Can I retire at age 70 with 11,500,000?

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 $11,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$949,659$941,200$932,947$924,892$917,026$899,984
2 years$470,128$461,373$452,887$444,660$436,679$419,573
3 years$310,306$301,512$293,048$284,898$277,047$260,410
4 years$230,410$221,643$213,264$205,253$197,592$181,553
5 years$182,485$173,771$165,501$157,654$150,207$134,810
6 years$150,546$141,897$133,750$126,077$118,853$104,117
7 years$127,741$119,165$111,147$103,655$96,660$82,588
8 years$110,645$102,146$94,261$86,953$80,188$66,777
9 years$97,355$88,937$81,187$74,065$67,530$54,771
10 years$86,729$78,393$70,781$63,845$57,539$45,421
11 years$78,041$69,789$62,314$55,564$49,486$37,994
12 years$70,806$62,639$55,302$48,737$42,883$32,003
13 years$64,689$56,607$49,409$43,028$37,395$27,108
14 years$59,451$51,454$44,394$38,195$32,780$23,068
15 years$54,914$47,005$40,082$34,063$28,862$19,706
16 years$50,949$43,126$36,340$30,500$25,509$16,888
17 years$47,454$39,717$33,068$27,404$22,618$14,511
18 years$44,351$36,701$30,187$24,697$20,111$12,497
19 years$41,578$34,014$27,635$22,315$17,925$10,784
20 years$39,085$31,607$25,362$20,211$16,011$9,321
21 years$36,832$29,441$23,328$18,343$14,328$8,067
22 years$34,787$27,482$21,500$16,678$12,843$6,991
23 years$32,923$25,703$19,852$15,189$11,529$6,065
24 years$31,216$24,082$18,359$13,853$10,362$5,266
25 years$29,649$22,600$17,005$12,651$9,324$4,575
26 years$28,204$21,240$15,771$11,568$8,399$3,978
27 years$26,869$19,990$14,645$10,588$7,572$3,461
28 years$25,631$18,836$13,614$9,701$6,833$3,013
29 years$24,481$17,770$12,669$8,896$6,170$2,624
30 years$23,409$16,782$11,801$8,164$5,575$2,285
31 years$22,408$15,864$11,002$7,498$5,040$1,992
32 years$21,472$15,011$10,265$6,891$4,559$1,736
33 years$20,595$14,215$9,584$6,337$4,126$1,514
34 years$19,771$13,473$8,955$5,831$3,736$1,320
35 years$18,995$12,779$8,372$5,367$3,384$1,151
36 years$18,265$12,129$7,832$4,943$3,066$1,004
37 years$17,575$11,520$7,331$4,555$2,779$876
38 years$16,923$10,948$6,865$4,198$2,519$765
39 years$16,307$10,410$6,432$3,871$2,284$667
40 years$15,722$9,905$6,028$3,570$2,072$583
41 years$15,168$9,428$5,653$3,294$1,880$508
42 years$14,641$8,979$5,302$3,040$1,706$444
43 years$14,140$8,555$4,976$2,806$1,548$387
44 years$13,664$8,155$4,670$2,591$1,405$338
45 years$13,209$7,777$4,385$2,393$1,276$295
46 years$12,776$7,419$4,119$2,210$1,158$258
47 years$12,363$7,080$3,870$2,042$1,052$225
48 years$11,967$6,758$3,636$1,887$955$197
49 years$11,590$6,454$3,418$1,744$867$172
50 years$11,228$6,165$3,213$1,612$788$150

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,500,000, adding $3,020 every year, while hoping to spend $55,355 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: 70/16/14 Blend
69$11,500,000$11,500,000$11,500,000$11,500,000
70$12,676,115$12,066,615$11,888,365$13,523,482
71$13,910,182$12,598,982$12,227,728$14,619,100
72$15,268,268$13,155,580$12,576,604$15,810,782
73$16,762,965$13,737,537$12,935,254$17,113,521
74$18,408,147$14,346,036$13,303,945$18,538,256
75$20,219,101$14,982,315$13,682,951$20,097,029
76$22,212,673$15,647,672$14,072,553$21,803,091
77$24,407,422$16,343,465$14,473,040$23,671,031
78$26,823,801$17,071,116$14,884,709$25,716,907
79$29,484,346$17,832,118$15,307,864$27,958,398
80$32,413,889$18,628,031$15,742,817$30,414,966
81$35,639,792$19,460,491$16,189,888$33,108,040
82$39,192,208$20,331,212$16,649,406$36,061,215
83$43,104,360$21,241,989$17,121,708$39,300,471
84$47,412,860$22,194,702$17,607,141$42,854,414
85$52,158,051$23,191,321$18,106,059$46,754,549
86$57,384,387$24,233,911$18,618,827$51,035,565
87$63,140,855$25,324,633$19,145,818$55,735,670
88$69,481,436$26,465,753$19,687,417$60,896,939
89$76,465,613$27,659,645$20,244,015$66,565,714
90$84,158,933$28,908,796$20,816,018$72,793,034
91$92,633,627$30,215,810$21,403,838$79,635,115
92$101,969,291$31,583,419$22,007,900$87,153,876
93$112,253,634$33,014,481$22,628,640$95,417,522
94$123,583,309$34,511,996$23,266,504$104,501,177
95$136,064,825$36,079,102$23,921,950$114,487,595
96$149,815,551$37,719,091$24,595,448$125,467,937
97$164,964,821$39,435,411$25,287,481$137,542,620
98$181,655,162$41,231,675$25,998,540$150,822,266
99$200,043,632$43,111,671$26,729,135$165,428,739
100$220,303,304$45,079,364$27,479,782$181,496,291