Can I retire at age 70 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$982,691$973,938$965,398$957,062$948,923$937,065
2 years$486,481$477,420$468,640$460,126$451,868$439,937
3 years$321,099$311,999$303,241$294,807$286,684$275,049
4 years$238,424$229,353$220,682$212,392$204,465$193,217
5 years$188,832$179,815$171,258$163,137$155,431$144,603
6 years$155,782$146,833$138,402$130,462$122,987$112,591
7 years$132,184$123,310$115,013$107,260$100,022$90,062
8 years$114,493$105,699$97,540$89,978$82,978$73,453
9 years$100,741$92,030$84,011$76,641$69,879$60,786
10 years$89,746$81,120$73,243$66,065$59,541$50,873
11 years$80,756$72,217$64,482$57,497$51,207$42,956
12 years$73,269$64,818$57,226$50,432$44,375$36,532
13 years$66,939$58,576$51,128$44,524$38,696$31,251
14 years$61,518$53,244$45,938$39,524$33,920$26,863
15 years$56,825$48,640$41,476$35,248$29,866$23,185
16 years$52,721$44,626$37,604$31,561$26,396$20,078
17 years$49,105$41,099$34,218$28,357$23,404$17,437
18 years$45,894$37,977$31,237$25,556$20,810$15,181
19 years$43,024$35,197$28,596$23,092$18,548$13,245
20 years$40,444$32,707$26,244$20,914$16,568$11,576
21 years$38,113$30,465$24,139$18,981$14,826$10,134
22 years$35,997$28,438$22,248$17,258$13,290$8,883
23 years$34,068$26,597$20,542$15,717$11,930$7,796
24 years$32,302$24,920$18,998$14,335$10,723$6,848
25 years$30,680$23,386$17,596$13,091$9,649$6,022
26 years$29,185$21,979$16,319$11,970$8,691$5,299
27 years$27,803$20,685$15,154$10,957$7,836$4,666
28 years$26,523$19,491$14,088$10,039$7,070$4,111
29 years$25,332$18,388$13,110$9,206$6,384$3,624
30 years$24,223$17,365$12,211$8,448$5,769$3,196
31 years$23,188$16,416$11,384$7,759$5,215$2,820
32 years$22,219$15,533$10,622$7,131$4,718$2,489
33 years$21,311$14,710$9,917$6,557$4,270$2,197
34 years$20,458$13,942$9,266$6,033$3,866$1,940
35 years$19,656$13,223$8,663$5,554$3,501$1,714
36 years$18,900$12,551$8,104$5,115$3,172$1,514
37 years$18,186$11,921$7,586$4,713$2,875$1,338
38 years$17,512$11,329$7,104$4,344$2,607$1,183
39 years$16,874$10,773$6,655$4,005$2,364$1,046
40 years$16,269$10,249$6,238$3,694$2,144$924
41 years$15,695$9,756$5,849$3,409$1,945$817
42 years$15,150$9,292$5,487$3,146$1,765$723
43 years$14,632$8,853$5,149$2,904$1,602$639
44 years$14,139$8,439$4,833$2,681$1,454$565
45 years$13,669$8,047$4,538$2,476$1,320$500
46 years$13,221$7,677$4,262$2,287$1,198$442
47 years$12,793$7,326$4,004$2,113$1,088$391
48 years$12,384$6,994$3,763$1,953$988$346
49 years$11,993$6,678$3,537$1,805$898$306
50 years$11,619$6,379$3,325$1,668$815$271

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,900,000, adding $6,527 every year, while hoping to spend $22,595 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: 77/14/9 Blend
69$11,900,000$11,900,000$11,900,000$11,900,000
70$13,120,533$12,489,833$12,305,383$14,111,543
71$14,434,786$13,077,793$12,693,572$15,351,916
72$15,882,336$13,693,807$13,094,008$16,708,002
73$17,476,755$14,339,224$13,507,078$18,194,207
74$19,232,999$15,015,461$13,933,180$19,823,467
75$21,167,549$15,724,003$14,372,726$21,610,024
76$23,298,565$16,466,405$14,826,139$23,569,556
77$25,646,061$17,244,301$15,293,856$25,719,325
78$28,232,089$18,059,402$15,776,331$28,078,337
79$31,080,951$18,913,502$16,274,027$30,667,520
80$34,219,427$19,808,482$16,787,425$33,509,918
81$37,677,026$20,746,315$17,317,021$36,630,908
82$41,486,267$21,729,069$17,863,326$40,058,435
83$45,682,986$22,758,913$18,426,867$43,823,274
84$50,306,671$23,838,121$19,008,188$47,959,317
85$55,400,839$24,969,076$19,607,850$52,503,892
86$61,013,443$26,154,279$20,226,431$57,498,111
87$67,197,327$27,396,352$20,864,530$62,987,254
88$74,010,723$28,698,042$21,522,760$69,021,194
89$81,517,802$30,062,231$22,201,758$75,654,867
90$89,789,281$31,491,943$22,902,179$82,948,781
91$98,903,084$32,990,345$23,624,700$90,969,589
92$108,945,088$34,560,761$24,370,016$99,790,712
93$120,009,923$36,206,675$25,138,848$109,493,028
94$132,201,874$37,931,740$25,931,938$120,165,630
95$145,635,858$39,739,788$26,750,050$131,906,666
96$160,438,514$41,634,837$27,593,976$144,824,258
97$176,749,397$43,621,098$28,464,528$159,037,516
98$194,722,293$45,702,990$29,362,548$174,677,664
99$214,526,676$47,885,145$30,288,902$191,889,266
100$236,349,301$50,172,421$31,244,484$210,831,588