Can I retire at age 70 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$977,442
2 years$511,009$501,492$492,268$483,326$474,651$455,259
3 years$337,289$327,731$318,530$309,671$301,138$282,285
4 years$250,446$240,917$231,808$223,101$214,774$196,605
5 years$198,353$188,882$179,893$171,363$163,268$145,834
6 years$163,636$154,236$145,380$137,040$129,188$112,509
7 years$138,848$129,527$120,812$112,668$105,065$89,144
8 years$120,266$111,029$102,458$94,515$87,161$71,995
9 years$105,820$96,670$88,247$80,506$73,402$58,980
10 years$94,271$85,210$76,936$69,397$62,543$48,851
11 years$84,827$75,858$67,733$60,396$53,789$40,812
12 years$76,963$68,086$60,111$52,975$46,612$34,332
13 years$70,314$61,530$53,705$46,769$40,647$29,043
14 years$64,620$55,929$48,255$41,516$35,631$24,681
15 years$59,690$51,092$43,567$37,025$31,372$21,054
16 years$55,380$46,876$39,500$33,152$27,727$18,018
17 years$51,581$43,171$35,944$29,787$24,584$15,460
18 years$48,208$39,892$32,812$26,844$21,859$13,295
19 years$45,193$36,971$30,038$24,256$19,484$11,456
20 years$42,484$34,356$27,567$21,968$17,403$9,886
21 years$40,035$32,001$25,356$19,938$15,574$8,544
22 years$37,812$29,872$23,370$18,128$13,960$7,393
23 years$35,786$27,938$21,578$16,509$12,531$6,403
24 years$33,931$26,176$19,956$15,058$11,263$5,551
25 years$32,227$24,565$18,483$13,752$10,135$4,815
26 years$30,657$23,087$17,142$12,574$9,129$4,180
27 years$29,205$21,728$15,918$11,509$8,231$3,631
28 years$27,860$20,474$14,798$10,545$7,427$3,155
29 years$26,609$19,315$13,771$9,670$6,706$2,743
30 years$25,445$18,241$12,827$8,874$6,060$2,386
31 years$24,357$17,244$11,958$8,150$5,478$2,076
32 years$23,340$16,316$11,157$7,490$4,956$1,806
33 years$22,386$15,452$10,418$6,888$4,485$1,572
34 years$21,490$14,645$9,734$6,338$4,061$1,369
35 years$20,647$13,890$9,100$5,834$3,678$1,192
36 years$19,853$13,184$8,513$5,373$3,332$1,038
37 years$19,103$12,522$7,968$4,951$3,020$904
38 years$18,395$11,900$7,462$4,563$2,738$788
39 years$17,725$11,316$6,991$4,207$2,483$686
40 years$17,089$10,766$6,552$3,881$2,252$598
41 years$16,487$10,248$6,144$3,580$2,043$521
42 years$15,914$9,760$5,763$3,304$1,854$454
43 years$15,370$9,299$5,408$3,050$1,683$396
44 years$14,852$8,864$5,077$2,816$1,527$345
45 years$14,358$8,453$4,767$2,601$1,387$301
46 years$13,887$8,064$4,477$2,403$1,259$262
47 years$13,438$7,695$4,206$2,220$1,143$228
48 years$13,008$7,346$3,953$2,051$1,038$199
49 years$12,597$7,015$3,715$1,896$943$174
50 years$12,204$6,701$3,493$1,752$856$151

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,500,000, adding $4,836 every year, while hoping to spend $55,511 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: 66/20/14 Blend
69$12,500,000$12,500,000$12,500,000$12,500,000
70$13,779,988$13,117,488$12,923,738$14,644,038
71$15,126,484$13,701,182$13,297,620$15,805,167
72$16,608,461$14,311,616$13,682,167$17,066,900
73$18,239,682$14,950,042$14,077,677$18,444,644
74$20,035,307$15,617,772$14,484,456$19,949,747
75$22,012,044$16,316,179$14,902,821$21,594,693
76$24,188,302$17,046,701$15,333,095$23,393,221
77$26,584,365$17,810,846$15,775,611$25,360,449
78$29,222,586$18,610,193$16,230,710$27,513,015
79$32,127,595$19,446,397$16,698,743$29,869,230
80$35,326,529$20,321,190$17,180,070$32,449,249
81$38,849,295$21,236,389$17,675,063$35,275,258
82$42,728,847$22,193,896$18,184,101$38,371,678
83$47,001,496$23,195,703$18,707,575$41,765,396
84$51,707,255$24,243,899$19,245,886$45,486,010
85$56,890,218$25,340,673$19,799,446$49,566,107
86$62,598,971$26,488,317$20,368,678$54,041,570
87$68,887,054$27,689,232$20,954,016$58,951,906
88$75,813,465$28,945,937$21,555,908$64,340,618
89$83,443,219$30,261,068$22,174,811$70,255,612
90$91,847,956$31,637,389$22,811,196$76,749,642
91$101,106,622$33,077,795$23,465,546$83,880,805
92$111,306,213$34,585,323$24,138,357$91,713,082
93$122,542,593$36,163,150$24,830,138$100,316,940
94$134,921,404$37,814,611$25,541,414$109,769,989
95$148,559,056$39,543,196$26,272,720$120,157,707
96$163,583,833$41,352,565$27,024,609$131,574,244
97$180,137,096$43,246,553$27,797,646$144,123,304
98$198,374,626$45,229,180$28,592,413$157,919,115
99$218,468,085$47,304,658$29,409,507$173,087,502
100$240,606,644$49,477,400$30,249,539$189,767,066