Can I retire at age 70 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$900,112$892,094$884,272$876,637$869,181$865,519
2 years$445,600$437,301$429,258$421,460$413,896$410,199
3 years$294,116$285,781$277,758$270,033$262,593$258,975
4 years$218,389$210,079$202,137$194,544$187,283$183,772
5 years$172,964$164,705$156,867$149,428$142,370$138,977
6 years$142,691$134,494$126,772$119,499$112,652$109,381
7 years$121,076$112,948$105,348$98,247$91,616$88,469
8 years$104,872$96,817$89,343$82,417$76,005$72,981
9 years$92,275$84,297$76,951$70,201$64,007$61,107
10 years$82,204$74,303$67,088$60,514$54,537$51,759
11 years$73,969$66,148$59,063$52,665$46,904$44,246
12 years$67,112$59,371$52,417$46,194$40,646$38,106
13 years$61,314$53,654$46,831$40,783$35,444$33,020
14 years$56,349$48,770$42,078$36,202$31,070$28,760
15 years$52,049$44,552$37,991$32,286$27,356$25,157
16 years$48,291$40,876$34,444$28,909$24,178$22,085
17 years$44,978$37,645$31,343$25,974$21,438$19,449
18 years$42,037$34,786$28,612$23,408$19,061$17,174
19 years$39,408$32,239$26,193$21,151$16,990$15,201
20 years$37,046$29,958$24,039$19,156$15,176$13,481
21 years$34,911$27,905$22,111$17,386$13,580$11,977
22 years$32,972$26,048$20,379$15,808$12,173$10,657
23 years$31,205$24,362$18,816$14,396$10,927$9,496
24 years$29,588$22,826$17,402$13,130$9,822$8,471
25 years$28,102$21,421$16,117$11,991$8,838$7,565
26 years$26,733$20,132$14,948$10,964$7,961$6,762
27 years$25,467$18,947$13,881$10,036$7,177$6,049
28 years$24,294$17,853$12,904$9,195$6,476$5,416
29 years$23,203$16,843$12,008$8,432$5,848$4,852
30 years$22,188$15,906$11,185$7,738$5,284$4,349
31 years$21,239$15,037$10,428$7,107$4,777$3,900
32 years$20,352$14,228$9,729$6,532$4,321$3,500
33 years$19,520$13,474$9,084$6,006$3,911$3,141
34 years$18,739$12,770$8,488$5,526$3,541$2,821
35 years$18,004$12,112$7,935$5,087$3,207$2,534
36 years$17,312$11,496$7,423$4,685$2,906$2,277
37 years$16,658$10,919$6,948$4,317$2,634$2,046
38 years$16,041$10,377$6,507$3,979$2,388$1,840
39 years$15,456$9,867$6,096$3,669$2,165$1,654
40 years$14,902$9,388$5,714$3,384$1,964$1,488
41 years$14,376$8,936$5,358$3,122$1,782$1,338
42 years$13,877$8,511$5,026$2,881$1,617$1,204
43 years$13,403$8,109$4,716$2,660$1,467$1,083
44 years$12,951$7,730$4,427$2,456$1,332$975
45 years$12,520$7,371$4,157$2,268$1,209$877
46 years$12,110$7,032$3,904$2,095$1,098$790
47 years$11,718$6,710$3,668$1,936$997$711
48 years$11,343$6,406$3,447$1,789$905$640
49 years$10,985$6,117$3,240$1,653$822$576
50 years$10,642$5,843$3,046$1,528$747$519

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,900,000, adding $3,244 every year, while hoping to spend $45,900 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: 49/42/9 Blend
69$10,900,000$10,900,000$10,900,000$10,900,000
70$12,015,146$11,437,446$11,268,496$12,574,942
71$13,191,854$11,949,044$11,597,154$13,470,149
72$14,487,047$12,484,171$11,935,283$14,436,859
73$15,912,764$13,043,933$12,283,152$15,485,811
74$17,482,266$13,629,487$12,641,038$16,624,703
75$19,210,170$14,242,044$13,009,226$17,861,988
76$21,112,578$14,882,875$13,388,005$19,206,948
77$23,207,235$15,553,310$13,777,678$20,669,779
78$25,513,695$16,254,744$14,178,552$22,261,682
79$28,053,502$16,988,636$14,590,943$23,994,965
80$30,850,397$17,756,518$15,015,178$25,883,151
81$33,930,542$18,559,992$15,451,591$27,941,105
82$37,322,765$19,400,738$15,900,526$30,185,165
83$41,058,830$20,280,518$16,362,337$32,633,293
84$45,173,741$21,201,174$16,837,387$35,305,237
85$49,706,072$22,164,641$17,326,048$38,222,711
86$54,698,325$23,172,942$17,828,705$41,409,595
87$60,197,339$24,228,201$18,345,751$44,892,152
88$66,254,725$25,332,640$18,877,591$48,699,268
89$72,927,358$26,488,591$19,424,641$52,862,721
90$80,277,912$27,698,494$19,987,330$57,417,468
91$88,375,448$28,964,910$20,566,095$62,401,971
92$97,296,073$30,290,520$21,161,388$67,858,549
93$107,123,651$31,678,133$21,773,673$73,833,768
94$117,950,598$33,130,697$22,403,426$80,378,874
95$129,878,754$34,651,296$23,051,136$87,550,263
96$143,020,344$36,243,167$23,717,306$95,410,007
97$157,499,036$37,909,699$24,402,452$104,026,426
98$173,451,109$39,654,445$25,107,105$113,474,724
99$191,026,739$41,481,130$25,831,810$123,837,683
100$210,391,417$43,393,656$26,577,127$135,206,438