Can I retire at age 70 with 9,900,000?

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 $9,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$817,533$810,251$803,146$796,211$789,440$766,627
2 years$404,719$397,182$389,877$382,794$375,924$353,122
3 years$267,133$259,563$252,276$245,260$238,501$216,424
4 years$198,353$190,806$183,592$176,696$170,101$148,919
5 years$157,096$149,594$142,475$135,719$129,308$109,078
6 years$129,600$122,155$115,141$108,536$102,317$83,057
7 years$109,968$102,586$95,683$89,233$83,211$64,922
8 years$95,251$87,935$81,147$74,856$69,032$51,702
9 years$83,810$76,563$69,892$63,760$58,135$41,748
10 years$74,662$67,487$60,933$54,962$49,534$34,067
11 years$67,183$60,079$53,644$47,833$42,601$28,029
12 years$60,955$53,924$47,608$41,956$36,917$23,211
13 years$55,689$48,731$42,535$37,041$32,192$19,322
14 years$51,179$44,296$38,218$32,881$28,219$16,153
15 years$47,274$40,465$34,505$29,324$24,847$13,550
16 years$43,861$37,126$31,284$26,257$21,960$11,399
17 years$40,852$34,191$28,467$23,591$19,471$9,613
18 years$38,180$31,594$25,987$21,261$17,313$8,122
19 years$35,793$29,281$23,790$19,211$15,431$6,874
20 years$33,647$27,210$21,833$17,399$13,783$5,825
21 years$31,708$25,345$20,082$15,791$12,335$4,943
22 years$29,947$23,658$18,509$14,357$11,056$4,198
23 years$28,342$22,127$17,090$13,076$9,925$3,568
24 years$26,873$20,732$15,805$11,926$8,920$3,035
25 years$25,524$19,456$14,639$10,891$8,027$2,583
26 years$24,280$18,285$13,577$9,958$7,231$2,200
27 years$23,131$17,209$12,607$9,115$6,519$1,874
28 years$22,065$16,216$11,720$8,351$5,882$1,597
29 years$21,075$15,297$10,906$7,658$5,311$1,361
30 years$20,152$14,447$10,159$7,029$4,799$1,161
31 years$19,291$13,657$9,471$6,455$4,339$990
32 years$18,485$12,922$8,836$5,932$3,925$844
33 years$17,729$12,238$8,251$5,455$3,552$720
34 years$17,020$11,599$7,709$5,019$3,216$615
35 years$16,352$11,001$7,207$4,621$2,913$525
36 years$15,723$10,442$6,742$4,255$2,639$448
37 years$15,130$9,917$6,311$3,921$2,392$382
38 years$14,569$9,425$5,910$3,614$2,169$326
39 years$14,038$8,962$5,537$3,332$1,966$278
40 years$13,535$8,527$5,190$3,074$1,784$238
41 years$13,058$8,117$4,866$2,836$1,618$203
42 years$12,604$7,730$4,565$2,617$1,468$173
43 years$12,173$7,365$4,283$2,416$1,333$148
44 years$11,763$7,020$4,021$2,231$1,210$126
45 years$11,372$6,695$3,775$2,060$1,098$108
46 years$10,999$6,386$3,546$1,903$997$92
47 years$10,643$6,095$3,331$1,758$905$79
48 years$10,302$5,818$3,130$1,624$822$67
49 years$9,977$5,556$2,942$1,501$747$57
50 years$9,666$5,307$2,766$1,388$678$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,900,000, adding $2,281 every year, while hoping to spend $22,154 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: 38/35/27 Blend
69$9,900,000$9,900,000$9,900,000$9,900,000
70$10,912,153$10,387,453$10,234,003$11,238,921
71$12,001,621$10,872,866$10,553,270$11,964,140
72$13,201,472$11,381,323$10,882,491$12,745,185
73$14,522,942$11,913,927$11,221,974$13,588,890
74$15,978,412$12,471,840$11,572,040$14,500,956
75$17,581,525$13,056,275$11,933,018$15,487,633
76$19,347,315$13,668,507$12,305,249$16,555,780
77$21,292,348$14,309,871$12,689,082$17,712,922
78$23,434,881$14,981,767$13,084,879$18,967,319
79$25,795,029$15,685,665$13,493,013$20,328,038
80$28,394,961$16,423,101$13,913,868$21,805,035
81$31,259,104$17,195,690$14,347,840$23,409,241
82$34,414,377$18,005,124$14,795,337$25,152,664
83$37,890,444$18,853,175$15,256,781$27,048,496
84$41,719,993$19,741,704$15,732,607$29,111,227
85$45,939,044$20,672,659$16,223,261$31,356,784
86$50,587,292$21,648,085$16,729,206$33,802,668
87$55,708,479$22,670,125$17,250,917$36,468,116
88$61,350,808$23,741,024$17,788,887$39,374,275
89$67,567,396$24,863,140$18,343,620$42,544,396
90$74,416,778$26,038,942$18,915,640$46,004,042
91$81,963,459$27,271,020$19,505,483$49,781,328
92$90,278,521$28,562,089$20,113,706$53,907,170
93$99,440,295$29,914,996$20,740,880$58,415,577
94$109,535,101$31,332,727$21,387,595$63,343,956
95$120,658,062$32,818,411$22,054,460$68,733,459
96$132,914,002$34,375,331$22,742,102$74,629,364
97$146,418,435$36,006,927$23,451,167$81,081,487
98$161,298,658$37,716,809$24,182,324$88,144,646
99$177,694,947$39,508,759$24,936,258$95,879,164
100$195,761,889$41,386,746$25,713,680$104,351,430