Can I retire at age 70 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$891,854$883,910$876,159$868,594$861,207$831,644
2 years$441,512$433,289$425,320$417,593$410,099$380,615
3 years$291,417$283,159$275,210$267,556$260,183$231,706
4 years$216,385$208,152$200,283$192,759$185,565$158,311
5 years$171,377$163,194$155,427$148,057$141,064$115,105
6 years$141,382$133,260$125,608$118,403$111,619$86,976
7 years$119,965$111,911$104,381$97,345$90,776$67,445
8 years$103,910$95,929$88,524$81,661$75,307$53,270
9 years$91,429$83,523$76,245$69,557$63,420$42,648
10 years$81,450$73,622$66,472$59,959$54,037$34,497
11 years$73,291$65,541$58,521$52,182$46,473$28,127
12 years$66,496$58,826$51,936$45,771$40,273$23,077
13 years$60,752$53,162$46,401$40,409$35,119$19,029
14 years$55,832$48,322$41,692$35,870$30,785$15,754
15 years$51,572$44,143$37,642$31,990$27,105$13,085
16 years$47,848$40,501$34,128$28,644$23,956$10,898
17 years$44,566$37,300$31,055$25,736$21,241$9,096
18 years$41,651$34,467$28,349$23,193$18,886$7,606
19 years$39,047$31,943$25,953$20,957$16,834$6,369
20 years$36,706$29,683$23,818$18,981$15,036$5,340
21 years$34,590$27,649$21,908$17,226$13,456$4,482
22 years$32,670$25,809$20,192$15,663$12,061$3,765
23 years$30,919$24,139$18,643$14,264$10,827$3,165
24 years$29,316$22,616$17,242$13,010$9,731$2,663
25 years$27,844$21,224$15,970$11,881$8,757$2,241
26 years$26,487$19,948$14,811$10,864$7,888$1,887
27 years$25,233$18,773$13,753$9,944$7,112$1,589
28 years$24,071$17,690$12,785$9,111$6,417$1,339
29 years$22,991$16,688$11,898$8,355$5,794$1,128
30 years$21,984$15,760$11,082$7,667$5,235$951
31 years$21,044$14,899$10,332$7,042$4,733$802
32 years$20,165$14,097$9,640$6,472$4,282$676
33 years$19,341$13,350$9,001$5,951$3,875$570
34 years$18,567$12,653$8,410$5,476$3,508$481
35 years$17,839$12,001$7,863$5,041$3,178$406
36 years$17,153$11,391$7,355$4,642$2,879$342
37 years$16,505$10,819$6,884$4,277$2,609$289
38 years$15,893$10,282$6,447$3,942$2,366$243
39 years$15,314$9,777$6,040$3,635$2,145$205
40 years$14,765$9,302$5,661$3,353$1,946$173
41 years$14,245$8,854$5,309$3,093$1,765$146
42 years$13,750$8,433$4,980$2,855$1,602$123
43 years$13,280$8,035$4,673$2,635$1,454$104
44 years$12,832$7,659$4,386$2,433$1,320$88
45 years$12,405$7,303$4,118$2,247$1,198$74
46 years$11,998$6,967$3,868$2,076$1,088$63
47 years$11,610$6,649$3,634$1,918$988$53
48 years$11,239$6,347$3,415$1,772$897$45
49 years$10,884$6,061$3,210$1,638$815$38
50 years$10,545$5,790$3,018$1,514$740$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,800,000, adding $2,723 every year, while hoping to spend $38,389 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: 64/10/26 Blend
69$10,800,000$10,800,000$10,800,000$10,800,000
70$11,904,409$11,332,009$11,164,609$12,584,490
71$13,077,813$11,846,432$11,497,778$13,559,001
72$14,369,618$12,384,775$11,840,821$14,618,838
73$15,791,859$12,948,169$12,194,029$15,776,031
74$17,357,800$13,537,801$12,557,701$17,040,141
75$19,082,056$14,154,913$12,932,143$18,421,687
76$20,980,728$14,800,806$13,317,673$19,932,247
77$23,071,563$15,476,846$13,714,615$21,584,569
78$25,374,113$16,184,463$14,123,306$23,392,682
79$27,909,925$16,925,153$14,544,089$25,372,032
80$30,702,740$17,700,489$14,977,319$27,539,625
81$33,778,722$18,512,115$15,423,361$29,914,183
82$37,166,699$19,361,757$15,882,592$32,516,322
83$40,898,441$20,251,221$16,355,396$35,368,739
84$45,008,953$21,182,402$16,842,173$38,496,431
85$49,536,812$22,157,285$17,343,332$41,926,923
86$54,524,526$23,177,952$17,859,293$45,690,527
87$60,018,939$24,246,582$18,390,490$49,820,625
88$66,071,668$25,365,462$18,937,369$54,353,983
89$72,739,596$26,536,988$19,500,388$59,331,093
90$80,085,403$27,763,669$20,080,020$64,796,553
91$88,178,164$29,048,138$20,676,751$70,799,487
92$97,093,994$30,393,154$21,291,079$77,394,000
93$106,916,771$31,801,608$21,923,520$84,639,693
94$117,738,925$33,276,531$22,574,601$92,602,215
95$129,662,314$34,821,099$23,244,869$101,353,882
96$142,799,180$36,438,643$23,934,882$110,974,358
97$157,273,212$38,132,652$24,645,216$121,551,399
98$173,220,714$39,906,786$25,376,465$133,181,681
99$190,791,888$41,764,880$26,129,238$145,971,706
100$210,152,257$43,710,955$26,904,163$160,038,801