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

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 $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%19.4%
1 years$743,212$736,591$730,133$723,828$717,673$690,562
2 years$367,927$361,074$354,433$347,994$341,749$314,750
3 years$242,848$235,966$229,342$222,963$216,820$190,782
4 years$180,321$173,460$166,902$160,633$154,638$129,760
5 years$142,814$135,995$129,523$123,381$117,553$93,899
6 years$117,818$111,050$104,674$98,669$93,016$70,602
7 years$99,971$93,260$86,984$81,121$75,647$54,467
8 years$86,591$79,941$73,770$68,051$62,756$42,791
9 years$76,191$69,603$63,538$57,964$52,850$34,070
10 years$67,875$61,351$55,394$49,966$45,031$27,402
11 years$61,076$54,618$48,768$43,485$38,728$22,212
12 years$55,414$49,022$43,280$38,142$33,561$18,115
13 years$50,626$44,301$38,668$33,674$29,266$14,845
14 years$46,527$40,269$34,743$29,892$25,654$12,213
15 years$42,977$36,786$31,369$26,658$22,588$10,080
16 years$39,873$33,751$28,440$23,870$19,963$8,340
17 years$37,138$31,083$25,879$21,447$17,701$6,915
18 years$34,710$28,722$23,625$19,328$15,739$5,743
19 years$32,539$26,619$21,627$17,464$14,028$4,777
20 years$30,588$24,736$19,848$15,817$12,530$3,978
21 years$28,825$23,041$18,257$14,355$11,213$3,315
22 years$27,225$21,508$16,826$13,052$10,051$2,766
23 years$25,766$20,116$15,536$11,887$9,022$2,308
24 years$24,430$18,847$14,368$10,841$8,110$1,928
25 years$23,203$17,687$13,308$9,901$7,297$1,611
26 years$22,073$16,623$12,342$9,053$6,573$1,347
27 years$21,028$15,644$11,461$8,286$5,926$1,126
28 years$20,059$14,741$10,654$7,592$5,347$942
29 years$19,159$13,907$9,915$6,962$4,829$788
30 years$18,320$13,133$9,235$6,390$4,363$659
31 years$17,537$12,416$8,610$5,868$3,944$552
32 years$16,804$11,748$8,033$5,393$3,568$462
33 years$16,118$11,125$7,501$4,959$3,229$386
34 years$15,473$10,544$7,008$4,563$2,924$324
35 years$14,866$10,001$6,552$4,201$2,648$271
36 years$14,294$9,492$6,129$3,869$2,399$227
37 years$13,754$9,016$5,737$3,564$2,175$190
38 years$13,244$8,568$5,372$3,285$1,971$159
39 years$12,762$8,147$5,033$3,029$1,788$133
40 years$12,304$7,752$4,718$2,794$1,622$111
41 years$11,870$7,379$4,424$2,578$1,471$93
42 years$11,458$7,027$4,150$2,379$1,335$78
43 years$11,066$6,696$3,894$2,196$1,211$65
44 years$10,693$6,382$3,655$2,028$1,100$55
45 years$10,338$6,086$3,432$1,873$998$46
46 years$9,999$5,806$3,223$1,730$906$38
47 years$9,675$5,541$3,028$1,598$823$32
48 years$9,366$5,289$2,846$1,477$747$27
49 years$9,070$5,051$2,675$1,365$679$23
50 years$8,787$4,825$2,515$1,262$617$19

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 $3,617 every year, while hoping to spend $21,121 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: 47/47/6 Blend
69$9,000,000$9,000,000$9,000,000$9,000,000
70$9,921,731$9,444,731$9,305,231$10,372,142
71$10,911,275$9,885,050$9,594,484$11,121,606
72$12,001,044$10,346,237$9,892,718$11,931,965
73$13,201,240$10,829,292$10,200,214$12,810,877
74$14,523,103$11,335,264$10,517,257$13,764,696
75$15,979,019$11,865,251$10,844,144$14,800,400
76$17,582,637$12,420,406$11,181,181$15,925,644
77$19,348,997$13,001,937$11,528,682$17,148,833
78$21,294,673$13,611,111$11,886,971$18,479,198
79$23,437,929$14,249,254$12,256,384$19,926,871
80$25,798,889$14,917,759$12,637,265$21,502,984
81$28,399,732$15,618,086$13,029,969$23,219,767
82$31,264,895$16,351,762$13,434,864$25,090,652
83$34,421,310$17,120,394$13,852,327$27,130,403
84$37,898,651$17,925,661$14,282,748$29,355,244
85$41,729,622$18,769,327$14,726,528$31,783,006
86$45,950,260$19,653,240$15,184,083$34,433,291
87$50,600,275$20,579,337$15,655,838$37,327,649
88$55,723,429$21,549,651$16,142,235$40,489,775
89$61,367,945$22,566,310$16,643,726$43,945,725
90$67,586,965$23,631,549$17,160,780$47,724,151
91$74,439,048$24,747,708$17,693,880$51,856,570
92$81,988,728$25,917,243$18,243,522$56,377,647
93$90,307,118$27,142,727$18,810,219$61,325,514
94$99,472,583$28,426,859$19,394,500$66,742,124
95$109,571,480$29,772,470$19,996,910$72,673,634
96$120,698,976$31,182,525$20,618,011$79,170,831
97$132,959,938$32,660,135$21,258,381$86,289,602
98$146,469,933$34,208,563$21,918,618$94,091,448
99$161,356,312$35,831,229$22,599,338$102,644,053
100$177,759,415$37,531,718$23,301,175$112,021,912