Can I retire at age 70 with 9,300,000?

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 $9,300,000?

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$767,985$761,144$754,470$747,956$741,595$726,325
2 years$380,191$373,110$366,248$359,594$353,141$337,826
3 years$250,943$243,832$236,987$230,396$224,047$209,165
4 years$186,331$179,242$172,466$165,987$159,792$145,458
5 years$147,575$140,528$133,840$127,494$121,471$107,725
6 years$121,745$114,752$108,163$101,958$96,116$82,973
7 years$103,303$96,368$89,884$83,825$78,168$65,631
8 years$89,478$82,605$76,229$70,319$64,848$52,913
9 years$78,730$71,923$65,656$59,896$54,611$43,270
10 years$70,137$63,396$57,240$51,631$46,532$35,773
11 years$63,111$56,438$50,393$44,934$40,019$29,829
12 years$57,261$50,656$44,723$39,414$34,679$25,044
13 years$52,314$45,778$39,957$34,796$30,241$21,144
14 years$48,077$41,611$35,901$30,888$26,509$17,932
15 years$44,409$38,012$32,414$27,547$23,341$15,265
16 years$41,203$34,876$29,388$24,665$20,629$13,036
17 years$38,376$32,119$26,742$22,162$18,291$11,161
18 years$35,867$29,680$24,412$19,972$16,263$9,578
19 years$33,624$27,507$22,348$18,046$14,496$8,234
20 years$31,608$25,561$20,510$16,344$12,948$7,090
21 years$29,786$23,809$18,865$14,834$11,587$6,113
22 years$28,132$22,225$17,387$13,487$10,386$5,277
23 years$26,625$20,786$16,054$12,283$9,323$4,560
24 years$25,245$19,475$14,847$11,203$8,380$3,944
25 years$23,977$18,277$13,752$10,231$7,541$3,413
26 years$22,809$17,177$12,754$9,355$6,792$2,956
27 years$21,729$16,166$11,843$8,563$6,124$2,561
28 years$20,728$15,233$11,010$7,845$5,526$2,220
29 years$19,797$14,370$10,245$7,194$4,990$1,926
30 years$18,931$13,571$9,543$6,603$4,508$1,671
31 years$18,122$12,829$8,897$6,064$4,076$1,450
32 years$17,365$12,139$8,301$5,573$3,687$1,259
33 years$16,655$11,496$7,751$5,125$3,337$1,093
34 years$15,988$10,896$7,242$4,715$3,021$949
35 years$15,361$10,334$6,771$4,341$2,736$824
36 years$14,771$9,809$6,334$3,998$2,479$716
37 years$14,213$9,316$5,928$3,683$2,247$622
38 years$13,686$8,854$5,551$3,395$2,037$541
39 years$13,187$8,419$5,201$3,130$1,847$470
40 years$12,715$8,010$4,875$2,887$1,676$408
41 years$12,266$7,625$4,571$2,664$1,520$355
42 years$11,840$7,261$4,288$2,458$1,379$308
43 years$11,435$6,919$4,024$2,269$1,252$268
44 years$11,050$6,595$3,777$2,095$1,136$233
45 years$10,682$6,289$3,546$1,935$1,032$203
46 years$10,332$5,999$3,331$1,788$937$176
47 years$9,998$5,725$3,129$1,651$850$153
48 years$9,678$5,466$2,941$1,526$772$133
49 years$9,372$5,219$2,764$1,410$701$116
50 years$9,080$4,986$2,599$1,304$637$101

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,300,000, adding $2,955 every year, while hoping to spend $31,796 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: 62/16/22 Blend
69$9,300,000$9,300,000$9,300,000$9,300,000
70$10,251,648$9,758,748$9,614,598$10,828,076
71$11,263,485$10,203,096$9,902,856$11,662,418
72$12,377,465$10,668,151$10,199,706$12,569,166
73$13,603,970$11,154,895$10,505,400$13,558,451
74$14,954,446$11,664,356$10,820,202$14,638,323
75$16,441,500$12,197,610$11,144,379$15,817,640
76$18,079,028$12,755,787$11,478,211$17,106,146
77$19,882,339$13,340,071$11,821,981$18,514,567
78$21,868,304$13,951,701$12,175,984$20,054,705
79$24,055,513$14,591,977$12,540,522$21,739,546
80$26,464,453$15,262,260$12,915,906$23,583,388
81$29,117,695$15,963,979$13,302,457$25,601,967
82$32,040,114$16,698,629$13,700,504$27,812,602
83$35,259,122$17,467,777$14,110,386$30,234,363
84$38,804,922$18,273,068$14,532,454$32,888,242
85$42,710,798$19,116,223$14,967,066$35,797,352
86$47,013,430$19,999,048$15,414,592$38,987,138
87$51,753,232$20,923,434$15,875,414$42,485,620
88$56,974,744$21,891,365$16,349,923$46,323,649
89$62,727,045$22,904,919$16,838,522$50,535,201
90$69,064,218$23,966,274$17,341,627$55,157,686
91$76,045,862$25,077,715$17,859,665$60,232,305
92$83,737,652$26,241,635$18,393,076$65,804,433
93$92,211,960$27,460,543$18,942,312$71,924,042
94$101,548,540$28,737,069$19,507,839$78,646,168
95$111,835,276$30,073,970$20,090,136$86,031,430
96$123,169,015$31,474,137$20,689,697$94,146,596
97$135,656,483$32,940,597$21,307,030$103,065,209
98$149,415,285$34,476,527$21,942,656$112,868,273
99$164,575,023$36,085,255$22,597,114$123,645,018
100$181,278,514$37,770,272$23,270,956$135,493,736