Can I retire at age 70 with 4,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$363,348$360,111$356,954$353,872$350,862$347,487
2 years$179,875$176,525$173,278$170,131$167,077$163,677
3 years$118,726$115,361$112,123$109,004$106,001$102,681
4 years$88,157$84,803$81,597$78,531$75,601$72,388
5 years$69,820$66,486$63,322$60,320$57,470$54,373
6 years$57,600$54,291$51,174$48,238$45,474$42,496
7 years$48,875$45,594$42,526$39,659$36,983$34,125
8 years$42,334$39,082$36,065$33,269$30,681$27,944
9 years$37,249$34,028$31,063$28,338$25,838$23,221
10 years$33,183$29,994$27,081$24,428$22,015$19,516
11 years$29,859$26,702$23,842$21,259$18,934$16,551
12 years$27,091$23,966$21,159$18,647$16,407$14,138
13 years$24,751$21,658$18,904$16,463$14,308$12,150
14 years$22,746$19,687$16,986$14,614$12,542$10,492
15 years$21,011$17,984$15,336$13,033$11,043$9,098
16 years$19,494$16,500$13,904$11,670$9,760$7,917
17 years$18,156$15,196$12,652$10,485$8,654$6,910
18 years$16,969$14,042$11,550$9,449$7,694$6,046
19 years$15,908$13,014$10,573$8,538$6,858$5,302
20 years$14,954$12,093$9,704$7,733$6,126$4,658
21 years$14,092$11,264$8,925$7,018$5,482$4,099
22 years$13,310$10,515$8,226$6,381$4,914$3,612
23 years$12,597$9,834$7,595$5,811$4,411$3,187
24 years$11,944$9,214$7,024$5,300$3,965$2,815
25 years$11,344$8,647$6,506$4,841$3,568$2,488
26 years$10,791$8,127$6,034$4,426$3,214$2,202
27 years$10,280$7,648$5,603$4,051$2,897$1,950
28 years$9,807$7,207$5,209$3,712$2,614$1,728
29 years$9,367$6,799$4,847$3,404$2,361$1,532
30 years$8,956$6,421$4,515$3,124$2,133$1,358
31 years$8,574$6,070$4,209$2,869$1,928$1,205
32 years$8,216$5,743$3,927$2,637$1,744$1,070
33 years$7,880$5,439$3,667$2,425$1,579$950
34 years$7,564$5,155$3,426$2,231$1,429$844
35 years$7,268$4,889$3,203$2,054$1,295$750
36 years$6,988$4,641$2,997$1,891$1,173$667
37 years$6,724$4,408$2,805$1,743$1,063$593
38 years$6,475$4,189$2,627$1,606$964$527
39 years$6,239$3,983$2,461$1,481$874$469
40 years$6,015$3,790$2,306$1,366$793$417
41 years$5,803$3,607$2,163$1,260$719$371
42 years$5,602$3,436$2,029$1,163$653$330
43 years$5,410$3,273$1,904$1,074$592$293
44 years$5,228$3,120$1,787$991$538$261
45 years$5,054$2,975$1,678$916$488$232
46 years$4,888$2,838$1,576$846$443$207
47 years$4,730$2,709$1,481$781$402$184
48 years$4,579$2,586$1,391$722$365$164
49 years$4,434$2,469$1,308$667$332$146
50 years$4,296$2,359$1,229$617$301$130

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,400,000, adding $4,020 every year, while hoping to spend $38,225 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: 58/14/28 Blend
69$4,400,000$4,400,000$4,400,000$4,400,000
70$4,852,947$4,619,747$4,551,547$5,097,079
71$5,307,276$4,805,443$4,663,352$5,450,473
72$5,806,666$4,998,958$4,777,622$5,831,247
73$6,355,672$5,200,633$4,894,399$6,245,660
74$6,959,314$5,410,827$5,013,725$6,696,986
75$7,623,121$5,629,915$5,135,641$7,188,827
76$8,353,186$5,858,287$5,260,192$7,725,146
77$9,156,222$6,096,354$5,387,419$8,310,306
78$10,039,624$6,344,543$5,517,365$8,949,111
79$11,011,541$6,603,301$5,650,073$9,646,846
80$12,080,952$6,873,097$5,785,584$10,409,331
81$13,257,750$7,154,419$5,923,941$11,242,973
82$14,552,833$7,447,778$6,065,187$12,154,827
83$15,978,213$7,753,711$6,209,361$13,152,659
84$17,547,124$8,072,775$6,356,508$14,245,023
85$19,274,145$8,405,556$6,506,666$15,441,336
86$21,175,346$8,752,665$6,659,876$16,751,968
87$23,268,428$9,114,743$6,816,180$18,188,343
88$25,572,901$9,492,459$6,975,615$19,763,037
89$28,110,259$9,886,512$7,138,220$21,489,904
90$30,904,189$10,297,635$7,304,034$23,384,202
91$33,980,791$10,726,593$7,473,093$25,462,736
92$37,368,823$11,174,188$7,645,434$27,744,016
93$41,099,978$11,641,258$7,821,091$30,248,431
94$45,209,176$12,128,679$8,000,097$32,998,441
95$49,734,897$12,637,370$8,182,486$36,018,784
96$54,719,545$13,168,290$8,368,288$39,336,713
97$60,209,846$13,722,443$8,557,532$42,982,250
98$66,257,287$14,300,880$8,750,247$46,988,466
99$72,918,608$14,904,700$8,946,457$51,391,796
100$80,256,330$15,535,055$9,146,188$56,232,376