Can I retire at age 70 with 10,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $10,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$825,791$818,435$811,258$804,254$797,414$767,900
2 years$408,807$401,194$393,815$386,660$379,721$350,319
3 years$269,831$262,184$254,824$247,737$240,911$212,546
4 years$200,356$192,733$185,447$178,481$171,819$144,708
5 years$158,683$151,105$143,914$137,090$130,614$104,827
6 years$130,909$123,389$116,304$109,632$103,351$78,906
7 years$111,079$103,622$96,649$90,135$84,052$60,943
8 years$96,213$88,823$81,966$75,612$69,729$47,935
9 years$84,656$77,336$70,598$64,404$58,722$38,213
10 years$75,417$68,168$61,549$55,517$50,034$30,773
11 years$67,862$60,686$54,186$48,317$43,031$24,977
12 years$61,571$54,469$48,089$42,380$37,290$20,397
13 years$56,251$49,224$42,964$37,415$32,517$16,738
14 years$51,696$44,743$38,604$33,213$28,505$13,790
15 years$47,752$40,874$34,854$29,620$25,098$11,397
16 years$44,304$37,501$31,600$26,522$22,181$9,444
17 years$41,265$34,537$28,755$23,830$19,668$7,842
18 years$38,566$31,914$26,250$21,475$17,487$6,523
19 years$36,155$29,577$24,030$19,405$15,587$5,433
20 years$33,987$27,484$22,054$17,575$13,923$4,531
21 years$32,028$25,601$20,285$15,950$12,459$3,783
22 years$30,250$23,897$18,696$14,502$11,168$3,160
23 years$28,629$22,351$17,262$13,208$10,025$2,642
24 years$27,145$20,941$15,965$12,046$9,011$2,210
25 years$25,782$19,652$14,787$11,001$8,108$1,850
26 years$24,525$18,470$13,714$10,059$7,304$1,549
27 years$23,364$17,382$12,734$9,207$6,585$1,297
28 years$22,288$16,379$11,838$8,436$5,942$1,087
29 years$21,288$15,452$11,017$7,736$5,365$910
30 years$20,356$14,593$10,262$7,099$4,848$763
31 years$19,486$13,795$9,567$6,520$4,383$640
32 years$18,672$13,053$8,926$5,992$3,965$536
33 years$17,909$12,361$8,334$5,510$3,588$450
34 years$17,192$11,716$7,787$5,070$3,248$377
35 years$16,518$11,112$7,280$4,667$2,942$316
36 years$15,882$10,547$6,810$4,298$2,666$265
37 years$15,283$10,017$6,374$3,960$2,416$222
38 years$14,716$9,520$5,969$3,650$2,190$186
39 years$14,180$9,053$5,593$3,366$1,986$156
40 years$13,672$8,613$5,242$3,105$1,802$131
41 years$13,189$8,199$4,915$2,864$1,635$110
42 years$12,731$7,808$4,611$2,643$1,483$92
43 years$12,296$7,439$4,327$2,440$1,346$77
44 years$11,881$7,091$4,061$2,253$1,222$65
45 years$11,486$6,762$3,813$2,081$1,109$54
46 years$11,110$6,451$3,582$1,922$1,007$46
47 years$10,750$6,156$3,365$1,776$914$38
48 years$10,406$5,877$3,162$1,641$830$32
49 years$10,078$5,612$2,972$1,516$754$27
50 years$9,763$5,361$2,794$1,402$685$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,000,000, adding $5,243 every year, while hoping to spend $26,050 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: 57/25/18 Blend
69$10,000,000$10,000,000$10,000,000$10,000,000
70$11,025,408$10,495,408$10,340,408$11,601,134
71$12,122,283$10,981,966$10,659,095$12,479,541
72$13,330,166$11,491,492$10,987,584$13,433,059
73$14,660,352$12,025,085$11,326,178$14,471,594
74$16,125,288$12,583,894$11,675,185$15,603,324
75$17,738,690$13,169,127$12,034,926$16,837,239
76$19,515,670$13,782,048$12,405,730$18,183,226
77$21,472,882$14,423,983$12,787,936$19,652,157
78$23,628,679$15,096,321$13,181,894$21,255,988
79$26,003,282$15,800,518$13,587,966$23,007,871
80$28,618,975$16,538,102$14,006,521$24,922,274
81$31,500,315$17,310,674$14,437,944$27,015,112
82$34,674,362$18,119,911$14,882,630$29,303,895
83$38,170,933$18,967,573$15,340,984$31,807,892
84$42,022,887$19,855,503$15,813,426$34,548,304
85$46,266,434$20,785,636$16,300,388$37,548,462
86$50,941,475$21,759,997$16,802,316$40,834,045
87$56,091,980$22,780,711$17,319,668$44,433,315
88$61,766,403$23,850,006$17,852,918$48,377,379
89$68,018,137$24,970,218$18,402,552$52,700,481
90$74,906,023$26,143,794$18,969,073$57,440,314
91$82,494,899$27,373,302$19,552,998$62,638,377
92$90,856,216$28,661,432$20,154,862$68,340,356
93$100,068,714$30,011,005$20,775,213$74,596,552
94$110,219,159$31,424,981$21,414,619$81,462,348
95$121,403,168$32,906,459$22,073,664$88,998,727
96$133,726,107$34,458,692$22,752,948$97,272,839
97$147,304,091$36,085,089$23,453,092$106,358,629
98$162,265,074$37,789,224$24,174,736$116,337,527
99$178,750,059$39,574,844$24,918,538$127,299,208
100$196,914,433$41,445,879$25,685,177$139,342,434