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%16.2%
1 years$635,859$630,195$624,669$619,275$614,009$598,437
2 years$314,782$308,919$303,237$297,729$292,385$276,798
3 years$207,770$201,882$196,215$190,758$185,501$170,386
4 years$154,274$148,405$142,794$137,430$132,301$117,774
5 years$122,186$116,351$110,814$105,559$100,573$86,675
6 years$100,800$95,009$89,554$84,417$79,580$66,324
7 years$85,531$79,789$74,420$69,404$64,720$52,108
8 years$74,084$68,394$63,114$58,221$53,691$41,717
9 years$65,185$59,549$54,360$49,591$45,216$33,869
10 years$58,071$52,490$47,392$42,748$38,526$27,794
11 years$52,254$46,728$41,723$37,204$33,134$23,000
12 years$47,409$41,941$37,029$32,633$28,713$19,159
13 years$43,314$37,902$33,083$28,810$25,038$16,046
14 years$39,806$34,452$29,725$25,574$21,948$13,498
15 years$36,769$31,473$26,838$22,808$19,325$11,395
16 years$34,114$28,876$24,332$20,422$17,080$9,648
17 years$31,774$26,593$22,141$18,349$15,144$8,189
18 years$29,696$24,573$20,212$16,536$13,465$6,966
19 years$27,839$22,774$18,503$14,942$12,002$5,935
20 years$26,170$21,163$16,981$13,533$10,720$5,064
21 years$24,662$19,713$15,620$12,282$9,594$4,327
22 years$23,292$18,401$14,396$11,167$8,599$3,701
23 years$22,044$17,210$13,292$10,170$7,719$3,168
24 years$20,901$16,125$12,293$9,275$6,938$2,714
25 years$19,852$15,132$11,386$8,471$6,243$2,326
26 years$18,885$14,222$10,560$7,745$5,624$1,995
27 years$17,990$13,384$9,806$7,090$5,070$1,712
28 years$17,162$12,612$9,116$6,496$4,575$1,470
29 years$16,391$11,898$8,483$5,957$4,131$1,262
30 years$15,674$11,236$7,901$5,467$3,733$1,084
31 years$15,004$10,622$7,366$5,021$3,375$932
32 years$14,377$10,051$6,873$4,614$3,053$801
33 years$13,790$9,518$6,417$4,243$2,763$688
34 years$13,238$9,021$5,996$3,904$2,501$592
35 years$12,719$8,556$5,606$3,594$2,266$509
36 years$12,229$8,121$5,244$3,310$2,053$438
37 years$11,768$7,713$4,908$3,050$1,860$376
38 years$11,331$7,330$4,596$2,811$1,687$324
39 years$10,918$6,970$4,306$2,592$1,529$278
40 years$10,527$6,632$4,036$2,391$1,387$240
41 years$10,156$6,313$3,785$2,206$1,259$206
42 years$9,803$6,012$3,550$2,035$1,142$177
43 years$9,468$5,728$3,331$1,879$1,036$153
44 years$9,149$5,460$3,127$1,735$941$131
45 years$8,845$5,207$2,936$1,602$854$113
46 years$8,554$4,967$2,758$1,480$775$97
47 years$8,278$4,740$2,591$1,367$704$84
48 years$8,013$4,525$2,435$1,263$639$72
49 years$7,760$4,321$2,289$1,168$581$62
50 years$7,518$4,128$2,152$1,079$528$53

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 $3,736 every year, while hoping to spend $32,695 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: 75/17/8 Blend
69$7,700,000$7,700,000$7,700,000$7,700,000
70$8,489,254$8,081,154$7,961,804$9,115,425
71$9,320,370$8,442,343$8,193,737$9,889,312
72$10,235,165$8,820,135$8,432,344$10,732,585
73$11,242,139$9,215,308$8,677,814$11,655,714
74$12,350,657$9,628,679$8,930,342$12,666,602
75$13,571,043$10,061,102$9,190,126$13,773,949
76$14,914,667$10,513,474$9,457,373$14,987,330
77$16,394,060$10,986,732$9,732,293$16,317,288
78$18,023,033$11,481,860$10,015,103$17,775,428
79$19,816,799$11,999,888$10,306,025$19,374,528
80$21,792,124$12,541,894$10,605,289$21,128,656
81$23,967,484$13,109,011$10,913,130$23,053,304
82$26,363,237$13,702,421$11,229,789$25,165,529
83$29,001,815$14,323,368$11,555,515$27,484,113
84$31,907,939$14,973,151$11,890,563$30,029,741
85$35,108,846$15,653,134$12,235,195$32,825,190
86$38,634,555$16,364,744$12,589,681$35,895,547
87$42,518,142$17,109,478$12,954,297$39,268,439
88$46,796,054$17,888,904$13,329,328$42,974,293
89$51,508,457$18,704,666$13,715,065$47,046,624
90$56,699,610$19,558,485$14,111,810$51,522,344
91$62,418,285$20,452,165$14,519,871$56,442,110
92$68,718,227$21,387,599$14,939,564$61,850,707
93$75,658,662$22,366,767$15,371,215$67,797,464
94$83,304,853$23,391,746$15,815,158$74,336,721
95$91,728,719$24,464,713$16,271,737$81,528,334
96$101,009,513$25,587,948$16,741,305$89,438,242
97$111,234,568$26,763,843$17,224,224$98,139,084
98$122,500,125$27,994,902$17,720,866$107,710,879
99$134,912,237$29,283,751$18,231,614$118,241,780
100$148,587,773$30,633,143$18,756,861$129,828,904