Can I retire at age 70 with 10,200,000?

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 $10,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$842,306$834,804$827,484$820,339$813,362$789,223
2 years$416,983$409,217$401,691$394,394$387,315$363,195
3 years$275,228$267,428$259,921$252,692$245,729$222,384
4 years$204,364$196,588$189,156$182,050$175,256$152,865
5 years$161,856$154,127$146,793$139,832$133,227$111,850
6 years$133,527$125,857$118,630$111,825$105,418$85,075
7 years$113,300$105,694$98,582$91,937$85,733$66,424
8 years$98,137$90,599$83,606$77,124$71,124$52,836
9 years$86,349$78,883$72,009$65,692$59,896$42,612
10 years$76,925$69,532$62,779$56,628$51,035$34,729
11 years$69,219$61,900$55,270$49,283$43,892$28,536
12 years$62,802$55,558$49,051$43,228$38,036$23,600
13 years$57,377$50,208$43,824$38,164$33,168$19,619
14 years$52,730$45,638$39,376$33,877$29,075$16,379
15 years$48,707$41,691$35,551$30,213$25,600$13,720
16 years$45,190$38,251$32,232$27,052$22,625$11,526
17 years$42,090$35,227$29,330$24,306$20,061$9,705
18 years$39,337$32,552$26,775$21,905$17,837$8,188
19 years$36,878$30,169$24,511$19,793$15,899$6,919
20 years$34,667$28,034$22,495$17,926$14,201$5,855
21 years$32,669$26,113$20,691$16,269$12,708$4,960
22 years$30,855$24,375$19,070$14,792$11,391$4,206
23 years$29,201$22,798$17,608$13,472$10,225$3,569
24 years$27,688$21,360$16,284$12,287$9,191$3,031
25 years$26,297$20,045$15,082$11,221$8,270$2,576
26 years$25,016$18,839$13,988$10,260$7,450$2,190
27 years$23,831$17,730$12,989$9,391$6,716$1,862
28 years$22,734$16,707$12,075$8,604$6,060$1,585
29 years$21,713$15,761$11,237$7,890$5,472$1,349
30 years$20,763$14,885$10,467$7,241$4,945$1,148
31 years$19,875$14,071$9,758$6,651$4,470$977
32 years$19,045$13,314$9,104$6,112$4,044$832
33 years$18,267$12,609$8,501$5,621$3,660$709
34 years$17,536$11,950$7,943$5,172$3,313$604
35 years$16,848$11,334$7,426$4,761$3,001$515
36 years$16,200$10,758$6,947$4,384$2,719$438
37 years$15,588$10,218$6,502$4,040$2,464$374
38 years$15,010$9,710$6,089$3,723$2,234$318
39 years$14,463$9,234$5,704$3,433$2,026$271
40 years$13,945$8,785$5,347$3,167$1,838$231
41 years$13,453$8,363$5,014$2,922$1,667$197
42 years$12,986$7,964$4,703$2,696$1,513$168
43 years$12,542$7,588$4,413$2,489$1,373$143
44 years$12,119$7,233$4,142$2,298$1,246$122
45 years$11,716$6,898$3,890$2,122$1,131$104
46 years$11,332$6,580$3,653$1,961$1,027$89
47 years$10,965$6,279$3,432$1,811$933$76
48 years$10,615$5,994$3,225$1,674$847$64
49 years$10,279$5,724$3,032$1,547$769$55
50 years$9,959$5,468$2,850$1,430$699$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,200,000, adding $4,089 every year, while hoping to spend $54,785 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: 53/32/15 Blend
69$10,200,000$10,200,000$10,200,000$10,200,000
70$11,244,618$10,704,018$10,545,918$11,795,222
71$12,333,278$11,170,224$10,840,915$12,637,966
72$13,531,145$11,657,438$11,143,959$13,548,257
73$14,849,301$12,166,631$11,455,261$14,537,466
74$16,299,955$12,698,822$11,775,037$15,613,101
75$17,896,561$13,255,074$12,103,511$16,783,409
76$19,653,942$13,836,504$12,440,910$18,057,460
77$21,588,431$14,444,280$12,787,468$19,445,222
78$23,718,027$15,079,626$13,143,424$20,957,653
79$26,062,560$15,743,821$13,509,023$22,606,806
80$28,643,882$16,438,210$13,884,516$24,405,932
81$31,486,071$17,164,196$14,270,161$26,369,606
82$34,615,660$17,923,251$14,666,221$28,513,860
83$38,061,885$18,716,918$15,072,967$30,856,329
84$41,856,960$19,546,810$15,490,674$33,416,413
85$46,036,385$20,414,618$15,919,627$36,215,458
86$50,639,277$21,322,115$16,360,115$39,276,950
87$55,708,740$22,271,156$16,812,436$42,626,735
88$61,292,273$23,263,683$17,276,893$46,293,252
89$67,442,215$24,301,734$17,753,799$50,307,805
90$74,216,242$25,387,440$18,243,473$54,704,845
91$81,677,909$26,523,036$18,746,240$59,522,292
92$89,897,253$27,710,861$19,262,436$64,801,890
93$98,951,448$28,953,369$19,792,403$70,589,589
94$108,925,538$30,253,126$20,336,490$76,935,977
95$119,913,238$31,612,824$20,895,058$83,896,749
96$132,017,818$33,035,283$21,468,472$91,533,223
97$145,353,079$34,523,454$22,057,109$99,912,917
98$160,044,423$36,080,434$22,661,353$109,110,171
99$176,230,043$37,709,464$23,281,597$119,206,847
100$194,062,220$39,413,940$23,918,243$130,293,090