Can I retire at age 70 with 9,600,000?

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 $9,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$792,759$785,698$778,808$772,084$765,517$738,063
2 years$392,455$385,146$378,062$371,194$364,532$337,169
3 years$259,038$251,697$244,631$237,828$231,274$204,863
4 years$192,342$185,024$178,029$171,341$164,947$139,688
5 years$152,335$145,061$138,158$131,607$125,390$101,351
6 years$125,673$118,453$111,652$105,247$99,217$76,415
7 years$106,636$99,477$92,783$86,529$80,690$59,120
8 years$92,364$85,270$78,688$72,587$66,940$46,584
9 years$81,270$74,243$67,774$61,828$56,373$37,205
10 years$72,400$65,441$59,087$53,297$48,033$30,018
11 years$65,147$58,259$52,019$46,384$41,310$24,411
12 years$59,108$52,290$46,165$40,685$35,798$19,975
13 years$54,001$47,255$41,246$35,919$31,217$16,426
14 years$49,628$42,953$37,060$31,885$27,364$13,561
15 years$45,842$39,239$33,460$28,435$24,094$11,232
16 years$42,532$36,001$30,336$25,461$21,294$9,327
17 years$39,614$33,155$27,605$22,876$18,881$7,762
18 years$37,024$30,637$25,200$20,616$16,788$6,471
19 years$34,708$28,394$23,069$18,629$14,963$5,403
20 years$32,627$26,385$21,172$16,872$13,366$4,516
21 years$30,747$24,577$19,474$15,312$11,961$3,779
22 years$29,040$22,941$17,948$13,922$10,721$3,164
23 years$27,483$21,457$16,572$12,679$9,624$2,652
24 years$26,059$20,104$15,326$11,564$8,650$2,224
25 years$24,750$18,866$14,195$10,561$7,784$1,865
26 years$23,544$17,731$13,165$9,657$7,011$1,566
27 years$22,430$16,687$12,225$8,839$6,321$1,314
28 years$21,396$15,724$11,365$8,098$5,704$1,104
29 years$20,436$14,834$10,576$7,426$5,150$927
30 years$19,541$14,009$9,851$6,816$4,654$779
31 years$18,706$13,243$9,184$6,260$4,207$655
32 years$17,925$12,531$8,569$5,753$3,806$550
33 years$17,192$11,867$8,001$5,290$3,444$462
34 years$16,504$11,247$7,475$4,867$3,118$389
35 years$15,857$10,668$6,989$4,481$2,825$327
36 years$15,247$10,125$6,538$4,127$2,559$275
37 years$14,671$9,617$6,119$3,802$2,319$231
38 years$14,127$9,139$5,731$3,504$2,103$194
39 years$13,613$8,690$5,369$3,231$1,907$163
40 years$13,125$8,268$5,032$2,980$1,730$137
41 years$12,662$7,871$4,719$2,750$1,569$115
42 years$12,222$7,496$4,426$2,538$1,424$97
43 years$11,804$7,142$4,153$2,343$1,292$82
44 years$11,406$6,808$3,899$2,163$1,173$69
45 years$11,027$6,492$3,661$1,998$1,065$58
46 years$10,665$6,193$3,438$1,845$967$49
47 years$10,320$5,910$3,230$1,705$878$41
48 years$9,990$5,642$3,036$1,575$797$34
49 years$9,675$5,388$2,853$1,456$724$29
50 years$9,373$5,146$2,682$1,346$658$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $9,600,000, adding $2,291 every year, while hoping to spend $22,014 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: 54/18/28 Blend
69$9,600,000$9,600,000$9,600,000$9,600,000
70$10,581,563$10,072,763$9,923,963$11,070,439
71$11,637,460$10,542,906$10,232,993$11,878,871
72$12,800,320$11,035,348$10,551,638$12,756,112
73$14,081,031$11,551,158$10,880,196$13,710,767
74$15,491,590$12,091,458$11,218,976$14,750,276
75$17,045,216$12,657,423$11,568,295$15,882,818
76$18,756,476$13,250,285$11,928,482$17,117,391
77$20,641,423$13,871,336$12,299,873$18,463,888
78$22,717,747$14,521,930$12,682,816$19,933,193
79$25,004,938$15,203,486$13,077,672$21,537,277
80$27,524,477$15,917,492$13,484,810$23,289,310
81$30,300,035$16,665,510$13,904,611$25,203,783
82$33,357,692$17,449,174$14,337,470$27,296,640
83$36,726,193$18,270,200$14,783,792$29,585,426
84$40,437,211$19,130,386$15,243,995$32,089,451
85$44,525,649$20,031,616$15,718,511$34,829,965
86$49,029,968$20,975,868$16,207,783$37,830,358
87$53,992,552$21,965,214$16,712,272$41,116,376
88$59,460,109$23,001,826$17,232,449$44,716,360
89$65,484,106$24,087,981$17,768,803$48,661,510
90$72,121,261$25,226,069$18,321,834$52,986,173
91$79,434,076$26,418,593$18,892,062$57,728,165
92$87,491,427$27,668,178$19,480,021$62,929,124
93$96,369,212$28,977,579$20,086,261$68,634,895
94$106,151,071$30,349,680$20,711,351$74,895,960
95$116,929,175$31,787,508$21,355,875$81,767,907
96$128,805,092$33,294,237$22,020,438$89,311,953
97$141,890,750$34,873,194$22,705,661$97,595,512
98$156,309,493$36,527,866$23,412,187$106,692,829
99$172,197,243$38,261,914$24,140,677$116,685,669
100$189,703,785$40,079,171$24,891,814$127,664,090