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%19.5%
1 years$891,854$883,910$876,159$868,594$861,207$828,347
2 years$441,512$433,289$425,320$417,593$410,099$377,379
3 years$291,417$283,159$275,210$267,556$260,183$228,634
4 years$216,385$208,152$200,283$192,759$185,565$155,426
5 years$171,377$163,194$155,427$148,057$141,064$112,413
6 years$141,382$133,260$125,608$118,403$111,619$84,476
7 years$119,965$111,911$104,381$97,345$90,776$65,133
8 years$103,910$95,929$88,524$81,661$75,307$51,140
9 years$91,429$83,523$76,245$69,557$63,420$40,692
10 years$81,450$73,622$66,472$59,959$54,037$32,708
11 years$73,291$65,541$58,521$52,182$46,473$26,495
12 years$66,496$58,826$51,936$45,771$40,273$21,594
13 years$60,752$53,162$46,401$40,409$35,119$17,684
14 years$55,832$48,322$41,692$35,870$30,785$14,539
15 years$51,572$44,143$37,642$31,990$27,105$11,990
16 years$47,848$40,501$34,128$28,644$23,956$9,914
17 years$44,566$37,300$31,055$25,736$21,241$8,214
18 years$41,651$34,467$28,349$23,193$18,886$6,817
19 years$39,047$31,943$25,953$20,957$16,834$5,665
20 years$36,706$29,683$23,818$18,981$15,036$4,714
21 years$34,590$27,649$21,908$17,226$13,456$3,926
22 years$32,670$25,809$20,192$15,663$12,061$3,272
23 years$30,919$24,139$18,643$14,264$10,827$2,729
24 years$29,316$22,616$17,242$13,010$9,731$2,278
25 years$27,844$21,224$15,970$11,881$8,757$1,902
26 years$26,487$19,948$14,811$10,864$7,888$1,588
27 years$25,233$18,773$13,753$9,944$7,112$1,327
28 years$24,071$17,690$12,785$9,111$6,417$1,109
29 years$22,991$16,688$11,898$8,355$5,794$927
30 years$21,984$15,760$11,082$7,667$5,235$775
31 years$21,044$14,899$10,332$7,042$4,733$648
32 years$20,165$14,097$9,640$6,472$4,282$542
33 years$19,341$13,350$9,001$5,951$3,875$453
34 years$18,567$12,653$8,410$5,476$3,508$379
35 years$17,839$12,001$7,863$5,041$3,178$317
36 years$17,153$11,391$7,355$4,642$2,879$265
37 years$16,505$10,819$6,884$4,277$2,609$222
38 years$15,893$10,282$6,447$3,942$2,366$186
39 years$15,314$9,777$6,040$3,635$2,145$155
40 years$14,765$9,302$5,661$3,353$1,946$130
41 years$14,245$8,854$5,309$3,093$1,765$109
42 years$13,750$8,433$4,980$2,855$1,602$91
43 years$13,280$8,035$4,673$2,635$1,454$76
44 years$12,832$7,659$4,386$2,433$1,320$64
45 years$12,405$7,303$4,118$2,247$1,198$53
46 years$11,998$6,967$3,868$2,076$1,088$45
47 years$11,610$6,649$3,634$1,918$988$37
48 years$11,239$6,347$3,415$1,772$897$31
49 years$10,884$6,061$3,210$1,638$815$26
50 years$10,545$5,790$3,018$1,514$740$22

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 $5,841 every year, while hoping to spend $46,302 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: 70/18/12 Blend
69$10,800,000$10,800,000$10,800,000$10,800,000
70$11,907,625$11,335,225$11,167,825$12,710,385
71$13,072,938$11,841,386$11,492,682$13,749,827
72$14,355,561$12,370,797$11,826,870$14,880,783
73$15,767,410$12,924,549$12,170,653$16,117,214
74$17,321,617$13,503,783$12,524,301$17,469,498
75$19,032,651$14,109,696$12,888,093$18,949,059
76$20,916,452$14,743,543$13,262,316$20,568,466
77$22,990,589$15,406,636$13,647,262$22,341,554
78$25,274,420$16,100,351$14,043,236$24,283,554
79$27,789,272$16,826,130$14,450,546$26,411,230
80$30,558,651$17,585,483$14,869,512$28,743,037
81$33,608,455$18,379,993$15,300,462$31,299,295
82$36,967,222$19,211,318$15,743,733$34,102,372
83$40,666,402$20,081,195$16,199,671$37,176,898
84$44,740,646$20,991,445$16,668,631$40,549,993
85$49,228,140$21,943,974$17,150,978$44,251,519
86$54,170,963$22,940,782$17,647,089$48,314,360
87$59,615,483$23,983,962$18,157,348$52,774,727
88$65,612,796$25,075,709$18,682,152$57,672,498
89$72,219,205$26,218,323$19,221,908$63,051,592
90$79,496,755$27,414,212$19,777,034$68,960,377
91$87,513,818$28,665,903$20,347,959$75,452,126
92$96,345,736$29,976,040$20,935,124$82,585,511
93$106,075,534$31,347,399$21,538,983$90,425,158
94$116,794,700$32,782,883$22,160,001$99,042,248
95$128,604,054$34,285,539$22,798,656$108,515,189
96$141,614,696$35,858,559$23,455,439$118,930,345
97$155,949,054$37,505,287$24,130,855$130,382,852
98$171,742,040$39,229,229$24,825,421$142,977,510
99$189,142,326$41,034,059$25,539,671$156,829,761
100$208,313,743$42,923,627$26,274,149$172,066,782