Can I retire at age 70 with 4,100,000?

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 $4,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$338,574$335,558$332,616$329,744$326,940$316,728
2 years$167,611$164,489$161,464$158,531$155,686$145,488
3 years$110,631$107,496$104,478$101,572$98,773$88,910
4 years$82,146$79,021$76,033$73,177$70,446$60,993
5 years$65,060$61,953$59,005$56,207$53,552$44,534
6 years$53,673$50,589$47,685$44,949$42,374$33,799
7 years$45,542$42,485$39,626$36,955$34,461$26,329
8 years$39,447$36,417$33,606$31,001$28,589$20,894
9 years$34,709$31,708$28,945$26,406$24,076$16,810
10 years$30,921$27,949$25,235$22,762$20,514$13,666
11 years$27,823$24,881$22,216$19,810$17,643$11,200
12 years$25,244$22,332$19,716$17,376$15,289$9,238
13 years$23,063$20,182$17,615$15,340$13,332$7,659
14 years$21,195$18,345$15,827$13,617$11,687$6,376
15 years$19,578$16,758$14,290$12,144$10,290$5,326
16 years$18,165$15,375$12,956$10,874$9,094$4,462
17 years$16,918$14,160$11,790$9,770$8,064$3,746
18 years$15,812$13,085$10,762$8,805$7,170$3,151
19 years$14,823$12,127$9,852$7,956$6,391$2,655
20 years$13,935$11,269$9,042$7,206$5,708$2,239
21 years$13,132$10,496$8,317$6,540$5,108$1,891
22 years$12,402$9,798$7,665$5,946$4,579$1,599
23 years$11,738$9,164$7,078$5,415$4,110$1,353
24 years$11,129$8,586$6,546$4,939$3,694$1,145
25 years$10,570$8,057$6,062$4,510$3,324$970
26 years$10,055$7,573$5,623$4,124$2,994$822
27 years$9,579$7,127$5,221$3,775$2,700$697
28 years$9,138$6,716$4,854$3,459$2,436$591
29 years$8,728$6,335$4,517$3,172$2,200$501
30 years$8,346$5,983$4,207$2,911$1,988$425
31 years$7,989$5,656$3,922$2,673$1,797$361
32 years$7,655$5,352$3,660$2,457$1,625$306
33 years$7,342$5,068$3,417$2,259$1,471$260
34 years$7,049$4,803$3,193$2,079$1,332$221
35 years$6,772$4,556$2,985$1,914$1,206$187
36 years$6,512$4,324$2,792$1,762$1,093$159
37 years$6,266$4,107$2,614$1,624$991$135
38 years$6,034$3,903$2,447$1,497$898$115
39 years$5,814$3,712$2,293$1,380$814$98
40 years$5,605$3,531$2,149$1,273$739$83
41 years$5,408$3,361$2,015$1,174$670$70
42 years$5,220$3,201$1,890$1,084$608$60
43 years$5,041$3,050$1,774$1,000$552$51
44 years$4,871$2,907$1,665$924$501$43
45 years$4,709$2,773$1,563$853$455$37
46 years$4,555$2,645$1,468$788$413$31
47 years$4,408$2,524$1,380$728$375$26
48 years$4,267$2,410$1,296$673$341$22
49 years$4,132$2,301$1,219$622$309$19
50 years$4,003$2,198$1,146$575$281$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,100,000, adding $5,341 every year, while hoping to spend $34,623 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: 60/21/19 Blend
69$4,100,000$4,100,000$4,100,000$4,100,000
70$4,523,709$4,306,409$4,242,859$4,772,456
71$4,948,289$4,480,585$4,348,156$5,115,530
72$5,415,015$4,662,134$4,455,821$5,485,355
73$5,928,151$4,851,383$4,565,895$5,888,038
74$6,492,392$5,048,670$4,678,421$6,326,767
75$7,112,911$5,254,351$4,793,444$6,805,050
76$7,795,411$5,468,796$4,911,007$7,326,746
77$8,546,169$5,692,394$5,031,153$7,896,102
78$9,372,108$5,925,550$5,153,925$8,517,791
79$10,280,851$6,168,690$5,279,369$9,196,958
80$11,280,798$6,422,256$5,407,529$9,939,263
81$12,381,205$6,686,713$5,538,447$10,750,937
82$13,592,272$6,962,546$5,672,169$11,638,839
83$14,925,235$7,250,262$5,808,738$12,610,520
84$16,392,478$7,550,393$5,948,199$13,674,293
85$18,007,642$7,863,494$6,090,595$14,839,309
86$19,785,761$8,190,145$6,235,970$16,115,646
87$21,743,401$8,530,954$6,384,368$17,514,398
88$23,898,814$8,886,557$6,535,830$19,047,783
89$26,272,114$9,257,619$6,690,401$20,729,255
90$28,885,461$9,644,835$6,848,121$22,573,629
91$31,763,279$10,048,932$7,009,034$24,597,221
92$34,932,476$10,470,672$7,173,179$26,818,000
93$38,422,706$10,910,852$7,340,598$29,255,755
94$42,266,643$11,370,305$7,511,329$31,932,284
95$46,500,293$11,849,903$7,685,411$34,871,592
96$51,163,334$12,350,559$7,862,883$38,100,123
97$56,299,484$12,873,227$8,043,780$41,647,003
98$61,956,923$13,418,906$8,228,139$45,544,313
99$68,188,740$13,988,644$8,415,992$49,827,394
100$75,053,437$14,583,532$8,607,373$54,535,176