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

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 $12,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,023,980$1,014,859$1,005,960$997,275$988,793$952,574
2 years$506,921$497,480$488,330$479,459$470,854$434,767
3 years$334,590$325,109$315,982$307,194$298,729$263,909
4 years$248,442$238,989$229,954$221,316$213,056$179,769
5 years$196,766$187,371$178,454$169,992$161,962$130,294
6 years$162,327$153,002$144,217$135,944$128,155$98,129
7 years$137,738$128,491$119,845$111,767$104,224$75,833
8 years$119,304$110,140$101,638$93,759$86,464$59,682
9 years$104,974$95,897$87,541$79,861$72,815$47,607
10 years$93,517$84,529$76,320$68,841$62,042$38,362
11 years$84,149$75,251$67,191$59,913$53,358$31,157
12 years$76,348$67,541$59,630$52,551$46,239$25,461
13 years$69,752$61,037$53,276$46,395$40,322$20,908
14 years$64,103$55,481$47,869$41,184$35,346$17,238
15 years$59,212$50,683$43,219$36,729$31,121$14,257
16 years$54,937$46,501$39,184$32,887$27,505$11,822
17 years$51,168$42,826$35,656$29,549$24,388$9,824
18 years$47,822$39,573$32,549$26,629$21,684$8,177
19 years$44,832$36,676$29,797$24,062$19,328$6,817
20 years$42,144$34,081$27,347$21,793$17,264$5,689
21 years$39,715$31,745$25,154$19,778$15,449$4,753
22 years$37,510$29,633$23,183$17,983$13,848$3,974
23 years$35,499$27,715$21,405$16,377$12,431$3,325
24 years$33,659$25,967$19,796$14,937$11,173$2,784
25 years$31,969$24,369$18,335$13,641$10,054$2,332
26 years$30,411$22,903$17,005$12,473$9,056$1,954
27 years$28,972$21,554$15,791$11,417$8,165$1,638
28 years$27,637$20,310$14,680$10,460$7,368$1,373
29 years$26,397$19,160$13,661$9,592$6,653$1,151
30 years$25,241$18,095$12,724$8,803$6,011$966
31 years$24,162$17,106$11,863$8,085$5,435$810
32 years$23,153$16,186$11,068$7,431$4,916$680
33 years$22,207$15,328$10,334$6,833$4,449$570
34 years$21,318$14,527$9,656$6,287$4,028$479
35 years$20,482$13,779$9,027$5,787$3,648$402
36 years$19,694$13,078$8,445$5,330$3,306$337
37 years$18,951$12,421$7,904$4,911$2,996$283
38 years$18,248$11,805$7,402$4,527$2,716$238
39 years$17,583$11,225$6,935$4,174$2,463$199
40 years$16,953$10,680$6,500$3,850$2,234$167
41 years$16,355$10,166$6,095$3,552$2,027$141
42 years$15,787$9,682$5,717$3,278$1,839$118
43 years$15,247$9,225$5,365$3,026$1,669$99
44 years$14,733$8,793$5,036$2,794$1,515$83
45 years$14,243$8,385$4,729$2,580$1,375$70
46 years$13,776$7,999$4,441$2,383$1,249$59
47 years$13,330$7,634$4,172$2,202$1,134$49
48 years$12,904$7,287$3,921$2,035$1,030$41
49 years$12,497$6,959$3,685$1,880$935$35
50 years$12,107$6,648$3,465$1,738$850$29

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 $2,781 every year, while hoping to spend $52,499 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: 64/18/18 Blend
69$12,400,000$12,400,000$12,400,000$12,400,000
70$13,667,669$13,010,469$12,818,269$14,480,523
71$15,005,912$13,592,123$13,191,822$15,608,385
72$16,478,897$14,200,519$13,576,130$16,833,763
73$18,100,312$14,836,911$13,971,497$18,171,173
74$19,885,238$15,502,615$14,378,237$19,631,561
75$21,850,296$16,199,007$14,796,672$21,226,965
76$24,013,798$16,927,530$15,227,132$22,970,638
77$26,395,923$17,689,696$15,669,958$24,877,159
78$29,018,905$18,487,089$16,125,500$26,962,573
79$31,907,244$19,321,367$16,594,115$29,244,542
80$35,087,940$20,194,271$17,076,175$31,742,502
81$38,590,740$21,107,620$17,572,057$34,477,851
82$42,448,427$22,063,325$18,082,152$37,474,142
83$46,697,122$23,063,384$18,606,860$40,757,303
84$51,376,632$24,109,893$19,146,593$44,355,880
85$56,530,818$25,205,048$19,701,774$48,301,303
86$62,208,015$26,351,149$20,272,837$52,628,176
87$68,461,485$27,550,607$20,860,229$57,374,602
88$75,349,918$28,805,948$21,464,408$62,582,537
89$82,937,990$30,119,821$22,085,847$68,298,183
90$91,296,971$31,494,997$22,725,028$74,572,419
91$100,505,396$32,934,386$23,382,450$81,461,276
92$110,649,808$34,441,033$24,058,625$89,026,464
93$121,825,576$36,018,131$24,754,076$97,335,942
94$134,137,791$37,669,025$25,469,343$106,464,563
95$147,702,261$39,397,223$26,204,981$116,494,769
96$162,646,603$41,206,398$26,961,560$127,517,366
97$179,111,447$43,100,402$27,739,663$139,632,374
98$197,251,764$45,083,272$28,539,891$152,949,964
99$217,238,329$47,159,237$29,362,862$167,591,495
100$239,259,330$49,332,731$30,209,210$183,690,648