Can I retire at age 70 with 4,800,000?

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$396,380$392,849$389,404$386,042$382,759$370,655
2 years$196,227$192,573$189,031$185,597$182,266$170,181
3 years$129,519$125,849$122,316$118,914$115,637$103,951
4 years$96,171$92,512$89,014$85,671$82,473$71,275
5 years$76,168$72,531$69,079$65,803$62,695$52,014
6 years$62,836$59,227$55,826$52,623$49,608$39,455
7 years$53,318$49,738$46,392$43,265$40,345$30,717
8 years$46,182$42,635$39,344$36,294$33,470$24,362
9 years$40,635$37,121$33,887$30,914$28,187$19,588
10 years$36,200$32,721$29,543$26,648$24,016$15,914
11 years$32,574$29,129$26,009$23,192$20,655$13,034
12 years$29,554$26,145$23,083$20,342$17,899$10,744
13 years$27,001$23,627$20,623$17,959$15,608$8,902
14 years$24,814$21,477$18,530$15,942$13,682$7,406
15 years$22,921$19,619$16,730$14,218$12,047$6,182
16 years$21,266$18,000$15,168$12,730$10,647$5,174
17 years$19,807$16,578$13,802$11,438$9,440$4,341
18 years$18,512$15,318$12,600$10,308$8,394$3,649
19 years$17,354$14,197$11,534$9,314$7,482$3,072
20 years$16,314$13,193$10,586$8,436$6,683$2,589
21 years$15,373$12,288$9,737$7,656$5,980$2,185
22 years$14,520$11,471$8,974$6,961$5,361$1,846
23 years$13,742$10,728$8,286$6,340$4,812$1,560
24 years$13,029$10,052$7,663$5,782$4,325$1,320
25 years$12,375$9,433$7,098$5,281$3,892$1,117
26 years$11,772$8,866$6,583$4,828$3,506$946
27 years$11,215$8,344$6,113$4,419$3,161$801
28 years$10,698$7,862$5,682$4,049$2,852$679
29 years$10,218$7,417$5,288$3,713$2,575$575
30 years$9,771$7,005$4,926$3,408$2,327$488
31 years$9,353$6,622$4,592$3,130$2,104$414
32 years$8,962$6,265$4,284$2,876$1,903$351
33 years$8,596$5,933$4,000$2,645$1,722$298
34 years$8,252$5,624$3,738$2,434$1,559$252
35 years$7,928$5,334$3,494$2,240$1,412$214
36 years$7,624$5,063$3,269$2,063$1,280$182
37 years$7,336$4,808$3,060$1,901$1,160$154
38 years$7,064$4,570$2,865$1,752$1,051$131
39 years$6,806$4,345$2,684$1,616$953$111
40 years$6,562$4,134$2,516$1,490$865$94
41 years$6,331$3,935$2,359$1,375$785$80
42 years$6,111$3,748$2,213$1,269$712$68
43 years$5,902$3,571$2,077$1,171$646$58
44 years$5,703$3,404$1,949$1,082$586$49
45 years$5,513$3,246$1,830$999$532$42
46 years$5,333$3,096$1,719$923$483$35
47 years$5,160$2,955$1,615$852$439$30
48 years$4,995$2,821$1,518$788$399$25
49 years$4,837$2,694$1,427$728$362$22
50 years$4,686$2,573$1,341$673$329$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,800,000, adding $2,933 every year, while hoping to spend $53,173 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: 39/50/11 Blend
69$4,800,000$4,800,000$4,800,000$4,800,000
70$5,292,625$5,038,225$4,963,825$5,481,321
71$5,775,898$5,228,523$5,073,538$5,805,356
72$6,306,681$5,426,363$5,185,144$6,150,052
73$6,889,767$5,632,058$5,298,650$6,521,567
74$7,530,431$5,845,937$5,414,062$6,922,340
75$8,234,486$6,068,340$5,531,385$7,355,050
76$9,008,338$6,299,623$5,650,621$7,822,637
77$9,859,042$6,540,157$5,771,770$8,328,327
78$10,794,371$6,790,332$5,894,831$8,875,665
79$11,822,889$7,050,550$6,019,800$9,468,544
80$12,954,033$7,321,236$6,146,672$10,111,240
81$14,198,196$7,602,829$6,275,438$10,808,451
82$15,566,835$7,895,790$6,406,088$11,565,341
83$17,072,567$8,200,599$6,538,607$12,387,583
84$18,729,299$8,517,759$6,672,980$13,281,415
85$20,552,351$8,847,792$6,809,188$14,253,694
86$22,558,602$9,191,245$6,947,208$15,311,960
87$24,766,654$9,548,690$7,087,013$16,464,503
88$27,196,999$9,920,723$7,228,575$17,720,441
89$29,872,221$10,307,966$7,371,860$19,089,801
90$32,817,200$10,711,069$7,516,830$20,583,614
91$36,059,355$11,130,712$7,663,444$22,214,016
92$39,628,895$11,567,603$7,811,656$23,994,358
93$43,559,111$12,022,484$7,961,415$25,939,329
94$47,886,683$12,496,128$8,112,665$28,065,093
95$52,652,030$12,989,344$8,265,345$30,389,441
96$57,899,692$13,502,976$8,419,388$32,931,948
97$63,678,745$14,037,907$8,574,722$35,714,162
98$70,043,270$14,595,057$8,731,268$38,759,802
99$77,052,859$15,175,390$8,888,941$42,094,973
100$84,773,179$15,779,913$9,047,650$45,748,416