Can I retire at age 70 with 8,300,000?

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 $8,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$685,406$679,301$673,344$667,531$661,854$652,772
2 years$339,310$332,991$326,866$320,928$315,168$306,035
3 years$223,960$217,613$211,504$205,622$199,956$191,054
4 years$166,296$159,969$153,921$148,139$142,610$134,009
5 years$131,707$125,417$119,449$113,785$108,410$100,134
6 years$108,655$102,413$96,532$90,995$85,781$77,841
7 years$92,195$86,006$80,219$74,812$69,763$62,161
8 years$79,857$73,723$68,032$62,758$57,875$50,610
9 years$70,265$64,189$58,596$53,456$48,739$41,808
10 years$62,596$56,580$51,085$46,079$41,528$34,926
11 years$56,325$50,370$44,975$40,103$35,716$29,436
12 years$51,104$45,209$39,914$35,176$30,950$24,986
13 years$46,689$40,856$35,660$31,055$26,989$21,333
14 years$42,908$37,137$32,041$27,567$23,659$18,301
15 years$39,634$33,925$28,929$24,585$20,831$15,762
16 years$36,772$31,126$26,228$22,013$18,411$13,622
17 years$34,250$28,665$23,867$19,779$16,324$11,805
18 years$32,010$26,488$21,787$17,824$14,515$10,256
19 years$30,008$24,549$19,945$16,106$12,937$8,928
20 years$28,209$22,812$18,305$14,587$11,556$7,786
21 years$26,583$21,249$16,837$13,239$10,341$6,800
22 years$25,107$19,835$15,518$12,037$9,269$5,947
23 years$23,762$18,551$14,328$10,962$8,321$5,207
24 years$22,530$17,381$13,251$9,998$7,479$4,564
25 years$21,399$16,311$12,273$9,131$6,730$4,004
26 years$20,356$15,330$11,382$8,349$6,062$3,515
27 years$19,392$14,427$10,570$7,642$5,465$3,087
28 years$18,499$13,595$9,826$7,002$4,931$2,714
29 years$17,669$12,825$9,144$6,421$4,453$2,386
30 years$16,895$12,112$8,517$5,893$4,024$2,099
31 years$16,173$11,450$7,940$5,412$3,638$1,848
32 years$15,497$10,834$7,408$4,974$3,291$1,627
33 years$14,864$10,260$6,917$4,574$2,978$1,433
34 years$14,269$9,724$6,463$4,208$2,696$1,262
35 years$13,710$9,223$6,042$3,874$2,442$1,112
36 years$13,182$8,754$5,653$3,568$2,213$980
37 years$12,685$8,314$5,291$3,287$2,005$864
38 years$12,214$7,902$4,955$3,030$1,818$761
39 years$11,769$7,514$4,642$2,794$1,649$671
40 years$11,347$7,149$4,351$2,577$1,495$592
41 years$10,947$6,805$4,080$2,377$1,357$522
42 years$10,567$6,481$3,827$2,194$1,231$461
43 years$10,206$6,175$3,591$2,025$1,117$406
44 years$9,862$5,886$3,371$1,870$1,014$358
45 years$9,534$5,613$3,165$1,727$921$316
46 years$9,221$5,354$2,973$1,595$836$279
47 years$8,923$5,110$2,793$1,474$759$246
48 years$8,637$4,878$2,624$1,362$689$217
49 years$8,365$4,658$2,467$1,259$626$192
50 years$8,104$4,450$2,319$1,163$569$169

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,300,000, adding $2,790 every year, while hoping to spend $25,691 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: 71/10/19 Blend
69$8,300,000$8,300,000$8,300,000$8,300,000
70$9,149,478$8,709,578$8,580,928$9,757,122
71$10,055,390$9,109,012$8,841,054$10,561,434
72$11,052,843$9,527,158$9,109,033$11,438,419
73$12,151,149$9,964,904$9,385,102$12,397,960
74$13,360,566$10,423,184$9,669,502$13,448,228
75$14,692,398$10,902,975$9,962,485$14,598,221
76$16,159,103$11,405,300$10,264,308$15,857,843
77$17,774,405$11,931,234$10,575,237$17,237,998
78$19,553,432$12,481,902$10,895,544$18,750,693
79$21,512,849$13,058,482$11,225,512$20,409,148
80$23,671,024$13,662,212$11,565,431$22,227,918
81$26,048,193$14,294,386$11,915,598$24,223,034
82$28,666,661$14,956,362$12,276,322$26,412,148
83$31,551,000$15,649,564$12,647,919$28,814,700
84$34,728,293$16,375,483$13,030,715$31,452,099
85$38,228,381$17,135,684$13,425,046$34,347,924
86$42,084,149$17,931,806$13,831,259$37,528,144
87$46,331,834$18,765,567$14,249,708$41,021,363
88$51,011,369$19,638,767$14,680,761$44,859,085
89$56,166,758$20,553,295$15,124,795$49,076,013
90$61,846,491$21,511,131$15,582,200$53,710,372
91$68,104,005$22,514,348$16,053,375$58,804,265
92$74,998,184$23,565,122$16,538,734$64,404,077
93$82,593,918$24,665,732$17,038,701$70,560,899
94$90,962,714$25,818,569$17,553,713$77,331,018
95$100,183,369$27,026,137$18,084,221$84,776,437
96$110,342,719$28,291,064$18,630,688$92,965,465
97$121,536,452$29,616,103$19,193,593$101,973,354
98$133,870,018$31,004,139$19,773,426$111,883,008
99$147,459,619$32,458,201$20,370,694$122,785,763
100$162,433,306$33,981,459$20,985,919$134,782,246