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%17.4%
1 years$470,701$466,508$462,417$458,425$454,526$440,859
2 years$233,020$228,680$224,474$220,396$216,441$202,787
3 years$153,804$149,445$145,250$141,210$137,319$124,106
4 years$114,203$109,858$105,705$101,734$97,937$85,266
5 years$90,449$86,130$82,031$78,141$74,450$62,356
6 years$74,618$70,332$66,293$62,490$58,910$47,403
7 years$63,315$59,064$55,090$51,377$47,910$36,990
8 years$54,841$50,629$46,721$43,099$39,746$29,406
9 years$48,254$44,082$40,241$36,711$33,472$23,701
10 years$42,987$38,856$35,083$31,645$28,519$19,304
11 years$38,681$34,591$30,886$27,540$24,528$15,852
12 years$35,095$31,047$27,411$24,157$21,255$13,101
13 years$32,063$28,058$24,490$21,327$18,535$10,884
14 years$29,467$25,504$22,004$18,931$16,248$9,080
15 years$27,218$23,298$19,867$16,884$14,306$7,601
16 years$25,253$21,375$18,012$15,117$12,643$6,381
17 years$23,521$19,686$16,390$13,583$11,210$5,369
18 years$21,983$18,191$14,962$12,241$9,968$4,526
19 years$20,608$16,859$13,697$11,061$8,885$3,822
20 years$19,372$15,666$12,571$10,018$7,936$3,232
21 years$18,256$14,592$11,563$9,092$7,102$2,735
22 years$17,242$13,621$10,657$8,266$6,366$2,318
23 years$16,318$12,740$9,840$7,528$5,714$1,965
24 years$15,472$11,936$9,100$6,866$5,136$1,668
25 years$14,695$11,202$8,428$6,271$4,622$1,416
26 years$13,979$10,528$7,817$5,734$4,163$1,203
27 years$13,318$9,908$7,259$5,248$3,753$1,022
28 years$12,704$9,336$6,748$4,808$3,387$869
29 years$12,134$8,808$6,279$4,409$3,058$739
30 years$11,603$8,318$5,849$4,047$2,763$629
31 years$11,107$7,863$5,453$3,717$2,498$535
32 years$10,643$7,440$5,088$3,416$2,260$455
33 years$10,208$7,046$4,750$3,141$2,045$387
34 years$9,799$6,678$4,438$2,890$1,852$330
35 years$9,415$6,334$4,150$2,660$1,677$281
36 years$9,053$6,012$3,882$2,450$1,520$239
37 years$8,711$5,710$3,633$2,257$1,377$203
38 years$8,388$5,426$3,403$2,081$1,249$173
39 years$8,082$5,160$3,188$1,919$1,132$147
40 years$7,793$4,909$2,988$1,770$1,027$126
41 years$7,518$4,673$2,802$1,633$932$107
42 years$7,257$4,451$2,628$1,507$845$91
43 years$7,009$4,241$2,466$1,391$767$78
44 years$6,772$4,042$2,315$1,284$696$66
45 years$6,547$3,855$2,174$1,186$632$56
46 years$6,333$3,677$2,042$1,096$574$48
47 years$6,128$3,509$1,918$1,012$521$41
48 years$5,932$3,350$1,802$935$473$35
49 years$5,744$3,199$1,694$864$430$30
50 years$5,565$3,056$1,593$799$391$25

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 $5,590 every year, while hoping to spend $24,532 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: 64/31/5 Blend
69$5,700,000$5,700,000$5,700,000$5,700,000
70$6,287,166$5,985,066$5,896,716$6,684,735
71$6,902,355$6,252,232$6,068,154$7,216,973
72$7,579,471$6,531,668$6,244,513$7,794,579
73$8,324,805$6,823,947$6,425,932$8,424,739
74$9,145,288$7,129,674$6,612,554$9,112,545
75$10,048,558$7,449,478$6,804,525$9,863,594
76$11,043,031$7,784,023$7,001,997$10,684,047
77$12,137,980$8,133,999$7,205,123$11,580,677
78$13,343,623$8,500,135$7,414,064$12,560,935
79$14,671,221$8,883,189$7,628,983$13,633,018
80$16,133,179$9,283,959$7,850,048$14,805,945
81$17,743,171$9,703,280$8,077,432$16,089,638
82$19,516,260$10,142,027$8,311,312$17,495,016
83$21,469,048$10,601,116$8,551,870$19,034,096
84$23,619,827$11,081,507$8,799,294$20,720,099
85$25,988,755$11,584,207$9,053,776$22,567,581
86$28,598,045$12,110,270$9,315,515$24,592,561
87$31,472,173$12,660,800$9,584,712$26,812,672
88$34,638,112$13,236,956$9,861,577$29,247,323
89$38,125,583$13,839,951$10,146,323$31,917,884
90$41,967,340$14,471,056$10,439,172$34,847,877
91$46,199,473$15,131,603$10,740,349$38,063,205
92$50,861,756$15,822,987$11,050,087$41,592,382
93$55,998,014$16,546,673$11,368,624$45,466,807
94$61,656,543$17,304,192$11,696,205$49,721,054
95$67,890,565$18,097,152$12,033,083$54,393,194
96$74,758,727$18,927,236$12,379,514$59,525,149
97$82,325,655$19,796,209$12,735,766$65,163,090
98$90,662,568$20,705,919$13,102,111$71,357,859
99$99,847,948$21,658,307$13,478,829$78,165,453
100$109,968,276$22,655,402$13,866,208$85,647,543