Can I retire at age 70 with 8,200,000?

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 $8,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$677,148$671,117$665,232$659,488$653,880$632,190
2 years$335,222$328,979$322,928$317,062$311,371$289,729
3 years$221,261$214,991$208,956$203,144$197,547$176,632
4 years$164,292$158,041$152,066$146,354$140,892$120,865
5 years$130,120$123,906$118,010$112,414$107,104$88,018
6 years$107,345$101,179$95,369$89,898$84,748$66,619
7 years$91,085$84,970$79,252$73,910$68,922$51,747
8 years$78,894$72,835$67,212$62,002$57,178$40,944
9 years$69,418$63,416$57,890$52,812$48,152$32,840
10 years$61,842$55,898$50,470$45,524$41,028$26,614
11 years$55,647$49,763$44,433$39,620$35,285$21,742
12 years$50,488$44,664$39,433$34,752$30,578$17,874
13 years$46,126$40,363$35,231$30,681$26,664$14,769
14 years$42,391$36,689$31,655$27,235$23,374$12,252
15 years$39,156$33,516$28,580$24,289$20,580$10,199
16 years$36,329$30,751$25,912$21,748$18,189$8,512
17 years$33,837$28,320$23,579$19,540$16,127$7,120
18 years$31,624$26,169$21,525$17,610$14,340$5,967
19 years$29,647$24,253$19,705$15,912$12,781$5,008
20 years$27,869$22,537$18,084$14,411$11,416$4,209
21 years$26,263$20,993$16,634$13,079$10,216$3,541
22 years$24,805$19,596$15,331$11,892$9,158$2,982
23 years$23,475$18,328$14,155$10,830$8,220$2,512
24 years$22,259$17,172$13,091$9,878$7,389$2,118
25 years$21,141$16,115$12,125$9,021$6,649$1,787
26 years$20,111$15,145$11,245$8,248$5,989$1,508
27 years$19,159$14,254$10,442$7,550$5,400$1,274
28 years$18,276$13,431$9,707$6,917$4,872$1,076
29 years$17,456$12,671$9,034$6,343$4,399$909
30 years$16,692$11,966$8,414$5,822$3,975$768
31 years$15,978$11,312$7,845$5,347$3,594$649
32 years$15,311$10,703$7,319$4,914$3,251$549
33 years$14,685$10,136$6,834$4,519$2,942$464
34 years$14,097$9,607$6,385$4,157$2,664$392
35 years$13,544$9,112$5,970$3,827$2,413$332
36 years$13,023$8,649$5,585$3,525$2,186$280
37 years$12,532$8,214$5,227$3,248$1,981$237
38 years$12,067$7,806$4,895$2,993$1,796$201
39 years$11,627$7,423$4,586$2,760$1,629$170
40 years$11,211$7,062$4,298$2,546$1,477$143
41 years$10,815$6,723$4,031$2,349$1,340$121
42 years$10,440$6,403$3,781$2,168$1,216$103
43 years$10,083$6,100$3,548$2,001$1,104$87
44 years$9,743$5,815$3,330$1,848$1,002$73
45 years$9,419$5,545$3,127$1,706$910$62
46 years$9,110$5,290$2,937$1,576$826$53
47 years$8,815$5,048$2,759$1,456$750$44
48 years$8,533$4,819$2,593$1,346$681$38
49 years$8,264$4,602$2,437$1,244$619$32
50 years$8,006$4,396$2,291$1,149$562$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,200,000, adding $6,658 every year, while hoping to spend $43,821 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: 53/25/22 Blend
69$8,200,000$8,200,000$8,200,000$8,200,000
70$9,043,268$8,608,668$8,481,568$9,467,382
71$9,919,056$8,983,867$8,719,075$10,135,234
72$10,882,706$9,375,983$8,963,070$10,856,481
73$11,943,133$9,785,797$9,213,724$11,640,411
74$13,110,161$10,214,130$9,471,212$12,493,016
75$14,394,614$10,661,839$9,735,715$13,420,884
76$15,808,418$11,129,823$10,007,415$14,431,258
77$17,364,716$11,619,023$10,286,502$15,532,104
78$19,077,986$12,130,425$10,573,170$16,732,182
79$20,964,186$12,665,060$10,867,616$18,041,127
80$23,040,896$13,224,011$11,170,044$19,469,537
81$25,327,488$13,808,409$11,480,661$21,029,070
82$27,845,310$14,419,439$11,799,682$22,732,555
83$30,617,884$15,058,344$12,127,324$24,594,106
84$33,671,130$15,726,424$12,463,811$26,629,253
85$37,033,609$16,425,043$12,809,372$28,855,087
86$40,736,794$17,155,626$13,164,242$31,290,419
87$44,815,364$17,919,670$13,528,662$33,955,949
88$49,307,537$18,718,739$13,902,877$36,874,467
89$54,255,423$19,554,474$14,287,141$40,071,054
90$59,705,426$20,428,594$14,681,710$43,573,323
91$65,708,682$21,342,897$15,086,850$47,411,673
92$72,321,539$22,299,271$15,502,832$51,619,570
93$79,606,091$23,299,690$15,929,931$56,233,863
94$87,630,762$24,346,224$16,368,433$61,295,121
95$96,470,951$25,441,041$16,818,627$66,848,020
96$106,209,748$26,586,412$17,280,811$72,941,750
97$116,938,714$27,784,717$17,755,290$79,630,482
98$128,758,744$29,038,450$18,242,374$86,973,871
99$141,781,024$30,350,223$18,742,381$95,037,613
100$156,128,077$31,722,772$19,255,640$103,894,061