Can I retire at age 70 with 4,500,000?

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$371,606$368,296$365,066$361,914$358,836$349,736
2 years$183,963$180,537$177,217$173,997$170,874$161,765
3 years$121,424$117,983$114,671$111,482$108,410$99,576
4 years$90,160$86,730$83,451$80,316$77,319$68,829
5 years$71,407$67,997$64,761$61,691$58,776$50,654
6 years$58,909$55,525$52,337$49,334$46,508$38,761
7 years$49,985$46,630$43,492$40,561$37,823$30,453
8 years$43,296$39,970$36,885$34,025$31,378$24,380
9 years$38,095$34,801$31,769$28,982$26,425$19,794
10 years$33,937$30,676$27,697$24,983$22,515$16,243
11 years$30,538$27,309$24,384$21,742$19,364$13,441
12 years$27,707$24,511$21,640$19,071$16,780$11,197
13 years$25,313$22,151$19,334$16,837$14,633$9,378
14 years$23,263$20,134$17,372$14,946$12,827$7,888
15 years$21,488$18,393$15,684$13,329$11,294$6,659
16 years$19,937$16,875$14,220$11,935$9,982$5,638
17 years$18,569$15,542$12,940$10,723$8,850$4,786
18 years$17,355$14,361$11,812$9,664$7,869$4,071
19 years$16,270$13,310$10,814$8,732$7,014$3,469
20 years$15,294$12,368$9,924$7,909$6,265$2,960
21 years$14,413$11,520$9,128$7,178$5,607$2,529
22 years$13,612$10,754$8,413$6,526$5,026$2,163
23 years$12,883$10,058$7,768$5,943$4,511$1,851
24 years$12,215$9,424$7,184$5,421$4,055$1,586
25 years$11,602$8,844$6,654$4,951$3,649$1,360
26 years$11,036$8,311$6,171$4,527$3,287$1,166
27 years$10,514$7,822$5,731$4,143$2,963$1,001
28 years$10,030$7,371$5,327$3,796$2,674$859
29 years$9,579$6,953$4,957$3,481$2,414$738
30 years$9,160$6,567$4,618$3,195$2,181$634
31 years$8,769$6,208$4,305$2,934$1,972$545
32 years$8,402$5,874$4,017$2,697$1,784$468
33 years$8,059$5,563$3,750$2,480$1,615$402
34 years$7,736$5,272$3,504$2,282$1,462$346
35 years$7,433$5,000$3,276$2,100$1,324$297
36 years$7,147$4,746$3,065$1,934$1,200$256
37 years$6,877$4,508$2,868$1,782$1,087$220
38 years$6,622$4,284$2,686$1,643$986$189
39 years$6,381$4,074$2,517$1,515$894$163
40 years$6,152$3,876$2,359$1,397$811$140
41 years$5,935$3,689$2,212$1,289$736$120
42 years$5,729$3,514$2,075$1,190$667$104
43 years$5,533$3,348$1,947$1,098$606$89
44 years$5,347$3,191$1,828$1,014$550$77
45 years$5,169$3,043$1,716$936$499$66
46 years$4,999$2,903$1,612$865$453$57
47 years$4,838$2,770$1,514$799$412$49
48 years$4,683$2,645$1,423$738$374$42
49 years$4,535$2,525$1,337$682$339$36
50 years$4,394$2,412$1,257$631$308$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,500,000, adding $6,736 every year, while hoping to spend $44,895 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: 66/26/8 Blend
69$4,500,000$4,500,000$4,500,000$4,500,000
70$4,965,948$4,727,448$4,657,698$5,285,721
71$5,424,707$4,911,325$4,765,963$5,683,015
72$5,928,754$5,102,708$4,876,350$6,111,068
73$6,482,663$5,301,915$4,988,883$6,577,701
74$7,091,469$5,509,284$5,103,585$7,086,671
75$7,760,721$5,725,161$5,220,478$7,642,112
76$8,496,534$5,949,914$5,339,584$8,248,571
77$9,305,643$6,183,922$5,460,922$8,911,053
78$10,195,469$6,427,584$5,584,513$9,635,066
79$11,174,187$6,681,316$5,710,375$10,426,671
80$12,250,806$6,945,553$5,838,524$11,292,540
81$13,435,251$7,220,748$5,968,978$12,240,018
82$14,738,458$7,507,375$6,101,749$13,277,189
83$16,172,475$7,805,931$6,236,853$14,412,952
84$17,750,579$8,116,933$6,374,299$15,657,106
85$19,487,398$8,440,923$6,514,097$17,020,438
86$21,399,049$8,778,465$6,656,256$18,514,827
87$23,503,293$9,130,150$6,800,781$20,153,352
88$25,819,698$9,496,597$6,947,677$21,950,415
89$28,369,827$9,878,450$7,096,944$23,921,874
90$31,177,440$10,276,384$7,248,582$26,085,194
91$34,268,717$10,691,105$7,402,587$28,459,610
92$37,672,506$11,123,349$7,558,954$31,066,304
93$41,420,595$11,573,887$7,717,673$33,928,606
94$45,548,013$12,043,525$7,878,732$37,072,211
95$50,093,356$12,533,104$8,042,116$40,525,421
96$55,099,158$13,043,505$8,207,806$44,319,408
97$60,612,283$13,575,648$8,375,779$48,488,510
98$66,684,378$14,130,496$8,546,009$53,070,548
99$73,372,350$14,709,056$8,718,465$58,107,187
100$80,738,909$15,312,379$8,893,113$63,644,319