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

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 $8,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$726,696$720,223$713,907$707,743$701,724$679,262
2 years$359,750$353,050$346,557$340,261$334,154$311,731
3 years$237,451$230,722$224,245$218,009$212,001$190,321
4 years$176,314$169,605$163,193$157,063$151,201$130,429
5 years$139,641$132,973$126,645$120,639$114,941$95,133
6 years$115,200$108,582$102,348$96,476$90,949$72,122
7 years$97,749$91,187$85,051$79,318$73,966$56,119
8 years$84,667$78,164$72,130$66,538$61,362$44,481
9 years$74,498$68,056$62,126$56,676$51,675$35,743
10 years$66,367$59,988$54,163$48,855$44,030$29,021
11 years$59,718$53,404$47,684$42,519$37,867$23,754
12 years$54,182$47,932$42,318$37,295$32,815$19,567
13 years$49,501$43,317$37,809$32,925$28,615$16,201
14 years$45,493$39,374$33,971$29,228$25,084$13,469
15 years$42,022$35,969$30,671$26,066$22,086$11,235
16 years$38,987$33,001$27,808$23,339$19,520$9,397
17 years$36,313$30,392$25,304$20,970$17,307$7,878
18 years$33,938$28,084$23,100$18,898$15,389$6,617
19 years$31,816$26,028$21,147$17,076$13,717$5,566
20 years$29,908$24,186$19,407$15,466$12,252$4,689
21 years$28,185$22,529$17,851$14,036$10,964$3,954
22 years$26,620$21,030$16,452$12,762$9,828$3,337
23 years$25,193$19,669$15,191$11,623$8,822$2,819
24 years$23,887$18,428$14,049$10,601$7,929$2,382
25 years$22,688$17,294$13,012$9,681$7,135$2,015
26 years$21,582$16,254$12,068$8,852$6,427$1,704
27 years$20,560$15,296$11,206$8,102$5,795$1,443
28 years$19,613$14,414$10,418$7,423$5,229$1,221
29 years$18,733$13,598$9,695$6,807$4,721$1,034
30 years$17,913$12,842$9,030$6,248$4,266$876
31 years$17,147$12,140$8,419$5,738$3,857$742
32 years$16,431$11,487$7,855$5,273$3,489$629
33 years$15,760$10,878$7,334$4,849$3,157$533
34 years$15,129$10,310$6,852$4,462$2,859$452
35 years$14,536$9,779$6,407$4,107$2,589$383
36 years$13,976$9,281$5,993$3,783$2,346$325
37 years$13,449$8,815$5,609$3,485$2,126$275
38 years$12,950$8,378$5,253$3,212$1,928$233
39 years$12,478$7,966$4,922$2,962$1,748$198
40 years$12,031$7,579$4,613$2,732$1,585$168
41 years$11,607$7,215$4,325$2,521$1,438$142
42 years$11,204$6,871$4,057$2,326$1,305$121
43 years$10,820$6,547$3,807$2,147$1,185$102
44 years$10,456$6,240$3,574$1,983$1,075$87
45 years$10,108$5,951$3,356$1,831$976$74
46 years$9,777$5,677$3,152$1,691$886$62
47 years$9,460$5,417$2,961$1,563$805$53
48 years$9,158$5,172$2,783$1,444$731$45
49 years$8,869$4,939$2,615$1,335$664$38
50 years$8,592$4,718$2,459$1,233$603$32

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 $4,078 every year, while hoping to spend $55,152 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: 59/12/29 Blend
69$8,800,000$8,800,000$8,800,000$8,800,000
70$9,701,806$9,235,406$9,099,006$10,197,263
71$10,632,709$9,629,260$9,345,142$10,930,632
72$11,656,716$10,040,564$9,597,674$11,724,023
73$12,783,265$10,470,115$9,856,760$12,588,351
74$14,022,754$10,918,748$10,122,558$13,530,529
75$15,386,643$11,387,334$10,395,232$14,558,166
76$16,887,557$11,876,789$10,674,948$15,679,636
77$18,539,404$12,388,069$10,961,876$16,904,155
78$20,357,514$12,922,175$11,256,189$18,241,865
79$22,358,774$13,480,155$11,558,065$19,703,934
80$24,561,794$14,063,108$11,867,685$21,302,653
81$26,987,078$14,672,181$12,185,234$23,051,553
82$29,657,221$15,308,579$12,510,900$24,965,534
83$32,597,118$15,973,560$12,844,875$27,060,999
84$35,834,203$16,668,443$13,187,357$29,356,009
85$39,398,704$17,394,609$13,538,546$31,870,452
86$43,323,930$18,153,503$13,898,646$34,626,229
87$47,646,587$18,946,640$14,267,866$37,647,458
88$52,407,118$19,775,605$14,646,419$40,960,698
89$57,650,091$20,642,057$15,034,522$44,595,201
90$63,424,618$21,547,735$15,432,396$48,583,183
91$69,784,814$22,494,459$15,840,266$52,960,126
92$76,790,313$23,484,136$16,258,363$57,765,113
93$84,506,827$24,518,761$16,686,920$63,041,188
94$93,006,769$25,600,426$17,126,178$68,835,770
95$102,369,933$26,731,320$17,576,378$75,201,086
96$112,684,248$27,913,737$18,037,768$82,194,670
97$124,046,610$29,150,078$18,510,602$89,879,901
98$136,563,792$30,442,860$18,995,136$98,326,594
99$150,353,457$31,794,718$19,491,630$107,611,660
100$165,545,262$33,208,412$20,000,353$117,819,830