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%14.6%
1 years$759,727$752,960$746,358$739,913$733,621$719,692
2 years$376,103$369,098$362,310$355,728$349,343$335,364
3 years$248,244$241,210$234,438$227,918$221,638$208,045
4 years$184,328$177,315$170,611$164,202$158,074$144,971
5 years$145,988$139,017$132,401$126,123$120,165$107,591
6 years$120,436$113,518$107,000$100,862$95,083$83,050
7 years$102,192$95,332$88,917$82,924$77,328$65,840
8 years$88,516$81,717$75,409$69,563$64,151$53,204
9 years$77,884$71,149$64,950$59,252$54,024$43,613
10 years$69,383$62,715$56,625$51,076$46,031$36,145
11 years$62,433$55,831$49,851$44,451$39,588$30,216
12 years$56,645$50,111$44,242$38,990$34,307$25,435
13 years$51,751$45,286$39,527$34,422$29,916$21,530
14 years$47,560$41,164$35,515$30,556$26,224$18,309
15 years$43,932$37,604$32,066$27,251$23,090$15,630
16 years$40,759$34,501$29,072$24,400$20,407$13,385
17 years$37,963$31,774$26,455$21,923$18,094$11,493
18 years$35,481$29,360$24,150$19,757$16,088$9,891
19 years$33,262$27,211$22,108$17,852$14,340$8,529
20 years$31,268$25,286$20,289$16,169$12,809$7,366
21 years$29,466$23,553$18,662$14,674$11,462$6,371
22 years$27,830$21,986$17,200$13,342$10,274$5,516
23 years$26,338$20,563$15,881$12,151$9,223$4,782
24 years$24,973$19,266$14,688$11,082$8,290$4,148
25 years$23,719$18,080$13,604$10,121$7,460$3,602
26 years$22,563$16,992$12,617$9,254$6,719$3,129
27 years$21,495$15,992$11,716$8,471$6,058$2,720
28 years$20,505$15,069$10,891$7,761$5,466$2,366
29 years$19,585$14,216$10,135$7,117$4,936$2,059
30 years$18,727$13,425$9,441$6,532$4,460$1,792
31 years$17,927$12,691$8,801$5,999$4,032$1,560
32 years$17,178$12,009$8,212$5,513$3,647$1,359
33 years$16,476$11,372$7,667$5,070$3,301$1,184
34 years$15,817$10,778$7,164$4,664$2,989$1,031
35 years$15,196$10,223$6,698$4,294$2,707$899
36 years$14,612$9,703$6,266$3,955$2,453$784
37 years$14,060$9,216$5,864$3,644$2,223$683
38 years$13,539$8,758$5,492$3,358$2,015$596
39 years$13,045$8,328$5,145$3,097$1,827$519
40 years$12,578$7,924$4,823$2,856$1,658$453
41 years$12,134$7,543$4,522$2,635$1,504$395
42 years$11,713$7,183$4,242$2,432$1,365$344
43 years$11,312$6,844$3,980$2,245$1,238$300
44 years$10,931$6,524$3,736$2,073$1,124$262
45 years$10,568$6,221$3,508$1,914$1,020$229
46 years$10,221$5,935$3,295$1,768$927$199
47 years$9,890$5,664$3,096$1,634$841$174
48 years$9,574$5,407$2,909$1,510$764$152
49 years$9,272$5,163$2,734$1,395$694$132
50 years$8,982$4,932$2,571$1,290$630$116

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 $2,533 every year, while hoping to spend $53,400 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: 69/25/6 Blend
69$9,200,000$9,200,000$9,200,000$9,200,000
70$10,141,013$9,653,413$9,510,813$10,832,175
71$11,118,579$10,069,613$9,772,608$11,705,909
72$12,194,067$10,504,417$10,041,383$12,654,535
73$13,377,409$10,958,680$10,317,317$13,690,722
74$14,679,547$11,433,298$10,600,589$14,823,037
75$16,112,539$11,929,208$10,891,388$16,060,907
76$17,689,671$12,447,392$11,189,901$17,414,702
77$19,425,580$12,988,876$11,496,325$18,895,835
78$21,336,395$13,554,738$11,810,859$20,516,865
79$23,439,890$14,146,103$12,133,705$22,291,614
80$25,755,648$14,764,151$12,465,074$24,235,295
81$28,305,248$15,410,118$12,805,177$26,364,654
82$31,112,465$16,085,296$13,154,233$28,698,124
83$34,203,502$16,791,041$13,512,465$31,255,995
84$37,607,228$17,528,770$13,880,101$34,060,606
85$41,355,455$18,299,970$14,257,374$37,136,552
86$45,483,239$19,106,196$14,644,524$40,510,909
87$50,029,206$19,949,077$15,041,792$44,213,494
88$55,035,923$20,830,319$15,449,430$48,277,133
89$60,550,293$21,751,710$15,867,691$52,737,977
90$66,624,000$22,715,121$16,296,836$57,635,833
91$73,313,999$23,722,513$16,737,132$63,014,539
92$80,683,050$24,775,940$17,188,849$68,922,372
93$88,800,312$25,877,552$17,652,266$75,412,501
94$97,741,994$27,029,601$18,127,667$82,543,481
95$107,592,074$28,234,449$18,615,341$90,379,806
96$118,443,095$29,494,567$19,115,584$98,992,510
97$130,397,035$30,812,544$19,628,700$108,459,834
98$143,566,267$32,191,094$20,154,996$118,867,954
99$158,074,627$33,633,057$20,694,789$130,311,798
100$174,058,574$35,141,412$21,248,399$142,895,928