Can I retire at age 70 with 7,400,000?

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 $7,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$611,085$605,642$600,331$595,148$590,086$580,072
2 years$302,517$296,883$291,423$286,129$280,994$270,935
3 years$199,675$194,016$188,570$183,325$178,274$168,484
4 years$148,264$142,623$137,231$132,076$127,146$117,702
5 years$117,425$111,818$106,497$101,447$96,655$87,582
6 years$96,873$91,308$86,065$81,128$76,480$67,788
7 years$82,198$76,680$71,520$66,700$62,198$53,892
8 years$71,197$65,729$60,655$55,953$51,600$43,676
9 years$62,646$57,229$52,242$47,659$43,454$35,909
10 years$55,808$50,444$45,546$41,083$37,025$29,852
11 years$50,218$44,908$40,098$35,754$31,843$25,034
12 years$45,562$40,307$35,586$31,361$27,594$21,141
13 years$41,626$36,426$31,794$27,687$24,063$17,955
14 years$38,255$33,110$28,567$24,578$21,093$15,320
15 years$35,336$30,246$25,792$21,919$18,572$13,123
16 years$32,785$27,751$23,384$19,626$16,414$11,278
17 years$30,536$25,557$21,279$17,634$14,554$9,719
18 years$28,539$23,616$19,425$15,892$12,941$8,394
19 years$26,754$21,887$17,782$14,360$11,534$7,265
20 years$25,150$20,339$16,320$13,005$10,303$6,298
21 years$23,701$18,945$15,011$11,803$9,220$5,468
22 years$22,385$17,684$13,835$10,732$8,264$4,753
23 years$21,185$16,540$12,774$9,774$7,418$4,136
24 years$20,087$15,496$11,814$8,914$6,668$3,602
25 years$19,078$14,543$10,942$8,141$6,000$3,140
26 years$18,149$13,668$10,148$7,444$5,405$2,739
27 years$17,289$12,863$9,423$6,813$4,873$2,391
28 years$16,493$12,121$8,760$6,242$4,397$2,088
29 years$15,753$11,434$8,152$5,724$3,970$1,824
30 years$15,063$10,799$7,594$5,254$3,587$1,594
31 years$14,419$10,208$7,079$4,825$3,243$1,394
32 years$13,817$9,659$6,605$4,434$2,934$1,219
33 years$13,252$9,147$6,167$4,078$2,655$1,066
34 years$12,722$8,670$5,762$3,752$2,404$933
35 years$12,223$8,223$5,387$3,454$2,177$817
36 years$11,753$7,805$5,040$3,181$1,973$715
37 years$11,309$7,413$4,717$2,931$1,788$626
38 years$10,890$7,045$4,417$2,701$1,621$548
39 years$10,493$6,699$4,139$2,491$1,470$480
40 years$10,117$6,373$3,879$2,297$1,333$420
41 years$9,760$6,067$3,637$2,120$1,210$368
42 years$9,421$5,778$3,412$1,956$1,098$322
43 years$9,099$5,505$3,202$1,806$996$282
44 years$8,792$5,248$3,005$1,667$904$247
45 years$8,500$5,004$2,822$1,540$821$217
46 years$8,221$4,774$2,650$1,422$745$190
47 years$7,955$4,556$2,490$1,314$677$166
48 years$7,701$4,349$2,340$1,214$615$146
49 years$7,458$4,153$2,199$1,122$558$128
50 years$7,225$3,967$2,068$1,037$507$112

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,400,000, adding $4,741 every year, while hoping to spend $20,940 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: 36/38/26 Blend
69$7,400,000$7,400,000$7,400,000$7,400,000
70$8,159,690$7,767,490$7,652,790$8,389,457
71$8,969,699$8,125,817$7,886,879$8,918,282
72$9,861,626$8,501,001$8,128,107$9,486,549
73$10,843,806$8,893,844$8,376,693$10,099,639
74$11,925,422$9,305,190$8,632,860$10,761,590
75$13,116,592$9,735,921$8,896,838$11,476,832
76$14,428,468$10,186,964$9,168,865$12,250,221
77$15,873,335$10,659,289$9,449,185$13,087,084
78$17,464,733$11,153,912$9,738,051$13,993,266
79$19,217,581$11,671,899$10,035,721$14,975,179
80$21,148,321$12,214,369$10,342,464$16,039,864
81$23,275,068$12,782,491$10,658,556$17,195,048
82$25,617,787$13,377,495$10,984,279$18,449,218
83$28,198,475$14,000,667$11,319,927$19,811,693
84$31,041,376$14,653,356$11,665,800$21,292,708
85$34,173,202$15,336,976$12,022,210$22,903,509
86$37,623,391$16,053,010$12,389,477$24,656,451
87$41,424,382$16,803,013$12,767,929$26,565,112
88$45,611,921$17,588,612$13,157,907$28,644,413
89$50,225,400$18,411,518$13,559,760$30,910,757
90$55,308,228$19,273,518$13,973,849$33,382,175
91$60,908,239$20,176,492$14,400,544$36,078,493
92$67,078,145$21,122,407$14,840,229$39,021,511
93$73,876,036$22,113,325$15,293,297$42,235,200
94$81,365,924$23,151,410$15,760,154$45,745,928
95$89,618,348$24,238,929$16,241,219$49,582,695
96$98,711,042$25,378,258$16,736,922$53,777,403
97$108,729,666$26,571,891$17,247,707$58,365,148
98$119,768,618$27,822,440$17,774,032$63,384,544
99$131,931,922$29,132,645$18,316,367$68,878,079
100$145,334,211$30,505,377$18,875,197$74,892,504