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%14.3%
1 years$652,375$646,564$640,894$635,360$629,957$618,757
2 years$322,958$316,943$311,114$305,462$299,980$288,734
3 years$213,166$207,126$201,311$195,712$190,319$179,379
4 years$158,282$152,259$146,503$141,000$135,737$125,186
5 years$125,359$119,373$113,692$108,301$103,185$93,053
6 years$103,418$97,477$91,880$86,609$81,647$71,945
7 years$87,752$81,861$76,353$71,206$66,401$57,132
8 years$76,008$70,170$64,753$59,733$55,086$46,248
9 years$66,878$61,096$55,772$50,879$46,390$37,979
10 years$59,579$53,853$48,623$43,859$39,527$31,534
11 years$53,611$47,942$42,807$38,170$33,994$26,411
12 years$48,641$43,030$37,990$33,480$29,459$22,275
13 years$44,439$38,887$33,942$29,558$25,689$18,893
14 years$40,840$35,347$30,497$26,238$22,519$16,099
15 years$37,724$32,290$27,535$23,400$19,827$13,772
16 years$35,000$29,626$24,964$20,952$17,523$11,819
17 years$32,599$27,284$22,716$18,825$15,537$10,170
18 years$30,467$25,212$20,737$16,965$13,815$8,772
19 years$28,562$23,366$18,984$15,330$12,314$7,580
20 years$26,850$21,713$17,422$13,884$10,999$6,561
21 years$25,302$20,225$16,025$12,601$9,843$5,688
22 years$23,897$18,879$14,770$11,457$8,823$4,936
23 years$22,617$17,657$13,637$10,434$7,920$4,289
24 years$21,444$16,544$12,612$9,516$7,118$3,730
25 years$20,367$15,525$11,681$8,691$6,405$3,246
26 years$19,375$14,591$10,834$7,947$5,770$2,827
27 years$18,458$13,732$10,060$7,274$5,202$2,463
28 years$17,607$12,940$9,352$6,664$4,694$2,148
29 years$16,817$12,207$8,703$6,111$4,238$1,873
30 years$16,081$11,528$8,107$5,609$3,830$1,635
31 years$15,394$10,898$7,558$5,151$3,462$1,427
32 years$14,751$10,312$7,051$4,734$3,132$1,246
33 years$14,148$9,765$6,584$4,353$2,834$1,088
34 years$13,582$9,255$6,152$4,005$2,566$950
35 years$13,049$8,779$5,751$3,687$2,324$830
36 years$12,547$8,332$5,380$3,396$2,106$726
37 years$12,073$7,914$5,036$3,129$1,909$634
38 years$11,626$7,521$4,716$2,884$1,730$554
39 years$11,202$7,152$4,418$2,659$1,569$485
40 years$10,801$6,804$4,141$2,453$1,423$424
41 years$10,420$6,477$3,883$2,263$1,291$370
42 years$10,058$6,168$3,642$2,088$1,172$324
43 years$9,714$5,877$3,418$1,928$1,063$283
44 years$9,386$5,602$3,208$1,780$965$248
45 years$9,074$5,342$3,013$1,644$876$217
46 years$8,777$5,096$2,829$1,518$796$190
47 years$8,493$4,863$2,658$1,403$722$166
48 years$8,221$4,643$2,498$1,296$656$145
49 years$7,962$4,434$2,348$1,198$596$127
50 years$7,713$4,235$2,207$1,107$541$111

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 $2,558 every year, while hoping to spend $35,032 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: 49/45/6 Blend
69$7,900,000$7,900,000$7,900,000$7,900,000
70$8,708,439$8,289,739$8,167,289$9,121,812
71$9,559,426$8,658,662$8,403,619$9,773,088
72$10,496,039$9,044,489$8,646,692$10,476,130
73$11,526,976$9,448,009$8,896,697$11,238,890
74$12,661,819$9,870,054$9,153,829$12,066,946
75$13,911,128$10,311,489$9,418,285$12,966,422
76$15,286,537$10,773,226$9,690,271$13,944,042
77$16,800,867$11,256,217$9,969,998$15,007,193
78$18,468,244$11,761,460$10,257,682$16,163,987
79$20,304,234$12,290,002$10,553,544$17,423,338
80$22,325,991$12,842,937$10,857,813$18,795,038
81$24,552,415$13,421,414$11,170,722$20,289,851
82$27,004,333$14,026,635$11,492,513$21,919,605
83$29,704,695$14,659,860$11,823,433$23,697,304
84$32,678,791$15,322,410$12,163,735$25,637,241
85$35,954,488$16,015,668$12,513,679$27,755,134
86$39,562,492$16,741,083$12,873,535$30,068,265
87$43,536,644$17,500,173$13,243,576$32,595,641
88$47,914,231$18,294,531$13,624,084$35,358,165
89$52,736,342$19,125,822$14,015,351$38,378,829
90$58,048,257$19,995,796$14,417,673$41,682,928
91$63,899,870$20,906,281$14,831,356$45,298,286
92$70,346,165$21,859,197$15,256,715$49,255,518
93$77,447,730$22,856,553$15,694,071$53,588,310
94$85,271,331$23,900,457$16,143,755$58,333,731
95$93,890,544$24,993,117$16,606,108$63,532,571
96$103,386,445$26,136,845$17,081,478$69,229,725
97$113,848,378$27,334,066$17,570,224$75,474,604
98$125,374,799$28,587,322$18,072,712$82,321,594
99$138,074,202$29,899,274$18,589,322$89,830,561
100$152,066,147$31,272,714$19,120,440$98,067,405