Can I retire at age 70 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$974,433$965,753$957,285$949,019$940,949$907,563
2 years$482,393$473,408$464,701$456,259$448,071$414,791
3 years$318,401$309,378$300,693$292,330$284,274$252,147
4 years$236,421$227,425$218,827$210,607$202,747$172,017
5 years$187,245$178,304$169,819$161,766$154,125$124,873
6 years$154,473$145,599$137,239$129,366$121,954$94,201
7 years$131,073$122,274$114,046$106,359$99,181$72,923
8 years$113,531$104,811$96,720$89,222$82,280$57,494
9 years$99,894$91,257$83,305$75,997$69,292$45,946
10 years$88,992$80,438$72,627$65,510$59,040$37,094
11 years$80,077$71,610$63,940$57,014$50,777$30,186
12 years$72,653$64,273$56,745$50,009$44,002$24,717
13 years$66,377$58,084$50,698$44,150$38,370$20,339
14 years$61,001$52,797$45,552$39,192$33,635$16,803
15 years$56,347$48,231$41,128$34,952$29,615$13,927
16 years$52,278$44,251$37,288$31,296$26,174$11,574
17 years$48,692$40,753$33,931$28,119$23,208$9,639
18 years$45,508$37,658$30,974$25,341$20,635$8,042
19 years$42,662$34,901$28,356$22,898$18,393$6,719
20 years$40,104$32,432$26,023$20,738$16,429$5,621
21 years$37,793$30,209$23,936$18,821$14,702$4,707
22 years$35,695$28,199$22,061$17,113$13,178$3,945
23 years$33,782$26,374$20,370$15,585$11,829$3,308
24 years$32,031$24,711$18,838$14,214$10,633$2,776
25 years$30,422$23,190$17,448$12,981$9,568$2,331
26 years$28,940$21,795$16,182$11,870$8,618$1,958
27 years$27,570$20,511$15,027$10,864$7,770$1,645
28 years$26,300$19,328$13,969$9,954$7,011$1,383
29 years$25,119$18,233$13,000$9,128$6,331$1,162
30 years$24,020$17,219$12,109$8,377$5,720$977
31 years$22,993$16,278$11,289$7,694$5,172$822
32 years$22,033$15,402$10,532$7,071$4,678$691
33 years$21,132$14,586$9,834$6,502$4,234$582
34 years$20,286$13,825$9,188$5,983$3,833$489
35 years$19,491$13,112$8,591$5,507$3,472$412
36 years$18,741$12,446$8,036$5,072$3,146$346
37 years$18,034$11,820$7,522$4,673$2,851$291
38 years$17,365$11,234$7,044$4,308$2,585$245
39 years$16,732$10,682$6,599$3,972$2,344$206
40 years$16,132$10,163$6,186$3,663$2,126$174
41 years$15,564$9,674$5,800$3,380$1,929$146
42 years$15,023$9,213$5,441$3,119$1,750$123
43 years$14,509$8,779$5,105$2,879$1,588$104
44 years$14,020$8,368$4,792$2,659$1,442$87
45 years$13,554$7,979$4,500$2,455$1,309$73
46 years$13,109$7,612$4,226$2,268$1,188$62
47 years$12,685$7,264$3,971$2,095$1,079$52
48 years$12,280$6,935$3,731$1,936$980$44
49 years$11,892$6,622$3,507$1,789$890$37
50 years$11,521$6,326$3,297$1,654$808$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,800,000, adding $4,282 every year, while hoping to spend $56,821 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: 62/20/18 Blend
69$11,800,000$11,800,000$11,800,000$11,800,000
70$13,008,017$12,382,617$12,199,717$13,754,635
71$14,274,378$12,928,908$12,547,950$14,804,386
72$15,668,003$13,500,063$12,905,945$15,943,143
73$17,201,813$14,097,240$13,273,968$17,185,010
74$18,890,046$14,721,653$13,652,294$18,540,020
75$20,748,388$15,374,572$14,041,204$20,019,211
76$22,794,125$16,057,327$14,440,986$21,634,724
77$25,046,304$16,771,314$14,851,937$23,399,923
78$27,525,911$17,517,993$15,274,361$25,329,507
79$30,256,072$18,298,892$15,708,570$27,439,658
80$33,262,269$19,115,615$16,154,884$29,748,181
81$36,572,580$19,969,840$16,613,633$32,274,675
82$40,217,946$20,863,325$17,085,152$35,040,710
83$44,232,461$21,797,912$17,569,789$38,070,032
84$48,653,693$22,775,531$18,067,898$41,388,781
85$53,523,040$23,798,203$18,579,843$45,025,733
86$58,886,121$24,868,046$19,105,999$49,012,571
87$64,793,205$25,987,279$19,646,749$53,384,177
88$71,299,682$27,158,227$20,202,486$58,178,958
89$78,466,594$28,383,324$20,773,613$63,439,206
90$86,361,202$29,665,123$21,360,545$69,211,490
91$95,057,628$31,006,297$21,963,706$75,547,092
92$104,637,548$32,409,647$22,583,533$82,502,486
93$115,190,967$33,878,109$23,220,470$90,139,865
94$126,817,067$35,414,758$23,874,977$98,527,727
95$139,625,143$37,022,816$24,547,524$107,741,508
96$153,735,634$38,705,660$25,238,592$117,864,297
97$169,281,259$40,466,829$25,948,676$128,987,607
98$186,408,273$42,310,029$26,678,282$141,212,238
99$205,277,843$44,239,146$27,427,931$154,649,216
100$226,067,571$46,258,252$28,198,154$169,420,842