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%13%
1 years$578,053$572,904$567,881$562,978$558,190$551,215
2 years$286,165$280,836$275,670$270,662$265,805$258,786
3 years$188,882$183,529$178,377$173,416$168,637$161,794
4 years$140,249$134,913$129,813$124,936$120,274$113,657
5 years$111,078$105,774$100,740$95,963$91,430$85,060
6 years$91,636$86,372$81,413$76,743$72,346$66,230
7 years$77,755$72,535$67,655$63,094$58,836$52,978
8 years$67,349$62,176$57,376$52,928$48,810$43,208
9 years$59,259$54,135$49,418$45,083$41,105$35,757
10 years$52,792$47,718$43,084$38,862$35,024$29,925
11 years$47,503$42,480$37,930$33,822$30,122$25,268
12 years$43,099$38,128$33,662$29,666$26,103$21,490
13 years$39,376$34,457$30,075$26,191$22,762$18,383
14 years$36,187$31,320$27,023$23,249$19,953$15,802
15 years$33,426$28,611$24,398$20,734$17,568$13,638
16 years$31,013$26,250$22,120$18,565$15,527$11,810
17 years$28,885$24,176$20,128$16,681$13,767$10,257
18 years$26,996$22,339$18,375$15,033$12,241$8,930
19 years$25,308$20,704$16,821$13,583$10,911$7,791
20 years$23,791$19,239$15,438$12,302$9,746$6,810
21 years$22,420$17,921$14,200$11,165$8,721$5,961
22 years$21,175$16,728$13,087$10,152$7,817$5,225
23 years$20,040$15,645$12,084$9,245$7,017$4,586
24 years$19,001$14,659$11,175$8,432$6,307$4,028
25 years$18,047$13,757$10,351$7,701$5,676$3,542
26 years$17,168$12,929$9,600$7,041$5,112$3,117
27 years$16,355$12,168$8,914$6,445$4,609$2,745
28 years$15,601$11,466$8,287$5,905$4,159$2,418
29 years$14,901$10,816$7,712$5,415$3,756$2,132
30 years$14,249$10,215$7,183$4,970$3,393$1,880
31 years$13,640$9,657$6,697$4,564$3,068$1,659
32 years$13,070$9,137$6,248$4,195$2,775$1,464
33 years$12,536$8,653$5,834$3,857$2,512$1,293
34 years$12,034$8,201$5,451$3,549$2,274$1,141
35 years$11,562$7,779$5,096$3,267$2,060$1,008
36 years$11,118$7,383$4,767$3,009$1,866$891
37 years$10,698$7,012$4,462$2,772$1,691$787
38 years$10,301$6,664$4,179$2,555$1,533$696
39 years$9,926$6,337$3,915$2,356$1,390$615
40 years$9,570$6,029$3,669$2,173$1,261$544
41 years$9,233$5,739$3,441$2,005$1,144$481
42 years$8,912$5,466$3,228$1,850$1,038$425
43 years$8,607$5,208$3,029$1,708$942$376
44 years$8,317$4,964$2,843$1,577$855$333
45 years$8,041$4,734$2,669$1,457$776$294
46 years$7,777$4,516$2,507$1,345$705$260
47 years$7,525$4,309$2,355$1,243$640$230
48 years$7,285$4,114$2,213$1,149$581$204
49 years$7,055$3,928$2,080$1,062$528$180
50 years$6,834$3,753$1,956$981$480$159

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 $5,208 every year, while hoping to spend $25,640 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: 54/41/5 Blend
69$7,000,000$7,000,000$7,000,000$7,000,000
70$7,719,372$7,348,372$7,239,872$8,127,813
71$8,479,467$7,681,162$7,455,127$8,736,892
72$9,316,233$8,029,398$7,676,734$9,396,125
73$10,237,462$8,393,812$7,904,878$10,112,919
74$11,251,742$8,775,168$8,139,750$10,892,721
75$12,368,536$9,174,268$8,381,548$11,741,519
76$13,598,270$9,591,950$8,630,473$12,665,888
77$14,952,433$10,029,095$8,886,733$13,673,054
78$16,443,686$10,486,625$9,150,544$14,770,960
79$18,085,979$10,965,507$9,422,124$15,968,334
80$19,894,684$11,466,752$9,701,700$17,274,771
81$21,886,741$11,991,422$9,989,507$18,700,819
82$24,080,817$12,540,630$10,285,783$20,258,078
83$26,497,479$13,115,540$10,590,776$21,959,302
84$29,159,394$13,717,373$10,904,739$23,818,517
85$32,091,538$14,347,411$11,227,934$25,851,150
86$35,321,434$15,006,993$11,560,629$28,074,171
87$38,879,412$15,697,527$11,903,101$30,506,246
88$42,798,891$16,420,485$12,255,635$33,167,913
89$47,116,702$17,177,413$12,618,522$36,081,766
90$51,873,427$17,969,928$12,992,064$39,272,670
91$57,113,790$18,799,727$13,376,571$42,767,981
92$62,887,071$19,668,589$13,772,361$46,597,809
93$69,247,579$20,578,376$14,179,762$50,795,290
94$76,255,159$21,531,043$14,599,110$55,396,893
95$83,975,758$22,528,637$15,030,753$60,442,762
96$92,482,049$23,573,304$15,475,047$65,977,085
97$101,854,115$24,667,294$15,932,359$72,048,503
98$112,180,208$25,812,964$16,403,067$78,710,568
99$123,557,577$27,012,787$16,887,557$86,022,233
100$136,093,390$28,269,354$17,386,230$94,048,408