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 years$412,895$409,217$405,629$402,127$398,707$385,790
2 years$204,404$200,597$196,907$193,330$189,860$176,968
3 years$134,915$131,092$127,412$123,869$120,455$107,992
4 years$100,178$96,367$92,723$89,240$85,910$73,971
5 years$79,341$75,553$71,957$68,545$65,307$53,925
6 years$65,455$61,694$58,152$54,816$51,675$40,859
7 years$55,539$51,811$48,325$45,067$42,026$31,774
8 years$48,106$44,411$40,983$37,806$34,865$25,171
9 years$42,328$38,668$35,299$32,202$29,361$20,213
10 years$37,708$34,084$30,774$27,759$25,017$16,402
11 years$33,931$30,343$27,093$24,158$21,515$13,416
12 years$30,785$27,234$24,044$21,190$18,645$11,044
13 years$28,126$24,612$21,482$18,708$16,259$9,138
14 years$25,848$22,371$19,302$16,607$14,252$7,592
15 years$23,876$20,437$17,427$14,810$12,549$6,328
16 years$22,152$18,750$15,800$13,261$11,091$5,289
17 years$20,632$17,268$14,377$11,915$9,834$4,431
18 years$19,283$15,957$13,125$10,738$8,744$3,719
19 years$18,077$14,789$12,015$9,702$7,793$3,126
20 years$16,993$13,742$11,027$8,787$6,961$2,631
21 years$16,014$12,800$10,143$7,975$6,230$2,217
22 years$15,125$11,949$9,348$7,251$5,584$1,870
23 years$14,314$11,175$8,631$6,604$5,012$1,578
24 years$13,572$10,471$7,982$6,023$4,505$1,333
25 years$12,891$9,826$7,393$5,501$4,054$1,126
26 years$12,263$9,235$6,857$5,029$3,652$952
27 years$11,682$8,691$6,367$4,604$3,292$805
28 years$11,144$8,190$5,919$4,218$2,971$681
29 years$10,644$7,726$5,508$3,868$2,683$576
30 years$10,178$7,296$5,131$3,550$2,424$488
31 years$9,743$6,898$4,783$3,260$2,191$413
32 years$9,336$6,526$4,463$2,996$1,982$350
33 years$8,954$6,181$4,167$2,755$1,794$296
34 years$8,596$5,858$3,893$2,535$1,624$251
35 years$8,259$5,556$3,640$2,334$1,471$212
36 years$7,941$5,274$3,405$2,149$1,333$180
37 years$7,641$5,009$3,187$1,980$1,208$152
38 years$7,358$4,760$2,985$1,825$1,095$129
39 years$7,090$4,526$2,796$1,683$993$109
40 years$6,836$4,306$2,621$1,552$901$93
41 years$6,595$4,099$2,458$1,432$817$79
42 years$6,366$3,904$2,305$1,322$742$67
43 years$6,148$3,720$2,163$1,220$673$56
44 years$5,941$3,546$2,031$1,127$611$48
45 years$5,743$3,381$1,907$1,040$555$40
46 years$5,555$3,225$1,791$961$504$34
47 years$5,375$3,078$1,682$888$457$29
48 years$5,203$2,938$1,581$820$415$25
49 years$5,039$2,806$1,486$758$377$21
50 years$4,882$2,680$1,397$701$343$18

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 $2,539 every year, while hoping to spend $30,181 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: 68/13/19 Blend
69$5,000,000$5,000,000$5,000,000$5,000,000
70$5,512,619$5,247,619$5,170,119$5,861,569
71$6,042,794$5,472,640$5,311,206$6,320,103
72$6,626,035$5,707,675$5,456,007$6,817,729
73$7,267,723$5,953,184$5,604,616$7,361,332
74$7,973,787$6,209,647$5,757,127$7,955,438
75$8,750,760$6,477,566$5,913,637$8,605,031
76$9,605,838$6,757,467$6,074,245$9,315,595
77$10,546,954$7,049,903$6,239,052$10,093,168
78$11,582,845$7,355,450$6,408,162$10,944,397
79$12,723,140$7,674,712$6,581,680$11,876,603
80$13,978,448$8,008,321$6,759,715$12,897,841
81$15,360,461$8,356,940$6,942,376$14,016,985
82$16,882,060$8,721,262$7,129,777$15,243,805
83$18,557,439$9,102,012$7,322,034$16,589,060
84$20,402,239$9,499,952$7,519,263$18,064,596
85$22,433,694$9,915,877$7,721,586$19,683,460
86$24,670,797$10,350,621$7,929,125$21,460,023
87$27,134,474$10,805,057$8,142,006$23,410,110
88$29,847,784$11,280,098$8,360,357$25,551,150
89$32,836,137$11,776,703$8,584,309$27,902,342
90$36,127,536$12,295,874$8,813,995$30,484,831
91$39,752,833$12,838,660$9,049,553$33,321,908
92$43,746,030$13,406,162$9,291,121$36,439,230
93$48,144,592$13,999,532$9,538,841$39,865,058
94$52,989,807$14,619,975$9,792,858$43,630,522
95$58,327,169$15,268,756$10,053,321$47,769,918
96$64,206,813$15,947,198$10,320,380$52,321,023
97$70,683,985$16,656,687$10,594,189$57,325,456
98$77,819,562$17,398,675$10,874,905$62,829,065
99$85,680,631$18,174,684$11,162,688$68,882,363
100$94,341,118$18,986,306$11,457,701$75,540,995