Can I retire at age 70 with 9,500,000?

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 $9,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$784,501$777,513$770,696$764,041$757,543$747,767
2 years$388,367$381,134$374,124$367,327$360,735$350,900
3 years$256,339$249,075$242,083$235,350$228,865$219,276
4 years$190,339$183,097$176,174$169,557$163,228$153,960
5 years$150,748$143,550$136,719$130,236$124,084$115,163
6 years$124,364$117,219$110,489$104,151$98,183$89,620
7 years$105,525$98,441$91,817$85,628$79,849$71,647
8 years$91,402$84,382$77,868$71,831$66,243$58,401
9 years$80,423$73,470$67,068$61,184$55,786$48,301
10 years$71,646$64,760$58,471$52,741$47,532$40,399
11 years$64,469$57,652$51,477$45,901$40,879$34,092
12 years$58,492$51,745$45,685$40,261$35,425$28,975
13 years$53,439$46,763$40,816$35,545$30,891$24,770
14 years$49,111$42,506$36,673$31,552$27,079$21,278
15 years$45,364$38,830$33,111$28,139$23,843$18,352
16 years$42,089$35,626$30,020$25,196$21,072$15,881
17 years$39,201$32,810$27,317$22,638$18,684$13,783
18 years$36,638$30,318$24,937$20,401$16,613$11,991
19 years$34,347$28,098$22,829$18,434$14,808$10,454
20 years$32,287$26,110$20,951$16,696$13,226$9,130
21 years$30,427$24,321$19,271$15,153$11,836$7,987
22 years$28,737$22,702$17,761$13,777$10,609$6,995
23 years$27,197$21,233$16,399$12,547$9,524$6,134
24 years$25,787$19,894$15,167$11,444$8,560$5,385
25 years$24,492$18,670$14,047$10,451$7,703$4,731
26 years$23,299$17,546$13,028$9,556$6,938$4,160
27 years$22,196$16,513$12,098$8,747$6,256$3,660
28 years$21,173$15,560$11,246$8,014$5,644$3,222
29 years$20,223$14,679$10,466$7,349$5,097$2,838
30 years$19,338$13,863$9,748$6,745$4,605$2,501
31 years$18,511$13,105$9,088$6,194$4,164$2,205
32 years$17,738$12,400$8,479$5,693$3,766$1,944
33 years$17,013$11,743$7,917$5,235$3,408$1,715
34 years$16,332$11,130$7,397$4,817$3,086$1,513
35 years$15,692$10,557$6,916$4,434$2,795$1,336
36 years$15,088$10,020$6,470$4,084$2,533$1,179
37 years$14,519$9,516$6,056$3,762$2,295$1,041
38 years$13,980$9,044$5,671$3,468$2,081$919
39 years$13,471$8,600$5,313$3,198$1,887$812
40 years$12,988$8,182$4,980$2,949$1,712$717
41 years$12,530$7,789$4,670$2,721$1,553$634
42 years$12,095$7,418$4,380$2,511$1,409$560
43 years$11,681$7,068$4,110$2,318$1,279$495
44 years$11,287$6,737$3,858$2,140$1,161$437
45 years$10,912$6,424$3,623$1,977$1,054$386
46 years$10,554$6,128$3,403$1,826$957$341
47 years$10,213$5,848$3,197$1,687$869$302
48 years$9,886$5,583$3,004$1,559$789$267
49 years$9,574$5,332$2,823$1,441$717$236
50 years$9,275$5,093$2,654$1,332$651$208

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,500,000, adding $2,969 every year, while hoping to spend $56,887 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: 50/32/18 Blend
69$9,500,000$9,500,000$9,500,000$9,500,000
70$10,472,063$9,968,563$9,821,313$10,943,190
71$11,479,686$10,396,495$10,089,799$11,696,608
72$12,588,180$10,843,489$10,365,374$12,508,839
73$13,807,773$11,310,419$10,648,213$13,390,334
74$15,149,737$11,798,201$10,938,499$14,347,644
75$16,626,488$12,307,791$11,236,417$15,387,967
76$18,251,710$12,840,192$11,542,157$16,519,215
77$20,040,478$13,396,455$11,855,912$17,750,082
78$22,009,403$13,977,678$12,177,882$19,090,128
79$24,176,790$14,585,013$12,508,269$20,549,862
80$26,562,807$15,219,663$12,847,280$22,140,841
81$29,189,678$15,882,890$13,195,128$23,875,772
82$32,081,889$16,576,016$13,552,029$25,768,632
83$35,266,424$17,300,423$13,918,204$27,834,794
84$38,773,015$18,057,559$14,293,880$30,091,170
85$42,634,425$18,848,942$14,679,288$32,556,363
86$46,886,756$19,676,160$15,074,663$35,250,843
87$51,569,788$20,540,875$15,480,248$38,197,133
88$56,727,358$21,444,830$15,896,288$41,420,018
89$62,407,770$22,389,848$16,323,035$44,946,771
90$68,664,252$23,377,840$16,760,746$48,807,411
91$75,555,459$24,410,806$17,209,683$53,034,978
92$83,146,023$25,490,843$17,670,115$57,665,837
93$91,507,167$26,620,144$18,142,314$62,740,021
94$100,717,376$27,801,010$18,626,560$68,301,597
95$110,863,136$29,035,846$19,123,137$74,399,082
96$122,039,749$30,327,176$19,632,335$81,085,888
97$134,352,238$31,677,642$20,154,452$88,420,824
98$147,916,329$33,090,010$20,689,790$96,468,641
99$162,859,553$34,567,179$21,238,657$105,300,640
100$179,322,443$36,112,186$21,801,367$114,995,331