Can I retire at age 70 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$999,207$990,306$981,623$973,147$964,871$948,106
2 years$494,657$485,444$476,516$467,859$459,462$442,627
3 years$326,495$317,243$308,337$299,762$291,502$275,119
4 years$242,431$233,207$224,391$215,962$207,902$192,099
5 years$192,006$182,837$174,136$165,879$158,043$142,865
6 years$158,400$149,300$140,728$132,655$125,054$110,518
7 years$134,405$125,382$116,946$109,063$101,703$87,813
8 years$116,417$107,476$99,179$91,490$84,372$71,125
9 years$102,434$93,577$85,423$77,929$71,054$58,442
10 years$91,254$82,484$74,474$67,176$60,541$48,555
11 years$82,113$73,430$65,565$58,463$52,067$40,692
12 years$74,500$65,907$58,188$51,280$45,121$34,342
13 years$68,064$59,561$51,987$45,273$39,346$29,147
14 years$62,552$54,139$46,710$40,188$34,490$24,854
15 years$57,780$49,457$42,173$35,841$30,368$21,275
16 years$53,608$45,376$38,236$32,091$26,839$18,271
17 years$49,930$41,789$34,793$28,834$23,798$15,733
18 years$46,665$38,615$31,762$25,985$21,160$13,580
19 years$43,747$35,788$29,077$23,480$18,860$11,744
20 years$41,124$33,256$26,685$21,265$16,846$10,173
21 years$38,754$30,977$24,545$19,300$15,076$8,825
22 years$36,602$28,916$22,622$17,548$13,513$7,665
23 years$34,641$27,044$20,887$15,981$12,130$6,665
24 years$32,845$25,339$19,317$14,576$10,903$5,801
25 years$31,196$23,779$17,892$13,311$9,811$5,052
26 years$29,676$22,349$16,594$12,171$8,837$4,404
27 years$28,271$21,033$15,409$11,141$7,968$3,840
28 years$26,968$19,819$14,324$10,207$7,189$3,351
29 years$25,758$18,697$13,330$9,360$6,492$2,925
30 years$24,630$17,657$12,416$8,590$5,866$2,555
31 years$23,578$16,692$11,576$7,890$5,303$2,232
32 years$22,593$15,794$10,800$7,251$4,797$1,950
33 years$21,669$14,957$10,084$6,668$4,341$1,705
34 years$20,802$14,176$9,422$6,135$3,931$1,490
35 years$19,986$13,446$8,809$5,647$3,560$1,303
36 years$19,218$12,762$8,241$5,201$3,226$1,140
37 years$18,492$12,121$7,713$4,792$2,924$997
38 years$17,806$11,519$7,223$4,417$2,650$872
39 years$17,158$10,954$6,767$4,073$2,403$763
40 years$16,543$10,421$6,343$3,757$2,180$668
41 years$15,959$9,920$5,948$3,466$1,978$584
42 years$15,405$9,448$5,579$3,199$1,795$511
43 years$14,878$9,002$5,235$2,953$1,629$448
44 years$14,377$8,581$4,914$2,726$1,478$392
45 years$13,899$8,182$4,614$2,518$1,342$343
46 years$13,443$7,806$4,334$2,326$1,219$300
47 years$13,008$7,449$4,071$2,149$1,107$263
48 years$12,592$7,111$3,826$1,985$1,005$230
49 years$12,194$6,791$3,596$1,835$913$201
50 years$11,814$6,487$3,381$1,696$829$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,100,000, adding $2,558 every year, while hoping to spend $58,576 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: 60/31/9 Blend
69$12,100,000$12,100,000$12,100,000$12,100,000
70$13,336,839$12,695,539$12,507,989$14,110,001
71$14,634,872$13,255,296$12,864,682$15,188,624
72$16,063,341$13,840,517$13,231,361$16,357,699
73$17,635,489$14,452,390$13,608,299$17,631,400
74$19,365,907$15,092,156$13,995,775$19,019,805
75$21,270,674$15,761,115$14,394,078$20,533,994
76$23,367,504$16,460,631$14,803,501$22,186,153
77$25,675,918$17,192,131$15,224,347$23,989,680
78$28,217,426$17,957,109$15,656,926$25,959,312
79$31,015,728$18,757,132$16,101,558$28,111,260
80$34,096,941$19,593,840$16,558,569$30,463,356
81$37,489,842$20,468,952$17,028,294$33,035,217
82$41,226,142$21,384,267$17,511,079$35,848,429
83$45,340,784$22,341,671$18,007,275$38,926,741
84$49,872,270$23,343,139$18,517,245$42,296,288
85$54,863,030$24,390,742$19,041,361$45,985,833
86$60,359,817$25,486,646$19,580,004$50,027,028
87$66,414,150$26,633,123$20,133,566$54,454,713
88$73,082,800$27,832,553$20,702,447$59,307,238
89$80,428,327$29,087,429$21,287,060$64,626,815
90$88,519,666$30,400,363$21,887,827$70,459,914
91$97,432,783$31,774,091$22,505,180$76,857,694
92$107,251,387$33,211,482$23,139,564$83,876,477
93$118,067,723$34,715,540$23,791,434$91,578,276
94$129,983,442$36,289,412$24,461,257$100,031,369
95$143,110,557$37,936,397$25,149,514$109,310,937
96$157,572,505$39,659,952$25,856,694$119,499,766
97$173,505,309$41,463,699$26,583,302$130,689,021
98$191,058,863$43,351,432$27,329,854$142,979,092
99$210,398,343$45,327,128$28,096,881$156,480,538
100$231,705,771$47,394,954$28,884,924$171,315,117