Can I retire at age 70 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$883,596$875,725$868,047$860,552$853,233$822,632
2 years$437,424$429,277$421,382$413,727$406,301$375,803
3 years$288,719$280,537$272,662$265,079$257,774$228,336
4 years$214,381$206,225$198,428$190,974$183,847$155,694
5 years$169,790$161,683$153,988$146,687$139,757$112,964
6 years$140,073$132,026$124,445$117,306$110,585$85,171
7 years$118,854$110,875$103,415$96,444$89,935$65,895
8 years$102,948$95,041$87,704$80,905$74,610$51,922
9 years$90,582$82,750$75,539$68,913$62,833$41,468
10 years$80,696$72,940$65,857$59,403$53,536$33,458
11 years$72,612$64,934$57,979$51,699$46,043$27,209
12 years$65,881$58,281$51,455$45,347$39,900$22,264
13 years$60,189$52,669$45,972$40,034$34,794$18,308
14 years$55,315$47,875$41,306$35,538$30,500$15,115
15 years$51,094$43,735$37,294$31,694$26,854$12,519
16 years$47,405$40,126$33,812$28,378$23,734$10,396
17 years$44,153$36,954$30,768$25,498$21,044$8,652
18 years$41,266$34,147$28,087$22,979$18,712$7,213
19 years$38,685$31,648$25,712$20,763$16,678$6,022
20 years$36,366$29,408$23,597$18,805$14,897$5,033
21 years$34,270$27,393$21,705$17,067$13,331$4,212
22 years$32,367$25,570$20,005$15,518$11,950$3,527
23 years$30,633$23,915$18,471$14,132$10,727$2,956
24 years$29,045$22,407$17,082$12,889$9,641$2,478
25 years$27,586$21,028$15,822$11,771$8,676$2,079
26 years$26,242$19,763$14,674$10,763$7,815$1,745
27 years$25,000$18,599$13,626$9,852$7,046$1,465
28 years$23,848$17,526$12,667$9,026$6,357$1,230
29 years$22,778$16,534$11,788$8,277$5,741$1,033
30 years$21,781$15,614$10,980$7,596$5,187$868
31 years$20,850$14,761$10,236$6,977$4,690$730
32 years$19,979$13,967$9,551$6,412$4,242$613
33 years$19,162$13,227$8,917$5,896$3,839$515
34 years$18,395$12,536$8,332$5,425$3,476$433
35 years$17,674$11,890$7,790$4,994$3,148$364
36 years$16,994$11,285$7,287$4,599$2,852$306
37 years$16,353$10,718$6,821$4,238$2,585$257
38 years$15,746$10,186$6,387$3,906$2,344$216
39 years$15,172$9,686$5,984$3,602$2,125$182
40 years$14,629$9,216$5,609$3,322$1,928$153
41 years$14,113$8,772$5,259$3,065$1,749$129
42 years$13,623$8,355$4,933$2,828$1,587$108
43 years$13,157$7,960$4,629$2,611$1,440$91
44 years$12,713$7,588$4,345$2,411$1,307$77
45 years$12,290$7,236$4,080$2,226$1,187$64
46 years$11,887$6,903$3,832$2,057$1,078$54
47 years$11,503$6,587$3,600$1,900$979$46
48 years$11,135$6,288$3,383$1,756$889$38
49 years$10,783$6,005$3,180$1,623$807$32
50 years$10,447$5,736$2,990$1,500$733$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,700,000, adding $5,604 every year, while hoping to spend $29,779 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: 43/48/9 Blend
69$10,700,000$10,700,000$10,700,000$10,700,000
70$11,797,181$11,230,081$11,064,231$12,273,515
71$12,968,808$11,748,670$11,403,198$13,123,989
72$14,258,944$12,291,672$11,752,522$14,041,307
73$15,679,644$12,860,252$12,112,519$15,034,369
74$17,244,194$13,455,630$12,483,515$16,110,114
75$18,967,232$14,079,086$12,865,843$17,276,155
76$20,864,890$14,731,962$13,259,849$18,540,844
77$22,954,944$15,415,663$13,665,889$19,913,344
78$25,256,981$16,131,664$14,084,329$21,403,714
79$27,792,586$16,881,508$14,515,547$23,022,994
80$30,585,544$17,666,816$14,959,932$24,783,308
81$33,662,064$18,489,284$15,417,884$26,697,966
82$37,051,028$19,350,692$15,889,816$28,781,589
83$40,784,262$20,252,906$16,376,155$31,050,238
84$44,896,838$21,197,880$16,877,337$33,521,555
85$49,427,403$22,187,663$17,393,816$36,214,930
86$54,418,545$23,224,406$17,926,056$39,151,668
87$59,917,195$24,310,359$18,474,536$42,355,187
88$65,975,067$25,447,885$19,039,752$45,851,226
89$72,649,151$26,639,459$19,622,211$49,668,085
90$80,002,248$27,887,676$20,222,438$53,836,878
91$88,103,561$29,195,256$20,840,974$58,391,819
92$97,029,352$30,565,052$21,478,374$63,370,533
93$106,863,660$32,000,053$22,135,214$68,814,400
94$117,699,093$33,503,395$22,812,083$74,768,939
95$129,637,702$35,078,364$23,509,590$81,284,219
96$142,791,950$36,728,405$24,228,363$88,415,324
97$157,285,763$38,457,131$24,969,047$96,222,858
98$173,255,709$40,268,329$25,732,309$104,773,503
99$190,852,285$42,165,971$26,518,834$114,140,638
100$210,241,332$44,154,218$27,329,330$124,405,010