Can I retire at age 70 with 3,600,000?

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 $3,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$297,285$294,637$292,053$289,531$287,069$279,449
2 years$147,171$144,430$141,773$139,198$136,700$129,076
3 years$97,139$94,386$91,737$89,185$86,728$79,339
4 years$72,128$69,384$66,761$64,253$61,855$54,758
5 years$57,126$54,398$51,809$49,352$47,021$40,235
6 years$47,127$44,420$41,869$39,468$37,206$30,738
7 years$39,988$37,304$34,794$32,448$30,259$24,108
8 years$34,637$31,976$29,508$27,220$25,102$19,267
9 years$30,476$27,841$25,415$23,186$21,140$15,614
10 years$27,150$24,541$22,157$19,986$18,012$12,789
11 years$24,430$21,847$19,507$17,394$15,491$10,563
12 years$22,165$19,609$17,312$15,257$13,424$8,782
13 years$20,251$17,721$15,467$13,470$11,706$7,340
14 years$18,611$16,107$13,897$11,957$10,262$6,162
15 years$17,191$14,714$12,547$10,663$9,035$5,191
16 years$15,949$13,500$11,376$9,548$7,985$4,386
17 years$14,855$12,433$10,352$8,579$7,080$3,714
18 years$13,884$11,489$9,450$7,731$6,295$3,152
19 years$13,016$10,648$8,651$6,986$5,611$2,680
20 years$12,235$9,894$7,939$6,327$5,012$2,282
21 years$11,530$9,216$7,303$5,742$4,485$1,945
22 years$10,890$8,603$6,731$5,221$4,020$1,659
23 years$10,306$8,046$6,214$4,755$3,609$1,417
24 years$9,772$7,539$5,747$4,337$3,244$1,211
25 years$9,281$7,075$5,323$3,960$2,919$1,036
26 years$8,829$6,649$4,937$3,621$2,629$886
27 years$8,411$6,258$4,584$3,315$2,371$759
28 years$8,024$5,897$4,262$3,037$2,139$650
29 years$7,664$5,563$3,966$2,785$1,931$557
30 years$7,328$5,253$3,694$2,556$1,745$477
31 years$7,015$4,966$3,444$2,347$1,578$409
32 years$6,722$4,699$3,213$2,157$1,427$350
33 years$6,447$4,450$3,000$1,984$1,292$301
34 years$6,189$4,218$2,803$1,825$1,169$258
35 years$5,946$4,000$2,621$1,680$1,059$221
36 years$5,718$3,797$2,452$1,547$960$190
37 years$5,502$3,606$2,295$1,426$870$163
38 years$5,298$3,427$2,149$1,314$789$140
39 years$5,105$3,259$2,013$1,212$715$120
40 years$4,922$3,101$1,887$1,118$649$103
41 years$4,748$2,951$1,770$1,031$588$88
42 years$4,583$2,811$1,660$952$534$76
43 years$4,427$2,678$1,558$878$485$65
44 years$4,277$2,553$1,462$811$440$56
45 years$4,135$2,434$1,373$749$399$48
46 years$3,999$2,322$1,289$692$363$41
47 years$3,870$2,216$1,211$639$329$35
48 years$3,746$2,116$1,138$591$299$30
49 years$3,628$2,020$1,070$546$272$26
50 years$3,515$1,930$1,006$505$247$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $3,600,000, adding $3,131 every year, while hoping to spend $48,683 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: 32/48/20 Blend
69$3,600,000$3,600,000$3,600,000$3,600,000
70$3,970,430$3,779,630$3,723,830$4,072,764
71$4,323,615$3,913,033$3,796,780$4,283,020
72$4,711,194$4,051,342$3,870,542$4,504,687
73$5,136,623$4,194,745$3,945,092$4,742,431
74$5,603,709$4,343,438$4,020,403$4,997,691
75$6,116,648$4,497,627$4,096,447$5,272,041
76$6,680,059$4,657,523$4,173,191$5,567,213
77$7,299,032$4,823,350$4,250,601$5,885,105
78$7,979,176$4,995,336$4,328,638$6,227,803
79$8,726,667$5,173,722$4,407,262$6,597,599
80$9,548,311$5,358,759$4,486,430$6,997,008
81$10,451,605$5,550,705$4,566,092$7,428,796
82$11,444,811$5,749,831$4,646,198$7,896,002
83$12,537,029$5,956,420$4,726,693$8,401,966
84$13,738,285$6,170,764$4,807,516$8,950,359
85$15,059,628$6,393,170$4,888,606$9,545,217
86$16,513,229$6,623,954$4,969,893$10,190,980
87$18,112,499$6,863,448$5,051,305$10,892,528
88$19,872,215$7,111,998$5,132,765$11,655,230
89$21,808,657$7,369,962$5,214,189$12,484,992
90$23,939,765$7,637,715$5,295,489$13,388,308
91$26,285,305$7,915,647$5,376,572$14,372,328
92$28,867,056$8,204,163$5,457,336$15,444,915
93$31,709,015$8,503,687$5,537,677$16,614,724
94$34,837,627$8,814,660$5,617,481$17,891,276
95$38,282,027$9,137,540$5,696,629$19,285,056
96$42,074,321$9,472,807$5,774,993$20,807,598
97$46,249,886$9,820,959$5,852,440$22,471,602
98$50,847,705$10,182,516$5,928,827$24,291,046
99$55,910,731$10,558,020$6,004,003$26,281,322
100$61,486,298$10,948,035$6,077,809$28,459,370