Can I retire at age 70 with 11,200,000?

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 $11,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$924,886$916,647$908,609$900,764$893,104$874,714
2 years$457,864$449,337$441,073$433,060$425,287$406,844
3 years$302,211$293,647$285,403$277,466$269,820$251,897
4 years$224,399$215,861$207,700$199,898$192,438$175,175
5 years$177,725$169,238$161,184$153,541$146,288$129,734
6 years$146,618$138,195$130,261$122,788$115,753$99,925
7 years$124,408$116,056$108,247$100,951$94,138$79,039
8 years$107,758$99,482$91,802$84,685$78,097$63,723
9 years$94,815$86,617$79,069$72,133$65,769$52,110
10 years$84,467$76,348$68,934$62,179$56,038$43,081
11 years$76,005$67,969$60,689$54,115$48,195$35,924
12 years$68,959$61,005$53,860$47,466$41,764$30,161
13 years$63,002$55,131$48,120$41,905$36,419$25,463
14 years$57,900$50,112$43,236$37,199$31,925$21,595
15 years$53,482$45,778$39,036$33,175$28,109$18,384
16 years$49,620$42,001$35,392$29,704$24,843$15,699
17 years$46,216$38,681$32,205$26,689$22,028$13,442
18 years$43,194$35,743$29,399$24,052$19,586$11,534
19 years$40,493$33,126$26,914$21,733$17,457$9,916
20 years$38,065$30,783$24,700$19,684$15,593$8,538
21 years$35,871$28,673$22,719$17,864$13,954$7,362
22 years$33,880$26,765$20,939$16,243$12,508$6,355
23 years$32,064$25,033$19,334$14,793$11,228$5,492
24 years$30,402$23,454$17,881$13,492$10,092$4,750
25 years$28,875$22,010$16,561$12,321$9,081$4,111
26 years$27,468$20,686$15,359$11,266$8,180$3,560
27 years$26,168$19,468$14,263$10,312$7,375$3,085
28 years$24,962$18,345$13,259$9,448$6,655$2,674
29 years$23,842$17,306$12,339$8,664$6,009$2,319
30 years$22,798$16,344$11,493$7,951$5,429$2,012
31 years$21,824$15,450$10,715$7,303$4,909$1,746
32 years$20,912$14,619$9,997$6,711$4,440$1,516
33 years$20,058$13,845$9,334$6,172$4,018$1,316
34 years$19,255$13,122$8,721$5,679$3,638$1,143
35 years$18,500$12,446$8,154$5,227$3,295$993
36 years$17,788$11,813$7,628$4,814$2,986$862
37 years$17,117$11,219$7,139$4,436$2,706$749
38 years$16,482$10,662$6,686$4,089$2,453$651
39 years$15,881$10,139$6,264$3,770$2,225$566
40 years$15,312$9,646$5,871$3,477$2,018$492
41 years$14,772$9,182$5,505$3,208$1,831$427
42 years$14,259$8,745$5,164$2,961$1,661$371
43 years$13,771$8,332$4,846$2,733$1,508$323
44 years$13,307$7,942$4,549$2,524$1,368$281
45 years$12,865$7,574$4,271$2,331$1,242$244
46 years$12,443$7,225$4,011$2,153$1,128$212
47 years$12,040$6,895$3,769$1,989$1,024$184
48 years$11,655$6,582$3,541$1,838$930$160
49 years$11,287$6,286$3,329$1,698$845$139
50 years$10,935$6,004$3,130$1,570$767$121

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,200,000, adding $6,802 every year, while hoping to spend $34,061 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: 49/33/18 Blend
69$11,200,000$11,200,000$11,200,000$11,200,000
70$12,349,416$11,755,816$11,582,216$12,892,082
71$13,572,816$12,295,611$11,933,980$13,808,115
72$14,919,861$12,860,713$12,296,386$14,798,615
73$16,403,127$13,452,329$12,669,755$15,873,891
74$18,036,472$14,071,718$13,054,418$17,041,925
75$19,835,165$14,720,205$13,450,713$18,311,483
76$21,816,032$15,399,176$13,858,992$19,692,196
77$23,997,614$16,110,082$14,279,616$21,194,647
78$26,400,343$16,854,449$14,712,955$22,830,463
79$29,046,732$17,633,871$15,159,393$24,612,426
80$31,961,589$18,450,021$15,619,324$26,554,584
81$35,172,253$19,304,654$16,093,153$28,672,381
82$38,708,848$20,199,607$16,581,298$30,982,800
83$42,604,570$21,136,807$17,084,191$33,504,511
84$46,895,999$22,118,273$17,602,274$36,258,050
85$51,623,445$23,146,123$18,136,005$39,266,001
86$56,831,329$24,222,575$18,685,854$42,553,205
87$62,568,599$25,349,956$19,252,304$46,146,989
88$68,889,195$26,530,703$19,835,856$50,077,417
89$75,852,559$27,767,373$20,437,022$54,377,567
90$83,524,190$29,062,644$21,056,332$59,083,833
91$91,976,269$30,419,326$21,694,332$64,236,265
92$101,288,338$31,840,363$22,351,582$69,878,937
93$111,548,049$33,328,841$23,028,660$76,060,357
94$122,851,991$34,887,995$23,726,161$82,833,912
95$135,306,606$36,521,219$24,444,699$90,258,366
96$149,029,189$38,232,067$25,184,906$98,398,404
97$164,148,996$40,024,268$25,947,430$107,325,235
98$180,808,467$41,901,731$26,732,942$117,117,251
99$199,164,566$43,868,551$27,542,131$127,860,755
100$219,390,267$45,929,025$28,375,708$139,650,770