Can I retire at age 70 with 8,500,000?

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 $8,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$701,922$695,670$689,570$683,616$677,802$669,888
2 years$347,486$341,015$334,743$328,661$322,763$314,797
3 years$229,356$222,857$216,601$210,577$204,774$197,004
4 years$170,303$163,823$157,630$151,709$146,047$138,532
5 years$134,880$128,439$122,327$116,527$111,022$103,785
6 years$111,273$104,880$98,859$93,187$87,848$80,897
7 years$94,417$88,078$82,152$76,614$71,444$64,782
8 years$81,781$75,500$69,671$64,270$59,270$52,896
9 years$71,958$65,736$60,008$54,744$49,914$43,825
10 years$64,104$57,943$52,316$47,190$42,529$36,722
11 years$57,683$51,583$46,058$41,069$36,576$31,047
12 years$52,335$46,298$40,876$36,023$31,696$26,437
13 years$47,814$41,840$36,520$31,803$27,640$22,645
14 years$43,942$38,032$32,813$28,231$24,229$19,491
15 years$40,589$34,743$29,626$25,177$21,333$16,845
16 years$37,658$31,876$26,860$22,544$18,854$14,608
17 years$35,075$29,356$24,442$20,255$16,717$12,705
18 years$32,781$27,126$22,312$18,254$14,864$11,077
19 years$30,731$25,141$20,426$16,494$13,249$9,678
20 years$28,889$23,362$18,746$14,939$11,834$8,471
21 years$27,224$21,761$17,242$13,558$10,590$7,427
22 years$25,712$20,313$15,892$12,327$9,493$6,520
23 years$24,334$18,998$14,673$11,226$8,521$5,731
24 years$23,073$17,800$13,570$10,239$7,659$5,042
25 years$21,914$16,704$12,569$9,351$6,892$4,440
26 years$20,847$15,699$11,657$8,550$6,208$3,913
27 years$19,860$14,775$10,824$7,826$5,597$3,451
28 years$18,945$13,922$10,063$7,170$5,050$3,046
29 years$18,094$13,134$9,364$6,575$4,560$2,689
30 years$17,302$12,404$8,722$6,035$4,121$2,376
31 years$16,563$11,726$8,132$5,542$3,725$2,100
32 years$15,871$11,095$7,587$5,093$3,370$1,856
33 years$15,222$10,507$7,084$4,684$3,050$1,642
34 years$14,613$9,958$6,619$4,310$2,761$1,452
35 years$14,040$9,445$6,188$3,967$2,501$1,285
36 years$13,500$8,965$5,789$3,654$2,266$1,137
37 years$12,990$8,515$5,418$3,366$2,054$1,007
38 years$12,509$8,092$5,074$3,103$1,862$891
39 years$12,053$7,695$4,754$2,861$1,688$789
40 years$11,621$7,321$4,456$2,639$1,531$699
41 years$11,211$6,969$4,178$2,435$1,389$619
42 years$10,822$6,637$3,919$2,247$1,261$548
43 years$10,452$6,324$3,678$2,074$1,144$486
44 years$10,099$6,028$3,452$1,915$1,039$430
45 years$9,763$5,748$3,241$1,769$943$381
46 years$9,443$5,483$3,044$1,634$856$338
47 years$9,138$5,233$2,860$1,509$777$299
48 years$8,846$4,995$2,688$1,395$706$265
49 years$8,566$4,770$2,526$1,289$641$235
50 years$8,299$4,557$2,375$1,191$582$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,500,000, adding $4,097 every year, while hoping to spend $56,590 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: 50/40/10 Blend
69$8,500,000$8,500,000$8,500,000$8,500,000
70$9,371,226$8,920,726$8,788,976$9,814,710
71$10,266,880$9,297,630$9,023,195$10,495,336
72$11,251,994$9,691,106$9,263,365$11,228,198
73$12,335,633$10,101,906$9,509,623$12,023,250
74$13,527,785$10,530,817$9,762,113$12,886,341
75$14,839,455$10,978,663$10,020,980$13,823,896
76$16,282,768$11,446,306$10,286,371$14,842,971
77$17,871,084$11,934,649$10,558,439$15,951,324
78$19,619,124$12,444,637$10,837,336$17,157,478
79$21,543,108$12,977,257$11,123,220$18,470,801
80$23,660,907$13,533,545$11,416,250$19,901,591
81$25,992,214$14,114,583$11,716,589$21,461,170
82$28,558,729$14,721,506$12,024,403$23,161,989
83$31,384,360$15,355,501$12,339,861$25,017,735
84$34,495,453$16,017,809$12,663,135$27,043,466
85$37,921,040$16,709,732$12,994,401$29,255,742
86$41,693,109$17,432,632$13,333,836$31,672,777
87$45,846,908$18,187,933$13,681,622$34,314,612
88$50,421,280$18,977,129$14,037,943$37,203,294
89$55,459,024$19,801,782$14,402,988$40,363,080
90$61,007,304$20,663,528$14,776,947$43,820,665
91$67,118,089$21,564,081$15,160,015$47,605,422
92$73,848,647$22,505,234$15,552,389$51,749,680
93$81,262,085$23,488,866$15,954,269$56,289,020
94$89,427,940$24,516,944$16,365,860$61,262,603
95$98,422,842$25,591,526$16,787,369$66,713,538
96$108,331,232$26,714,771$17,219,006$72,689,279
97$119,246,159$27,888,936$17,660,984$79,242,067
98$131,270,161$29,116,388$18,113,520$86,429,414
99$144,516,229$30,399,602$18,576,835$94,314,642
100$159,108,877$31,741,175$19,051,151$102,967,469