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

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$462,443$458,324$454,305$450,382$446,552$440,060
2 years$228,932$224,668$220,536$216,530$212,644$206,117
3 years$151,105$146,823$142,702$138,733$134,910$128,551
4 years$112,200$107,931$103,850$99,949$96,219$90,077
5 years$88,862$84,619$80,592$76,771$73,144$67,237
6 years$73,309$69,098$65,130$61,394$57,876$52,211
7 years$62,204$58,028$54,124$50,475$47,069$41,648
8 years$53,879$49,741$45,901$42,343$39,048$33,870
9 years$47,408$43,308$39,535$36,066$32,884$27,946
10 years$42,233$38,174$34,467$31,090$28,019$23,317
11 years$38,003$33,984$30,344$27,057$24,097$19,628
12 years$34,480$30,502$26,930$23,733$20,882$16,639
13 years$31,501$27,565$24,060$20,953$18,210$14,188
14 years$28,950$25,056$21,618$18,599$15,963$12,155
15 years$26,741$22,889$19,518$16,587$14,055$10,455
16 years$24,810$21,000$17,696$14,852$12,422$9,022
17 years$23,108$19,341$16,103$13,345$11,014$7,808
18 years$21,597$17,872$14,700$12,026$9,793$6,773
19 years$20,247$16,563$13,457$10,867$8,729$5,888
20 years$19,033$15,391$12,350$9,842$7,797$5,127
21 years$17,936$14,336$11,360$8,932$6,977$4,471
22 years$16,940$13,383$10,470$8,121$6,254$3,905
23 years$16,032$12,516$9,667$7,396$5,614$3,414
24 years$15,201$11,727$8,940$6,746$5,046$2,987
25 years$14,438$11,005$8,280$6,161$4,541$2,616
26 years$13,734$10,343$7,680$5,633$4,090$2,293
27 years$13,084$9,734$7,131$5,156$3,687$2,011
28 years$12,481$9,172$6,629$4,724$3,327$1,765
29 years$11,921$8,653$6,169$4,332$3,004$1,549
30 years$11,399$8,172$5,746$3,976$2,715$1,361
31 years$10,912$7,725$5,357$3,651$2,454$1,196
32 years$10,456$7,310$4,998$3,356$2,220$1,051
33 years$10,029$6,922$4,667$3,086$2,009$924
34 years$9,627$6,561$4,361$2,839$1,819$813
35 years$9,250$6,223$4,077$2,614$1,648$715
36 years$8,894$5,906$3,814$2,407$1,493$629
37 years$8,558$5,610$3,570$2,218$1,353$553
38 years$8,241$5,331$3,343$2,044$1,227$487
39 years$7,941$5,069$3,132$1,885$1,112$429
40 years$7,656$4,823$2,936$1,739$1,009$377
41 years$7,386$4,591$2,753$1,604$915$332
42 years$7,130$4,372$2,582$1,480$831$293
43 years$6,886$4,166$2,423$1,367$754$258
44 years$6,654$3,971$2,274$1,262$684$227
45 years$6,432$3,787$2,135$1,165$621$200
46 years$6,221$3,613$2,006$1,076$564$176
47 years$6,020$3,447$1,884$994$512$155
48 years$5,828$3,291$1,771$919$465$136
49 years$5,644$3,143$1,664$849$422$120
50 years$5,468$3,002$1,565$785$384$106

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 $3,392 every year, while hoping to spend $53,469 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: 70/17/13 Blend
69$5,600,000$5,600,000$5,600,000$5,600,000
70$6,174,699$5,877,899$5,791,099$6,589,137
71$6,747,628$6,109,025$5,928,210$7,095,811
72$7,377,203$6,349,685$6,068,122$7,643,331
73$8,069,146$6,600,288$6,210,873$8,241,121
74$8,829,761$6,861,265$6,356,500$8,894,125
75$9,665,992$7,133,062$6,505,038$9,607,785
76$10,585,490$7,416,148$6,656,523$10,388,092
77$11,596,684$7,711,014$6,810,991$11,241,640
78$12,708,861$8,018,169$6,968,474$12,175,688
79$13,932,254$8,338,148$7,129,007$13,198,231
80$15,278,136$8,671,509$7,292,621$14,318,068
81$16,758,929$9,018,836$7,459,346$15,544,890
82$18,388,319$9,380,738$7,629,214$16,889,368
83$20,181,386$9,757,853$7,802,251$18,363,251
84$22,154,746$10,150,846$7,978,485$19,979,480
85$24,326,707$10,560,415$8,157,941$21,752,305
86$26,717,441$10,987,285$8,340,642$23,697,421
87$29,349,177$11,432,219$8,526,611$25,832,113
88$32,246,406$11,896,011$8,715,865$28,175,418
89$35,436,117$12,379,492$8,908,424$30,748,307
90$38,948,046$12,883,533$9,104,301$33,573,875
91$42,814,961$13,409,041$9,303,510$36,677,563
92$47,072,970$13,956,966$9,506,060$40,087,397
93$51,761,858$14,528,303$9,711,959$43,834,244
94$56,925,467$15,124,089$9,921,209$47,952,111
95$62,612,108$15,745,412$10,133,812$52,478,457
96$68,875,013$16,393,408$10,349,765$57,454,551
97$75,772,843$17,069,264$10,569,061$62,925,854
98$83,370,239$17,774,223$10,791,690$68,942,449
99$91,738,428$18,509,586$11,017,637$75,559,512
100$100,955,903$19,276,710$11,246,883$82,837,833