Can I retire at age 70 with 4,700,000?

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 $4,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$388,122$384,664$381,291$377,999$374,785$360,342
2 years$192,139$188,561$185,093$181,730$178,469$164,090
3 years$126,821$123,227$119,767$116,436$113,228$99,366
4 years$94,168$90,585$87,160$83,886$80,755$67,515
5 years$74,581$71,019$67,640$64,432$61,389$48,805
6 years$61,527$57,993$54,663$51,527$48,575$36,656
7 years$52,207$48,702$45,425$42,363$39,504$28,246
8 years$45,220$41,747$38,524$35,538$32,773$22,165
9 years$39,788$36,348$33,181$30,270$27,599$17,626
10 years$35,446$32,039$28,928$26,093$23,516$14,158
11 years$31,895$28,522$25,468$22,709$20,225$11,461
12 years$28,938$25,600$22,602$19,919$17,526$9,335
13 years$26,438$23,135$20,193$17,585$15,283$7,640
14 years$24,297$21,029$18,144$15,610$13,397$6,276
15 years$22,443$19,211$16,381$13,922$11,796$5,172
16 years$20,823$17,625$14,852$12,465$10,425$4,274
17 years$19,394$16,232$13,515$11,200$9,244$3,538
18 years$18,126$14,999$12,337$10,093$8,219$2,934
19 years$16,993$13,901$11,294$9,120$7,326$2,437
20 years$15,974$12,918$10,365$8,260$6,544$2,026
21 years$15,053$12,032$9,534$7,497$5,856$1,686
22 years$14,217$11,232$8,787$6,816$5,249$1,404
23 years$13,455$10,505$8,113$6,208$4,712$1,170
24 years$12,758$9,842$7,503$5,662$4,235$976
25 years$12,117$9,237$6,950$5,171$3,811$814
26 years$11,527$8,681$6,445$4,728$3,433$679
27 years$10,981$8,170$5,985$4,327$3,095$567
28 years$10,475$7,698$5,564$3,965$2,793$474
29 years$10,005$7,262$5,178$3,636$2,522$396
30 years$9,567$6,859$4,823$3,337$2,278$330
31 years$9,158$6,484$4,496$3,065$2,060$276
32 years$8,776$6,135$4,195$2,816$1,863$231
33 years$8,417$5,810$3,917$2,590$1,686$193
34 years$8,080$5,506$3,660$2,383$1,527$161
35 years$7,763$5,223$3,422$2,194$1,383$135
36 years$7,465$4,957$3,201$2,020$1,253$113
37 years$7,183$4,708$2,996$1,861$1,136$94
38 years$6,917$4,474$2,806$1,716$1,030$79
39 years$6,664$4,255$2,629$1,582$934$66
40 years$6,426$4,048$2,464$1,459$847$55
41 years$6,199$3,853$2,310$1,346$768$46
42 years$5,984$3,670$2,167$1,242$697$38
43 years$5,779$3,497$2,033$1,147$633$32
44 years$5,584$3,333$1,909$1,059$574$27
45 years$5,399$3,178$1,792$978$521$22
46 years$5,222$3,032$1,683$903$473$19
47 years$5,053$2,893$1,581$835$430$16
48 years$4,891$2,762$1,486$771$390$13
49 years$4,737$2,638$1,397$713$355$11
50 years$4,589$2,520$1,313$659$322$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $4,700,000, adding $4,750 every year, while hoping to spend $59,564 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: 45/28/27 Blend
69$4,700,000$4,700,000$4,700,000$4,700,000
70$5,184,300$4,935,200$4,862,350$5,376,939
71$5,649,723$5,113,649$4,961,863$5,692,613
72$6,160,622$5,298,846$5,062,713$6,028,643
73$6,721,575$5,491,058$5,164,883$6,391,927
74$7,337,620$5,690,564$5,268,351$6,785,041
75$8,014,311$5,897,656$5,373,095$7,210,818
76$8,757,764$6,112,635$5,479,087$7,672,372
77$9,574,719$6,335,816$5,586,299$8,173,130
78$10,472,598$6,567,529$5,694,698$8,716,860
79$11,459,581$6,808,116$5,804,248$9,307,709
80$12,544,677$7,057,932$5,914,909$9,950,240
81$13,737,814$7,317,351$6,026,639$10,649,472
82$15,049,929$7,586,759$6,139,389$11,410,929
83$16,493,071$7,866,560$6,253,108$12,240,692
84$18,080,517$8,157,174$6,367,740$13,145,453
85$19,826,896$8,459,042$6,483,225$14,132,577
86$21,748,323$8,772,619$6,599,497$15,210,173
87$23,862,557$9,098,382$6,716,485$16,387,168
88$26,189,164$9,436,828$6,834,113$17,673,390
89$28,749,702$9,788,477$6,952,300$19,079,658
90$31,567,927$10,153,867$7,070,957$20,617,888
91$34,670,011$10,533,563$7,189,990$22,301,199
92$38,084,796$10,928,151$7,309,299$24,144,037
93$41,844,061$11,338,246$7,428,775$26,162,311
94$45,982,820$11,764,485$7,548,305$28,373,543
95$50,539,659$12,207,536$7,667,764$30,797,026
96$55,557,094$12,668,095$7,787,023$33,454,014
97$61,081,971$13,146,885$7,905,943$36,367,913
98$67,165,915$13,644,666$8,024,375$39,564,504
99$73,865,810$14,162,225$8,142,162$43,072,184
100$81,244,336$14,700,388$8,259,138$46,922,232