Can I retire at age 70 with 8,100,000?

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 $8,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$668,890$662,932$657,119$651,446$645,905$628,253
2 years$331,134$324,967$318,990$313,195$307,574$289,918
3 years$218,563$212,369$206,408$200,667$195,138$178,031
4 years$162,289$156,114$150,212$144,569$139,174$122,748
5 years$128,533$122,395$116,571$111,043$105,798$90,099
6 years$106,036$99,945$94,206$88,802$83,714$68,756
7 years$89,974$83,934$78,286$73,009$68,082$53,865
8 years$77,932$71,947$66,393$61,245$56,481$42,998
9 years$68,572$62,642$57,184$52,168$47,565$34,804
10 years$61,087$55,216$49,854$44,969$40,528$28,472
11 years$54,968$49,156$43,891$39,136$34,855$23,485
12 years$49,872$44,120$38,952$34,328$30,205$19,500
13 years$45,564$39,871$34,801$30,306$26,339$16,277
14 years$41,874$36,242$31,269$26,903$23,089$13,644
15 years$38,679$33,108$28,232$23,992$20,329$11,478
16 years$35,886$30,376$25,596$21,483$17,967$9,684
17 years$33,424$27,975$23,291$19,302$15,931$8,190
18 years$31,239$25,850$21,262$17,395$14,165$6,941
19 years$29,285$23,957$19,464$15,718$12,625$5,892
20 years$27,529$22,262$17,863$14,236$11,277$5,008
21 years$25,943$20,737$16,431$12,920$10,092$4,262
22 years$24,502$19,357$15,144$11,747$9,046$3,631
23 years$23,189$18,104$13,983$10,698$8,120$3,096
24 years$21,987$16,962$12,931$9,757$7,299$2,642
25 years$20,883$15,918$11,977$8,911$6,568$2,256
26 years$19,866$14,961$11,108$8,148$5,916$1,927
27 years$18,925$14,080$10,315$7,458$5,334$1,647
28 years$18,053$13,267$9,589$6,833$4,813$1,408
29 years$17,243$12,516$8,923$6,266$4,346$1,204
30 years$16,488$11,820$8,312$5,751$3,927$1,030
31 years$15,783$11,174$7,749$5,281$3,550$882
32 years$15,124$10,573$7,230$4,854$3,211$755
33 years$14,506$10,013$6,751$4,463$2,906$646
34 years$13,925$9,490$6,307$4,107$2,631$553
35 years$13,379$9,001$5,897$3,781$2,383$474
36 years$12,865$8,543$5,516$3,482$2,159$405
37 years$12,379$8,114$5,163$3,208$1,957$347
38 years$11,920$7,711$4,835$2,957$1,774$297
39 years$11,486$7,333$4,530$2,726$1,609$255
40 years$11,074$6,976$4,246$2,515$1,459$218
41 years$10,683$6,641$3,981$2,320$1,324$187
42 years$10,312$6,325$3,735$2,141$1,201$160
43 years$9,960$6,026$3,504$1,977$1,090$137
44 years$9,624$5,744$3,290$1,825$990$118
45 years$9,304$5,477$3,089$1,685$898$101
46 years$8,999$5,225$2,901$1,557$816$86
47 years$8,708$4,987$2,726$1,438$741$74
48 years$8,429$4,760$2,561$1,329$673$63
49 years$8,163$4,546$2,407$1,228$611$54
50 years$7,908$4,342$2,263$1,135$555$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,100,000, adding $5,334 every year, while hoping to spend $41,036 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: 47/41/12 Blend
69$8,100,000$8,100,000$8,100,000$8,100,000
70$8,931,702$8,502,402$8,376,852$9,321,385
71$9,799,074$8,875,358$8,613,815$9,963,966
72$10,753,542$9,265,213$8,857,340$10,656,297
73$11,803,947$9,672,752$9,107,605$11,406,763
74$12,960,030$10,098,798$9,364,790$12,220,784
75$14,232,525$10,544,210$9,629,082$13,104,313
76$15,633,256$11,009,891$9,900,670$14,063,887
77$17,175,256$11,496,783$10,179,751$15,106,686
78$18,872,884$12,005,877$10,466,524$16,240,596
79$20,741,961$12,538,208$10,761,195$17,474,284
80$22,799,921$13,094,860$11,063,975$18,817,272
81$25,065,974$13,676,970$11,375,080$20,280,026
82$27,561,290$14,285,728$11,694,732$21,874,049
83$30,309,194$14,922,380$12,023,157$23,611,986
84$33,335,388$15,588,233$12,360,589$25,507,742
85$36,668,195$16,284,654$12,707,267$27,576,604
86$40,338,826$17,013,077$13,063,435$29,835,382
87$44,381,671$17,775,003$13,429,345$32,302,568
88$48,834,627$18,572,004$13,805,254$34,998,497
89$53,739,455$19,405,728$14,191,425$37,945,541
90$59,142,171$20,277,900$14,588,130$41,168,309
91$65,093,485$21,190,330$14,995,645$44,693,878
92$71,649,276$22,144,912$15,414,255$48,552,041
93$78,871,120$23,143,630$15,844,249$52,775,579
94$86,826,870$24,188,564$16,285,928$57,400,569
95$95,591,301$25,281,893$16,739,596$62,466,714
96$105,246,808$26,425,900$17,205,567$68,017,712
97$115,884,190$27,622,977$17,684,161$74,101,659
98$127,603,505$28,875,630$18,175,708$80,771,498
99$140,515,012$30,186,486$18,680,545$88,085,509
100$154,740,216$31,558,297$19,199,015$96,107,850