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%16.2%
1 years$784,501$777,513$770,696$764,041$757,543$738,331
2 years$388,367$381,134$374,124$367,327$360,735$341,504
3 years$256,339$249,075$242,083$235,350$228,865$210,216
4 years$190,339$183,097$176,174$169,557$163,228$145,306
5 years$150,748$143,550$136,719$130,236$124,084$106,937
6 years$124,364$117,219$110,489$104,151$98,183$81,829
7 years$105,525$98,441$91,817$85,628$79,849$64,289
8 years$91,402$84,382$77,868$71,831$66,243$51,469
9 years$80,423$73,470$67,068$61,184$55,786$41,787
10 years$71,646$64,760$58,471$52,741$47,532$34,291
11 years$64,469$57,652$51,477$45,901$40,879$28,376
12 years$58,492$51,745$45,685$40,261$35,425$23,638
13 years$53,439$46,763$40,816$35,545$30,891$19,797
14 years$49,111$42,506$36,673$31,552$27,079$16,653
15 years$45,364$38,830$33,111$28,139$23,843$14,058
16 years$42,089$35,626$30,020$25,196$21,072$11,903
17 years$39,201$32,810$27,317$22,638$18,684$10,104
18 years$36,638$30,318$24,937$20,401$16,613$8,594
19 years$34,347$28,098$22,829$18,434$14,808$7,322
20 years$32,287$26,110$20,951$16,696$13,226$6,248
21 years$30,427$24,321$19,271$15,153$11,836$5,338
22 years$28,737$22,702$17,761$13,777$10,609$4,566
23 years$27,197$21,233$16,399$12,547$9,524$3,908
24 years$25,787$19,894$15,167$11,444$8,560$3,348
25 years$24,492$18,670$14,047$10,451$7,703$2,870
26 years$23,299$17,546$13,028$9,556$6,938$2,462
27 years$22,196$16,513$12,098$8,747$6,256$2,113
28 years$21,173$15,560$11,246$8,014$5,644$1,814
29 years$20,223$14,679$10,466$7,349$5,097$1,557
30 years$19,338$13,863$9,748$6,745$4,605$1,338
31 years$18,511$13,105$9,088$6,194$4,164$1,150
32 years$17,738$12,400$8,479$5,693$3,766$988
33 years$17,013$11,743$7,917$5,235$3,408$849
34 years$16,332$11,130$7,397$4,817$3,086$730
35 years$15,692$10,557$6,916$4,434$2,795$628
36 years$15,088$10,020$6,470$4,084$2,533$540
37 years$14,519$9,516$6,056$3,762$2,295$464
38 years$13,980$9,044$5,671$3,468$2,081$399
39 years$13,471$8,600$5,313$3,198$1,887$344
40 years$12,988$8,182$4,980$2,949$1,712$296
41 years$12,530$7,789$4,670$2,721$1,553$254
42 years$12,095$7,418$4,380$2,511$1,409$219
43 years$11,681$7,068$4,110$2,318$1,279$188
44 years$11,287$6,737$3,858$2,140$1,161$162
45 years$10,912$6,424$3,623$1,977$1,054$139
46 years$10,554$6,128$3,403$1,826$957$120
47 years$10,213$5,848$3,197$1,687$869$103
48 years$9,886$5,583$3,004$1,559$789$89
49 years$9,574$5,332$2,823$1,441$717$76
50 years$9,275$5,093$2,654$1,332$651$66

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 $5,073 every year, while hoping to spend $53,044 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: 53/36/11 Blend
69$9,500,000$9,500,000$9,500,000$9,500,000
70$10,474,233$9,970,733$9,823,483$10,999,316
71$11,486,166$10,402,860$10,096,131$11,789,180
72$12,599,539$10,854,384$10,376,135$12,641,936
73$13,824,642$11,326,199$10,663,686$13,568,474
74$15,172,814$11,819,241$10,958,978$14,575,793
75$16,656,548$12,334,491$11,262,211$15,671,582
76$18,289,610$12,872,976$11,573,589$16,864,292
77$20,087,169$13,435,770$11,893,323$18,163,214
78$22,065,938$14,024,000$12,221,627$19,578,557
79$24,244,332$14,638,845$12,558,719$21,121,548
80$26,642,643$15,281,538$12,904,826$22,804,532
81$29,283,233$15,953,373$13,260,178$24,641,082
82$32,190,738$16,655,704$13,625,009$26,646,126
83$35,392,308$17,389,948$13,999,562$28,836,084
84$38,917,859$18,157,591$14,384,082$31,229,019
85$42,800,355$18,960,187$14,778,824$33,844,799
86$47,076,121$19,799,367$15,184,045$36,705,285
87$51,785,185$20,676,835$15,600,010$39,834,531
88$56,971,654$21,594,379$16,026,989$43,259,002
89$62,684,129$22,553,871$16,465,261$47,007,825
90$68,976,171$23,557,271$16,915,107$51,113,054
91$75,906,796$24,606,633$17,376,819$55,609,967
92$83,541,039$25,704,108$17,850,692$60,537,395
93$91,950,565$26,851,949$18,337,031$65,938,080
94$101,214,345$28,052,518$18,836,144$71,859,073
95$111,419,403$29,308,286$19,348,349$78,352,171
96$122,661,634$30,621,844$19,873,971$85,474,398
97$135,046,713$31,995,906$20,413,341$93,288,537
98$148,691,088$33,433,315$20,966,798$101,863,714
99$163,723,082$34,937,051$21,534,689$111,276,041
100$180,284,102$36,510,232$22,117,367$121,609,328