Can I retire at age 70 with 7,000,000?

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 $7,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$578,053$572,904$567,881$562,978$558,190$537,317
2 years$286,165$280,836$275,670$270,662$265,805$245,015
3 years$188,882$183,529$178,377$173,416$168,637$148,584
4 years$140,249$134,913$129,813$124,936$120,274$101,110
5 years$111,078$105,774$100,740$95,963$91,430$73,206
6 years$91,636$86,372$81,413$76,743$72,346$55,073
7 years$77,755$72,535$67,655$63,094$58,836$42,511
8 years$67,349$62,176$57,376$52,928$48,810$33,418
9 years$59,259$54,135$49,418$45,083$41,105$26,624
10 years$52,792$47,718$43,084$38,862$35,024$21,427
11 years$47,503$42,480$37,930$33,822$30,122$17,379
12 years$43,099$38,128$33,662$29,666$26,103$14,183
13 years$39,376$34,457$30,075$26,191$22,762$11,631
14 years$36,187$31,320$27,023$23,249$19,953$9,576
15 years$33,426$28,611$24,398$20,734$17,568$7,909
16 years$31,013$26,250$22,120$18,565$15,527$6,548
17 years$28,885$24,176$20,128$16,681$13,767$5,433
18 years$26,996$22,339$18,375$15,033$12,241$4,516
19 years$25,308$20,704$16,821$13,583$10,911$3,759
20 years$23,791$19,239$15,438$12,302$9,746$3,133
21 years$22,420$17,921$14,200$11,165$8,721$2,613
22 years$21,175$16,728$13,087$10,152$7,817$2,181
23 years$20,040$15,645$12,084$9,245$7,017$1,822
24 years$19,001$14,659$11,175$8,432$6,307$1,523
25 years$18,047$13,757$10,351$7,701$5,676$1,274
26 years$17,168$12,929$9,600$7,041$5,112$1,066
27 years$16,355$12,168$8,914$6,445$4,609$892
28 years$15,601$11,466$8,287$5,905$4,159$746
29 years$14,901$10,816$7,712$5,415$3,756$625
30 years$14,249$10,215$7,183$4,970$3,393$523
31 years$13,640$9,657$6,697$4,564$3,068$438
32 years$13,070$9,137$6,248$4,195$2,775$367
33 years$12,536$8,653$5,834$3,857$2,512$308
34 years$12,034$8,201$5,451$3,549$2,274$258
35 years$11,562$7,779$5,096$3,267$2,060$216
36 years$11,118$7,383$4,767$3,009$1,866$181
37 years$10,698$7,012$4,462$2,772$1,691$152
38 years$10,301$6,664$4,179$2,555$1,533$127
39 years$9,926$6,337$3,915$2,356$1,390$106
40 years$9,570$6,029$3,669$2,173$1,261$89
41 years$9,233$5,739$3,441$2,005$1,144$75
42 years$8,912$5,466$3,228$1,850$1,038$63
43 years$8,607$5,208$3,029$1,708$942$53
44 years$8,317$4,964$2,843$1,577$855$44
45 years$8,041$4,734$2,669$1,457$776$37
46 years$7,777$4,516$2,507$1,345$705$31
47 years$7,525$4,309$2,355$1,243$640$26
48 years$7,285$4,114$2,213$1,149$581$22
49 years$7,055$3,928$2,080$1,062$528$18
50 years$6,834$3,753$1,956$981$480$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,000,000, adding $3,155 every year, while hoping to spend $43,032 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: 34/44/22 Blend
69$7,000,000$7,000,000$7,000,000$7,000,000
70$7,717,254$7,346,254$7,237,754$7,927,679
71$8,458,629$7,660,435$7,434,433$8,398,309
72$9,274,181$7,988,568$7,636,259$8,901,314
73$10,171,432$8,331,293$7,843,358$9,442,867
74$11,158,667$8,689,276$8,055,860$10,026,409
75$12,245,018$9,063,217$8,273,899$10,655,715
76$13,440,544$9,453,849$8,497,608$11,334,924
77$14,756,330$9,861,938$8,727,128$12,068,573
78$16,204,588$10,288,286$8,962,600$12,861,641
79$17,798,777$10,733,732$9,204,168$13,719,592
80$19,553,725$11,199,158$9,451,980$14,648,420
81$21,485,771$11,685,482$9,706,187$15,654,707
82$23,612,919$12,193,670$9,966,943$16,745,679
83$25,955,007$12,724,730$10,234,407$17,929,271
84$28,533,896$13,279,720$10,508,737$19,214,198
85$31,373,673$13,859,746$10,790,099$20,610,033
86$34,500,880$14,465,967$11,078,661$22,127,294
87$37,944,767$15,099,596$11,374,593$23,777,539
88$41,737,560$15,761,903$11,678,069$25,573,470
89$45,914,776$16,454,221$11,989,269$27,529,048
90$50,515,546$17,177,941$12,308,373$29,659,620
91$55,582,996$17,934,524$12,635,567$31,982,060
92$61,164,643$18,725,498$12,971,040$34,514,921
93$67,312,853$19,552,463$13,314,986$37,278,605
94$74,085,326$20,417,096$13,667,600$40,295,550
95$81,545,648$21,321,152$14,029,084$43,590,438
96$89,763,887$22,266,472$14,399,641$47,190,416
97$98,817,255$23,254,980$14,779,480$51,125,351
98$108,790,836$24,288,695$15,168,814$55,428,103
99$119,778,390$25,369,730$15,567,858$60,134,825
100$131,883,238$26,500,299$15,976,833$65,285,302