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%18.1%
1 years$412,895$409,217$405,629$402,127$398,707$385,635
2 years$204,404$200,597$196,907$193,330$189,860$176,816
3 years$134,915$131,092$127,412$123,869$120,455$107,847
4 years$100,178$96,367$92,723$89,240$85,910$73,834
5 years$79,341$75,553$71,957$68,545$65,307$53,797
6 years$65,455$61,694$58,152$54,816$51,675$40,740
7 years$55,539$51,811$48,325$45,067$42,026$31,664
8 years$48,106$44,411$40,983$37,806$34,865$25,068
9 years$42,328$38,668$35,299$32,202$29,361$20,119
10 years$37,708$34,084$30,774$27,759$25,017$16,315
11 years$33,931$30,343$27,093$24,158$21,515$13,337
12 years$30,785$27,234$24,044$21,190$18,645$10,971
13 years$28,126$24,612$21,482$18,708$16,259$9,071
14 years$25,848$22,371$19,302$16,607$14,252$7,531
15 years$23,876$20,437$17,427$14,810$12,549$6,273
16 years$22,152$18,750$15,800$13,261$11,091$5,240
17 years$20,632$17,268$14,377$11,915$9,834$4,386
18 years$19,283$15,957$13,125$10,738$8,744$3,678
19 years$18,077$14,789$12,015$9,702$7,793$3,090
20 years$16,993$13,742$11,027$8,787$6,961$2,599
21 years$16,014$12,800$10,143$7,975$6,230$2,188
22 years$15,125$11,949$9,348$7,251$5,584$1,844
23 years$14,314$11,175$8,631$6,604$5,012$1,555
24 years$13,572$10,471$7,982$6,023$4,505$1,312
25 years$12,891$9,826$7,393$5,501$4,054$1,108
26 years$12,263$9,235$6,857$5,029$3,652$936
27 years$11,682$8,691$6,367$4,604$3,292$791
28 years$11,144$8,190$5,919$4,218$2,971$668
29 years$10,644$7,726$5,508$3,868$2,683$565
30 years$10,178$7,296$5,131$3,550$2,424$478
31 years$9,743$6,898$4,783$3,260$2,191$404
32 years$9,336$6,526$4,463$2,996$1,982$342
33 years$8,954$6,181$4,167$2,755$1,794$289
34 years$8,596$5,858$3,893$2,535$1,624$245
35 years$8,259$5,556$3,640$2,334$1,471$207
36 years$7,941$5,274$3,405$2,149$1,333$175
37 years$7,641$5,009$3,187$1,980$1,208$148
38 years$7,358$4,760$2,985$1,825$1,095$126
39 years$7,090$4,526$2,796$1,683$993$106
40 years$6,836$4,306$2,621$1,552$901$90
41 years$6,595$4,099$2,458$1,432$817$76
42 years$6,366$3,904$2,305$1,322$742$65
43 years$6,148$3,720$2,163$1,220$673$55
44 years$5,941$3,546$2,031$1,127$611$46
45 years$5,743$3,381$1,907$1,040$555$39
46 years$5,555$3,225$1,791$961$504$33
47 years$5,375$3,078$1,682$888$457$28
48 years$5,203$2,938$1,581$820$415$24
49 years$5,039$2,806$1,486$758$377$20
50 years$4,882$2,680$1,397$701$343$17

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 $5,558 every year, while hoping to spend $53,644 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: 38/36/26 Blend
69$5,000,000$5,000,000$5,000,000$5,000,000
70$5,515,733$5,250,733$5,173,233$5,682,381
71$6,021,261$5,450,942$5,289,460$6,005,004
72$6,576,555$5,659,164$5,407,782$6,348,083
73$7,186,634$5,875,733$5,528,213$6,717,827
74$7,857,029$6,101,002$5,650,766$7,116,688
75$8,593,830$6,335,336$5,775,451$7,547,357
76$9,403,750$6,579,116$5,902,278$8,012,793
77$10,294,182$6,832,743$6,031,254$8,516,243
78$11,273,273$7,096,631$6,162,385$9,061,279
79$12,349,997$7,371,216$6,295,675$9,651,824
80$13,534,242$7,656,952$6,431,126$10,292,191
81$14,836,904$7,954,311$6,568,738$10,987,121
82$16,269,986$8,263,790$6,708,508$11,741,827
83$17,846,713$8,585,904$6,850,432$12,562,042
84$19,581,658$8,921,194$6,994,501$13,454,069
85$21,490,876$9,270,221$7,140,706$14,424,842
86$23,592,059$9,633,576$7,289,034$15,481,988
87$25,904,700$10,011,872$7,439,467$16,633,899
88$28,450,277$10,405,752$7,591,987$17,889,805
89$31,252,457$10,815,885$7,746,570$19,259,865
90$34,337,317$11,242,973$7,903,190$20,755,256
91$37,733,592$11,687,747$8,061,815$22,388,280
92$41,472,944$12,150,972$8,222,411$24,172,475
93$45,590,261$12,633,447$8,384,939$26,122,742
94$50,123,987$13,136,005$8,549,354$28,255,483
95$55,116,485$13,659,520$8,715,608$30,588,754
96$60,614,432$14,204,903$8,883,647$33,142,433
97$66,669,266$14,773,105$9,053,412$35,938,403
98$73,337,667$15,365,122$9,224,836$39,000,758
99$80,682,090$15,981,995$9,397,849$42,356,025
100$88,771,360$16,624,810$9,572,374$46,033,416