Can I retire at age 70 with 7,600,000?

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 $7,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$627,601$622,011$616,556$611,233$606,035$602,468
2 years$310,694$304,907$299,299$293,862$288,588$284,990
3 years$205,072$199,260$193,666$188,280$183,092$179,573
4 years$152,271$146,477$140,940$135,645$130,583$127,171
5 years$120,599$114,840$109,375$104,189$99,267$95,972
6 years$99,491$93,775$88,391$83,320$78,547$75,373
7 years$84,420$78,753$73,453$68,502$63,879$60,828
8 years$73,122$67,505$62,294$57,465$52,994$50,066
9 years$64,339$58,776$53,654$48,947$44,629$41,823
10 years$57,317$51,808$46,777$42,193$38,026$35,340
11 years$51,575$46,121$41,182$36,721$32,704$30,137
12 years$46,794$41,396$36,548$32,209$28,340$25,890
13 years$42,751$37,410$32,653$28,436$24,713$22,378
14 years$39,289$34,005$29,339$25,242$21,663$19,440
15 years$36,291$31,064$26,489$22,511$19,074$16,959
16 years$33,671$28,501$24,016$20,157$16,858$14,848
17 years$31,361$26,248$21,854$18,110$14,947$13,040
18 years$29,310$24,254$19,950$16,321$13,290$11,483
19 years$27,477$22,479$18,263$14,748$11,846$10,134
20 years$25,830$20,888$16,761$13,357$10,581$8,962
21 years$24,341$19,457$15,417$12,122$9,469$7,939
22 years$22,990$18,162$14,209$11,022$8,488$7,043
23 years$21,758$16,987$13,119$10,038$7,619$6,257
24 years$20,630$15,915$12,133$9,155$6,848$5,565
25 years$19,594$14,936$11,238$8,361$6,162$4,954
26 years$18,639$14,037$10,422$7,645$5,551$4,414
27 years$17,757$13,211$9,678$6,997$5,004$3,937
28 years$16,939$12,448$8,997$6,411$4,516$3,513
29 years$16,179$11,744$8,373$5,879$4,077$3,137
30 years$15,470$11,091$7,799$5,396$3,684$2,803
31 years$14,809$10,484$7,271$4,955$3,331$2,506
32 years$14,190$9,920$6,784$4,554$3,013$2,241
33 years$13,610$9,395$6,334$4,188$2,727$2,005
34 years$13,066$8,904$5,918$3,853$2,469$1,795
35 years$12,553$8,445$5,533$3,547$2,236$1,607
36 years$12,071$8,016$5,176$3,267$2,026$1,439
37 years$11,615$7,613$4,845$3,010$1,836$1,289
38 years$11,184$7,235$4,537$2,774$1,665$1,155
39 years$10,777$6,880$4,250$2,558$1,510$1,035
40 years$10,390$6,546$3,984$2,359$1,369$927
41 years$10,024$6,231$3,736$2,177$1,242$831
42 years$9,676$5,934$3,504$2,009$1,127$745
43 years$9,345$5,654$3,288$1,855$1,023$668
44 years$9,030$5,389$3,087$1,712$929$599
45 years$8,730$5,139$2,898$1,581$843$538
46 years$8,443$4,903$2,722$1,461$765$482
47 years$8,170$4,679$2,557$1,350$695$432
48 years$7,909$4,466$2,403$1,247$631$388
49 years$7,659$4,265$2,259$1,153$573$348
50 years$7,420$4,074$2,124$1,065$521$312

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,600,000, adding $6,587 every year, while hoping to spend $49,989 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: 32/40/28 Blend
69$7,600,000$7,600,000$7,600,000$7,600,000
70$8,381,994$7,979,194$7,861,394$8,578,408
71$9,183,770$8,316,987$8,071,563$9,067,399
72$10,065,651$8,669,656$8,287,097$9,588,840
73$11,035,756$9,037,878$8,508,124$10,149,511
74$12,103,029$9,422,360$8,734,772$10,752,899
75$13,277,325$9,823,842$8,967,173$11,402,831
76$14,569,503$10,243,101$9,205,464$12,103,499
77$15,991,526$10,680,947$9,449,781$12,859,502
78$17,556,577$11,138,229$9,700,265$13,675,887
79$19,279,182$11,615,836$9,957,058$14,558,189
80$21,175,346$12,114,699$10,220,306$15,512,487
81$23,262,703$12,635,792$10,490,158$16,545,449
82$25,560,686$13,180,133$10,766,766$17,664,401
83$28,090,707$13,748,790$11,050,284$18,877,386
84$30,876,359$14,342,881$11,340,868$20,193,238
85$33,943,641$14,963,575$11,638,680$21,621,662
86$37,321,198$15,612,096$11,943,882$23,173,322
87$41,040,599$16,289,727$12,256,640$24,859,936
88$45,136,626$16,997,810$12,577,124$26,694,382
89$49,647,610$17,737,751$12,905,506$28,690,817
90$54,615,786$18,511,021$13,241,960$30,864,802
91$60,087,696$19,319,161$13,586,665$33,233,449
92$66,114,626$20,163,784$13,939,803$35,815,572
93$72,753,088$21,046,580$14,301,557$38,631,863
94$80,065,360$21,969,319$14,672,116$41,705,080
95$88,120,063$22,933,852$15,051,669$45,060,255
96$96,992,820$23,942,121$15,440,410$48,724,924
97$106,766,960$24,996,157$15,838,536$52,729,384
98$117,534,310$26,098,089$16,246,246$57,106,968
99$129,396,058$27,250,144$16,663,745$61,894,351
100$142,463,712$28,454,657$17,091,236$67,131,896