Can I retire at age 70 with 8,800,000?

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$726,696$720,223$713,907$707,743$701,724$676,020
2 years$359,750$353,050$346,557$340,261$334,154$308,544
3 years$237,451$230,722$224,245$218,009$212,001$187,290
4 years$176,314$169,605$163,193$157,063$151,201$127,578
5 years$139,641$132,973$126,645$120,639$114,941$92,466
6 years$115,200$108,582$102,348$96,476$90,949$69,640
7 years$97,749$91,187$85,051$79,318$73,966$53,817
8 years$84,667$78,164$72,130$66,538$61,362$42,355
9 years$74,498$68,056$62,126$56,676$51,675$33,785
10 years$66,367$59,988$54,163$48,855$44,030$27,225
11 years$59,718$53,404$47,684$42,519$37,867$22,111
12 years$54,182$47,932$42,318$37,295$32,815$18,069
13 years$49,501$43,317$37,809$32,925$28,615$14,838
14 years$45,493$39,374$33,971$29,228$25,084$12,233
15 years$42,022$35,969$30,671$26,066$22,086$10,118
16 years$38,987$33,001$27,808$23,339$19,520$8,390
17 years$36,313$30,392$25,304$20,970$17,307$6,972
18 years$33,938$28,084$23,100$18,898$15,389$5,803
19 years$31,816$26,028$21,147$17,076$13,717$4,838
20 years$29,908$24,186$19,407$15,466$12,252$4,038
21 years$28,185$22,529$17,851$14,036$10,964$3,373
22 years$26,620$21,030$16,452$12,762$9,828$2,820
23 years$25,193$19,669$15,191$11,623$8,822$2,360
24 years$23,887$18,428$14,049$10,601$7,929$1,976
25 years$22,688$17,294$13,012$9,681$7,135$1,655
26 years$21,582$16,254$12,068$8,852$6,427$1,387
27 years$20,560$15,296$11,206$8,102$5,795$1,162
28 years$19,613$14,414$10,418$7,423$5,229$974
29 years$18,733$13,598$9,695$6,807$4,721$817
30 years$17,913$12,842$9,030$6,248$4,266$685
31 years$17,147$12,140$8,419$5,738$3,857$575
32 years$16,431$11,487$7,855$5,273$3,489$482
33 years$15,760$10,878$7,334$4,849$3,157$405
34 years$15,129$10,310$6,852$4,462$2,859$340
35 years$14,536$9,779$6,407$4,107$2,589$285
36 years$13,976$9,281$5,993$3,783$2,346$239
37 years$13,449$8,815$5,609$3,485$2,126$201
38 years$12,950$8,378$5,253$3,212$1,928$169
39 years$12,478$7,966$4,922$2,962$1,748$142
40 years$12,031$7,579$4,613$2,732$1,585$119
41 years$11,607$7,215$4,325$2,521$1,438$100
42 years$11,204$6,871$4,057$2,326$1,305$84
43 years$10,820$6,547$3,807$2,147$1,185$70
44 years$10,456$6,240$3,574$1,983$1,075$59
45 years$10,108$5,951$3,356$1,831$976$50
46 years$9,777$5,677$3,152$1,691$886$42
47 years$9,460$5,417$2,961$1,563$805$35
48 years$9,158$5,172$2,783$1,444$731$29
49 years$8,869$4,939$2,615$1,335$664$25
50 years$8,592$4,718$2,459$1,233$603$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,800,000, adding $3,381 every year, while hoping to spend $21,624 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: 79/11/10 Blend
69$8,800,000$8,800,000$8,800,000$8,800,000
70$9,701,088$9,234,688$9,098,288$10,451,160
71$10,667,591$9,664,179$9,380,072$11,373,626
72$11,731,952$10,113,992$9,670,572$12,382,230
73$12,904,131$10,585,097$9,970,056$13,488,085
74$14,195,102$11,078,516$10,278,802$14,700,891
75$15,616,955$11,595,316$10,597,095$16,031,329
76$17,183,018$12,136,620$10,925,231$17,491,159
77$18,907,972$12,703,601$11,263,513$19,093,330
78$20,807,999$13,297,491$11,612,254$20,852,105
79$22,900,928$13,919,581$11,971,778$22,783,187
80$25,206,407$14,571,225$12,342,417$24,903,873
81$27,746,087$15,253,841$12,724,514$27,233,210
82$30,543,825$15,968,917$13,118,423$29,792,177
83$33,625,914$16,718,013$13,524,509$32,603,879
84$37,021,324$17,502,762$13,943,147$35,693,768
85$40,761,982$18,324,880$14,374,724$39,089,874
86$44,883,068$19,186,163$14,819,641$42,823,075
87$49,423,350$20,088,494$15,278,309$46,927,380
88$54,425,551$21,033,850$15,751,151$51,440,255
89$59,936,748$22,024,300$16,238,606$56,402,970
90$66,008,821$23,062,015$16,741,124$61,860,985
91$72,698,939$24,149,272$17,259,170$67,864,384
92$80,070,102$25,288,457$17,793,223$74,468,335
93$88,191,733$26,482,072$18,343,776$81,733,620
94$97,140,336$27,732,740$18,911,339$89,727,195
95$107,000,218$29,043,212$19,496,437$98,522,829
96$117,864,282$30,416,371$20,099,609$108,201,789
97$129,834,907$31,855,241$20,721,415$118,853,611
98$143,024,913$33,362,993$21,362,427$130,576,939
99$157,558,625$34,942,951$22,023,239$143,480,454
100$173,573,048$36,598,599$22,704,461$157,683,894