Can I retire at age 70 with 8,700,000?

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 $8,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$718,438$712,038$705,795$699,701$693,750$667,279
2 years$355,662$349,038$342,619$336,395$330,357$304,000
3 years$234,753$228,100$221,697$215,531$209,592$184,177
4 years$174,310$167,678$161,339$155,278$149,483$125,204
5 years$138,054$131,462$125,205$119,269$113,635$90,555
6 years$113,891$107,348$101,185$95,380$89,915$68,050
7 years$96,638$90,151$84,085$78,417$73,125$52,468
8 years$83,705$77,276$71,311$65,782$60,664$41,196
9 years$73,651$67,283$61,420$56,032$51,088$32,780
10 years$65,612$59,306$53,547$48,300$43,530$26,348
11 years$59,040$52,797$47,142$42,035$37,437$21,343
12 years$53,566$47,388$41,837$36,871$32,442$17,395
13 years$48,939$42,825$37,379$32,551$28,290$14,246
14 years$44,976$38,926$33,585$28,895$24,799$11,712
15 years$41,544$35,560$30,323$25,770$21,835$9,659
16 years$38,544$32,626$27,492$23,074$19,298$7,986
17 years$35,900$30,047$25,017$20,732$17,111$6,616
18 years$33,553$27,765$22,837$18,683$15,214$5,491
19 years$31,454$25,732$20,906$16,882$13,561$4,564
20 years$29,569$23,911$19,187$15,290$12,113$3,797
21 years$27,864$22,273$17,648$13,877$10,839$3,163
22 years$26,317$20,791$16,265$12,617$9,716$2,636
23 years$24,907$19,445$15,018$11,491$8,722$2,199
24 years$23,616$18,219$13,889$10,480$7,839$1,835
25 years$22,430$17,097$12,864$9,571$7,054$1,532
26 years$21,337$16,069$11,931$8,751$6,354$1,279
27 years$20,327$15,123$11,079$8,010$5,729$1,069
28 years$19,390$14,250$10,299$7,339$5,169$893
29 years$18,520$13,443$9,584$6,730$4,668$747
30 years$17,709$12,696$8,928$6,177$4,217$624
31 years$16,953$12,002$8,323$5,673$3,813$522
32 years$16,244$11,356$7,765$5,213$3,449$437
33 years$15,580$10,754$7,251$4,794$3,121$365
34 years$14,957$10,193$6,775$4,411$2,826$305
35 years$14,370$9,668$6,334$4,061$2,560$255
36 years$13,818$9,176$5,925$3,740$2,319$214
37 years$13,296$8,715$5,546$3,446$2,102$179
38 years$12,803$8,282$5,193$3,176$1,906$150
39 years$12,336$7,876$4,866$2,928$1,728$125
40 years$11,894$7,493$4,561$2,701$1,567$105
41 years$11,475$7,133$4,276$2,492$1,422$88
42 years$11,076$6,793$4,011$2,300$1,290$73
43 years$10,697$6,472$3,764$2,123$1,171$61
44 years$10,337$6,169$3,533$1,960$1,063$51
45 years$9,993$5,883$3,318$1,810$965$43
46 years$9,665$5,612$3,116$1,672$876$36
47 years$9,353$5,356$2,927$1,545$796$30
48 years$9,054$5,113$2,751$1,428$723$25
49 years$8,768$4,883$2,586$1,319$656$21
50 years$8,494$4,664$2,431$1,219$596$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $8,700,000, adding $2,891 every year, while hoping to spend $35,173 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: 47/31/22 Blend
69$8,700,000$8,700,000$8,700,000$8,700,000
70$9,590,382$9,129,282$8,994,432$9,980,848
71$10,531,177$9,539,193$9,258,322$10,664,271
72$11,566,755$9,968,011$9,529,873$11,401,911
73$12,706,745$10,416,625$9,809,305$12,201,863
74$13,961,760$10,885,966$10,096,844$13,069,976
75$15,343,493$11,377,012$10,392,721$14,012,679
76$16,864,828$11,890,784$10,697,176$15,037,031
77$18,539,962$12,428,355$11,010,454$16,150,790
78$20,384,541$12,990,847$11,332,806$17,362,481
79$22,415,802$13,579,436$11,664,493$18,681,474
80$24,652,740$14,195,355$12,005,780$20,118,070
81$27,116,288$14,839,895$12,356,942$21,683,591
82$29,829,510$15,514,411$12,718,260$23,390,490
83$32,817,823$16,220,320$13,090,024$25,252,456
84$36,109,233$16,959,108$13,472,533$27,284,546
85$39,734,602$17,732,332$13,866,090$29,503,323
86$43,727,940$18,541,625$14,271,013$31,927,002
87$48,126,721$19,388,695$14,687,623$34,575,622
88$52,972,241$20,275,336$15,116,253$37,471,232
89$58,310,008$21,203,425$15,557,245$40,638,089
90$64,190,166$22,174,930$16,010,950$44,102,886
91$70,667,975$23,191,914$16,477,729$47,894,997
92$77,804,329$24,256,538$16,957,953$52,046,748
93$85,666,329$25,371,068$17,452,004$56,593,718
94$94,327,922$26,537,877$17,960,273$61,575,068
95$103,870,591$27,759,454$18,483,163$67,033,902
96$114,384,131$29,038,407$19,021,089$73,017,670
97$125,967,493$30,377,469$19,574,475$79,578,610
98$138,729,716$31,779,505$20,143,760$86,774,229
99$152,790,964$33,247,516$20,729,392$94,667,841
100$168,283,649$34,784,652$21,331,833$103,329,158