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%16.8%
1 years$586,311$581,089$575,993$571,020$566,164$550,469
2 years$290,253$284,847$279,608$274,529$269,602$253,906
3 years$191,580$186,151$180,925$175,893$171,047$155,842
4 years$142,253$136,841$131,667$126,721$121,992$107,395
5 years$112,665$107,285$102,179$97,334$92,736$78,788
6 years$92,945$87,606$82,576$77,839$73,379$60,091
7 years$78,866$73,571$68,621$63,996$59,677$47,051
8 years$68,311$63,064$58,196$53,684$49,508$37,536
9 years$60,106$54,909$50,124$45,727$41,693$30,364
10 years$53,546$48,399$43,699$39,417$35,524$24,825
11 years$48,182$43,087$38,472$34,305$30,552$20,464
12 years$43,715$38,673$34,143$30,090$26,476$16,980
13 years$39,939$34,949$30,505$26,565$23,087$14,164
14 years$36,704$31,768$27,409$23,581$20,238$11,865
15 years$33,904$29,020$24,746$21,030$17,819$9,974
16 years$31,456$26,625$22,436$18,830$15,749$8,409
17 years$29,298$24,521$20,416$16,919$13,964$7,107
18 years$27,382$22,659$18,637$15,247$12,416$6,018
19 years$25,670$21,000$17,061$13,777$11,067$5,105
20 years$24,131$19,514$15,658$12,478$9,885$4,336
21 years$22,740$18,177$14,402$11,325$8,846$3,687
22 years$21,477$16,967$13,274$10,297$7,929$3,139
23 years$20,326$15,869$12,256$9,377$7,118$2,674
24 years$19,273$14,868$11,335$8,553$6,398$2,280
25 years$18,305$13,953$10,498$7,811$5,757$1,945
26 years$17,413$13,114$9,737$7,142$5,186$1,661
27 years$16,589$12,341$9,041$6,537$4,675$1,418
28 years$15,824$11,629$8,405$5,989$4,218$1,211
29 years$15,114$10,971$7,822$5,492$3,809$1,035
30 years$14,453$10,361$7,286$5,041$3,442$885
31 years$13,835$9,794$6,792$4,629$3,112$757
32 years$13,257$9,268$6,337$4,255$2,815$647
33 years$12,715$8,777$5,917$3,912$2,547$553
34 years$12,206$8,318$5,529$3,600$2,306$473
35 years$11,728$7,890$5,169$3,314$2,089$405
36 years$11,276$7,488$4,835$3,052$1,893$347
37 years$10,851$7,112$4,526$2,812$1,715$297
38 years$10,448$6,759$4,238$2,592$1,555$254
39 years$10,068$6,427$3,971$2,390$1,410$217
40 years$9,707$6,115$3,722$2,204$1,279$186
41 years$9,364$5,821$3,490$2,034$1,161$159
42 years$9,039$5,544$3,274$1,877$1,053$136
43 years$8,730$5,282$3,072$1,733$956$117
44 years$8,436$5,035$2,883$1,600$867$100
45 years$8,155$4,801$2,707$1,477$788$85
46 years$7,888$4,580$2,543$1,365$715$73
47 years$7,633$4,371$2,389$1,261$649$63
48 years$7,389$4,173$2,245$1,165$590$54
49 years$7,155$3,985$2,110$1,077$536$46
50 years$6,932$3,806$1,984$995$486$39

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 $4,894 every year, while hoping to spend $30,158 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: 40/39/21 Blend
69$7,100,000$7,100,000$7,100,000$7,100,000
70$7,829,248$7,452,948$7,342,898$8,093,536
71$8,595,744$7,786,055$7,556,797$8,616,594
72$9,439,411$8,134,473$7,776,851$9,178,851
73$10,368,089$8,498,921$8,003,235$9,786,515
74$11,390,418$8,880,151$8,236,126$10,443,740
75$12,515,914$9,278,952$8,475,711$11,155,085
76$13,755,067$9,696,151$8,722,177$11,925,552
77$15,119,434$10,132,612$8,975,719$12,760,632
78$16,621,748$10,589,241$9,236,537$13,666,352
79$18,276,042$11,066,990$9,504,837$14,649,331
80$20,097,779$11,566,854$9,780,830$15,716,839
81$22,103,997$12,089,874$10,064,732$16,876,859
82$24,313,471$12,637,144$10,356,767$18,138,162
83$26,746,889$13,209,808$10,657,163$19,510,387
84$29,427,050$13,809,067$10,966,156$21,004,125
85$32,379,074$14,436,176$11,283,987$22,631,016
86$35,630,645$15,092,454$11,610,906$24,403,855
87$39,212,266$15,779,279$11,947,167$26,336,709
88$43,157,552$16,498,099$12,293,032$28,445,044
89$47,503,545$17,250,429$12,648,771$30,745,866
90$52,291,063$18,037,856$13,014,661$33,257,877
91$57,565,085$18,862,045$13,390,987$36,001,648
92$63,375,179$19,724,740$13,778,039$38,999,804
93$69,775,963$20,627,768$14,176,120$42,277,235
94$76,827,628$21,573,045$14,585,536$45,861,322
95$84,596,499$22,562,578$15,006,605$49,782,194
96$93,155,668$23,598,470$15,439,652$54,072,998
97$102,585,677$24,682,926$15,885,011$58,770,213
98$112,975,283$25,818,257$16,343,027$63,913,984
99$124,422,294$27,006,884$16,814,050$69,548,490
100$137,034,492$28,251,344$17,298,444$75,722,360