Can I retire at age 70 with 7,100,000?

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 $7,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$586,311$581,089$575,993$571,020$566,164$548,700
2 years$290,253$284,847$279,608$274,529$269,602$252,160
3 years$191,580$186,151$180,925$175,893$171,047$154,174
4 years$142,253$136,841$131,667$126,721$121,992$105,817
5 years$112,665$107,285$102,179$97,334$92,736$77,304
6 years$92,945$87,606$82,576$77,839$73,379$58,702
7 years$78,866$73,571$68,621$63,996$59,677$45,754
8 years$68,311$63,064$58,196$53,684$49,508$36,331
9 years$60,106$54,909$50,124$45,727$41,693$29,247
10 years$53,546$48,399$43,699$39,417$35,524$23,791
11 years$48,182$43,087$38,472$34,305$30,552$19,511
12 years$43,715$38,673$34,143$30,090$26,476$16,104
13 years$39,939$34,949$30,505$26,565$23,087$13,361
14 years$36,704$31,768$27,409$23,581$20,238$11,131
15 years$33,904$29,020$24,746$21,030$17,819$9,304
16 years$31,456$26,625$22,436$18,830$15,749$7,799
17 years$29,298$24,521$20,416$16,919$13,964$6,553
18 years$27,382$22,659$18,637$15,247$12,416$5,516
19 years$25,670$21,000$17,061$13,777$11,067$4,651
20 years$24,131$19,514$15,658$12,478$9,885$3,927
21 years$22,740$18,177$14,402$11,325$8,846$3,319
22 years$21,477$16,967$13,274$10,297$7,929$2,808
23 years$20,326$15,869$12,256$9,377$7,118$2,377
24 years$19,273$14,868$11,335$8,553$6,398$2,014
25 years$18,305$13,953$10,498$7,811$5,757$1,707
26 years$17,413$13,114$9,737$7,142$5,186$1,448
27 years$16,589$12,341$9,041$6,537$4,675$1,228
28 years$15,824$11,629$8,405$5,989$4,218$1,043
29 years$15,114$10,971$7,822$5,492$3,809$885
30 years$14,453$10,361$7,286$5,041$3,442$752
31 years$13,835$9,794$6,792$4,629$3,112$638
32 years$13,257$9,268$6,337$4,255$2,815$542
33 years$12,715$8,777$5,917$3,912$2,547$461
34 years$12,206$8,318$5,529$3,600$2,306$392
35 years$11,728$7,890$5,169$3,314$2,089$333
36 years$11,276$7,488$4,835$3,052$1,893$283
37 years$10,851$7,112$4,526$2,812$1,715$240
38 years$10,448$6,759$4,238$2,592$1,555$204
39 years$10,068$6,427$3,971$2,390$1,410$174
40 years$9,707$6,115$3,722$2,204$1,279$148
41 years$9,364$5,821$3,490$2,034$1,161$126
42 years$9,039$5,544$3,274$1,877$1,053$107
43 years$8,730$5,282$3,072$1,733$956$91
44 years$8,436$5,035$2,883$1,600$867$77
45 years$8,155$4,801$2,707$1,477$788$66
46 years$7,888$4,580$2,543$1,365$715$56
47 years$7,633$4,371$2,389$1,261$649$47
48 years$7,389$4,173$2,245$1,165$590$40
49 years$7,155$3,985$2,110$1,077$536$34
50 years$6,932$3,806$1,984$995$486$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,100,000, adding $4,117 every year, while hoping to spend $58,253 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: 39/44/17 Blend
69$7,100,000$7,100,000$7,100,000$7,100,000
70$7,828,447$7,452,147$7,342,097$8,093,808
71$8,564,968$7,755,321$7,526,076$8,587,047
72$9,374,661$8,071,399$7,714,267$9,114,120
73$10,264,929$8,400,950$7,906,748$9,682,801
74$11,243,928$8,744,572$8,103,599$10,296,882
75$12,320,641$9,102,889$8,304,903$10,960,528
76$13,504,969$9,476,554$8,510,739$11,678,310
77$14,807,819$9,866,247$8,721,192$12,455,244
78$16,241,208$10,272,685$8,936,343$13,296,840
79$17,818,376$10,696,611$9,156,276$14,209,146
80$19,553,913$11,138,808$9,381,074$15,198,810
81$21,463,895$11,600,092$9,610,822$16,273,130
82$23,566,032$12,081,316$9,845,604$17,440,129
83$25,879,840$12,583,374$10,085,505$18,708,621
84$28,426,825$13,107,200$10,330,611$20,088,295
85$31,230,680$13,653,772$10,581,005$21,589,800
86$34,317,514$14,224,112$10,836,774$23,224,845
87$37,716,097$14,819,289$11,098,002$25,006,303
88$41,458,128$15,440,424$11,364,774$26,948,330
89$45,578,538$16,088,686$11,637,175$29,066,493
90$50,115,819$16,765,301$11,915,290$31,377,916
91$55,112,382$17,471,551$12,199,202$33,901,433
92$60,614,965$18,208,776$12,488,995$36,657,765
93$66,675,066$18,978,381$12,784,751$39,669,708
94$73,349,435$19,781,834$13,086,552$42,962,344
95$80,700,605$20,620,671$13,394,480$46,563,272
96$88,797,484$21,496,502$13,708,612$50,502,865
97$97,716,006$22,411,009$14,029,029$54,814,547
98$107,539,844$23,365,954$14,355,808$59,535,107
99$118,361,203$24,363,181$14,689,022$64,705,037
100$130,281,688$25,404,619$15,028,747$70,368,909