Can I retire at age 70 with 5,100,000?

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$421,153$417,402$413,742$410,169$406,681$404,288
2 years$208,492$204,609$200,846$197,197$193,658$191,243
3 years$137,614$133,714$129,960$126,346$122,864$120,503
4 years$102,182$98,294$94,578$91,025$87,628$85,338
5 years$80,928$77,064$73,396$69,916$66,613$64,402
6 years$66,764$62,928$59,315$55,912$52,709$50,579
7 years$56,650$52,847$49,291$45,969$42,866$40,819
8 years$49,068$45,300$41,803$38,562$35,562$33,597
9 years$43,175$39,442$36,005$32,846$29,948$28,065
10 years$38,462$34,766$31,390$28,314$25,517$23,715
11 years$34,610$30,950$27,635$24,641$21,946$20,224
12 years$31,401$27,779$24,525$21,614$19,018$17,374
13 years$28,688$25,104$21,912$19,082$16,584$15,017
14 years$26,365$22,819$19,688$16,939$14,537$13,045
15 years$24,353$20,846$17,775$15,106$12,800$11,380
16 years$22,595$19,125$16,116$13,526$11,312$9,964
17 years$21,045$17,614$14,665$12,153$10,030$8,751
18 years$19,669$16,276$13,387$10,952$8,919$7,706
19 years$18,439$15,084$12,255$9,896$7,949$6,801
20 years$17,333$14,017$11,247$8,963$7,101$6,014
21 years$16,334$13,056$10,345$8,135$6,354$5,327
22 years$15,427$12,188$9,535$7,396$5,696$4,726
23 years$14,601$11,399$8,804$6,736$5,113$4,199
24 years$13,844$10,680$8,142$6,144$4,595$3,734
25 years$13,149$10,023$7,541$5,611$4,135$3,324
26 years$12,508$9,420$6,994$5,130$3,725$2,962
27 years$11,916$8,865$6,495$4,696$3,358$2,642
28 years$11,367$8,353$6,038$4,302$3,030$2,358
29 years$10,857$7,881$5,618$3,945$2,736$2,105
30 years$10,381$7,442$5,233$3,621$2,472$1,881
31 years$9,938$7,035$4,879$3,325$2,235$1,682
32 years$9,523$6,657$4,552$3,056$2,022$1,504
33 years$9,133$6,304$4,250$2,810$1,830$1,345
34 years$8,768$5,975$3,971$2,586$1,657$1,204
35 years$8,424$5,667$3,713$2,380$1,501$1,078
36 years$8,100$5,379$3,473$2,192$1,360$965
37 years$7,794$5,109$3,251$2,020$1,232$865
38 years$7,505$4,855$3,044$1,862$1,117$775
39 years$7,232$4,617$2,852$1,717$1,013$694
40 years$6,973$4,393$2,673$1,583$919$622
41 years$6,727$4,181$2,507$1,461$834$558
42 years$6,493$3,982$2,351$1,348$756$500
43 years$6,271$3,794$2,207$1,245$686$448
44 years$6,060$3,617$2,071$1,149$623$402
45 years$5,858$3,449$1,945$1,061$566$361
46 years$5,666$3,290$1,827$980$514$324
47 years$5,483$3,140$1,716$906$466$290
48 years$5,307$2,997$1,613$837$424$260
49 years$5,140$2,862$1,516$773$385$234
50 years$4,979$2,734$1,425$715$349$210

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,100,000, adding $3,851 every year, while hoping to spend $47,748 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: 66/27/7 Blend
69$5,100,000$5,100,000$5,100,000$5,100,000
70$5,624,172$5,353,872$5,274,822$5,988,228
71$6,147,034$5,565,409$5,400,725$6,442,079
72$6,721,628$5,785,710$5,529,246$6,931,818
73$7,353,180$6,015,155$5,660,421$7,465,771
74$8,047,447$6,254,140$5,794,288$8,048,239
75$8,810,773$6,503,080$5,930,883$8,683,956
76$9,650,146$6,762,405$6,070,242$9,378,130
77$10,573,267$7,032,569$6,212,401$10,136,492
78$11,588,619$7,314,043$6,357,395$10,965,349
79$12,705,548$7,607,321$6,505,258$11,871,641
80$13,934,353$7,912,919$6,656,023$12,863,007
81$15,286,380$8,231,376$6,809,723$13,947,855
82$16,774,132$8,563,255$6,966,390$15,135,440
83$18,411,384$8,909,144$7,126,055$16,435,949
84$20,213,314$9,269,661$7,288,746$17,860,600
85$22,196,645$9,645,448$7,454,493$19,421,741
86$24,379,806$10,037,178$7,623,321$21,132,966
87$26,783,101$10,445,554$7,795,257$23,009,244
88$29,428,904$10,871,313$7,970,325$25,067,060
89$32,341,867$11,315,222$8,148,545$27,324,563
90$35,549,155$11,778,086$8,329,940$29,801,740
91$39,080,703$12,260,746$8,514,526$32,520,602
92$42,969,492$12,764,080$8,702,321$35,505,388
93$47,251,869$13,289,008$8,893,337$38,782,795
94$51,967,881$13,836,492$9,087,586$42,382,225
95$57,161,661$14,407,536$9,285,076$46,336,060
96$62,881,838$15,003,193$9,485,814$50,679,969
97$69,181,999$15,624,562$9,689,801$55,453,237
98$76,121,191$16,272,794$9,897,038$60,699,139
99$83,764,484$16,949,092$10,107,520$66,465,340
100$92,183,579$17,654,715$10,321,239$72,804,348