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%15.9%
1 years$388,122$384,664$381,291$377,999$374,785$365,724
2 years$192,139$188,561$185,093$181,730$178,469$169,395
3 years$126,821$123,227$119,767$116,436$113,228$104,425
4 years$94,168$90,585$87,160$83,886$80,755$72,290
5 years$74,581$71,019$67,640$64,432$61,389$53,285
6 years$61,527$57,993$54,663$51,527$48,575$40,841
7 years$52,207$48,702$45,425$42,363$39,504$32,141
8 years$45,220$41,747$38,524$35,538$32,773$25,777
9 years$39,788$36,348$33,181$30,270$27,599$20,966
10 years$35,446$32,039$28,928$26,093$23,516$17,237
11 years$31,895$28,522$25,468$22,709$20,225$14,291
12 years$28,938$25,600$22,602$19,919$17,526$11,928
13 years$26,438$23,135$20,193$17,585$15,283$10,010
14 years$24,297$21,029$18,144$15,610$13,397$8,438
15 years$22,443$19,211$16,381$13,922$11,796$7,138
16 years$20,823$17,625$14,852$12,465$10,425$6,057
17 years$19,394$16,232$13,515$11,200$9,244$5,152
18 years$18,126$14,999$12,337$10,093$8,219$4,392
19 years$16,993$13,901$11,294$9,120$7,326$3,751
20 years$15,974$12,918$10,365$8,260$6,544$3,208
21 years$15,053$12,032$9,534$7,497$5,856$2,747
22 years$14,217$11,232$8,787$6,816$5,249$2,355
23 years$13,455$10,505$8,113$6,208$4,712$2,021
24 years$12,758$9,842$7,503$5,662$4,235$1,735
25 years$12,117$9,237$6,950$5,171$3,811$1,491
26 years$11,527$8,681$6,445$4,728$3,433$1,282
27 years$10,981$8,170$5,985$4,327$3,095$1,103
28 years$10,475$7,698$5,564$3,965$2,793$949
29 years$10,005$7,262$5,178$3,636$2,522$817
30 years$9,567$6,859$4,823$3,337$2,278$704
31 years$9,158$6,484$4,496$3,065$2,060$606
32 years$8,776$6,135$4,195$2,816$1,863$522
33 years$8,417$5,810$3,917$2,590$1,686$450
34 years$8,080$5,506$3,660$2,383$1,527$388
35 years$7,763$5,223$3,422$2,194$1,383$334
36 years$7,465$4,957$3,201$2,020$1,253$288
37 years$7,183$4,708$2,996$1,861$1,136$248
38 years$6,917$4,474$2,806$1,716$1,030$214
39 years$6,664$4,255$2,629$1,582$934$185
40 years$6,426$4,048$2,464$1,459$847$159
41 years$6,199$3,853$2,310$1,346$768$137
42 years$5,984$3,670$2,167$1,242$697$119
43 years$5,779$3,497$2,033$1,147$633$102
44 years$5,584$3,333$1,909$1,059$574$88
45 years$5,399$3,178$1,792$978$521$76
46 years$5,222$3,032$1,683$903$473$66
47 years$5,053$2,893$1,581$835$430$57
48 years$4,891$2,762$1,486$771$390$49
49 years$4,737$2,638$1,397$713$355$42
50 years$4,589$2,520$1,313$659$322$36

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 $5,913 every year, while hoping to spend $25,024 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: 59/24/17 Blend
69$4,700,000$4,700,000$4,700,000$4,700,000
70$5,185,499$4,936,399$4,863,549$5,468,324
71$5,687,795$5,151,657$4,999,853$5,875,588
72$6,240,486$5,376,625$5,139,884$6,316,242
73$6,848,686$5,611,750$5,283,741$6,796,219
74$7,518,031$5,857,504$5,431,525$7,319,319
75$8,254,728$6,114,380$5,583,339$7,889,720
76$9,065,619$6,382,893$5,739,289$8,512,019
77$9,958,241$6,663,584$5,899,484$9,191,273
78$10,940,900$6,957,019$6,064,036$9,933,043
79$12,022,749$7,263,789$6,233,058$10,743,449
80$13,213,871$7,584,517$6,406,667$11,629,225
81$14,525,380$7,919,852$6,584,984$12,597,781
82$15,969,518$8,270,474$6,768,131$13,657,270
83$17,559,779$8,637,097$6,956,233$14,816,667
84$19,311,029$9,020,468$7,149,420$16,085,849
85$21,239,652$9,421,369$7,347,823$17,475,687
86$23,363,699$9,840,619$7,551,578$18,998,150
87$25,703,064$10,279,077$7,760,824$20,666,412
88$28,279,667$10,737,642$7,975,702$22,494,976
89$31,117,662$11,217,255$8,196,357$24,499,809
90$34,243,667$11,718,904$8,422,938$26,698,493
91$37,687,013$12,243,622$8,655,598$29,110,385
92$41,480,020$12,792,491$8,894,492$31,756,800
93$45,658,305$13,366,647$9,139,781$34,661,207
94$50,261,117$13,967,276$9,391,628$37,849,455
95$55,331,703$14,595,625$9,650,200$41,350,004
96$60,917,724$15,252,998$9,915,668$45,194,202
97$67,071,697$15,940,761$10,188,209$49,416,569
98$73,851,498$16,660,345$10,468,002$54,055,126
99$81,320,900$17,413,252$10,755,229$59,151,749
100$89,550,183$18,201,052$11,050,081$64,752,560