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%15.7%
1 years$974,433$965,753$957,285$949,019$940,949$918,948
2 years$482,393$473,408$464,701$456,259$448,071$426,031
3 years$318,401$309,378$300,693$292,330$284,274$262,883
4 years$236,421$227,425$218,827$210,607$202,747$182,170
5 years$187,245$178,304$169,819$161,766$154,125$134,419
6 years$154,473$145,599$137,239$129,366$121,954$103,139
7 years$131,073$122,274$114,046$106,359$99,181$81,261
8 years$113,531$104,811$96,720$89,222$82,280$65,247
9 years$99,894$91,257$83,305$75,997$69,292$53,133
10 years$88,992$80,438$72,627$65,510$59,040$43,737
11 years$80,077$71,610$63,940$57,014$50,777$36,309
12 years$72,653$64,273$56,745$50,009$44,002$30,346
13 years$66,377$58,084$50,698$44,150$38,370$25,500
14 years$61,001$52,797$45,552$39,192$33,635$21,524
15 years$56,347$48,231$41,128$34,952$29,615$18,234
16 years$52,278$44,251$37,288$31,296$26,174$15,494
17 years$48,692$40,753$33,931$28,119$23,208$13,199
18 years$45,508$37,658$30,974$25,341$20,635$11,268
19 years$42,662$34,901$28,356$22,898$18,393$9,637
20 years$40,104$32,432$26,023$20,738$16,429$8,254
21 years$37,793$30,209$23,936$18,821$14,702$7,079
22 years$35,695$28,199$22,061$17,113$13,178$6,078
23 years$33,782$26,374$20,370$15,585$11,829$5,224
24 years$32,031$24,711$18,838$14,214$10,633$4,493
25 years$30,422$23,190$17,448$12,981$9,568$3,867
26 years$28,940$21,795$16,182$11,870$8,618$3,330
27 years$27,570$20,511$15,027$10,864$7,770$2,869
28 years$26,300$19,328$13,969$9,954$7,011$2,473
29 years$25,119$18,233$13,000$9,128$6,331$2,133
30 years$24,020$17,219$12,109$8,377$5,720$1,839
31 years$22,993$16,278$11,289$7,694$5,172$1,587
32 years$22,033$15,402$10,532$7,071$4,678$1,370
33 years$21,132$14,586$9,834$6,502$4,234$1,182
34 years$20,286$13,825$9,188$5,983$3,833$1,021
35 years$19,491$13,112$8,591$5,507$3,472$881
36 years$18,741$12,446$8,036$5,072$3,146$761
37 years$18,034$11,820$7,522$4,673$2,851$657
38 years$17,365$11,234$7,044$4,308$2,585$568
39 years$16,732$10,682$6,599$3,972$2,344$491
40 years$16,132$10,163$6,186$3,663$2,126$424
41 years$15,564$9,674$5,800$3,380$1,929$366
42 years$15,023$9,213$5,441$3,119$1,750$316
43 years$14,509$8,779$5,105$2,879$1,588$273
44 years$14,020$8,368$4,792$2,659$1,442$236
45 years$13,554$7,979$4,500$2,455$1,309$204
46 years$13,109$7,612$4,226$2,268$1,188$176
47 years$12,685$7,264$3,971$2,095$1,079$152
48 years$12,280$6,935$3,731$1,936$980$132
49 years$11,892$6,622$3,507$1,789$890$114
50 years$11,521$6,326$3,297$1,654$808$98

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 $6,781 every year, while hoping to spend $53,909 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: 53/30/17 Blend
69$11,800,000$11,800,000$11,800,000$11,800,000
70$13,010,595$12,385,195$12,202,295$13,639,950
71$14,280,316$12,934,710$12,553,713$14,621,010
72$15,677,743$13,509,346$12,915,097$15,681,657
73$17,215,844$14,110,274$13,286,723$16,834,544
74$18,908,908$14,738,726$13,668,877$18,088,454
75$20,772,682$15,395,989$14,061,849$19,453,042
76$22,824,516$16,083,412$14,465,941$20,938,917
77$25,083,526$16,802,409$14,881,460$22,557,745
78$27,570,779$17,554,461$15,308,723$24,322,351
79$30,309,488$18,341,119$15,748,054$26,246,837
80$33,325,229$19,164,007$16,199,787$28,346,713
81$36,646,187$20,024,828$16,664,264$30,639,036
82$40,303,419$20,925,365$17,141,838$33,142,569
83$44,331,147$21,867,487$17,632,869$35,877,951
84$48,767,082$22,853,152$18,137,728$38,867,888
85$53,652,778$23,884,411$18,656,796$42,137,364
86$59,034,026$24,963,412$19,190,463$45,713,868
87$64,961,285$26,092,406$19,739,132$49,627,649
88$71,490,156$27,273,754$20,303,212$53,911,999
89$78,681,910$28,509,927$20,883,129$58,603,555
90$86,604,066$29,803,515$21,479,315$63,742,644
91$95,331,025$31,157,231$22,092,216$69,373,652
92$104,944,775$32,573,920$22,722,290$75,545,442
93$115,535,661$34,056,562$23,370,006$82,311,800
94$127,203,243$35,608,277$24,035,846$89,731,944
95$140,057,230$37,232,340$24,720,304$97,871,067
96$154,218,522$38,932,179$25,423,888$106,800,949
97$169,820,342$40,711,386$26,147,118$116,600,625
98$187,009,500$42,573,728$26,890,531$127,357,119
99$205,947,779$44,523,150$27,654,673$139,166,260
100$226,813,456$46,563,788$28,440,108$152,133,574