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%11.2%
1 years$478,959$474,692$470,530$466,467$462,500$460,164
2 years$237,108$232,692$228,413$224,263$220,238$217,881
3 years$156,502$152,067$147,798$143,688$139,728$137,422
4 years$116,207$111,785$107,559$103,519$99,655$97,419
5 years$92,036$87,641$83,470$79,512$75,756$73,595
6 years$75,927$71,566$67,456$63,587$59,943$57,861
7 years$64,426$60,101$56,057$52,278$48,750$46,747
8 years$55,803$51,517$47,540$43,855$40,443$38,520
9 years$49,101$44,855$40,947$37,355$34,059$32,215
10 years$43,742$39,538$35,698$32,200$29,020$27,255
11 years$39,360$35,198$31,428$28,024$24,958$23,270
12 years$35,711$31,592$27,892$24,580$21,628$20,016
13 years$32,626$28,550$24,919$21,701$18,860$17,322
14 years$29,984$25,951$22,390$19,264$16,533$15,068
15 years$27,696$23,707$20,215$17,180$14,557$13,163
16 years$25,696$21,750$18,328$15,383$12,865$11,540
17 years$23,933$20,031$16,678$13,821$11,407$10,149
18 years$22,368$18,510$15,225$12,456$10,143$8,949
19 years$20,970$17,155$13,938$11,255$9,040$7,909
20 years$19,712$15,941$12,791$10,193$8,075$7,005
21 years$18,576$14,848$11,765$9,251$7,226$6,214
22 years$17,545$13,860$10,844$8,411$6,477$5,521
23 years$16,605$12,963$10,012$7,660$5,814$4,912
24 years$15,744$12,146$9,260$6,987$5,226$4,375
25 years$14,953$11,398$8,576$6,381$4,703$3,901
26 years$14,225$10,713$7,954$5,834$4,236$3,482
27 years$13,551$10,082$7,386$5,340$3,819$3,110
28 years$12,927$9,500$6,866$4,893$3,446$2,780
29 years$12,347$8,962$6,390$4,487$3,112$2,486
30 years$11,806$8,464$5,952$4,118$2,812$2,225
31 years$11,302$8,001$5,549$3,782$2,542$1,992
32 years$10,830$7,571$5,177$3,476$2,299$1,785
33 years$10,387$7,170$4,834$3,196$2,081$1,599
34 years$9,971$6,795$4,516$2,941$1,884$1,434
35 years$9,580$6,445$4,222$2,707$1,706$1,286
36 years$9,212$6,117$3,950$2,493$1,546$1,153
37 years$8,864$5,810$3,697$2,297$1,401$1,035
38 years$8,535$5,522$3,462$2,117$1,270$929
39 years$8,224$5,250$3,244$1,952$1,152$834
40 years$7,930$4,995$3,040$1,801$1,045$749
41 years$7,650$4,755$2,851$1,661$948$672
42 years$7,384$4,529$2,674$1,533$860$604
43 years$7,132$4,315$2,509$1,415$781$542
44 years$6,891$4,113$2,355$1,307$709$487
45 years$6,662$3,922$2,212$1,207$643$438
46 years$6,444$3,742$2,077$1,115$584$393
47 years$6,235$3,571$1,952$1,030$530$353
48 years$6,036$3,409$1,834$952$482$318
49 years$5,845$3,255$1,724$880$437$285
50 years$5,663$3,109$1,621$813$397$256

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 $6,356 every year, while hoping to spend $33,318 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: 37/33/30 Blend
69$5,800,000$5,800,000$5,800,000$5,800,000
70$6,398,156$6,090,756$6,000,856$6,577,367
71$7,015,318$6,353,753$6,166,435$6,974,075
72$7,694,314$6,628,520$6,336,444$7,398,828
73$8,441,415$6,915,599$6,510,996$7,857,022
74$9,263,533$7,215,557$6,690,207$8,351,709
75$10,168,281$7,528,987$6,874,197$8,886,236
76$11,164,049$7,856,511$7,063,086$9,464,275
77$12,260,081$8,198,779$7,256,999$10,089,861
78$13,466,564$8,556,474$7,456,063$10,767,421
79$14,794,721$8,930,308$7,660,408$11,501,820
80$16,256,918$9,321,029$7,870,168$12,298,399
81$17,866,783$9,729,419$8,085,478$13,163,029
82$19,639,332$10,156,298$8,306,478$14,102,160
83$21,591,110$10,602,522$8,533,312$15,122,877
84$23,740,350$11,068,992$8,766,124$16,232,973
85$26,107,140$11,556,648$9,005,064$17,441,010
86$28,713,619$12,066,474$9,250,284$18,756,404
87$31,584,182$12,599,504$9,501,942$20,189,506
88$34,745,707$13,156,819$9,760,196$21,751,701
89$38,227,816$13,739,550$10,025,209$23,455,508
90$42,063,148$14,348,883$10,297,149$25,314,699
91$46,287,672$14,986,061$10,576,186$27,344,422
92$50,941,020$15,652,384$10,862,494$29,561,342
93$56,066,868$16,349,214$11,156,251$31,983,794
94$61,713,344$17,077,981$11,457,641$34,631,952
95$67,933,481$17,840,178$11,766,847$37,528,016
96$74,785,721$18,637,372$12,084,062$40,696,416
97$82,334,465$19,471,203$12,409,479$44,164,039
98$90,650,680$20,343,392$12,743,296$47,960,477
99$99,812,569$21,255,738$13,085,716$52,118,305
100$109,906,309$22,210,127$13,436,946$56,673,377