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%20%
1 years$990,949$982,122$973,510$965,105$956,897$918,568
2 years$490,569$481,432$472,578$463,993$455,665$417,531
3 years$323,797$314,621$305,789$297,285$289,093$252,354
4 years$240,428$231,280$222,536$214,177$206,183$171,119
5 years$190,419$181,326$172,697$164,508$156,737$123,437
6 years$157,091$148,067$139,565$131,559$124,021$92,505
7 years$133,294$124,346$115,979$108,162$100,862$71,119
8 years$115,455$106,588$98,360$90,734$83,675$55,674
9 years$101,588$92,804$84,717$77,285$70,466$44,164
10 years$90,500$81,802$73,858$66,621$60,041$35,386
11 years$81,434$72,823$65,024$57,980$51,637$28,571
12 years$73,885$65,362$57,707$50,856$44,748$23,208
13 years$67,502$59,068$51,557$44,898$39,021$18,941
14 years$62,035$53,692$46,324$39,856$34,205$15,517
15 years$57,302$49,048$41,825$35,544$30,117$12,752
16 years$53,165$45,001$37,920$31,826$26,618$10,505
17 years$49,518$41,444$34,506$28,595$23,601$8,671
18 years$46,279$38,296$31,499$25,770$20,985$7,170
19 years$43,385$35,493$28,836$23,286$18,704$5,936
20 years$40,784$32,981$26,464$21,090$16,707$4,920
21 years$38,434$30,721$24,342$19,140$14,951$4,082
22 years$36,300$28,677$22,435$17,403$13,401$3,389
23 years$34,354$26,821$20,715$15,849$12,030$2,816
24 years$32,574$25,129$19,158$14,455$10,813$2,340
25 years$30,938$23,583$17,744$13,201$9,730$1,946
26 years$29,430$22,164$16,457$12,071$8,764$1,619
27 years$28,037$20,859$15,281$11,049$7,902$1,347
28 years$26,745$19,655$14,206$10,123$7,130$1,121
29 years$25,545$18,542$13,220$9,283$6,438$933
30 years$24,427$17,511$12,314$8,519$5,817$777
31 years$23,383$16,554$11,480$7,824$5,259$647
32 years$22,406$15,663$10,711$7,191$4,757$539
33 years$21,490$14,834$10,001$6,613$4,305$449
34 years$20,630$14,059$9,344$6,084$3,898$374
35 years$19,821$13,335$8,736$5,601$3,531$312
36 years$19,059$12,656$8,172$5,158$3,199$260
37 years$18,339$12,021$7,649$4,753$2,899$216
38 years$17,659$11,424$7,163$4,381$2,629$180
39 years$17,016$10,863$6,711$4,039$2,384$150
40 years$16,406$10,335$6,290$3,725$2,162$125
41 years$15,827$9,838$5,898$3,437$1,961$104
42 years$15,278$9,370$5,533$3,172$1,780$87
43 years$14,755$8,927$5,192$2,928$1,615$72
44 years$14,258$8,510$4,873$2,704$1,466$60
45 years$13,784$8,115$4,576$2,497$1,331$50
46 years$13,332$7,741$4,298$2,307$1,209$42
47 years$12,900$7,387$4,038$2,131$1,097$35
48 years$12,488$7,052$3,794$1,969$997$29
49 years$12,094$6,735$3,567$1,820$905$24
50 years$11,716$6,433$3,353$1,682$822$20

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 $6,767 every year, while hoping to spend $39,481 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: 56/15/29 Blend
69$12,000,000$12,000,000$12,000,000$12,000,000
70$13,230,980$12,594,980$12,408,980$13,865,562
71$14,538,533$13,170,127$12,782,674$14,878,614
72$15,978,132$13,772,132$13,167,562$15,977,200
73$17,563,206$14,402,271$13,563,980$17,173,447
74$19,308,550$15,061,879$13,972,270$18,476,798
75$21,230,466$15,752,355$14,392,785$19,897,640
76$23,346,920$16,475,167$14,825,890$21,447,399
77$25,677,706$17,231,851$15,271,958$23,138,646
78$28,244,640$18,024,019$15,731,376$24,985,212
79$31,071,756$18,853,359$16,204,540$27,002,315
80$34,185,542$19,721,640$16,691,859$29,206,702
81$37,615,185$20,630,719$17,193,754$31,616,802
82$41,392,848$21,582,537$17,710,658$34,252,900
83$45,553,970$22,579,134$18,243,018$37,137,320
84$50,137,608$23,622,644$18,791,291$40,294,639
85$55,186,796$24,715,306$19,355,952$43,751,909
86$60,748,959$25,859,465$19,937,485$47,538,910
87$66,876,355$27,057,581$20,536,394$51,688,430
88$73,626,572$28,312,231$21,153,192$56,236,568
89$81,063,069$29,626,118$21,788,411$61,223,071
90$89,255,777$31,002,072$22,442,597$66,691,702
91$98,281,755$32,443,063$23,116,313$72,690,653
92$108,225,923$33,952,202$23,810,138$79,272,993
93$119,181,858$35,532,750$24,524,669$86,497,163
94$131,252,680$37,188,128$25,260,518$94,427,521
95$144,552,026$38,921,918$26,018,317$103,134,950
96$159,205,119$40,737,879$26,798,718$112,697,513
97$175,349,955$42,639,949$27,602,389$123,201,190
98$193,138,600$44,632,256$28,430,018$134,740,681
99$212,738,630$46,719,130$29,282,317$147,420,295
100$234,334,710$48,905,106$30,160,014$161,354,924