Can I retire at age 70 with 5,000,000?

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 $5,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$412,895$409,217$405,629$402,127$398,707$391,619
2 years$204,404$200,597$196,907$193,330$189,860$182,743
3 years$134,915$131,092$127,412$123,869$120,455$113,531
4 years$100,178$96,367$92,723$89,240$85,910$79,231
5 years$79,341$75,553$71,957$68,545$65,307$58,894
6 years$65,455$61,694$58,152$54,816$51,675$45,535
7 years$55,539$51,811$48,325$45,067$42,026$36,160
8 years$48,106$44,411$40,983$37,806$34,865$29,271
9 years$42,328$38,668$35,299$32,202$29,361$24,037
10 years$37,708$34,084$30,774$27,759$25,017$19,958
11 years$33,931$30,343$27,093$24,158$21,515$16,716
12 years$30,785$27,234$24,044$21,190$18,645$14,098
13 years$28,126$24,612$21,482$18,708$16,259$11,958
14 years$25,848$22,371$19,302$16,607$14,252$10,189
15 years$23,876$20,437$17,427$14,810$12,549$8,716
16 years$22,152$18,750$15,800$13,261$11,091$7,480
17 years$20,632$17,268$14,377$11,915$9,834$6,437
18 years$19,283$15,957$13,125$10,738$8,744$5,552
19 years$18,077$14,789$12,015$9,702$7,793$4,798
20 years$16,993$13,742$11,027$8,787$6,961$4,153
21 years$16,014$12,800$10,143$7,975$6,230$3,600
22 years$15,125$11,949$9,348$7,251$5,584$3,124
23 years$14,314$11,175$8,631$6,604$5,012$2,715
24 years$13,572$10,471$7,982$6,023$4,505$2,361
25 years$12,891$9,826$7,393$5,501$4,054$2,054
26 years$12,263$9,235$6,857$5,029$3,652$1,789
27 years$11,682$8,691$6,367$4,604$3,292$1,559
28 years$11,144$8,190$5,919$4,218$2,971$1,359
29 years$10,644$7,726$5,508$3,868$2,683$1,186
30 years$10,178$7,296$5,131$3,550$2,424$1,035
31 years$9,743$6,898$4,783$3,260$2,191$903
32 years$9,336$6,526$4,463$2,996$1,982$788
33 years$8,954$6,181$4,167$2,755$1,794$689
34 years$8,596$5,858$3,893$2,535$1,624$602
35 years$8,259$5,556$3,640$2,334$1,471$526
36 years$7,941$5,274$3,405$2,149$1,333$459
37 years$7,641$5,009$3,187$1,980$1,208$401
38 years$7,358$4,760$2,985$1,825$1,095$351
39 years$7,090$4,526$2,796$1,683$993$307
40 years$6,836$4,306$2,621$1,552$901$268
41 years$6,595$4,099$2,458$1,432$817$234
42 years$6,366$3,904$2,305$1,322$742$205
43 years$6,148$3,720$2,163$1,220$673$179
44 years$5,941$3,546$2,031$1,127$611$157
45 years$5,743$3,381$1,907$1,040$555$137
46 years$5,555$3,225$1,791$961$504$120
47 years$5,375$3,078$1,682$888$457$105
48 years$5,203$2,938$1,581$820$415$92
49 years$5,039$2,806$1,486$758$377$80
50 years$4,882$2,680$1,397$701$343$70

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,000,000, adding $6,741 every year, while hoping to spend $42,008 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: 58/34/8 Blend
69$5,000,000$5,000,000$5,000,000$5,000,000
70$5,516,953$5,251,953$5,174,453$5,826,656
71$6,034,986$5,464,603$5,303,101$6,248,296
72$6,604,451$5,686,264$5,434,651$6,702,320
73$7,230,548$5,917,335$5,569,156$7,196,145
74$7,919,010$6,158,230$5,706,668$7,733,587
75$8,676,149$6,409,383$5,847,242$8,318,840
76$9,508,923$6,671,250$5,990,931$8,956,519
77$10,424,996$6,944,303$6,137,789$9,651,694
78$11,432,812$7,229,041$6,287,872$10,409,946
79$12,541,676$7,525,981$6,441,233$11,237,412
80$13,761,839$7,835,667$6,597,927$12,140,841
81$15,104,599$8,158,666$6,758,009$13,127,662
82$16,582,399$8,495,572$6,921,534$14,206,045
83$18,208,955$8,847,007$7,088,556$15,384,982
84$19,999,377$9,213,618$7,259,131$16,674,367
85$21,970,315$9,596,087$7,433,314$18,085,090
86$24,140,115$9,995,124$7,611,158$19,629,134
87$26,528,993$10,411,471$7,792,718$21,319,691
88$29,159,224$10,845,906$7,978,047$23,171,280
89$32,055,353$11,299,244$8,167,200$25,199,884
90$35,244,427$11,772,335$8,360,229$27,423,097
91$38,756,248$12,266,069$8,557,186$29,860,292
92$42,623,657$12,781,378$8,758,124$32,532,794
93$46,882,841$13,319,236$8,963,092$35,464,086
94$51,573,677$13,880,665$9,172,142$38,680,022
95$56,740,104$14,466,730$9,385,321$42,209,073
96$62,430,544$15,078,548$9,602,678$46,082,589
97$68,698,351$15,717,289$9,824,259$50,335,094
98$75,602,321$16,384,174$10,050,110$55,004,608
99$83,207,243$17,080,484$10,280,274$60,133,001
100$91,584,512$17,807,558$10,514,793$65,766,388