Can I retire at age 70 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$776,243$769,329$762,583$755,999$749,569$729,084
2 years$384,279$377,122$370,186$363,461$356,938$336,448
3 years$253,641$246,453$239,535$232,873$226,456$206,604
4 years$188,335$181,169$174,320$167,772$161,510$142,449
5 years$149,162$142,039$135,279$128,865$122,778$104,559
6 years$123,055$115,985$109,326$103,054$97,150$79,791
7 years$104,414$97,404$90,850$84,727$79,009$62,510
8 years$90,440$83,494$77,048$71,075$65,545$49,899
9 years$79,577$72,696$66,362$60,540$55,199$40,390
10 years$70,892$64,078$57,856$52,186$47,032$33,041
11 years$63,790$57,045$50,935$45,418$40,449$27,255
12 years$57,876$51,201$45,204$39,837$35,052$22,630
13 years$52,876$46,270$40,386$35,170$30,566$18,889
14 years$48,594$42,058$36,287$31,220$26,794$15,834
15 years$44,887$38,421$32,763$27,843$23,592$13,320
16 years$41,646$35,251$29,704$24,930$20,850$11,238
17 years$38,789$32,465$27,030$22,400$18,487$9,505
18 years$36,252$29,999$24,675$20,187$16,438$8,054
19 years$33,985$27,802$22,588$18,240$14,652$6,837
20 years$31,948$25,835$20,730$16,520$13,087$5,812
21 years$30,106$24,065$19,068$14,993$11,712$4,947
22 years$28,435$22,463$17,574$13,632$10,498$4,214
23 years$26,911$21,010$16,227$12,415$9,423$3,593
24 years$25,516$19,685$15,007$11,323$8,470$3,066
25 years$24,235$18,473$13,899$10,341$7,622$2,618
26 years$23,054$17,362$12,891$9,455$6,865$2,236
27 years$21,962$16,339$11,970$8,655$6,190$1,911
28 years$20,951$15,397$11,128$7,930$5,585$1,634
29 years$20,010$14,525$10,356$7,272$5,043$1,398
30 years$19,134$13,717$9,646$6,674$4,557$1,196
31 years$18,317$12,967$8,993$6,129$4,120$1,023
32 years$17,551$12,270$8,390$5,633$3,727$876
33 years$16,834$11,620$7,834$5,180$3,373$750
34 years$16,160$11,013$7,320$4,766$3,054$642
35 years$15,527$10,445$6,843$4,387$2,766$550
36 years$14,929$9,914$6,402$4,041$2,506$471
37 years$14,366$9,416$5,992$3,723$2,271$403
38 years$13,833$8,949$5,611$3,431$2,059$345
39 years$13,329$8,509$5,257$3,164$1,867$296
40 years$12,851$8,096$4,927$2,918$1,694$253
41 years$12,398$7,707$4,620$2,692$1,536$217
42 years$11,968$7,340$4,334$2,485$1,394$186
43 years$11,558$6,993$4,067$2,294$1,265$159
44 years$11,169$6,666$3,818$2,118$1,149$136
45 years$10,797$6,357$3,585$1,956$1,043$117
46 years$10,443$6,064$3,367$1,807$947$100
47 years$10,105$5,787$3,163$1,669$860$86
48 years$9,782$5,524$2,972$1,542$781$74
49 years$9,473$5,275$2,794$1,425$709$63
50 years$9,178$5,039$2,627$1,318$644$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,400,000, adding $3,088 every year, while hoping to spend $42,877 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: 34/47/19 Blend
69$9,400,000$9,400,000$9,400,000$9,400,000
70$10,361,985$9,863,785$9,718,085$10,653,658
71$11,373,287$10,301,490$9,998,020$11,306,471
72$12,486,304$10,759,205$10,285,896$12,005,785
73$13,711,367$11,237,866$10,581,934$12,759,012
74$15,059,858$11,738,452$10,886,359$13,570,945
75$16,544,317$12,261,990$11,199,406$14,446,834
76$18,178,564$12,809,554$11,521,313$15,392,435
77$19,977,826$13,382,271$11,852,325$16,414,056
78$21,958,882$13,981,320$12,192,696$17,518,615
79$24,140,220$14,607,937$12,542,683$18,713,699
80$26,542,213$15,263,416$12,902,554$20,007,633
81$29,187,309$15,949,115$13,272,580$21,409,549
82$32,100,246$16,666,452$13,653,043$22,929,472
83$35,308,281$17,416,918$14,044,229$24,578,406
84$38,841,450$18,202,072$14,446,436$26,368,431
85$42,732,852$19,023,548$14,859,966$28,312,815
86$47,018,959$19,883,057$15,285,130$30,426,127
87$51,739,960$20,782,395$15,722,249$32,724,373
88$56,940,143$21,723,439$16,171,652$35,225,139
89$62,668,310$22,708,160$16,633,675$37,947,747
90$68,978,239$23,738,621$17,108,664$40,913,431
91$75,929,190$24,816,983$17,596,974$44,145,531
92$83,586,465$25,945,514$18,098,971$47,669,705
93$92,022,027$27,126,586$18,615,028$51,514,157
94$101,315,172$28,362,687$19,145,531$55,709,902
95$111,553,286$29,656,425$19,690,872$60,291,044
96$122,832,662$31,010,531$20,251,457$65,295,089
97$135,259,414$32,427,868$20,827,702$70,763,288
98$148,950,477$33,911,435$21,420,032$76,741,018
99$164,034,707$35,464,378$22,028,885$83,278,194
100$180,654,105$37,089,990$22,654,710$90,429,735