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

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 $8,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$734,954$728,407$722,020$715,786$709,698$682,889
2 years$363,838$357,062$350,495$344,128$337,952$311,253
3 years$240,150$233,344$226,794$220,486$214,410$188,662
4 years$178,317$171,533$165,048$158,848$152,919$128,318
5 years$141,228$134,484$128,084$122,010$116,247$92,856
6 years$116,509$109,816$103,511$97,573$91,982$69,818
7 years$98,860$92,223$86,018$80,220$74,806$53,862
8 years$85,629$79,052$72,950$67,294$62,059$42,315
9 years$75,344$68,829$62,832$57,320$52,263$33,691
10 years$67,121$60,670$54,778$49,410$44,530$27,098
11 years$60,397$54,011$48,226$43,002$38,298$21,965
12 years$54,798$48,477$42,799$37,718$33,188$17,913
13 years$50,064$43,809$38,238$33,300$28,940$14,680
14 years$46,010$39,821$34,357$29,560$25,369$12,078
15 years$42,499$36,377$31,020$26,362$22,337$9,968
16 years$39,430$33,376$28,124$23,604$19,741$8,247
17 years$36,726$30,738$25,592$21,208$17,504$6,838
18 years$34,324$28,403$23,362$19,113$15,564$5,679
19 years$32,178$26,324$21,387$17,270$13,872$4,724
20 years$30,248$24,461$19,628$15,642$12,391$3,933
21 years$28,505$22,785$18,054$14,196$11,089$3,279
22 years$26,922$21,269$16,639$12,907$9,939$2,735
23 years$25,479$19,892$15,363$11,755$8,922$2,283
24 years$24,159$18,638$14,209$10,721$8,019$1,907
25 years$22,946$17,490$13,160$9,791$7,216$1,593
26 years$21,828$16,438$12,205$8,952$6,500$1,332
27 years$20,794$15,470$11,334$8,194$5,860$1,113
28 years$19,836$14,578$10,536$7,508$5,288$931
29 years$18,946$13,752$9,805$6,885$4,775$779
30 years$18,117$12,988$9,133$6,319$4,314$652
31 years$17,342$12,278$8,514$5,803$3,901$546
32 years$16,618$11,617$7,944$5,333$3,528$457
33 years$15,939$11,002$7,417$4,904$3,193$382
34 years$15,301$10,427$6,930$4,512$2,891$320
35 years$14,701$9,890$6,479$4,154$2,619$268
36 years$14,135$9,387$6,061$3,826$2,373$224
37 years$13,602$8,915$5,673$3,525$2,150$188
38 years$13,097$8,473$5,313$3,249$1,949$157
39 years$12,620$8,057$4,977$2,996$1,768$132
40 years$12,168$7,665$4,665$2,763$1,604$110
41 years$11,739$7,297$4,375$2,549$1,455$92
42 years$11,331$6,949$4,104$2,353$1,320$77
43 years$10,943$6,621$3,851$2,172$1,198$65
44 years$10,574$6,311$3,614$2,005$1,087$54
45 years$10,223$6,018$3,394$1,852$987$45
46 years$9,888$5,741$3,188$1,711$896$38
47 years$9,568$5,479$2,995$1,580$814$32
48 years$9,262$5,230$2,814$1,460$739$27
49 years$8,969$4,995$2,645$1,350$671$22
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 $4,484 every year, while hoping to spend $58,632 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: 61/14/25 Blend
69$8,900,000$8,900,000$8,900,000$8,900,000
70$9,812,425$9,340,725$9,202,775$10,345,296
71$10,750,909$9,736,037$9,448,684$11,102,946
72$11,783,152$10,148,754$9,700,866$11,922,762
73$12,918,658$10,579,666$9,959,469$12,816,329
74$14,167,894$11,029,603$10,224,644$13,790,845
75$15,542,395$11,499,430$10,496,546$14,854,231
76$17,054,871$11,990,054$10,775,332$16,015,204
77$18,719,325$12,502,423$11,061,163$17,283,359
78$20,551,186$13,037,532$11,354,202$18,669,256
79$22,567,456$13,596,420$11,654,616$20,184,519
80$24,786,866$14,180,174$11,962,576$21,841,946
81$27,230,059$14,789,935$12,278,254$23,655,623
82$29,919,777$15,426,894$12,601,828$25,641,060
83$32,881,083$16,092,300$12,933,478$27,815,335
84$36,141,591$16,787,460$13,273,387$30,197,249
85$39,731,730$17,513,742$13,621,741$32,807,508
86$43,685,029$18,272,579$13,978,733$35,668,910
87$48,038,435$19,065,469$14,344,554$38,806,562
88$52,832,662$19,893,983$14,719,402$42,248,114
89$58,112,570$20,759,765$15,103,479$46,024,017
90$63,927,595$21,664,536$15,496,988$50,167,806
91$70,332,210$22,610,098$15,900,137$54,716,420
92$77,386,441$23,598,339$16,313,138$59,710,540
93$85,156,435$24,631,234$16,736,205$65,194,978
94$93,715,080$25,710,854$17,169,557$71,219,092
95$103,142,697$26,839,364$17,613,416$77,837,251
96$113,527,795$28,019,036$18,068,008$85,109,343
97$124,967,905$29,252,244$18,533,561$93,101,341
98$137,570,505$30,541,477$19,010,309$101,885,918
99$151,454,031$31,889,344$19,498,489$111,543,135
100$166,748,993$33,298,573$19,998,339$122,161,185