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

Use the below retirement simulation to view the chances of a successful retirement.
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%13.9%
1 years$454,185$450,139$446,192$442,340$438,578$431,490
2 years$224,844$220,656$216,598$212,663$208,847$201,725
3 years$148,407$144,201$140,153$136,255$132,501$125,567
4 years$110,196$106,003$101,996$98,164$94,501$87,809
5 years$87,275$83,108$79,153$75,400$71,838$65,407
6 years$72,000$67,864$63,967$60,298$56,843$50,680
7 years$61,093$56,992$53,157$49,574$46,229$40,336
8 years$52,917$48,853$45,081$41,586$38,351$32,727
9 years$46,561$42,535$38,829$35,422$32,297$26,939
10 years$41,479$37,493$33,852$30,534$27,519$22,423
11 years$37,324$33,377$29,802$26,574$23,667$18,827
12 years$33,864$29,958$26,449$23,309$20,509$15,920
13 years$30,938$27,073$23,630$20,578$17,885$13,539
14 years$28,433$24,609$21,232$18,267$15,677$11,568
15 years$26,263$22,480$19,170$16,291$13,804$9,922
16 years$24,367$20,625$17,380$14,587$12,200$8,539
17 years$22,696$18,995$15,815$13,106$10,817$7,369
18 years$21,211$17,552$14,437$11,811$9,618$6,374
19 years$19,885$16,267$13,217$10,673$8,573$5,525
20 years$18,693$15,116$12,130$9,666$7,657$4,796
21 years$17,615$14,080$11,157$8,773$6,853$4,170
22 years$16,637$13,144$10,283$7,976$6,142$3,631
23 years$15,746$12,293$9,494$7,264$5,514$3,164
24 years$14,930$11,518$8,781$6,625$4,956$2,760
25 years$14,180$10,809$8,133$6,051$4,459$2,410
26 years$13,489$10,158$7,543$5,532$4,017$2,105
27 years$12,850$9,560$7,004$5,064$3,622$1,841
28 years$12,258$9,009$6,511$4,640$3,268$1,610
29 years$11,708$8,499$6,059$4,255$2,951$1,409
30 years$11,196$8,026$5,644$3,905$2,666$1,233
31 years$10,717$7,587$5,262$3,586$2,411$1,080
32 years$10,269$7,179$4,909$3,296$2,180$946
33 years$9,850$6,799$4,584$3,031$1,973$829
34 years$9,456$6,444$4,283$2,789$1,787$727
35 years$9,085$6,112$4,004$2,567$1,618$637
36 years$8,735$5,801$3,746$2,364$1,466$559
37 years$8,405$5,510$3,506$2,178$1,329$490
38 years$8,094$5,236$3,283$2,008$1,205$430
39 years$7,799$4,979$3,076$1,851$1,092$377
40 years$7,519$4,737$2,883$1,708$991$331
41 years$7,254$4,509$2,703$1,575$899$290
42 years$7,002$4,294$2,536$1,454$816$255
43 years$6,763$4,092$2,380$1,342$740$223
44 years$6,535$3,900$2,234$1,239$672$196
45 years$6,318$3,719$2,097$1,144$610$172
46 years$6,110$3,548$1,970$1,057$554$151
47 years$5,913$3,386$1,851$977$503$133
48 years$5,724$3,232$1,739$902$457$116
49 years$5,543$3,087$1,635$834$415$102
50 years$5,370$2,949$1,537$771$377$90

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 $6,506 every year, while hoping to spend $29,442 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: 50/20/30 Blend
69$5,500,000$5,500,000$5,500,000$5,500,000
70$6,067,711$5,776,211$5,690,961$6,319,165
71$6,655,291$6,027,919$5,850,282$6,747,822
72$7,301,818$6,290,974$6,013,954$7,210,064
73$8,013,273$6,565,901$6,182,090$7,711,958
74$8,796,246$6,853,250$6,354,810$8,257,288
75$9,658,000$7,153,596$6,532,232$8,850,214
76$10,606,535$7,467,541$6,714,482$9,495,308
77$11,650,669$7,795,718$6,901,684$10,197,600
78$12,800,115$8,138,786$7,093,968$10,962,623
79$14,065,580$8,497,439$7,291,469$11,796,461
80$15,458,856$8,872,402$7,494,321$12,705,808
81$16,992,943$9,264,432$7,702,664$13,698,027
82$18,682,161$9,674,327$7,916,641$14,781,221
83$20,542,291$10,102,919$8,136,398$15,964,305
84$22,590,723$10,551,080$8,362,085$17,257,091
85$24,846,618$11,019,724$8,593,856$18,670,376
86$27,331,091$11,509,809$8,831,869$20,216,044
87$30,067,409$12,022,336$9,076,283$21,907,175
88$33,081,210$12,558,356$9,327,264$23,758,169
89$36,400,748$13,118,970$9,584,982$25,784,874
90$40,057,153$13,705,329$9,849,608$28,004,741
91$44,084,734$14,318,641$10,121,321$30,436,982
92$48,521,293$14,960,170$10,400,301$33,102,746
93$53,408,488$15,631,242$10,686,734$36,025,324
94$58,792,224$16,333,244$10,980,811$39,230,360
95$64,723,089$17,067,630$11,282,725$42,746,091
96$71,256,824$17,835,924$11,592,676$46,603,615
97$78,454,857$18,639,721$11,910,868$50,837,175
98$86,384,880$19,480,695$12,237,510$55,484,486
99$95,121,485$20,360,596$12,572,814$60,587,081
100$104,746,872$21,281,262$12,916,999$66,190,707