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

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 $5,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$421,153$417,402$413,742$410,169$406,681$402,769
2 years$208,492$204,609$200,846$197,197$193,658$189,717
3 years$137,614$133,714$129,960$126,346$122,864$119,017
4 years$102,182$98,294$94,578$91,025$87,628$83,904
5 years$80,928$77,064$73,396$69,916$66,613$63,023
6 years$66,764$62,928$59,315$55,912$52,709$49,257
7 years$56,650$52,847$49,291$45,969$42,866$39,554
8 years$49,068$45,300$41,803$38,562$35,562$32,390
9 years$43,175$39,442$36,005$32,846$29,948$26,915
10 years$38,462$34,766$31,390$28,314$25,517$22,621
11 years$34,610$30,950$27,635$24,641$21,946$19,184
12 years$31,401$27,779$24,525$21,614$19,018$16,388
13 years$28,688$25,104$21,912$19,082$16,584$14,082
14 years$26,365$22,819$19,688$16,939$14,537$12,161
15 years$24,353$20,846$17,775$15,106$12,800$10,546
16 years$22,595$19,125$16,116$13,526$11,312$9,177
17 years$21,045$17,614$14,665$12,153$10,030$8,009
18 years$19,669$16,276$13,387$10,952$8,919$7,008
19 years$18,439$15,084$12,255$9,896$7,949$6,145
20 years$17,333$14,017$11,247$8,963$7,101$5,399
21 years$16,334$13,056$10,345$8,135$6,354$4,751
22 years$15,427$12,188$9,535$7,396$5,696$4,186
23 years$14,601$11,399$8,804$6,736$5,113$3,694
24 years$13,844$10,680$8,142$6,144$4,595$3,262
25 years$13,149$10,023$7,541$5,611$4,135$2,884
26 years$12,508$9,420$6,994$5,130$3,725$2,552
27 years$11,916$8,865$6,495$4,696$3,358$2,260
28 years$11,367$8,353$6,038$4,302$3,030$2,002
29 years$10,857$7,881$5,618$3,945$2,736$1,775
30 years$10,381$7,442$5,233$3,621$2,472$1,575
31 years$9,938$7,035$4,879$3,325$2,235$1,397
32 years$9,523$6,657$4,552$3,056$2,022$1,240
33 years$9,133$6,304$4,250$2,810$1,830$1,101
34 years$8,768$5,975$3,971$2,586$1,657$978
35 years$8,424$5,667$3,713$2,380$1,501$869
36 years$8,100$5,379$3,473$2,192$1,360$773
37 years$7,794$5,109$3,251$2,020$1,232$687
38 years$7,505$4,855$3,044$1,862$1,117$611
39 years$7,232$4,617$2,852$1,717$1,013$543
40 years$6,973$4,393$2,673$1,583$919$483
41 years$6,727$4,181$2,507$1,461$834$430
42 years$6,493$3,982$2,351$1,348$756$382
43 years$6,271$3,794$2,207$1,245$686$340
44 years$6,060$3,617$2,071$1,149$623$303
45 years$5,858$3,449$1,945$1,061$566$269
46 years$5,666$3,290$1,827$980$514$240
47 years$5,483$3,140$1,716$906$466$213
48 years$5,307$2,997$1,613$837$424$190
49 years$5,140$2,862$1,516$773$385$169
50 years$4,979$2,734$1,425$715$349$150

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 $2,975 every year, while hoping to spend $39,678 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: 45/27/28 Blend
69$5,100,000$5,100,000$5,100,000$5,100,000
70$5,623,269$5,352,969$5,273,919$5,830,657
71$6,154,625$5,573,047$5,408,378$6,198,501
72$6,738,850$5,802,579$5,546,012$6,593,148
73$7,381,294$6,041,987$5,686,884$7,020,404
74$8,087,852$6,291,711$5,831,061$7,483,334
75$8,865,020$6,552,212$5,978,609$7,985,311
76$9,719,954$6,823,972$6,129,594$8,530,038
77$10,660,537$7,107,495$6,284,084$9,121,588
78$11,695,459$7,403,309$6,442,147$9,764,439
79$12,834,290$7,711,965$6,603,853$10,463,514
80$14,087,578$8,034,042$6,769,273$11,224,227
81$15,466,943$8,370,142$6,938,475$12,052,532
82$16,985,190$8,720,897$7,111,533$12,954,979
83$18,656,427$9,086,969$7,288,517$13,938,772
84$20,496,202$9,469,050$7,469,502$15,011,838
85$22,521,643$9,867,862$7,654,558$16,182,898
86$24,751,626$10,284,162$7,843,762$17,461,548
87$27,206,950$10,718,744$8,037,186$18,858,348
88$29,910,532$11,172,437$8,234,905$20,384,919
89$32,887,627$11,646,107$8,436,995$22,054,054
90$36,166,062$12,140,663$8,643,531$23,879,829
91$39,776,500$12,657,055$8,854,589$25,877,743
92$43,752,729$13,196,277$9,070,244$28,064,855
93$48,131,984$13,759,371$9,290,574$30,459,946
94$52,955,291$14,347,425$9,515,653$33,083,692
95$58,267,862$14,961,580$9,745,558$35,958,859
96$64,119,516$15,603,029$9,980,366$39,110,512
97$70,565,150$16,273,021$10,220,153$42,566,252
98$77,665,261$16,972,865$10,464,994$46,356,470
99$85,486,511$17,703,929$10,714,964$50,514,634
100$94,102,360$18,467,646$10,970,140$55,077,600