Can I retire at age 70 with 7,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $7,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$594,569$589,273$584,106$579,063$574,138$563,237
2 years$294,341$288,859$283,547$278,396$273,399$262,459
3 years$194,278$188,773$183,473$178,371$173,456$162,817
4 years$144,257$138,768$133,522$128,506$123,710$113,456
5 years$114,251$108,796$103,618$98,705$94,042$84,201
6 years$94,255$88,840$83,739$78,935$74,413$64,995
7 years$79,977$74,608$69,587$64,897$60,517$51,527
8 years$69,273$63,953$59,016$54,440$50,205$41,638
9 years$60,953$55,682$50,830$46,371$42,280$34,132
10 years$54,300$49,081$44,315$39,972$36,025$28,288
11 years$48,860$43,694$39,014$34,788$30,982$23,647
12 years$44,331$39,217$34,624$30,514$26,849$19,905
13 years$40,501$35,441$30,934$26,939$23,413$16,850
14 years$37,221$32,215$27,795$23,913$20,523$14,329
15 years$34,381$29,429$25,095$21,327$18,070$12,232
16 years$31,899$27,000$22,752$19,096$15,971$10,475
17 years$29,711$24,866$20,704$17,157$14,161$8,995
18 years$27,768$22,978$18,900$15,462$12,591$7,741
19 years$26,031$21,296$17,302$13,971$11,223$6,675
20 years$24,471$19,789$15,879$12,654$10,024$5,765
21 years$23,060$18,433$14,605$11,484$8,971$4,986
22 years$21,780$17,206$13,461$10,442$8,041$4,317
23 years$20,613$16,092$12,429$9,509$7,218$3,742
24 years$19,544$15,078$11,495$8,673$6,488$3,247
25 years$18,563$14,150$10,646$7,921$5,838$2,819
26 years$17,658$13,298$9,874$7,242$5,259$2,449
27 years$16,822$12,515$9,169$6,629$4,741$2,129
28 years$16,047$11,793$8,524$6,074$4,278$1,852
29 years$15,327$11,125$7,932$5,570$3,863$1,611
30 years$14,656$10,507$7,388$5,112$3,490$1,402
31 years$14,030$9,932$6,888$4,695$3,156$1,221
32 years$13,444$9,398$6,427$4,314$2,854$1,063
33 years$12,894$8,900$6,000$3,968$2,583$926
34 years$12,378$8,435$5,606$3,650$2,339$807
35 years$11,893$8,001$5,242$3,360$2,118$704
36 years$11,435$7,594$4,903$3,095$1,919$613
37 years$11,004$7,212$4,590$2,852$1,740$535
38 years$10,596$6,854$4,298$2,628$1,577$466
39 years$10,209$6,518$4,027$2,423$1,430$406
40 years$9,844$6,201$3,774$2,235$1,297$354
41 years$9,496$5,903$3,539$2,062$1,177$309
42 years$9,167$5,622$3,320$1,903$1,068$270
43 years$8,853$5,356$3,115$1,757$969$235
44 years$8,555$5,106$2,924$1,622$880$205
45 years$8,270$4,869$2,746$1,498$799$179
46 years$7,999$4,645$2,579$1,384$725$156
47 years$7,740$4,432$2,423$1,279$658$136
48 years$7,493$4,231$2,277$1,181$598$119
49 years$7,256$4,041$2,140$1,092$543$104
50 years$7,030$3,860$2,012$1,009$493$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,200,000, adding $2,386 every year, while hoping to spend $22,758 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: 34/36/30 Blend
69$7,200,000$7,200,000$7,200,000$7,200,000
70$7,936,861$7,555,261$7,443,661$8,134,706
71$8,722,207$7,901,255$7,668,809$8,631,091
72$9,586,895$8,263,439$7,900,738$9,163,804
73$10,538,994$8,642,584$8,139,648$9,737,840
74$11,587,396$9,039,495$8,385,751$10,356,900
75$12,741,898$9,455,018$8,639,261$11,025,040
76$14,013,295$9,890,037$8,900,400$11,746,708
77$15,413,485$10,345,482$9,169,397$12,526,783
78$16,955,575$10,822,326$9,446,486$13,370,617
79$18,654,010$11,321,586$9,731,911$14,284,083
80$20,524,708$11,844,333$10,025,919$15,273,624
81$22,585,210$12,391,687$10,328,768$16,346,317
82$24,854,842$12,964,820$10,640,723$17,509,927
83$27,354,904$13,564,964$10,962,055$18,772,985
84$30,108,865$14,193,409$11,293,045$20,144,857
85$33,142,589$14,851,506$11,633,982$21,635,835
86$36,484,576$15,540,672$11,985,162$23,257,224
87$40,166,230$16,262,392$12,346,893$25,021,448
88$44,222,160$17,018,224$12,719,489$26,942,158
89$48,690,503$17,809,800$13,103,274$29,034,360
90$53,613,284$18,638,830$13,498,584$31,314,551
91$59,036,814$19,507,107$13,905,761$33,800,867
92$65,012,125$20,416,512$14,325,160$36,513,247
93$71,595,456$21,369,014$14,757,146$39,473,621
94$78,848,776$22,366,680$15,202,095$42,706,104
95$86,840,379$23,411,675$15,660,393$46,237,222
96$95,645,520$24,506,269$16,132,438$50,096,153
97$105,347,129$25,652,842$16,618,641$54,314,994
98$116,036,594$26,853,889$17,119,423$58,929,060
99$127,814,621$28,112,025$17,635,219$63,977,206
100$140,792,190$29,429,992$18,166,476$69,502,188