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

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 $4,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$371,606$368,296$365,066$361,914$358,836$346,380
2 years$183,963$180,537$177,217$173,997$170,874$158,454
3 years$121,424$117,983$114,671$111,482$108,410$96,415
4 years$90,160$86,730$83,451$80,316$77,319$65,841
5 years$71,407$67,997$64,761$61,691$58,776$47,847
6 years$58,909$55,525$52,337$49,334$46,508$36,135
7 years$49,985$46,630$43,492$40,561$37,823$28,004
8 years$43,296$39,970$36,885$34,025$31,378$22,105
9 years$38,095$34,801$31,769$28,982$26,425$17,687
10 years$33,937$30,676$27,697$24,983$22,515$14,298
11 years$30,538$27,309$24,384$21,742$19,364$11,650
12 years$27,707$24,511$21,640$19,071$16,780$9,552
13 years$25,313$22,151$19,334$16,837$14,633$7,871
14 years$23,263$20,134$17,372$14,946$12,827$6,512
15 years$21,488$18,393$15,684$13,329$11,294$5,405
16 years$19,937$16,875$14,220$11,935$9,982$4,498
17 years$18,569$15,542$12,940$10,723$8,850$3,752
18 years$17,355$14,361$11,812$9,664$7,869$3,135
19 years$16,270$13,310$10,814$8,732$7,014$2,623
20 years$15,294$12,368$9,924$7,909$6,265$2,198
21 years$14,413$11,520$9,128$7,178$5,607$1,843
22 years$13,612$10,754$8,413$6,526$5,026$1,547
23 years$12,883$10,058$7,768$5,943$4,511$1,300
24 years$12,215$9,424$7,184$5,421$4,055$1,092
25 years$11,602$8,844$6,654$4,951$3,649$919
26 years$11,036$8,311$6,171$4,527$3,287$773
27 years$10,514$7,822$5,731$4,143$2,963$650
28 years$10,030$7,371$5,327$3,796$2,674$547
29 years$9,579$6,953$4,957$3,481$2,414$461
30 years$9,160$6,567$4,618$3,195$2,181$388
31 years$8,769$6,208$4,305$2,934$1,972$327
32 years$8,402$5,874$4,017$2,697$1,784$276
33 years$8,059$5,563$3,750$2,480$1,615$232
34 years$7,736$5,272$3,504$2,282$1,462$196
35 years$7,433$5,000$3,276$2,100$1,324$165
36 years$7,147$4,746$3,065$1,934$1,200$139
37 years$6,877$4,508$2,868$1,782$1,087$117
38 years$6,622$4,284$2,686$1,643$986$99
39 years$6,381$4,074$2,517$1,515$894$83
40 years$6,152$3,876$2,359$1,397$811$70
41 years$5,935$3,689$2,212$1,289$736$59
42 years$5,729$3,514$2,075$1,190$667$50
43 years$5,533$3,348$1,947$1,098$606$42
44 years$5,347$3,191$1,828$1,014$550$35
45 years$5,169$3,043$1,716$936$499$30
46 years$4,999$2,903$1,612$865$453$25
47 years$4,838$2,770$1,514$799$412$21
48 years$4,683$2,645$1,423$738$374$18
49 years$4,535$2,525$1,337$682$339$15
50 years$4,394$2,412$1,257$631$308$13

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 $5,984 every year, while hoping to spend $28,877 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: 67/17/16 Blend
69$4,500,000$4,500,000$4,500,000$4,500,000
70$4,965,172$4,726,672$4,656,922$5,278,455
71$5,440,895$4,927,555$4,782,204$5,689,267
72$5,964,174$5,137,312$4,910,716$6,134,361
73$6,539,828$5,356,349$5,042,534$6,620,330
74$7,173,170$5,585,089$5,177,738$7,151,184
75$7,870,050$5,823,976$5,316,409$7,731,337
76$8,636,917$6,073,472$5,458,630$8,365,646
77$9,480,873$6,334,063$5,604,485$9,059,455
78$10,409,748$6,606,258$5,754,061$9,818,650
79$11,432,165$6,890,587$5,907,444$10,649,708
80$12,557,628$7,187,608$6,064,726$11,559,760
81$13,796,609$7,497,904$6,225,998$12,556,658
82$15,160,647$7,822,085$6,391,352$13,649,043
83$16,662,455$8,160,789$6,560,884$14,846,435
84$18,316,043$8,514,685$6,734,691$16,159,311
85$20,136,849$8,884,474$6,912,873$17,599,212
86$22,141,882$9,270,888$7,095,529$19,178,845
87$24,349,888$9,674,696$7,282,763$20,912,203
88$26,781,521$10,096,701$7,474,680$22,814,696
89$29,459,541$10,537,743$7,671,387$24,903,299
90$32,409,028$10,998,706$7,872,992$27,196,702
91$35,657,617$11,480,511$8,079,605$29,715,495
92$39,235,763$11,984,125$8,291,341$32,482,352
93$43,177,023$12,510,560$8,508,314$35,522,253
94$47,518,377$13,060,875$8,730,640$38,862,707
95$52,300,574$13,636,181$8,958,439$42,534,019
96$57,568,518$14,237,639$9,191,832$46,569,572
97$63,371,691$14,866,467$9,430,942$51,006,137
98$69,764,620$15,523,940$9,675,895$55,884,222
99$76,807,391$16,211,393$9,926,817$61,248,452
100$84,566,219$16,930,225$10,183,840$67,147,984