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%16.7%
1 years$396,380$392,849$389,404$386,042$382,759$372,298
2 years$196,227$192,573$189,031$185,597$182,266$171,803
3 years$129,519$125,849$122,316$118,914$115,637$105,500
4 years$96,171$92,512$89,014$85,671$82,473$72,740
5 years$76,168$72,531$69,079$65,803$62,695$53,392
6 years$62,836$59,227$55,826$52,623$49,608$40,744
7 years$53,318$49,738$46,392$43,265$40,345$31,920
8 years$46,182$42,635$39,344$36,294$33,470$25,480
9 years$40,635$37,121$33,887$30,914$28,187$20,625
10 years$36,200$32,721$29,543$26,648$24,016$16,872
11 years$32,574$29,129$26,009$23,192$20,655$13,917
12 years$29,554$26,145$23,083$20,342$17,899$11,556
13 years$27,001$23,627$20,623$17,959$15,608$9,645
14 years$24,814$21,477$18,530$15,942$13,682$8,086
15 years$22,921$19,619$16,730$14,218$12,047$6,802
16 years$21,266$18,000$15,168$12,730$10,647$5,739
17 years$19,807$16,578$13,802$11,438$9,440$4,853
18 years$18,512$15,318$12,600$10,308$8,394$4,113
19 years$17,354$14,197$11,534$9,314$7,482$3,491
20 years$16,314$13,193$10,586$8,436$6,683$2,968
21 years$15,373$12,288$9,737$7,656$5,980$2,526
22 years$14,520$11,471$8,974$6,961$5,361$2,152
23 years$13,742$10,728$8,286$6,340$4,812$1,835
24 years$13,029$10,052$7,663$5,782$4,325$1,566
25 years$12,375$9,433$7,098$5,281$3,892$1,337
26 years$11,772$8,866$6,583$4,828$3,506$1,142
27 years$11,215$8,344$6,113$4,419$3,161$976
28 years$10,698$7,862$5,682$4,049$2,852$834
29 years$10,218$7,417$5,288$3,713$2,575$714
30 years$9,771$7,005$4,926$3,408$2,327$611
31 years$9,353$6,622$4,592$3,130$2,104$522
32 years$8,962$6,265$4,284$2,876$1,903$447
33 years$8,596$5,933$4,000$2,645$1,722$383
34 years$8,252$5,624$3,738$2,434$1,559$328
35 years$7,928$5,334$3,494$2,240$1,412$281
36 years$7,624$5,063$3,269$2,063$1,280$240
37 years$7,336$4,808$3,060$1,901$1,160$206
38 years$7,064$4,570$2,865$1,752$1,051$176
39 years$6,806$4,345$2,684$1,616$953$151
40 years$6,562$4,134$2,516$1,490$865$129
41 years$6,331$3,935$2,359$1,375$785$111
42 years$6,111$3,748$2,213$1,269$712$95
43 years$5,902$3,571$2,077$1,171$646$81
44 years$5,703$3,404$1,949$1,082$586$70
45 years$5,513$3,246$1,830$999$532$60
46 years$5,333$3,096$1,719$923$483$51
47 years$5,160$2,955$1,615$852$439$44
48 years$4,995$2,821$1,518$788$399$38
49 years$4,837$2,694$1,427$728$362$32
50 years$4,686$2,573$1,341$673$329$28

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 $5,168 every year, while hoping to spend $42,085 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: 38/39/23 Blend
69$4,800,000$4,800,000$4,800,000$4,800,000
70$5,294,931$5,040,531$4,966,131$5,459,561
71$5,790,236$5,242,739$5,087,718$5,781,888
72$6,334,651$5,453,444$5,211,968$6,125,697
73$6,933,142$5,673,019$5,338,925$6,496,425
74$7,591,178$5,901,853$5,468,635$6,896,533
75$8,314,786$6,140,351$5,601,142$7,328,722
76$9,110,605$6,388,940$5,736,491$7,795,957
77$9,985,950$6,648,061$5,874,727$8,301,494
78$10,948,882$6,918,181$6,015,895$8,848,907
79$12,008,280$7,199,784$6,160,040$9,442,126
80$13,173,929$7,493,378$6,307,206$10,085,466
81$14,456,609$7,799,493$6,457,437$10,783,669
82$15,868,200$8,118,685$6,610,777$11,541,948
83$17,421,789$8,451,533$6,767,271$12,366,029
84$19,131,797$8,798,644$6,926,960$13,262,212
85$21,014,116$9,160,652$7,089,889$14,237,420
86$23,086,253$9,538,222$7,256,097$15,299,268
87$25,367,502$9,932,046$7,425,628$16,456,127
88$27,879,122$10,342,851$7,598,522$17,717,207
89$30,644,538$10,771,396$7,774,817$19,092,637
90$33,689,561$11,218,475$7,954,553$20,593,561
91$37,042,633$11,684,917$8,137,768$22,232,238
92$40,735,096$12,171,593$8,324,498$24,022,156
93$44,801,485$12,679,410$8,514,778$25,978,158
94$49,279,855$13,209,319$8,708,641$28,116,577
95$54,212,140$13,762,316$8,906,121$30,455,388
96$59,644,550$14,339,440$9,107,247$33,014,374
97$65,628,002$14,941,781$9,312,048$35,815,311
98$72,218,607$15,570,477$9,520,550$38,882,168
99$79,478,195$16,226,721$9,732,779$42,241,330
100$87,474,900$16,911,759$9,948,756$45,921,846