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%12%
1 years$825,791$818,435$811,258$804,254$797,414$790,733
2 years$408,807$401,194$393,815$386,660$379,721$372,987
3 years$269,831$262,184$254,824$247,737$240,911$234,333
4 years$200,356$192,733$185,447$178,481$171,819$165,449
5 years$158,683$151,105$143,914$137,090$130,614$124,469
6 years$130,909$123,389$116,304$109,632$103,351$97,439
7 years$111,079$103,622$96,649$90,135$84,052$78,376
8 years$96,213$88,823$81,966$75,612$69,729$64,289
9 years$84,656$77,336$70,598$64,404$58,722$53,516
10 years$75,417$68,168$61,549$55,517$50,034$45,059
11 years$67,862$60,686$54,186$48,317$43,031$38,284
12 years$61,571$54,469$48,089$42,380$37,290$32,765
13 years$56,251$49,224$42,964$37,415$32,517$28,211
14 years$51,696$44,743$38,604$33,213$28,505$24,411
15 years$47,752$40,874$34,854$29,620$25,098$21,211
16 years$44,304$37,501$31,600$26,522$22,181$18,495
17 years$41,265$34,537$28,755$23,830$19,668$16,176
18 years$38,566$31,914$26,250$21,475$17,487$14,184
19 years$36,155$29,577$24,030$19,405$15,587$12,464
20 years$33,987$27,484$22,054$17,575$13,923$10,974
21 years$32,028$25,601$20,285$15,950$12,459$9,679
22 years$30,250$23,897$18,696$14,502$11,168$8,548
23 years$28,629$22,351$17,262$13,208$10,025$7,559
24 years$27,145$20,941$15,965$12,046$9,011$6,692
25 years$25,782$19,652$14,787$11,001$8,108$5,930
26 years$24,525$18,470$13,714$10,059$7,304$5,260
27 years$23,364$17,382$12,734$9,207$6,585$4,669
28 years$22,288$16,379$11,838$8,436$5,942$4,146
29 years$21,288$15,452$11,017$7,736$5,365$3,685
30 years$20,356$14,593$10,262$7,099$4,848$3,277
31 years$19,486$13,795$9,567$6,520$4,383$2,915
32 years$18,672$13,053$8,926$5,992$3,965$2,594
33 years$17,909$12,361$8,334$5,510$3,588$2,309
34 years$17,192$11,716$7,787$5,070$3,248$2,056
35 years$16,518$11,112$7,280$4,667$2,942$1,832
36 years$15,882$10,547$6,810$4,298$2,666$1,632
37 years$15,283$10,017$6,374$3,960$2,416$1,455
38 years$14,716$9,520$5,969$3,650$2,190$1,297
39 years$14,180$9,053$5,593$3,366$1,986$1,156
40 years$13,672$8,613$5,242$3,105$1,802$1,031
41 years$13,189$8,199$4,915$2,864$1,635$919
42 years$12,731$7,808$4,611$2,643$1,483$820
43 years$12,296$7,439$4,327$2,440$1,346$731
44 years$11,881$7,091$4,061$2,253$1,222$653
45 years$11,486$6,762$3,813$2,081$1,109$582
46 years$11,110$6,451$3,582$1,922$1,007$519
47 years$10,750$6,156$3,365$1,776$914$464
48 years$10,406$5,877$3,162$1,641$830$414
49 years$10,078$5,612$2,972$1,516$754$369
50 years$9,763$5,361$2,794$1,402$685$329

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 $4,975 every year, while hoping to spend $24,281 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: 43/32/25 Blend
69$10,000,000$10,000,000$10,000,000$10,000,000
70$11,025,132$10,495,132$10,340,132$11,418,658
71$12,123,860$10,983,558$10,660,691$12,188,184
72$13,333,846$11,495,104$10,991,176$13,018,708
73$14,666,410$12,030,876$11,331,892$13,918,094
74$16,134,030$12,592,035$11,683,157$14,892,727
75$17,750,454$13,179,798$12,045,295$15,949,614
76$19,530,832$13,795,440$12,418,645$17,096,449
77$21,491,858$14,440,298$12,803,551$18,341,682
78$23,651,928$15,115,773$13,200,371$19,694,591
79$26,031,315$15,823,336$13,609,473$21,165,373
80$28,652,356$16,564,527$14,031,237$22,765,226
81$31,539,668$17,340,960$14,466,055$24,506,460
82$34,720,376$18,154,328$14,914,330$26,402,600
83$38,224,371$19,006,407$15,376,476$28,468,514
84$42,084,593$19,899,058$15,852,925$30,720,546
85$46,337,339$20,834,230$16,344,116$33,176,665
86$51,022,610$21,813,969$16,850,506$35,856,630
87$56,184,482$22,840,419$17,372,564$38,782,169
88$61,871,529$23,915,829$17,910,774$41,977,177
89$68,137,276$25,042,556$18,465,636$45,467,939
90$75,040,706$26,223,069$19,037,663$49,283,368
91$82,646,820$27,459,961$19,627,386$53,455,270
92$91,027,243$28,755,948$20,235,352$58,018,640
93$100,260,910$30,113,876$20,862,123$63,011,983
94$110,434,800$31,536,734$21,508,282$68,477,668
95$121,644,766$33,027,650$22,174,426$74,462,321
96$133,996,436$34,589,909$22,861,173$81,017,257
97$147,606,208$36,226,951$23,569,158$88,198,952
98$162,602,356$37,942,385$24,299,039$96,069,570
99$179,126,229$39,739,995$25,051,490$104,697,537
100$197,333,599$41,623,749$25,827,210$114,158,178