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%12%
1 years$627,601$622,011$616,556$611,233$606,035$600,957
2 years$310,694$304,907$299,299$293,862$288,588$283,470
3 years$205,072$199,260$193,666$188,280$183,092$178,093
4 years$152,271$146,477$140,940$135,645$130,583$125,741
5 years$120,599$114,840$109,375$104,189$99,267$94,596
6 years$99,491$93,775$88,391$83,320$78,547$74,053
7 years$84,420$78,753$73,453$68,502$63,879$59,565
8 years$73,122$67,505$62,294$57,465$52,994$48,860
9 years$64,339$58,776$53,654$48,947$44,629$40,672
10 years$57,317$51,808$46,777$42,193$38,026$34,245
11 years$51,575$46,121$41,182$36,721$32,704$29,096
12 years$46,794$41,396$36,548$32,209$28,340$24,902
13 years$42,751$37,410$32,653$28,436$24,713$21,440
14 years$39,289$34,005$29,339$25,242$21,663$18,552
15 years$36,291$31,064$26,489$22,511$19,074$16,120
16 years$33,671$28,501$24,016$20,157$16,858$14,056
17 years$31,361$26,248$21,854$18,110$14,947$12,294
18 years$29,310$24,254$19,950$16,321$13,290$10,780
19 years$27,477$22,479$18,263$14,748$11,846$9,473
20 years$25,830$20,888$16,761$13,357$10,581$8,341
21 years$24,341$19,457$15,417$12,122$9,469$7,356
22 years$22,990$18,162$14,209$11,022$8,488$6,497
23 years$21,758$16,987$13,119$10,038$7,619$5,745
24 years$20,630$15,915$12,133$9,155$6,848$5,086
25 years$19,594$14,936$11,238$8,361$6,162$4,507
26 years$18,639$14,037$10,422$7,645$5,551$3,997
27 years$17,757$13,211$9,678$6,997$5,004$3,548
28 years$16,939$12,448$8,997$6,411$4,516$3,151
29 years$16,179$11,744$8,373$5,879$4,077$2,801
30 years$15,470$11,091$7,799$5,396$3,684$2,490
31 years$14,809$10,484$7,271$4,955$3,331$2,215
32 years$14,190$9,920$6,784$4,554$3,013$1,971
33 years$13,610$9,395$6,334$4,188$2,727$1,755
34 years$13,066$8,904$5,918$3,853$2,469$1,563
35 years$12,553$8,445$5,533$3,547$2,236$1,392
36 years$12,071$8,016$5,176$3,267$2,026$1,240
37 years$11,615$7,613$4,845$3,010$1,836$1,106
38 years$11,184$7,235$4,537$2,774$1,665$985
39 years$10,777$6,880$4,250$2,558$1,510$879
40 years$10,390$6,546$3,984$2,359$1,369$783
41 years$10,024$6,231$3,736$2,177$1,242$699
42 years$9,676$5,934$3,504$2,009$1,127$623
43 years$9,345$5,654$3,288$1,855$1,023$556
44 years$9,030$5,389$3,087$1,712$929$496
45 years$8,730$5,139$2,898$1,581$843$442
46 years$8,443$4,903$2,722$1,461$765$395
47 years$8,170$4,679$2,557$1,350$695$352
48 years$7,909$4,466$2,403$1,247$631$314
49 years$7,659$4,265$2,259$1,153$573$281
50 years$7,420$4,074$2,124$1,065$521$250

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 $2,542 every year, while hoping to spend $58,765 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: 63/26/11 Blend
69$7,600,000$7,600,000$7,600,000$7,600,000
70$8,377,822$7,975,022$7,857,222$8,884,531
71$9,169,834$8,303,273$8,057,914$9,551,993
72$10,040,662$8,645,638$8,263,359$10,273,465
73$10,998,283$9,002,748$8,473,654$11,059,773
74$12,051,486$9,375,260$8,688,900$11,917,207
75$13,209,954$9,763,864$8,909,194$12,852,692
76$14,484,356$10,169,280$9,134,638$13,873,840
77$15,886,446$10,592,261$9,365,335$14,989,032
78$17,429,178$11,033,596$9,601,388$16,207,486
79$19,126,821$11,494,109$9,842,902$17,539,346
80$20,995,100$11,974,663$10,089,982$18,995,777
81$23,051,339$12,476,161$10,342,735$20,589,064
82$25,314,629$12,999,546$10,601,270$22,332,732
83$27,806,005$13,545,807$10,865,696$24,241,666
84$30,548,643$14,115,977$11,136,123$26,332,253
85$33,568,082$14,711,138$11,412,661$28,622,529
86$36,892,464$15,332,422$11,695,422$31,132,354
87$40,552,797$15,981,011$11,984,520$33,883,592
88$44,583,248$16,658,147$12,280,068$36,900,316
89$49,021,469$17,365,126$12,582,180$40,209,031
90$53,908,946$18,103,304$12,890,970$43,838,924
91$59,291,396$18,874,103$13,206,554$47,822,135
92$65,219,193$19,679,009$13,529,049$52,194,056
93$71,747,847$20,519,577$13,858,569$56,993,662
94$78,938,528$21,397,437$14,195,231$62,263,880
95$86,858,639$22,314,292$14,539,152$68,051,982
96$95,582,455$23,271,928$14,890,449$74,410,036
97$105,191,824$24,272,210$15,249,237$81,395,387
98$115,776,937$25,317,096$15,615,634$89,071,199
99$127,437,181$26,408,630$15,989,754$97,507,045
100$140,282,077$27,548,956$16,371,714$106,779,556