Can I retire at age 70 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$627,601$622,011$616,556$611,233$606,035$601,459
2 years$310,694$304,907$299,299$293,862$288,588$283,975
3 years$205,072$199,260$193,666$188,280$183,092$178,585
4 years$152,271$146,477$140,940$135,645$130,583$126,215
5 years$120,599$114,840$109,375$104,189$99,267$95,053
6 years$99,491$93,775$88,391$83,320$78,547$74,490
7 years$84,420$78,753$73,453$68,502$63,879$59,984
8 years$73,122$67,505$62,294$57,465$52,994$49,258
9 years$64,339$58,776$53,654$48,947$44,629$41,052
10 years$57,317$51,808$46,777$42,193$38,026$34,607
11 years$51,575$46,121$41,182$36,721$32,704$29,439
12 years$46,794$41,396$36,548$32,209$28,340$25,227
13 years$42,751$37,410$32,653$28,436$24,713$21,749
14 years$39,289$34,005$29,339$25,242$21,663$18,844
15 years$36,291$31,064$26,489$22,511$19,074$16,395
16 years$33,671$28,501$24,016$20,157$16,858$14,316
17 years$31,361$26,248$21,854$18,110$14,947$12,538
18 years$29,310$24,254$19,950$16,321$13,290$11,009
19 years$27,477$22,479$18,263$14,748$11,846$9,689
20 years$25,830$20,888$16,761$13,357$10,581$8,543
21 years$24,341$19,457$15,417$12,122$9,469$7,546
22 years$22,990$18,162$14,209$11,022$8,488$6,674
23 years$21,758$16,987$13,119$10,038$7,619$5,911
24 years$20,630$15,915$12,133$9,155$6,848$5,241
25 years$19,594$14,936$11,238$8,361$6,162$4,652
26 years$18,639$14,037$10,422$7,645$5,551$4,132
27 years$17,757$13,211$9,678$6,997$5,004$3,673
28 years$16,939$12,448$8,997$6,411$4,516$3,268
29 years$16,179$11,744$8,373$5,879$4,077$2,909
30 years$15,470$11,091$7,799$5,396$3,684$2,591
31 years$14,809$10,484$7,271$4,955$3,331$2,308
32 years$14,190$9,920$6,784$4,554$3,013$2,058
33 years$13,610$9,395$6,334$4,188$2,727$1,835
34 years$13,066$8,904$5,918$3,853$2,469$1,637
35 years$12,553$8,445$5,533$3,547$2,236$1,460
36 years$12,071$8,016$5,176$3,267$2,026$1,303
37 years$11,615$7,613$4,845$3,010$1,836$1,164
38 years$11,184$7,235$4,537$2,774$1,665$1,039
39 years$10,777$6,880$4,250$2,558$1,510$928
40 years$10,390$6,546$3,984$2,359$1,369$829
41 years$10,024$6,231$3,736$2,177$1,242$740
42 years$9,676$5,934$3,504$2,009$1,127$662
43 years$9,345$5,654$3,288$1,855$1,023$591
44 years$9,030$5,389$3,087$1,712$929$528
45 years$8,730$5,139$2,898$1,581$843$472
46 years$8,443$4,903$2,722$1,461$765$422
47 years$8,170$4,679$2,557$1,350$695$377
48 years$7,909$4,466$2,403$1,247$631$337
49 years$7,659$4,265$2,259$1,153$573$301
50 years$7,420$4,074$2,124$1,065$521$270

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,600,000, adding $2,307 every year, while hoping to spend $29,282 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: 77/5/18 Blend
69$7,600,000$7,600,000$7,600,000$7,600,000
70$8,377,580$7,974,780$7,856,980$8,988,415
71$9,200,937$8,334,388$8,089,033$9,752,016
72$10,107,295$8,710,636$8,327,878$10,585,349
73$11,105,090$9,104,307$8,573,712$11,498,486
74$12,203,615$9,516,225$8,826,738$12,499,395
75$13,413,113$9,947,249$9,087,163$13,596,850
76$14,744,869$10,398,282$9,355,201$14,800,515
77$16,211,318$10,870,270$9,631,072$16,121,031
78$17,826,162$11,364,203$9,915,003$17,570,120
79$19,604,501$11,881,120$10,207,226$19,160,693
80$21,562,973$12,422,107$10,507,981$20,906,968
81$23,719,911$12,988,306$10,817,514$22,824,609
82$26,095,520$13,580,910$11,136,078$24,930,869
83$28,712,059$14,201,172$11,463,933$27,244,751
84$31,594,062$14,850,402$11,801,348$29,787,191
85$34,768,561$15,529,976$12,148,597$32,581,250
86$38,265,343$16,241,333$12,505,964$35,652,333
87$42,117,234$16,985,985$12,873,740$39,028,428
88$46,360,406$17,765,513$13,252,225$42,740,365
89$51,034,719$18,581,574$13,641,726$46,822,112
90$56,184,097$19,435,908$14,042,560$51,311,092
91$61,856,942$20,330,335$14,455,053$56,248,531
92$68,106,593$21,266,763$14,879,540$61,679,851
93$74,991,825$22,247,195$15,316,364$67,655,096
94$82,577,410$23,273,726$15,765,881$74,229,402
95$90,934,721$24,348,554$16,228,453$81,463,516
96$100,142,412$25,473,983$16,704,456$89,424,370
97$110,287,157$26,652,427$17,194,274$98,185,707
98$121,464,468$27,886,416$17,698,303$107,828,781
99$133,779,596$29,178,604$18,216,949$118,443,117
100$147,348,530$30,531,770$18,750,632$130,127,357