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%17.8%
1 years$949,659$941,200$932,947$924,892$917,026$888,027
2 years$470,128$461,373$452,887$444,660$436,679$407,726
3 years$310,306$301,512$293,048$284,898$277,047$249,048
4 years$230,410$221,643$213,264$205,253$197,592$170,762
5 years$182,485$173,771$165,501$157,654$150,207$124,617
6 years$150,546$141,897$133,750$126,077$118,853$94,526
7 years$127,741$119,165$111,147$103,655$96,660$73,593
8 years$110,645$102,146$94,261$86,953$80,188$58,367
9 years$97,355$88,937$81,187$74,065$67,530$46,929
10 years$86,729$78,393$70,781$63,845$57,539$38,127
11 years$78,041$69,789$62,314$55,564$49,486$31,228
12 years$70,806$62,639$55,302$48,737$42,883$25,741
13 years$64,689$56,607$49,409$43,028$37,395$21,327
14 years$59,451$51,454$44,394$38,195$32,780$17,742
15 years$54,914$47,005$40,082$34,063$28,862$14,810
16 years$50,949$43,126$36,340$30,500$25,509$12,397
17 years$47,454$39,717$33,068$27,404$22,618$10,400
18 years$44,351$36,701$30,187$24,697$20,111$8,742
19 years$41,578$34,014$27,635$22,315$17,925$7,360
20 years$39,085$31,607$25,362$20,211$16,011$6,204
21 years$36,832$29,441$23,328$18,343$14,328$5,235
22 years$34,787$27,482$21,500$16,678$12,843$4,422
23 years$32,923$25,703$19,852$15,189$11,529$3,738
24 years$31,216$24,082$18,359$13,853$10,362$3,162
25 years$29,649$22,600$17,005$12,651$9,324$2,676
26 years$28,204$21,240$15,771$11,568$8,399$2,266
27 years$26,869$19,990$14,645$10,588$7,572$1,919
28 years$25,631$18,836$13,614$9,701$6,833$1,626
29 years$24,481$17,770$12,669$8,896$6,170$1,378
30 years$23,409$16,782$11,801$8,164$5,575$1,169
31 years$22,408$15,864$11,002$7,498$5,040$991
32 years$21,472$15,011$10,265$6,891$4,559$840
33 years$20,595$14,215$9,584$6,337$4,126$713
34 years$19,771$13,473$8,955$5,831$3,736$605
35 years$18,995$12,779$8,372$5,367$3,384$513
36 years$18,265$12,129$7,832$4,943$3,066$435
37 years$17,575$11,520$7,331$4,555$2,779$369
38 years$16,923$10,948$6,865$4,198$2,519$313
39 years$16,307$10,410$6,432$3,871$2,284$266
40 years$15,722$9,905$6,028$3,570$2,072$226
41 years$15,168$9,428$5,653$3,294$1,880$192
42 years$14,641$8,979$5,302$3,040$1,706$163
43 years$14,140$8,555$4,976$2,806$1,548$138
44 years$13,664$8,155$4,670$2,591$1,405$117
45 years$13,209$7,777$4,385$2,393$1,276$99
46 years$12,776$7,419$4,119$2,210$1,158$84
47 years$12,363$7,080$3,870$2,042$1,052$72
48 years$11,967$6,758$3,636$1,887$955$61
49 years$11,590$6,454$3,418$1,744$867$52
50 years$11,228$6,165$3,213$1,612$788$44

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 $6,506 every year, while hoping to spend $35,591 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: 49/28/23 Blend
69$11,500,000$11,500,000$11,500,000$11,500,000
70$12,679,711$12,070,211$11,891,961$13,218,352
71$13,935,173$12,623,783$12,252,473$14,147,750
72$15,317,499$13,203,287$12,623,870$15,152,759
73$16,839,592$13,809,956$13,006,477$16,243,885
74$18,515,670$14,445,083$13,400,633$17,429,266
75$20,361,398$15,110,022$13,806,684$18,717,842
76$22,394,040$15,806,192$14,224,988$20,119,436
77$24,632,618$16,535,082$14,655,911$21,644,846
78$27,098,095$17,298,250$15,099,834$23,305,937
79$29,813,568$18,097,332$15,557,146$25,115,756
80$32,804,491$18,934,040$16,028,249$27,088,645
81$36,098,910$19,810,170$16,513,557$29,240,375
82$39,727,735$20,727,604$17,013,496$31,588,290
83$43,725,021$21,688,313$17,528,506$34,151,465
84$48,128,300$22,694,368$18,059,037$36,950,879
85$52,978,928$23,747,933$18,605,557$40,009,612
86$58,322,478$24,851,282$19,168,543$43,353,054
87$64,209,172$26,006,795$19,748,490$47,009,140
88$70,694,348$27,216,969$20,345,905$51,008,607
89$77,838,992$28,484,421$20,961,313$55,385,278
90$85,710,305$29,811,893$21,595,253$60,176,374
91$94,382,342$31,202,262$22,248,279$65,422,860
92$103,936,708$32,658,540$22,920,964$71,169,824
93$114,463,331$34,183,887$23,613,895$77,466,892
94$126,061,310$35,781,617$24,327,680$84,368,692
95$138,839,849$37,455,201$25,062,943$91,935,362
96$152,919,287$39,208,280$25,820,325$100,233,105
97$168,432,238$41,044,670$26,600,490$109,334,806
98$185,524,839$42,968,371$27,404,118$119,320,715
99$204,358,129$44,983,577$28,231,913$130,279,189
100$225,109,571$47,094,686$29,084,595$142,307,518