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%16.1%
1 years$900,112$892,094$884,272$876,637$869,181$847,481
2 years$445,600$437,301$429,258$421,460$413,896$392,171
3 years$294,116$285,781$277,758$270,033$262,593$241,522
4 years$218,389$210,079$202,137$194,544$187,283$167,029
5 years$172,964$164,705$156,867$149,428$142,370$122,988
6 years$142,691$134,494$126,772$119,499$112,652$94,163
7 years$121,076$112,948$105,348$98,247$91,616$74,021
8 years$104,872$96,817$89,343$82,417$76,005$59,296
9 years$92,275$84,297$76,951$70,201$64,007$48,170
10 years$82,204$74,303$67,088$60,514$54,537$39,554
11 years$73,969$66,148$59,063$52,665$46,904$32,752
12 years$67,112$59,371$52,417$46,194$40,646$27,301
13 years$61,314$53,654$46,831$40,783$35,444$22,880
14 years$56,349$48,770$42,078$36,202$31,070$19,260
15 years$52,049$44,552$37,991$32,286$27,356$16,270
16 years$48,291$40,876$34,444$28,909$24,178$13,786
17 years$44,978$37,645$31,343$25,974$21,438$11,710
18 years$42,037$34,786$28,612$23,408$19,061$9,968
19 years$39,408$32,239$26,193$21,151$16,990$8,499
20 years$37,046$29,958$24,039$19,156$15,176$7,258
21 years$34,911$27,905$22,111$17,386$13,580$6,206
22 years$32,972$26,048$20,379$15,808$12,173$5,312
23 years$31,205$24,362$18,816$14,396$10,927$4,551
24 years$29,588$22,826$17,402$13,130$9,822$3,901
25 years$28,102$21,421$16,117$11,991$8,838$3,347
26 years$26,733$20,132$14,948$10,964$7,961$2,873
27 years$25,467$18,947$13,881$10,036$7,177$2,468
28 years$24,294$17,853$12,904$9,195$6,476$2,120
29 years$23,203$16,843$12,008$8,432$5,848$1,822
30 years$22,188$15,906$11,185$7,738$5,284$1,567
31 years$21,239$15,037$10,428$7,107$4,777$1,347
32 years$20,352$14,228$9,729$6,532$4,321$1,159
33 years$19,520$13,474$9,084$6,006$3,911$997
34 years$18,739$12,770$8,488$5,526$3,541$858
35 years$18,004$12,112$7,935$5,087$3,207$738
36 years$17,312$11,496$7,423$4,685$2,906$635
37 years$16,658$10,919$6,948$4,317$2,634$547
38 years$16,041$10,377$6,507$3,979$2,388$471
39 years$15,456$9,867$6,096$3,669$2,165$405
40 years$14,902$9,388$5,714$3,384$1,964$349
41 years$14,376$8,936$5,358$3,122$1,782$300
42 years$13,877$8,511$5,026$2,881$1,617$259
43 years$13,403$8,109$4,716$2,660$1,467$223
44 years$12,951$7,730$4,427$2,456$1,332$192
45 years$12,520$7,371$4,157$2,268$1,209$165
46 years$12,110$7,032$3,904$2,095$1,098$142
47 years$11,718$6,710$3,668$1,936$997$123
48 years$11,343$6,406$3,447$1,789$905$106
49 years$10,985$6,117$3,240$1,653$822$91
50 years$10,642$5,843$3,046$1,528$747$78

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 $4,473 every year, while hoping to spend $34,142 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: 40/47/13 Blend
69$10,900,000$10,900,000$10,900,000$10,900,000
70$12,016,414$11,438,714$11,269,764$12,450,299
71$13,205,761$11,962,884$11,610,974$13,281,630
72$14,515,278$12,511,594$11,962,471$14,176,699
73$15,957,185$13,086,011$12,324,562$15,144,225
74$17,544,949$13,687,356$12,697,566$16,190,791
75$19,293,408$14,316,912$13,081,809$17,323,612
76$21,218,916$14,976,020$13,477,630$18,550,605
77$23,339,489$15,666,089$13,885,374$19,880,451
78$25,674,982$16,388,592$14,305,399$21,322,679
79$28,247,273$17,145,077$14,738,073$22,887,744
80$31,080,472$17,937,163$15,183,776$24,587,122
81$34,201,144$18,766,548$15,642,896$26,433,414
82$37,638,565$19,635,012$16,115,837$28,440,457
83$41,424,993$20,544,422$16,603,012$30,623,445
84$45,595,976$21,496,733$17,104,847$32,999,069
85$50,190,687$22,493,994$17,621,780$35,585,667
86$55,252,292$23,538,355$18,154,265$38,403,386
87$60,828,359$24,632,067$18,702,766$41,474,367
88$66,971,304$25,777,492$19,267,762$44,822,944
89$73,738,892$26,977,103$19,849,747$48,475,866
90$81,194,774$28,233,496$20,449,228$52,462,538
91$89,409,093$29,549,390$21,066,729$56,815,290
92$98,459,145$30,927,634$21,702,789$61,569,672
93$108,430,107$32,371,218$22,357,962$66,764,777
94$119,415,844$33,883,273$23,032,819$72,443,603
95$131,519,790$35,467,084$23,727,949$78,653,442
96$144,855,930$37,126,092$24,443,957$85,446,317
97$159,549,872$38,863,908$25,181,466$92,879,460
98$175,740,033$40,684,313$25,941,119$101,015,835
99$193,578,947$42,591,275$26,723,577$109,924,725
100$213,234,702$44,588,951$27,529,520$119,682,365