Can I retire at age 70 with 5,800,000?

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 $5,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$478,959$474,692$470,530$466,467$462,500$453,719
2 years$237,108$232,692$228,413$224,263$220,238$211,425
3 years$156,502$152,067$147,798$143,688$139,728$131,159
4 years$116,207$111,785$107,559$103,519$99,655$91,395
5 years$92,036$87,641$83,470$79,512$75,756$67,829
6 years$75,927$71,566$67,456$63,587$59,943$52,357
7 years$64,426$60,101$56,057$52,278$48,750$41,508
8 years$55,803$51,517$47,540$43,855$40,443$33,542
9 years$49,101$44,855$40,947$37,355$34,059$27,495
10 years$43,742$39,538$35,698$32,200$29,020$22,787
11 years$39,360$35,198$31,428$28,024$24,958$19,049
12 years$35,711$31,592$27,892$24,580$21,628$16,035
13 years$32,626$28,550$24,919$21,701$18,860$13,574
14 years$29,984$25,951$22,390$19,264$16,533$11,543
15 years$27,696$23,707$20,215$17,180$14,557$9,854
16 years$25,696$21,750$18,328$15,383$12,865$8,438
17 years$23,933$20,031$16,678$13,821$11,407$7,246
18 years$22,368$18,510$15,225$12,456$10,143$6,236
19 years$20,970$17,155$13,938$11,255$9,040$5,377
20 years$19,712$15,941$12,791$10,193$8,075$4,644
21 years$18,576$14,848$11,765$9,251$7,226$4,016
22 years$17,545$13,860$10,844$8,411$6,477$3,478
23 years$16,605$12,963$10,012$7,660$5,814$3,015
24 years$15,744$12,146$9,260$6,987$5,226$2,615
25 years$14,953$11,398$8,576$6,381$4,703$2,271
26 years$14,225$10,713$7,954$5,834$4,236$1,973
27 years$13,551$10,082$7,386$5,340$3,819$1,715
28 years$12,927$9,500$6,866$4,893$3,446$1,492
29 years$12,347$8,962$6,390$4,487$3,112$1,298
30 years$11,806$8,464$5,952$4,118$2,812$1,130
31 years$11,302$8,001$5,549$3,782$2,542$984
32 years$10,830$7,571$5,177$3,476$2,299$857
33 years$10,387$7,170$4,834$3,196$2,081$746
34 years$9,971$6,795$4,516$2,941$1,884$650
35 years$9,580$6,445$4,222$2,707$1,706$567
36 years$9,212$6,117$3,950$2,493$1,546$494
37 years$8,864$5,810$3,697$2,297$1,401$431
38 years$8,535$5,522$3,462$2,117$1,270$375
39 years$8,224$5,250$3,244$1,952$1,152$327
40 years$7,930$4,995$3,040$1,801$1,045$286
41 years$7,650$4,755$2,851$1,661$948$249
42 years$7,384$4,529$2,674$1,533$860$217
43 years$7,132$4,315$2,509$1,415$781$189
44 years$6,891$4,113$2,355$1,307$709$165
45 years$6,662$3,922$2,212$1,207$643$144
46 years$6,444$3,742$2,077$1,115$584$126
47 years$6,235$3,571$1,952$1,030$530$110
48 years$6,036$3,409$1,834$952$482$96
49 years$5,845$3,255$1,724$880$437$83
50 years$5,663$3,109$1,621$813$397$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,800,000, adding $6,816 every year, while hoping to spend $36,479 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: 47/37/16 Blend
69$5,800,000$5,800,000$5,800,000$5,800,000
70$6,398,631$6,091,231$6,001,331$6,670,174
71$7,012,478$6,350,888$6,163,562$7,118,992
72$7,687,714$6,622,045$6,330,005$7,601,579
73$8,430,564$6,905,228$6,500,763$8,124,569
74$9,247,884$7,200,986$6,675,941$8,691,744
75$10,147,228$7,509,895$6,855,645$9,307,259
76$11,136,921$7,832,556$7,039,985$9,975,676
77$12,226,136$8,169,599$7,229,073$10,702,010
78$13,424,977$8,521,686$7,423,023$11,491,770
79$14,744,581$8,889,505$7,621,951$12,351,011
80$16,197,219$9,273,780$7,825,976$13,286,388
81$17,796,408$9,675,269$8,035,219$14,305,218
82$19,557,048$10,094,763$8,249,805$15,415,545
83$21,495,554$10,533,093$8,469,860$16,626,215
84$23,630,013$10,991,127$8,695,513$17,946,954
85$25,980,357$11,469,776$8,926,896$19,388,461
86$28,568,549$11,969,990$9,164,143$20,962,504
87$31,418,790$12,492,768$9,407,390$22,682,026
88$34,557,747$13,039,155$9,656,778$24,561,268
89$38,014,806$13,610,242$9,912,449$26,615,900
90$41,822,348$14,207,176$10,174,549$28,863,160
91$46,016,056$14,831,157$10,443,225$31,322,020
92$50,635,249$15,483,438$10,718,628$34,013,358
93$55,723,255$16,165,337$11,000,912$36,960,151
94$61,327,818$16,878,229$11,290,233$40,187,688
95$67,501,551$17,623,559$11,586,752$43,723,807
96$74,302,432$18,402,836$11,890,631$47,599,149
97$81,794,348$19,217,642$12,202,035$51,847,446
98$90,047,700$20,069,636$12,521,132$56,505,833
99$99,140,071$20,960,553$12,848,095$61,615,195
100$109,156,949$21,892,211$13,183,097$67,220,546