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

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,007,465$998,491$989,735$981,190$972,845$939,824
2 years$498,745$489,456$480,454$471,726$463,260$430,322
3 years$329,194$319,865$310,886$302,239$293,911$262,092
4 years$244,435$235,135$226,245$217,746$209,620$179,162
5 years$193,593$184,348$175,575$167,250$159,350$130,335
6 years$159,709$150,534$141,891$133,751$126,088$98,538
7 years$135,516$126,419$117,912$109,964$102,543$76,455
8 years$117,379$108,364$99,999$92,246$85,069$60,422
9 years$103,281$94,350$86,129$78,573$71,641$48,404
10 years$92,008$83,165$75,089$67,731$61,042$39,177
11 years$82,791$74,037$66,107$58,946$52,498$31,964
12 years$75,116$66,452$58,669$51,704$45,493$26,242
13 years$68,627$60,053$52,416$45,647$39,671$21,654
14 years$63,069$54,586$47,096$40,520$34,776$17,939
15 years$58,257$49,866$42,522$36,137$30,619$14,911
16 years$54,051$45,751$38,552$32,357$27,061$12,427
17 years$50,343$42,135$35,081$29,072$23,994$10,380
18 years$47,051$38,934$32,024$26,200$21,335$8,686
19 years$44,109$36,084$29,317$23,674$19,016$7,279
20 years$41,464$33,531$26,906$21,441$16,986$6,108
21 years$39,074$31,233$24,748$19,459$15,200$5,131
22 years$36,905$29,155$22,809$17,693$13,625$4,313
23 years$34,927$27,268$21,060$16,113$12,230$3,629
24 years$33,116$25,548$19,477$14,696$10,993$3,055
25 years$31,453$23,976$18,040$13,421$9,892$2,573
26 years$29,921$22,533$16,731$12,272$8,910$2,168
27 years$28,504$21,206$15,536$11,233$8,033$1,828
28 years$27,191$19,983$14,443$10,292$7,249$1,541
29 years$25,971$18,851$13,440$9,438$6,545$1,300
30 years$24,834$17,803$12,519$8,661$5,914$1,097
31 years$23,772$16,830$11,671$7,955$5,347$925
32 years$22,779$15,925$10,889$7,311$4,837$781
33 years$21,848$15,081$10,167$6,723$4,377$659
34 years$20,974$14,293$9,500$6,186$3,963$556
35 years$20,152$13,557$8,882$5,694$3,590$470
36 years$19,376$12,867$8,309$5,244$3,252$396
37 years$18,645$12,221$7,777$4,832$2,948$335
38 years$17,954$11,614$7,283$4,454$2,672$283
39 years$17,299$11,044$6,823$4,106$2,423$239
40 years$16,679$10,508$6,395$3,788$2,198$202
41 years$16,091$10,002$5,997$3,495$1,994$170
42 years$15,532$9,526$5,625$3,225$1,809$144
43 years$15,001$9,076$5,278$2,977$1,642$121
44 years$14,495$8,651$4,955$2,749$1,491$102
45 years$14,013$8,250$4,652$2,539$1,353$87
46 years$13,554$7,870$4,370$2,345$1,229$73
47 years$13,115$7,511$4,105$2,166$1,116$62
48 years$12,696$7,170$3,858$2,002$1,013$52
49 years$12,295$6,847$3,626$1,850$920$44
50 years$11,911$6,540$3,409$1,710$836$37

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 $6,333 every year, while hoping to spend $26,245 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: 50/25/25 Blend
69$12,200,000$12,200,000$12,200,000$12,200,000
70$13,450,932$12,804,332$12,615,232$14,028,393
71$14,795,003$13,403,820$13,009,918$15,030,636
72$16,275,289$14,031,803$13,416,946$16,116,192
73$17,905,657$14,689,650$13,836,703$17,295,564
74$19,701,387$15,378,796$14,269,585$18,577,653
75$21,679,316$16,100,744$14,716,003$19,972,235
76$23,857,998$16,857,072$15,176,381$21,490,057
77$26,257,878$17,649,433$15,651,154$23,142,930
78$28,901,486$18,479,560$16,140,772$24,943,840
79$31,813,649$19,349,270$16,645,700$26,907,063
80$35,021,726$20,260,469$17,166,416$29,048,296
81$38,555,864$21,215,154$17,703,412$31,384,802
82$42,449,284$22,215,418$18,257,199$33,935,566
83$46,738,596$23,263,459$18,828,300$36,721,473
84$51,464,142$24,361,577$19,417,257$39,765,493
85$56,670,377$25,512,187$20,024,627$43,092,899
86$62,406,290$26,717,819$20,650,987$46,731,497
87$68,725,865$27,981,125$21,296,929$50,711,881
88$75,688,592$29,304,890$21,963,065$55,067,717
89$83,360,027$30,692,028$22,650,026$59,836,055
90$91,812,412$32,145,599$23,358,464$65,057,671
91$101,125,354$33,668,809$24,089,048$70,777,442
92$111,386,580$35,265,021$24,842,471$77,044,767
93$122,692,764$36,937,760$25,619,447$83,914,022
94$135,150,439$38,690,723$26,420,711$91,445,067
95$148,877,001$40,527,786$27,247,023$99,703,799
96$164,001,821$42,453,014$28,099,164$108,762,771
97$180,667,463$44,470,667$28,977,942$118,701,860
98$199,031,031$46,585,216$29,884,189$129,609,019
99$219,265,649$48,801,345$30,818,763$141,581,090
100$241,562,103$51,123,969$31,782,549$154,724,712