Can I retire at age 70 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$858,822$851,172$843,709$836,424$829,311$818,948
2 years$425,160$417,241$409,567$402,127$394,910$384,482
3 years$280,624$272,672$265,017$257,647$250,547$240,379
4 years$208,371$200,443$192,865$185,620$178,692$168,862
5 years$165,030$157,149$149,671$142,574$135,839$126,376
6 years$136,145$128,324$120,956$114,017$107,485$98,399
7 years$115,522$107,767$100,515$93,740$87,414$78,710
8 years$100,061$92,376$85,245$78,636$72,518$64,195
9 years$88,043$80,430$73,421$66,981$61,071$53,124
10 years$78,433$70,895$64,010$57,738$52,035$44,460
11 years$70,576$63,114$56,354$50,249$44,752$37,542
12 years$64,033$56,647$50,013$44,075$38,781$31,928
13 years$58,502$51,193$44,683$38,912$33,818$27,312
14 years$53,764$46,533$40,148$34,542$29,645$23,477
15 years$49,662$42,508$36,248$30,805$26,102$20,262
16 years$46,076$39,001$32,864$27,583$23,069$17,547
17 years$42,915$35,918$29,905$24,783$20,454$15,239
18 years$40,109$33,190$27,299$22,334$18,187$13,268
19 years$37,601$30,760$24,991$20,181$16,210$11,575
20 years$35,346$28,584$22,936$18,278$14,479$10,117
21 years$33,309$26,625$21,097$16,588$12,957$8,856
22 years$31,460$24,853$19,444$15,082$11,615$7,763
23 years$29,774$23,245$17,953$13,736$10,426$6,813
24 years$28,230$21,779$16,603$12,528$9,371$5,985
25 years$26,813$20,438$15,378$11,441$8,432$5,262
26 years$25,506$19,209$14,262$10,461$7,596$4,631
27 years$24,299$18,078$13,244$9,575$6,848$4,078
28 years$23,179$17,034$12,312$8,773$6,179$3,593
29 years$22,139$16,070$11,457$8,045$5,580$3,167
30 years$21,170$15,176$10,672$7,383$5,042$2,793
31 years$20,265$14,347$9,949$6,781$4,558$2,464
32 years$19,418$13,575$9,283$6,232$4,123$2,175
33 years$18,625$12,856$8,667$5,731$3,731$1,920
34 years$17,880$12,184$8,098$5,273$3,378$1,696
35 years$17,178$11,557$7,571$4,854$3,060$1,498
36 years$16,518$10,969$7,083$4,470$2,772$1,324
37 years$15,894$10,418$6,629$4,119$2,513$1,170
38 years$15,305$9,901$6,208$3,796$2,278$1,034
39 years$14,747$9,415$5,816$3,501$2,066$914
40 years$14,218$8,957$5,452$3,229$1,874$808
41 years$13,717$8,527$5,112$2,979$1,700$714
42 years$13,241$8,120$4,795$2,749$1,543$632
43 years$12,788$7,737$4,500$2,538$1,400$559
44 years$12,357$7,375$4,224$2,343$1,271$494
45 years$11,946$7,033$3,966$2,164$1,154$437
46 years$11,554$6,709$3,725$1,999$1,047$387
47 years$11,180$6,402$3,499$1,847$951$342
48 years$10,823$6,112$3,288$1,707$864$302
49 years$10,481$5,837$3,091$1,577$784$268
50 years$10,154$5,575$2,906$1,458$713$237

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,400,000, adding $3,114 every year, while hoping to spend $38,556 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: 73/13/14 Blend
69$10,400,000$10,400,000$10,400,000$10,400,000
70$11,464,012$10,912,812$10,751,612$12,265,895
71$12,592,318$11,406,517$11,070,768$13,290,861
72$13,834,419$11,923,120$11,399,323$14,408,179
73$15,201,881$12,463,705$11,737,552$15,631,020
74$16,707,450$13,029,403$12,085,736$16,969,830
75$18,365,168$13,621,402$12,444,167$18,436,112
76$20,190,511$14,240,946$12,813,142$20,042,526
77$22,200,529$14,889,339$13,192,969$21,803,013
78$24,414,013$15,567,947$13,583,963$23,732,920
79$26,851,667$16,278,200$13,986,450$25,849,146
80$29,536,305$17,021,601$14,400,765$28,170,296
81$32,493,068$17,799,719$14,827,250$30,716,860
82$35,749,659$18,614,203$15,266,261$33,511,400
83$39,336,604$19,466,779$15,718,161$36,578,760
84$43,287,543$20,359,257$16,183,325$39,946,305
85$47,639,544$21,293,532$16,662,138$43,644,167
86$52,433,454$22,271,591$17,154,996$47,705,536
87$57,714,286$23,295,518$17,662,307$52,166,966
88$63,531,639$24,367,495$18,184,491$57,068,716
89$69,940,173$25,489,809$18,721,978$62,455,131
90$77,000,120$26,664,859$19,275,213$68,375,058
91$84,777,851$27,895,156$19,844,652$74,882,299
92$93,346,508$29,183,335$20,430,764$82,036,120
93$102,786,690$30,532,156$21,034,033$89,901,806
94$113,187,214$31,944,513$21,654,954$98,551,274
95$124,645,954$33,423,438$22,294,039$108,063,748
96$137,270,765$34,972,111$22,951,813$118,526,502
97$151,180,501$36,593,862$23,628,817$130,035,682
98$166,506,135$38,292,185$24,325,606$142,697,208
99$183,392,000$40,070,741$25,042,752$156,627,771
100$201,997,142$41,933,366$25,780,843$171,955,928