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%13.5%
1 years$701,922$695,670$689,570$683,616$677,802$667,949
2 years$347,486$341,015$334,743$328,661$322,763$312,857
3 years$229,356$222,857$216,601$210,577$204,774$195,123
4 years$170,303$163,823$157,630$151,709$146,047$136,725
5 years$134,880$128,439$122,327$116,527$111,022$102,057
6 years$111,273$104,880$98,859$93,187$87,848$79,249
7 years$94,417$88,078$82,152$76,614$71,444$63,215
8 years$81,781$75,500$69,671$64,270$59,270$51,409
9 years$71,958$65,736$60,008$54,744$49,914$42,418
10 years$64,104$57,943$52,316$47,190$42,529$35,393
11 years$57,683$51,583$46,058$41,069$36,576$29,792
12 years$52,335$46,298$40,876$36,023$31,696$25,256
13 years$47,814$41,840$36,520$31,803$27,640$21,535
14 years$43,942$38,032$32,813$28,231$24,229$18,449
15 years$40,589$34,743$29,626$25,177$21,333$15,869
16 years$37,658$31,876$26,860$22,544$18,854$13,695
17 years$35,075$29,356$24,442$20,255$16,717$11,852
18 years$32,781$27,126$22,312$18,254$14,864$10,281
19 years$30,731$25,141$20,426$16,494$13,249$8,937
20 years$28,889$23,362$18,746$14,939$11,834$7,782
21 years$27,224$21,761$17,242$13,558$10,590$6,787
22 years$25,712$20,313$15,892$12,327$9,493$5,927
23 years$24,334$18,998$14,673$11,226$8,521$5,181
24 years$23,073$17,800$13,570$10,239$7,659$4,534
25 years$21,914$16,704$12,569$9,351$6,892$3,971
26 years$20,847$15,699$11,657$8,550$6,208$3,480
27 years$19,860$14,775$10,824$7,826$5,597$3,052
28 years$18,945$13,922$10,063$7,170$5,050$2,679
29 years$18,094$13,134$9,364$6,575$4,560$2,352
30 years$17,302$12,404$8,722$6,035$4,121$2,066
31 years$16,563$11,726$8,132$5,542$3,725$1,815
32 years$15,871$11,095$7,587$5,093$3,370$1,595
33 years$15,222$10,507$7,084$4,684$3,050$1,403
34 years$14,613$9,958$6,619$4,310$2,761$1,233
35 years$14,040$9,445$6,188$3,967$2,501$1,085
36 years$13,500$8,965$5,789$3,654$2,266$955
37 years$12,990$8,515$5,418$3,366$2,054$840
38 years$12,509$8,092$5,074$3,103$1,862$739
39 years$12,053$7,695$4,754$2,861$1,688$651
40 years$11,621$7,321$4,456$2,639$1,531$573
41 years$11,211$6,969$4,178$2,435$1,389$504
42 years$10,822$6,637$3,919$2,247$1,261$444
43 years$10,452$6,324$3,678$2,074$1,144$391
44 years$10,099$6,028$3,452$1,915$1,039$344
45 years$9,763$5,748$3,241$1,769$943$303
46 years$9,443$5,483$3,044$1,634$856$267
47 years$9,138$5,233$2,860$1,509$777$235
48 years$8,846$4,995$2,688$1,395$706$207
49 years$8,566$4,770$2,526$1,289$641$182
50 years$8,299$4,557$2,375$1,191$582$161

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 $5,784 every year, while hoping to spend $41,069 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: 81/8/11 Blend
69$8,500,000$8,500,000$8,500,000$8,500,000
70$9,372,966$8,922,466$8,790,716$10,114,105
71$10,285,312$9,315,970$9,041,508$10,994,498
72$11,289,340$9,727,379$9,299,325$11,954,673
73$12,394,359$10,157,527$9,564,359$13,007,392
74$13,610,626$10,607,288$9,836,807$14,161,905
75$14,949,441$11,077,577$10,116,872$15,428,400
76$16,423,257$11,569,351$10,404,760$16,818,097
77$18,045,795$12,083,615$10,700,685$18,343,351
78$19,832,174$12,621,420$11,004,866$20,017,772
79$21,799,054$13,183,867$11,317,527$21,856,347
80$23,964,791$13,772,110$11,638,897$23,875,587
81$26,349,613$14,387,357$11,969,214$26,093,675
82$28,975,811$15,030,875$12,308,720$28,530,642
83$31,867,944$15,703,989$12,657,663$31,208,550
84$35,053,078$16,408,088$13,016,298$34,151,704
85$38,561,036$17,144,628$13,384,888$37,386,877
86$42,424,681$17,915,134$13,763,701$40,943,561
87$46,680,225$18,721,202$14,153,012$44,854,247
88$51,367,575$19,564,508$14,553,104$49,154,727
89$56,530,702$20,446,803$14,964,267$53,884,433
90$62,218,062$21,369,925$15,386,799$59,086,806
91$68,483,052$22,335,798$15,821,004$64,809,704
92$75,384,511$23,346,440$16,267,196$71,105,853
93$82,987,279$24,403,964$16,725,695$78,033,346
94$91,362,806$25,510,583$17,196,830$85,656,183
95$100,589,828$26,668,617$17,680,940$94,044,879
96$110,755,108$27,880,497$18,178,369$103,277,125
97$121,954,259$29,148,771$18,689,474$113,438,518
98$134,292,639$30,476,107$19,214,618$124,623,373
99$147,886,355$31,865,303$19,754,174$136,935,603
100$162,863,349$33,319,289$20,308,525$150,489,703