Can I retire at age 70 with 8,900,000?

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$734,954$728,407$722,020$715,786$709,698$683,160
2 years$363,838$357,062$350,495$344,128$337,952$311,518
3 years$240,150$233,344$226,794$220,486$214,410$188,914
4 years$178,317$171,533$165,048$158,848$152,919$128,554
5 years$141,228$134,484$128,084$122,010$116,247$93,076
6 years$116,509$109,816$103,511$97,573$91,982$70,022
7 years$98,860$92,223$86,018$80,220$74,806$54,050
8 years$85,629$79,052$72,950$67,294$62,059$42,488
9 years$75,344$68,829$62,832$57,320$52,263$33,850
10 years$67,121$60,670$54,778$49,410$44,530$27,242
11 years$60,397$54,011$48,226$43,002$38,298$22,097
12 years$54,798$48,477$42,799$37,718$33,188$18,033
13 years$50,064$43,809$38,238$33,300$28,940$14,788
14 years$46,010$39,821$34,357$29,560$25,369$12,175
15 years$42,499$36,377$31,020$26,362$22,337$10,055
16 years$39,430$33,376$28,124$23,604$19,741$8,326
17 years$36,726$30,738$25,592$21,208$17,504$6,908
18 years$34,324$28,403$23,362$19,113$15,564$5,742
19 years$32,178$26,324$21,387$17,270$13,872$4,779
20 years$30,248$24,461$19,628$15,642$12,391$3,983
21 years$28,505$22,785$18,054$14,196$11,089$3,322
22 years$26,922$21,269$16,639$12,907$9,939$2,774
23 years$25,479$19,892$15,363$11,755$8,922$2,317
24 years$24,159$18,638$14,209$10,721$8,019$1,937
25 years$22,946$17,490$13,160$9,791$7,216$1,619
26 years$21,828$16,438$12,205$8,952$6,500$1,355
27 years$20,794$15,470$11,334$8,194$5,860$1,134
28 years$19,836$14,578$10,536$7,508$5,288$949
29 years$18,946$13,752$9,805$6,885$4,775$795
30 years$18,117$12,988$9,133$6,319$4,314$665
31 years$17,342$12,278$8,514$5,803$3,901$557
32 years$16,618$11,617$7,944$5,333$3,528$467
33 years$15,939$11,002$7,417$4,904$3,193$391
34 years$15,301$10,427$6,930$4,512$2,891$328
35 years$14,701$9,890$6,479$4,154$2,619$275
36 years$14,135$9,387$6,061$3,826$2,373$230
37 years$13,602$8,915$5,673$3,525$2,150$193
38 years$13,097$8,473$5,313$3,249$1,949$162
39 years$12,620$8,057$4,977$2,996$1,768$135
40 years$12,168$7,665$4,665$2,763$1,604$113
41 years$11,739$7,297$4,375$2,549$1,455$95
42 years$11,331$6,949$4,104$2,353$1,320$80
43 years$10,943$6,621$3,851$2,172$1,198$67
44 years$10,574$6,311$3,614$2,005$1,087$56
45 years$10,223$6,018$3,394$1,852$987$47
46 years$9,888$5,741$3,188$1,711$896$39
47 years$9,568$5,479$2,995$1,580$814$33
48 years$9,262$5,230$2,814$1,460$739$28
49 years$8,969$4,995$2,645$1,350$671$23
50 years$8,690$4,771$2,487$1,248$610$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,900,000, adding $6,550 every year, while hoping to spend $42,360 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: 66/28/6 Blend
69$8,900,000$8,900,000$8,900,000$8,900,000
70$9,814,556$9,342,856$9,204,906$10,452,742
71$10,770,570$9,755,586$9,468,200$11,289,928
72$11,822,678$10,187,119$9,738,894$12,198,801
73$12,980,636$10,638,333$10,017,192$13,190,916
74$14,255,196$11,110,146$10,303,303$14,274,377
75$15,658,202$11,603,519$10,597,440$15,458,094
76$17,202,708$12,119,461$10,899,823$16,751,871
77$18,903,095$12,659,025$11,210,678$18,166,491
78$20,775,212$13,223,319$11,530,237$19,713,821
79$22,836,521$13,813,499$11,858,738$21,406,917
80$25,106,264$14,430,778$12,196,423$23,260,144
81$27,605,644$15,076,427$12,543,544$25,289,314
82$30,358,024$15,751,777$12,900,357$27,511,826
83$33,389,151$16,458,221$13,267,127$29,946,831
84$36,727,392$17,197,222$13,644,124$32,615,409
85$40,404,009$17,970,310$14,031,626$35,540,763
86$44,453,450$18,779,086$14,429,917$38,748,436
87$48,913,673$19,625,233$14,839,290$42,266,548
88$53,826,506$20,510,508$15,260,045$46,126,058
89$59,238,044$21,436,757$15,692,490$50,361,051
90$65,199,077$22,405,910$16,136,941$55,009,056
91$71,765,576$23,419,993$16,593,722$60,111,396
92$78,999,218$24,481,126$17,063,165$65,713,574
93$86,967,968$25,591,532$17,545,611$71,865,696
94$95,746,722$26,753,538$18,041,411$78,622,942
95$105,418,012$27,969,585$18,550,922$86,046,077
96$116,072,785$29,242,231$19,074,514$94,202,024
97$127,811,262$30,574,153$19,612,563$103,164,486
98$140,743,883$31,968,159$20,165,456$113,014,637
99$154,992,352$33,427,192$20,733,592$123,841,883
100$170,690,782$34,954,334$21,317,377$135,744,698