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%19%
1 years$445,927$441,955$438,080$434,297$430,604$414,995
2 years$220,756$216,645$212,660$208,797$205,049$189,496
3 years$145,709$141,580$137,605$133,778$130,092$115,081
4 years$108,192$104,076$100,141$96,380$92,783$78,430
5 years$85,689$81,597$77,714$74,029$70,532$56,875
6 years$70,691$66,630$62,804$59,201$55,809$42,858
7 years$59,983$55,956$52,191$48,673$45,388$33,139
8 years$51,955$47,964$44,262$40,830$37,654$26,097
9 years$45,714$41,762$38,123$34,778$31,710$20,830
10 years$40,725$36,811$33,236$29,979$27,018$16,795
11 years$36,645$32,771$29,261$26,091$23,237$13,650
12 years$33,248$29,413$25,968$22,885$20,136$11,162
13 years$30,376$26,581$23,201$20,204$17,559$9,172
14 years$27,916$24,161$20,846$17,935$15,392$7,567
15 years$25,786$22,072$18,821$15,995$13,553$6,263
16 years$23,924$20,250$17,064$14,322$11,978$5,197
17 years$22,283$18,650$15,528$12,868$10,620$4,322
18 years$20,826$17,233$14,175$11,597$9,443$3,600
19 years$19,523$15,972$12,976$10,479$8,417$3,004
20 years$18,353$14,842$11,909$9,490$7,518$2,509
21 years$17,295$13,824$10,954$8,613$6,728$2,098
22 years$16,335$12,905$10,096$7,831$6,031$1,755
23 years$15,459$12,069$9,322$7,132$5,413$1,470
24 years$14,658$11,308$8,621$6,505$4,866$1,231
25 years$13,922$10,612$7,985$5,941$4,378$1,032
26 years$13,244$9,974$7,405$5,432$3,944$866
27 years$12,617$9,386$6,877$4,972$3,556$726
28 years$12,035$8,845$6,393$4,555$3,208$609
29 years$11,495$8,344$5,949$4,177$2,897$511
30 years$10,992$7,880$5,541$3,834$2,618$429
31 years$10,522$7,449$5,166$3,521$2,367$360
32 years$10,083$7,049$4,820$3,236$2,141$303
33 years$9,671$6,675$4,500$2,976$1,937$254
34 years$9,284$6,326$4,205$2,738$1,754$213
35 years$8,920$6,001$3,931$2,520$1,589$179
36 years$8,576$5,695$3,678$2,321$1,440$151
37 years$8,253$5,409$3,442$2,139$1,305$127
38 years$7,947$5,141$3,223$1,971$1,183$106
39 years$7,657$4,888$3,020$1,818$1,073$89
40 years$7,383$4,651$2,831$1,676$973$75
41 years$7,122$4,427$2,654$1,547$883$63
42 years$6,875$4,216$2,490$1,427$801$53
43 years$6,640$4,017$2,336$1,318$727$45
44 years$6,416$3,829$2,193$1,217$660$37
45 years$6,203$3,652$2,059$1,124$599$31
46 years$5,999$3,484$1,934$1,038$544$26
47 years$5,805$3,324$1,817$959$494$22
48 years$5,619$3,174$1,707$886$448$19
49 years$5,442$3,031$1,605$819$407$16
50 years$5,272$2,895$1,509$757$370$13

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 $6,308 every year, while hoping to spend $39,317 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: 58/28/14 Blend
69$5,400,000$5,400,000$5,400,000$5,400,000
70$5,957,307$5,671,107$5,587,407$6,281,327
71$6,523,119$5,907,158$5,732,752$6,737,084
72$7,145,326$6,153,458$5,881,648$7,228,763
73$7,829,640$6,410,467$6,034,174$7,763,812
74$8,582,351$6,678,668$6,190,406$8,346,405
75$9,410,392$6,958,565$6,350,427$8,981,133
76$10,321,402$7,250,684$6,514,316$9,673,044
77$11,323,797$7,555,579$6,682,157$10,427,693
78$12,426,848$7,873,826$6,854,033$11,251,186
79$13,640,773$8,206,031$7,030,030$12,150,246
80$14,976,830$8,552,824$7,210,234$13,132,264
81$16,447,422$8,914,868$7,394,732$14,205,378
82$18,066,218$9,292,856$7,583,615$15,378,539
83$19,848,278$9,687,511$7,776,971$16,661,599
84$21,810,196$10,099,593$7,974,893$18,065,401
85$23,970,257$10,529,894$8,177,474$19,601,878
86$26,348,611$10,979,246$8,384,806$21,284,167
87$28,967,458$11,448,518$8,596,986$23,126,727
88$31,851,264$11,938,620$8,814,110$25,145,476
89$35,026,984$12,450,505$9,036,275$27,357,939
90$38,524,326$12,985,168$9,263,579$29,783,409
91$42,376,021$13,543,655$9,496,122$32,443,128
92$46,618,138$14,127,058$9,734,006$35,360,486
93$51,290,424$14,736,520$9,977,331$38,561,238
94$56,436,676$15,373,238$10,226,200$42,073,745
95$62,105,157$16,038,466$10,480,718$45,929,236
96$68,349,049$16,733,517$10,740,988$50,162,106
97$75,226,956$17,459,764$11,007,115$54,810,230
98$82,803,459$18,218,645$11,279,206$59,915,324
99$91,149,720$19,011,667$11,557,369$65,523,331
100$100,344,160$19,840,407$11,841,709$71,684,851