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

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 $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%19.6%
1 years$825,791$818,435$811,258$804,254$797,414$766,684
2 years$408,807$401,194$393,815$386,660$379,721$349,128
3 years$269,831$262,184$254,824$247,737$240,911$211,416
4 years$200,356$192,733$185,447$178,481$171,819$143,649
5 years$158,683$151,105$143,914$137,090$130,614$103,841
6 years$130,909$123,389$116,304$109,632$103,351$77,991
7 years$111,079$103,622$96,649$90,135$84,052$60,098
8 years$96,213$88,823$81,966$75,612$69,729$47,159
9 years$84,656$77,336$70,598$64,404$58,722$37,502
10 years$75,417$68,168$61,549$55,517$50,034$30,124
11 years$67,862$60,686$54,186$48,317$43,031$24,386
12 years$61,571$54,469$48,089$42,380$37,290$19,861
13 years$56,251$49,224$42,964$37,415$32,517$16,254
14 years$51,696$44,743$38,604$33,213$28,505$13,354
15 years$47,752$40,874$34,854$29,620$25,098$11,005
16 years$44,304$37,501$31,600$26,522$22,181$9,093
17 years$41,265$34,537$28,755$23,830$19,668$7,528
18 years$38,566$31,914$26,250$21,475$17,487$6,243
19 years$36,155$29,577$24,030$19,405$15,587$5,185
20 years$33,987$27,484$22,054$17,575$13,923$4,311
21 years$32,028$25,601$20,285$15,950$12,459$3,587
22 years$30,250$23,897$18,696$14,502$11,168$2,988
23 years$28,629$22,351$17,262$13,208$10,025$2,490
24 years$27,145$20,941$15,965$12,046$9,011$2,076
25 years$25,782$19,652$14,787$11,001$8,108$1,732
26 years$24,525$18,470$13,714$10,059$7,304$1,446
27 years$23,364$17,382$12,734$9,207$6,585$1,207
28 years$22,288$16,379$11,838$8,436$5,942$1,008
29 years$21,288$15,452$11,017$7,736$5,365$842
30 years$20,356$14,593$10,262$7,099$4,848$703
31 years$19,486$13,795$9,567$6,520$4,383$587
32 years$18,672$13,053$8,926$5,992$3,965$491
33 years$17,909$12,361$8,334$5,510$3,588$410
34 years$17,192$11,716$7,787$5,070$3,248$343
35 years$16,518$11,112$7,280$4,667$2,942$286
36 years$15,882$10,547$6,810$4,298$2,666$239
37 years$15,283$10,017$6,374$3,960$2,416$200
38 years$14,716$9,520$5,969$3,650$2,190$167
39 years$14,180$9,053$5,593$3,366$1,986$140
40 years$13,672$8,613$5,242$3,105$1,802$117
41 years$13,189$8,199$4,915$2,864$1,635$98
42 years$12,731$7,808$4,611$2,643$1,483$82
43 years$12,296$7,439$4,327$2,440$1,346$68
44 years$11,881$7,091$4,061$2,253$1,222$57
45 years$11,486$6,762$3,813$2,081$1,109$48
46 years$11,110$6,451$3,582$1,922$1,007$40
47 years$10,750$6,156$3,365$1,776$914$33
48 years$10,406$5,877$3,162$1,641$830$28
49 years$10,078$5,612$2,972$1,516$754$23
50 years$9,763$5,361$2,794$1,402$685$20

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 $3,701 every year, while hoping to spend $30,101 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: 71/10/19 Blend
69$10,000,000$10,000,000$10,000,000$10,000,000
70$11,023,818$10,493,818$10,338,818$11,755,919
71$12,116,220$10,975,987$10,653,141$12,725,938
72$13,319,038$11,480,775$10,976,985$13,783,675
73$14,643,503$12,009,256$11,310,637$14,941,006
74$16,101,990$12,562,559$11,654,393$16,207,788
75$17,708,136$13,141,867$12,008,558$17,594,876
76$19,476,966$13,748,419$12,373,445$19,114,219
77$21,425,039$14,383,514$12,749,378$20,778,970
78$23,570,601$15,048,514$13,136,690$22,603,615
79$25,933,756$15,744,845$13,535,723$24,604,101
80$28,536,660$16,474,003$13,946,830$26,797,989
81$31,403,726$17,237,556$14,370,376$29,204,617
82$34,561,858$18,037,148$14,806,735$31,845,280
83$38,040,700$18,874,501$15,256,293$34,743,430
84$41,872,920$19,751,420$15,719,448$37,924,894
85$46,094,516$20,669,798$16,196,608$41,418,118
86$50,745,158$21,631,620$16,688,196$45,254,429
87$55,868,559$22,638,964$17,194,645$49,468,334
88$61,512,890$23,694,011$17,716,404$54,097,840
89$67,731,234$24,799,047$18,253,932$59,184,809
90$74,582,085$25,956,465$18,807,704$64,775,355
91$82,129,905$27,168,779$19,378,209$70,920,271
92$90,445,726$28,438,620$19,965,950$77,675,511
93$99,607,826$29,768,749$20,571,446$85,102,712
94$109,702,465$31,162,058$21,195,229$93,269,773
95$120,824,697$32,621,580$21,837,851$102,251,495
96$133,079,274$34,150,495$22,499,876$112,130,280
97$146,581,627$35,752,136$23,181,889$122,996,910
98$161,458,960$37,429,998$23,884,489$134,951,396
99$177,851,451$39,187,744$24,608,296$148,103,922
100$195,913,571$41,029,216$25,353,947$162,575,877