Can I retire at age 70 with 7,700,000?

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 $7,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$635,859$630,195$624,669$619,275$614,009$598,195
2 years$314,782$308,919$303,237$297,729$292,385$276,558
3 years$207,770$201,882$196,215$190,758$185,501$170,156
4 years$154,274$148,405$142,794$137,430$132,301$117,556
5 years$122,186$116,351$110,814$105,559$100,573$86,469
6 years$100,800$95,009$89,554$84,417$79,580$66,130
7 years$85,531$79,789$74,420$69,404$64,720$51,926
8 years$74,084$68,394$63,114$58,221$53,691$41,547
9 years$65,185$59,549$54,360$49,591$45,216$33,711
10 years$58,071$52,490$47,392$42,748$38,526$27,647
11 years$52,254$46,728$41,723$37,204$33,134$22,863
12 years$47,409$41,941$37,029$32,633$28,713$19,033
13 years$43,314$37,902$33,083$28,810$25,038$15,930
14 years$39,806$34,452$29,725$25,574$21,948$13,391
15 years$36,769$31,473$26,838$22,808$19,325$11,296
16 years$34,114$28,876$24,332$20,422$17,080$9,558
17 years$31,774$26,593$22,141$18,349$15,144$8,107
18 years$29,696$24,573$20,212$16,536$13,465$6,890
19 years$27,839$22,774$18,503$14,942$12,002$5,867
20 years$26,170$21,163$16,981$13,533$10,720$5,002
21 years$24,662$19,713$15,620$12,282$9,594$4,270
22 years$23,292$18,401$14,396$11,167$8,599$3,650
23 years$22,044$17,210$13,292$10,170$7,719$3,122
24 years$20,901$16,125$12,293$9,275$6,938$2,672
25 years$19,852$15,132$11,386$8,471$6,243$2,289
26 years$18,885$14,222$10,560$7,745$5,624$1,962
27 years$17,990$13,384$9,806$7,090$5,070$1,682
28 years$17,162$12,612$9,116$6,496$4,575$1,443
29 years$16,391$11,898$8,483$5,957$4,131$1,238
30 years$15,674$11,236$7,901$5,467$3,733$1,063
31 years$15,004$10,622$7,366$5,021$3,375$912
32 years$14,377$10,051$6,873$4,614$3,053$783
33 years$13,790$9,518$6,417$4,243$2,763$673
34 years$13,238$9,021$5,996$3,904$2,501$578
35 years$12,719$8,556$5,606$3,594$2,266$497
36 years$12,229$8,121$5,244$3,310$2,053$427
37 years$11,768$7,713$4,908$3,050$1,860$367
38 years$11,331$7,330$4,596$2,811$1,687$315
39 years$10,918$6,970$4,306$2,592$1,529$271
40 years$10,527$6,632$4,036$2,391$1,387$233
41 years$10,156$6,313$3,785$2,206$1,259$200
42 years$9,803$6,012$3,550$2,035$1,142$172
43 years$9,468$5,728$3,331$1,879$1,036$148
44 years$9,149$5,460$3,127$1,735$941$127
45 years$8,845$5,207$2,936$1,602$854$109
46 years$8,554$4,967$2,758$1,480$775$94
47 years$8,278$4,740$2,591$1,367$704$81
48 years$8,013$4,525$2,435$1,263$639$69
49 years$7,760$4,321$2,289$1,168$581$60
50 years$7,518$4,128$2,152$1,079$528$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,700,000, adding $3,814 every year, while hoping to spend $38,456 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: 63/15/22 Blend
69$7,700,000$7,700,000$7,700,000$7,700,000
70$8,489,334$8,081,234$7,961,884$8,975,370
71$9,314,329$8,436,298$8,187,690$9,658,885
72$10,222,185$8,807,471$8,419,772$10,400,447
73$11,221,313$9,195,501$8,658,299$11,209,497
74$12,320,980$9,601,174$8,903,446$12,092,632
75$13,531,399$10,025,311$9,155,390$13,057,111
76$14,863,821$10,468,771$9,414,315$14,110,924
77$16,330,646$10,932,455$9,680,410$15,262,863
78$17,945,534$11,417,307$9,953,865$16,522,605
79$19,723,539$11,924,316$10,234,881$17,900,802
80$21,681,249$12,454,517$10,523,658$19,409,178
81$23,836,941$13,008,993$10,820,406$21,060,642
82$26,210,757$13,588,881$11,125,337$22,869,404
83$28,824,889$14,195,371$11,438,670$24,851,108
84$31,703,792$14,829,709$11,760,630$27,022,980
85$34,874,414$15,493,200$12,091,447$29,403,987
86$38,366,450$16,187,213$12,431,356$32,015,013
87$42,212,622$16,913,180$12,780,601$34,879,057
88$46,448,986$17,672,603$13,139,427$38,021,444
89$51,115,276$18,467,053$13,508,091$41,470,064
90$56,255,274$19,298,179$13,886,853$45,255,634
91$61,917,229$20,167,707$14,275,979$49,411,983
92$68,154,307$21,077,445$14,675,745$53,976,368
93$75,025,095$22,029,288$15,086,431$58,989,826
94$82,594,153$23,025,222$15,508,325$64,497,558
95$90,932,625$24,067,326$15,941,722$70,549,350
96$100,118,907$25,157,780$16,386,924$77,200,041
97$110,239,392$26,298,867$16,844,242$84,510,041
98$121,389,280$27,492,981$17,313,994$92,545,891
99$133,673,478$28,742,629$17,796,505$101,380,894
100$147,207,593$30,050,438$18,292,108$111,095,800