Can I retire at age 70 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$635,859$630,195$624,669$619,275$614,009$601,858
2 years$314,782$308,919$303,237$297,729$292,385$280,194
3 years$207,770$201,882$196,215$190,758$185,501$173,651
4 years$154,274$148,405$142,794$137,430$132,301$120,883
5 years$122,186$116,351$110,814$105,559$100,573$89,619
6 years$100,800$95,009$89,554$84,417$79,580$69,102
7 years$85,531$79,789$74,420$69,404$64,720$54,721
8 years$74,084$68,394$63,114$58,221$53,691$44,168
9 years$65,185$59,549$54,360$49,591$45,216$36,162
10 years$58,071$52,490$47,392$42,748$38,526$29,934
11 years$52,254$46,728$41,723$37,204$33,134$24,992
12 years$47,409$41,941$37,029$32,633$28,713$21,010
13 years$43,314$37,902$33,083$28,810$25,038$17,761
14 years$39,806$34,452$29,725$25,574$21,948$15,084
15 years$36,769$31,473$26,838$22,808$19,325$12,858
16 years$34,114$28,876$24,332$20,422$17,080$10,996
17 years$31,774$26,593$22,141$18,349$15,144$9,428
18 years$29,696$24,573$20,212$16,536$13,465$8,102
19 years$27,839$22,774$18,503$14,942$12,002$6,976
20 years$26,170$21,163$16,981$13,533$10,720$6,016
21 years$24,662$19,713$15,620$12,282$9,594$5,195
22 years$23,292$18,401$14,396$11,167$8,599$4,492
23 years$22,044$17,210$13,292$10,170$7,719$3,887
24 years$20,901$16,125$12,293$9,275$6,938$3,367
25 years$19,852$15,132$11,386$8,471$6,243$2,919
26 years$18,885$14,222$10,560$7,745$5,624$2,532
27 years$17,990$13,384$9,806$7,090$5,070$2,197
28 years$17,162$12,612$9,116$6,496$4,575$1,908
29 years$16,391$11,898$8,483$5,957$4,131$1,657
30 years$15,674$11,236$7,901$5,467$3,733$1,440
31 years$15,004$10,622$7,366$5,021$3,375$1,252
32 years$14,377$10,051$6,873$4,614$3,053$1,089
33 years$13,790$9,518$6,417$4,243$2,763$947
34 years$13,238$9,021$5,996$3,904$2,501$824
35 years$12,719$8,556$5,606$3,594$2,266$717
36 years$12,229$8,121$5,244$3,310$2,053$624
37 years$11,768$7,713$4,908$3,050$1,860$543
38 years$11,331$7,330$4,596$2,811$1,687$472
39 years$10,918$6,970$4,306$2,592$1,529$411
40 years$10,527$6,632$4,036$2,391$1,387$358
41 years$10,156$6,313$3,785$2,206$1,259$312
42 years$9,803$6,012$3,550$2,035$1,142$271
43 years$9,468$5,728$3,331$1,879$1,036$236
44 years$9,149$5,460$3,127$1,735$941$206
45 years$8,845$5,207$2,936$1,602$854$179
46 years$8,554$4,967$2,758$1,480$775$156
47 years$8,278$4,740$2,591$1,367$704$136
48 years$8,013$4,525$2,435$1,263$639$118
49 years$7,760$4,321$2,289$1,168$581$103
50 years$7,518$4,128$2,152$1,079$528$90

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,700,000, adding $2,850 every year, while hoping to spend $50,317 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: 70/7/23 Blend
69$7,700,000$7,700,000$7,700,000$7,700,000
70$8,488,340$8,080,240$7,960,890$9,033,338
71$9,300,614$8,422,635$8,174,043$9,740,397
72$10,194,053$8,780,120$8,392,650$10,507,949
73$11,176,883$9,153,383$8,616,841$11,346,948
74$12,258,168$9,543,142$8,846,748$12,264,470
75$13,447,893$9,950,148$9,082,506$13,268,304
76$14,757,061$10,375,188$9,324,253$14,367,028
77$16,197,795$10,819,086$9,572,128$15,570,090
78$17,783,452$11,282,703$9,826,277$16,887,889
79$19,528,752$11,766,943$10,086,844$18,331,882
80$21,449,910$12,272,748$10,353,979$19,914,682
81$23,564,797$12,801,109$10,627,834$21,650,184
82$25,893,103$13,353,060$10,908,563$23,553,690
83$28,456,524$13,929,685$11,196,324$25,642,052
84$31,278,967$14,532,117$11,491,278$27,933,835
85$34,386,775$15,161,545$11,793,590$30,449,487
86$37,808,977$15,819,211$12,103,426$33,211,530
87$41,577,558$16,506,417$12,420,956$36,244,775
88$45,727,764$17,224,527$12,746,353$39,576,552
89$50,298,434$17,974,967$13,079,794$43,236,968
90$55,332,365$18,759,231$13,421,458$47,259,189
91$60,876,717$19,578,884$13,771,528$51,679,754
92$66,983,457$20,435,564$14,130,189$56,538,914
93$73,709,850$21,330,987$14,497,630$61,881,014
94$81,118,998$22,266,950$14,874,045$67,754,910
95$89,280,438$23,245,333$15,259,628$74,214,426
96$98,270,796$24,268,106$15,654,578$81,318,865
97$108,174,507$25,337,334$16,059,097$89,133,560
98$119,084,621$26,455,177$16,473,390$97,730,496
99$131,103,669$27,623,898$16,897,666$107,188,983
100$144,344,642$28,845,867$17,332,136$117,596,406