Can I retire at age 70 with 9,000,000?

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 $9,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$743,212$736,591$730,133$723,828$717,673$702,895
2 years$367,927$361,074$354,433$347,994$341,749$326,928
3 years$242,848$235,966$229,342$222,963$216,820$202,418
4 years$180,321$173,460$166,902$160,633$154,638$140,766
5 years$142,814$135,995$129,523$123,381$117,553$104,250
6 years$117,818$111,050$104,674$98,669$93,016$80,297
7 years$99,971$93,260$86,984$81,121$75,647$63,514
8 years$86,591$79,941$73,770$68,051$62,756$51,206
9 years$76,191$69,603$63,538$57,964$52,850$41,874
10 years$67,875$61,351$55,394$49,966$45,031$34,619
11 years$61,076$54,618$48,768$43,485$38,728$28,867
12 years$55,414$49,022$43,280$38,142$33,561$24,236
13 years$50,626$44,301$38,668$33,674$29,266$20,462
14 years$46,527$40,269$34,743$29,892$25,654$17,353
15 years$42,977$36,786$31,369$26,658$22,588$14,773
16 years$39,873$33,751$28,440$23,870$19,963$12,615
17 years$37,138$31,083$25,879$21,447$17,701$10,801
18 years$34,710$28,722$23,625$19,328$15,739$9,269
19 years$32,539$26,619$21,627$17,464$14,028$7,968
20 years$30,588$24,736$19,848$15,817$12,530$6,861
21 years$28,825$23,041$18,257$14,355$11,213$5,916
22 years$27,225$21,508$16,826$13,052$10,051$5,107
23 years$25,766$20,116$15,536$11,887$9,022$4,413
24 years$24,430$18,847$14,368$10,841$8,110$3,817
25 years$23,203$17,687$13,308$9,901$7,297$3,303
26 years$22,073$16,623$12,342$9,053$6,573$2,861
27 years$21,028$15,644$11,461$8,286$5,926$2,479
28 years$20,059$14,741$10,654$7,592$5,347$2,149
29 years$19,159$13,907$9,915$6,962$4,829$1,864
30 years$18,320$13,133$9,235$6,390$4,363$1,617
31 years$17,537$12,416$8,610$5,868$3,944$1,403
32 years$16,804$11,748$8,033$5,393$3,568$1,218
33 years$16,118$11,125$7,501$4,959$3,229$1,058
34 years$15,473$10,544$7,008$4,563$2,924$918
35 years$14,866$10,001$6,552$4,201$2,648$798
36 years$14,294$9,492$6,129$3,869$2,399$693
37 years$13,754$9,016$5,737$3,564$2,175$602
38 years$13,244$8,568$5,372$3,285$1,971$523
39 years$12,762$8,147$5,033$3,029$1,788$455
40 years$12,304$7,752$4,718$2,794$1,622$395
41 years$11,870$7,379$4,424$2,578$1,471$343
42 years$11,458$7,027$4,150$2,379$1,335$298
43 years$11,066$6,696$3,894$2,196$1,211$259
44 years$10,693$6,382$3,655$2,028$1,100$226
45 years$10,338$6,086$3,432$1,873$998$196
46 years$9,999$5,806$3,223$1,730$906$170
47 years$9,675$5,541$3,028$1,598$823$148
48 years$9,366$5,289$2,846$1,477$747$129
49 years$9,070$5,051$2,675$1,365$679$112
50 years$8,787$4,825$2,515$1,262$617$97

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,000,000, adding $3,098 every year, while hoping to spend $52,608 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: 34/42/24 Blend
69$9,000,000$9,000,000$9,000,000$9,000,000
70$9,921,196$9,444,196$9,304,696$10,185,932
71$10,877,183$9,850,987$9,560,428$10,790,522
72$11,928,918$10,275,947$9,822,965$11,437,047
73$13,086,111$10,719,912$10,092,478$12,133,191
74$14,359,462$11,183,756$10,369,143$12,883,393
75$15,760,760$11,668,392$10,653,142$13,692,518
76$17,302,993$12,174,779$10,944,659$14,565,901
77$19,000,476$12,703,921$11,243,882$15,509,392
78$20,868,978$13,256,867$11,551,006$16,529,413
79$22,925,877$13,834,716$11,866,227$17,633,007
80$25,190,319$14,438,620$12,189,749$18,827,906
81$27,683,404$15,069,785$12,521,778$20,122,597
82$30,428,379$15,729,472$12,862,525$21,526,401
83$33,450,862$16,419,004$13,212,208$23,049,551
84$36,779,080$17,139,765$13,571,046$24,703,288
85$40,444,137$17,893,205$13,939,267$26,499,963
86$44,480,308$18,680,841$14,317,102$28,453,142
87$48,925,360$19,504,263$14,704,786$30,577,737
88$53,820,912$20,365,137$15,102,562$32,890,134
89$59,212,823$21,265,207$15,510,676$35,408,346
90$65,151,628$22,206,299$15,929,380$38,152,174
91$71,693,012$23,190,326$16,358,932$41,143,389
92$78,898,339$24,219,291$16,799,596$44,405,933
93$86,835,227$25,295,294$17,251,640$47,966,131
94$95,578,190$26,420,533$17,715,340$51,852,938
95$105,209,336$27,597,310$18,190,975$56,098,205
96$115,819,148$28,828,038$18,678,832$60,736,966
97$127,507,332$30,115,243$19,179,204$65,807,766
98$140,383,762$31,461,572$19,692,389$71,353,013
99$154,569,514$32,869,797$20,218,692$77,419,369
100$170,198,011$34,342,823$20,758,425$84,058,181