Can I retire at age 70 with 5,500,000?

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 $5,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$454,185$450,139$446,192$442,340$438,578$432,739
2 years$224,844$220,656$216,598$212,663$208,847$202,973
3 years$148,407$144,201$140,153$136,255$132,501$126,776
4 years$110,196$106,003$101,996$98,164$94,501$88,968
5 years$87,275$83,108$79,153$75,400$71,838$66,513
6 years$72,000$67,864$63,967$60,298$56,843$51,733
7 years$61,093$56,992$53,157$49,574$46,229$41,335
8 years$52,917$48,853$45,081$41,586$38,351$33,674
9 years$46,561$42,535$38,829$35,422$32,297$27,834
10 years$41,479$37,493$33,852$30,534$27,519$23,266
11 years$37,324$33,377$29,802$26,574$23,667$19,621
12 years$33,864$29,958$26,449$23,309$20,509$16,666
13 years$30,938$27,073$23,630$20,578$17,885$14,238
14 years$28,433$24,609$21,232$18,267$15,677$12,222
15 years$26,263$22,480$19,170$16,291$13,804$10,534
16 years$24,367$20,625$17,380$14,587$12,200$9,110
17 years$22,696$18,995$15,815$13,106$10,817$7,901
18 years$21,211$17,552$14,437$11,811$9,618$6,869
19 years$19,885$16,267$13,217$10,673$8,573$5,984
20 years$18,693$15,116$12,130$9,666$7,657$5,222
21 years$17,615$14,080$11,157$8,773$6,853$4,565
22 years$16,637$13,144$10,283$7,976$6,142$3,995
23 years$15,746$12,293$9,494$7,264$5,514$3,501
24 years$14,930$11,518$8,781$6,625$4,956$3,071
25 years$14,180$10,809$8,133$6,051$4,459$2,696
26 years$13,489$10,158$7,543$5,532$4,017$2,368
27 years$12,850$9,560$7,004$5,064$3,622$2,082
28 years$12,258$9,009$6,511$4,640$3,268$1,831
29 years$11,708$8,499$6,059$4,255$2,951$1,612
30 years$11,196$8,026$5,644$3,905$2,666$1,419
31 years$10,717$7,587$5,262$3,586$2,411$1,250
32 years$10,269$7,179$4,909$3,296$2,180$1,102
33 years$9,850$6,799$4,584$3,031$1,973$971
34 years$9,456$6,444$4,283$2,789$1,787$856
35 years$9,085$6,112$4,004$2,567$1,618$755
36 years$8,735$5,801$3,746$2,364$1,466$666
37 years$8,405$5,510$3,506$2,178$1,329$587
38 years$8,094$5,236$3,283$2,008$1,205$518
39 years$7,799$4,979$3,076$1,851$1,092$457
40 years$7,519$4,737$2,883$1,708$991$404
41 years$7,254$4,509$2,703$1,575$899$356
42 years$7,002$4,294$2,536$1,454$816$315
43 years$6,763$4,092$2,380$1,342$740$278
44 years$6,535$3,900$2,234$1,239$672$245
45 years$6,318$3,719$2,097$1,144$610$216
46 years$6,110$3,548$1,970$1,057$554$191
47 years$5,913$3,386$1,851$977$503$169
48 years$5,724$3,232$1,739$902$457$149
49 years$5,543$3,087$1,635$834$415$132
50 years$5,370$2,949$1,537$771$377$116

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,500,000, adding $2,577 every year, while hoping to spend $36,779 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: 49/27/24 Blend
69$5,500,000$5,500,000$5,500,000$5,500,000
70$6,063,658$5,772,158$5,686,908$6,319,494
71$6,643,019$6,015,861$5,838,287$6,741,887
72$7,280,241$6,270,273$5,993,504$7,196,619
73$7,981,189$6,535,880$6,152,650$7,689,910
74$8,752,322$6,813,190$6,315,816$8,225,414
75$9,600,758$7,102,735$6,483,094$8,807,148
76$10,534,339$7,405,072$6,654,581$9,439,529
77$11,561,705$7,720,785$6,830,373$10,127,412
78$12,692,378$8,050,482$7,010,570$10,876,134
79$13,936,848$8,394,803$7,195,272$11,691,568
80$15,306,674$8,754,416$7,384,581$12,580,169
81$16,814,593$9,130,021$7,578,603$13,549,039
82$18,474,639$9,522,349$7,777,443$14,605,989
83$20,302,276$9,932,168$7,981,211$15,759,616
84$22,314,543$10,360,279$8,190,016$17,019,373
85$24,530,216$10,807,523$8,403,972$18,395,666
86$26,969,986$11,274,779$8,623,193$19,899,945
87$29,656,649$11,762,967$8,847,794$21,544,809
88$32,615,327$12,273,052$9,077,895$23,344,126
89$35,873,701$12,806,043$9,313,615$25,313,159
90$39,462,276$13,362,996$9,555,079$27,468,709
91$43,414,663$13,945,018$9,802,409$29,829,271
92$47,767,901$14,553,267$10,055,732$32,415,205
93$52,562,806$15,188,956$10,315,178$35,248,925
94$57,844,351$15,853,354$10,580,876$38,355,109
95$63,662,099$16,547,793$10,852,959$41,760,929
96$70,070,663$17,273,664$11,131,563$45,496,303
97$77,130,223$18,032,426$11,416,823$49,594,176
98$84,907,098$18,825,607$11,708,878$54,090,823
99$93,474,366$19,654,805$12,007,870$59,026,195
100$102,912,558$20,521,697$12,313,940$64,444,287