Can I retire at age 70 with 5,700,000?

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 $5,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$470,701$466,508$462,417$458,425$454,526$441,569
2 years$233,020$228,680$224,474$220,396$216,441$203,488
3 years$153,804$149,445$145,250$141,210$137,319$124,776
4 years$114,203$109,858$105,705$101,734$97,937$85,900
5 years$90,449$86,130$82,031$78,141$74,450$62,952
6 years$74,618$70,332$66,293$62,490$58,910$47,961
7 years$63,315$59,064$55,090$51,377$47,910$37,510
8 years$54,841$50,629$46,721$43,099$39,746$29,890
9 years$48,254$44,082$40,241$36,711$33,472$24,150
10 years$42,987$38,856$35,083$31,645$28,519$19,719
11 years$38,681$34,591$30,886$27,540$24,528$16,234
12 years$35,095$31,047$27,411$24,157$21,255$13,453
13 years$32,063$28,058$24,490$21,327$18,535$11,206
14 years$29,467$25,504$22,004$18,931$16,248$9,375
15 years$27,218$23,298$19,867$16,884$14,306$7,870
16 years$25,253$21,375$18,012$15,117$12,643$6,625
17 years$23,521$19,686$16,390$13,583$11,210$5,591
18 years$21,983$18,191$14,962$12,241$9,968$4,727
19 years$20,608$16,859$13,697$11,061$8,885$4,004
20 years$19,372$15,666$12,571$10,018$7,936$3,396
21 years$18,256$14,592$11,563$9,092$7,102$2,883
22 years$17,242$13,621$10,657$8,266$6,366$2,451
23 years$16,318$12,740$9,840$7,528$5,714$2,085
24 years$15,472$11,936$9,100$6,866$5,136$1,775
25 years$14,695$11,202$8,428$6,271$4,622$1,512
26 years$13,979$10,528$7,817$5,734$4,163$1,288
27 years$13,318$9,908$7,259$5,248$3,753$1,098
28 years$12,704$9,336$6,748$4,808$3,387$937
29 years$12,134$8,808$6,279$4,409$3,058$799
30 years$11,603$8,318$5,849$4,047$2,763$682
31 years$11,107$7,863$5,453$3,717$2,498$582
32 years$10,643$7,440$5,088$3,416$2,260$497
33 years$10,208$7,046$4,750$3,141$2,045$424
34 years$9,799$6,678$4,438$2,890$1,852$362
35 years$9,415$6,334$4,150$2,660$1,677$310
36 years$9,053$6,012$3,882$2,450$1,520$264
37 years$8,711$5,710$3,633$2,257$1,377$226
38 years$8,388$5,426$3,403$2,081$1,249$193
39 years$8,082$5,160$3,188$1,919$1,132$165
40 years$7,793$4,909$2,988$1,770$1,027$141
41 years$7,518$4,673$2,802$1,633$932$120
42 years$7,257$4,451$2,628$1,507$845$103
43 years$7,009$4,241$2,466$1,391$767$88
44 years$6,772$4,042$2,315$1,284$696$75
45 years$6,547$3,855$2,174$1,186$632$64
46 years$6,333$3,677$2,042$1,096$574$55
47 years$6,128$3,509$1,918$1,012$521$47
48 years$5,932$3,350$1,802$935$473$40
49 years$5,744$3,199$1,694$864$430$34
50 years$5,565$3,056$1,593$799$391$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $5,700,000, adding $3,629 every year, while hoping to spend $41,315 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: 45/37/18 Blend
69$5,700,000$5,700,000$5,700,000$5,700,000
70$6,285,143$5,983,043$5,894,693$6,535,329
71$6,882,269$6,232,254$6,048,207$6,960,069
72$7,538,917$6,492,290$6,205,478$7,415,983
73$8,261,115$6,763,641$6,366,590$7,909,512
74$9,055,503$7,046,814$6,531,625$8,444,162
75$9,929,400$7,342,343$6,700,670$9,023,785
76$10,890,866$7,650,785$6,873,810$9,652,611
77$11,948,785$7,972,724$7,051,133$10,335,288
78$13,112,943$8,308,771$7,232,729$11,076,923
79$14,394,126$8,659,562$7,418,687$11,883,128
80$15,804,214$9,025,769$7,609,101$12,760,074
81$17,356,301$9,408,088$7,804,063$13,714,540
82$19,064,812$9,807,253$8,003,667$14,753,984
83$20,945,644$10,224,030$8,208,011$15,886,602
84$23,016,312$10,659,219$8,417,192$17,121,411
85$25,296,116$11,113,661$8,631,307$18,468,325
86$27,806,322$11,588,232$8,850,458$19,938,250
87$30,570,364$12,083,853$9,074,746$21,543,183
88$33,614,064$12,601,485$9,304,273$23,296,320
89$36,965,875$13,142,134$9,539,143$25,212,183
90$40,657,151$13,706,856$9,779,461$27,306,748
91$44,722,441$14,296,752$10,025,334$29,597,597
92$49,199,816$14,912,979$10,276,868$32,104,076
93$54,131,228$15,556,745$10,534,173$34,847,481
94$59,562,903$16,229,316$10,797,359$37,851,246
95$65,545,784$16,932,017$11,066,535$41,141,169
96$72,136,004$17,666,236$11,341,813$44,745,645
97$79,395,419$18,433,424$11,623,307$48,695,935
98$87,392,194$19,235,104$11,911,130$53,026,452
99$96,201,440$20,072,866$12,205,395$57,775,085
100$105,905,930$20,948,380$12,506,219$62,983,547