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%13.7%
1 years$602,827$597,458$592,219$587,105$582,112$573,177
2 years$298,429$292,871$287,485$282,262$277,196$268,216
3 years$196,977$191,395$186,022$180,848$175,865$167,118
4 years$146,260$140,695$135,376$130,291$125,428$116,983
5 years$115,838$110,307$105,057$100,076$95,349$87,230
6 years$95,564$90,074$84,902$80,031$75,446$67,663
7 years$81,087$75,644$70,554$65,798$61,358$53,912
8 years$70,235$64,841$59,835$55,197$50,902$43,793
9 years$61,799$56,456$51,536$47,015$42,867$36,091
10 years$55,054$49,763$44,930$40,528$36,525$30,077
11 years$49,539$44,301$39,556$35,271$31,413$25,286
12 years$44,947$39,762$35,105$30,938$27,221$21,409
13 years$41,064$35,933$31,364$27,313$23,738$18,230
14 years$37,738$32,662$28,181$24,246$20,808$15,597
15 years$34,859$29,838$25,443$21,623$18,321$13,397
16 years$32,342$27,376$23,068$19,361$16,192$11,546
17 years$30,123$25,212$20,991$17,396$14,357$9,978
18 years$28,153$23,297$19,162$15,677$12,766$8,643
19 years$26,393$21,591$17,542$14,165$11,378$7,502
20 years$24,810$20,064$16,099$12,830$10,163$6,523
21 years$23,381$18,689$14,808$11,644$9,095$5,680
22 years$22,082$17,445$13,648$10,587$8,153$4,953
23 years$20,899$16,316$12,602$9,642$7,318$4,323
24 years$19,816$15,287$11,654$8,794$6,578$3,777
25 years$18,821$14,346$10,794$8,031$5,919$3,303
26 years$17,904$13,483$10,011$7,343$5,332$2,890
27 years$17,056$12,689$9,296$6,721$4,807$2,531
28 years$16,270$11,957$8,642$6,158$4,337$2,217
29 years$15,540$11,280$8,042$5,647$3,916$1,943
30 years$14,860$10,653$7,491$5,183$3,539$1,704
31 years$14,225$10,070$6,984$4,760$3,199$1,495
32 years$13,630$9,529$6,516$4,374$2,894$1,312
33 years$13,073$9,024$6,084$4,023$2,619$1,151
34 years$12,550$8,552$5,684$3,701$2,371$1,011
35 years$12,058$8,112$5,314$3,407$2,148$888
36 years$11,594$7,699$4,972$3,138$1,946$780
37 years$11,156$7,313$4,653$2,891$1,764$685
38 years$10,743$6,950$4,358$2,665$1,599$602
39 years$10,351$6,608$4,083$2,457$1,450$529
40 years$9,980$6,287$3,827$2,266$1,315$465
41 years$9,628$5,985$3,588$2,091$1,193$408
42 years$9,294$5,700$3,366$1,930$1,083$359
43 years$8,976$5,431$3,158$1,781$983$316
44 years$8,673$5,177$2,965$1,645$892$277
45 years$8,385$4,936$2,784$1,519$810$244
46 years$8,110$4,709$2,615$1,403$735$214
47 years$7,848$4,494$2,456$1,296$668$188
48 years$7,597$4,290$2,308$1,198$606$166
49 years$7,357$4,097$2,170$1,107$551$146
50 years$7,127$3,913$2,040$1,023$500$128

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 $5,234 every year, while hoping to spend $22,682 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: 46/34/20 Blend
69$7,300,000$7,300,000$7,300,000$7,300,000
70$8,049,999$7,663,099$7,549,949$8,374,021
71$8,846,965$8,014,457$7,778,739$8,952,701
72$9,724,462$8,382,272$8,014,433$9,577,478
73$10,690,679$8,767,325$8,257,238$10,254,849
74$11,754,642$9,170,438$8,507,369$10,989,726
75$12,926,294$9,592,468$8,765,045$11,787,502
76$14,216,595$10,034,317$9,030,492$12,654,099
77$15,637,618$10,496,930$9,303,945$13,596,025
78$17,202,670$10,981,294$9,585,642$14,620,426
79$18,926,413$11,488,448$9,875,831$15,735,155
80$20,825,003$12,019,478$10,174,768$16,948,844
81$22,916,245$12,575,524$10,482,714$18,270,979
82$25,219,756$13,157,779$10,799,939$19,711,986
83$27,757,157$13,767,496$11,126,722$21,283,327
84$30,552,269$14,405,985$11,463,350$22,997,608
85$33,631,345$15,074,623$11,810,117$24,868,686
86$37,023,314$15,774,851$12,167,327$26,911,804
87$40,760,052$16,508,179$12,535,293$29,143,724
88$44,876,689$17,276,192$12,914,337$31,582,885
89$49,411,936$18,080,549$13,304,791$34,249,571
90$54,408,448$18,922,991$13,706,997$37,166,098
91$59,913,235$19,805,343$14,121,306$40,357,019
92$65,978,097$20,729,516$14,548,082$43,849,347
93$72,660,116$21,697,516$14,987,696$47,672,814
94$80,022,197$22,711,443$15,440,533$51,860,135
95$88,133,659$23,773,502$15,906,989$56,447,316
96$97,070,890$24,886,001$16,387,470$61,473,990
97$106,918,067$26,051,362$16,882,398$66,983,776
98$117,767,955$27,272,123$17,392,202$73,024,694
99$129,722,774$28,550,945$17,917,329$79,649,603
100$142,895,173$29,890,618$18,458,236$86,916,696