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%18.1%
1 years$891,854$883,910$876,159$868,594$861,207$832,973
2 years$441,512$433,289$425,320$417,593$410,099$381,922
3 years$291,417$283,159$275,210$267,556$260,183$232,950
4 years$216,385$208,152$200,283$192,759$185,565$159,482
5 years$171,377$163,194$155,427$148,057$141,064$116,202
6 years$141,382$133,260$125,608$118,403$111,619$87,998
7 years$119,965$111,911$104,381$97,345$90,776$68,394
8 years$103,910$95,929$88,524$81,661$75,307$54,147
9 years$91,429$83,523$76,245$69,557$63,420$43,457
10 years$81,450$73,622$66,472$59,959$54,037$35,240
11 years$73,291$65,541$58,521$52,182$46,473$28,807
12 years$66,496$58,826$51,936$45,771$40,273$23,698
13 years$60,752$53,162$46,401$40,409$35,119$19,594
14 years$55,832$48,322$41,692$35,870$30,785$16,267
15 years$51,572$44,143$37,642$31,990$27,105$13,550
16 years$47,848$40,501$34,128$28,644$23,956$11,317
17 years$44,566$37,300$31,055$25,736$21,241$9,474
18 years$41,651$34,467$28,349$23,193$18,886$7,945
19 years$39,047$31,943$25,953$20,957$16,834$6,674
20 years$36,706$29,683$23,818$18,981$15,036$5,613
21 years$34,590$27,649$21,908$17,226$13,456$4,726
22 years$32,670$25,809$20,192$15,663$12,061$3,982
23 years$30,919$24,139$18,643$14,264$10,827$3,358
24 years$29,316$22,616$17,242$13,010$9,731$2,834
25 years$27,844$21,224$15,970$11,881$8,757$2,393
26 years$26,487$19,948$14,811$10,864$7,888$2,021
27 years$25,233$18,773$13,753$9,944$7,112$1,708
28 years$24,071$17,690$12,785$9,111$6,417$1,444
29 years$22,991$16,688$11,898$8,355$5,794$1,221
30 years$21,984$15,760$11,082$7,667$5,235$1,032
31 years$21,044$14,899$10,332$7,042$4,733$873
32 years$20,165$14,097$9,640$6,472$4,282$739
33 years$19,341$13,350$9,001$5,951$3,875$625
34 years$18,567$12,653$8,410$5,476$3,508$529
35 years$17,839$12,001$7,863$5,041$3,178$448
36 years$17,153$11,391$7,355$4,642$2,879$379
37 years$16,505$10,819$6,884$4,277$2,609$321
38 years$15,893$10,282$6,447$3,942$2,366$271
39 years$15,314$9,777$6,040$3,635$2,145$230
40 years$14,765$9,302$5,661$3,353$1,946$194
41 years$14,245$8,854$5,309$3,093$1,765$165
42 years$13,750$8,433$4,980$2,855$1,602$139
43 years$13,280$8,035$4,673$2,635$1,454$118
44 years$12,832$7,659$4,386$2,433$1,320$100
45 years$12,405$7,303$4,118$2,247$1,198$85
46 years$11,998$6,967$3,868$2,076$1,088$72
47 years$11,610$6,649$3,634$1,918$988$61
48 years$11,239$6,347$3,415$1,772$897$51
49 years$10,884$6,061$3,210$1,638$815$43
50 years$10,545$5,790$3,018$1,514$740$37

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 $2,636 every year, while hoping to spend $31,829 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: 54/23/23 Blend
69$10,800,000$10,800,000$10,800,000$10,800,000
70$11,904,319$11,331,919$11,164,519$12,471,735
71$13,084,694$11,853,317$11,504,665$13,383,514
72$14,384,400$12,399,197$11,855,138$14,372,036
73$15,815,576$12,970,725$12,216,252$15,447,512
74$17,391,597$13,569,122$12,588,329$16,618,275
75$19,127,201$14,195,671$12,971,699$17,893,481
76$21,038,629$14,851,712$13,366,705$19,283,201
77$23,143,777$15,538,654$13,773,697$20,798,507
78$25,462,365$16,257,971$14,193,039$22,451,577
79$28,016,123$17,011,209$14,625,103$24,255,803
80$30,828,998$17,799,988$15,070,274$26,225,918
81$33,927,376$18,626,008$15,528,948$28,378,128
82$37,340,334$19,491,047$16,001,534$30,730,263
83$41,099,912$20,396,974$16,488,450$33,301,939
84$45,241,421$21,345,742$16,990,130$36,114,744
85$49,803,766$22,339,404$17,507,020$39,192,431
86$54,829,824$23,380,109$18,039,579$42,561,142
87$60,366,841$24,470,109$18,588,280$46,249,649
88$66,466,882$25,611,768$19,153,610$50,289,621
89$73,187,319$26,807,560$19,736,072$54,715,916
90$80,591,377$28,060,081$20,336,181$59,566,906
91$88,748,726$29,372,054$20,954,472$64,884,833
92$97,736,140$30,746,329$21,591,491$70,716,205
93$107,638,225$32,185,897$22,247,804$77,112,223
94$118,548,212$33,693,894$22,923,994$84,129,262
95$130,568,841$35,273,606$23,620,658$91,829,397
96$143,813,328$36,928,478$24,338,416$100,280,978
97$158,406,436$38,662,122$25,077,902$109,559,272
98$174,485,652$40,478,326$25,839,771$119,747,165
99$192,202,484$42,381,059$26,624,699$130,935,933
100$211,723,890$44,374,484$27,433,379$143,226,101