Can I retire at age 70 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$462,443$458,324$454,305$450,382$446,552$444,110
2 years$228,932$224,668$220,536$216,530$212,644$210,180
3 years$151,105$146,823$142,702$138,733$134,910$132,500
4 years$112,200$107,931$103,850$99,949$96,219$93,882
5 years$88,862$84,619$80,592$76,771$73,144$70,887
6 years$73,309$69,098$65,130$61,394$57,876$55,702
7 years$62,204$58,028$54,124$50,475$47,069$44,978
8 years$53,879$49,741$45,901$42,343$39,048$37,041
9 years$47,408$43,308$39,535$36,066$32,884$30,960
10 years$42,233$38,174$34,467$31,090$28,019$26,177
11 years$38,003$33,984$30,344$27,057$24,097$22,337
12 years$34,480$30,502$26,930$23,733$20,882$19,201
13 years$31,501$27,565$24,060$20,953$18,210$16,607
14 years$28,950$25,056$21,618$18,599$15,963$14,436
15 years$26,741$22,889$19,518$16,587$14,055$12,602
16 years$24,810$21,000$17,696$14,852$12,422$11,041
17 years$23,108$19,341$16,103$13,345$11,014$9,703
18 years$21,597$17,872$14,700$12,026$9,793$8,550
19 years$20,247$16,563$13,457$10,867$8,729$7,552
20 years$19,033$15,391$12,350$9,842$7,797$6,683
21 years$17,936$14,336$11,360$8,932$6,977$5,924
22 years$16,940$13,383$10,470$8,121$6,254$5,260
23 years$16,032$12,516$9,667$7,396$5,614$4,676
24 years$15,201$11,727$8,940$6,746$5,046$4,162
25 years$14,438$11,005$8,280$6,161$4,541$3,708
26 years$13,734$10,343$7,680$5,633$4,090$3,307
27 years$13,084$9,734$7,131$5,156$3,687$2,951
28 years$12,481$9,172$6,629$4,724$3,327$2,636
29 years$11,921$8,653$6,169$4,332$3,004$2,356
30 years$11,399$8,172$5,746$3,976$2,715$2,107
31 years$10,912$7,725$5,357$3,651$2,454$1,885
32 years$10,456$7,310$4,998$3,356$2,220$1,687
33 years$10,029$6,922$4,667$3,086$2,009$1,510
34 years$9,627$6,561$4,361$2,839$1,819$1,353
35 years$9,250$6,223$4,077$2,614$1,648$1,212
36 years$8,894$5,906$3,814$2,407$1,493$1,087
37 years$8,558$5,610$3,570$2,218$1,353$974
38 years$8,241$5,331$3,343$2,044$1,227$873
39 years$7,941$5,069$3,132$1,885$1,112$783
40 years$7,656$4,823$2,936$1,739$1,009$703
41 years$7,386$4,591$2,753$1,604$915$631
42 years$7,130$4,372$2,582$1,480$831$566
43 years$6,886$4,166$2,423$1,367$754$508
44 years$6,654$3,971$2,274$1,262$684$456
45 years$6,432$3,787$2,135$1,165$621$409
46 years$6,221$3,613$2,006$1,076$564$367
47 years$6,020$3,447$1,884$994$512$330
48 years$5,828$3,291$1,771$919$465$296
49 years$5,644$3,143$1,664$849$422$266
50 years$5,468$3,002$1,565$785$384$239

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,600,000, adding $6,208 every year, while hoping to spend $28,230 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: 69/25/6 Blend
69$5,600,000$5,600,000$5,600,000$5,600,000
70$6,177,604$5,880,804$5,794,004$6,598,311
71$6,777,683$6,138,926$5,958,066$7,135,550
72$7,438,024$6,408,751$6,126,679$7,718,957
73$8,164,743$6,690,821$6,299,964$8,356,341
74$8,964,582$6,985,706$6,478,047$9,052,984
75$9,844,966$7,294,002$6,661,058$9,814,697
76$10,814,077$7,616,334$6,849,129$10,647,875
77$11,880,933$7,953,354$7,042,395$11,559,552
78$13,055,469$8,305,749$7,240,996$12,557,473
79$14,348,632$8,674,236$7,445,074$13,650,159
80$15,772,485$9,059,566$7,654,777$14,846,987
81$17,340,320$9,462,527$7,870,254$16,158,282
82$19,066,785$9,883,942$8,091,659$17,595,405
83$20,968,017$10,324,676$8,319,150$19,170,866
84$23,061,803$10,785,633$8,552,889$20,898,436
85$25,367,739$11,267,761$8,793,043$22,793,273
86$27,907,420$11,772,052$9,039,781$24,872,070
87$30,704,641$12,299,548$9,293,279$27,153,204
88$33,785,626$12,851,336$9,553,715$29,656,910
89$37,179,267$13,428,560$9,821,272$32,405,471
90$40,917,407$14,032,413$10,096,138$35,423,422
91$45,035,131$14,664,150$10,378,508$38,737,785
92$49,571,103$15,325,083$10,668,577$42,378,313
93$54,567,930$16,016,586$10,966,549$46,377,778
94$60,072,562$16,740,102$11,272,631$50,772,270
95$66,136,735$17,497,138$11,587,036$55,601,539
96$72,817,462$18,289,278$11,909,982$60,909,363
97$80,177,569$19,118,179$12,241,692$66,743,964
98$88,286,288$19,985,576$12,582,395$73,158,452
99$97,219,909$20,893,290$12,932,326$80,211,332
100$107,062,506$21,843,227$13,291,725$87,967,044