Can I retire at age 70 with 9,700,000?

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 $9,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$801,017$793,882$786,921$780,126$773,492$748,732
2 years$396,543$389,158$382,000$375,061$368,329$343,612
3 years$261,736$254,319$247,180$240,305$233,683$209,785
4 years$194,346$186,951$179,883$173,126$166,665$143,768
5 years$153,922$146,572$139,597$132,978$126,696$104,863
6 years$126,982$119,687$112,815$106,343$100,250$79,498
7 years$107,746$100,513$93,750$87,431$81,530$61,858
8 years$93,326$86,158$79,507$73,343$67,637$49,031
9 years$82,117$75,016$68,480$62,472$56,960$39,398
10 years$73,154$66,123$59,702$53,852$48,533$31,989
11 years$65,826$58,866$52,561$46,867$41,740$26,184
12 years$59,723$52,835$46,646$41,109$36,171$21,569
13 years$54,564$47,747$41,675$36,293$31,542$17,858
14 years$50,145$43,401$37,446$32,217$27,649$14,846
15 years$46,319$39,647$33,808$28,732$24,345$12,384
16 years$42,975$36,376$30,652$25,726$21,516$10,358
17 years$40,027$33,501$27,892$23,115$19,078$8,684
18 years$37,409$30,956$25,462$20,831$16,963$7,294
19 years$35,070$28,690$23,309$18,823$15,119$6,136
20 years$32,967$26,660$21,392$17,047$13,505$5,168
21 years$31,067$24,833$19,677$15,472$12,085$4,358
22 years$29,342$23,180$18,135$14,067$10,833$3,678
23 years$27,770$21,680$16,744$12,811$9,724$3,107
24 years$26,330$20,313$15,486$11,685$8,740$2,626
25 years$25,008$19,063$14,343$10,671$7,865$2,221
26 years$23,790$17,916$13,302$9,757$7,084$1,879
27 years$22,663$16,861$12,352$8,931$6,387$1,590
28 years$21,619$15,888$11,483$8,183$5,763$1,346
29 years$20,649$14,988$10,686$7,504$5,204$1,140
30 years$19,745$14,155$9,954$6,887$4,702$966
31 years$18,901$13,381$9,280$6,325$4,251$818
32 years$18,111$12,661$8,658$5,813$3,846$693
33 years$17,371$11,990$8,084$5,345$3,480$588
34 years$16,676$11,364$7,553$4,918$3,151$498
35 years$16,022$10,779$7,062$4,527$2,854$422
36 years$15,406$10,231$6,606$4,170$2,586$358
37 years$14,824$9,717$6,183$3,842$2,344$303
38 years$14,275$9,234$5,790$3,541$2,125$257
39 years$13,754$8,781$5,425$3,265$1,927$218
40 years$13,261$8,354$5,085$3,011$1,748$185
41 years$12,794$7,953$4,768$2,778$1,586$157
42 years$12,350$7,574$4,472$2,564$1,439$133
43 years$11,927$7,216$4,197$2,367$1,306$113
44 years$11,525$6,879$3,939$2,186$1,185$96
45 years$11,142$6,559$3,699$2,018$1,076$81
46 years$10,776$6,257$3,474$1,864$977$69
47 years$10,428$5,971$3,264$1,723$887$58
48 years$10,094$5,701$3,067$1,592$806$50
49 years$9,776$5,444$2,883$1,471$732$42
50 years$9,471$5,200$2,710$1,360$665$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,700,000, adding $5,096 every year, while hoping to spend $30,540 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: 55/28/17 Blend
69$9,700,000$9,700,000$9,700,000$9,700,000
70$10,694,657$10,180,557$10,030,207$11,234,125
71$11,753,017$10,646,909$10,333,724$12,068,751
72$12,918,307$11,135,090$10,646,386$12,973,432
73$14,201,401$11,646,136$10,968,466$13,957,887
74$15,614,281$12,181,134$11,300,247$15,029,748
75$17,170,151$12,741,223$11,642,019$16,197,403
76$18,883,562$13,327,598$11,994,082$17,470,074
77$20,770,545$13,941,510$12,356,743$18,857,901
78$22,848,767$14,584,271$12,730,321$20,372,033
79$25,137,697$15,257,256$13,115,142$22,024,729
80$27,658,785$15,961,904$13,511,543$23,829,475
81$30,435,671$16,699,728$13,919,870$25,801,102
82$33,494,404$17,472,309$14,340,480$27,955,927
83$36,863,688$18,281,307$14,773,740$30,311,899
84$40,575,154$19,128,461$15,220,030$32,888,768
85$44,663,658$20,015,593$15,679,739$35,708,263
86$49,167,608$20,944,615$16,153,268$38,794,295
87$54,129,332$21,917,529$16,641,030$42,173,181
88$59,595,471$22,936,434$17,143,451$45,873,880
89$65,617,421$24,003,532$17,660,970$49,928,268
90$72,251,821$25,121,128$18,194,036$54,371,431
91$79,561,086$26,291,642$18,743,114$59,241,989
92$87,613,991$27,517,608$19,308,684$64,582,458
93$96,486,330$28,801,682$19,891,236$70,439,641
94$106,261,623$30,146,652$20,491,280$76,865,067
95$117,031,906$31,555,435$21,109,335$83,915,471
96$128,898,604$33,031,095$21,745,942$91,653,319
97$141,973,483$34,576,839$22,401,651$100,147,391
98$156,379,706$36,196,033$23,077,035$109,473,427
99$172,253,000$37,892,202$23,772,679$119,714,829
100$189,742,930$39,669,044$24,489,188$130,963,441