Can I retire at age 70 with 11,100,000?

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 $11,100,000?

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$916,628$908,463$900,497$892,722$885,130$881,400
2 years$453,776$445,325$437,134$429,193$421,490$417,725
3 years$299,512$291,025$282,855$274,988$267,411$263,726
4 years$222,396$213,934$205,846$198,114$190,720$187,144
5 years$176,138$167,727$159,745$152,170$144,982$141,527
6 years$145,309$136,962$129,098$121,692$114,719$111,388
7 years$123,297$115,020$107,281$100,049$93,298$90,093
8 years$106,796$98,593$90,983$83,929$77,399$74,321
9 years$93,968$85,843$78,363$71,489$65,181$62,228
10 years$83,712$75,667$68,319$61,624$55,538$52,709
11 years$75,327$67,362$60,147$53,631$47,764$45,058
12 years$68,343$60,460$53,379$47,042$41,392$38,806
13 years$62,439$54,638$47,690$41,531$36,094$33,626
14 years$57,383$49,665$42,850$36,867$31,640$29,287
15 years$53,004$45,370$38,688$32,879$27,858$25,618
16 years$49,177$41,626$35,076$29,439$24,621$22,490
17 years$45,804$38,336$31,918$26,451$21,831$19,806
18 years$42,808$35,424$29,137$23,838$19,411$17,490
19 years$40,132$32,831$26,673$21,539$17,302$15,480
20 years$37,725$30,508$24,480$19,508$15,454$13,728
21 years$35,551$28,417$22,517$17,705$13,830$12,197
22 years$33,577$26,526$20,752$16,098$12,396$10,853
23 years$31,778$24,809$19,161$14,660$11,128$9,670
24 years$30,131$23,245$17,721$13,371$10,002$8,626
25 years$28,618$21,814$16,413$12,211$9,000$7,704
26 years$27,223$20,502$15,222$11,165$8,107$6,886
27 years$25,934$19,294$14,135$10,220$7,309$6,160
28 years$24,739$18,181$13,141$9,364$6,595$5,515
29 years$23,629$17,152$12,228$8,587$5,955$4,941
30 years$22,595$16,198$11,390$7,880$5,381$4,429
31 years$21,629$15,312$10,619$7,238$4,865$3,972
32 years$20,726$14,489$9,908$6,652$4,401$3,564
33 years$19,878$13,721$9,251$6,117$3,983$3,199
34 years$19,083$13,004$8,643$5,628$3,606$2,873
35 years$18,335$12,334$8,081$5,181$3,266$2,580
36 years$17,629$11,707$7,560$4,771$2,959$2,318
37 years$16,964$11,119$7,076$4,396$2,682$2,084
38 years$16,335$10,567$6,626$4,052$2,431$1,873
39 years$15,740$10,048$6,208$3,736$2,205$1,684
40 years$15,175$9,560$5,819$3,446$2,000$1,515
41 years$14,640$9,100$5,456$3,179$1,814$1,363
42 years$14,132$8,667$5,118$2,934$1,646$1,226
43 years$13,649$8,258$4,802$2,709$1,494$1,103
44 years$13,188$7,871$4,508$2,501$1,356$993
45 years$12,750$7,506$4,233$2,310$1,231$893
46 years$12,332$7,161$3,976$2,134$1,118$804
47 years$11,933$6,833$3,735$1,971$1,015$724
48 years$11,551$6,523$3,510$1,821$922$652
49 years$11,186$6,229$3,299$1,683$837$587
50 years$10,837$5,951$3,102$1,556$760$528

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,100,000, adding $2,980 every year, while hoping to spend $29,668 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: 55/27/18 Blend
69$11,100,000$11,100,000$11,100,000$11,100,000
70$12,235,274$11,646,974$11,474,924$12,849,020
71$13,451,705$12,186,109$11,827,767$13,807,249
72$14,791,218$12,750,668$12,191,437$14,846,756
73$16,266,336$13,341,864$12,566,263$15,978,075
74$17,890,858$13,960,971$12,952,589$17,209,995
75$19,679,990$14,609,322$13,350,764$18,552,176
76$21,650,487$15,288,318$13,761,154$20,015,236
77$23,820,814$15,999,423$14,184,130$21,610,851
78$26,211,317$16,744,174$14,620,078$23,351,860
79$28,844,415$17,524,183$15,069,394$25,252,383
80$31,744,815$18,341,137$15,532,489$27,327,947
81$34,939,742$19,196,809$16,009,783$29,595,633
82$38,459,195$20,093,052$16,501,710$32,074,232
83$42,336,234$21,031,812$17,008,718$34,784,415
84$46,607,288$22,015,129$17,531,268$37,748,924
85$51,312,501$23,045,140$18,069,836$40,992,786
86$56,496,112$24,124,087$18,624,910$44,543,538
87$62,206,867$25,254,319$19,196,997$48,431,487
88$68,498,485$26,438,299$19,786,614$52,689,986
89$75,430,165$27,678,610$20,394,300$57,355,744
90$83,067,138$28,977,958$21,020,605$62,469,171
91$91,481,289$30,339,181$21,666,099$68,074,744
92$100,751,836$31,765,256$22,331,368$74,221,428
93$110,966,070$33,259,301$23,017,016$80,963,129
94$122,220,190$34,824,587$23,723,666$88,359,193
95$134,620,200$36,464,543$24,451,960$96,474,961
96$148,282,918$38,182,763$25,202,559$105,382,378
97$163,337,075$39,983,017$25,976,143$115,160,661
98$179,924,528$41,869,257$26,773,416$125,897,041
99$198,201,605$43,845,625$27,595,100$137,687,574
100$218,340,573$45,916,465$28,441,940$150,638,044