Can I retire at age 70 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,007,465$998,491$989,735$981,190$972,845$945,494
2 years$498,745$489,456$480,454$471,726$463,260$435,912
3 years$329,194$319,865$310,886$302,239$293,911$267,424
4 years$244,435$235,135$226,245$217,746$209,620$184,197
5 years$193,593$184,348$175,575$167,250$159,350$135,060
6 years$159,709$150,534$141,891$133,751$126,088$102,954
7 years$135,516$126,419$117,912$109,964$102,543$80,566
8 years$117,379$108,364$99,999$92,246$85,069$64,236
9 years$103,281$94,350$86,129$78,573$71,641$51,932
10 years$92,008$83,165$75,089$67,731$61,042$42,430
11 years$82,791$74,037$66,107$58,946$52,498$34,954
12 years$75,116$66,452$58,669$51,704$45,493$28,984
13 years$68,627$60,053$52,416$45,647$39,671$24,161
14 years$63,069$54,586$47,096$40,520$34,776$20,226
15 years$58,257$49,866$42,522$36,137$30,619$16,991
16 years$54,051$45,751$38,552$32,357$27,061$14,314
17 years$50,343$42,135$35,081$29,072$23,994$12,088
18 years$47,051$38,934$32,024$26,200$21,335$10,229
19 years$44,109$36,084$29,317$23,674$19,016$8,670
20 years$41,464$33,531$26,906$21,441$16,986$7,359
21 years$39,074$31,233$24,748$19,459$15,200$6,253
22 years$36,905$29,155$22,809$17,693$13,625$5,319
23 years$34,927$27,268$21,060$16,113$12,230$4,528
24 years$33,116$25,548$19,477$14,696$10,993$3,858
25 years$31,453$23,976$18,040$13,421$9,892$3,289
26 years$29,921$22,533$16,731$12,272$8,910$2,805
27 years$28,504$21,206$15,536$11,233$8,033$2,393
28 years$27,191$19,983$14,443$10,292$7,249$2,043
29 years$25,971$18,851$13,440$9,438$6,545$1,744
30 years$24,834$17,803$12,519$8,661$5,914$1,490
31 years$23,772$16,830$11,671$7,955$5,347$1,273
32 years$22,779$15,925$10,889$7,311$4,837$1,087
33 years$21,848$15,081$10,167$6,723$4,377$929
34 years$20,974$14,293$9,500$6,186$3,963$794
35 years$20,152$13,557$8,882$5,694$3,590$679
36 years$19,376$12,867$8,309$5,244$3,252$580
37 years$18,645$12,221$7,777$4,832$2,948$496
38 years$17,954$11,614$7,283$4,454$2,672$424
39 years$17,299$11,044$6,823$4,106$2,423$363
40 years$16,679$10,508$6,395$3,788$2,198$310
41 years$16,091$10,002$5,997$3,495$1,994$265
42 years$15,532$9,526$5,625$3,225$1,809$227
43 years$15,001$9,076$5,278$2,977$1,642$194
44 years$14,495$8,651$4,955$2,749$1,491$166
45 years$14,013$8,250$4,652$2,539$1,353$142
46 years$13,554$7,870$4,370$2,345$1,229$121
47 years$13,115$7,511$4,105$2,166$1,116$104
48 years$12,696$7,170$3,858$2,002$1,013$89
49 years$12,295$6,847$3,626$1,850$920$76
50 years$11,911$6,540$3,409$1,710$836$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,200,000, adding $6,489 every year, while hoping to spend $44,849 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: 41/41/18 Blend
69$12,200,000$12,200,000$12,200,000$12,200,000
70$13,451,093$12,804,493$12,615,393$13,930,944
71$14,775,386$13,384,195$12,990,290$14,852,049
72$16,233,253$13,990,798$13,376,243$15,843,537
73$17,838,272$14,625,574$13,773,574$16,915,749
74$19,605,404$15,289,856$14,182,617$18,076,078
75$21,551,134$15,985,037$14,603,713$19,332,637
76$23,693,626$16,712,580$15,037,214$20,694,327
77$26,052,897$17,474,018$15,483,482$22,170,918
78$28,651,003$18,270,956$15,942,889$23,773,136
79$31,512,249$19,105,076$16,415,819$25,512,756
80$34,663,415$19,978,141$16,902,666$27,402,712
81$38,134,013$20,892,000$17,403,835$29,457,206
82$41,956,562$21,848,587$17,919,743$31,691,843
83$46,166,897$22,849,934$18,450,820$34,123,765
84$50,804,505$23,898,165$18,997,507$36,771,812
85$55,912,900$24,995,511$19,560,259$39,656,685
86$61,540,030$26,144,305$20,139,542$42,801,142
87$67,738,735$27,346,997$20,735,838$46,230,198
88$74,567,238$28,606,152$21,349,641$49,971,356
89$82,089,702$29,924,459$21,981,459$54,054,856
90$90,376,830$31,304,736$22,631,817$58,513,954
91$99,506,535$32,749,937$23,301,252$63,385,224
92$109,564,676$34,263,158$23,990,317$68,708,891
93$120,645,863$35,847,644$24,699,584$74,529,205
94$132,854,358$37,506,795$25,429,637$80,894,845
95$146,305,052$39,244,178$26,181,079$87,859,368
96$161,124,553$41,063,527$26,954,530$95,481,699
97$177,452,378$42,968,762$27,750,628$103,826,679
98$195,442,276$44,963,985$28,570,029$112,965,662
99$215,263,670$47,053,503$29,413,407$122,977,174
100$237,103,264$49,241,824$30,281,456$133,947,641