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%18.1%
1 years$784,501$777,513$770,696$764,041$757,543$732,707
2 years$388,367$381,134$374,124$367,327$360,735$335,950
3 years$256,339$249,075$242,083$235,350$228,865$204,910
4 years$190,339$183,097$176,174$169,557$163,228$140,285
5 years$150,748$143,550$136,719$130,236$124,084$102,214
6 years$124,364$117,219$110,489$104,151$98,183$77,406
7 years$105,525$98,441$91,817$85,628$79,849$60,161
8 years$91,402$84,382$77,868$71,831$66,243$47,629
9 years$80,423$73,470$67,068$61,184$55,786$38,226
10 years$71,646$64,760$58,471$52,741$47,532$30,998
11 years$64,469$57,652$51,477$45,901$40,879$25,339
12 years$58,492$51,745$45,685$40,261$35,425$20,845
13 years$53,439$46,763$40,816$35,545$30,891$17,236
14 years$49,111$42,506$36,673$31,552$27,079$14,309
15 years$45,364$38,830$33,111$28,139$23,843$11,919
16 years$42,089$35,626$30,020$25,196$21,072$9,955
17 years$39,201$32,810$27,317$22,638$18,684$8,334
18 years$36,638$30,318$24,937$20,401$16,613$6,989
19 years$34,347$28,098$22,829$18,434$14,808$5,870
20 years$32,287$26,110$20,951$16,696$13,226$4,937
21 years$30,427$24,321$19,271$15,153$11,836$4,157
22 years$28,737$22,702$17,761$13,777$10,609$3,503
23 years$27,197$21,233$16,399$12,547$9,524$2,954
24 years$25,787$19,894$15,167$11,444$8,560$2,493
25 years$24,492$18,670$14,047$10,451$7,703$2,105
26 years$23,299$17,546$13,028$9,556$6,938$1,778
27 years$22,196$16,513$12,098$8,747$6,256$1,502
28 years$21,173$15,560$11,246$8,014$5,644$1,270
29 years$20,223$14,679$10,466$7,349$5,097$1,074
30 years$19,338$13,863$9,748$6,745$4,605$908
31 years$18,511$13,105$9,088$6,194$4,164$768
32 years$17,738$12,400$8,479$5,693$3,766$650
33 years$17,013$11,743$7,917$5,235$3,408$550
34 years$16,332$11,130$7,397$4,817$3,086$465
35 years$15,692$10,557$6,916$4,434$2,795$394
36 years$15,088$10,020$6,470$4,084$2,533$333
37 years$14,519$9,516$6,056$3,762$2,295$282
38 years$13,980$9,044$5,671$3,468$2,081$239
39 years$13,471$8,600$5,313$3,198$1,887$202
40 years$12,988$8,182$4,980$2,949$1,712$171
41 years$12,530$7,789$4,670$2,721$1,553$145
42 years$12,095$7,418$4,380$2,511$1,409$123
43 years$11,681$7,068$4,110$2,318$1,279$104
44 years$11,287$6,737$3,858$2,140$1,161$88
45 years$10,912$6,424$3,623$1,977$1,054$74
46 years$10,554$6,128$3,403$1,826$957$63
47 years$10,213$5,848$3,197$1,687$869$53
48 years$9,886$5,583$3,004$1,559$789$45
49 years$9,574$5,332$2,823$1,441$717$38
50 years$9,275$5,093$2,654$1,332$651$32

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 $6,055 every year, while hoping to spend $41,056 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: 46/34/20 Blend
69$9,500,000$9,500,000$9,500,000$9,500,000
70$10,475,246$9,971,746$9,824,496$10,896,919
71$11,500,038$10,416,678$10,109,933$11,637,605
72$12,627,982$10,882,036$10,403,557$12,436,146
73$13,869,558$11,368,777$10,705,597$13,301,658
74$15,236,310$11,877,904$11,016,292$14,240,400
75$16,740,960$12,410,469$11,335,885$15,259,248
76$18,397,528$12,967,571$11,664,626$16,365,752
77$20,221,458$13,550,364$12,002,774$17,568,206
78$22,229,772$14,160,057$12,350,591$18,875,724
79$24,441,224$14,797,916$12,708,352$20,298,321
80$26,876,480$15,465,265$13,076,333$21,847,004
81$29,558,314$16,163,496$13,454,823$23,533,871
82$32,511,819$16,894,064$13,844,116$25,372,225
83$35,764,645$17,658,494$14,244,515$27,376,688
84$39,347,263$18,458,384$14,656,331$29,563,340
85$43,293,249$19,295,410$15,079,883$31,949,866
86$47,639,602$20,171,326$15,515,500$34,555,715
87$52,427,091$21,087,971$15,963,519$37,402,279
88$57,700,644$22,047,272$16,424,287$40,513,092
89$63,509,768$23,051,246$16,898,159$43,914,044
90$69,909,018$24,102,011$17,385,501$47,633,620
91$76,958,511$25,201,783$17,886,688$51,703,163
92$84,724,493$26,352,885$18,402,107$56,157,164
93$93,279,967$27,557,751$18,932,152$61,033,578
94$102,705,377$28,818,934$19,477,232$66,374,180
95$113,089,370$30,139,106$20,037,764$72,224,945
96$124,529,633$31,521,071$20,614,178$78,636,484
97$137,133,816$32,967,763$21,206,913$85,664,502
98$151,020,544$34,482,262$21,816,423$93,370,325
99$166,320,539$36,067,792$22,443,172$101,821,466
100$183,177,854$37,727,734$23,087,639$111,092,253