Can I retire at age 70 with 4,400,000?

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 $4,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$363,348$360,111$356,954$353,872$350,862$346,048
2 years$179,875$176,525$173,278$170,131$167,077$162,235
3 years$118,726$115,361$112,123$109,004$106,001$101,282
4 years$88,157$84,803$81,597$78,531$75,601$71,041
5 years$69,820$66,486$63,322$60,320$57,470$53,083
6 years$57,600$54,291$51,174$48,238$45,474$41,265
7 years$48,875$45,594$42,526$39,659$36,983$32,953
8 years$42,334$39,082$36,065$33,269$30,681$26,830
9 years$37,249$34,028$31,063$28,338$25,838$22,163
10 years$33,183$29,994$27,081$24,428$22,015$18,515
11 years$29,859$26,702$23,842$21,259$18,934$15,605
12 years$27,091$23,966$21,159$18,647$16,407$13,246
13 years$24,751$21,658$18,904$16,463$14,308$11,309
14 years$22,746$19,687$16,986$14,614$12,542$9,701
15 years$21,011$17,984$15,336$13,033$11,043$8,356
16 years$19,494$16,500$13,904$11,670$9,760$7,221
17 years$18,156$15,196$12,652$10,485$8,654$6,258
18 years$16,969$14,042$11,550$9,449$7,694$5,437
19 years$15,908$13,014$10,573$8,538$6,858$4,733
20 years$14,954$12,093$9,704$7,733$6,126$4,128
21 years$14,092$11,264$8,925$7,018$5,482$3,605
22 years$13,310$10,515$8,226$6,381$4,914$3,153
23 years$12,597$9,834$7,595$5,811$4,411$2,761
24 years$11,944$9,214$7,024$5,300$3,965$2,419
25 years$11,344$8,647$6,506$4,841$3,568$2,122
26 years$10,791$8,127$6,034$4,426$3,214$1,863
27 years$10,280$7,648$5,603$4,051$2,897$1,637
28 years$9,807$7,207$5,209$3,712$2,614$1,439
29 years$9,367$6,799$4,847$3,404$2,361$1,265
30 years$8,956$6,421$4,515$3,124$2,133$1,113
31 years$8,574$6,070$4,209$2,869$1,928$980
32 years$8,216$5,743$3,927$2,637$1,744$862
33 years$7,880$5,439$3,667$2,425$1,579$759
34 years$7,564$5,155$3,426$2,231$1,429$669
35 years$7,268$4,889$3,203$2,054$1,295$589
36 years$6,988$4,641$2,997$1,891$1,173$519
37 years$6,724$4,408$2,805$1,743$1,063$458
38 years$6,475$4,189$2,627$1,606$964$404
39 years$6,239$3,983$2,461$1,481$874$356
40 years$6,015$3,790$2,306$1,366$793$314
41 years$5,803$3,607$2,163$1,260$719$277
42 years$5,602$3,436$2,029$1,163$653$244
43 years$5,410$3,273$1,904$1,074$592$215
44 years$5,228$3,120$1,787$991$538$190
45 years$5,054$2,975$1,678$916$488$168
46 years$4,888$2,838$1,576$846$443$148
47 years$4,730$2,709$1,481$781$402$130
48 years$4,579$2,586$1,391$722$365$115
49 years$4,434$2,469$1,308$667$332$102
50 years$4,296$2,359$1,229$617$301$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,400,000, adding $3,366 every year, while hoping to spend $30,218 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: 56/27/17 Blend
69$4,400,000$4,400,000$4,400,000$4,400,000
70$4,852,272$4,619,072$4,550,872$5,101,995
71$5,315,052$4,813,255$4,671,175$5,466,430
72$5,824,023$5,015,940$4,794,494$5,859,676
73$6,383,864$5,227,512$4,920,901$6,287,377
74$6,999,731$5,448,373$5,050,464$6,752,842
75$7,677,306$5,678,945$5,183,256$7,259,707
76$8,422,846$5,919,668$5,319,351$7,811,973
77$9,243,249$6,171,005$5,458,821$8,414,040
78$10,146,113$6,433,436$5,601,744$9,070,748
79$11,139,810$6,707,469$5,748,197$9,787,419
80$12,233,567$6,993,631$5,898,258$10,569,912
81$13,437,549$7,292,477$6,052,007$11,424,670
82$14,762,955$7,604,584$6,209,526$12,358,783
83$16,222,128$7,930,561$6,370,896$13,380,054
84$17,828,668$8,271,041$6,536,204$14,497,072
85$19,597,558$8,626,688$6,705,533$15,719,285
86$21,545,313$8,998,199$6,878,972$17,057,097
87$23,690,125$9,386,302$7,056,608$18,521,959
88$26,052,045$9,791,757$7,238,531$20,126,473
89$28,653,164$10,215,365$7,424,833$21,884,517
90$31,517,828$10,657,959$7,615,606$23,811,367
91$34,672,862$11,120,414$7,810,945$25,923,842
92$38,147,826$11,603,647$8,010,944$28,240,460
93$41,975,295$12,108,615$8,215,700$30,781,611
94$46,191,161$12,636,323$8,425,312$33,569,750
95$50,834,978$13,187,822$8,639,879$36,629,599
96$55,950,333$13,764,213$8,859,502$39,988,387
97$61,585,255$14,366,647$9,084,284$43,676,097
98$67,792,671$14,996,333$9,314,327$47,725,754
99$74,630,903$15,654,533$9,549,737$52,173,724
100$82,164,222$16,342,571$9,790,619$57,060,064