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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$891,854$883,910$876,159$868,594$861,207$841,413
2 years$441,512$433,289$425,320$417,593$410,099$390,266
3 years$291,417$283,159$275,210$267,556$260,183$240,931
4 years$216,385$208,152$200,283$192,759$185,565$167,042
5 years$171,377$163,194$155,427$148,057$141,064$123,321
6 years$141,382$133,260$125,608$118,403$111,619$94,676
7 years$119,965$111,911$104,381$97,345$90,776$74,635
8 years$103,910$95,929$88,524$81,661$75,307$59,962
9 years$91,429$83,523$76,245$69,557$63,420$48,858
10 years$81,450$73,622$66,472$59,959$54,037$40,244
11 years$73,291$65,541$58,521$52,182$46,473$33,430
12 years$66,496$58,826$51,936$45,771$40,273$27,957
13 years$60,752$53,162$46,401$40,409$35,119$23,509
14 years$55,832$48,322$41,692$35,870$30,785$19,857
15 years$51,572$44,143$37,642$31,990$27,105$16,833
16 years$47,848$40,501$34,128$28,644$23,956$14,314
17 years$44,566$37,300$31,055$25,736$21,241$12,203
18 years$41,651$34,467$28,349$23,193$18,886$10,425
19 years$39,047$31,943$25,953$20,957$16,834$8,923
20 years$36,706$29,683$23,818$18,981$15,036$7,648
21 years$34,590$27,649$21,908$17,226$13,456$6,565
22 years$32,670$25,809$20,192$15,663$12,061$5,641
23 years$30,919$24,139$18,643$14,264$10,827$4,851
24 years$29,316$22,616$17,242$13,010$9,731$4,176
25 years$27,844$21,224$15,970$11,881$8,757$3,597
26 years$26,487$19,948$14,811$10,864$7,888$3,100
27 years$25,233$18,773$13,753$9,944$7,112$2,673
28 years$24,071$17,690$12,785$9,111$6,417$2,306
29 years$22,991$16,688$11,898$8,355$5,794$1,990
30 years$21,984$15,760$11,082$7,667$5,235$1,718
31 years$21,044$14,899$10,332$7,042$4,733$1,484
32 years$20,165$14,097$9,640$6,472$4,282$1,281
33 years$19,341$13,350$9,001$5,951$3,875$1,107
34 years$18,567$12,653$8,410$5,476$3,508$957
35 years$17,839$12,001$7,863$5,041$3,178$827
36 years$17,153$11,391$7,355$4,642$2,879$715
37 years$16,505$10,819$6,884$4,277$2,609$618
38 years$15,893$10,282$6,447$3,942$2,366$534
39 years$15,314$9,777$6,040$3,635$2,145$462
40 years$14,765$9,302$5,661$3,353$1,946$399
41 years$14,245$8,854$5,309$3,093$1,765$345
42 years$13,750$8,433$4,980$2,855$1,602$298
43 years$13,280$8,035$4,673$2,635$1,454$258
44 years$12,832$7,659$4,386$2,433$1,320$223
45 years$12,405$7,303$4,118$2,247$1,198$193
46 years$11,998$6,967$3,868$2,076$1,088$167
47 years$11,610$6,649$3,634$1,918$988$144
48 years$11,239$6,347$3,415$1,772$897$125
49 years$10,884$6,061$3,210$1,638$815$108
50 years$10,545$5,790$3,018$1,514$740$93

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 $3,262 every year, while hoping to spend $36,005 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: 61/18/21 Blend
69$10,800,000$10,800,000$10,800,000$10,800,000
70$11,904,965$11,332,565$11,165,165$12,565,539
71$13,080,962$11,849,551$11,500,889$13,529,803
72$14,375,704$12,390,664$11,846,653$14,577,465
73$15,801,266$12,957,046$12,202,755$15,720,084
74$17,370,950$13,549,896$12,569,503$16,966,896
75$19,099,419$14,170,472$12,947,212$18,328,064
76$21,002,824$14,820,091$13,336,209$19,814,765
77$23,098,968$15,500,131$13,736,828$21,439,298
78$25,407,465$16,212,040$14,149,414$23,215,198
79$27,949,930$16,957,332$14,574,322$25,157,356
80$30,750,179$17,737,598$15,011,918$27,282,164
81$33,834,458$18,554,502$15,462,579$29,607,660
82$37,231,689$19,409,788$15,926,691$32,153,698
83$40,973,739$20,305,286$16,404,653$34,942,134
84$45,095,728$21,242,912$16,896,877$37,997,027
85$49,636,354$22,224,676$17,403,783$41,344,860
86$54,638,260$23,252,684$17,925,809$45,014,794
87$60,148,440$24,329,143$18,463,400$49,038,930
88$66,218,676$25,456,366$19,017,019$53,452,615
89$72,906,031$26,636,778$19,587,140$58,294,771
90$80,273,388$27,872,922$20,174,251$63,608,252
91$88,390,040$29,167,461$20,778,854$69,440,253
92$97,332,346$30,523,189$21,401,468$75,842,743
93$107,184,453$31,943,033$22,042,625$82,872,955
94$118,039,088$33,430,062$22,702,874$90,593,922
95$129,998,433$34,987,493$23,382,778$99,075,062
96$143,175,090$36,618,698$24,082,918$108,392,832
97$157,693,147$38,327,211$24,803,893$118,631,443
98$173,689,342$40,116,739$25,546,318$129,883,647
99$191,314,361$41,991,166$26,310,826$142,251,610
100$210,734,257$43,954,563$27,098,070$155,847,865