Can I retire at age 70 with 8,400,000?

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 $8,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$693,664$687,485$681,457$675,573$669,828$647,868
2 years$343,398$337,003$330,804$324,795$318,966$297,051
3 years$226,658$220,235$214,052$208,099$202,365$181,183
4 years$168,299$161,896$155,775$149,924$144,328$124,042
5 years$133,293$126,928$120,888$115,156$109,716$90,379
6 years$109,964$103,647$97,695$92,091$86,815$68,443
7 years$93,306$87,042$81,185$75,713$70,604$53,195
8 years$80,819$74,611$68,852$63,514$58,572$42,114
9 years$71,111$64,963$59,302$54,100$49,326$33,800
10 years$63,350$57,261$51,701$46,634$42,029$27,409
11 years$57,004$50,976$45,517$40,586$36,146$22,405
12 years$51,719$45,754$40,395$35,599$31,323$18,432
13 years$47,251$41,348$36,090$31,429$27,315$15,240
14 years$43,425$37,584$32,427$27,899$23,944$12,652
15 years$40,111$34,334$29,277$24,881$21,082$10,539
16 years$37,215$31,501$26,544$22,278$18,632$8,802
17 years$34,662$29,011$24,154$20,017$16,521$7,369
18 years$32,396$26,807$22,050$18,039$14,689$6,180
19 years$30,370$24,845$20,185$16,300$13,093$5,191
20 years$28,549$23,087$18,525$14,763$11,695$4,366
21 years$26,904$21,505$17,040$13,398$10,466$3,676
22 years$25,410$20,074$15,705$12,182$9,381$3,097
23 years$24,048$18,775$14,500$11,094$8,421$2,612
24 years$22,802$17,591$13,410$10,119$7,569$2,204
25 years$21,656$16,508$12,421$9,241$6,811$1,861
26 years$20,601$15,515$11,520$8,449$6,135$1,572
27 years$19,626$14,601$10,697$7,734$5,531$1,328
28 years$18,722$13,759$9,944$7,086$4,991$1,123
29 years$17,882$12,980$9,254$6,498$4,507$949
30 years$17,099$12,258$8,620$5,964$4,072$803
31 years$16,368$11,588$8,036$5,477$3,682$679
32 years$15,684$10,964$7,498$5,034$3,330$575
33 years$15,043$10,383$7,001$4,629$3,014$486
34 years$14,441$9,841$6,541$4,259$2,729$411
35 years$13,875$9,334$6,115$3,921$2,471$348
36 years$13,341$8,860$5,721$3,611$2,239$295
37 years$12,837$8,415$5,354$3,327$2,030$249
38 years$12,361$7,997$5,014$3,066$1,840$211
39 years$11,911$7,604$4,698$2,827$1,669$179
40 years$11,484$7,235$4,403$2,608$1,513$151
41 years$11,079$6,887$4,129$2,406$1,373$128
42 years$10,694$6,559$3,873$2,221$1,246$108
43 years$10,329$6,249$3,634$2,050$1,131$92
44 years$9,980$5,957$3,411$1,893$1,026$78
45 years$9,649$5,680$3,203$1,748$932$66
46 years$9,332$5,419$3,009$1,615$846$56
47 years$9,030$5,171$2,826$1,492$768$47
48 years$8,741$4,937$2,656$1,378$698$40
49 years$8,465$4,714$2,497$1,274$634$34
50 years$8,201$4,503$2,347$1,177$575$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,400,000, adding $4,600 every year, while hoping to spend $40,556 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: 37/33/30 Blend
69$8,400,000$8,400,000$8,400,000$8,400,000
70$9,261,545$8,816,345$8,686,145$9,521,092
71$10,163,071$9,205,195$8,933,979$10,103,193
72$11,155,194$9,611,739$9,188,757$10,727,535
73$12,247,111$10,036,801$9,450,668$11,401,193
74$13,448,958$10,481,245$9,719,907$12,128,657
75$14,771,901$10,945,976$9,996,673$12,914,856
76$16,228,245$11,431,939$10,281,172$13,765,199
77$17,831,549$11,940,127$10,573,614$14,685,623
78$19,596,753$12,471,580$10,874,216$15,682,647
79$21,540,319$13,027,384$11,183,200$16,763,428
80$23,680,387$13,608,681$11,500,792$17,935,827
81$26,036,945$14,216,665$11,827,227$19,208,482
82$28,632,018$14,852,586$12,162,744$20,590,879
83$31,489,876$15,517,756$12,507,588$22,093,446
84$34,637,264$16,213,546$12,862,013$23,727,639
85$38,103,652$16,941,396$13,226,277$25,506,054
86$41,921,512$17,702,813$13,600,645$27,442,535
87$46,126,630$18,499,374$13,985,391$29,552,304
88$50,758,437$19,332,735$14,380,792$31,852,099
89$55,860,386$20,204,627$14,787,137$34,360,325
90$61,480,358$21,116,866$15,204,719$37,097,225
91$67,671,117$22,071,355$15,633,839$40,085,066
92$74,490,806$23,070,086$16,074,808$43,348,341
93$82,003,496$24,115,148$16,527,941$46,913,995
94$90,279,791$25,208,729$16,993,566$50,811,675
95$99,397,494$26,353,122$17,472,015$55,074,002
96$109,442,342$27,550,728$17,963,631$59,736,873
97$120,508,813$28,804,065$18,468,764$64,839,789
98$132,701,019$30,115,772$18,987,775$70,426,226
99$146,133,690$31,488,612$19,521,033$76,544,037
100$160,933,254$32,925,482$20,068,915$83,245,891