Can I retire at age 70 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$470,701$466,508$462,417$458,425$454,526$443,899
2 years$233,020$228,680$224,474$220,396$216,441$205,794
3 years$153,804$149,445$145,250$141,210$137,319$126,986
4 years$114,203$109,858$105,705$101,734$97,937$87,997
5 years$90,449$86,130$82,031$78,141$74,450$64,931
6 years$74,618$70,332$66,293$62,490$58,910$49,822
7 years$63,315$59,064$55,090$51,377$47,910$39,253
8 years$54,841$50,629$46,721$43,099$39,746$31,518
9 years$48,254$44,082$40,241$36,711$33,472$25,666
10 years$42,987$38,856$35,083$31,645$28,519$21,127
11 years$38,681$34,591$30,886$27,540$24,528$17,539
12 years$35,095$31,047$27,411$24,157$21,255$14,658
13 years$32,063$28,058$24,490$21,327$18,535$12,318
14 years$29,467$25,504$22,004$18,931$16,248$10,397
15 years$27,218$23,298$19,867$16,884$14,306$8,808
16 years$25,253$21,375$18,012$15,117$12,643$7,484
17 years$23,521$19,686$16,390$13,583$11,210$6,376
18 years$21,983$18,191$14,962$12,241$9,968$5,443
19 years$20,608$16,859$13,697$11,061$8,885$4,655
20 years$19,372$15,666$12,571$10,018$7,936$3,987
21 years$18,256$14,592$11,563$9,092$7,102$3,420
22 years$17,242$13,621$10,657$8,266$6,366$2,936
23 years$16,318$12,740$9,840$7,528$5,714$2,523
24 years$15,472$11,936$9,100$6,866$5,136$2,170
25 years$14,695$11,202$8,428$6,271$4,622$1,868
26 years$13,979$10,528$7,817$5,734$4,163$1,609
27 years$13,318$9,908$7,259$5,248$3,753$1,386
28 years$12,704$9,336$6,748$4,808$3,387$1,195
29 years$12,134$8,808$6,279$4,409$3,058$1,030
30 years$11,603$8,318$5,849$4,047$2,763$889
31 years$11,107$7,863$5,453$3,717$2,498$767
32 years$10,643$7,440$5,088$3,416$2,260$662
33 years$10,208$7,046$4,750$3,141$2,045$571
34 years$9,799$6,678$4,438$2,890$1,852$493
35 years$9,415$6,334$4,150$2,660$1,677$426
36 years$9,053$6,012$3,882$2,450$1,520$368
37 years$8,711$5,710$3,633$2,257$1,377$318
38 years$8,388$5,426$3,403$2,081$1,249$274
39 years$8,082$5,160$3,188$1,919$1,132$237
40 years$7,793$4,909$2,988$1,770$1,027$205
41 years$7,518$4,673$2,802$1,633$932$177
42 years$7,257$4,451$2,628$1,507$845$153
43 years$7,009$4,241$2,466$1,391$767$132
44 years$6,772$4,042$2,315$1,284$696$114
45 years$6,547$3,855$2,174$1,186$632$99
46 years$6,333$3,677$2,042$1,096$574$85
47 years$6,128$3,509$1,918$1,012$521$74
48 years$5,932$3,350$1,802$935$473$64
49 years$5,744$3,199$1,694$864$430$55
50 years$5,565$3,056$1,593$799$391$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,700,000, adding $4,055 every year, while hoping to spend $36,032 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: 55/26/19 Blend
69$5,700,000$5,700,000$5,700,000$5,700,000
70$6,285,583$5,983,483$5,895,133$6,598,910
71$6,888,374$6,238,336$6,054,282$7,068,220
72$7,551,443$6,504,469$6,217,555$7,574,843
73$8,280,899$6,782,397$6,385,052$8,125,752
74$9,083,475$7,072,658$6,556,875$8,725,196
75$9,966,588$7,375,817$6,733,129$9,377,844
76$10,938,412$7,692,463$6,913,920$10,088,832
77$12,007,951$8,023,215$7,099,358$10,863,809
78$13,185,128$8,368,719$7,289,553$11,708,986
79$14,480,878$8,729,653$7,484,619$12,631,198
80$15,907,246$9,106,724$7,684,672$13,637,962
81$17,477,507$9,500,676$7,889,831$14,737,549
82$19,206,287$9,912,284$8,100,215$15,939,061
83$21,109,705$10,342,363$8,315,949$17,252,513
84$23,205,520$10,791,763$8,537,158$18,688,925
85$25,513,300$11,261,376$8,763,970$20,260,427
86$28,054,609$11,752,137$8,996,516$21,980,368
87$30,853,209$12,265,021$9,234,929$23,863,445
88$33,935,283$12,801,053$9,479,345$25,925,831
89$37,329,682$13,361,305$9,729,904$28,185,334
90$41,068,199$13,946,899$9,986,745$30,661,558
91$45,185,869$14,559,010$10,250,014$33,376,085
92$49,721,295$15,198,869$10,519,857$36,352,678
93$54,717,018$15,867,764$10,796,423$39,617,502
94$60,219,915$16,567,046$11,079,865$43,199,368
95$66,281,644$17,298,129$11,370,338$47,130,002
96$72,959,126$18,062,492$11,667,999$51,444,338
97$80,315,090$18,861,687$11,973,010$56,180,851
98$88,418,657$19,697,338$12,285,534$61,381,910
99$97,345,999$20,571,146$12,605,737$67,094,180
100$107,181,051$21,484,892$12,933,790$73,369,055