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

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$363,348$360,111$356,954$353,872$350,862$342,937
2 years$179,875$176,525$173,278$170,131$167,077$159,136
3 years$118,726$115,361$112,123$109,004$106,001$98,290
4 years$88,157$84,803$81,597$78,531$75,601$68,181
5 years$69,820$66,486$63,322$60,320$57,470$50,362
6 years$57,600$54,291$51,174$48,238$45,474$38,685
7 years$48,875$45,594$42,526$39,659$36,983$30,513
8 years$42,334$39,082$36,065$33,269$30,681$24,529
9 years$37,249$34,028$31,063$28,338$25,838$19,999
10 years$33,183$29,994$27,081$24,428$22,015$16,483
11 years$29,859$26,702$23,842$21,259$18,934$13,701
12 years$27,091$23,966$21,159$18,647$16,407$11,465
13 years$24,751$21,658$18,904$16,463$14,308$9,647
14 years$22,746$19,687$16,986$14,614$12,542$8,154
15 years$21,011$17,984$15,336$13,033$11,043$6,917
16 years$19,494$16,500$13,904$11,670$9,760$5,886
17 years$18,156$15,196$12,652$10,485$8,654$5,022
18 years$16,969$14,042$11,550$9,449$7,694$4,293
19 years$15,908$13,014$10,573$8,538$6,858$3,677
20 years$14,954$12,093$9,704$7,733$6,126$3,155
21 years$14,092$11,264$8,925$7,018$5,482$2,710
22 years$13,310$10,515$8,226$6,381$4,914$2,330
23 years$12,597$9,834$7,595$5,811$4,411$2,006
24 years$11,944$9,214$7,024$5,300$3,965$1,728
25 years$11,344$8,647$6,506$4,841$3,568$1,489
26 years$10,791$8,127$6,034$4,426$3,214$1,285
27 years$10,280$7,648$5,603$4,051$2,897$1,109
28 years$9,807$7,207$5,209$3,712$2,614$957
29 years$9,367$6,799$4,847$3,404$2,361$827
30 years$8,956$6,421$4,515$3,124$2,133$714
31 years$8,574$6,070$4,209$2,869$1,928$617
32 years$8,216$5,743$3,927$2,637$1,744$534
33 years$7,880$5,439$3,667$2,425$1,579$461
34 years$7,564$5,155$3,426$2,231$1,429$399
35 years$7,268$4,889$3,203$2,054$1,295$345
36 years$6,988$4,641$2,997$1,891$1,173$299
37 years$6,724$4,408$2,805$1,743$1,063$258
38 years$6,475$4,189$2,627$1,606$964$223
39 years$6,239$3,983$2,461$1,481$874$193
40 years$6,015$3,790$2,306$1,366$793$167
41 years$5,803$3,607$2,163$1,260$719$145
42 years$5,602$3,436$2,029$1,163$653$125
43 years$5,410$3,273$1,904$1,074$592$108
44 years$5,228$3,120$1,787$991$538$94
45 years$5,054$2,975$1,678$916$488$81
46 years$4,888$2,838$1,576$846$443$70
47 years$4,730$2,709$1,481$781$402$61
48 years$4,579$2,586$1,391$722$365$53
49 years$4,434$2,469$1,308$667$332$46
50 years$4,296$2,359$1,229$617$301$40

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 $4,131 every year, while hoping to spend $58,515 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: 42/37/21 Blend
69$4,400,000$4,400,000$4,400,000$4,400,000
70$4,853,061$4,619,861$4,551,661$5,026,878
71$5,285,814$4,783,975$4,641,882$5,314,975
72$5,760,746$4,954,169$4,733,165$5,620,795
73$6,282,099$5,130,680$4,825,482$5,950,781
74$6,854,542$5,313,753$4,918,805$6,307,183
75$7,483,223$5,503,644$5,013,103$6,692,476
76$8,173,809$5,700,619$5,108,339$7,109,380
77$8,932,544$5,904,957$5,204,475$7,560,883
78$9,766,308$6,116,944$5,301,470$8,050,273
79$10,682,680$6,336,882$5,399,277$8,581,164
80$11,690,008$6,565,084$5,497,847$9,157,532
81$12,797,490$6,801,875$5,597,127$9,783,748
82$14,015,262$7,047,595$5,697,058$10,464,623
83$15,354,488$7,302,596$5,797,579$11,205,448
84$16,827,469$7,567,247$5,898,621$12,012,045
85$18,447,760$7,841,930$6,000,114$12,890,820
86$20,230,292$8,127,046$6,101,978$13,848,824
87$22,191,520$8,423,010$6,204,133$14,893,814
88$24,349,573$8,730,254$6,306,488$16,034,332
89$26,724,423$9,049,231$6,408,950$17,279,776
90$29,338,081$9,380,410$6,511,417$18,640,494
91$32,214,797$9,724,281$6,613,781$20,127,877
92$35,381,291$10,081,356$6,715,927$21,754,466
93$38,867,006$10,452,166$6,817,734$23,534,068
94$42,704,384$10,837,265$6,919,071$25,481,886
95$46,929,172$11,237,232$7,019,801$27,614,660
96$51,580,760$11,652,669$7,119,777$29,950,823
97$56,702,551$12,084,204$7,218,843$32,510,676
98$62,342,373$12,532,491$7,316,836$35,316,571
99$68,552,926$12,998,214$7,413,581$38,393,129
100$75,392,282$13,482,083$7,508,893$41,767,465