years$4,515$2,586$1,413$746$384$85
48 years$4,371$2,468$1,328$689$349$74
49 years$4,233$2,357$1,248$637$317$65
50 years$4,101$2,252$1,174$589$288$57

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,200,000, adding $5,126 every year, while hoping to spend $46,029 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: 31/41/28 Blend
69$4,200,000$4,200,000$4,200,000$4,200,000
70$4,633,687$4,411,087$4,345,987$4,737,444
71$5,057,349$4,578,256$4,442,604$4,985,346
72$5,522,682$4,752,074$4,540,914$5,247,613
73$6,033,887$4,932,817$4,640,926$5,529,026
74$6,595,593$5,120,775$4,742,647$5,831,291
75$7,212,901$5,316,250$4,846,082$6,156,283
76$7,891,427$5,519,557$4,951,237$6,506,058
77$8,637,361$5,731,024$5,058,112$6,882,872
78$9,457,523$5,950,995$5,166,710$7,289,202
79$10,359,425$6,179,828$5,277,029$7,727,770
80$11,351,343$6,417,896$5,389,066$8,201,562
81$12,442,397$6,665,591$5,502,817$8,713,861
82$13,642,636$6,923,319$5,618,276$9,268,272
83$14,963,129$7,191,505$5,735,432$9,868,759
84$16,416,074$7,470,595$5,854,275$10,519,675
85$18,014,910$7,761,051$5,974,790$11,225,807
86$19,774,446$8,063,358$6,096,961$11,992,418
87$21,710,999$8,378,021$6,220,768$12,825,294
88$23,842,546$8,705,569$6,346,189$13,730,798
89$26,188,897$9,046,553$6,473,197$14,715,926
90$28,771,880$9,401,550$6,601,765$15,788,374
91$31,615,546$9,771,160$6,731,858$16,956,609
92$34,746,397$10,156,013$6,863,441$18,229,945
93$38,193,636$10,556,764$6,996,473$19,618,627
94$41,989,442$10,974,100$7,130,910$21,133,932
95$46,169,271$11,408,738$7,266,702$22,788,267
96$50,772,196$11,861,425$7,403,795$24,595,285
97$55,841,269$12,332,944$7,542,132$26,570,013
98$61,423,933$12,824,112$7,681,647$28,728,993
99$67,572,464$13,335,784$7,822,272$31,090,431
100$74,344,469$13,868,851$7,963,932$33,674,368