Can I retire at age 70 with 8,600,000?

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 $8,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$710,180$703,854$697,682$691,658$685,776$677,769
2 years$351,574$345,026$338,681$332,528$326,560$318,500
3 years$232,055$225,479$219,149$213,054$207,183$199,321
4 years$172,307$165,751$159,484$153,493$147,765$140,161
5 years$136,467$129,951$123,766$117,898$112,328$105,006
6 years$112,582$106,114$100,022$94,284$88,882$81,848
7 years$95,528$89,115$83,118$77,516$72,285$65,544
8 years$82,743$76,388$70,491$65,026$59,967$53,518
9 years$72,804$66,509$60,714$55,388$50,501$44,341
10 years$64,858$58,625$52,932$47,745$43,029$37,155
11 years$58,361$52,190$46,600$41,552$37,007$31,412
12 years$52,951$46,843$41,357$36,447$32,069$26,748
13 years$48,376$42,332$36,949$32,177$27,965$22,911
14 years$44,459$38,479$33,199$28,563$24,514$19,721
15 years$41,066$35,151$29,974$25,473$21,584$17,043
16 years$38,101$32,251$27,176$22,809$19,076$14,780
17 years$35,488$29,702$24,729$20,493$16,914$12,854
18 years$33,167$27,446$22,575$18,469$15,039$11,207
19 years$31,093$25,436$20,666$16,688$13,405$9,792
20 years$29,229$23,637$18,966$15,114$11,973$8,571
21 years$27,544$22,017$17,445$13,717$10,715$7,514
22 years$26,015$20,552$16,078$12,472$9,604$6,597
23 years$24,621$19,222$14,846$11,359$8,621$5,798
24 years$23,344$18,009$13,730$10,360$7,749$5,101
25 years$22,172$16,901$12,716$9,461$6,973$4,493
26 years$21,092$15,884$11,794$8,651$6,281$3,959
27 years$20,093$14,949$10,952$7,918$5,663$3,492
28 years$19,168$14,086$10,181$7,255$5,110$3,082
29 years$18,307$13,289$9,474$6,653$4,614$2,721
30 years$17,506$12,550$8,825$6,106$4,169$2,404
31 years$16,758$11,864$8,227$5,607$3,769$2,124
32 years$16,058$11,225$7,676$5,153$3,409$1,878
33 years$15,401$10,631$7,167$4,739$3,086$1,661
34 years$14,785$10,076$6,697$4,360$2,794$1,469
35 years$14,205$9,556$6,261$4,014$2,530$1,300
36 years$13,659$9,070$5,857$3,697$2,293$1,150
37 years$13,143$8,615$5,482$3,406$2,078$1,018
38 years$12,656$8,187$5,134$3,139$1,884$902
39 years$12,195$7,785$4,810$2,895$1,708$798
40 years$11,758$7,407$4,508$2,670$1,549$707
41 years$11,343$7,051$4,227$2,463$1,406$626
42 years$10,949$6,715$3,965$2,273$1,276$555
43 years$10,575$6,398$3,721$2,099$1,158$491
44 years$10,218$6,099$3,493$1,938$1,051$435
45 years$9,878$5,816$3,279$1,790$954$386
46 years$9,554$5,548$3,080$1,653$866$342
47 years$9,245$5,294$2,894$1,527$786$303
48 years$8,950$5,054$2,719$1,411$714$268
49 years$8,667$4,826$2,556$1,304$649$238
50 years$8,397$4,610$2,403$1,205$589$211

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,600,000, adding $5,462 every year, while hoping to spend $59,268 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: 43/36/21 Blend
69$8,600,000$8,600,000$8,600,000$8,600,000
70$9,482,834$9,027,034$8,893,734$9,832,370
71$10,387,022$9,406,298$9,128,613$10,459,739
72$11,381,452$9,802,160$9,369,375$11,132,842
73$12,475,264$10,215,369$9,616,153$11,860,901
74$13,678,531$10,646,713$9,869,084$12,649,013
75$15,002,351$11,097,012$10,128,309$13,502,780
76$16,458,953$11,567,127$10,393,969$14,428,351
77$18,061,808$12,057,958$10,666,209$15,432,482
78$19,825,761$12,570,447$10,945,176$16,522,595
79$21,767,170$13,105,580$11,231,020$17,706,846
80$23,904,057$13,664,389$11,523,895$18,994,198
81$26,256,280$14,247,954$11,823,955$20,394,503
82$28,845,721$14,857,404$12,131,358$21,918,592
83$31,696,491$15,493,924$12,446,265$23,578,370
84$34,835,158$16,158,750$12,768,840$25,386,932
85$38,290,996$16,853,181$13,099,248$27,358,674
86$42,096,263$17,578,572$13,437,658$29,509,431
87$46,286,504$18,336,344$13,784,241$31,856,622
88$50,900,887$19,127,985$14,139,173$34,419,404
89$55,982,572$19,955,050$14,502,630$37,218,858
90$61,579,117$20,819,170$14,874,790$40,278,173
91$67,742,928$21,722,051$15,255,837$43,622,866
92$74,531,755$22,665,480$15,645,956$47,281,019
93$82,009,232$23,651,327$16,045,334$51,283,531
94$90,245,482$24,681,550$16,454,161$55,664,413
95$99,317,776$25,758,200$16,872,629$60,461,097
96$109,311,262$26,883,425$17,300,935$65,714,784
97$120,319,770$28,059,472$17,739,276$71,470,829
98$132,446,697$29,288,697$18,187,853$77,779,161
99$145,805,981$30,573,564$18,646,867$84,694,745
100$160,523,179$31,916,657$19,116,525$92,278,099