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%13.7%
1 years$611,085$605,642$600,331$595,148$590,086$581,028
2 years$302,517$296,883$291,423$286,129$280,994$271,890
3 years$199,675$194,016$188,570$183,325$178,274$169,407
4 years$148,264$142,623$137,231$132,076$127,146$118,586
5 years$117,425$111,818$106,497$101,447$96,655$88,424
6 years$96,873$91,308$86,065$81,128$76,480$68,589
7 years$82,198$76,680$71,520$66,700$62,198$54,651
8 years$71,197$65,729$60,655$55,953$51,600$44,393
9 years$62,646$57,229$52,242$47,659$43,454$36,586
10 years$55,808$50,444$45,546$41,083$37,025$30,489
11 years$50,218$44,908$40,098$35,754$31,843$25,632
12 years$45,562$40,307$35,586$31,361$27,594$21,702
13 years$41,626$36,426$31,794$27,687$24,063$18,480
14 years$38,255$33,110$28,567$24,578$21,093$15,811
15 years$35,336$30,246$25,792$21,919$18,572$13,581
16 years$32,785$27,751$23,384$19,626$16,414$11,704
17 years$30,536$25,557$21,279$17,634$14,554$10,114
18 years$28,539$23,616$19,425$15,892$12,941$8,762
19 years$26,754$21,887$17,782$14,360$11,534$7,605
20 years$25,150$20,339$16,320$13,005$10,303$6,612
21 years$23,701$18,945$15,011$11,803$9,220$5,758
22 years$22,385$17,684$13,835$10,732$8,264$5,021
23 years$21,185$16,540$12,774$9,774$7,418$4,382
24 years$20,087$15,496$11,814$8,914$6,668$3,829
25 years$19,078$14,543$10,942$8,141$6,000$3,348
26 years$18,149$13,668$10,148$7,444$5,405$2,930
27 years$17,289$12,863$9,423$6,813$4,873$2,565
28 years$16,493$12,121$8,760$6,242$4,397$2,248
29 years$15,753$11,434$8,152$5,724$3,970$1,970
30 years$15,063$10,799$7,594$5,254$3,587$1,728
31 years$14,419$10,208$7,079$4,825$3,243$1,515
32 years$13,817$9,659$6,605$4,434$2,934$1,330
33 years$13,252$9,147$6,167$4,078$2,655$1,167
34 years$12,722$8,670$5,762$3,752$2,404$1,025
35 years$12,223$8,223$5,387$3,454$2,177$900
36 years$11,753$7,805$5,040$3,181$1,973$790
37 years$11,309$7,413$4,717$2,931$1,788$694
38 years$10,890$7,045$4,417$2,701$1,621$610
39 years$10,493$6,699$4,139$2,491$1,470$536
40 years$10,117$6,373$3,879$2,297$1,333$471
41 years$9,760$6,067$3,637$2,120$1,210$414
42 years$9,421$5,778$3,412$1,956$1,098$364
43 years$9,099$5,505$3,202$1,806$996$320
44 years$8,792$5,248$3,005$1,667$904$281
45 years$8,500$5,004$2,822$1,540$821$247
46 years$8,221$4,774$2,650$1,422$745$217
47 years$7,955$4,556$2,490$1,314$677$191
48 years$7,701$4,349$2,340$1,214$615$168
49 years$7,458$4,153$2,199$1,122$558$148
50 years$7,225$3,967$2,068$1,037$507$130

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 $2,129 every year, while hoping to spend $55,438 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: 24/49/27 Blend
69$7,400,000$7,400,000$7,400,000$7,400,000
70$8,156,996$7,764,796$7,650,096$8,283,140
71$8,930,024$8,086,285$7,847,389$8,711,413
72$9,780,043$8,421,670$8,049,433$9,165,103
73$10,714,847$8,771,571$8,256,328$9,650,036
74$11,743,024$9,136,641$8,468,178$10,168,847
75$12,874,036$9,517,560$8,685,086$10,724,418
76$14,118,308$9,915,041$8,907,156$11,319,901
77$15,487,326$10,329,828$9,134,496$11,958,746
78$16,993,746$10,762,702$9,367,214$12,644,733
79$18,651,512$11,214,478$9,605,420$13,382,000
80$20,475,988$11,686,010$9,849,224$14,175,079
81$22,484,105$12,178,191$10,098,739$15,028,939
82$24,694,517$12,691,955$10,354,080$15,949,025
83$27,127,776$13,228,280$10,615,360$16,941,310
84$29,806,533$13,788,189$10,882,698$18,012,340
85$32,755,742$14,372,753$11,156,211$19,169,301
86$36,002,902$14,983,092$11,436,019$20,420,075
87$39,578,313$15,620,379$11,722,241$21,773,310
88$43,515,365$16,285,842$12,015,000$23,238,505
89$47,850,848$16,980,764$12,314,418$24,826,082
90$52,625,303$17,706,490$12,620,620$26,547,492
91$57,883,404$18,464,427$12,933,730$28,415,306
92$63,674,375$19,256,048$13,253,874$30,443,336
93$70,052,462$20,082,895$13,581,179$32,646,758
94$77,077,437$20,946,581$13,915,773$35,042,245
95$84,815,168$21,848,796$14,257,784$37,648,123
96$93,338,237$22,791,309$14,607,341$40,484,532
97$102,726,624$23,775,970$14,964,574$43,573,614
98$113,068,465$24,804,717$15,329,612$46,939,713
99$124,460,881$25,879,581$15,702,587$50,609,593
100$137,010,895$27,002,685$16,083,628$54,612,690