Can I retire at age 70 with 4,900,000?

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 $4,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$404,637$401,033$397,517$394,084$390,733$385,371
2 years$200,316$196,585$192,969$189,464$186,063$180,671
3 years$132,217$128,470$124,864$121,391$118,046$112,791
4 years$98,175$94,439$90,869$87,456$84,192$79,114
5 years$77,754$74,042$70,518$67,174$64,001$59,115
6 years$64,145$60,461$56,989$53,720$50,642$45,954
7 years$54,429$50,775$47,358$44,166$41,185$36,697
8 years$47,144$43,523$40,163$37,050$34,167$29,878
9 years$41,482$37,895$34,593$31,558$28,774$24,682
10 years$36,954$33,402$30,159$27,203$24,517$20,619
11 years$33,252$29,736$26,551$23,675$21,085$17,378
12 years$30,170$26,690$23,564$20,766$18,272$14,751
13 years$27,563$24,120$21,053$18,334$15,934$12,594
14 years$25,331$21,924$18,916$16,274$13,967$10,804
15 years$23,398$20,028$17,078$14,514$12,298$9,305
16 years$21,709$18,375$15,484$12,996$10,869$8,042
17 years$20,220$16,923$14,090$11,676$9,637$6,969
18 years$18,897$15,638$12,862$10,523$8,569$6,055
19 years$17,716$14,493$11,775$9,508$7,638$5,271
20 years$16,654$13,467$10,806$8,612$6,822$4,597
21 years$15,694$12,544$9,940$7,816$6,105$4,015
22 years$14,822$11,710$9,161$7,106$5,472$3,511
23 years$14,028$10,952$8,459$6,472$4,912$3,074
24 years$13,301$10,261$7,823$5,903$4,415$2,694
25 years$12,633$9,630$7,245$5,391$3,973$2,364
26 years$12,017$9,050$6,720$4,929$3,579$2,075
27 years$11,448$8,517$6,240$4,512$3,227$1,823
28 years$10,921$8,026$5,801$4,134$2,911$1,602
29 years$10,431$7,571$5,398$3,791$2,629$1,409
30 years$9,974$7,150$5,028$3,479$2,375$1,239
31 years$9,548$6,760$4,688$3,195$2,148$1,091
32 years$9,149$6,396$4,374$2,936$1,943$960
33 years$8,775$6,057$4,084$2,700$1,758$846
34 years$8,424$5,741$3,816$2,484$1,592$745
35 years$8,094$5,445$3,567$2,287$1,442$656
36 years$7,782$5,168$3,337$2,106$1,306$579
37 years$7,489$4,908$3,123$1,941$1,184$510
38 years$7,211$4,665$2,925$1,789$1,073$450
39 years$6,948$4,436$2,740$1,649$973$396
40 years$6,699$4,220$2,569$1,521$883$350
41 years$6,463$4,017$2,408$1,404$801$308
42 years$6,238$3,826$2,259$1,295$727$272
43 years$6,025$3,645$2,120$1,196$660$240
44 years$5,822$3,475$1,990$1,104$599$212
45 years$5,628$3,314$1,869$1,020$544$187
46 years$5,444$3,161$1,755$942$493$165
47 years$5,268$3,017$1,649$870$448$145
48 years$5,099$2,880$1,549$804$407$128
49 years$4,938$2,750$1,456$743$370$113
50 years$4,784$2,627$1,369$687$336$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,900,000, adding $3,883 every year, while hoping to spend $45,924 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: 37/38/25 Blend
69$4,900,000$4,900,000$4,900,000$4,900,000
70$5,403,805$5,144,105$5,068,155$5,563,116
71$5,906,131$5,347,304$5,189,076$5,883,598
72$6,458,154$5,558,920$5,312,508$6,225,026
73$7,064,896$5,779,317$5,438,487$6,592,927
74$7,731,888$6,008,876$5,567,049$6,989,716
75$8,465,224$6,247,995$5,698,229$7,418,047
76$9,271,618$6,497,087$5,832,060$7,880,831
77$10,158,467$6,756,588$5,968,578$8,381,266
78$11,133,920$7,026,951$6,107,815$8,922,865
79$12,206,957$7,308,649$6,249,804$9,509,485
80$13,387,471$7,602,177$6,394,577$10,145,368
81$14,686,363$7,908,054$6,542,166$10,835,171
82$16,115,644$8,226,819$6,692,599$11,584,017
83$17,688,545$8,559,040$6,845,907$12,397,532
84$19,419,650$8,905,305$7,002,118$13,281,907
85$21,325,024$9,266,235$7,161,258$14,243,945
86$23,422,369$9,642,474$7,323,354$15,291,128
87$25,731,193$10,034,697$7,488,429$16,431,686
88$28,272,990$10,443,612$7,656,506$17,674,670
89$31,071,441$10,869,955$7,827,605$19,030,036
90$34,152,645$11,314,500$8,001,746$20,508,739
91$37,545,357$11,778,052$8,178,947$22,122,828
92$41,281,263$12,261,457$8,359,222$23,885,565
93$45,395,280$12,765,596$8,542,584$25,811,542
94$49,925,881$13,291,393$8,729,043$27,916,816
95$54,915,462$13,839,813$8,918,607$30,219,061
96$60,410,741$14,411,866$9,111,282$32,737,729
97$66,463,196$15,008,606$9,307,070$35,494,233
98$73,129,554$15,631,140$9,505,969$38,512,142
99$80,472,325$16,280,622$9,707,975$41,817,403
100$88,560,390$16,958,261$9,913,080$45,438,583