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%14.9%
1 years$586,311$581,089$575,993$571,020$566,164$554,733
2 years$290,253$284,847$279,608$274,529$269,602$258,135
3 years$191,580$186,151$180,925$175,893$171,047$159,902
4 years$142,253$136,841$131,667$126,721$121,992$111,256
5 years$112,665$107,285$102,179$97,334$92,736$82,439
6 years$92,945$87,606$82,576$77,839$73,379$63,531
7 years$78,866$73,571$68,621$63,996$59,677$50,281
8 years$68,311$63,064$58,196$53,684$49,508$40,561
9 years$60,106$54,909$50,124$45,727$41,693$33,189
10 years$53,546$48,399$43,699$39,417$35,524$27,455
11 years$48,182$43,087$38,472$34,305$30,552$22,908
12 years$43,715$38,673$34,143$30,090$26,476$19,246
13 years$39,939$34,949$30,505$26,565$23,087$16,259
14 years$36,704$31,768$27,409$23,581$20,238$13,799
15 years$33,904$29,020$24,746$21,030$17,819$11,755
16 years$31,456$26,625$22,436$18,830$15,749$10,045
17 years$29,298$24,521$20,416$16,919$13,964$8,607
18 years$27,382$22,659$18,637$15,247$12,416$7,391
19 years$25,670$21,000$17,061$13,777$11,067$6,359
20 years$24,131$19,514$15,658$12,478$9,885$5,480
21 years$22,740$18,177$14,402$11,325$8,846$4,728
22 years$21,477$16,967$13,274$10,297$7,929$4,085
23 years$20,326$15,869$12,256$9,377$7,118$3,533
24 years$19,273$14,868$11,335$8,553$6,398$3,057
25 years$18,305$13,953$10,498$7,811$5,757$2,648
26 years$17,413$13,114$9,737$7,142$5,186$2,295
27 years$16,589$12,341$9,041$6,537$4,675$1,991
28 years$15,824$11,629$8,405$5,989$4,218$1,727
29 years$15,114$10,971$7,822$5,492$3,809$1,499
30 years$14,453$10,361$7,286$5,041$3,442$1,302
31 years$13,835$9,794$6,792$4,629$3,112$1,130
32 years$13,257$9,268$6,337$4,255$2,815$982
33 years$12,715$8,777$5,917$3,912$2,547$853
34 years$12,206$8,318$5,529$3,600$2,306$742
35 years$11,728$7,890$5,169$3,314$2,089$645
36 years$11,276$7,488$4,835$3,052$1,893$561
37 years$10,851$7,112$4,526$2,812$1,715$488
38 years$10,448$6,759$4,238$2,592$1,555$424
39 years$10,068$6,427$3,971$2,390$1,410$369
40 years$9,707$6,115$3,722$2,204$1,279$321
41 years$9,364$5,821$3,490$2,034$1,161$279
42 years$9,039$5,544$3,274$1,877$1,053$243
43 years$8,730$5,282$3,072$1,733$956$211
44 years$8,436$5,035$2,883$1,600$867$184
45 years$8,155$4,801$2,707$1,477$788$160
46 years$7,888$4,580$2,543$1,365$715$139
47 years$7,633$4,371$2,389$1,261$649$121
48 years$7,389$4,173$2,245$1,165$590$105
49 years$7,155$3,985$2,110$1,077$536$92
50 years$6,932$3,806$1,984$995$486$80

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 $3,477 every year, while hoping to spend $30,013 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: 47/46/7 Blend
69$7,100,000$7,100,000$7,100,000$7,100,000
70$7,827,787$7,451,487$7,341,437$8,180,819
71$8,594,287$7,784,676$7,555,441$8,756,666
72$9,437,965$8,133,185$7,775,609$9,377,812
73$10,366,660$8,497,734$8,002,115$10,051,192
74$11,389,012$8,879,076$8,235,138$10,781,658
75$12,514,540$9,277,999$8,474,864$11,574,533
76$13,753,733$9,695,331$8,721,482$12,435,665
77$15,118,149$10,131,938$8,975,186$13,371,470
78$16,620,524$10,588,726$9,236,179$14,388,999
79$18,274,891$11,066,647$9,504,665$15,495,993
80$20,096,714$11,566,698$9,780,855$16,700,957
81$22,103,034$12,089,921$10,064,969$18,013,237
82$24,312,627$12,637,410$10,357,228$19,443,103
83$26,746,183$13,210,311$10,657,864$21,001,839
84$29,426,502$13,809,825$10,967,111$22,701,852
85$32,378,709$14,437,210$11,285,213$24,556,779
86$35,630,488$15,093,784$11,612,418$26,581,613
87$39,212,346$15,780,928$11,948,983$28,792,841
88$43,157,902$16,500,090$12,295,170$31,208,592
89$47,504,201$17,252,787$12,651,251$33,848,805
90$52,292,064$18,040,608$13,017,502$36,735,410
91$57,566,475$18,865,219$13,394,209$39,892,531
92$63,377,006$19,728,365$13,781,666$43,346,707
93$69,778,282$20,631,876$14,180,173$47,127,135
94$76,830,498$21,577,669$14,590,040$51,265,939
95$84,599,987$22,567,754$15,011,585$55,798,470
96$93,159,847$23,604,234$15,445,133$60,763,626
97$102,590,628$24,689,318$15,891,022$66,204,218
98$112,981,095$25,825,319$16,349,595$72,167,362
99$124,429,067$27,014,659$16,821,206$78,704,916
100$137,042,334$28,259,880$17,306,219$85,873,964