Can I retire at age 70 with 7,300,000?

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 $7,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$602,827$597,458$592,219$587,105$582,112$562,578
2 years$298,429$292,871$287,485$282,262$277,196$257,709
3 years$196,977$191,395$186,022$180,848$175,865$157,036
4 years$146,260$140,695$135,376$130,291$125,428$107,402
5 years$115,838$110,307$105,057$100,076$95,349$78,172
6 years$95,564$90,074$84,902$80,031$75,446$59,134
7 years$81,087$75,644$70,554$65,798$61,358$45,907
8 years$70,235$64,841$59,835$55,197$50,902$36,302
9 years$61,799$56,456$51,536$47,015$42,867$29,099
10 years$55,054$49,763$44,930$40,528$36,525$23,567
11 years$49,539$44,301$39,556$35,271$31,413$19,240
12 years$44,947$39,762$35,105$30,938$27,221$15,807
13 years$41,064$35,933$31,364$27,313$23,738$13,052
14 years$37,738$32,662$28,181$24,246$20,808$10,821
15 years$34,859$29,838$25,443$21,623$18,321$9,000
16 years$32,342$27,376$23,068$19,361$16,192$7,507
17 years$30,123$25,212$20,991$17,396$14,357$6,275
18 years$28,153$23,297$19,162$15,677$12,766$5,254
19 years$26,393$21,591$17,542$14,165$11,378$4,407
20 years$24,810$20,064$16,099$12,830$10,163$3,701
21 years$23,381$18,689$14,808$11,644$9,095$3,111
22 years$22,082$17,445$13,648$10,587$8,153$2,617
23 years$20,899$16,316$12,602$9,642$7,318$2,204
24 years$19,816$15,287$11,654$8,794$6,578$1,857
25 years$18,821$14,346$10,794$8,031$5,919$1,565
26 years$17,904$13,483$10,011$7,343$5,332$1,320
27 years$17,056$12,689$9,296$6,721$4,807$1,114
28 years$16,270$11,957$8,642$6,158$4,337$940
29 years$15,540$11,280$8,042$5,647$3,916$793
30 years$14,860$10,653$7,491$5,183$3,539$670
31 years$14,225$10,070$6,984$4,760$3,199$566
32 years$13,630$9,529$6,516$4,374$2,894$478
33 years$13,073$9,024$6,084$4,023$2,619$403
34 years$12,550$8,552$5,684$3,701$2,371$341
35 years$12,058$8,112$5,314$3,407$2,148$288
36 years$11,594$7,699$4,972$3,138$1,946$243
37 years$11,156$7,313$4,653$2,891$1,764$206
38 years$10,743$6,950$4,358$2,665$1,599$174
39 years$10,351$6,608$4,083$2,457$1,450$147
40 years$9,980$6,287$3,827$2,266$1,315$124
41 years$9,628$5,985$3,588$2,091$1,193$105
42 years$9,294$5,700$3,366$1,930$1,083$89
43 years$8,976$5,431$3,158$1,781$983$75
44 years$8,673$5,177$2,965$1,645$892$63
45 years$8,385$4,936$2,784$1,519$810$54
46 years$8,110$4,709$2,615$1,403$735$45
47 years$7,848$4,494$2,456$1,296$668$38
48 years$7,597$4,290$2,308$1,198$606$32
49 years$7,357$4,097$2,170$1,107$551$27
50 years$7,127$3,913$2,040$1,023$500$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,300,000, adding $6,988 every year, while hoping to spend $57,559 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: 34/45/21 Blend
69$7,300,000$7,300,000$7,300,000$7,300,000
70$8,051,808$7,664,908$7,551,758$8,273,608
71$8,811,850$7,979,246$7,743,500$8,752,743
72$9,647,487$8,307,058$7,939,735$9,263,296
73$10,566,370$8,648,942$8,140,555$9,812,681
74$11,576,926$9,005,527$8,346,050$10,404,372
75$12,688,441$9,377,466$8,556,311$11,042,178
76$13,911,147$9,765,447$8,771,433$11,730,276
77$15,256,316$10,170,186$8,991,508$12,473,248
78$16,736,368$10,592,434$9,216,632$13,276,124
79$18,364,990$11,032,974$9,446,901$14,144,423
80$20,157,258$11,492,629$9,682,411$15,084,202
81$22,129,787$11,972,257$9,923,261$16,102,113
82$24,300,884$12,472,756$10,169,548$17,205,460
83$26,690,719$12,995,066$10,421,373$18,402,268
84$29,321,518$13,540,170$10,678,835$19,701,349
85$32,217,772$14,109,097$10,942,035$21,112,387
86$35,406,465$14,702,924$11,211,074$22,646,023
87$38,917,333$15,322,776$11,486,054$24,313,953
88$42,783,142$15,969,832$11,767,077$26,129,031
89$47,039,994$16,645,326$12,054,246$28,105,389
90$51,727,674$17,350,548$12,347,663$30,258,566
91$56,890,020$18,086,847$12,647,433$32,605,646
92$62,575,337$18,855,639$12,953,658$35,165,419
93$68,836,857$19,658,401$13,266,441$37,958,550
94$75,733,236$20,496,681$13,585,886$41,007,769
95$83,329,108$21,372,101$13,912,095$44,338,082
96$91,695,698$22,286,355$14,245,171$47,976,998
97$100,911,492$23,241,218$14,585,217$51,954,784
98$111,062,975$24,238,550$14,932,333$56,304,744
99$122,245,454$25,280,293$15,286,621$61,063,527
100$134,563,947$26,368,485$15,648,180$66,271,465