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

Use the below retirement simulation to view the chances of a successful retirement.
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%12.9%
1 years$701,922$695,670$689,570$683,616$677,802$669,610
2 years$347,486$341,015$334,743$328,661$322,763$314,518
3 years$229,356$222,857$216,601$210,577$204,774$196,733
4 years$170,303$163,823$157,630$151,709$146,047$138,272
5 years$134,880$128,439$122,327$116,527$111,022$103,536
6 years$111,273$104,880$98,859$93,187$87,848$80,659
7 years$94,417$88,078$82,152$76,614$71,444$64,555
8 years$81,781$75,500$69,671$64,270$59,270$52,681
9 years$71,958$65,736$60,008$54,744$49,914$43,622
10 years$64,104$57,943$52,316$47,190$42,529$36,530
11 years$57,683$51,583$46,058$41,069$36,576$30,864
12 years$52,335$46,298$40,876$36,023$31,696$26,265
13 years$47,814$41,840$36,520$31,803$27,640$22,483
14 years$43,942$38,032$32,813$28,231$24,229$19,339
15 years$40,589$34,743$29,626$25,177$21,333$16,702
16 years$37,658$31,876$26,860$22,544$18,854$14,474
17 years$35,075$29,356$24,442$20,255$16,717$12,579
18 years$32,781$27,126$22,312$18,254$14,864$10,960
19 years$30,731$25,141$20,426$16,494$13,249$9,569
20 years$28,889$23,362$18,746$14,939$11,834$8,369
21 years$27,224$21,761$17,242$13,558$10,590$7,332
22 years$25,712$20,313$15,892$12,327$9,493$6,432
23 years$24,334$18,998$14,673$11,226$8,521$5,649
24 years$23,073$17,800$13,570$10,239$7,659$4,966
25 years$21,914$16,704$12,569$9,351$6,892$4,370
26 years$20,847$15,699$11,657$8,550$6,208$3,849
27 years$19,860$14,775$10,824$7,826$5,597$3,392
28 years$18,945$13,922$10,063$7,170$5,050$2,991
29 years$18,094$13,134$9,364$6,575$4,560$2,638
30 years$17,302$12,404$8,722$6,035$4,121$2,329
31 years$16,563$11,726$8,132$5,542$3,725$2,056
32 years$15,871$11,095$7,587$5,093$3,370$1,817
33 years$15,222$10,507$7,084$4,684$3,050$1,605
34 years$14,613$9,958$6,619$4,310$2,761$1,419
35 years$14,040$9,445$6,188$3,967$2,501$1,254
36 years$13,500$8,965$5,789$3,654$2,266$1,109
37 years$12,990$8,515$5,418$3,366$2,054$981
38 years$12,509$8,092$5,074$3,103$1,862$868
39 years$12,053$7,695$4,754$2,861$1,688$768
40 years$11,621$7,321$4,456$2,639$1,531$679
41 years$11,211$6,969$4,178$2,435$1,389$601
42 years$10,822$6,637$3,919$2,247$1,261$532
43 years$10,452$6,324$3,678$2,074$1,144$471
44 years$10,099$6,028$3,452$1,915$1,039$417
45 years$9,763$5,748$3,241$1,769$943$369
46 years$9,443$5,483$3,044$1,634$856$327
47 years$9,138$5,233$2,860$1,509$777$289
48 years$8,846$4,995$2,688$1,395$706$256
49 years$8,566$4,770$2,526$1,289$641$227
50 years$8,299$4,557$2,375$1,191$582$201

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 $6,814 every year, while hoping to spend $41,485 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: 45/37/18 Blend
69$8,500,000$8,500,000$8,500,000$8,500,000
70$9,374,029$8,923,529$8,791,779$9,747,112
71$10,286,040$9,316,642$9,042,164$10,402,121
72$11,289,686$9,727,627$9,299,546$11,107,323
73$12,394,269$10,157,317$9,564,116$11,871,180
74$13,610,041$10,606,581$9,836,071$12,699,150
75$14,948,296$11,076,334$10,115,609$13,597,225
76$16,421,478$11,567,531$10,402,938$14,571,987
77$18,043,302$12,081,173$10,698,270$15,630,663
78$19,828,876$12,618,308$11,001,819$16,781,194
79$21,794,852$13,180,035$11,313,811$18,032,306
80$23,959,575$13,767,505$11,634,472$19,393,584
81$26,343,262$14,381,924$11,964,037$20,875,566
82$28,968,189$15,024,552$12,302,747$22,489,834
83$31,858,903$15,696,714$12,650,847$24,249,120
84$35,042,453$16,399,794$13,008,592$26,167,421
85$38,548,644$17,135,245$13,376,240$28,260,131
86$42,410,320$17,904,586$13,754,059$30,544,176
87$46,663,672$18,709,411$14,142,320$33,038,174
88$51,348,583$19,551,388$14,541,304$35,762,601
89$56,508,999$20,432,267$14,951,298$38,739,983
90$62,193,348$21,353,879$15,372,597$41,995,101
91$68,454,994$22,318,143$15,805,504$45,555,221
92$75,352,742$23,327,071$16,250,327$49,450,341
93$82,951,394$24,382,770$16,707,385$53,713,474
94$91,322,358$25,487,447$17,177,004$58,380,949
95$100,544,322$26,643,416$17,659,517$63,492,748
96$110,704,000$27,853,100$18,155,268$69,092,877
97$121,896,946$29,119,040$18,664,608$75,229,772
98$134,228,458$30,443,897$19,187,896$81,956,751
99$147,814,573$31,830,459$19,725,502$89,332,507
100$162,783,157$33,281,650$20,277,804$97,421,656