Can I retire at age 70 with 7,800,000?

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 $7,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$644,117$638,379$632,782$627,318$621,983$618,842
2 years$318,870$312,931$307,176$301,595$296,182$293,012
3 years$210,468$204,504$198,763$193,235$187,910$184,809
4 years$156,278$150,332$144,648$139,215$134,019$131,011
5 years$123,772$117,862$112,253$106,930$101,879$98,973
6 years$102,109$96,243$90,717$85,513$80,614$77,813
7 years$86,641$80,825$75,386$70,305$65,560$62,867
8 years$75,046$69,282$63,934$58,977$54,389$51,803
9 years$66,032$60,322$55,066$50,235$45,803$43,324
10 years$58,825$53,171$48,008$43,303$39,027$36,653
11 years$52,932$47,335$42,265$37,687$33,564$31,294
12 years$48,025$42,486$37,509$33,057$29,086$26,918
13 years$43,876$38,395$33,512$29,184$25,364$23,296
14 years$40,323$34,900$30,111$25,906$22,234$20,263
15 years$37,246$31,881$27,186$23,104$19,576$17,701
16 years$34,557$29,251$24,648$20,687$17,301$15,519
17 years$32,186$26,939$22,429$18,587$15,341$13,648
18 years$30,082$24,893$20,475$16,751$13,640$12,035
19 years$28,201$23,070$18,744$15,136$12,158$10,637
20 years$26,510$21,438$17,202$13,708$10,860$9,420
21 years$24,982$19,969$15,822$12,441$9,718$8,357
22 years$23,595$18,640$14,583$11,312$8,711$7,425
23 years$22,330$17,434$13,465$10,302$7,819$6,606
24 years$21,173$16,334$12,453$9,396$7,028$5,884
25 years$20,110$15,329$11,534$8,581$6,324$5,246
26 years$19,130$14,407$10,697$7,846$5,697$4,682
27 years$18,224$13,558$9,933$7,182$5,136$4,182
28 years$17,384$12,776$9,234$6,580$4,634$3,738
29 years$16,604$12,053$8,593$6,034$4,185$3,344
30 years$15,877$11,382$8,004$5,538$3,781$2,992
31 years$15,199$10,760$7,462$5,086$3,419$2,679
32 years$14,564$10,181$6,962$4,674$3,092$2,400
33 years$13,969$9,642$6,501$4,298$2,799$2,151
34 years$13,410$9,138$6,074$3,955$2,534$1,928
35 years$12,884$8,667$5,678$3,640$2,295$1,729
36 years$12,388$8,227$5,312$3,353$2,079$1,551
37 years$11,921$7,813$4,972$3,089$1,885$1,392
38 years$11,479$7,426$4,656$2,847$1,709$1,249
39 years$11,060$7,061$4,362$2,625$1,549$1,121
40 years$10,664$6,718$4,089$2,422$1,405$1,007
41 years$10,288$6,395$3,834$2,234$1,275$904
42 years$9,931$6,090$3,596$2,062$1,157$812
43 years$9,591$5,803$3,375$1,903$1,050$729
44 years$9,268$5,531$3,168$1,757$953$655
45 years$8,959$5,275$2,974$1,623$865$589
46 years$8,666$5,032$2,794$1,499$786$529
47 years$8,385$4,802$2,625$1,385$713$475
48 years$8,117$4,584$2,466$1,280$648$427
49 years$7,861$4,377$2,318$1,183$588$384
50 years$7,616$4,182$2,179$1,093$534$345

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,800,000, adding $4,512 every year, while hoping to spend $20,929 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: 71/19/10 Blend
69$7,800,000$7,800,000$7,800,000$7,800,000
70$8,600,254$8,186,854$8,065,954$9,193,953
71$9,455,212$8,565,742$8,313,895$9,966,320
72$10,396,674$8,962,493$8,569,441$10,808,486
73$11,433,441$9,377,962$8,832,824$11,729,763
74$12,575,212$9,813,043$9,104,284$12,737,942
75$13,832,675$10,268,672$9,384,068$13,841,599
76$15,217,604$10,745,834$9,672,431$15,050,168
77$16,742,977$11,245,557$9,969,634$16,374,036
78$18,423,093$11,768,921$10,275,950$17,824,633
79$20,273,709$12,317,060$10,591,655$19,414,544
80$22,312,189$12,891,157$10,917,037$21,157,620
81$24,557,667$13,492,459$11,252,392$23,069,110
82$27,031,227$14,122,267$11,598,026$25,165,803
83$29,756,104$14,781,950$11,954,251$27,466,182
84$32,757,900$15,472,939$12,321,392$29,990,599
85$36,064,830$16,196,737$12,699,783$32,761,463
86$39,707,984$16,954,918$13,089,766$35,803,449
87$43,721,622$17,749,133$13,491,698$39,143,730
88$48,143,500$18,581,113$13,905,942$42,812,227
89$53,015,220$19,452,671$14,332,874$46,841,894
90$58,382,630$20,365,709$14,772,883$51,269,020
91$64,296,252$21,322,222$15,226,368$56,133,573
92$70,811,758$22,324,300$15,693,740$61,479,574
93$77,990,501$23,374,134$16,175,424$67,355,505
94$85,900,088$24,474,023$16,671,856$73,814,767
95$94,615,021$25,626,374$17,183,488$80,916,179
96$104,217,401$26,833,714$17,710,782$88,724,529
97$114,797,700$28,098,690$18,254,218$97,311,183
98$126,455,619$29,424,080$18,814,288$106,754,753
99$139,301,025$30,812,792$19,391,499$117,141,832
100$153,454,991$32,267,880$19,986,376$128,567,814