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%16.1%
1 years$668,890$662,932$657,119$651,446$645,905$629,780
2 years$331,134$324,967$318,990$313,195$307,574$291,430
3 years$218,563$212,369$206,408$200,667$195,138$179,480
4 years$162,289$156,114$150,212$144,569$139,174$124,122
5 years$128,533$122,395$116,571$111,043$105,798$91,395
6 years$106,036$99,945$94,206$88,802$83,714$69,974
7 years$89,974$83,934$78,286$73,009$68,082$55,007
8 years$77,932$71,947$66,393$61,245$56,481$44,064
9 years$68,572$62,642$57,184$52,168$47,565$35,796
10 years$61,087$55,216$49,854$44,969$40,528$29,393
11 years$54,968$49,156$43,891$39,136$34,855$24,339
12 years$49,872$44,120$38,952$34,328$30,205$20,288
13 years$45,564$39,871$34,801$30,306$26,339$17,003
14 years$41,874$36,242$31,269$26,903$23,089$14,312
15 years$38,679$33,108$28,232$23,992$20,329$12,091
16 years$35,886$30,376$25,596$21,483$17,967$10,245
17 years$33,424$27,975$23,291$19,302$15,931$8,702
18 years$31,239$25,850$21,262$17,395$14,165$7,407
19 years$29,285$23,957$19,464$15,718$12,625$6,316
20 years$27,529$22,262$17,863$14,236$11,277$5,394
21 years$25,943$20,737$16,431$12,920$10,092$4,612
22 years$24,502$19,357$15,144$11,747$9,046$3,947
23 years$23,189$18,104$13,983$10,698$8,120$3,382
24 years$21,987$16,962$12,931$9,757$7,299$2,899
25 years$20,883$15,918$11,977$8,911$6,568$2,487
26 years$19,866$14,961$11,108$8,148$5,916$2,135
27 years$18,925$14,080$10,315$7,458$5,334$1,834
28 years$18,053$13,267$9,589$6,833$4,813$1,575
29 years$17,243$12,516$8,923$6,266$4,346$1,354
30 years$16,488$11,820$8,312$5,751$3,927$1,164
31 years$15,783$11,174$7,749$5,281$3,550$1,001
32 years$15,124$10,573$7,230$4,854$3,211$861
33 years$14,506$10,013$6,751$4,463$2,906$741
34 years$13,925$9,490$6,307$4,107$2,631$637
35 years$13,379$9,001$5,897$3,781$2,383$549
36 years$12,865$8,543$5,516$3,482$2,159$472
37 years$12,379$8,114$5,163$3,208$1,957$406
38 years$11,920$7,711$4,835$2,957$1,774$350
39 years$11,486$7,333$4,530$2,726$1,609$301
40 years$11,074$6,976$4,246$2,515$1,459$259
41 years$10,683$6,641$3,981$2,320$1,324$223
42 years$10,312$6,325$3,735$2,141$1,201$192
43 years$9,960$6,026$3,504$1,977$1,090$166
44 years$9,624$5,744$3,290$1,825$990$143
45 years$9,304$5,477$3,089$1,685$898$123
46 years$8,999$5,225$2,901$1,557$816$106
47 years$8,708$4,987$2,726$1,438$741$91
48 years$8,429$4,760$2,561$1,329$673$78
49 years$8,163$4,546$2,407$1,228$611$68
50 years$7,908$4,342$2,263$1,135$555$58

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 $2,689 every year, while hoping to spend $26,257 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: 44/38/18 Blend
69$8,100,000$8,100,000$8,100,000$8,100,000
70$8,928,974$8,499,674$8,374,124$9,275,266
71$9,811,792$8,888,220$8,626,720$9,907,335
72$10,783,777$9,294,926$8,886,897$10,589,215
73$11,853,998$9,720,652$9,154,883$11,327,763
74$13,032,444$10,166,303$9,430,911$12,128,227
75$14,330,126$10,632,825$9,715,219$12,996,369
76$15,759,175$11,121,210$10,008,055$13,938,512
77$17,332,960$11,632,498$10,309,674$14,961,601
78$19,066,211$12,167,779$10,620,337$16,073,259
79$20,975,160$12,728,196$10,940,314$17,281,865
80$23,077,694$13,314,945$11,269,882$18,596,620
81$25,393,523$13,929,282$11,609,328$20,027,634
82$27,944,367$14,572,521$11,958,944$21,586,018
83$30,754,159$15,246,041$12,319,036$23,283,982
84$33,849,273$15,951,286$12,689,913$25,134,949
85$37,258,771$16,689,772$13,071,898$27,153,674
86$41,014,680$17,463,085$13,465,320$29,356,380
87$45,152,290$18,272,889$13,870,521$31,760,905
88$49,710,491$19,120,928$14,287,851$34,386,867
89$54,732,138$20,009,030$14,717,671$37,255,841
90$60,264,454$20,939,111$15,160,351$40,391,559
91$66,359,481$21,913,179$15,616,275$43,820,124
92$73,074,563$22,933,341$16,085,836$47,570,256
93$80,472,897$24,001,802$16,569,439$51,673,552
94$88,624,119$25,120,877$17,067,502$56,164,778
95$97,604,970$26,292,991$17,580,454$61,082,191
96$107,500,015$27,520,686$18,108,738$66,467,890
97$118,402,444$28,806,627$18,652,808$72,368,207
98$130,414,950$30,153,608$19,213,133$78,834,139
99$143,650,698$31,564,559$19,790,197$85,921,814
100$158,234,395$33,042,548$20,384,495$93,693,017