Can I retire at age 70 with 9,400,000?

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 $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$776,243$769,329$762,583$755,999$749,569$744,845
2 years$384,279$377,122$370,186$363,461$356,938$352,173
3 years$253,641$246,453$239,535$232,873$226,456$221,797
4 years$188,335$181,169$174,320$167,772$161,510$156,994
5 years$149,162$142,039$135,279$128,865$122,778$118,417
6 years$123,055$115,985$109,326$103,054$97,150$92,950
7 years$104,414$97,404$90,850$84,727$79,009$74,972
8 years$90,440$83,494$77,048$71,075$65,545$61,672
9 years$79,577$72,696$66,362$60,540$55,199$51,488
10 years$70,892$64,078$57,856$52,186$47,032$43,482
11 years$63,790$57,045$50,935$45,418$40,449$37,057
12 years$57,876$51,201$45,204$39,837$35,052$31,815
13 years$52,876$46,270$40,386$35,170$30,566$27,481
14 years$48,594$42,058$36,287$31,220$26,794$23,857
15 years$44,887$38,421$32,763$27,843$23,592$20,799
16 years$41,646$35,251$29,704$24,930$20,850$18,198
17 years$38,789$32,465$27,030$22,400$18,487$15,971
18 years$36,252$29,999$24,675$20,187$16,438$14,054
19 years$33,985$27,802$22,588$18,240$14,652$12,395
20 years$31,948$25,835$20,730$16,520$13,087$10,953
21 years$30,106$24,065$19,068$14,993$11,712$9,695
22 years$28,435$22,463$17,574$13,632$10,498$8,595
23 years$26,911$21,010$16,227$12,415$9,423$7,630
24 years$25,516$19,685$15,007$11,323$8,470$6,780
25 years$24,235$18,473$13,899$10,341$7,622$6,032
26 years$23,054$17,362$12,891$9,455$6,865$5,371
27 years$21,962$16,339$11,970$8,655$6,190$4,786
28 years$20,951$15,397$11,128$7,930$5,585$4,268
29 years$20,010$14,525$10,356$7,272$5,043$3,808
30 years$19,134$13,717$9,646$6,674$4,557$3,400
31 years$18,317$12,967$8,993$6,129$4,120$3,036
32 years$17,551$12,270$8,390$5,633$3,727$2,713
33 years$16,834$11,620$7,834$5,180$3,373$2,426
34 years$16,160$11,013$7,320$4,766$3,054$2,169
35 years$15,527$10,445$6,843$4,387$2,766$1,940
36 years$14,929$9,914$6,402$4,041$2,506$1,736
37 years$14,366$9,416$5,992$3,723$2,271$1,554
38 years$13,833$8,949$5,611$3,431$2,059$1,391
39 years$13,329$8,509$5,257$3,164$1,867$1,245
40 years$12,851$8,096$4,927$2,918$1,694$1,115
41 years$12,398$7,707$4,620$2,692$1,536$999
42 years$11,968$7,340$4,334$2,485$1,394$895
43 years$11,558$6,993$4,067$2,294$1,265$802
44 years$11,169$6,666$3,818$2,118$1,149$718
45 years$10,797$6,357$3,585$1,956$1,043$644
46 years$10,443$6,064$3,367$1,807$947$577
47 years$10,105$5,787$3,163$1,669$860$517
48 years$9,782$5,524$2,972$1,542$781$463
49 years$9,473$5,275$2,794$1,425$709$415
50 years$9,178$5,039$2,627$1,318$644$372

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,400,000, adding $2,856 every year, while hoping to spend $35,099 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: 61/15/24 Blend
69$9,400,000$9,400,000$9,400,000$9,400,000
70$10,361,746$9,863,546$9,717,846$10,927,588
71$11,381,299$10,309,515$10,006,049$11,757,738
72$12,503,670$10,776,159$10,302,730$12,659,325
73$13,739,310$11,264,456$10,608,137$13,642,627
74$15,099,733$11,775,428$10,922,523$14,715,609
75$16,597,628$12,310,147$11,246,150$15,887,035
76$18,246,976$12,869,735$11,579,286$17,166,546
77$20,063,185$13,455,368$11,922,209$18,564,752
78$22,063,230$14,068,282$12,275,203$20,093,331
79$24,265,818$14,709,766$12,638,561$21,765,133
80$26,691,562$15,381,175$13,012,584$23,594,302
81$29,363,177$16,083,928$13,397,581$25,596,409
82$32,305,693$16,819,512$13,793,871$27,788,591
83$35,546,690$17,589,485$14,201,783$30,189,717
84$39,116,563$18,395,480$14,621,653$32,820,557
85$43,048,802$19,239,208$15,053,828$35,703,980
86$47,380,313$20,122,463$15,498,664$38,865,167
87$52,151,765$21,047,124$15,956,530$42,331,843
88$57,407,973$22,015,161$16,427,802$46,134,536
89$63,198,322$23,028,640$16,912,869$50,306,865
90$69,577,230$24,089,722$17,412,129$54,885,853
91$76,604,666$25,200,677$17,925,994$59,912,268
92$84,346,713$26,363,882$18,454,886$65,431,014
93$92,876,193$27,581,827$18,999,240$71,491,541
94$102,273,352$28,857,124$19,559,502$78,148,315
95$112,626,621$30,192,510$20,136,132$85,461,326
96$124,033,447$31,590,854$20,729,603$93,496,649
97$136,601,215$33,055,162$21,340,401$102,327,063
98$150,448,261$34,588,586$21,969,026$112,032,737
99$165,704,987$36,194,431$22,615,992$122,701,978
100$182,515,096$37,876,158$23,281,828$134,432,061