Can I retire at age 70 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$850,564$842,988$835,596$828,381$821,336$794,727
2 years$421,071$413,229$405,629$398,260$391,113$364,554
3 years$277,926$270,050$262,469$255,169$248,138$222,463
4 years$206,367$198,515$191,010$183,835$176,974$152,380
5 years$163,443$155,638$148,232$141,203$134,533$111,085
6 years$134,836$127,090$119,793$112,921$106,451$84,170
7 years$114,411$106,730$99,549$92,839$86,573$65,455
8 years$99,099$91,488$84,425$77,880$71,821$51,851
9 years$87,196$79,656$72,715$66,337$60,484$41,640
10 years$77,679$70,213$63,395$57,183$51,535$33,788
11 years$69,898$62,507$55,812$49,766$44,322$27,638
12 years$63,418$56,103$49,532$43,652$38,408$22,751
13 years$57,939$50,700$44,253$38,538$33,493$18,824
14 years$53,247$46,085$39,762$34,210$29,360$15,639
15 years$49,184$42,100$35,900$30,509$25,851$13,036
16 years$45,633$38,626$32,548$27,317$22,847$10,896
17 years$42,503$35,573$29,618$24,544$20,258$9,128
18 years$39,723$32,871$27,037$22,120$18,012$7,661
19 years$37,239$30,464$24,751$19,987$16,055$6,440
20 years$35,006$28,309$22,715$18,102$14,340$5,420
21 years$32,989$26,369$20,894$16,429$12,833$4,567
22 years$31,157$24,614$19,257$14,937$11,503$3,851
23 years$29,487$23,021$17,780$13,604$10,326$3,251
24 years$27,959$21,569$16,444$12,407$9,281$2,745
25 years$26,555$20,242$15,230$11,331$8,351$2,320
26 years$25,261$19,024$14,125$10,361$7,523$1,961
27 years$24,065$17,904$13,116$9,483$6,782$1,658
28 years$22,956$16,871$12,193$8,689$6,120$1,403
29 years$21,926$15,916$11,347$7,968$5,526$1,187
30 years$20,966$15,031$10,569$7,312$4,993$1,005
31 years$20,070$14,209$9,854$6,716$4,514$851
32 years$19,232$13,444$9,194$6,172$4,083$720
33 years$18,446$12,732$8,584$5,676$3,696$610
34 years$17,708$12,067$8,020$5,222$3,346$516
35 years$17,013$11,446$7,499$4,807$3,030$437
36 years$16,359$10,863$7,015$4,427$2,746$371
37 years$15,741$10,318$6,566$4,079$2,489$314
38 years$15,158$9,806$6,148$3,760$2,256$266
39 years$14,605$9,324$5,760$3,467$2,046$225
40 years$14,082$8,871$5,399$3,198$1,856$191
41 years$13,585$8,445$5,063$2,950$1,684$162
42 years$13,113$8,042$4,749$2,723$1,528$137
43 years$12,665$7,663$4,456$2,513$1,386$116
44 years$12,238$7,304$4,183$2,321$1,258$98
45 years$11,831$6,965$3,928$2,143$1,142$83
46 years$11,443$6,644$3,689$1,980$1,037$71
47 years$11,073$6,341$3,466$1,829$942$60
48 years$10,719$6,053$3,257$1,690$855$51
49 years$10,380$5,780$3,061$1,562$777$43
50 years$10,056$5,522$2,878$1,444$706$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,300,000, adding $5,419 every year, while hoping to spend $22,541 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: 49/41/10 Blend
69$10,300,000$10,300,000$10,300,000$10,300,000
70$11,356,190$10,810,290$10,650,640$11,881,846
71$12,490,538$11,316,010$10,983,453$12,748,444
72$13,739,834$11,845,756$11,326,659$13,686,403
73$15,115,778$12,400,680$11,680,584$14,704,688
74$16,631,266$12,981,991$12,045,562$15,810,817
75$18,300,504$13,590,958$12,421,937$17,013,041
76$20,139,149$14,228,908$12,810,065$18,320,425
77$22,164,453$14,897,236$13,210,314$19,742,921
78$24,395,429$15,597,402$13,623,061$21,291,461
79$26,853,025$16,330,937$14,048,696$22,978,059
80$29,560,328$17,099,448$14,487,622$24,815,911
81$32,542,777$17,904,616$14,940,253$26,819,522
82$35,828,406$18,748,208$15,407,017$29,004,832
83$39,448,107$19,632,073$15,888,355$31,389,363
84$43,435,920$20,558,152$16,384,722$33,992,380
85$47,829,360$21,528,477$16,896,586$36,835,061
86$52,669,765$22,545,183$17,424,432$39,940,696
87$58,002,688$23,610,504$17,968,757$43,334,896
88$63,878,328$24,726,784$18,530,077$47,045,829
89$70,352,004$25,896,483$19,108,920$51,104,478
90$77,484,674$27,122,176$19,705,835$55,544,924
91$85,343,515$28,406,567$20,321,385$60,404,661
92$94,002,553$29,752,488$20,956,150$65,724,942
93$103,543,363$31,162,910$21,610,731$71,551,154
94$114,055,842$32,640,948$22,285,746$77,933,244
95$125,639,051$34,189,868$22,981,833$84,926,175
96$138,402,158$35,813,095$23,699,647$92,590,434
97$152,465,461$37,514,220$24,439,869$100,992,595
98$167,961,529$39,297,008$25,203,195$110,205,935
99$185,036,451$41,165,407$25,990,348$120,311,111
100$203,851,214$43,123,557$26,802,070$131,396,911