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

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 $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%18.8%
1 years$412,895$409,217$405,629$402,127$398,707$384,561
2 years$204,404$200,597$196,907$193,330$189,860$175,759
3 years$134,915$131,092$127,412$123,869$120,455$106,842
4 years$100,178$96,367$92,723$89,240$85,910$72,888
5 years$79,341$75,553$71,957$68,545$65,307$52,912
6 years$65,455$61,694$58,152$54,816$51,675$39,916
7 years$55,539$51,811$48,325$45,067$42,026$30,900
8 years$48,106$44,411$40,983$37,806$34,865$24,362
9 years$42,328$38,668$35,299$32,202$29,361$19,469
10 years$37,708$34,084$30,774$27,759$25,017$15,718
11 years$33,931$30,343$27,093$24,158$21,515$12,790
12 years$30,785$27,234$24,044$21,190$18,645$10,473
13 years$28,126$24,612$21,482$18,708$16,259$8,618
14 years$25,848$22,371$19,302$16,607$14,252$7,120
15 years$23,876$20,437$17,427$14,810$12,549$5,901
16 years$22,152$18,750$15,800$13,261$11,091$4,904
17 years$20,632$17,268$14,377$11,915$9,834$4,084
18 years$19,283$15,957$13,125$10,738$8,744$3,407
19 years$18,077$14,789$12,015$9,702$7,793$2,847
20 years$16,993$13,742$11,027$8,787$6,961$2,382
21 years$16,014$12,800$10,143$7,975$6,230$1,994
22 years$15,125$11,949$9,348$7,251$5,584$1,671
23 years$14,314$11,175$8,631$6,604$5,012$1,402
24 years$13,572$10,471$7,982$6,023$4,505$1,176
25 years$12,891$9,826$7,393$5,501$4,054$988
26 years$12,263$9,235$6,857$5,029$3,652$830
27 years$11,682$8,691$6,367$4,604$3,292$697
28 years$11,144$8,190$5,919$4,218$2,971$586
29 years$10,644$7,726$5,508$3,868$2,683$492
30 years$10,178$7,296$5,131$3,550$2,424$414
31 years$9,743$6,898$4,783$3,260$2,191$348
32 years$9,336$6,526$4,463$2,996$1,982$293
33 years$8,954$6,181$4,167$2,755$1,794$246
34 years$8,596$5,858$3,893$2,535$1,624$207
35 years$8,259$5,556$3,640$2,334$1,471$174
36 years$7,941$5,274$3,405$2,149$1,333$147
37 years$7,641$5,009$3,187$1,980$1,208$123
38 years$7,358$4,760$2,985$1,825$1,095$104
39 years$7,090$4,526$2,796$1,683$993$87
40 years$6,836$4,306$2,621$1,552$901$74
41 years$6,595$4,099$2,458$1,432$817$62
42 years$6,366$3,904$2,305$1,322$742$52
43 years$6,148$3,720$2,163$1,220$673$44
44 years$5,941$3,546$2,031$1,127$611$37
45 years$5,743$3,381$1,907$1,040$555$31
46 years$5,555$3,225$1,791$961$504$26
47 years$5,375$3,078$1,682$888$457$22
48 years$5,203$2,938$1,581$820$415$19
49 years$5,039$2,806$1,486$758$377$16
50 years$4,882$2,680$1,397$701$343$13

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 $5,803 every year, while hoping to spend $59,691 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: 71/6/23 Blend
69$5,000,000$5,000,000$5,000,000$5,000,000
70$5,515,986$5,250,986$5,173,486$5,875,581
71$6,015,106$5,444,773$5,283,287$6,310,172
72$6,563,135$5,646,056$5,394,766$6,778,295
73$7,165,000$5,855,138$5,507,915$7,289,434
74$7,826,126$6,072,336$5,622,727$7,847,851
75$8,552,492$6,297,981$5,739,189$8,458,242
76$9,350,682$6,532,418$5,857,288$9,125,778
77$10,227,951$6,776,006$5,977,007$9,856,154
78$11,192,292$7,029,121$6,098,326$10,655,644
79$12,252,511$7,292,152$6,221,225$11,531,155
80$13,418,307$7,565,508$6,345,676$12,490,298
81$14,700,370$7,849,613$6,471,652$13,541,456
82$16,110,475$8,144,912$6,599,120$14,693,863
83$17,661,598$8,451,866$6,728,044$15,957,691
84$19,368,031$8,770,959$6,858,385$17,344,147
85$21,245,528$9,102,693$6,990,097$18,865,574
86$23,311,440$9,447,593$7,123,134$20,535,574
87$25,584,890$9,806,209$7,257,442$22,369,128
88$28,086,946$10,179,110$7,392,964$24,382,744
89$30,840,822$10,566,894$7,529,636$26,594,608
90$33,872,097$10,970,183$7,667,390$29,024,756
91$37,208,956$11,389,627$7,806,152$31,695,265
92$40,882,454$11,825,903$7,945,843$34,630,457
93$44,926,812$12,279,720$8,086,376$37,857,131
94$49,379,737$12,751,816$8,227,660$41,404,815
95$54,282,777$13,242,962$8,369,593$45,306,042
96$59,681,716$13,753,963$8,512,070$49,596,659
97$65,627,002$14,285,658$8,654,976$54,316,165
98$72,174,227$14,838,927$8,798,189$59,508,082
99$79,384,647$15,414,683$8,941,577$65,220,365
100$87,325,763$16,013,883$9,085,001$71,505,855