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%18.1%
1 years$710,180$703,854$697,682$691,658$685,776$663,293
2 years$351,574$345,026$338,681$332,528$326,560$304,123
3 years$232,055$225,479$219,149$213,054$207,183$185,497
4 years$172,307$165,751$159,484$153,493$147,765$126,995
5 years$136,467$129,951$123,766$117,898$112,328$92,531
6 years$112,582$106,114$100,022$94,284$88,882$70,073
7 years$95,528$89,115$83,118$77,516$72,285$54,462
8 years$82,743$76,388$70,491$65,026$59,967$43,117
9 years$72,804$66,509$60,714$55,388$50,501$34,604
10 years$64,858$58,625$52,932$47,745$43,029$28,061
11 years$58,361$52,190$46,600$41,552$37,007$22,939
12 years$52,951$46,843$41,357$36,447$32,069$18,871
13 years$48,376$42,332$36,949$32,177$27,965$15,603
14 years$44,459$38,479$33,199$28,563$24,514$12,953
15 years$41,066$35,151$29,974$25,473$21,584$10,790
16 years$38,101$32,251$27,176$22,809$19,076$9,012
17 years$35,488$29,702$24,729$20,493$16,914$7,544
18 years$33,167$27,446$22,575$18,469$15,039$6,327
19 years$31,093$25,436$20,666$16,688$13,405$5,314
20 years$29,229$23,637$18,966$15,114$11,973$4,470
21 years$27,544$22,017$17,445$13,717$10,715$3,763
22 years$26,015$20,552$16,078$12,472$9,604$3,171
23 years$24,621$19,222$14,846$11,359$8,621$2,674
24 years$23,344$18,009$13,730$10,360$7,749$2,257
25 years$22,172$16,901$12,716$9,461$6,973$1,905
26 years$21,092$15,884$11,794$8,651$6,281$1,609
27 years$20,093$14,949$10,952$7,918$5,663$1,360
28 years$19,168$14,086$10,181$7,255$5,110$1,150
29 years$18,307$13,289$9,474$6,653$4,614$972
30 years$17,506$12,550$8,825$6,106$4,169$822
31 years$16,758$11,864$8,227$5,607$3,769$695
32 years$16,058$11,225$7,676$5,153$3,409$588
33 years$15,401$10,631$7,167$4,739$3,086$498
34 years$14,785$10,076$6,697$4,360$2,794$421
35 years$14,205$9,556$6,261$4,014$2,530$356
36 years$13,659$9,070$5,857$3,697$2,293$302
37 years$13,143$8,615$5,482$3,406$2,078$255
38 years$12,656$8,187$5,134$3,139$1,884$216
39 years$12,195$7,785$4,810$2,895$1,708$183
40 years$11,758$7,407$4,508$2,670$1,549$155
41 years$11,343$7,051$4,227$2,463$1,406$131
42 years$10,949$6,715$3,965$2,273$1,276$111
43 years$10,575$6,398$3,721$2,099$1,158$94
44 years$10,218$6,099$3,493$1,938$1,051$80
45 years$9,878$5,816$3,279$1,790$954$67
46 years$9,554$5,548$3,080$1,653$866$57
47 years$9,245$5,294$2,894$1,527$786$48
48 years$8,950$5,054$2,719$1,411$714$41
49 years$8,667$4,826$2,556$1,304$649$35
50 years$8,397$4,610$2,403$1,205$589$29

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 $4,773 every year, while hoping to spend $56,186 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: 32/44/24 Blend
69$8,600,000$8,600,000$8,600,000$8,600,000
70$9,482,123$9,026,323$8,893,023$9,715,485
71$10,389,518$9,408,832$9,131,158$10,275,113
72$11,387,585$9,808,200$9,375,387$10,872,100
73$12,485,511$10,225,195$9,625,856$11,513,988
74$13,693,423$10,660,619$9,882,711$12,204,755
75$15,022,475$11,115,312$10,146,105$12,948,761
76$16,484,958$11,590,153$10,416,190$13,750,783
77$18,094,415$12,086,062$10,693,124$14,616,062
78$19,865,769$12,604,002$10,977,067$15,550,343
79$21,815,462$13,144,982$11,268,183$16,559,931
80$23,961,609$13,710,057$11,566,638$17,651,743
81$26,324,174$14,300,331$11,872,601$18,833,371
82$28,925,153$14,916,960$12,186,246$20,113,148
83$31,788,783$15,561,155$12,507,750$21,500,224
84$34,941,771$16,234,184$12,837,292$23,004,647
85$38,413,546$16,937,373$13,175,055$24,637,451
86$42,236,535$17,672,112$13,521,226$26,410,761
87$46,446,470$18,439,854$13,875,996$28,337,895
88$51,082,725$19,242,122$14,239,557$30,433,489
89$56,188,688$20,080,511$14,612,107$32,713,629
90$61,812,168$20,956,690$14,993,847$35,195,994
91$68,005,848$21,872,407$15,384,980$37,900,019
92$74,827,782$22,829,492$15,785,714$40,847,075
93$82,341,942$23,829,863$16,196,262$44,060,656
94$90,618,820$24,875,527$16,616,837$47,566,602
95$99,736,097$25,968,585$17,047,658$51,393,331
96$109,779,372$27,111,239$17,488,948$55,572,099
97$120,842,973$28,305,794$17,940,932$60,137,291
98$133,030,843$29,554,664$18,403,840$65,126,732
99$146,457,525$30,860,379$18,877,904$70,582,040
100$161,249,240$32,225,586$19,363,363$76,549,008