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

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$867,080$859,357$851,821$844,466$837,285$823,753
2 years$429,248$421,253$413,506$405,993$398,707$385,111
3 years$283,323$275,294$267,565$260,124$252,956$239,719
4 years$210,374$202,370$194,719$187,405$180,410$167,635
5 years$166,617$158,661$151,110$143,945$137,145$124,868
6 years$137,455$129,558$122,119$115,114$108,518$96,753
7 years$116,633$108,803$101,482$94,641$88,254$77,005
8 years$101,023$93,264$86,065$79,392$73,216$62,479
9 years$88,889$81,203$74,127$67,625$61,658$51,430
10 years$79,187$71,577$64,626$58,293$52,536$42,807
11 years$71,255$63,720$56,896$50,732$45,183$35,943
12 years$64,649$57,192$50,493$44,499$39,154$30,392
13 years$59,064$51,685$45,113$39,286$34,143$25,846
14 years$54,281$46,980$40,534$34,874$29,930$22,084
15 years$50,139$42,917$36,597$31,101$26,353$18,943
16 years$46,519$39,376$33,180$27,848$23,290$16,302
17 years$43,328$36,264$30,193$25,021$20,651$14,068
18 years$40,494$33,509$27,562$22,549$18,362$12,169
19 years$37,962$31,056$25,232$20,375$16,366$10,547
20 years$35,686$28,859$23,156$18,453$14,619$9,157
21 years$33,630$26,881$21,299$16,748$13,082$7,962
22 years$31,762$25,092$19,631$15,227$11,726$6,931
23 years$30,060$23,468$18,125$13,868$10,526$6,041
24 years$28,502$21,988$16,763$12,648$9,461$5,270
25 years$27,071$20,635$15,526$11,551$8,514$4,601
26 years$25,752$19,393$14,399$10,562$7,669$4,020
27 years$24,532$18,251$13,371$9,668$6,914$3,514
28 years$23,402$17,198$12,430$8,858$6,239$3,074
29 years$22,352$16,225$11,567$8,123$5,633$2,690
30 years$21,373$15,322$10,775$7,454$5,090$2,355
31 years$20,460$14,485$10,045$6,846$4,602$2,062
32 years$19,605$13,706$9,372$6,292$4,163$1,807
33 years$18,804$12,979$8,751$5,786$3,767$1,583
34 years$18,051$12,301$8,176$5,324$3,411$1,388
35 years$17,344$11,668$7,644$4,901$3,089$1,216
36 years$16,676$11,074$7,151$4,513$2,799$1,067
37 years$16,047$10,518$6,693$4,158$2,537$935
38 years$15,452$9,996$6,268$3,833$2,300$820
39 years$14,889$9,505$5,872$3,534$2,086$720
40 years$14,355$9,043$5,504$3,260$1,892$631
41 years$13,849$8,608$5,161$3,008$1,716$554
42 years$13,368$8,198$4,841$2,776$1,557$486
43 years$12,911$7,811$4,543$2,562$1,413$426
44 years$12,475$7,446$4,264$2,366$1,283$374
45 years$12,061$7,100$4,004$2,185$1,165$328
46 years$11,665$6,773$3,761$2,018$1,057$288
47 years$11,288$6,464$3,533$1,865$960$253
48 years$10,927$6,171$3,320$1,723$872$222
49 years$10,582$5,893$3,121$1,592$792$195
50 years$10,252$5,629$2,934$1,472$719$171

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 $5,442 every year, while hoping to spend $59,076 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: 52/24/24 Blend
69$10,500,000$10,500,000$10,500,000$10,500,000
70$11,576,613$11,020,113$10,857,363$12,100,938
71$12,694,572$11,497,243$11,158,229$12,941,309
72$13,924,582$11,995,771$11,467,193$13,848,443
73$15,278,010$12,516,685$11,784,465$14,834,002
74$16,767,382$13,061,017$12,110,259$15,905,476
75$18,406,496$13,629,849$12,444,795$17,071,099
76$20,210,559$14,224,311$12,788,295$18,339,926
77$22,196,324$14,845,591$13,140,991$19,721,914
78$24,382,252$15,494,928$13,503,117$21,228,010
79$26,788,685$16,173,622$13,874,915$22,870,261
80$29,438,036$16,883,035$14,256,630$24,661,912
81$32,355,003$17,624,592$14,648,515$26,617,539
82$35,566,802$18,399,785$15,050,828$28,753,177
83$39,103,419$19,210,177$15,463,834$31,086,469
84$42,997,898$20,057,406$15,887,803$33,636,830
85$47,286,650$20,943,186$16,323,011$36,425,626
86$52,009,799$21,869,313$16,769,743$39,476,371
87$57,211,557$22,837,667$17,228,287$42,814,946
88$62,940,641$23,850,218$17,698,940$46,469,838
89$69,250,738$24,909,030$18,182,006$50,472,406
90$76,201,004$26,016,263$18,677,794$54,857,171
91$83,856,628$27,174,182$19,186,622$59,662,137
92$92,289,444$28,385,157$19,708,813$64,929,146
93$101,578,609$29,651,672$20,244,701$70,704,265
94$111,811,352$30,976,329$20,794,623$77,038,220
95$123,083,795$32,361,853$21,358,928$83,986,864
96$135,501,858$33,811,100$21,937,968$91,611,703
97$149,182,265$35,327,062$22,532,107$99,980,465
98$164,253,639$36,912,870$23,141,716$109,167,738
99$180,857,718$38,571,809$23,767,171$119,255,665
100$199,150,695$40,307,317$24,408,861$130,334,713