Can I retire at age 70 with 7,900,000?

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 $7,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$652,375$646,564$640,894$635,360$629,957$605,441
2 years$322,958$316,943$311,114$305,462$299,980$275,576
3 years$213,166$207,126$201,311$195,712$190,319$166,797
4 years$158,282$152,259$146,503$141,000$135,737$113,275
5 years$125,359$119,373$113,692$108,301$103,185$81,840
6 years$103,418$97,477$91,880$86,609$81,647$61,434
7 years$87,752$81,861$76,353$71,206$66,401$47,312
8 years$76,008$70,170$64,753$59,733$55,086$37,104
9 years$66,878$61,096$55,772$50,879$46,390$29,487
10 years$59,579$53,853$48,623$43,859$39,527$23,671
11 years$53,611$47,942$42,807$38,170$33,994$19,150
12 years$48,641$43,030$37,990$33,480$29,459$15,586
13 years$44,439$38,887$33,942$29,558$25,689$12,747
14 years$40,840$35,347$30,497$26,238$22,519$10,465
15 years$37,724$32,290$27,535$23,400$19,827$8,618
16 years$35,000$29,626$24,964$20,952$17,523$7,115
17 years$32,599$27,284$22,716$18,825$15,537$5,887
18 years$30,467$25,212$20,737$16,965$13,815$4,878
19 years$28,562$23,366$18,984$15,330$12,314$4,048
20 years$26,850$21,713$17,422$13,884$10,999$3,363
21 years$25,302$20,225$16,025$12,601$9,843$2,797
22 years$23,897$18,879$14,770$11,457$8,823$2,327
23 years$22,617$17,657$13,637$10,434$7,920$1,938
24 years$21,444$16,544$12,612$9,516$7,118$1,615
25 years$20,367$15,525$11,681$8,691$6,405$1,346
26 years$19,375$14,591$10,834$7,947$5,770$1,122
27 years$18,458$13,732$10,060$7,274$5,202$936
28 years$17,607$12,940$9,352$6,664$4,694$781
29 years$16,817$12,207$8,703$6,111$4,238$652
30 years$16,081$11,528$8,107$5,609$3,830$544
31 years$15,394$10,898$7,558$5,151$3,462$454
32 years$14,751$10,312$7,051$4,734$3,132$379
33 years$14,148$9,765$6,584$4,353$2,834$317
34 years$13,582$9,255$6,152$4,005$2,566$264
35 years$13,049$8,779$5,751$3,687$2,324$221
36 years$12,547$8,332$5,380$3,396$2,106$184
37 years$12,073$7,914$5,036$3,129$1,909$154
38 years$11,626$7,521$4,716$2,884$1,730$129
39 years$11,202$7,152$4,418$2,659$1,569$107
40 years$10,801$6,804$4,141$2,453$1,423$90
41 years$10,420$6,477$3,883$2,263$1,291$75
42 years$10,058$6,168$3,642$2,088$1,172$63
43 years$9,714$5,877$3,418$1,928$1,063$52
44 years$9,386$5,602$3,208$1,780$965$44
45 years$9,074$5,342$3,013$1,644$876$37
46 years$8,777$5,096$2,829$1,518$796$31
47 years$8,493$4,863$2,658$1,403$722$25
48 years$8,221$4,643$2,498$1,296$656$21
49 years$7,962$4,434$2,348$1,198$596$18
50 years$7,713$4,235$2,207$1,107$541$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $7,900,000, adding $3,603 every year, while hoping to spend $33,775 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: 61/19/20 Blend
69$7,900,000$7,900,000$7,900,000$7,900,000
70$8,709,516$8,290,816$8,168,366$9,195,264
71$9,561,951$8,661,130$8,406,070$9,894,331
72$10,500,201$9,048,457$8,650,605$10,652,873
73$11,532,986$9,453,596$8,902,165$11,479,969
74$12,669,910$9,877,381$9,160,947$12,382,281
75$13,921,558$10,320,690$9,427,156$13,367,142
76$15,299,593$10,784,440$9,701,001$14,442,619
77$16,816,865$11,269,591$9,982,699$15,617,585
78$18,487,536$11,777,151$10,272,469$16,901,808
79$20,327,208$12,308,176$10,570,541$18,306,032
80$22,353,077$12,863,769$10,877,147$19,842,086
81$24,584,087$13,445,091$11,192,528$21,522,985
82$27,041,117$14,053,353$11,516,931$23,363,057
83$29,747,172$14,689,828$11,850,609$25,378,073
84$32,727,601$15,355,848$12,193,822$27,585,393
85$36,010,341$16,052,809$12,546,840$30,004,129
86$39,626,173$16,782,173$12,909,936$32,655,321
87$43,609,016$17,545,474$13,283,393$35,562,136
88$47,996,251$18,344,317$13,667,501$38,750,081
89$52,829,066$19,180,386$14,062,560$42,247,242
90$58,152,849$20,055,444$14,468,874$46,084,543
91$64,017,618$20,971,339$14,886,760$50,296,041
92$70,478,488$21,930,007$15,316,539$54,919,240
93$77,596,196$22,933,480$15,758,546$59,995,440
94$85,437,671$23,983,883$16,213,119$65,570,128
95$94,076,665$25,083,445$16,680,611$71,693,398
96$103,594,455$26,234,504$17,161,381$78,420,425
97$114,080,601$27,439,506$17,655,799$85,811,980
98$125,633,798$28,701,018$18,164,244$93,934,996
99$138,362,806$30,021,729$18,687,107$102,863,201
100$152,387,476$31,404,456$19,224,789$112,677,806