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

Use the below retirement simulation to view the chances of a successful retirement.
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%18.3%
1 years$941,401$933,016$924,835$916,849$909,052$878,547
2 years$466,040$457,361$448,949$440,793$432,882$402,449
3 years$307,607$298,890$290,500$282,420$274,638$245,234
4 years$228,406$219,716$211,409$203,468$195,874$167,723
5 years$180,898$172,260$164,062$156,283$148,900$122,077
6 years$149,236$140,663$132,587$124,981$117,820$92,346
7 years$126,630$118,129$110,180$102,754$95,819$71,691
8 years$109,682$101,258$93,442$86,197$79,491$56,691
9 years$96,508$88,163$80,481$73,421$66,943$45,442
10 years$85,975$77,712$70,165$63,290$57,039$36,804
11 years$77,362$69,182$61,772$55,081$49,055$30,046
12 years$70,191$62,094$54,821$48,313$42,510$24,685
13 years$64,127$56,115$48,979$42,653$37,070$20,382
14 years$58,934$51,007$44,008$37,863$32,495$16,898
15 years$54,437$46,596$39,733$33,767$28,611$14,055
16 years$50,506$42,751$36,024$30,235$25,287$11,723
17 years$47,042$39,372$32,781$27,166$22,421$9,799
18 years$43,965$36,381$29,924$24,482$19,936$8,206
19 years$41,216$33,718$27,394$22,121$17,769$6,882
20 years$38,745$31,332$25,141$20,035$15,872$5,779
21 years$36,512$29,185$23,125$18,183$14,203$4,858
22 years$34,485$27,243$21,313$16,533$12,731$4,087
23 years$32,637$25,480$19,679$15,057$11,428$3,442
24 years$30,945$23,873$18,200$13,733$10,272$2,900
25 years$29,391$22,404$16,857$12,541$9,243$2,444
26 years$27,959$21,056$15,634$11,467$8,326$2,061
27 years$26,635$19,816$14,517$10,496$7,507$1,739
28 years$25,408$18,672$13,496$9,617$6,773$1,468
29 years$24,268$17,615$12,559$8,819$6,116$1,239
30 years$23,205$16,636$11,698$8,093$5,526$1,046
31 years$22,214$15,726$10,906$7,433$4,996$883
32 years$21,286$14,880$10,175$6,831$4,520$746
33 years$20,416$14,092$9,501$6,282$4,090$630
34 years$19,599$13,356$8,877$5,780$3,703$532
35 years$18,830$12,668$8,299$5,321$3,354$450
36 years$18,106$12,024$7,764$4,900$3,039$380
37 years$17,422$11,420$7,267$4,515$2,754$321
38 years$16,776$10,853$6,805$4,162$2,497$271
39 years$16,165$10,320$6,376$3,837$2,264$229
40 years$15,586$9,819$5,976$3,539$2,054$194
41 years$15,036$9,346$5,603$3,265$1,863$164
42 years$14,514$8,901$5,256$3,014$1,691$138
43 years$14,017$8,481$4,932$2,782$1,535$117
44 years$13,545$8,084$4,630$2,569$1,393$99
45 years$13,095$7,709$4,347$2,372$1,264$84
46 years$12,665$7,354$4,083$2,191$1,148$71
47 years$12,255$7,018$3,836$2,024$1,043$60
48 years$11,863$6,700$3,605$1,871$947$50
49 years$11,489$6,398$3,388$1,729$860$43
50 years$11,130$6,111$3,185$1,598$781$36

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 $5,232 every year, while hoping to spend $43,054 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: 46/32/22 Blend
69$11,400,000$11,400,000$11,400,000$11,400,000
70$12,568,197$11,963,997$11,787,297$13,066,845
71$13,804,344$12,504,424$12,136,362$13,957,833
72$15,165,135$13,069,888$12,495,678$14,919,259
73$16,663,238$13,661,572$12,865,543$15,961,494
74$18,312,612$14,280,713$13,246,263$17,092,100
75$20,128,639$14,928,609$13,638,153$18,319,381
76$22,128,267$15,606,617$14,041,538$19,652,458
77$24,330,172$16,316,163$14,456,751$21,101,353
78$26,754,934$17,058,739$14,884,136$22,677,077
79$29,425,228$17,835,908$15,324,045$24,391,730
80$32,366,042$18,649,309$15,776,842$26,258,612
81$35,604,913$19,500,659$16,242,901$28,292,343
82$39,172,180$20,391,758$16,722,604$30,508,994
83$43,101,279$21,324,491$17,216,348$32,926,237
84$47,429,052$22,300,834$17,724,538$35,563,504
85$52,196,099$23,322,858$18,247,594$38,442,167
86$57,447,157$24,392,734$18,785,944$41,585,730
87$63,231,525$25,512,736$19,340,031$45,020,047
88$69,603,529$26,685,248$19,910,310$48,773,563
89$76,623,032$27,912,768$20,497,249$52,877,566
90$84,356,002$29,197,915$21,101,328$57,366,488
91$92,875,135$30,543,433$21,723,043$62,278,211
92$102,260,536$31,952,199$22,362,902$67,654,426
93$112,600,480$33,427,226$23,021,429$73,541,010
94$123,992,243$34,971,674$23,699,161$79,988,459
95$136,543,022$36,588,856$24,396,652$87,052,350
96$150,370,942$38,282,242$25,114,472$94,793,858
97$165,606,177$40,055,471$25,853,206$103,280,326
98$182,392,174$41,912,356$26,613,456$112,585,887
99$200,887,009$43,856,894$27,395,840$122,792,155
100$221,264,878$45,893,277$28,200,995$133,988,986