Can I retire at age 70 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$388,122$384,664$381,291$377,999$374,785$367,067
2 years$192,139$188,561$185,093$181,730$178,469$170,729
3 years$126,821$123,227$119,767$116,436$113,228$105,707
4 years$94,168$90,585$87,160$83,886$80,755$73,511
5 years$74,581$71,019$67,640$64,432$61,389$54,442
6 years$61,527$57,993$54,663$51,527$48,575$41,933
7 years$52,207$48,702$45,425$42,363$39,504$33,168
8 years$45,220$41,747$38,524$35,538$32,773$26,741
9 years$39,788$36,348$33,181$30,270$27,599$21,868
10 years$35,446$32,039$28,928$26,093$23,516$18,079
11 years$31,895$28,522$25,468$22,709$20,225$15,075
12 years$28,938$25,600$22,602$19,919$17,526$12,657
13 years$26,438$23,135$20,193$17,585$15,283$10,685
14 years$24,297$21,029$18,144$15,610$13,397$9,062
15 years$22,443$19,211$16,381$13,922$11,796$7,715
16 years$20,823$17,625$14,852$12,465$10,425$6,588
17 years$19,394$16,232$13,515$11,200$9,244$5,641
18 years$18,126$14,999$12,337$10,093$8,219$4,840
19 years$16,993$13,901$11,294$9,120$7,326$4,161
20 years$15,974$12,918$10,365$8,260$6,544$3,583
21 years$15,053$12,032$9,534$7,497$5,856$3,090
22 years$14,217$11,232$8,787$6,816$5,249$2,667
23 years$13,455$10,505$8,113$6,208$4,712$2,305
24 years$12,758$9,842$7,503$5,662$4,235$1,993
25 years$12,117$9,237$6,950$5,171$3,811$1,725
26 years$11,527$8,681$6,445$4,728$3,433$1,494
27 years$10,981$8,170$5,985$4,327$3,095$1,294
28 years$10,475$7,698$5,564$3,965$2,793$1,122
29 years$10,005$7,262$5,178$3,636$2,522$973
30 years$9,567$6,859$4,823$3,337$2,278$844
31 years$9,158$6,484$4,496$3,065$2,060$733
32 years$8,776$6,135$4,195$2,816$1,863$636
33 years$8,417$5,810$3,917$2,590$1,686$552
34 years$8,080$5,506$3,660$2,383$1,527$480
35 years$7,763$5,223$3,422$2,194$1,383$417
36 years$7,465$4,957$3,201$2,020$1,253$362
37 years$7,183$4,708$2,996$1,861$1,136$314
38 years$6,917$4,474$2,806$1,716$1,030$273
39 years$6,664$4,255$2,629$1,582$934$237
40 years$6,426$4,048$2,464$1,459$847$206
41 years$6,199$3,853$2,310$1,346$768$179
42 years$5,984$3,670$2,167$1,242$697$156
43 years$5,779$3,497$2,033$1,147$633$135
44 years$5,584$3,333$1,909$1,059$574$118
45 years$5,399$3,178$1,792$978$521$102
46 years$5,222$3,032$1,683$903$473$89
47 years$5,053$2,893$1,581$835$430$77
48 years$4,891$2,762$1,486$771$390$67
49 years$4,737$2,638$1,397$713$355$58
50 years$4,589$2,520$1,313$659$322$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,700,000, adding $6,129 every year, while hoping to spend $47,467 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: 64/9/27 Blend
69$4,700,000$4,700,000$4,700,000$4,700,000
70$5,185,722$4,936,622$4,863,772$5,480,166
71$5,664,161$5,128,012$4,976,204$5,871,517
72$6,189,810$5,327,189$5,090,811$6,293,156
73$6,767,434$5,534,485$5,207,617$6,752,837
74$7,402,284$5,750,246$5,326,643$7,254,301
75$8,100,141$5,974,833$5,447,911$7,801,666
76$8,867,380$6,208,623$5,571,439$8,399,467
77$9,711,019$6,452,012$5,697,249$9,052,700
78$10,638,792$6,705,410$5,825,356$9,766,862
79$11,659,222$6,969,249$5,955,779$10,548,010
80$12,781,697$7,243,976$6,088,532$11,402,810
81$14,016,562$7,530,062$6,223,629$12,338,609
82$15,375,213$7,827,997$6,361,082$13,363,493
83$16,870,209$8,138,293$6,500,903$14,486,371
84$18,515,386$8,461,485$6,643,099$15,717,055
85$20,325,990$8,798,133$6,787,678$17,066,352
86$22,318,820$9,148,821$6,934,644$18,546,167
87$24,512,386$9,514,159$7,084,001$20,169,614
88$26,927,082$9,894,785$7,235,747$21,951,135
89$29,585,382$10,291,367$7,389,882$23,906,645
90$32,512,048$10,704,602$7,546,401$26,053,672
91$35,734,366$11,135,216$7,705,294$28,411,527
92$39,282,403$11,583,973$7,866,553$31,001,485
93$43,189,287$12,051,668$8,030,162$33,846,982
94$47,491,527$12,539,132$8,196,105$36,973,841
95$52,229,349$13,047,235$8,364,360$40,410,508
96$57,447,079$13,576,886$8,534,903$44,188,326
97$63,193,563$14,129,036$8,707,705$48,341,826
98$69,522,626$14,704,678$8,882,732$52,909,055
99$76,493,577$15,304,851$9,059,947$57,931,930
100$84,171,775$15,930,641$9,239,308$63,456,639