Can I retire at age 70 with 5,400,000?

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 $5,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$445,927$441,955$438,080$434,297$430,604$418,835
2 years$220,756$216,645$212,660$208,797$205,049$193,279
3 years$145,709$141,580$137,605$133,778$130,092$118,688
4 years$108,192$104,076$100,141$96,380$92,783$81,832
5 years$85,689$81,597$77,714$74,029$70,532$60,066
6 years$70,691$66,630$62,804$59,201$55,809$45,837
7 years$59,983$55,956$52,191$48,673$45,388$35,910
8 years$51,955$47,964$44,262$40,830$37,654$28,665
9 years$45,714$41,762$38,123$34,778$31,710$23,203
10 years$40,725$36,811$33,236$29,979$27,018$18,981
11 years$36,645$32,771$29,261$26,091$23,237$15,657
12 years$33,248$29,413$25,968$22,885$20,136$13,000
13 years$30,376$26,581$23,201$20,204$17,559$10,851
14 years$27,916$24,161$20,846$17,935$15,392$9,096
15 years$25,786$22,072$18,821$15,995$13,553$7,652
16 years$23,924$20,250$17,064$14,322$11,978$6,456
17 years$22,283$18,650$15,528$12,868$10,620$5,460
18 years$20,826$17,233$14,175$11,597$9,443$4,627
19 years$19,523$15,972$12,976$10,479$8,417$3,928
20 years$18,353$14,842$11,909$9,490$7,518$3,339
21 years$17,295$13,824$10,954$8,613$6,728$2,842
22 years$16,335$12,905$10,096$7,831$6,031$2,421
23 years$15,459$12,069$9,322$7,132$5,413$2,064
24 years$14,658$11,308$8,621$6,505$4,866$1,761
25 years$13,922$10,612$7,985$5,941$4,378$1,504
26 years$13,244$9,974$7,405$5,432$3,944$1,285
27 years$12,617$9,386$6,877$4,972$3,556$1,098
28 years$12,035$8,845$6,393$4,555$3,208$939
29 years$11,495$8,344$5,949$4,177$2,897$803
30 years$10,992$7,880$5,541$3,834$2,618$687
31 years$10,522$7,449$5,166$3,521$2,367$588
32 years$10,083$7,049$4,820$3,236$2,141$503
33 years$9,671$6,675$4,500$2,976$1,937$431
34 years$9,284$6,326$4,205$2,738$1,754$369
35 years$8,920$6,001$3,931$2,520$1,589$316
36 years$8,576$5,695$3,678$2,321$1,440$270
37 years$8,253$5,409$3,442$2,139$1,305$232
38 years$7,947$5,141$3,223$1,971$1,183$198
39 years$7,657$4,888$3,020$1,818$1,073$170
40 years$7,383$4,651$2,831$1,676$973$145
41 years$7,122$4,427$2,654$1,547$883$125
42 years$6,875$4,216$2,490$1,427$801$107
43 years$6,640$4,017$2,336$1,318$727$91
44 years$6,416$3,829$2,193$1,217$660$78
45 years$6,203$3,652$2,059$1,124$599$67
46 years$5,999$3,484$1,934$1,038$544$58
47 years$5,805$3,324$1,817$959$494$49
48 years$5,619$3,174$1,707$886$448$42
49 years$5,442$3,031$1,605$819$407$36
50 years$5,272$2,895$1,509$757$370$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,400,000, adding $4,478 every year, while hoping to spend $20,415 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: 34/45/21 Blend
69$5,400,000$5,400,000$5,400,000$5,400,000
70$5,955,419$5,669,219$5,585,519$6,119,490
71$6,541,150$5,925,289$5,750,913$6,497,405
72$7,185,942$6,193,223$5,921,162$6,902,468
73$7,895,797$6,473,579$6,096,410$7,338,858
74$8,677,329$6,766,945$6,276,800$7,809,364
75$9,537,826$7,073,935$6,462,483$8,317,037
76$10,485,319$7,395,193$6,653,611$8,865,224
77$11,528,658$7,731,394$6,850,343$9,457,594
78$12,677,593$8,083,244$7,052,841$10,098,170
79$13,942,869$8,451,485$7,261,273$10,791,363
80$15,336,326$8,836,892$7,475,811$11,542,013
81$16,871,012$9,240,280$7,696,631$12,355,432
82$18,561,303$9,662,501$7,923,915$13,237,448
83$20,423,040$10,104,449$8,157,851$14,194,459
84$22,473,683$10,567,059$8,398,632$15,233,490
85$24,732,466$11,051,313$8,646,454$16,362,254
86$27,220,590$11,558,239$8,901,522$17,589,225
87$29,961,413$12,088,916$9,164,046$18,923,708
88$32,980,675$12,644,471$9,434,240$20,375,929
89$36,306,743$13,226,089$9,712,326$21,957,121
90$39,970,875$13,835,011$9,998,532$23,679,633
91$44,007,514$14,472,537$10,293,093$25,557,033
92$48,454,618$15,140,029$10,596,250$27,604,241
93$53,354,015$15,838,916$10,908,250$29,837,655
94$58,751,796$16,570,695$11,229,348$32,275,308
95$64,698,755$17,336,934$11,559,806$34,937,028
96$71,250,863$18,139,279$11,899,895$37,844,621
97$78,469,801$18,979,453$12,249,891$41,022,073
98$86,423,537$19,859,263$12,610,079$44,495,765
99$95,186,974$20,780,604$12,980,753$48,294,718
100$104,842,651$21,745,459$13,362,214$52,450,861