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

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$850,564$842,988$835,596$828,381$821,336$815,136
2 years$421,071$413,229$405,629$398,260$391,113$384,861
3 years$277,926$270,050$262,469$255,169$248,138$242,029
4 years$206,367$198,515$191,010$183,835$176,974$171,055
5 years$163,443$155,638$148,232$141,203$134,533$128,821
6 years$134,836$127,090$119,793$112,921$106,451$100,954
7 years$114,411$106,730$99,549$92,839$86,573$81,293
8 years$99,099$91,488$84,425$77,880$71,821$66,758
9 years$87,196$79,656$72,715$66,337$60,484$55,637
10 years$77,679$70,213$63,395$57,183$51,535$46,901
11 years$69,898$62,507$55,812$49,766$44,322$39,898
12 years$63,418$56,103$49,532$43,652$38,408$34,190
13 years$57,939$50,700$44,253$38,538$33,493$29,475
14 years$53,247$46,085$39,762$34,210$29,360$25,538
15 years$49,184$42,100$35,900$30,509$25,851$22,220
16 years$45,633$38,626$32,548$27,317$22,847$19,402
17 years$42,503$35,573$29,618$24,544$20,258$16,992
18 years$39,723$32,871$27,037$22,120$18,012$14,921
19 years$37,239$30,464$24,751$19,987$16,055$13,131
20 years$35,006$28,309$22,715$18,102$14,340$11,578
21 years$32,989$26,369$20,894$16,429$12,833$10,226
22 years$31,157$24,614$19,257$14,937$11,503$9,045
23 years$29,487$23,021$17,780$13,604$10,326$8,011
24 years$27,959$21,569$16,444$12,407$9,281$7,103
25 years$26,555$20,242$15,230$11,331$8,351$6,304
26 years$25,261$19,024$14,125$10,361$7,523$5,600
27 years$24,065$17,904$13,116$9,483$6,782$4,979
28 years$22,956$16,871$12,193$8,689$6,120$4,429
29 years$21,926$15,916$11,347$7,968$5,526$3,942
30 years$20,966$15,031$10,569$7,312$4,993$3,511
31 years$20,070$14,209$9,854$6,716$4,514$3,128
32 years$19,232$13,444$9,194$6,172$4,083$2,789
33 years$18,446$12,732$8,584$5,676$3,696$2,487
34 years$17,708$12,067$8,020$5,222$3,346$2,218
35 years$17,013$11,446$7,499$4,807$3,030$1,979
36 years$16,359$10,863$7,015$4,427$2,746$1,766
37 years$15,741$10,318$6,566$4,079$2,489$1,577
38 years$15,158$9,806$6,148$3,760$2,256$1,408
39 years$14,605$9,324$5,760$3,467$2,046$1,258
40 years$14,082$8,871$5,399$3,198$1,856$1,123
41 years$13,585$8,445$5,063$2,950$1,684$1,003
42 years$13,113$8,042$4,749$2,723$1,528$897
43 years$12,665$7,663$4,456$2,513$1,386$801
44 years$12,238$7,304$4,183$2,321$1,258$716
45 years$11,831$6,965$3,928$2,143$1,142$640
46 years$11,443$6,644$3,689$1,980$1,037$572
47 years$11,073$6,341$3,466$1,829$942$511
48 years$10,719$6,053$3,257$1,690$855$457
49 years$10,380$5,780$3,061$1,562$777$409
50 years$10,056$5,522$2,878$1,444$706$365

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 $4,279 every year, while hoping to spend $28,613 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: 48/45/7 Blend
69$10,300,000$10,300,000$10,300,000$10,300,000
70$11,355,014$10,809,114$10,649,464$11,878,902
71$12,482,781$11,308,316$10,975,777$12,737,258
72$13,724,622$11,831,021$11,312,062$13,665,284
73$15,092,141$12,378,349$11,658,624$14,672,158
74$16,598,127$12,951,475$12,015,776$15,765,221
75$18,256,671$13,551,632$12,383,839$16,952,534
76$20,083,301$14,180,112$12,763,147$18,242,942
77$22,095,127$14,838,267$13,154,042$19,646,161
78$24,311,004$15,527,516$13,556,877$21,172,860
79$26,751,709$16,249,347$13,972,015$22,834,756
80$29,440,137$17,005,319$14,399,831$24,644,724
81$32,401,517$17,797,066$14,840,711$26,616,908
82$35,663,651$18,626,300$15,295,054$28,766,851
83$39,257,172$19,494,818$15,763,267$31,111,637
84$43,215,842$20,404,503$16,245,775$33,670,040
85$47,576,861$21,357,326$16,743,011$36,462,703
86$52,381,223$22,355,358$17,255,425$39,512,318
87$57,674,103$23,400,766$17,783,477$42,843,839
88$63,505,282$24,495,823$18,327,644$46,484,705
89$69,929,616$25,642,914$18,888,415$50,465,093
90$77,007,557$26,844,537$19,466,297$54,818,196
91$84,805,719$28,103,310$20,061,809$59,580,525
92$93,397,510$29,421,980$20,675,487$64,792,244
93$102,863,824$30,803,425$21,307,884$70,497,542
94$113,293,805$32,250,664$21,959,569$76,745,040
95$124,785,687$33,766,860$22,631,129$83,588,234
96$137,447,722$35,355,332$23,323,167$91,085,995
97$151,399,203$37,019,556$24,036,306$99,303,112
98$166,771,587$38,763,179$24,771,187$108,310,888
99$183,709,738$40,590,025$25,528,471$118,187,803
100$202,373,296$42,504,100$26,308,839$129,020,241