Can I retire at age 70 with 9,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$809,275$802,066$795,033$788,169$781,466$751,350
2 years$400,631$393,170$385,938$378,927$372,127$342,145
3 years$264,434$256,941$249,728$242,782$236,092$207,188
4 years$196,349$188,879$181,738$174,911$168,383$140,776
5 years$155,509$148,083$141,036$134,348$128,002$101,764
6 years$128,291$120,921$113,978$107,440$101,284$76,431
7 years$108,857$101,549$94,716$88,332$82,371$58,896
8 years$94,288$87,047$80,327$74,099$68,335$46,215
9 years$82,963$75,790$69,186$63,116$57,548$36,752
10 years$73,908$66,805$60,318$54,407$49,033$29,521
11 years$66,505$59,472$53,103$47,350$42,170$23,898
12 years$60,339$53,379$47,127$41,533$36,544$19,464
13 years$55,126$48,239$42,105$36,667$31,867$15,929
14 years$50,662$43,848$37,832$32,549$27,934$13,087
15 years$46,797$40,056$34,157$29,028$24,596$10,785
16 years$43,418$36,751$30,968$25,991$21,738$8,911
17 years$40,439$33,846$28,180$23,353$19,274$7,377
18 years$37,795$31,275$25,725$21,046$17,138$6,118
19 years$35,431$28,986$23,550$19,017$15,275$5,081
20 years$33,307$26,935$21,613$17,223$13,644$4,224
21 years$31,388$25,089$19,879$15,631$12,210$3,516
22 years$29,645$23,419$18,322$14,212$10,944$2,928
23 years$28,056$21,904$16,917$12,943$9,824$2,440
24 years$26,602$20,522$15,645$11,805$8,830$2,035
25 years$25,266$19,259$14,491$10,781$7,946$1,697
26 years$24,035$18,101$13,440$9,858$7,157$1,417
27 years$22,897$17,035$12,480$9,023$6,453$1,183
28 years$21,842$16,052$11,602$8,267$5,823$987
29 years$20,862$15,143$10,796$7,581$5,258$825
30 years$19,949$14,301$10,056$6,958$4,751$689
31 years$19,096$13,519$9,375$6,390$4,295$576
32 years$18,298$12,792$8,747$5,872$3,885$481
33 years$17,550$12,114$8,167$5,400$3,516$402
34 years$16,848$11,481$7,631$4,969$3,183$336
35 years$16,187$10,890$7,135$4,574$2,883$281
36 years$15,565$10,336$6,674$4,213$2,612$235
37 years$14,977$9,817$6,247$3,881$2,368$196
38 years$14,422$9,330$5,850$3,577$2,147$164
39 years$13,896$8,872$5,481$3,299$1,947$137
40 years$13,398$8,441$5,137$3,042$1,766$115
41 years$12,926$8,035$4,817$2,807$1,602$96
42 years$12,477$7,652$4,519$2,591$1,454$80
43 years$12,050$7,291$4,240$2,391$1,319$67
44 years$11,644$6,950$3,980$2,208$1,197$56
45 years$11,257$6,627$3,737$2,039$1,087$47
46 years$10,888$6,322$3,510$1,884$987$39
47 years$10,535$6,033$3,298$1,740$896$33
48 years$10,198$5,759$3,099$1,608$814$27
49 years$9,876$5,500$2,913$1,486$739$23
50 years$9,568$5,254$2,738$1,374$671$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,800,000, adding $6,912 every year, while hoping to spend $29,958 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: 52/41/7 Blend
69$9,800,000$9,800,000$9,800,000$9,800,000
70$10,806,730$10,287,330$10,135,430$11,349,876
71$11,877,141$10,759,534$10,443,092$12,191,556
72$13,055,730$11,253,872$10,760,056$13,102,551
73$14,353,500$11,771,397$11,086,603$14,092,510
74$15,782,574$12,313,212$11,423,021$15,168,874
75$17,356,311$12,880,474$11,769,607$16,339,820
76$19,089,433$13,474,396$12,126,667$17,614,325
77$20,998,161$14,096,247$12,494,516$19,002,255
78$23,100,370$14,747,359$12,873,479$20,514,449
79$25,415,756$15,429,129$13,263,889$22,162,818
80$27,966,025$16,143,018$13,666,091$23,960,455
81$30,775,095$16,890,560$14,080,440$25,921,751
82$33,869,320$17,673,363$14,507,300$28,062,526
83$37,277,743$18,493,111$14,947,048$30,400,175
84$41,032,370$19,351,570$15,400,070$32,953,824
85$45,168,465$20,250,591$15,866,766$35,744,509
86$49,724,892$21,192,113$16,347,547$38,795,362
87$54,744,476$22,178,172$16,842,835$42,131,831
88$60,274,408$23,210,898$17,353,065$45,781,905
89$66,366,693$24,292,526$17,878,688$49,776,380
90$73,078,635$25,425,400$18,420,163$54,149,135
91$80,473,386$26,611,974$18,977,969$58,937,448
92$88,620,534$27,854,824$19,552,594$64,182,339
93$97,596,765$29,156,648$20,144,543$69,928,950
94$107,486,586$30,520,274$20,754,335$76,226,960
95$118,383,119$31,948,669$21,382,507$83,131,047
96$130,388,985$33,444,941$22,029,609$90,701,395
97$143,617,270$35,012,351$22,696,208$99,004,248
98$158,192,590$36,654,315$23,382,890$108,112,529
99$174,252,273$38,374,416$24,090,256$118,106,518
100$191,947,652$40,176,409$24,818,926$129,074,593