Can I retire at age 70 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$652,375$646,564$640,894$635,360$629,957$626,775
2 years$322,958$316,943$311,114$305,462$299,980$296,769
3 years$213,166$207,126$201,311$195,712$190,319$187,179
4 years$158,282$152,259$146,503$141,000$135,737$132,691
5 years$125,359$119,373$113,692$108,301$103,185$100,242
6 years$103,418$97,477$91,880$86,609$81,647$78,811
7 years$87,752$81,861$76,353$71,206$66,401$63,673
8 years$76,008$70,170$64,753$59,733$55,086$52,467
9 years$66,878$61,096$55,772$50,879$46,390$43,879
10 years$59,579$53,853$48,623$43,859$39,527$37,123
11 years$53,611$47,942$42,807$38,170$33,994$31,695
12 years$48,641$43,030$37,990$33,480$29,459$27,263
13 years$44,439$38,887$33,942$29,558$25,689$23,594
14 years$40,840$35,347$30,497$26,238$22,519$20,523
15 years$37,724$32,290$27,535$23,400$19,827$17,928
16 years$35,000$29,626$24,964$20,952$17,523$15,718
17 years$32,599$27,284$22,716$18,825$15,537$13,823
18 years$30,467$25,212$20,737$16,965$13,815$12,189
19 years$28,562$23,366$18,984$15,330$12,314$10,773
20 years$26,850$21,713$17,422$13,884$10,999$9,541
21 years$25,302$20,225$16,025$12,601$9,843$8,464
22 years$23,897$18,879$14,770$11,457$8,823$7,520
23 years$22,617$17,657$13,637$10,434$7,920$6,690
24 years$21,444$16,544$12,612$9,516$7,118$5,959
25 years$20,367$15,525$11,681$8,691$6,405$5,314
26 years$19,375$14,591$10,834$7,947$5,770$4,742
27 years$18,458$13,732$10,060$7,274$5,202$4,236
28 years$17,607$12,940$9,352$6,664$4,694$3,786
29 years$16,817$12,207$8,703$6,111$4,238$3,387
30 years$16,081$11,528$8,107$5,609$3,830$3,031
31 years$15,394$10,898$7,558$5,151$3,462$2,714
32 years$14,751$10,312$7,051$4,734$3,132$2,431
33 years$14,148$9,765$6,584$4,353$2,834$2,178
34 years$13,582$9,255$6,152$4,005$2,566$1,953
35 years$13,049$8,779$5,751$3,687$2,324$1,751
36 years$12,547$8,332$5,380$3,396$2,106$1,571
37 years$12,073$7,914$5,036$3,129$1,909$1,410
38 years$11,626$7,521$4,716$2,884$1,730$1,265
39 years$11,202$7,152$4,418$2,659$1,569$1,136
40 years$10,801$6,804$4,141$2,453$1,423$1,020
41 years$10,420$6,477$3,883$2,263$1,291$916
42 years$10,058$6,168$3,642$2,088$1,172$822
43 years$9,714$5,877$3,418$1,928$1,063$739
44 years$9,386$5,602$3,208$1,780$965$663
45 years$9,074$5,342$3,013$1,644$876$596
46 years$8,777$5,096$2,829$1,518$796$536
47 years$8,493$4,863$2,658$1,403$722$481
48 years$8,221$4,643$2,498$1,296$656$432
49 years$7,962$4,434$2,348$1,198$596$389
50 years$7,713$4,235$2,207$1,107$541$349

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,900,000, adding $6,709 every year, while hoping to spend $39,786 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: 78/17/5 Blend
69$7,900,000$7,900,000$7,900,000$7,900,000
70$8,712,720$8,294,020$8,171,570$9,389,825
71$9,559,086$8,658,095$8,402,986$10,198,622
72$10,490,447$9,038,677$8,640,821$11,079,461
73$11,515,432$9,436,531$8,885,247$12,044,200
74$12,643,546$9,852,461$9,136,443$13,101,163
75$13,885,265$10,287,309$9,394,591$14,259,512
76$15,252,129$10,741,954$9,659,877$15,529,334
77$16,756,856$11,217,320$9,932,493$16,921,736
78$18,413,459$11,714,372$10,212,635$18,448,946
79$20,237,379$12,234,124$10,500,506$20,124,426
80$22,245,630$12,777,634$10,796,311$21,963,001
81$24,456,960$13,346,013$11,100,263$23,980,995
82$26,892,027$13,940,425$11,412,578$26,196,385
83$29,573,595$14,562,087$11,733,481$28,628,965
84$32,526,749$15,212,276$12,063,200$31,300,537
85$35,779,128$15,892,329$12,401,968$34,235,111
86$39,361,192$16,603,646$12,750,027$37,459,129
87$43,306,503$17,347,694$13,107,622$41,001,716
88$47,652,045$18,126,010$13,475,006$44,894,948
89$52,438,574$18,940,204$13,852,439$49,174,158
90$57,710,998$19,791,964$14,240,185$53,878,262
91$63,518,805$20,683,056$14,638,517$59,050,129
92$69,916,529$21,615,332$15,047,714$64,736,977
93$76,964,264$22,590,732$15,468,061$70,990,821
94$84,728,230$23,611,288$15,899,851$77,868,960
95$93,281,398$24,679,130$16,343,385$85,434,514
96$102,704,183$25,796,490$16,798,971$93,757,015
97$113,085,196$26,965,705$17,266,923$102,913,066
98$124,522,087$28,189,224$17,747,565$112,987,054
99$137,122,459$29,469,616$18,241,228$124,071,948
100$151,004,892$30,809,569$18,748,251$136,270,171