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%19.2%
1 years$734,954$728,407$722,020$715,786$709,698$683,431
2 years$363,838$357,062$350,495$344,128$337,952$311,784
3 years$240,150$233,344$226,794$220,486$214,410$189,166
4 years$178,317$171,533$165,048$158,848$152,919$128,790
5 years$141,228$134,484$128,084$122,010$116,247$93,296
6 years$116,509$109,816$103,511$97,573$91,982$70,226
7 years$98,860$92,223$86,018$80,220$74,806$54,239
8 years$85,629$79,052$72,950$67,294$62,059$42,662
9 years$75,344$68,829$62,832$57,320$52,263$34,009
10 years$67,121$60,670$54,778$49,410$44,530$27,388
11 years$60,397$54,011$48,226$43,002$38,298$22,229
12 years$54,798$48,477$42,799$37,718$33,188$18,153
13 years$50,064$43,809$38,238$33,300$28,940$14,897
14 years$46,010$39,821$34,357$29,560$25,369$12,273
15 years$42,499$36,377$31,020$26,362$22,337$10,144
16 years$39,430$33,376$28,124$23,604$19,741$8,405
17 years$36,726$30,738$25,592$21,208$17,504$6,979
18 years$34,324$28,403$23,362$19,113$15,564$5,805
19 years$32,178$26,324$21,387$17,270$13,872$4,836
20 years$30,248$24,461$19,628$15,642$12,391$4,033
21 years$28,505$22,785$18,054$14,196$11,089$3,367
22 years$26,922$21,269$16,639$12,907$9,939$2,813
23 years$25,479$19,892$15,363$11,755$8,922$2,352
24 years$24,159$18,638$14,209$10,721$8,019$1,967
25 years$22,946$17,490$13,160$9,791$7,216$1,646
26 years$21,828$16,438$12,205$8,952$6,500$1,378
27 years$20,794$15,470$11,334$8,194$5,860$1,154
28 years$19,836$14,578$10,536$7,508$5,288$967
29 years$18,946$13,752$9,805$6,885$4,775$810
30 years$18,117$12,988$9,133$6,319$4,314$679
31 years$17,342$12,278$8,514$5,803$3,901$569
32 years$16,618$11,617$7,944$5,333$3,528$477
33 years$15,939$11,002$7,417$4,904$3,193$400
34 years$15,301$10,427$6,930$4,512$2,891$336
35 years$14,701$9,890$6,479$4,154$2,619$281
36 years$14,135$9,387$6,061$3,826$2,373$236
37 years$13,602$8,915$5,673$3,525$2,150$198
38 years$13,097$8,473$5,313$3,249$1,949$166
39 years$12,620$8,057$4,977$2,996$1,768$139
40 years$12,168$7,665$4,665$2,763$1,604$117
41 years$11,739$7,297$4,375$2,549$1,455$98
42 years$11,331$6,949$4,104$2,353$1,320$82
43 years$10,943$6,621$3,851$2,172$1,198$69
44 years$10,574$6,311$3,614$2,005$1,087$58
45 years$10,223$6,018$3,394$1,852$987$48
46 years$9,888$5,741$3,188$1,711$896$41
47 years$9,568$5,479$2,995$1,580$814$34
48 years$9,262$5,230$2,814$1,460$739$29
49 years$8,969$4,995$2,645$1,350$671$24
50 years$8,690$4,771$2,487$1,248$610$20

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 $4,752 every year, while hoping to spend $43,686 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: 40/50/10 Blend
69$8,900,000$8,900,000$8,900,000$8,900,000
70$9,812,702$9,341,002$9,203,052$10,175,593
71$10,767,116$9,752,229$9,464,872$10,842,574
72$11,817,416$10,182,143$9,734,000$11,558,951
73$12,973,336$10,631,612$10,010,633$12,332,921
74$14,245,603$11,101,547$10,294,975$13,169,711
75$15,646,033$11,592,902$10,587,236$14,075,052
76$17,187,650$12,106,676$10,887,630$15,055,230
77$18,884,802$12,643,914$11,196,377$16,117,143
78$20,753,300$13,205,714$11,513,704$17,268,358
79$22,810,566$13,793,224$11,839,842$18,517,181
80$25,075,796$14,407,644$12,175,030$19,872,728
81$27,570,145$15,050,236$12,519,510$21,345,011
82$30,316,920$15,722,317$12,873,534$22,945,022
83$33,341,806$16,425,272$13,237,358$24,684,834
84$36,673,107$17,160,547$13,611,247$26,577,710
85$40,342,010$17,929,659$13,995,469$28,638,222
86$44,382,880$18,734,197$14,390,302$30,882,379
87$48,833,587$19,575,827$14,796,031$33,327,777
88$53,735,862$20,456,291$15,212,946$35,993,757
89$59,135,688$21,377,417$15,641,348$38,901,576
90$65,083,737$22,341,120$16,081,543$42,074,608
91$71,635,848$23,349,405$16,533,844$45,538,551
92$78,853,552$24,404,373$16,998,575$49,321,662
93$86,804,653$25,508,226$17,476,066$53,455,020
94$95,563,870$26,663,271$17,966,657$57,972,805
95$105,213,539$27,871,926$18,470,694$62,912,616
96$115,844,391$29,136,722$18,988,534$68,315,812
97$127,556,412$30,460,314$19,520,543$74,227,896
98$140,459,780$31,845,483$20,067,095$80,698,933
99$154,675,908$33,295,143$20,628,573$87,784,010
100$170,338,592$34,812,346$21,205,372$95,543,746