Can I retire at age 70 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$941,401$933,016$924,835$916,849$909,052$897,321
2 years$466,040$457,361$448,949$440,793$432,882$421,080
3 years$307,607$298,890$290,500$282,420$274,638$263,131
4 years$228,406$219,716$211,409$203,468$195,874$184,752
5 years$180,898$172,260$164,062$156,283$148,900$138,195
6 years$149,236$140,663$132,587$124,981$117,820$107,544
7 years$126,630$118,129$110,180$102,754$95,819$85,977
8 years$109,682$101,258$93,442$86,197$79,491$70,081
9 years$96,508$88,163$80,481$73,421$66,943$57,962
10 years$85,975$77,712$70,165$63,290$57,039$48,479
11 years$77,362$69,182$61,772$55,081$49,055$40,910
12 years$70,191$62,094$54,821$48,313$42,510$34,770
13 years$64,127$56,115$48,979$42,653$37,070$29,724
14 years$58,934$51,007$44,008$37,863$32,495$25,533
15 years$54,437$46,596$39,733$33,767$28,611$22,022
16 years$50,506$42,751$36,024$30,235$25,287$19,058
17 years$47,042$39,372$32,781$27,166$22,421$16,540
18 years$43,965$36,381$29,924$24,482$19,936$14,389
19 years$41,216$33,718$27,394$22,121$17,769$12,545
20 years$38,745$31,332$25,141$20,035$15,872$10,956
21 years$36,512$29,185$23,125$18,183$14,203$9,584
22 years$34,485$27,243$21,313$16,533$12,731$8,395
23 years$32,637$25,480$19,679$15,057$11,428$7,361
24 years$30,945$23,873$18,200$13,733$10,272$6,462
25 years$29,391$22,404$16,857$12,541$9,243$5,677
26 years$27,959$21,056$15,634$11,467$8,326$4,992
27 years$26,635$19,816$14,517$10,496$7,507$4,392
28 years$25,408$18,672$13,496$9,617$6,773$3,867
29 years$24,268$17,615$12,559$8,819$6,116$3,406
30 years$23,205$16,636$11,698$8,093$5,526$3,001
31 years$22,214$15,726$10,906$7,433$4,996$2,646
32 years$21,286$14,880$10,175$6,831$4,520$2,333
33 years$20,416$14,092$9,501$6,282$4,090$2,058
34 years$19,599$13,356$8,877$5,780$3,703$1,816
35 years$18,830$12,668$8,299$5,321$3,354$1,603
36 years$18,106$12,024$7,764$4,900$3,039$1,415
37 years$17,422$11,420$7,267$4,515$2,754$1,249
38 years$16,776$10,853$6,805$4,162$2,497$1,103
39 years$16,165$10,320$6,376$3,837$2,264$974
40 years$15,586$9,819$5,976$3,539$2,054$861
41 years$15,036$9,346$5,603$3,265$1,863$760
42 years$14,514$8,901$5,256$3,014$1,691$672
43 years$14,017$8,481$4,932$2,782$1,535$594
44 years$13,545$8,084$4,630$2,569$1,393$525
45 years$13,095$7,709$4,347$2,372$1,264$464
46 years$12,665$7,354$4,083$2,191$1,148$410
47 years$12,255$7,018$3,836$2,024$1,043$362
48 years$11,863$6,700$3,605$1,871$947$320
49 years$11,489$6,398$3,388$1,729$860$283
50 years$11,130$6,111$3,185$1,598$781$250

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,400,000, adding $2,625 every year, while hoping to spend $21,302 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: 47/38/15 Blend
69$11,400,000$11,400,000$11,400,000$11,400,000
70$12,565,508$11,961,308$11,784,608$13,102,910
71$13,824,524$12,524,747$12,156,727$14,039,108
72$15,211,247$13,115,080$12,540,598$15,052,226
73$16,738,678$13,733,603$12,936,593$16,151,342
74$18,421,148$14,381,675$13,345,093$17,344,477
75$20,274,447$15,060,718$13,766,495$18,640,438
76$22,315,973$15,772,226$14,201,206$20,048,897
77$24,564,902$16,517,765$14,649,645$21,580,472
78$27,042,361$17,298,974$15,112,248$23,246,830
79$29,771,634$18,117,576$15,589,460$25,060,784
80$32,778,378$18,975,375$16,081,744$27,036,414
81$36,090,866$19,874,262$16,589,576$29,189,193
82$39,740,254$20,816,220$17,113,447$31,536,123
83$43,760,876$21,803,331$17,653,863$34,095,896
84$48,190,565$22,837,774$18,211,347$36,889,057
85$53,071,014$23,921,836$18,786,439$39,938,195
86$58,448,166$25,057,915$19,379,693$43,268,150
87$64,372,651$26,248,525$19,991,685$46,906,234
88$70,900,261$27,496,302$20,623,006$50,882,488
89$78,092,478$28,804,011$21,274,267$55,229,952
90$86,017,053$30,174,550$21,946,097$59,984,970
91$94,748,648$31,610,958$22,639,147$65,187,525
92$104,369,537$33,116,423$23,354,086$70,881,606
93$114,970,388$34,694,286$24,091,606$77,115,610
94$126,651,114$36,348,052$24,852,421$83,942,796
95$139,521,816$38,081,395$25,637,266$91,421,768
96$153,703,827$39,898,169$26,446,900$99,617,022
97$169,330,853$41,802,415$27,282,107$108,599,543
98$186,550,237$43,798,370$28,143,694$118,447,461
99$205,524,348$45,890,477$29,032,495$129,246,772
100$226,432,117$48,083,396$29,949,369$141,092,144