Can I retire at age 70 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$960,623
2 years$502,833$493,468$484,392$475,592$467,057$446,801
3 years$331,892$322,487$313,434$304,717$296,320$276,637
4 years$246,438$237,062$228,100$219,531$211,338$192,380
5 years$195,180$185,859$177,015$168,621$160,656$142,475
6 years$161,018$151,768$143,054$134,848$127,121$109,739
7 years$136,627$127,455$118,879$110,866$103,384$86,802
8 years$118,342$109,252$100,818$93,002$85,767$69,981
9 years$104,127$95,124$86,835$79,217$72,228$57,228
10 years$92,762$83,847$75,705$68,286$61,542$47,313
11 years$83,470$74,644$66,649$59,429$52,928$39,452
12 years$75,732$66,996$59,149$52,128$45,866$33,123
13 years$69,189$60,545$52,846$46,021$39,996$27,964
14 years$63,586$55,034$47,482$40,852$35,061$23,716
15 years$58,735$50,274$42,870$36,433$30,870$20,189
16 years$54,494$46,126$38,868$32,622$27,283$17,241
17 years$50,755$42,480$35,369$29,310$24,191$14,762
18 years$47,436$39,254$32,287$26,415$21,510$12,667
19 years$44,470$36,380$29,557$23,868$19,172$10,890
20 years$41,804$33,806$27,126$21,617$17,125$9,377
21 years$39,395$31,489$24,951$19,619$15,325$8,085
22 years$37,207$29,394$22,996$17,838$13,736$6,980
23 years$35,213$27,491$21,233$16,245$12,331$6,031
24 years$33,388$25,758$19,637$14,817$11,083$5,216
25 years$31,711$24,172$18,187$13,531$9,973$4,514
26 years$30,166$22,718$16,868$12,372$8,983$3,910
27 years$28,738$21,380$15,663$11,325$8,099$3,388
28 years$27,414$20,147$14,561$10,376$7,308$2,937
29 years$26,184$19,006$13,550$9,515$6,599$2,547
30 years$25,037$17,949$12,622$8,732$5,963$2,210
31 years$23,967$16,968$11,767$8,020$5,391$1,918
32 years$22,966$16,055$10,979$7,371$4,876$1,665
33 years$22,027$15,204$10,251$6,778$4,413$1,445
34 years$21,146$14,410$9,578$6,236$3,996$1,255
35 years$20,317$13,668$8,955$5,741$3,619$1,090
36 years$19,535$12,973$8,377$5,287$3,279$947
37 years$18,798$12,321$7,841$4,871$2,972$823
38 years$18,101$11,710$7,342$4,490$2,694$715
39 years$17,441$11,135$6,879$4,140$2,443$621
40 years$16,816$10,594$6,448$3,819$2,216$540
41 years$16,223$10,084$6,046$3,523$2,010$469
42 years$15,660$9,604$5,671$3,251$1,824$408
43 years$15,124$9,151$5,322$3,001$1,656$355
44 years$14,614$8,722$4,995$2,771$1,503$308
45 years$14,128$8,318$4,690$2,559$1,364$268
46 years$13,665$7,935$4,405$2,364$1,239$233
47 years$13,223$7,572$4,139$2,184$1,125$203
48 years$12,800$7,229$3,889$2,018$1,022$176
49 years$12,396$6,903$3,656$1,865$928$153
50 years$12,009$6,594$3,437$1,724$843$133

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,300,000, adding $6,561 every year, while hoping to spend $55,159 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: 37/39/24 Blend
69$12,300,000$12,300,000$12,300,000$12,300,000
70$13,561,368$12,909,468$12,718,818$13,965,241
71$14,885,938$13,483,343$13,086,209$14,835,475
72$16,343,767$14,083,489$13,464,060$15,769,257
73$17,948,387$14,711,136$13,852,662$16,776,814
74$19,714,711$15,367,570$14,252,314$17,864,826
75$21,659,171$16,054,141$14,663,327$19,040,623
76$23,799,873$16,772,260$15,086,015$20,312,242
77$26,156,768$17,523,409$15,520,704$21,688,505
78$28,751,840$18,309,137$15,967,729$23,179,093
79$31,609,311$19,131,069$16,427,432$24,794,633
80$34,755,876$19,990,907$16,900,166$26,546,793
81$38,220,947$20,890,432$17,386,293$28,448,383
82$42,036,933$21,831,514$17,886,184$30,513,475
83$46,239,550$22,816,107$18,400,221$32,757,528
84$50,868,152$23,846,264$18,928,796$35,197,523
85$55,966,104$24,924,132$19,472,311$37,852,122
86$61,581,194$26,051,962$20,031,181$40,741,832
87$67,766,079$27,232,111$20,605,828$43,889,195
88$74,578,786$28,467,051$21,196,690$47,318,989
89$82,083,256$29,759,371$21,804,214$51,058,456
90$90,349,952$31,111,784$22,428,859$55,137,551
91$99,456,519$32,527,133$23,071,097$59,589,212
92$109,488,517$34,008,396$23,731,412$64,449,667
93$120,540,234$35,558,695$24,410,302$69,758,758
94$132,715,568$37,181,301$25,108,278$75,560,317
95$146,129,013$38,879,643$25,825,862$81,902,558
96$160,906,738$40,657,311$26,563,595$88,838,529
97$177,187,777$42,518,071$27,322,027$96,426,598
98$195,125,342$44,465,867$28,101,726$104,730,988
99$214,888,267$46,504,835$28,903,274$113,822,378
100$236,662,604$48,639,306$29,727,268$123,778,550