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%16.9%
1 years$982,691$973,938$965,398$957,062$948,923$922,244
2 years$486,481$477,420$468,640$460,126$451,868$425,193
3 years$321,099$311,999$303,241$294,807$286,684$260,848
4 years$238,424$229,353$220,682$212,392$204,465$179,667
5 years$188,832$179,815$171,258$163,137$155,431$131,739
6 years$155,782$146,833$138,402$130,462$122,987$100,422
7 years$132,184$123,310$115,013$107,260$100,022$78,585
8 years$114,493$105,699$97,540$89,978$82,978$62,657
9 years$100,741$92,030$84,011$76,641$69,879$50,655
10 years$89,746$81,120$73,243$66,065$59,541$41,387
11 years$80,756$72,217$64,482$57,497$51,207$34,095
12 years$73,269$64,818$57,226$50,432$44,375$28,272
13 years$66,939$58,576$51,128$44,524$38,696$23,567
14 years$61,518$53,244$45,938$39,524$33,920$19,728
15 years$56,825$48,640$41,476$35,248$29,866$16,573
16 years$52,721$44,626$37,604$31,561$26,396$13,962
17 years$49,105$41,099$34,218$28,357$23,404$11,791
18 years$45,894$37,977$31,237$25,556$20,810$9,977
19 years$43,024$35,197$28,596$23,092$18,548$8,457
20 years$40,444$32,707$26,244$20,914$16,568$7,178
21 years$38,113$30,465$24,139$18,981$14,826$6,100
22 years$35,997$28,438$22,248$17,258$13,290$5,188
23 years$34,068$26,597$20,542$15,717$11,930$4,417
24 years$32,302$24,920$18,998$14,335$10,723$3,763
25 years$30,680$23,386$17,596$13,091$9,649$3,208
26 years$29,185$21,979$16,319$11,970$8,691$2,736
27 years$27,803$20,685$15,154$10,957$7,836$2,335
28 years$26,523$19,491$14,088$10,039$7,070$1,993
29 years$25,332$18,388$13,110$9,206$6,384$1,701
30 years$24,223$17,365$12,211$8,448$5,769$1,453
31 years$23,188$16,416$11,384$7,759$5,215$1,241
32 years$22,219$15,533$10,622$7,131$4,718$1,061
33 years$21,311$14,710$9,917$6,557$4,270$907
34 years$20,458$13,942$9,266$6,033$3,866$775
35 years$19,656$13,223$8,663$5,554$3,501$662
36 years$18,900$12,551$8,104$5,115$3,172$566
37 years$18,186$11,921$7,586$4,713$2,875$484
38 years$17,512$11,329$7,104$4,344$2,607$414
39 years$16,874$10,773$6,655$4,005$2,364$354
40 years$16,269$10,249$6,238$3,694$2,144$303
41 years$15,695$9,756$5,849$3,409$1,945$259
42 years$15,150$9,292$5,487$3,146$1,765$221
43 years$14,632$8,853$5,149$2,904$1,602$189
44 years$14,139$8,439$4,833$2,681$1,454$162
45 years$13,669$8,047$4,538$2,476$1,320$139
46 years$13,221$7,677$4,262$2,287$1,198$118
47 years$12,793$7,326$4,004$2,113$1,088$101
48 years$12,384$6,994$3,763$1,953$988$87
49 years$11,993$6,678$3,537$1,805$898$74
50 years$11,619$6,379$3,325$1,668$815$63

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 $6,229 every year, while hoping to spend $20,182 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: 45/35/20 Blend
69$11,900,000$11,900,000$11,900,000$11,900,000
70$13,120,225$12,489,525$12,305,075$13,634,860
71$14,437,015$13,080,038$12,695,822$14,587,376
72$15,887,440$13,698,810$13,098,982$15,617,204
73$17,485,112$14,347,205$13,514,950$16,733,577
74$19,245,026$15,026,650$13,944,134$17,944,539
75$21,183,709$15,738,646$14,386,952$19,258,924
76$23,319,371$16,484,765$14,843,840$20,686,428
77$25,672,082$17,266,653$15,315,243$22,237,702
78$28,263,954$18,086,039$15,801,624$23,924,440
79$31,119,357$18,944,734$16,303,458$25,759,492
80$34,265,144$19,844,639$16,821,236$27,756,973
81$37,730,907$20,787,744$17,355,466$29,932,394
82$41,549,256$21,776,140$17,906,670$32,302,801
83$45,756,124$22,812,015$18,475,388$34,886,929
84$50,391,112$23,897,667$19,062,177$37,705,374
85$55,497,856$25,035,504$19,667,610$40,780,779
86$61,124,444$26,228,050$20,292,282$44,138,040
87$67,323,867$27,477,954$20,936,803$47,804,534
88$74,154,520$28,787,992$21,601,805$51,810,369
89$81,680,754$30,161,077$22,287,938$56,188,659
90$89,973,481$31,600,260$22,995,874$60,975,832
91$99,110,848$33,108,744$23,726,307$66,211,957
92$109,178,968$34,689,885$24,479,952$71,941,120
93$120,272,738$36,347,206$25,257,546$78,211,825
94$132,496,735$38,084,397$26,059,851$85,077,445
95$145,966,199$39,905,329$26,887,654$92,596,711
96$160,808,125$41,814,064$27,741,764$100,834,258
97$177,162,459$43,814,858$28,623,017$109,861,221
98$195,183,419$45,912,175$29,532,278$119,755,895
99$215,040,955$48,110,699$30,470,436$130,604,461
100$236,922,347$50,415,338$31,438,411$142,501,785