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%19.2%
1 years$933,143$924,831$916,722$908,807$901,078$867,727
2 years$461,952$453,349$445,011$436,926$429,085$395,861
3 years$304,909$296,268$287,951$279,943$272,229$240,177
4 years$226,403$217,789$209,555$201,683$194,156$163,520
5 years$179,311$170,749$162,623$154,912$147,594$118,455
6 years$147,927$139,429$131,424$123,884$116,786$89,163
7 years$125,519$117,093$109,214$101,852$94,979$68,865
8 years$108,720$100,370$92,622$85,441$78,794$54,166
9 years$95,662$87,390$79,775$72,777$66,356$43,180
10 years$85,221$77,030$69,550$62,734$56,538$34,773
11 years$76,684$68,575$61,231$54,598$48,625$28,223
12 years$69,575$61,550$54,341$47,890$42,137$23,048
13 years$63,564$55,623$48,550$42,279$36,745$18,915
14 years$58,417$50,560$43,622$37,531$32,210$15,583
15 years$53,959$46,187$39,385$33,471$28,360$12,879
16 years$50,063$42,376$35,708$29,970$25,065$10,672
17 years$46,629$39,027$32,493$26,927$22,224$8,861
18 years$43,580$36,062$29,662$24,267$19,761$7,371
19 years$40,855$33,422$27,154$21,927$17,613$6,140
20 years$38,405$31,057$24,921$19,859$15,732$5,120
21 years$36,192$28,929$22,922$18,024$14,079$4,274
22 years$34,182$27,004$21,126$16,388$12,620$3,571
23 years$32,350$25,256$19,506$14,925$11,328$2,986
24 years$30,673$23,664$18,040$13,612$10,182$2,498
25 years$29,133$22,207$16,709$12,431$9,162$2,090
26 years$27,714$20,871$15,497$11,367$8,253$1,750
27 years$26,402$19,642$14,390$10,404$7,441$1,466
28 years$25,185$18,509$13,377$9,532$6,714$1,228
29 years$24,055$17,461$12,449$8,741$6,063$1,029
30 years$23,002$16,490$11,596$8,022$5,478$862
31 years$22,019$15,588$10,810$7,368$4,953$723
32 years$21,099$14,750$10,086$6,771$4,480$606
33 years$20,237$13,968$9,417$6,227$4,054$508
34 years$19,427$13,239$8,799$5,729$3,671$426
35 years$18,665$12,557$8,227$5,274$3,325$357
36 years$17,947$11,918$7,696$4,857$3,012$300
37 years$17,269$11,320$7,203$4,475$2,730$251
38 years$16,629$10,758$6,745$4,125$2,475$211
39 years$16,023$10,229$6,320$3,803$2,245$177
40 years$15,449$9,732$5,923$3,508$2,036$148
41 years$14,904$9,264$5,554$3,237$1,847$124
42 years$14,387$8,823$5,210$2,987$1,676$104
43 years$13,894$8,407$4,889$2,757$1,521$88
44 years$13,426$8,013$4,589$2,546$1,381$73
45 years$12,980$7,641$4,309$2,351$1,253$62
46 years$12,554$7,290$4,047$2,172$1,138$52
47 years$12,148$6,956$3,802$2,007$1,033$43
48 years$11,759$6,641$3,573$1,854$938$36
49 years$11,388$6,342$3,358$1,714$852$30
50 years$11,033$6,058$3,157$1,584$774$26

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 $2,184 every year, while hoping to spend $48,965 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: 73/17/10 Blend
69$11,300,000$11,300,000$11,300,000$11,300,000
70$12,454,853$11,855,953$11,680,803$13,340,720
71$13,673,149$12,384,796$12,020,011$14,454,838
72$15,014,071$12,937,912$12,368,942$15,668,397
73$16,490,074$13,516,437$12,727,869$16,996,192
74$18,114,883$14,121,564$13,097,075$18,449,506
75$19,903,622$14,754,541$13,476,847$20,040,758
76$21,872,954$15,416,676$13,867,484$21,783,617
77$24,041,242$16,109,340$14,269,291$23,693,133
78$26,428,718$16,833,967$14,682,582$25,785,868
79$29,057,677$17,592,062$15,107,679$28,080,062
80$31,952,688$18,385,200$15,544,914$30,595,791
81$35,140,820$19,215,033$15,994,626$33,355,165
82$38,651,903$20,083,289$16,457,166$36,382,523
83$42,518,809$20,991,782$16,932,892$39,704,671
84$46,777,758$21,942,410$17,422,175$43,351,123
85$51,468,664$22,937,163$17,925,392$47,354,383
86$56,635,509$23,978,125$18,442,934$51,750,244
87$62,326,759$25,067,481$18,975,200$56,578,126
88$68,595,821$26,207,520$19,522,602$61,881,445
89$75,501,546$27,400,640$20,085,561$67,708,016
90$83,108,788$28,649,356$20,664,512$74,110,502
91$91,489,010$29,956,300$21,259,898$81,146,911
92$100,720,963$31,324,232$21,872,179$88,881,134
93$110,891,428$32,756,046$22,501,823$97,383,546
94$122,096,033$34,254,772$23,149,314$106,731,668
95$134,440,159$35,823,586$23,815,147$117,010,893
96$148,039,931$37,465,818$24,499,830$128,315,284
97$163,023,316$39,184,956$25,203,887$140,748,463
98$179,531,332$40,984,655$25,927,854$154,424,580
99$197,719,373$42,868,749$26,672,282$169,469,386
100$217,758,683$44,841,252$27,437,738$186,021,413