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%12.6%
1 years$371,606$368,296$365,066$361,914$358,836$354,941
2 years$183,963$180,537$177,217$173,997$170,874$166,953
3 years$121,424$117,983$114,671$111,482$108,410$104,583
4 years$90,160$86,730$83,451$80,316$77,319$73,616
5 years$71,407$67,997$64,761$61,691$58,776$55,209
6 years$58,909$55,525$52,337$49,334$46,508$43,080
7 years$49,985$46,630$43,492$40,561$37,823$34,537
8 years$43,296$39,970$36,885$34,025$31,378$28,232
9 years$38,095$34,801$31,769$28,982$26,425$23,419
10 years$33,937$30,676$27,697$24,983$22,515$19,647
11 years$30,538$27,309$24,384$21,742$19,364$16,631
12 years$27,707$24,511$21,640$19,071$16,780$14,180
13 years$25,313$22,151$19,334$16,837$14,633$12,162
14 years$23,263$20,134$17,372$14,946$12,827$10,482
15 years$21,488$18,393$15,684$13,329$11,294$9,071
16 years$19,937$16,875$14,220$11,935$9,982$7,877
17 years$18,569$15,542$12,940$10,723$8,850$6,860
18 years$17,355$14,361$11,812$9,664$7,869$5,990
19 years$16,270$13,310$10,814$8,732$7,014$5,241
20 years$15,294$12,368$9,924$7,909$6,265$4,594
21 years$14,413$11,520$9,128$7,178$5,607$4,034
22 years$13,612$10,754$8,413$6,526$5,026$3,547
23 years$12,883$10,058$7,768$5,943$4,511$3,122
24 years$12,215$9,424$7,184$5,421$4,055$2,751
25 years$11,602$8,844$6,654$4,951$3,649$2,427
26 years$11,036$8,311$6,171$4,527$3,287$2,142
27 years$10,514$7,822$5,731$4,143$2,963$1,892
28 years$10,030$7,371$5,327$3,796$2,674$1,673
29 years$9,579$6,953$4,957$3,481$2,414$1,479
30 years$9,160$6,567$4,618$3,195$2,181$1,309
31 years$8,769$6,208$4,305$2,934$1,972$1,159
32 years$8,402$5,874$4,017$2,697$1,784$1,026
33 years$8,059$5,563$3,750$2,480$1,615$909
34 years$7,736$5,272$3,504$2,282$1,462$805
35 years$7,433$5,000$3,276$2,100$1,324$714
36 years$7,147$4,746$3,065$1,934$1,200$633
37 years$6,877$4,508$2,868$1,782$1,087$561
38 years$6,622$4,284$2,686$1,643$986$498
39 years$6,381$4,074$2,517$1,515$894$441
40 years$6,152$3,876$2,359$1,397$811$392
41 years$5,935$3,689$2,212$1,289$736$347
42 years$5,729$3,514$2,075$1,190$667$308
43 years$5,533$3,348$1,947$1,098$606$274
44 years$5,347$3,191$1,828$1,014$550$243
45 years$5,169$3,043$1,716$936$499$215
46 years$4,999$2,903$1,612$865$453$191
47 years$4,838$2,770$1,514$799$412$170
48 years$4,683$2,645$1,423$738$374$151
49 years$4,535$2,525$1,337$682$339$134
50 years$4,394$2,412$1,257$631$308$119

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 $4,747 every year, while hoping to spend $33,915 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: 49/28/23 Blend
69$4,500,000$4,500,000$4,500,000$4,500,000
70$4,963,897$4,725,397$4,655,647$5,174,669
71$5,434,129$4,920,856$4,775,525$5,517,417
72$5,951,188$5,124,756$4,898,284$5,885,770
73$6,519,815$5,337,474$5,023,982$6,285,259
74$7,145,232$5,559,406$5,152,681$6,718,837
75$7,833,194$5,790,966$5,284,444$7,189,746
76$8,590,041$6,032,585$5,419,335$7,701,553
77$9,422,760$6,284,716$5,557,417$8,258,178
78$10,339,047$6,547,832$5,698,756$8,863,932
79$11,347,383$6,822,429$5,843,417$9,523,555
80$12,457,112$7,109,024$5,991,468$10,242,262
81$13,678,531$7,408,160$6,142,975$11,025,787
82$15,022,984$7,720,403$6,298,009$11,880,440
83$16,502,973$8,046,348$6,456,637$12,813,162
84$18,132,272$8,386,614$6,618,929$13,831,589
85$19,926,058$8,741,853$6,784,958$14,944,126
86$21,901,055$9,112,743$6,954,793$16,160,019
87$24,075,693$9,499,997$7,128,509$17,489,446
88$26,470,276$9,904,359$7,306,176$18,943,608
89$29,107,181$10,326,610$7,487,870$20,534,834
90$32,011,063$10,767,564$7,673,664$22,276,696
91$35,209,093$11,228,076$7,863,633$24,184,132
92$38,731,208$11,709,039$8,057,852$26,273,591
93$42,610,399$12,211,389$8,256,397$28,563,177
94$46,883,018$12,736,106$8,459,345$31,072,828
95$51,589,125$13,284,214$8,666,772$33,824,494
96$56,772,861$13,856,786$8,878,755$36,842,344
97$62,482,871$14,454,947$9,095,371$40,152,994
98$68,772,756$15,079,871$9,316,698$43,785,751
99$75,701,583$15,732,791$9,542,813$47,772,891
100$83,334,441$16,414,994$9,773,794$52,149,957