Can I retire at age 70 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$710,180$703,854$697,682$691,658$685,776$675,528
2 years$351,574$345,026$338,681$332,528$326,560$316,258
3 years$232,055$225,479$219,149$213,054$207,183$197,148
4 years$172,307$165,751$159,484$153,493$147,765$138,074
5 years$136,467$129,951$123,766$117,898$112,328$103,010
6 years$112,582$106,114$100,022$94,284$88,882$79,946
7 years$95,528$89,115$83,118$77,516$72,285$63,736
8 years$82,743$76,388$70,491$65,026$59,967$51,803
9 years$72,804$66,509$60,714$55,388$50,501$42,717
10 years$64,858$58,625$52,932$47,745$43,029$35,621
11 years$58,361$52,190$46,600$41,552$37,007$29,965
12 years$52,951$46,843$41,357$36,447$32,069$25,387
13 years$48,376$42,332$36,949$32,177$27,965$21,632
14 years$44,459$38,479$33,199$28,563$24,514$18,520
15 years$41,066$35,151$29,974$25,473$21,584$15,919
16 years$38,101$32,251$27,176$22,809$19,076$13,728
17 years$35,488$29,702$24,729$20,493$16,914$11,872
18 years$33,167$27,446$22,575$18,469$15,039$10,292
19 years$31,093$25,436$20,666$16,688$13,405$8,940
20 years$29,229$23,637$18,966$15,114$11,973$7,779
21 years$27,544$22,017$17,445$13,717$10,715$6,779
22 years$26,015$20,552$16,078$12,472$9,604$5,915
23 years$24,621$19,222$14,846$11,359$8,621$5,167
24 years$23,344$18,009$13,730$10,360$7,749$4,518
25 years$22,172$16,901$12,716$9,461$6,973$3,954
26 years$21,092$15,884$11,794$8,651$6,281$3,463
27 years$20,093$14,949$10,952$7,918$5,663$3,034
28 years$19,168$14,086$10,181$7,255$5,110$2,661
29 years$18,307$13,289$9,474$6,653$4,614$2,334
30 years$17,506$12,550$8,825$6,106$4,169$2,048
31 years$16,758$11,864$8,227$5,607$3,769$1,798
32 years$16,058$11,225$7,676$5,153$3,409$1,579
33 years$15,401$10,631$7,167$4,739$3,086$1,387
34 years$14,785$10,076$6,697$4,360$2,794$1,219
35 years$14,205$9,556$6,261$4,014$2,530$1,071
36 years$13,659$9,070$5,857$3,697$2,293$942
37 years$13,143$8,615$5,482$3,406$2,078$828
38 years$12,656$8,187$5,134$3,139$1,884$728
39 years$12,195$7,785$4,810$2,895$1,708$640
40 years$11,758$7,407$4,508$2,670$1,549$563
41 years$11,343$7,051$4,227$2,463$1,406$495
42 years$10,949$6,715$3,965$2,273$1,276$436
43 years$10,575$6,398$3,721$2,099$1,158$383
44 years$10,218$6,099$3,493$1,938$1,051$337
45 years$9,878$5,816$3,279$1,790$954$297
46 years$9,554$5,548$3,080$1,653$866$261
47 years$9,245$5,294$2,894$1,527$786$230
48 years$8,950$5,054$2,719$1,411$714$202
49 years$8,667$4,826$2,556$1,304$649$178
50 years$8,397$4,610$2,403$1,205$589$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,600,000, adding $5,374 every year, while hoping to spend $20,946 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: 69/12/19 Blend
69$8,600,000$8,600,000$8,600,000$8,600,000
70$9,482,743$9,026,943$8,893,643$10,092,742
71$10,427,697$9,446,977$9,169,294$10,920,567
72$11,468,333$9,886,891$9,453,477$11,823,085
73$12,614,391$10,347,636$9,746,456$12,810,113
74$13,876,599$10,830,210$10,048,503$13,889,991
75$15,266,782$11,335,661$10,359,898$15,071,895
76$16,797,969$11,865,083$10,680,929$16,365,928
77$18,484,518$12,419,628$11,011,896$17,783,209
78$20,342,249$13,000,500$11,353,104$19,335,982
79$22,388,596$13,608,962$11,704,871$21,037,724
80$24,642,770$14,246,339$12,067,522$22,903,272
81$27,125,943$14,914,019$12,441,394$24,948,967
82$29,861,442$15,613,459$12,826,834$27,192,797
83$32,874,974$16,346,184$13,224,198$29,654,572
84$36,194,868$17,113,793$13,633,855$32,356,106
85$39,852,341$17,917,965$14,056,185$35,321,422
86$43,881,792$18,760,458$14,491,580$38,576,974
87$48,321,129$19,643,115$14,940,442$42,151,900
88$53,212,125$20,567,869$15,403,188$46,078,286
89$58,600,814$21,536,746$15,880,247$50,391,475
90$64,537,922$22,551,872$16,372,060$55,130,394
91$71,079,350$23,615,473$16,879,084$60,337,917
92$78,286,697$24,729,886$17,401,787$66,061,271
93$86,227,848$25,897,558$17,940,655$72,352,476
94$94,977,608$27,121,057$18,496,186$79,268,833
95$104,618,410$28,403,075$19,068,894$86,873,465
96$115,241,096$29,746,434$19,659,310$95,235,904
97$126,945,772$31,154,093$20,267,981$104,432,750
98$139,842,752$32,629,155$20,895,470$114,548,383
99$154,053,603$34,174,874$21,542,358$125,675,765
100$169,712,287$35,794,659$22,209,244$137,917,305