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%18%
1 years$404,637$401,033$397,517$394,084$390,733$378,074
2 years$200,316$196,585$192,969$189,464$186,063$173,428
3 years$132,217$128,470$124,864$121,391$118,046$105,832
4 years$98,175$94,439$90,869$87,456$84,192$72,491
5 years$77,754$74,042$70,518$67,174$64,001$52,846
6 years$64,145$60,461$56,989$53,720$50,642$40,042
7 years$54,429$50,775$47,358$44,166$41,185$31,139
8 years$47,144$43,523$40,163$37,050$34,167$24,667
9 years$41,482$37,895$34,593$31,558$28,774$19,809
10 years$36,954$33,402$30,159$27,203$24,517$16,074
11 years$33,252$29,736$26,551$23,675$21,085$13,148
12 years$30,170$26,690$23,564$20,766$18,272$10,823
13 years$27,563$24,120$21,053$18,334$15,934$8,955
14 years$25,331$21,924$18,916$16,274$13,967$7,440
15 years$23,398$20,028$17,078$14,514$12,298$6,201
16 years$21,709$18,375$15,484$12,996$10,869$5,183
17 years$20,220$16,923$14,090$11,676$9,637$4,342
18 years$18,897$15,638$12,862$10,523$8,569$3,644
19 years$17,716$14,493$11,775$9,508$7,638$3,063
20 years$16,654$13,467$10,806$8,612$6,822$2,578
21 years$15,694$12,544$9,940$7,816$6,105$2,173
22 years$14,822$11,710$9,161$7,106$5,472$1,832
23 years$14,028$10,952$8,459$6,472$4,912$1,546
24 years$13,301$10,261$7,823$5,903$4,415$1,306
25 years$12,633$9,630$7,245$5,391$3,973$1,104
26 years$12,017$9,050$6,720$4,929$3,579$933
27 years$11,448$8,517$6,240$4,512$3,227$789
28 years$10,921$8,026$5,801$4,134$2,911$667
29 years$10,431$7,571$5,398$3,791$2,629$565
30 years$9,974$7,150$5,028$3,479$2,375$478
31 years$9,548$6,760$4,688$3,195$2,148$405
32 years$9,149$6,396$4,374$2,936$1,943$343
33 years$8,775$6,057$4,084$2,700$1,758$290
34 years$8,424$5,741$3,816$2,484$1,592$246
35 years$8,094$5,445$3,567$2,287$1,442$208
36 years$7,782$5,168$3,337$2,106$1,306$176
37 years$7,489$4,908$3,123$1,941$1,184$149
38 years$7,211$4,665$2,925$1,789$1,073$127
39 years$6,948$4,436$2,740$1,649$973$107
40 years$6,699$4,220$2,569$1,521$883$91
41 years$6,463$4,017$2,408$1,404$801$77
42 years$6,238$3,826$2,259$1,295$727$65
43 years$6,025$3,645$2,120$1,196$660$55
44 years$5,822$3,475$1,990$1,104$599$47
45 years$5,628$3,314$1,869$1,020$544$40
46 years$5,444$3,161$1,755$942$493$34
47 years$5,268$3,017$1,649$870$448$28
48 years$5,099$2,880$1,549$804$407$24
49 years$4,938$2,750$1,456$743$370$20
50 years$4,784$2,627$1,369$687$336$17

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 $5,007 every year, while hoping to spend $21,891 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: 28/49/23 Blend
69$4,900,000$4,900,000$4,900,000$4,900,000
70$5,404,965$5,145,265$5,069,315$5,517,164
71$5,932,979$5,374,091$5,215,845$5,834,253
72$6,514,118$5,613,396$5,366,550$6,172,442
73$7,153,775$5,863,670$5,521,547$6,535,347
74$7,857,897$6,125,427$5,680,956$6,925,096
75$8,633,035$6,399,204$5,844,900$7,344,015
76$9,486,405$6,685,566$6,013,505$7,794,653
77$10,425,963$6,985,104$6,186,902$8,279,797
78$11,460,472$7,298,434$6,365,224$8,802,501
79$12,599,589$7,626,207$6,548,608$9,366,112
80$13,853,956$7,969,100$6,737,195$9,974,294
81$15,235,298$8,327,824$6,931,130$10,631,067
82$16,756,537$8,703,126$7,130,561$11,340,836
83$18,431,910$9,095,786$7,335,641$12,108,431
84$20,277,107$9,506,621$7,546,527$12,939,151
85$22,309,416$9,936,489$7,763,380$13,838,810
86$24,547,887$10,386,288$7,986,364$14,813,786
87$27,013,515$10,856,959$8,215,650$15,871,083
88$29,729,431$11,349,488$8,451,412$17,018,385
89$32,721,128$11,864,908$8,693,829$18,264,133
90$36,016,696$12,404,301$8,943,085$19,617,593
91$39,647,088$12,968,802$9,199,369$21,088,946
92$43,646,417$13,559,599$9,462,873$22,689,373
93$48,052,270$14,177,938$9,733,798$24,431,160
94$52,906,069$14,825,123$10,012,347$26,327,808
95$58,253,457$15,502,524$10,298,730$28,394,154
96$64,144,735$16,211,573$10,593,163$30,646,506
97$70,635,330$16,953,772$10,895,866$33,102,792
98$77,786,322$17,730,695$11,207,066$35,782,721
99$85,665,021$18,543,993$11,526,996$38,707,967
100$94,345,598$19,395,394$11,855,896$41,902,361