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

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 $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$396,380$392,849$389,404$386,042$382,759$375,184
2 years$196,227$192,573$189,031$185,597$182,266$174,667
3 years$129,519$125,849$122,316$118,914$115,637$108,250
4 years$96,171$92,512$89,014$85,671$82,473$75,355
5 years$76,168$72,531$69,079$65,803$62,695$55,866
6 years$62,836$59,227$55,826$52,623$49,608$43,077
7 years$53,318$49,738$46,392$43,265$40,345$34,112
8 years$46,182$42,635$39,344$36,294$33,470$27,533
9 years$40,635$37,121$33,887$30,914$28,187$22,543
10 years$36,200$32,721$29,543$26,648$24,016$18,660
11 years$32,574$29,129$26,009$23,192$20,655$15,579
12 years$29,554$26,145$23,083$20,342$17,899$13,097
13 years$27,001$23,627$20,623$17,959$15,608$11,072
14 years$24,814$21,477$18,530$15,942$13,682$9,403
15 years$22,921$19,619$16,730$14,218$12,047$8,016
16 years$21,266$18,000$15,168$12,730$10,647$6,855
17 years$19,807$16,578$13,802$11,438$9,440$5,877
18 years$18,512$15,318$12,600$10,308$8,394$5,051
19 years$17,354$14,197$11,534$9,314$7,482$4,349
20 years$16,314$13,193$10,586$8,436$6,683$3,750
21 years$15,373$12,288$9,737$7,656$5,980$3,239
22 years$14,520$11,471$8,974$6,961$5,361$2,800
23 years$13,742$10,728$8,286$6,340$4,812$2,423
24 years$13,029$10,052$7,663$5,782$4,325$2,099
25 years$12,375$9,433$7,098$5,281$3,892$1,820
26 years$11,772$8,866$6,583$4,828$3,506$1,578
27 years$11,215$8,344$6,113$4,419$3,161$1,370
28 years$10,698$7,862$5,682$4,049$2,852$1,189
29 years$10,218$7,417$5,288$3,713$2,575$1,033
30 years$9,771$7,005$4,926$3,408$2,327$898
31 years$9,353$6,622$4,592$3,130$2,104$780
32 years$8,962$6,265$4,284$2,876$1,903$679
33 years$8,596$5,933$4,000$2,645$1,722$590
34 years$8,252$5,624$3,738$2,434$1,559$513
35 years$7,928$5,334$3,494$2,240$1,412$447
36 years$7,624$5,063$3,269$2,063$1,280$389
37 years$7,336$4,808$3,060$1,901$1,160$338
38 years$7,064$4,570$2,865$1,752$1,051$294
39 years$6,806$4,345$2,684$1,616$953$256
40 years$6,562$4,134$2,516$1,490$865$223
41 years$6,331$3,935$2,359$1,375$785$194
42 years$6,111$3,748$2,213$1,269$712$169
43 years$5,902$3,571$2,077$1,171$646$147
44 years$5,703$3,404$1,949$1,082$586$128
45 years$5,513$3,246$1,830$999$532$112
46 years$5,333$3,096$1,719$923$483$97
47 years$5,160$2,955$1,615$852$439$85
48 years$4,995$2,821$1,518$788$399$74
49 years$4,837$2,694$1,427$728$362$64
50 years$4,686$2,573$1,341$673$329$56

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 $4,860 every year, while hoping to spend $43,160 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: 47/47/6 Blend
69$4,800,000$4,800,000$4,800,000$4,800,000
70$5,294,613$5,040,213$4,965,813$5,534,832
71$5,788,742$5,241,262$5,086,246$5,901,070
72$6,331,825$5,450,715$5,209,267$6,293,355
73$6,928,811$5,668,939$5,334,917$6,718,049
74$7,585,150$5,896,318$5,463,237$7,178,167
75$8,306,848$6,133,250$5,594,268$7,677,020
76$9,100,521$6,380,155$5,728,051$8,218,242
77$9,973,460$6,637,468$5,864,627$8,805,827
78$10,933,697$6,905,648$6,004,035$9,444,165
79$11,990,080$7,185,171$6,146,317$10,138,075
80$13,152,361$7,476,536$6,291,511$10,892,858
81$14,431,282$7,780,267$6,439,656$11,714,336
82$15,838,680$8,096,908$6,590,793$12,608,913
83$17,387,598$8,427,029$6,744,957$13,583,628
84$19,092,408$8,771,228$6,902,187$14,646,220
85$20,968,942$9,130,127$7,062,520$15,805,201
86$23,034,651$9,504,380$7,225,991$17,069,931
87$25,308,758$9,894,667$7,392,634$18,450,708
88$27,812,448$10,301,703$7,562,484$19,958,856
89$30,569,064$10,726,232$7,735,574$21,606,835
90$33,604,327$11,169,036$7,911,933$23,408,355
91$36,946,579$11,630,929$8,091,594$25,378,499
92$40,627,050$12,112,765$8,274,583$27,533,866
93$44,680,156$12,615,437$8,460,927$29,892,721
94$49,143,816$13,139,877$8,650,653$32,475,168
95$54,059,817$13,687,064$8,843,782$35,303,333
96$59,474,206$14,258,017$9,040,336$38,401,569
97$65,437,721$14,853,806$9,240,333$41,796,685
98$72,006,275$15,475,549$9,443,791$45,518,192
99$79,241,480$16,124,416$9,650,723$49,598,580
100$87,211,228$16,801,629$9,861,139$54,073,618