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%11%
1 years$825,791$818,435$811,258$804,254$797,414$794,054
2 years$408,807$401,194$393,815$386,660$379,721$376,329
3 years$269,831$262,184$254,824$247,737$240,911$237,591
4 years$200,356$192,733$185,447$178,481$171,819$168,599
5 years$158,683$151,105$143,914$137,090$130,614$127,501
6 years$130,909$123,389$116,304$109,632$103,351$100,350
7 years$111,079$103,622$96,649$90,135$84,052$81,164
8 years$96,213$88,823$81,966$75,612$69,729$66,955
9 years$84,656$77,336$70,598$64,404$58,722$56,062
10 years$75,417$68,168$61,549$55,517$50,034$47,486
11 years$67,862$60,686$54,186$48,317$43,031$40,593
12 years$61,571$54,469$48,089$42,380$37,290$34,960
13 years$56,251$49,224$42,964$37,415$32,517$30,294
14 years$51,696$44,743$38,604$33,213$28,505$26,385
15 years$47,752$40,874$34,854$29,620$25,098$23,079
16 years$44,304$37,501$31,600$26,522$22,181$20,262
17 years$41,265$34,537$28,755$23,830$19,668$17,844
18 years$38,566$31,914$26,250$21,475$17,487$15,756
19 years$36,155$29,577$24,030$19,405$15,587$13,946
20 years$33,987$27,484$22,054$17,575$13,923$12,368
21 years$32,028$25,601$20,285$15,950$12,459$10,988
22 years$30,250$23,897$18,696$14,502$11,168$9,777
23 years$28,629$22,351$17,262$13,208$10,025$8,712
24 years$27,145$20,941$15,965$12,046$9,011$7,772
25 years$25,782$19,652$14,787$11,001$8,108$6,940
26 years$24,525$18,470$13,714$10,059$7,304$6,204
27 years$23,364$17,382$12,734$9,207$6,585$5,550
28 years$22,288$16,379$11,838$8,436$5,942$4,969
29 years$21,288$15,452$11,017$7,736$5,365$4,451
30 years$20,356$14,593$10,262$7,099$4,848$3,990
31 years$19,486$13,795$9,567$6,520$4,383$3,578
32 years$18,672$13,053$8,926$5,992$3,965$3,211
33 years$17,909$12,361$8,334$5,510$3,588$2,882
34 years$17,192$11,716$7,787$5,070$3,248$2,588
35 years$16,518$11,112$7,280$4,667$2,942$2,325
36 years$15,882$10,547$6,810$4,298$2,666$2,089
37 years$15,283$10,017$6,374$3,960$2,416$1,877
38 years$14,716$9,520$5,969$3,650$2,190$1,688
39 years$14,180$9,053$5,593$3,366$1,986$1,517
40 years$13,672$8,613$5,242$3,105$1,802$1,365
41 years$13,189$8,199$4,915$2,864$1,635$1,228
42 years$12,731$7,808$4,611$2,643$1,483$1,104
43 years$12,296$7,439$4,327$2,440$1,346$994
44 years$11,881$7,091$4,061$2,253$1,222$894
45 years$11,486$6,762$3,813$2,081$1,109$805
46 years$11,110$6,451$3,582$1,922$1,007$724
47 years$10,750$6,156$3,365$1,776$914$652
48 years$10,406$5,877$3,162$1,641$830$587
49 years$10,078$5,612$2,972$1,516$754$528
50 years$9,763$5,361$2,794$1,402$685$476

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 $3,283 every year, while hoping to spend $50,282 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: 76/12/12 Blend
69$10,000,000$10,000,000$10,000,000$10,000,000
70$11,023,386$10,493,386$10,338,386$11,835,085
71$12,094,272$10,954,063$10,631,223$12,831,253
72$13,272,703$11,435,627$10,932,184$13,916,305
73$14,569,596$11,939,049$11,241,489$15,104,361
74$15,996,978$12,465,346$11,559,362$16,405,652
75$17,568,104$13,015,583$11,886,035$17,831,441
76$19,297,577$13,590,872$12,221,744$19,394,128
77$21,201,488$14,192,384$12,566,730$21,107,367
78$23,297,568$14,821,339$12,921,244$22,986,193
79$25,605,355$15,479,019$13,285,541$25,047,162
80$28,146,376$16,166,766$13,659,881$27,308,506
81$30,944,353$16,885,984$14,044,534$29,790,303
82$34,025,426$17,638,147$14,439,775$32,514,664
83$37,418,398$18,424,794$14,845,886$35,505,942
84$41,155,008$19,247,543$15,263,156$38,790,959
85$45,270,230$20,108,084$15,691,884$42,399,256
86$49,802,604$21,008,189$16,132,371$46,363,372
87$54,794,596$21,949,717$16,584,932$50,719,145
88$60,293,003$22,934,612$17,049,886$55,506,055
89$66,349,392$23,964,911$17,527,560$60,767,587
90$73,020,588$25,042,749$18,018,291$66,551,644
91$80,369,208$26,170,364$18,522,424$72,910,992
92$88,464,254$27,350,098$19,040,312$79,903,762
93$97,381,761$28,584,407$19,572,316$87,593,990
94$107,205,521$29,875,863$20,118,809$96,052,221
95$118,027,865$31,227,161$20,680,170$105,356,172
96$129,950,541$32,641,125$21,256,789$115,591,464
97$143,085,670$34,120,714$21,849,065$126,852,422
98$157,556,807$35,669,029$22,457,408$139,242,968
99$173,500,108$37,289,317$23,082,237$152,877,594
100$191,065,609$38,984,984$23,723,982$167,882,443