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%16.3%
1 years$421,153$417,402$413,742$410,169$406,681$396,207
2 years$208,492$204,609$200,846$197,197$193,658$183,175
3 years$137,614$133,714$129,960$126,346$122,864$112,701
4 years$102,182$98,294$94,578$91,025$87,628$77,862
5 years$80,928$77,064$73,396$69,916$66,613$57,271
6 years$66,764$62,928$59,315$55,912$52,709$43,801
7 years$56,650$52,847$49,291$45,969$42,866$34,393
8 years$49,068$45,300$41,803$38,562$35,562$27,518
9 years$43,175$39,442$36,005$32,846$29,948$22,328
10 years$38,462$34,766$31,390$28,314$25,517$18,311
11 years$34,610$30,950$27,635$24,641$21,946$15,143
12 years$31,401$27,779$24,525$21,614$19,018$12,606
13 years$28,688$25,104$21,912$19,082$16,584$10,551
14 years$26,365$22,819$19,688$16,939$14,537$8,869
15 years$24,353$20,846$17,775$15,106$12,800$7,482
16 years$22,595$19,125$16,116$13,526$11,312$6,331
17 years$21,045$17,614$14,665$12,153$10,030$5,370
18 years$19,669$16,276$13,387$10,952$8,919$4,564
19 years$18,439$15,084$12,255$9,896$7,949$3,886
20 years$17,333$14,017$11,247$8,963$7,101$3,313
21 years$16,334$13,056$10,345$8,135$6,354$2,828
22 years$15,427$12,188$9,535$7,396$5,696$2,417
23 years$14,601$11,399$8,804$6,736$5,113$2,068
24 years$13,844$10,680$8,142$6,144$4,595$1,770
25 years$13,149$10,023$7,541$5,611$4,135$1,516
26 years$12,508$9,420$6,994$5,130$3,725$1,299
27 years$11,916$8,865$6,495$4,696$3,358$1,114
28 years$11,367$8,353$6,038$4,302$3,030$956
29 years$10,857$7,881$5,618$3,945$2,736$820
30 years$10,381$7,442$5,233$3,621$2,472$704
31 years$9,938$7,035$4,879$3,325$2,235$604
32 years$9,523$6,657$4,552$3,056$2,022$519
33 years$9,133$6,304$4,250$2,810$1,830$446
34 years$8,768$5,975$3,971$2,586$1,657$383
35 years$8,424$5,667$3,713$2,380$1,501$329
36 years$8,100$5,379$3,473$2,192$1,360$283
37 years$7,794$5,109$3,251$2,020$1,232$243
38 years$7,505$4,855$3,044$1,862$1,117$209
39 years$7,232$4,617$2,852$1,717$1,013$179
40 years$6,973$4,393$2,673$1,583$919$154
41 years$6,727$4,181$2,507$1,461$834$133
42 years$6,493$3,982$2,351$1,348$756$114
43 years$6,271$3,794$2,207$1,245$686$98
44 years$6,060$3,617$2,071$1,149$623$84
45 years$5,858$3,449$1,945$1,061$566$72
46 years$5,666$3,290$1,827$980$514$62
47 years$5,483$3,140$1,716$906$466$53
48 years$5,307$2,997$1,613$837$424$46
49 years$5,140$2,862$1,516$773$385$40
50 years$4,979$2,734$1,425$715$349$34

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 $2,412 every year, while hoping to spend $28,513 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: 33/47/20 Blend
69$5,100,000$5,100,000$5,100,000$5,100,000
70$5,622,688$5,352,388$5,273,338$5,773,476
71$6,165,865$5,584,317$5,419,657$6,117,681
72$6,763,489$5,826,656$5,569,922$6,485,613
73$7,421,086$6,079,883$5,724,236$6,881,563
74$8,144,741$6,344,501$5,882,702$7,308,011
75$8,941,161$6,621,037$6,045,428$7,767,680
76$9,817,732$6,910,042$6,212,523$8,263,549
77$10,782,599$7,212,091$6,384,100$8,798,887
78$11,844,730$7,527,790$6,560,274$9,377,279
79$13,014,012$7,857,771$6,741,163$10,002,656
80$14,301,336$8,202,697$6,926,886$10,679,329
81$15,718,703$8,563,260$7,117,568$11,412,031
82$17,279,339$8,940,188$7,313,335$12,205,956
83$18,997,815$9,334,241$7,514,315$13,066,805
84$20,890,190$9,746,216$7,720,642$14,000,838
85$22,974,156$10,176,947$7,932,451$15,014,928
86$25,269,212$10,627,310$8,149,880$16,116,627
87$27,796,842$11,098,218$8,373,071$17,314,226
88$30,580,720$11,590,631$8,602,169$18,616,840
89$33,646,935$12,105,554$8,837,323$20,034,481
90$37,024,234$12,644,037$9,078,685$21,578,154
91$40,744,295$13,207,184$9,326,410$23,259,953
92$44,842,025$13,796,148$9,580,656$25,093,176
93$49,355,890$14,412,138$9,841,587$27,092,440
94$54,328,279$15,056,421$10,109,368$29,273,820
95$59,805,901$15,730,323$10,384,170$31,654,991
96$65,840,229$16,435,235$10,666,166$34,255,394
97$72,487,984$17,172,613$10,955,534$37,096,410
98$79,811,669$17,943,982$11,252,455$40,201,559
99$87,880,163$18,750,940$11,557,116$43,596,715
100$96,769,365$19,595,162$11,869,705$47,310,345