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

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$776,243$769,329$762,583$755,999$749,569$724,995
2 years$384,279$377,122$370,186$363,461$356,938$332,414
3 years$253,641$246,453$239,535$232,873$226,456$202,753
4 years$188,335$181,169$174,320$167,772$161,510$138,809
5 years$149,162$142,039$135,279$128,865$122,778$101,139
6 years$123,055$115,985$109,326$103,054$97,150$76,591
7 years$104,414$97,404$90,850$84,727$79,009$59,528
8 years$90,440$83,494$77,048$71,075$65,545$47,128
9 years$79,577$72,696$66,362$60,540$55,199$37,823
10 years$70,892$64,078$57,856$52,186$47,032$30,672
11 years$63,790$57,045$50,935$45,418$40,449$25,073
12 years$57,876$51,201$45,204$39,837$35,052$20,626
13 years$52,876$46,270$40,386$35,170$30,566$17,054
14 years$48,594$42,058$36,287$31,220$26,794$14,158
15 years$44,887$38,421$32,763$27,843$23,592$11,793
16 years$41,646$35,251$29,704$24,930$20,850$9,850
17 years$38,789$32,465$27,030$22,400$18,487$8,246
18 years$36,252$29,999$24,675$20,187$16,438$6,915
19 years$33,985$27,802$22,588$18,240$14,652$5,809
20 years$31,948$25,835$20,730$16,520$13,087$4,885
21 years$30,106$24,065$19,068$14,993$11,712$4,113
22 years$28,435$22,463$17,574$13,632$10,498$3,466
23 years$26,911$21,010$16,227$12,415$9,423$2,923
24 years$25,516$19,685$15,007$11,323$8,470$2,467
25 years$24,235$18,473$13,899$10,341$7,622$2,083
26 years$23,054$17,362$12,891$9,455$6,865$1,759
27 years$21,962$16,339$11,970$8,655$6,190$1,486
28 years$20,951$15,397$11,128$7,930$5,585$1,256
29 years$20,010$14,525$10,356$7,272$5,043$1,062
30 years$19,134$13,717$9,646$6,674$4,557$898
31 years$18,317$12,967$8,993$6,129$4,120$760
32 years$17,551$12,270$8,390$5,633$3,727$643
33 years$16,834$11,620$7,834$5,180$3,373$544
34 years$16,160$11,013$7,320$4,766$3,054$460
35 years$15,527$10,445$6,843$4,387$2,766$390
36 years$14,929$9,914$6,402$4,041$2,506$330
37 years$14,366$9,416$5,992$3,723$2,271$279
38 years$13,833$8,949$5,611$3,431$2,059$236
39 years$13,329$8,509$5,257$3,164$1,867$200
40 years$12,851$8,096$4,927$2,918$1,694$169
41 years$12,398$7,707$4,620$2,692$1,536$143
42 years$11,968$7,340$4,334$2,485$1,394$121
43 years$11,558$6,993$4,067$2,294$1,265$103
44 years$11,169$6,666$3,818$2,118$1,149$87
45 years$10,797$6,357$3,585$1,956$1,043$74
46 years$10,443$6,064$3,367$1,807$947$62
47 years$10,105$5,787$3,163$1,669$860$53
48 years$9,782$5,524$2,972$1,542$781$45
49 years$9,473$5,275$2,794$1,425$709$38
50 years$9,178$5,039$2,627$1,318$644$32

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 $4,901 every year, while hoping to spend $27,447 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: 73/21/6 Blend
69$9,400,000$9,400,000$9,400,000$9,400,000
70$10,363,855$9,865,655$9,719,955$11,112,908
71$11,391,765$10,319,869$10,016,370$12,061,232
72$12,523,602$10,795,419$10,321,796$13,095,528
73$13,769,937$11,293,323$10,636,504$14,227,435
74$15,142,420$11,814,645$10,960,775$15,466,578
75$16,653,886$12,360,502$11,294,901$16,823,545
76$18,318,481$12,932,064$11,639,178$18,309,993
77$20,151,789$13,530,559$11,993,914$19,938,750
78$22,170,988$14,157,272$12,359,426$21,723,934
79$24,395,001$14,813,552$12,736,040$23,681,089
80$26,844,685$15,500,809$13,124,091$25,827,323
81$29,543,021$16,220,527$13,523,926$28,181,472
82$32,515,332$16,974,256$13,935,901$30,764,272
83$35,789,526$17,763,624$14,360,383$33,598,554
84$39,396,352$18,590,336$14,797,750$36,709,455
85$43,369,698$19,456,181$15,248,393$40,124,653
86$47,746,905$20,363,032$15,712,712$43,874,627
87$52,569,123$21,312,853$16,191,121$47,992,938
88$57,881,695$22,307,705$16,684,046$52,516,543
89$63,734,592$23,349,747$17,191,925$57,486,145
90$70,182,876$24,441,240$17,715,211$62,946,565
91$77,287,227$25,584,559$18,254,368$68,947,170
92$85,114,512$26,782,189$18,809,877$75,542,329
93$93,738,415$28,036,739$19,382,230$82,791,923
94$103,240,136$29,350,943$19,971,938$90,761,909
95$113,709,155$30,727,664$20,579,523$99,524,934
96$125,244,078$32,169,909$21,205,526$109,161,017
97$137,953,566$33,680,826$21,850,503$119,758,299
98$151,957,361$35,263,718$22,515,026$131,413,873
99$167,387,418$36,922,046$23,199,686$144,234,690
100$184,389,148$38,659,440$23,905,089$158,338,565