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

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$999,207$990,306$981,623$973,147$964,871$939,260
2 years$494,657$485,444$476,516$467,859$459,462$433,838
3 years$326,495$317,243$308,337$299,762$291,502$266,667
4 years$242,431$233,207$224,391$215,962$207,902$184,046
5 years$192,006$182,837$174,136$165,879$158,043$135,234
6 years$158,400$149,300$140,728$132,655$125,054$103,312
7 years$134,405$125,382$116,946$109,063$101,703$81,030
8 years$116,417$107,476$99,179$91,490$84,372$64,758
9 years$102,434$93,577$85,423$77,929$71,054$52,480
10 years$91,254$82,484$74,474$67,176$60,541$42,986
11 years$82,113$73,430$65,565$58,463$52,067$35,503
12 years$74,500$65,907$58,188$51,280$45,121$29,517
13 years$68,064$59,561$51,987$45,273$39,346$24,671
14 years$62,552$54,139$46,710$40,188$34,490$20,710
15 years$57,780$49,457$42,173$35,841$30,368$17,447
16 years$53,608$45,376$38,236$32,091$26,839$14,741
17 years$49,930$41,789$34,793$28,834$23,798$12,485
18 years$46,665$38,615$31,762$25,985$21,160$10,596
19 years$43,747$35,788$29,077$23,480$18,860$9,008
20 years$41,124$33,256$26,685$21,265$16,846$7,669
21 years$38,754$30,977$24,545$19,300$15,076$6,537
22 years$36,602$28,916$22,622$17,548$13,513$5,578
23 years$34,641$27,044$20,887$15,981$12,130$4,763
24 years$32,845$25,339$19,317$14,576$10,903$4,071
25 years$31,196$23,779$17,892$13,311$9,811$3,482
26 years$29,676$22,349$16,594$12,171$8,837$2,979
27 years$28,271$21,033$15,409$11,141$7,968$2,550
28 years$26,968$19,819$14,324$10,207$7,189$2,184
29 years$25,758$18,697$13,330$9,360$6,492$1,871
30 years$24,630$17,657$12,416$8,590$5,866$1,603
31 years$23,578$16,692$11,576$7,890$5,303$1,374
32 years$22,593$15,794$10,800$7,251$4,797$1,178
33 years$21,669$14,957$10,084$6,668$4,341$1,010
34 years$20,802$14,176$9,422$6,135$3,931$866
35 years$19,986$13,446$8,809$5,647$3,560$743
36 years$19,218$12,762$8,241$5,201$3,226$637
37 years$18,492$12,121$7,713$4,792$2,924$547
38 years$17,806$11,519$7,223$4,417$2,650$469
39 years$17,158$10,954$6,767$4,073$2,403$402
40 years$16,543$10,421$6,343$3,757$2,180$345
41 years$15,959$9,920$5,948$3,466$1,978$296
42 years$15,405$9,448$5,579$3,199$1,795$254
43 years$14,878$9,002$5,235$2,953$1,629$218
44 years$14,377$8,581$4,914$2,726$1,478$187
45 years$13,899$8,182$4,614$2,518$1,342$161
46 years$13,443$7,806$4,334$2,326$1,219$138
47 years$13,008$7,449$4,071$2,149$1,107$118
48 years$12,592$7,111$3,826$1,985$1,005$102
49 years$12,194$6,791$3,596$1,835$913$87
50 years$11,814$6,487$3,381$1,696$829$75

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 $4,564 every year, while hoping to spend $48,669 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: 53/27/20 Blend
69$12,100,000$12,100,000$12,100,000$12,100,000
70$13,338,908$12,697,608$12,510,058$13,972,547
71$14,647,693$13,268,007$12,877,361$14,978,611
72$16,088,343$13,864,725$13,255,338$16,067,294
73$17,674,257$14,488,999$13,644,295$17,250,898
74$19,420,198$15,142,127$14,044,546$18,538,478
75$21,342,435$15,825,469$14,456,415$19,939,989
76$23,458,894$16,540,447$14,880,236$21,466,371
77$25,789,327$17,288,555$15,316,349$23,129,656
78$28,355,499$18,071,355$15,765,108$24,943,071
79$31,181,394$18,890,485$16,226,873$26,921,162
80$34,293,440$19,747,662$16,702,017$29,079,929
81$37,720,758$20,644,685$17,190,922$31,436,968
82$41,495,439$21,583,438$17,693,980$34,011,638
83$45,652,842$22,565,895$18,211,597$36,825,233
84$50,231,934$23,594,125$18,744,188$39,901,185
85$55,275,652$24,670,298$19,292,179$43,265,274
86$60,831,311$25,796,686$19,856,009$46,945,869
87$66,951,050$26,975,668$20,436,131$50,974,190
88$73,692,323$28,209,742$21,033,007$55,384,598
89$81,118,442$29,501,522$21,647,116$60,214,908
90$89,299,175$30,853,748$22,278,946$65,506,748
91$98,311,402$32,269,293$22,929,002$71,305,939
92$108,239,843$33,751,167$23,597,801$77,662,920
93$119,177,857$35,302,523$24,285,877$84,633,224
94$131,228,321$36,926,669$24,993,776$92,277,986
95$144,504,603$38,627,070$25,722,061$100,664,519
96$159,131,632$40,407,356$26,471,310$109,866,936
97$175,247,077$42,271,334$27,242,117$119,966,845
98$193,002,643$44,222,994$28,035,092$131,054,108
99$212,565,509$46,266,517$28,850,864$143,227,681
100$234,119,899$48,406,285$29,690,077$156,596,537