Can I retire at age 70 with 5,600,000?

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 $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$462,443$458,324$454,305$450,382$446,552$433,473
2 years$228,932$224,668$220,536$216,530$212,644$199,573
3 years$151,105$146,823$142,702$138,733$134,910$122,257
4 years$112,200$107,931$103,850$99,949$96,219$84,081
5 years$88,862$84,619$80,592$76,771$73,144$61,554
6 years$73,309$69,098$65,130$61,394$57,876$46,845
7 years$62,204$58,028$54,124$50,475$47,069$36,595
8 years$53,879$49,741$45,901$42,343$39,048$29,127
9 years$47,408$43,308$39,535$36,066$32,884$23,505
10 years$42,233$38,174$34,467$31,090$28,019$19,168
11 years$38,003$33,984$30,344$27,057$24,097$15,761
12 years$34,480$30,502$26,930$23,733$20,882$13,043
13 years$31,501$27,565$24,060$20,953$18,210$10,850
14 years$28,950$25,056$21,618$18,599$15,963$9,064
15 years$26,741$22,889$19,518$16,587$14,055$7,598
16 years$24,810$21,000$17,696$14,852$12,422$6,388
17 years$23,108$19,341$16,103$13,345$11,014$5,383
18 years$21,597$17,872$14,700$12,026$9,793$4,545
19 years$20,247$16,563$13,457$10,867$8,729$3,843
20 years$19,033$15,391$12,350$9,842$7,797$3,255
21 years$17,936$14,336$11,360$8,932$6,977$2,759
22 years$16,940$13,383$10,470$8,121$6,254$2,342
23 years$16,032$12,516$9,667$7,396$5,614$1,989
24 years$15,201$11,727$8,940$6,746$5,046$1,690
25 years$14,438$11,005$8,280$6,161$4,541$1,437
26 years$13,734$10,343$7,680$5,633$4,090$1,223
27 years$13,084$9,734$7,131$5,156$3,687$1,041
28 years$12,481$9,172$6,629$4,724$3,327$886
29 years$11,921$8,653$6,169$4,332$3,004$755
30 years$11,399$8,172$5,746$3,976$2,715$643
31 years$10,912$7,725$5,357$3,651$2,454$548
32 years$10,456$7,310$4,998$3,356$2,220$467
33 years$10,029$6,922$4,667$3,086$2,009$398
34 years$9,627$6,561$4,361$2,839$1,819$340
35 years$9,250$6,223$4,077$2,614$1,648$290
36 years$8,894$5,906$3,814$2,407$1,493$247
37 years$8,558$5,610$3,570$2,218$1,353$211
38 years$8,241$5,331$3,343$2,044$1,227$180
39 years$7,941$5,069$3,132$1,885$1,112$153
40 years$7,656$4,823$2,936$1,739$1,009$131
41 years$7,386$4,591$2,753$1,604$915$111
42 years$7,130$4,372$2,582$1,480$831$95
43 years$6,886$4,166$2,423$1,367$754$81
44 years$6,654$3,971$2,274$1,262$684$69
45 years$6,432$3,787$2,135$1,165$621$59
46 years$6,221$3,613$2,006$1,076$564$50
47 years$6,020$3,447$1,884$994$512$43
48 years$5,828$3,291$1,771$919$465$37
49 years$5,644$3,143$1,664$849$422$31
50 years$5,468$3,002$1,565$785$384$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,600,000, adding $5,440 every year, while hoping to spend $45,996 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: 45/38/17 Blend
69$5,600,000$5,600,000$5,600,000$5,600,000
70$6,176,811$5,880,011$5,793,211$6,424,415
71$6,757,907$6,119,193$5,938,345$6,837,252
72$7,396,732$6,368,552$6,086,798$7,279,636
73$8,099,128$6,628,540$6,238,635$7,758,379
74$8,871,527$6,899,627$6,393,918$8,276,870
75$9,721,020$7,182,305$6,552,711$8,838,833
76$10,655,416$7,477,090$6,715,078$9,448,356
77$11,683,319$7,784,519$6,881,084$10,109,934
78$12,814,212$8,105,155$7,050,795$10,828,503
79$14,058,541$8,439,586$7,224,276$11,609,491
80$15,427,816$8,788,429$7,401,592$12,458,863
81$16,934,718$9,152,328$7,582,811$13,383,175
82$18,593,223$9,531,955$7,767,999$14,389,639
83$20,418,726$9,928,016$7,957,222$15,486,182
84$22,428,195$10,341,247$8,150,547$16,681,523
85$24,640,322$10,772,419$8,348,041$17,985,251
86$27,075,706$11,222,339$8,549,772$19,407,915
87$29,757,045$11,691,850$8,755,806$20,961,119
88$32,709,348$12,181,836$8,966,210$22,657,629
89$35,960,174$12,693,218$9,181,051$24,511,491
90$39,539,890$13,226,964$9,400,395$26,538,161
91$43,481,959$13,784,085$9,624,308$28,754,648
92$47,823,252$14,365,639$9,852,855$31,179,670
93$52,604,400$14,972,731$10,086,102$33,833,828
94$57,870,175$15,606,521$10,324,113$36,739,799
95$63,669,913$16,268,221$10,566,951$39,922,542
96$70,057,979$16,959,099$10,814,679$43,409,535
97$77,094,281$17,680,483$11,067,358$47,231,024
98$84,844,833$18,433,762$11,325,050$51,420,312
99$93,382,379$19,220,390$11,587,813$56,014,063
100$102,787,082$20,041,889$11,855,704$61,052,646