Can I retire at age 70 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$867,080$859,357$851,821$844,466$837,285$805,975
2 years$429,248$421,253$413,506$405,993$398,707$367,522
3 years$283,323$275,294$267,565$260,124$252,956$222,876
4 years$210,374$202,370$194,719$187,405$180,410$151,665
5 years$166,617$158,661$151,110$143,945$137,145$109,809
6 years$137,455$129,558$122,119$115,114$108,518$82,610
7 years$116,633$108,803$101,482$94,641$88,254$63,767
8 years$101,023$93,264$86,065$79,392$73,216$50,127
9 years$88,889$81,203$74,127$67,625$61,658$39,935
10 years$79,187$71,577$64,626$58,293$52,536$32,140
11 years$71,255$63,720$56,896$50,732$45,183$26,069
12 years$64,649$57,192$50,493$44,499$39,154$21,275
13 years$59,064$51,685$45,113$39,286$34,143$17,447
14 years$54,281$46,980$40,534$34,874$29,930$14,364
15 years$50,139$42,917$36,597$31,101$26,353$11,863
16 years$46,519$39,376$33,180$27,848$23,290$9,823
17 years$43,328$36,264$30,193$25,021$20,651$8,150
18 years$40,494$33,509$27,562$22,549$18,362$6,774
19 years$37,962$31,056$25,232$20,375$16,366$5,639
20 years$35,686$28,859$23,156$18,453$14,619$4,699
21 years$33,630$26,881$21,299$16,748$13,082$3,920
22 years$31,762$25,092$19,631$15,227$11,726$3,272
23 years$30,060$23,468$18,125$13,868$10,526$2,733
24 years$28,502$21,988$16,763$12,648$9,461$2,285
25 years$27,071$20,635$15,526$11,551$8,514$1,911
26 years$25,752$19,393$14,399$10,562$7,669$1,598
27 years$24,532$18,251$13,371$9,668$6,914$1,338
28 years$23,402$17,198$12,430$8,858$6,239$1,120
29 years$22,352$16,225$11,567$8,123$5,633$937
30 years$21,373$15,322$10,775$7,454$5,090$785
31 years$20,460$14,485$10,045$6,846$4,602$657
32 years$19,605$13,706$9,372$6,292$4,163$551
33 years$18,804$12,979$8,751$5,786$3,767$461
34 years$18,051$12,301$8,176$5,324$3,411$387
35 years$17,344$11,668$7,644$4,901$3,089$324
36 years$16,676$11,074$7,151$4,513$2,799$271
37 years$16,047$10,518$6,693$4,158$2,537$227
38 years$15,452$9,996$6,268$3,833$2,300$191
39 years$14,889$9,505$5,872$3,534$2,086$160
40 years$14,355$9,043$5,504$3,260$1,892$134
41 years$13,849$8,608$5,161$3,008$1,716$112
42 years$13,368$8,198$4,841$2,776$1,557$94
43 years$12,911$7,811$4,543$2,562$1,413$79
44 years$12,475$7,446$4,264$2,366$1,283$66
45 years$12,061$7,100$4,004$2,185$1,165$55
46 years$11,665$6,773$3,761$2,018$1,057$46
47 years$11,288$6,464$3,533$1,865$960$39
48 years$10,927$6,171$3,320$1,723$872$33
49 years$10,582$5,893$3,121$1,592$792$27
50 years$10,252$5,629$2,934$1,472$719$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,500,000, adding $2,896 every year, while hoping to spend $40,883 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: 39/37/24 Blend
69$10,500,000$10,500,000$10,500,000$10,500,000
70$11,573,987$11,017,487$10,854,737$11,942,698
71$12,711,035$11,513,845$11,174,872$12,706,501
72$13,962,691$12,033,154$11,504,361$13,527,814
73$15,340,603$12,576,496$11,843,474$14,415,107
74$16,857,603$13,145,003$12,192,489$15,374,404
75$18,527,834$13,739,864$12,551,693$16,412,316
76$20,366,878$14,362,321$12,921,379$17,536,093
77$22,391,903$15,013,679$13,301,850$18,753,698
78$24,621,831$15,695,303$13,693,415$20,073,868
79$27,077,509$16,408,624$14,096,396$21,506,198
80$29,781,910$17,155,142$14,511,120$23,061,225
81$32,760,349$17,936,428$14,937,927$24,750,524
82$36,040,720$18,754,128$15,377,163$26,586,807
83$39,653,761$19,609,968$15,829,186$28,584,044
84$43,633,345$20,505,757$16,294,363$30,757,586
85$48,016,795$21,443,388$16,773,074$33,124,302
86$52,845,242$22,424,848$17,265,706$35,702,738
87$58,164,009$23,452,218$17,772,659$38,513,280
88$64,023,040$24,527,678$18,294,345$41,578,340
89$70,477,370$25,653,515$18,831,185$44,922,563
90$77,587,647$26,832,122$19,383,615$48,573,054
91$85,420,703$28,066,012$19,952,082$52,559,619
92$94,050,182$29,357,814$20,537,044$56,915,046
93$103,557,240$30,710,286$21,138,975$61,675,401
94$114,031,307$32,126,319$21,758,359$66,880,361
95$125,570,932$33,608,941$22,395,696$72,573,581
96$138,284,715$35,161,326$23,051,500$78,803,094
97$152,292,329$36,786,804$23,726,297$85,621,755
98$167,725,650$38,488,861$24,420,632$93,087,733
99$184,730,004$40,271,153$25,135,061$101,265,041
100$203,465,537$42,137,512$25,870,158$110,224,137