Can I retire at age 70 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$718,438$712,038$705,795$699,701$693,750$682,257
2 years$355,662$349,038$342,619$336,395$330,357$318,812
3 years$234,753$228,100$221,697$215,531$209,592$198,354
4 years$174,310$167,678$161,339$155,278$149,483$138,638
5 years$138,054$131,462$125,205$119,269$113,635$103,214
6 years$113,891$107,348$101,185$95,380$89,915$79,932
7 years$96,638$90,151$84,085$78,417$73,125$63,581
8 years$83,705$77,276$71,311$65,782$60,664$51,558
9 years$73,651$67,283$61,420$56,032$51,088$42,415
10 years$65,612$59,306$53,547$48,300$43,530$35,282
11 years$59,040$52,797$47,142$42,035$37,437$29,606
12 years$53,566$47,388$41,837$36,871$32,442$25,018
13 years$48,939$42,825$37,379$32,551$28,290$21,262
14 years$44,976$38,926$33,585$28,895$24,799$18,154
15 years$41,544$35,560$30,323$25,770$21,835$15,562
16 years$38,544$32,626$27,492$23,074$19,298$13,383
17 years$35,900$30,047$25,017$20,732$17,111$11,541
18 years$33,553$27,765$22,837$18,683$15,214$9,975
19 years$31,454$25,732$20,906$16,882$13,561$8,640
20 years$29,569$23,911$19,187$15,290$12,113$7,495
21 years$27,864$22,273$17,648$13,877$10,839$6,512
22 years$26,317$20,791$16,265$12,617$9,716$5,665
23 years$24,907$19,445$15,018$11,491$8,722$4,933
24 years$23,616$18,219$13,889$10,480$7,839$4,300
25 years$22,430$17,097$12,864$9,571$7,054$3,751
26 years$21,337$16,069$11,931$8,751$6,354$3,275
27 years$20,327$15,123$11,079$8,010$5,729$2,861
28 years$19,390$14,250$10,299$7,339$5,169$2,500
29 years$18,520$13,443$9,584$6,730$4,668$2,186
30 years$17,709$12,696$8,928$6,177$4,217$1,912
31 years$16,953$12,002$8,323$5,673$3,813$1,673
32 years$16,244$11,356$7,765$5,213$3,449$1,465
33 years$15,580$10,754$7,251$4,794$3,121$1,282
34 years$14,957$10,193$6,775$4,411$2,826$1,123
35 years$14,370$9,668$6,334$4,061$2,560$984
36 years$13,818$9,176$5,925$3,740$2,319$862
37 years$13,296$8,715$5,546$3,446$2,102$755
38 years$12,803$8,282$5,193$3,176$1,906$662
39 years$12,336$7,876$4,866$2,928$1,728$580
40 years$11,894$7,493$4,561$2,701$1,567$508
41 years$11,475$7,133$4,276$2,492$1,422$446
42 years$11,076$6,793$4,011$2,300$1,290$391
43 years$10,697$6,472$3,764$2,123$1,171$343
44 years$10,337$6,169$3,533$1,960$1,063$300
45 years$9,993$5,883$3,318$1,810$965$263
46 years$9,665$5,612$3,116$1,672$876$231
47 years$9,353$5,356$2,927$1,545$796$203
48 years$9,054$5,113$2,751$1,428$723$178
49 years$8,768$4,883$2,586$1,319$656$156
50 years$8,494$4,664$2,431$1,219$596$137

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,700,000, adding $4,988 every year, while hoping to spend $20,582 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: 46/40/14 Blend
69$8,700,000$8,700,000$8,700,000$8,700,000
70$9,592,545$9,131,445$8,996,595$9,995,558
71$10,549,086$9,556,987$9,276,082$10,701,370
72$11,602,503$10,002,690$9,564,242$11,464,129
73$12,762,658$10,469,522$9,861,343$12,291,155
74$14,040,415$10,958,494$10,167,664$13,188,422
75$15,447,746$11,470,668$10,483,489$14,162,485
76$16,997,844$12,007,159$10,809,114$15,220,542
77$18,705,246$12,569,132$11,144,841$16,370,496
78$20,585,972$13,157,810$11,490,984$17,621,026
79$22,657,675$13,774,477$11,847,866$18,981,665
80$24,939,808$14,420,476$12,215,820$20,462,888
81$27,453,806$15,097,218$12,595,188$22,076,200
82$30,223,292$15,806,179$12,986,324$23,834,248
83$33,274,295$16,548,909$13,389,593$25,750,930
84$36,635,499$17,327,031$13,805,371$27,841,522
85$40,338,514$18,142,250$14,234,044$30,122,819
86$44,418,171$18,996,349$14,676,014$32,613,283
87$48,912,855$19,891,201$15,131,691$35,333,218
88$53,864,864$20,828,767$15,601,500$38,304,951
89$59,320,809$21,811,105$16,085,879$41,553,035
90$65,332,055$22,840,373$16,585,279$45,104,481
91$71,955,204$23,918,831$17,100,166$48,988,996
92$79,252,632$25,048,850$17,631,018$53,239,265
93$87,293,074$26,232,918$18,178,332$57,891,246
94$96,152,277$27,473,640$18,742,615$62,984,503
95$105,913,710$28,773,750$19,324,394$68,562,573
96$116,669,358$30,136,113$19,924,210$74,673,364
97$128,520,584$31,563,734$20,542,623$81,369,602
98$141,579,090$33,059,763$21,180,207$88,709,316
99$155,967,970$34,627,505$21,837,557$96,756,377
100$171,822,872$36,270,421$22,515,284$105,581,089