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

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 $4,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$379,864$376,480$373,179$369,957$366,810$363,889
2 years$188,051$184,549$181,155$177,864$174,672$171,727
3 years$124,122$120,605$117,219$113,959$110,819$107,942
4 years$92,164$88,657$85,306$82,101$79,037$76,250
5 years$72,994$69,508$66,201$63,062$60,083$57,394
6 years$60,218$56,759$53,500$50,431$47,541$44,954
7 years$51,096$47,666$44,459$41,462$38,664$36,179
8 years$44,258$40,859$37,704$34,781$32,075$29,693
9 years$38,942$35,575$32,475$29,626$27,012$24,732
10 years$34,692$31,357$28,312$25,538$23,016$20,836
11 years$31,216$27,916$24,926$22,226$19,794$17,714
12 years$28,322$25,056$22,121$19,495$17,153$15,170
13 years$25,876$22,643$19,764$17,211$14,958$13,070
14 years$23,780$20,582$17,758$15,278$13,112$11,317
15 years$21,966$18,802$16,033$13,625$11,545$9,840
16 years$20,380$17,250$14,536$12,200$10,203$8,586
17 years$18,982$15,887$13,227$10,962$9,047$7,514
18 years$17,740$14,680$12,075$9,879$8,044$6,594
19 years$16,631$13,605$11,054$8,926$7,170$5,799
20 years$15,634$12,643$10,145$8,084$6,404$5,109
21 years$14,733$11,776$9,331$7,337$5,731$4,509
22 years$13,915$10,993$8,600$6,671$5,137$3,986
23 years$13,169$10,281$7,941$6,075$4,611$3,527
24 years$12,487$9,633$7,344$5,541$4,145$3,125
25 years$11,860$9,040$6,802$5,061$3,730$2,771
26 years$11,282$8,496$6,308$4,627$3,360$2,460
27 years$10,748$7,996$5,858$4,235$3,029$2,185
28 years$10,252$7,534$5,446$3,880$2,733$1,942
29 years$9,792$7,108$5,068$3,558$2,468$1,728
30 years$9,364$6,713$4,720$3,266$2,230$1,537
31 years$8,963$6,346$4,401$2,999$2,016$1,369
32 years$8,589$6,004$4,106$2,756$1,824$1,219
33 years$8,238$5,686$3,834$2,535$1,650$1,086
34 years$7,908$5,389$3,582$2,332$1,494$968
35 years$7,598$5,112$3,349$2,147$1,353$863
36 years$7,306$4,852$3,133$1,977$1,226$770
37 years$7,030$4,608$2,932$1,822$1,111$686
38 years$6,769$4,379$2,746$1,679$1,008$612
39 years$6,523$4,164$2,573$1,548$914$546
40 years$6,289$3,962$2,411$1,428$829$488
41 years$6,067$3,771$2,261$1,318$752$435
42 years$5,856$3,592$2,121$1,216$682$389
43 years$5,656$3,422$1,990$1,122$619$347
44 years$5,465$3,262$1,868$1,036$562$310
45 years$5,284$3,111$1,754$957$510$277
46 years$5,110$2,967$1,648$884$463$247
47 years$4,945$2,832$1,548$817$421$221
48 years$4,787$2,703$1,455$755$382$197
49 years$4,636$2,582$1,367$698$347$176
50 years$4,491$2,466$1,285$645$315$157

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 $6,344 every year, while hoping to spend $34,622 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: 75/8/17 Blend
69$4,600,000$4,600,000$4,600,000$4,600,000
70$5,075,744$4,831,944$4,760,644$5,436,457
71$5,556,632$5,031,872$4,883,288$5,875,973
72$6,085,411$5,240,435$5,008,880$6,352,677
73$6,666,928$5,458,022$5,137,483$6,874,258
74$7,306,525$5,685,035$5,269,159$7,445,177
75$8,010,087$5,921,899$5,403,973$8,070,345
76$8,784,100$6,169,055$5,541,989$8,755,170
77$9,635,706$6,426,967$5,683,274$9,505,606
78$10,572,779$6,696,120$5,827,894$10,328,213
79$11,603,991$6,977,018$5,975,918$11,230,214
80$12,738,900$7,270,194$6,127,413$12,219,565
81$13,988,035$7,576,201$6,282,449$13,305,027
82$15,363,000$7,895,620$6,441,096$14,496,251
83$16,876,580$8,229,059$6,603,426$15,803,867
84$18,542,860$8,577,152$6,769,510$17,239,585
85$20,377,365$8,940,566$6,939,422$18,816,304
86$22,397,198$9,319,995$7,113,234$20,548,229
87$24,621,206$9,716,169$7,291,022$22,451,015
88$27,070,158$10,129,850$7,472,859$24,541,901
89$29,766,936$10,561,834$7,658,822$26,839,882
90$32,736,757$11,012,958$7,848,987$29,365,884
91$36,007,409$11,484,096$8,043,430$32,142,958
92$39,609,510$11,976,161$8,242,230$35,196,502
93$43,576,799$12,490,112$8,445,464$38,554,496
94$47,946,455$13,026,951$8,653,210$42,247,767
95$52,759,449$13,587,727$8,865,548$46,310,277
96$58,060,926$14,173,538$9,082,556$50,779,446
97$63,900,633$14,785,535$9,304,315$55,696,502
98$70,333,392$15,424,920$9,530,904$61,106,869
99$77,419,611$16,092,954$9,762,402$67,060,594
100$85,225,859$16,790,957$9,998,891$73,612,823