Can I retire at age 70 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$990,949$982,122$973,510$965,105$956,897$942,986
2 years$490,569$481,432$472,578$463,993$455,665$441,680
3 years$323,797$314,621$305,789$297,285$289,093$275,467
4 years$240,428$231,280$222,536$214,177$206,183$193,023
5 years$190,419$181,326$172,697$164,508$156,737$144,080
6 years$157,091$148,067$139,565$131,559$124,021$111,881
7 years$133,294$124,346$115,979$108,162$100,862$89,245
8 years$115,455$106,588$98,360$90,734$83,675$72,578
9 years$101,588$92,804$84,717$77,285$70,466$59,885
10 years$90,500$81,802$73,858$66,621$60,041$49,966
11 years$81,434$72,823$65,024$57,980$51,637$42,059
12 years$73,885$65,362$57,707$50,856$44,748$35,656
13 years$67,502$59,068$51,557$44,898$39,021$30,402
14 years$62,035$53,692$46,324$39,856$34,205$26,046
15 years$57,302$49,048$41,825$35,544$30,117$22,403
16 years$53,165$45,001$37,920$31,826$26,618$19,333
17 years$49,518$41,444$34,506$28,595$23,601$16,732
18 years$46,279$38,296$31,499$25,770$20,985$14,515
19 years$43,385$35,493$28,836$23,286$18,704$12,617
20 years$40,784$32,981$26,464$21,090$16,707$10,987
21 years$38,434$30,721$24,342$19,140$14,951$9,582
22 years$36,300$28,677$22,435$17,403$13,401$8,367
23 years$34,354$26,821$20,715$15,849$12,030$7,315
24 years$32,574$25,129$19,158$14,455$10,813$6,401
25 years$30,938$23,583$17,744$13,201$9,730$5,606
26 years$29,430$22,164$16,457$12,071$8,764$4,914
27 years$28,037$20,859$15,281$11,049$7,902$4,309
28 years$26,745$19,655$14,206$10,123$7,130$3,782
29 years$25,545$18,542$13,220$9,283$6,438$3,320
30 years$24,427$17,511$12,314$8,519$5,817$2,916
31 years$23,383$16,554$11,480$7,824$5,259$2,562
32 years$22,406$15,663$10,711$7,191$4,757$2,252
33 years$21,490$14,834$10,001$6,613$4,305$1,980
34 years$20,630$14,059$9,344$6,084$3,898$1,741
35 years$19,821$13,335$8,736$5,601$3,531$1,532
36 years$19,059$12,656$8,172$5,158$3,199$1,348
37 years$18,339$12,021$7,649$4,753$2,899$1,186
38 years$17,659$11,424$7,163$4,381$2,629$1,044
39 years$17,016$10,863$6,711$4,039$2,384$919
40 years$16,406$10,335$6,290$3,725$2,162$809
41 years$15,827$9,838$5,898$3,437$1,961$712
42 years$15,278$9,370$5,533$3,172$1,780$627
43 years$14,755$8,927$5,192$2,928$1,615$552
44 years$14,258$8,510$4,873$2,704$1,466$486
45 years$13,784$8,115$4,576$2,497$1,331$428
46 years$13,332$7,741$4,298$2,307$1,209$377
47 years$12,900$7,387$4,038$2,131$1,097$332
48 years$12,488$7,052$3,794$1,969$997$292
49 years$12,094$6,735$3,567$1,820$905$258
50 years$11,716$6,433$3,353$1,682$822$227

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,000,000, adding $3,759 every year, while hoping to spend $23,882 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: 55/26/19 Blend
69$12,000,000$12,000,000$12,000,000$12,000,000
70$13,227,877$12,591,877$12,405,877$13,887,514
71$14,551,711$13,183,469$12,796,064$14,930,061
72$16,009,774$13,803,248$13,198,521$16,061,921
73$17,615,735$14,452,571$13,613,636$17,293,966
74$19,384,652$15,132,859$14,041,804$18,635,790
75$21,333,120$15,845,603$14,483,438$20,097,938
76$23,479,426$16,592,365$14,938,961$21,692,002
77$25,843,720$17,374,784$15,408,809$23,430,730
78$28,448,208$18,194,577$15,893,433$25,328,136
79$31,317,359$19,053,545$16,393,297$27,399,634
80$34,478,138$19,953,577$16,908,881$29,662,177
81$37,960,259$20,896,652$17,440,678$32,134,410
82$41,796,464$21,884,847$17,989,200$34,836,847
83$46,022,836$22,920,337$18,554,971$37,792,053
84$50,679,137$24,005,405$19,138,534$41,024,857
85$55,809,182$25,142,444$19,740,448$44,562,578
86$61,461,257$26,333,961$20,361,291$48,435,280
87$67,688,568$27,582,589$21,001,658$52,676,046
88$74,549,751$28,891,085$21,662,162$57,321,287
89$82,109,418$30,262,340$22,343,437$62,411,078
90$90,438,773$31,699,389$23,046,136$67,989,531
91$99,616,278$33,205,410$23,770,932$74,105,202
92$109,728,401$34,783,737$24,518,521$80,811,545
93$120,870,425$36,437,868$25,289,619$88,167,406
94$133,147,352$38,171,467$26,084,965$96,237,570
95$146,674,893$39,988,379$26,905,321$105,093,369
96$161,580,557$41,892,635$27,751,475$114,813,341
97$178,004,861$43,888,461$28,624,237$125,483,964
98$196,102,651$45,980,290$29,524,443$137,200,464
99$216,044,567$48,172,770$30,452,957$150,067,702
100$238,018,651$50,470,774$31,410,669$164,201,157