Can I retire at age 70 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$957,917$949,385$941,060$932,934$925,000$907,438
2 years$474,216$465,385$456,825$448,526$440,476$422,851
3 years$313,004$304,134$295,596$287,375$279,456$262,317
4 years$232,413$223,571$215,118$207,038$199,311$182,790
5 years$184,072$175,282$166,941$159,025$151,513$135,658
6 years$151,855$143,131$134,913$127,173$119,887$104,715
7 years$128,851$120,201$112,113$104,556$97,500$83,015
8 years$111,607$103,035$95,081$87,710$80,886$67,084
9 years$98,201$89,710$81,893$74,709$68,118$54,990
10 years$87,483$79,075$71,396$64,400$58,040$45,574
11 years$78,720$70,396$62,856$56,047$49,916$38,099
12 years$71,422$63,184$55,783$49,161$43,256$32,070
13 years$65,252$57,100$49,839$43,402$37,720$27,147
14 years$59,968$51,902$44,780$38,527$33,065$23,086
15 years$55,392$47,413$40,431$34,360$29,113$19,707
16 years$51,392$43,501$36,656$30,765$25,730$16,877
17 years$47,867$40,063$33,356$27,642$22,814$14,491
18 years$44,737$37,020$30,449$24,911$20,285$12,471
19 years$41,939$34,309$27,875$22,509$18,081$10,754
20 years$39,425$31,882$25,582$20,387$16,150$9,288
21 years$37,153$29,697$23,531$18,502$14,453$8,033
22 years$35,090$27,721$21,687$16,823$12,955$6,956
23 years$33,209$25,927$20,024$15,321$11,629$6,029
24 years$31,488$24,292$18,519$13,973$10,452$5,231
25 years$29,907$22,797$17,152$12,761$9,405$4,541
26 years$28,449$21,425$15,908$11,668$8,472$3,946
27 years$27,102$20,164$14,772$10,680$7,638$3,430
28 years$25,854$19,000$13,732$9,785$6,892$2,983
29 years$24,694$17,924$12,779$8,973$6,223$2,596
30 years$23,613$16,928$11,903$8,235$5,623$2,259
31 years$22,603$16,002$11,097$7,564$5,084$1,967
32 years$21,659$15,141$10,354$6,951$4,599$1,713
33 years$20,774$14,339$9,667$6,392$4,162$1,493
34 years$19,943$13,590$9,033$5,881$3,768$1,301
35 years$19,160$12,890$8,445$5,414$3,413$1,133
36 years$18,423$12,235$7,900$4,986$3,092$988
37 years$17,728$11,620$7,394$4,594$2,803$861
38 years$17,071$11,043$6,924$4,235$2,541$751
39 years$16,449$10,501$6,487$3,904$2,304$655
40 years$15,859$9,991$6,081$3,601$2,090$571
41 years$15,300$9,510$5,702$3,323$1,896$498
42 years$14,768$9,057$5,348$3,066$1,720$434
43 years$14,263$8,630$5,019$2,831$1,561$379
44 years$13,782$8,226$4,711$2,614$1,417$330
45 years$13,324$7,844$4,423$2,414$1,287$288
46 years$12,887$7,483$4,155$2,230$1,168$251
47 years$12,470$7,141$3,903$2,060$1,061$219
48 years$12,072$6,817$3,668$1,903$963$191
49 years$11,690$6,510$3,448$1,759$875$167
50 years$11,326$6,219$3,241$1,626$795$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,600,000, adding $2,619 every year, while hoping to spend $28,523 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: 69/24/7 Blend
69$11,600,000$11,600,000$11,600,000$11,600,000
70$12,785,901$12,171,101$11,991,301$13,653,623
71$14,059,715$12,737,137$12,362,662$14,794,369
72$15,462,502$13,329,953$12,745,507$16,038,045
73$17,007,387$13,950,830$13,140,191$17,397,693
74$18,708,833$14,601,113$13,547,080$18,884,676
75$20,582,777$15,282,211$13,966,550$20,511,494
76$22,646,782$15,995,601$14,398,991$22,291,901
77$24,920,198$16,742,830$14,844,802$24,241,031
78$27,424,352$17,525,522$15,304,396$26,375,536
79$30,182,741$18,345,378$15,778,199$28,713,745
80$33,221,261$19,204,182$16,266,649$31,275,828
81$36,568,446$20,103,804$16,770,198$34,083,985
82$40,255,741$21,046,203$17,289,313$37,162,654
83$44,317,795$22,033,435$17,824,474$40,538,734
84$48,792,791$23,067,655$18,376,175$44,241,837
85$53,722,807$24,151,121$18,944,927$48,304,563
86$59,154,208$25,286,201$19,531,257$52,762,802
87$65,138,090$26,475,377$20,135,707$57,656,071
88$71,730,758$27,721,253$20,758,836$63,027,878
89$78,994,258$29,026,558$21,401,220$68,926,132
90$86,996,964$30,394,151$22,063,453$75,403,586
91$95,814,223$31,827,034$22,746,148$82,518,331
92$105,529,066$33,328,350$23,449,935$90,334,339
93$116,232,988$34,901,396$24,175,466$98,922,062
94$128,026,819$36,549,631$24,923,410$108,359,085
95$141,021,670$38,276,679$25,694,460$118,730,857
96$155,339,984$40,086,339$26,489,327$130,131,491
97$171,116,690$41,982,597$27,308,747$142,664,641
98$188,500,478$43,969,631$28,153,477$156,444,475
99$207,655,205$46,051,820$29,024,296$171,596,744
100$228,761,435$48,233,759$29,922,009$188,259,962