Can I retire at age 70 with 9,300,000?

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 $9,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$767,985$761,144$754,470$747,956$741,595$717,282
2 years$380,191$373,110$366,248$359,594$353,141$328,878
3 years$250,943$243,832$236,987$230,396$224,047$200,596
4 years$186,331$179,242$172,466$165,987$159,792$137,332
5 years$147,575$140,528$133,840$127,494$121,471$100,063
6 years$121,745$114,752$108,163$101,958$96,116$75,776
7 years$103,303$96,368$89,884$83,825$78,168$58,894
8 years$89,478$82,605$76,229$70,319$64,848$46,627
9 years$78,730$71,923$65,656$59,896$54,611$37,421
10 years$70,137$63,396$57,240$51,631$46,532$30,345
11 years$63,111$56,438$50,393$44,934$40,019$24,806
12 years$57,261$50,656$44,723$39,414$34,679$20,407
13 years$52,314$45,778$39,957$34,796$30,241$16,873
14 years$48,077$41,611$35,901$30,888$26,509$14,008
15 years$44,409$38,012$32,414$27,547$23,341$11,668
16 years$41,203$34,876$29,388$24,665$20,629$9,746
17 years$38,376$32,119$26,742$22,162$18,291$8,158
18 years$35,867$29,680$24,412$19,972$16,263$6,842
19 years$33,624$27,507$22,348$18,046$14,496$5,747
20 years$31,608$25,561$20,510$16,344$12,948$4,833
21 years$29,786$23,809$18,865$14,834$11,587$4,069
22 years$28,132$22,225$17,387$13,487$10,386$3,429
23 years$26,625$20,786$16,054$12,283$9,323$2,892
24 years$25,245$19,475$14,847$11,203$8,380$2,440
25 years$23,977$18,277$13,752$10,231$7,541$2,060
26 years$22,809$17,177$12,754$9,355$6,792$1,740
27 years$21,729$16,166$11,843$8,563$6,124$1,471
28 years$20,728$15,233$11,010$7,845$5,526$1,243
29 years$19,797$14,370$10,245$7,194$4,990$1,051
30 years$18,931$13,571$9,543$6,603$4,508$889
31 years$18,122$12,829$8,897$6,064$4,076$752
32 years$17,365$12,139$8,301$5,573$3,687$636
33 years$16,655$11,496$7,751$5,125$3,337$538
34 years$15,988$10,896$7,242$4,715$3,021$455
35 years$15,361$10,334$6,771$4,341$2,736$385
36 years$14,771$9,809$6,334$3,998$2,479$326
37 years$14,213$9,316$5,928$3,683$2,247$276
38 years$13,686$8,854$5,551$3,395$2,037$234
39 years$13,187$8,419$5,201$3,130$1,847$198
40 years$12,715$8,010$4,875$2,887$1,676$167
41 years$12,266$7,625$4,571$2,664$1,520$142
42 years$11,840$7,261$4,288$2,458$1,379$120
43 years$11,435$6,919$4,024$2,269$1,252$102
44 years$11,050$6,595$3,777$2,095$1,136$86
45 years$10,682$6,289$3,546$1,935$1,032$73
46 years$10,332$5,999$3,331$1,788$937$62
47 years$9,998$5,725$3,129$1,651$850$52
48 years$9,678$5,466$2,941$1,526$772$44
49 years$9,372$5,219$2,764$1,410$701$37
50 years$9,080$4,986$2,599$1,304$637$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,300,000, adding $2,375 every year, while hoping to spend $48,835 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: 36/47/17 Blend
69$9,300,000$9,300,000$9,300,000$9,300,000
70$10,251,050$9,758,150$9,614,000$10,566,828
71$11,244,697$10,184,339$9,884,109$11,222,170
72$12,338,059$10,629,775$10,161,630$11,924,408
73$13,541,256$11,095,349$10,446,759$12,681,488
74$14,865,438$11,581,994$10,739,699$13,498,331
75$16,322,889$12,090,689$11,040,656$14,380,327
76$17,927,148$12,622,457$11,349,842$15,333,390
77$19,693,130$13,178,370$11,667,475$16,364,003
78$21,637,271$13,759,552$11,993,776$17,479,281
79$23,777,680$14,367,178$12,328,976$18,687,028
80$26,134,314$15,002,479$12,673,306$19,995,809
81$28,729,160$15,666,747$13,027,009$21,415,026
82$31,586,449$16,361,332$13,390,328$22,955,000
83$34,732,879$17,087,650$13,763,516$24,627,067
84$38,197,870$17,847,182$14,146,832$26,443,672
85$42,013,841$18,641,482$14,540,539$28,418,491
86$46,216,514$19,472,177$14,944,908$30,566,543
87$50,845,254$20,340,968$15,360,218$32,904,336
88$55,943,436$21,249,643$15,786,752$35,450,006
89$61,558,861$22,200,069$16,224,802$38,223,490
90$67,744,198$23,194,205$16,674,666$41,246,703
91$74,557,489$24,234,104$17,136,650$44,543,734
92$82,062,692$25,321,915$17,611,067$48,141,074
93$90,330,287$26,459,889$18,098,238$52,067,848
94$99,437,938$27,650,385$18,598,491$56,356,090
95$109,471,229$28,895,876$19,112,162$61,041,029
96$120,524,471$30,198,950$19,639,596$66,161,419
97$132,701,589$31,562,321$20,181,144$71,759,888
98$146,117,108$32,988,831$20,737,169$77,883,336
99$160,897,228$34,481,459$21,308,039$84,583,362
100$177,181,020$36,043,325$21,894,133$91,916,743