Can I retire at age 70 with 4,600,000?

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$379,864$376,480$373,179$369,957$366,810$364,652
2 years$188,051$184,549$181,155$177,864$174,672$172,494
3 years$124,122$120,605$117,219$113,959$110,819$108,689
4 years$92,164$88,657$85,306$82,101$79,037$76,972
5 years$72,994$69,508$66,201$63,062$60,083$58,088
6 years$60,218$56,759$53,500$50,431$47,541$45,620
7 years$51,096$47,666$44,459$41,462$38,664$36,817
8 years$44,258$40,859$37,704$34,781$32,075$30,303
9 years$38,942$35,575$32,475$29,626$27,012$25,314
10 years$34,692$31,357$28,312$25,538$23,016$21,390
11 years$31,216$27,916$24,926$22,226$19,794$18,241
12 years$28,322$25,056$22,121$19,495$17,153$15,671
13 years$25,876$22,643$19,764$17,211$14,958$13,544
14 years$23,780$20,582$17,758$15,278$13,112$11,766
15 years$21,966$18,802$16,033$13,625$11,545$10,265
16 years$20,380$17,250$14,536$12,200$10,203$8,987
17 years$18,982$15,887$13,227$10,962$9,047$7,893
18 years$17,740$14,680$12,075$9,879$8,044$6,950
19 years$16,631$13,605$11,054$8,926$7,170$6,134
20 years$15,634$12,643$10,145$8,084$6,404$5,424
21 years$14,733$11,776$9,331$7,337$5,731$4,805
22 years$13,915$10,993$8,600$6,671$5,137$4,263
23 years$13,169$10,281$7,941$6,075$4,611$3,787
24 years$12,487$9,633$7,344$5,541$4,145$3,368
25 years$11,860$9,040$6,802$5,061$3,730$2,998
26 years$11,282$8,496$6,308$4,627$3,360$2,672
27 years$10,748$7,996$5,858$4,235$3,029$2,383
28 years$10,252$7,534$5,446$3,880$2,733$2,126
29 years$9,792$7,108$5,068$3,558$2,468$1,899
30 years$9,364$6,713$4,720$3,266$2,230$1,697
31 years$8,963$6,346$4,401$2,999$2,016$1,517
32 years$8,589$6,004$4,106$2,756$1,824$1,356
33 years$8,238$5,686$3,834$2,535$1,650$1,214
34 years$7,908$5,389$3,582$2,332$1,494$1,086
35 years$7,598$5,112$3,349$2,147$1,353$972
36 years$7,306$4,852$3,133$1,977$1,226$871
37 years$7,030$4,608$2,932$1,822$1,111$780
38 years$6,769$4,379$2,746$1,679$1,008$699
39 years$6,523$4,164$2,573$1,548$914$626
40 years$6,289$3,962$2,411$1,428$829$561
41 years$6,067$3,771$2,261$1,318$752$503
42 years$5,856$3,592$2,121$1,216$682$451
43 years$5,656$3,422$1,990$1,122$619$405
44 years$5,465$3,262$1,868$1,036$562$363
45 years$5,284$3,111$1,754$957$510$325
46 years$5,110$2,967$1,648$884$463$292
47 years$4,945$2,832$1,548$817$421$262
48 years$4,787$2,703$1,455$755$382$235
49 years$4,636$2,582$1,367$698$347$211
50 years$4,491$2,466$1,285$645$315$189

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,600,000, adding $5,760 every year, while hoping to spend $32,475 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: 66/12/22 Blend
69$4,600,000$4,600,000$4,600,000$4,600,000
70$5,075,141$4,831,341$4,760,041$5,381,233
71$5,558,253$5,033,524$4,884,950$5,789,723
72$6,089,553$5,244,525$5,012,954$6,231,901
73$6,673,923$5,464,743$5,144,124$6,714,561
74$7,316,741$5,694,593$5,278,529$7,241,682
75$8,023,931$5,934,511$5,416,243$7,817,645
76$8,802,023$6,184,953$5,557,338$8,447,272
77$9,658,210$6,446,395$5,701,889$9,135,873
78$10,600,416$6,719,337$5,849,971$9,889,292
79$11,637,375$7,004,302$6,001,662$10,713,963
80$12,778,709$7,301,834$6,157,039$11,616,972
81$14,035,020$7,612,507$6,316,183$12,606,120
82$15,417,990$7,936,918$6,479,173$13,689,997
83$16,940,493$8,275,695$6,646,093$14,878,065
84$18,616,712$8,629,492$6,817,026$16,180,741
85$20,462,276$8,998,997$6,992,056$17,609,498
86$22,494,407$9,384,927$7,171,269$19,176,971
87$24,732,083$9,788,034$7,354,752$20,897,079
88$27,196,214$10,209,106$7,542,595$22,785,149
89$29,909,842$10,648,967$7,734,886$24,858,065
90$32,898,358$11,108,479$7,931,717$27,134,422
91$36,189,741$11,588,544$8,133,180$29,634,706
92$39,814,821$12,090,109$8,339,368$32,381,480
93$43,807,571$12,614,163$8,550,375$35,399,600
94$48,205,429$13,161,742$8,766,298$38,716,447
95$53,049,646$13,733,932$8,987,233$42,362,184
96$58,385,683$14,331,867$9,213,278$46,370,038
97$64,263,632$14,956,738$9,444,532$50,776,618
98$70,738,694$15,609,790$9,681,096$55,622,250
99$77,871,698$16,292,327$9,923,070$60,951,364
100$85,729,675$17,005,714$10,170,556$66,812,909