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%13.2%
1 years$693,664$687,485$681,457$675,573$669,828$660,910
2 years$343,398$337,003$330,804$324,795$318,966$309,995
3 years$226,658$220,235$214,052$208,099$202,365$193,621
4 years$168,299$161,896$155,775$149,924$144,328$135,878
5 years$133,293$126,928$120,888$115,156$109,716$101,584
6 years$109,964$103,647$97,695$92,091$86,815$79,010
7 years$93,306$87,042$81,185$75,713$70,604$63,130
8 years$80,819$74,611$68,852$63,514$58,572$51,429
9 years$71,111$64,963$59,302$54,100$49,326$42,510
10 years$63,350$57,261$51,701$46,634$42,029$35,534
11 years$57,004$50,976$45,517$40,586$36,146$29,967
12 years$51,719$45,754$40,395$35,599$31,323$25,453
13 years$47,251$41,348$36,090$31,429$27,315$21,745
14 years$43,425$37,584$32,427$27,899$23,944$18,667
15 years$40,111$34,334$29,277$24,881$21,082$16,089
16 years$37,215$31,501$26,544$22,278$18,632$13,914
17 years$34,662$29,011$24,154$20,017$16,521$12,067
18 years$32,396$26,807$22,050$18,039$14,689$10,490
19 years$30,370$24,845$20,185$16,300$13,093$9,139
20 years$28,549$23,087$18,525$14,763$11,695$7,976
21 years$26,904$21,505$17,040$13,398$10,466$6,972
22 years$25,410$20,074$15,705$12,182$9,381$6,102
23 years$24,048$18,775$14,500$11,094$8,421$5,347
24 years$22,802$17,591$13,410$10,119$7,569$4,690
25 years$21,656$16,508$12,421$9,241$6,811$4,117
26 years$20,601$15,515$11,520$8,449$6,135$3,617
27 years$19,626$14,601$10,697$7,734$5,531$3,180
28 years$18,722$13,759$9,944$7,086$4,991$2,797
29 years$17,882$12,980$9,254$6,498$4,507$2,462
30 years$17,099$12,258$8,620$5,964$4,072$2,168
31 years$16,368$11,588$8,036$5,477$3,682$1,909
32 years$15,684$10,964$7,498$5,034$3,330$1,682
33 years$15,043$10,383$7,001$4,629$3,014$1,483
34 years$14,441$9,841$6,541$4,259$2,729$1,307
35 years$13,875$9,334$6,115$3,921$2,471$1,153
36 years$13,341$8,860$5,721$3,611$2,239$1,017
37 years$12,837$8,415$5,354$3,327$2,030$897
38 years$12,361$7,997$5,014$3,066$1,840$792
39 years$11,911$7,604$4,698$2,827$1,669$699
40 years$11,484$7,235$4,403$2,608$1,513$616
41 years$11,079$6,887$4,129$2,406$1,373$544
42 years$10,694$6,559$3,873$2,221$1,246$480
43 years$10,329$6,249$3,634$2,050$1,131$424
44 years$9,980$5,957$3,411$1,893$1,026$374
45 years$9,649$5,680$3,203$1,748$932$331
46 years$9,332$5,419$3,009$1,615$846$292
47 years$9,030$5,171$2,826$1,492$768$258
48 years$8,741$4,937$2,656$1,378$698$228
49 years$8,465$4,714$2,497$1,274$634$201
50 years$8,201$4,503$2,347$1,177$575$178

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 $2,434 every year, while hoping to spend $32,941 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: 65/25/10 Blend
69$8,400,000$8,400,000$8,400,000$8,400,000
70$9,259,311$8,814,111$8,683,911$9,841,221
71$10,168,711$9,210,953$8,939,773$10,626,216
72$11,169,767$9,626,137$9,203,102$11,479,460
73$12,271,791$10,060,526$9,474,114$12,410,861
74$13,485,048$10,515,025$9,753,030$13,428,031
75$14,820,844$10,990,583$10,040,079$14,539,343
76$16,291,642$11,488,193$10,335,493$15,754,007
77$17,911,172$12,008,898$10,639,515$17,082,158
78$19,694,565$12,553,786$10,952,392$18,534,943
79$21,658,491$13,124,003$11,274,378$20,124,633
80$23,821,324$13,720,745$11,605,736$21,864,727
81$26,203,305$14,345,268$11,946,734$23,770,084
82$28,826,744$14,998,888$12,297,651$25,857,055
83$31,716,220$15,682,982$12,658,771$28,143,639
84$34,898,821$16,398,994$13,030,386$30,649,648
85$38,404,395$17,148,439$13,412,798$33,396,890
86$42,265,833$17,932,902$13,806,317$36,409,373
87$46,519,379$18,754,046$14,211,260$39,713,528
88$51,204,974$19,613,613$14,627,955$43,338,456
89$56,366,629$20,513,428$15,056,740$47,316,194
90$62,052,844$21,455,404$15,497,959$51,682,021
91$68,317,062$22,441,547$15,951,969$56,474,781
92$75,218,178$23,473,958$16,419,135$61,737,250
93$82,821,090$24,554,840$16,899,834$67,516,530
94$91,197,314$25,686,500$17,394,452$73,864,495
95$100,425,661$26,871,359$17,903,386$80,838,272
96$110,592,974$28,111,952$18,427,046$88,500,775
97$121,794,957$29,410,936$18,965,851$96,921,295
98$134,137,068$30,771,098$19,520,233$106,176,151
99$147,735,525$32,195,358$20,090,636$116,349,397
100$162,718,393$33,686,775$20,677,517$127,533,619