Can I retire at age 70 with 9,200,000?

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 $9,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$759,727$752,960$746,358$739,913$733,621$710,137
2 years$376,103$369,098$362,310$355,728$349,343$325,901
3 years$248,244$241,210$234,438$227,918$221,638$198,971
4 years$184,328$177,315$170,611$164,202$158,074$136,358
5 years$145,988$139,017$132,401$126,123$120,165$99,457
6 years$120,436$113,518$107,000$100,862$95,083$75,401
7 years$102,192$95,332$88,917$82,924$77,328$58,669
8 years$88,516$81,717$75,409$69,563$64,151$46,503
9 years$77,884$71,149$64,950$59,252$54,024$37,368
10 years$69,383$62,715$56,625$51,076$46,031$30,340
11 years$62,433$55,831$49,851$44,451$39,588$24,834
12 years$56,645$50,111$44,242$38,990$34,307$20,457
13 years$51,751$45,286$39,527$34,422$29,916$16,937
14 years$47,560$41,164$35,515$30,556$26,224$14,081
15 years$43,932$37,604$32,066$27,251$23,090$11,745
16 years$40,759$34,501$29,072$24,400$20,407$9,824
17 years$37,963$31,774$26,455$21,923$18,094$8,236
18 years$35,481$29,360$24,150$19,757$16,088$6,918
19 years$33,262$27,211$22,108$17,852$14,340$5,819
20 years$31,268$25,286$20,289$16,169$12,809$4,902
21 years$29,466$23,553$18,662$14,674$11,462$4,133
22 years$27,830$21,986$17,200$13,342$10,274$3,489
23 years$26,338$20,563$15,881$12,151$9,223$2,947
24 years$24,973$19,266$14,688$11,082$8,290$2,491
25 years$23,719$18,080$13,604$10,121$7,460$2,106
26 years$22,563$16,992$12,617$9,254$6,719$1,782
27 years$21,495$15,992$11,716$8,471$6,058$1,508
28 years$20,505$15,069$10,891$7,761$5,466$1,277
29 years$19,585$14,216$10,135$7,117$4,936$1,081
30 years$18,727$13,425$9,441$6,532$4,460$916
31 years$17,927$12,691$8,801$5,999$4,032$776
32 years$17,178$12,009$8,212$5,513$3,647$658
33 years$16,476$11,372$7,667$5,070$3,301$557
34 years$15,817$10,778$7,164$4,664$2,989$472
35 years$15,196$10,223$6,698$4,294$2,707$400
36 years$14,612$9,703$6,266$3,955$2,453$340
37 years$14,060$9,216$5,864$3,644$2,223$288
38 years$13,539$8,758$5,492$3,358$2,015$244
39 years$13,045$8,328$5,145$3,097$1,827$207
40 years$12,578$7,924$4,823$2,856$1,658$175
41 years$12,134$7,543$4,522$2,635$1,504$149
42 years$11,713$7,183$4,242$2,432$1,365$126
43 years$11,312$6,844$3,980$2,245$1,238$107
44 years$10,931$6,524$3,736$2,073$1,124$91
45 years$10,568$6,221$3,508$1,914$1,020$77
46 years$10,221$5,935$3,295$1,768$927$65
47 years$9,890$5,664$3,096$1,634$841$55
48 years$9,574$5,407$2,909$1,510$764$47
49 years$9,272$5,163$2,734$1,395$694$40
50 years$8,982$4,932$2,571$1,290$630$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,200,000, adding $5,111 every year, while hoping to spend $53,463 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: 66/17/17 Blend
69$9,200,000$9,200,000$9,200,000$9,200,000
70$10,143,672$9,656,072$9,513,472$10,770,703
71$11,121,442$10,072,335$9,775,289$11,607,144
72$12,197,153$10,507,204$10,044,085$12,514,452
73$13,380,739$10,961,532$10,320,038$13,504,951
74$14,683,143$11,436,216$10,603,328$14,586,794
75$16,116,426$11,932,194$10,894,142$15,768,952
76$17,693,876$12,450,445$11,192,670$17,061,297
77$19,430,133$12,991,999$11,499,106$18,474,696
78$21,341,329$13,557,930$11,813,649$20,021,110
79$23,445,242$14,149,365$12,136,503$21,713,703
80$25,761,457$14,767,485$12,467,877$23,566,969
81$28,311,558$15,413,523$12,807,982$25,596,864
82$31,119,325$16,088,774$13,157,038$27,820,953
83$34,210,964$16,794,592$13,515,267$30,258,576
84$37,615,350$17,532,395$13,882,897$32,931,029
85$41,364,303$18,303,669$14,260,160$35,861,760
86$45,492,882$19,109,969$14,647,296$39,076,589
87$50,039,723$19,952,925$15,044,548$42,603,949
88$55,047,399$20,834,242$15,452,164$46,475,152
89$60,562,822$21,755,708$15,870,400$50,724,684
90$66,637,686$22,719,195$16,299,515$55,390,521
91$73,328,957$23,726,662$16,739,775$60,514,492
92$80,699,405$24,780,163$17,191,452$66,142,665
93$88,818,203$25,881,849$17,654,824$72,325,784
94$97,761,572$27,033,973$18,130,173$79,119,739
95$107,613,509$28,238,893$18,617,790$86,586,092
96$118,466,571$29,499,083$19,117,970$94,792,657
97$130,422,754$30,817,132$19,631,016$103,814,132
98$143,594,455$32,195,751$20,157,235$113,732,803
99$158,105,530$33,637,784$20,696,943$124,639,317
100$174,092,465$35,146,205$21,250,461$136,633,528