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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.2%
1 years$990,949$982,122$973,510$965,105$956,897$928,871
2 years$490,569$481,432$472,578$463,993$455,665$427,657
3 years$323,797$314,621$305,789$297,285$289,093$261,980
4 years$240,428$231,280$222,536$214,177$206,183$180,174
5 years$190,419$181,326$172,697$164,508$156,737$131,902
6 years$157,091$148,067$139,565$131,559$124,021$100,382
7 years$133,294$124,346$115,979$108,162$100,862$78,419
8 years$115,455$106,588$98,360$90,734$83,675$62,414
9 years$101,588$92,804$84,717$77,285$70,466$50,367
10 years$90,500$81,802$73,858$66,621$60,041$41,075
11 years$81,434$72,823$65,024$57,980$51,637$33,773
12 years$73,885$65,362$57,707$50,856$44,748$27,949
13 years$67,502$59,068$51,557$44,898$39,021$23,250
14 years$62,035$53,692$46,324$39,856$34,205$19,423
15 years$57,302$49,048$41,825$35,544$30,117$16,282
16 years$53,165$45,001$37,920$31,826$26,618$13,688
17 years$49,518$41,444$34,506$28,595$23,601$11,534
18 years$46,279$38,296$31,499$25,770$20,985$9,738
19 years$43,385$35,493$28,836$23,286$18,704$8,235
20 years$40,784$32,981$26,464$21,090$16,707$6,974
21 years$38,434$30,721$24,342$19,140$14,951$5,913
22 years$36,300$28,677$22,435$17,403$13,401$5,018
23 years$34,354$26,821$20,715$15,849$12,030$4,262
24 years$32,574$25,129$19,158$14,455$10,813$3,622
25 years$30,938$23,583$17,744$13,201$9,730$3,080
26 years$29,430$22,164$16,457$12,071$8,764$2,621
27 years$28,037$20,859$15,281$11,049$7,902$2,231
28 years$26,745$19,655$14,206$10,123$7,130$1,900
29 years$25,545$18,542$13,220$9,283$6,438$1,618
30 years$24,427$17,511$12,314$8,519$5,817$1,378
31 years$23,383$16,554$11,480$7,824$5,259$1,175
32 years$22,406$15,663$10,711$7,191$4,757$1,001
33 years$21,490$14,834$10,001$6,613$4,305$853
34 years$20,630$14,059$9,344$6,084$3,898$728
35 years$19,821$13,335$8,736$5,601$3,531$620
36 years$19,059$12,656$8,172$5,158$3,199$529
37 years$18,339$12,021$7,649$4,753$2,899$451
38 years$17,659$11,424$7,163$4,381$2,629$385
39 years$17,016$10,863$6,711$4,039$2,384$328
40 years$16,406$10,335$6,290$3,725$2,162$280
41 years$15,827$9,838$5,898$3,437$1,961$239
42 years$15,278$9,370$5,533$3,172$1,780$204
43 years$14,755$8,927$5,192$2,928$1,615$174
44 years$14,258$8,510$4,873$2,704$1,466$148
45 years$13,784$8,115$4,576$2,497$1,331$126
46 years$13,332$7,741$4,298$2,307$1,209$108
47 years$12,900$7,387$4,038$2,131$1,097$92
48 years$12,488$7,052$3,794$1,969$997$79
49 years$12,094$6,735$3,567$1,820$905$67
50 years$11,716$6,433$3,353$1,682$822$57

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 $2,084 every year, while hoping to spend $25,061 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: 62/19/19 Blend
69$12,000,000$12,000,000$12,000,000$12,000,000
70$13,226,150$12,590,150$12,404,150$13,981,548
71$14,548,552$13,180,402$12,793,024$15,081,345
72$16,005,000$13,798,737$13,194,086$16,278,510
73$17,609,139$14,446,504$13,607,716$17,584,919
74$19,376,006$15,125,118$14,034,310$19,011,207
75$21,322,172$15,836,063$14,474,273$20,569,069
76$23,465,896$16,580,892$14,928,024$22,271,375
77$25,827,300$17,361,238$15,395,994$24,132,281
78$28,428,554$18,178,808$15,878,630$26,167,365
79$31,294,093$19,035,396$16,376,391$28,393,768
80$34,450,841$19,932,881$16,889,750$30,830,352
81$37,928,466$20,873,231$17,419,196$33,497,878
82$41,759,664$21,858,514$17,965,233$36,419,196
83$45,980,462$22,890,894$18,528,381$39,619,453
84$50,630,563$23,972,642$19,109,176$43,126,336
85$55,753,718$25,106,138$19,708,170$46,970,318
86$61,398,137$26,293,880$20,325,935$51,184,949
87$67,616,950$27,538,483$20,963,056$55,807,167
88$74,468,703$28,842,692$21,620,142$60,877,638
89$82,017,911$30,209,384$22,297,817$66,441,138
90$90,335,670$31,641,576$22,996,726$72,546,971
91$99,500,327$33,142,432$23,717,535$79,249,428
92$109,598,216$34,715,267$24,460,929$86,608,292
93$120,724,480$36,363,561$25,227,616$94,689,399
94$132,983,961$38,090,959$26,018,324$103,565,253
95$146,492,194$39,901,286$26,833,808$113,315,702
96$161,376,499$41,798,550$27,674,842$124,028,688
97$177,777,180$43,786,957$28,542,227$135,801,066
98$195,848,849$45,870,914$29,436,788$148,739,515
99$215,761,887$48,055,044$30,359,376$162,961,536
100$237,704,054$50,344,196$31,310,869$178,596,551