Can I retire at age 70 with 12,400,000?

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$957,525
2 years$506,921$497,480$488,330$479,459$470,854$439,635
3 years$334,590$325,109$315,982$307,194$298,729$268,539
4 years$248,442$238,989$229,954$221,316$213,056$184,126
5 years$196,766$187,371$178,454$169,992$161,962$134,370
6 years$162,327$153,002$144,217$135,944$128,155$101,924
7 years$137,738$128,491$119,845$111,767$104,224$79,353
8 years$119,304$110,140$101,638$93,759$86,464$62,935
9 years$104,974$95,897$87,541$79,861$72,815$50,602
10 years$93,517$84,529$76,320$68,841$62,042$41,111
11 years$84,149$75,251$67,191$59,913$53,358$33,672
12 years$76,348$67,541$59,630$52,551$46,239$27,755
13 years$69,752$61,037$53,276$46,395$40,322$22,996
14 years$64,103$55,481$47,869$41,184$35,346$19,131
15 years$59,212$50,683$43,219$36,729$31,121$15,969
16 years$54,937$46,501$39,184$32,887$27,505$13,367
17 years$51,168$42,826$35,656$29,549$24,388$11,214
18 years$47,822$39,573$32,549$26,629$21,684$9,426
19 years$44,832$36,676$29,797$24,062$19,328$7,935
20 years$42,144$34,081$27,347$21,793$17,264$6,689
21 years$39,715$31,745$25,154$19,778$15,449$5,645
22 years$37,510$29,633$23,183$17,983$13,848$4,768
23 years$35,499$27,715$21,405$16,377$12,431$4,031
24 years$33,659$25,967$19,796$14,937$11,173$3,409
25 years$31,969$24,369$18,335$13,641$10,054$2,886
26 years$30,411$22,903$17,005$12,473$9,056$2,443
27 years$28,972$21,554$15,791$11,417$8,165$2,070
28 years$27,637$20,310$14,680$10,460$7,368$1,754
29 years$26,397$19,160$13,661$9,592$6,653$1,486
30 years$25,241$18,095$12,724$8,803$6,011$1,260
31 years$24,162$17,106$11,863$8,085$5,435$1,069
32 years$23,153$16,186$11,068$7,431$4,916$906
33 years$22,207$15,328$10,334$6,833$4,449$769
34 years$21,318$14,527$9,656$6,287$4,028$652
35 years$20,482$13,779$9,027$5,787$3,648$553
36 years$19,694$13,078$8,445$5,330$3,306$469
37 years$18,951$12,421$7,904$4,911$2,996$398
38 years$18,248$11,805$7,402$4,527$2,716$338
39 years$17,583$11,225$6,935$4,174$2,463$287
40 years$16,953$10,680$6,500$3,850$2,234$243
41 years$16,355$10,166$6,095$3,552$2,027$207
42 years$15,787$9,682$5,717$3,278$1,839$175
43 years$15,247$9,225$5,365$3,026$1,669$149
44 years$14,733$8,793$5,036$2,794$1,515$126
45 years$14,243$8,385$4,729$2,580$1,375$107
46 years$13,776$7,999$4,441$2,383$1,249$91
47 years$13,330$7,634$4,172$2,202$1,134$77
48 years$12,904$7,287$3,921$2,035$1,030$66
49 years$12,497$6,959$3,685$1,880$935$56
50 years$12,107$6,648$3,465$1,738$850$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,400,000, adding $5,202 every year, while hoping to spend $58,084 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: 56/33/11 Blend
69$12,400,000$12,400,000$12,400,000$12,400,000
70$13,670,166$13,012,966$12,820,766$14,397,947
71$15,002,722$13,588,800$13,188,461$15,466,602
72$16,469,252$14,190,904$13,566,526$16,623,187
73$18,083,360$14,820,502$13,955,249$17,881,580
74$19,860,035$15,478,880$14,354,923$19,251,509
75$21,815,796$16,167,382$14,765,849$20,743,667
76$23,968,839$16,887,416$15,188,338$22,369,808
77$26,339,220$17,640,459$15,622,707$24,142,855
78$28,949,035$18,428,055$16,069,282$26,077,015
79$31,822,632$19,251,826$16,528,398$28,187,915
80$34,986,842$20,113,466$17,000,401$30,492,738
81$38,471,227$21,014,753$17,485,641$33,010,383
82$42,308,364$21,957,549$17,984,483$35,761,640
83$46,534,152$22,943,803$18,497,297$38,769,379
84$51,188,145$23,975,559$19,024,467$42,058,764
85$56,313,933$25,054,958$19,566,383$45,657,477
86$61,959,545$26,184,242$20,123,448$49,595,983
87$68,177,910$27,365,762$20,696,075$53,907,805
88$75,027,351$28,601,978$21,284,687$58,629,835
89$82,572,137$29,895,471$21,889,720$63,802,678
90$90,883,088$31,248,942$22,511,619$69,471,027
91$100,038,247$32,665,225$23,150,843$75,684,073
92$110,123,613$34,147,285$23,807,860$82,495,971
93$121,233,952$35,698,232$24,483,154$89,966,333
94$133,473,694$37,321,325$25,177,219$98,160,789
95$146,957,917$39,019,976$25,890,562$107,151,597
96$161,813,433$40,797,763$26,623,704$117,018,313
97$178,179,984$42,658,435$27,377,179$127,848,532
98$196,211,564$44,605,919$28,151,536$139,738,709
99$216,077,867$46,644,332$28,947,336$152,795,056
100$237,965,893$48,777,989$29,765,156$167,134,534