Can I retire at age 70 with 5,300,000?

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 $5,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$437,669$433,771$429,967$426,254$422,629$413,084
2 years$216,668$212,633$208,722$204,930$201,252$191,686
3 years$143,010$138,958$135,057$131,301$127,683$118,395
4 years$106,189$102,149$98,287$94,595$91,064$82,127
5 years$84,102$80,086$76,275$72,658$69,226$60,663
6 years$69,382$65,396$61,641$58,105$54,776$46,598
7 years$58,872$54,920$51,224$47,771$44,547$36,755
8 years$50,993$47,076$43,442$40,074$36,956$29,546
9 years$44,868$40,988$37,417$34,134$31,123$24,089
10 years$39,971$36,129$32,621$29,424$26,518$19,854
11 years$35,967$32,164$28,719$25,608$22,806$16,503
12 years$32,632$28,868$25,487$22,461$19,764$13,811
13 years$29,813$26,089$22,771$19,830$17,234$11,621
14 years$27,399$23,714$20,460$17,603$15,107$9,822
15 years$25,308$21,663$18,473$15,699$13,302$8,332
16 years$23,481$19,875$16,748$14,057$11,756$7,090
17 years$21,870$18,304$15,240$12,630$10,424$6,049
18 years$20,440$16,914$13,912$11,382$9,268$5,172
19 years$19,162$15,676$12,736$10,285$8,261$4,430
20 years$18,013$14,567$11,688$9,315$7,379$3,800
21 years$16,975$13,568$10,751$8,454$6,603$3,264
22 years$16,032$12,666$9,909$7,686$5,919$2,807
23 years$15,173$11,846$9,149$7,000$5,313$2,416
24 years$14,387$11,099$8,461$6,384$4,776$2,081
25 years$13,664$10,416$7,837$5,831$4,297$1,794
26 years$12,998$9,789$7,268$5,331$3,871$1,547
27 years$12,383$9,213$6,749$4,880$3,490$1,335
28 years$11,813$8,681$6,274$4,471$3,149$1,153
29 years$11,282$8,190$5,839$4,100$2,843$996
30 years$10,789$7,734$5,439$3,763$2,569$860
31 years$10,327$7,311$5,070$3,456$2,323$744
32 years$9,896$6,918$4,731$3,176$2,101$643
33 years$9,492$6,551$4,417$2,921$1,902$556
34 years$9,112$6,209$4,127$2,687$1,722$481
35 years$8,754$5,889$3,858$2,474$1,559$416
36 years$8,418$5,590$3,610$2,278$1,413$360
37 years$8,100$5,309$3,378$2,099$1,281$311
38 years$7,800$5,046$3,164$1,935$1,161$269
39 years$7,515$4,798$2,964$1,784$1,053$233
40 years$7,246$4,565$2,778$1,645$955$202
41 years$6,990$4,345$2,605$1,518$866$174
42 years$6,748$4,138$2,444$1,401$786$151
43 years$6,517$3,943$2,293$1,293$713$131
44 years$6,297$3,758$2,152$1,194$648$113
45 years$6,088$3,584$2,021$1,103$588$98
46 years$5,888$3,419$1,898$1,019$534$85
47 years$5,698$3,263$1,783$941$485$73
48 years$5,515$3,115$1,676$870$440$64
49 years$5,341$2,974$1,575$804$400$55
50 years$5,175$2,841$1,481$743$363$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,300,000, adding $5,494 every year, while hoping to spend $55,119 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: 87/6/7 Blend
69$5,300,000$5,300,000$5,300,000$5,300,000
70$5,846,267$5,565,367$5,483,217$6,351,485
71$6,383,940$5,779,424$5,608,259$6,895,539
72$6,974,608$6,002,122$5,735,642$7,485,243
73$7,623,619$6,233,827$5,865,387$8,131,624
74$8,336,864$6,474,920$5,997,512$8,840,358
75$9,120,832$6,725,799$6,132,037$9,617,693
76$9,982,673$6,986,879$6,268,977$10,470,511
77$10,930,265$7,258,596$6,408,347$11,406,392
78$11,972,286$7,541,401$6,550,160$12,433,688
79$13,118,298$7,835,768$6,694,430$13,561,596
80$14,378,836$8,142,192$6,841,164$14,800,249
81$15,765,506$8,461,189$6,990,372$16,160,807
82$17,291,098$8,793,297$7,142,060$17,655,566
83$18,969,702$9,139,080$7,296,230$19,298,072
84$20,816,842$9,499,126$7,452,885$21,103,246
85$22,849,627$9,874,050$7,612,024$23,087,528
86$25,086,904$10,264,493$7,773,641$25,269,030
87$27,549,441$10,671,127$7,937,731$27,667,704
88$30,260,123$11,094,651$8,104,284$30,305,534
89$33,244,164$11,535,798$8,273,286$33,206,741
90$36,529,349$11,995,332$8,444,722$36,398,008
91$40,146,293$12,474,054$8,618,570$39,908,738
92$44,128,730$12,972,798$8,794,808$43,771,324
93$48,513,833$13,492,437$8,973,406$48,021,457
94$53,342,561$14,033,883$9,154,332$52,698,463
95$58,660,049$14,598,090$9,337,549$57,845,672
96$64,516,033$15,186,055$9,523,015$63,510,827
97$70,965,315$15,798,819$9,710,684$69,746,534
98$78,068,287$16,437,471$9,900,501$76,610,755
99$85,891,493$17,103,148$10,092,409$84,167,359
100$94,508,265$17,797,041$10,286,344$92,486,720