Can I retire at age 70 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$933,143$924,831$916,722$908,807$901,078$885,786
2 years$461,952$453,349$445,011$436,926$429,085$413,725
3 years$304,909$296,268$287,951$279,943$272,229$257,280
4 years$226,403$217,789$209,555$201,683$194,156$179,734
5 years$179,311$170,749$162,623$154,912$147,594$133,739
6 years$147,927$139,429$131,424$123,884$116,786$103,515
7 years$125,519$117,093$109,214$101,852$94,979$82,294
8 years$108,720$100,370$92,622$85,441$78,794$66,694
9 years$95,662$87,390$79,775$72,777$66,356$54,834
10 years$85,221$77,030$69,550$62,734$56,538$45,585
11 years$76,684$68,575$61,231$54,598$48,625$38,227
12 years$69,575$61,550$54,341$47,890$42,137$32,282
13 years$63,564$55,623$48,550$42,279$36,745$27,417
14 years$58,417$50,560$43,622$37,531$32,210$23,394
15 years$53,959$46,187$39,385$33,471$28,360$20,040
16 years$50,063$42,376$35,708$29,970$25,065$17,222
17 years$46,629$39,027$32,493$26,927$22,224$14,841
18 years$43,580$36,062$29,662$24,267$19,761$12,819
19 years$40,855$33,422$27,154$21,927$17,613$11,094
20 years$38,405$31,057$24,921$19,859$15,732$9,617
21 years$36,192$28,929$22,922$18,024$14,079$8,349
22 years$34,182$27,004$21,126$16,388$12,620$7,258
23 years$32,350$25,256$19,506$14,925$11,328$6,315
24 years$30,673$23,664$18,040$13,612$10,182$5,501
25 years$29,133$22,207$16,709$12,431$9,162$4,795
26 years$27,714$20,871$15,497$11,367$8,253$4,182
27 years$26,402$19,642$14,390$10,404$7,441$3,650
28 years$25,185$18,509$13,377$9,532$6,714$3,188
29 years$24,055$17,461$12,449$8,741$6,063$2,785
30 years$23,002$16,490$11,596$8,022$5,478$2,434
31 years$22,019$15,588$10,810$7,368$4,953$2,128
32 years$21,099$14,750$10,086$6,771$4,480$1,861
33 years$20,237$13,968$9,417$6,227$4,054$1,628
34 years$19,427$13,239$8,799$5,729$3,671$1,425
35 years$18,665$12,557$8,227$5,274$3,325$1,247
36 years$17,947$11,918$7,696$4,857$3,012$1,092
37 years$17,269$11,320$7,203$4,475$2,730$956
38 years$16,629$10,758$6,745$4,125$2,475$837
39 years$16,023$10,229$6,320$3,803$2,245$733
40 years$15,449$9,732$5,923$3,508$2,036$642
41 years$14,904$9,264$5,554$3,237$1,847$562
42 years$14,387$8,823$5,210$2,987$1,676$492
43 years$13,894$8,407$4,889$2,757$1,521$431
44 years$13,426$8,013$4,589$2,546$1,381$378
45 years$12,980$7,641$4,309$2,351$1,253$331
46 years$12,554$7,290$4,047$2,172$1,138$290
47 years$12,148$6,956$3,802$2,007$1,033$254
48 years$11,759$6,641$3,573$1,854$938$223
49 years$11,388$6,342$3,358$1,714$852$195
50 years$11,033$6,058$3,157$1,584$774$171

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,300,000, adding $2,863 every year, while hoping to spend $26,968 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: 60/19/21 Blend
69$11,300,000$11,300,000$11,300,000$11,300,000
70$12,455,553$11,856,653$11,681,503$13,133,827
71$13,697,326$12,408,935$12,044,140$14,146,122
72$15,064,856$12,987,376$12,418,021$15,246,837
73$16,570,941$13,593,227$12,803,495$16,447,146
74$18,229,685$14,227,804$13,200,920$17,756,715
75$20,056,629$14,892,482$13,610,667$19,186,174
76$22,068,899$15,588,707$14,033,118$20,747,217
77$24,285,364$16,317,992$14,468,665$22,452,709
78$26,726,820$17,081,922$14,917,714$24,316,802
79$29,416,182$17,882,162$15,380,684$26,355,072
80$32,378,700$18,720,456$15,858,004$28,584,654
81$35,642,200$19,598,631$16,350,120$31,024,408
82$39,237,345$20,518,604$16,857,489$33,695,090
83$43,197,923$21,482,385$17,380,584$36,619,544
84$47,561,169$22,492,079$17,919,891$39,822,915
85$52,368,113$23,549,896$18,475,912$43,332,880
86$57,663,970$24,658,150$19,049,165$47,179,911
87$63,498,565$25,819,270$19,640,182$51,397,552
88$69,926,804$27,035,800$20,249,514$56,022,731
89$77,009,193$28,310,408$20,877,727$61,096,112
90$84,812,405$29,645,893$21,525,406$66,662,463
91$93,409,916$31,045,187$22,193,152$72,771,081
92$102,882,692$32,511,366$22,881,588$79,476,249
93$113,319,958$34,047,654$23,591,352$86,837,745
94$124,820,036$35,657,432$24,323,105$94,921,397
95$137,491,279$37,344,245$25,077,527$103,799,700
96$151,453,085$39,111,808$25,855,320$113,552,495
97$166,837,032$40,964,020$26,657,207$124,267,715
98$183,788,118$42,904,966$27,483,932$136,042,208
99$202,466,127$44,938,929$28,336,264$148,982,645
100$223,047,139$47,070,404$29,214,995$163,206,516