Can I retire at age 70 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$983,250
2 years$515,097$505,504$496,207$487,192$478,448$456,900
3 years$339,987$330,352$321,079$312,149$303,547$282,616
4 years$252,449$242,844$233,663$224,886$216,493$196,339
5 years$199,940$190,393$181,332$172,734$164,574$145,255
6 years$164,946$155,470$146,543$138,137$130,222$111,758
7 years$139,959$130,563$121,778$113,570$105,905$88,300
8 years$121,228$111,917$103,277$95,271$87,859$71,106
9 years$106,667$97,444$88,953$81,150$73,990$58,078
10 years$95,025$85,892$77,551$69,952$63,043$47,956
11 years$85,506$76,465$68,275$60,879$54,219$39,938
12 years$77,579$68,630$60,592$53,399$46,985$33,487
13 years$70,877$62,022$54,135$47,143$40,972$28,234
14 years$65,137$56,376$48,641$41,849$35,916$23,913
15 years$60,167$51,501$43,916$37,322$31,623$20,329
16 years$55,823$47,251$39,816$33,417$27,949$17,335
17 years$51,993$43,516$36,231$30,025$24,781$14,821
18 years$48,593$40,211$33,074$27,059$22,034$12,699
19 years$45,555$37,267$30,278$24,450$19,640$10,902
20 years$42,823$34,630$27,788$22,144$17,542$9,373
21 years$40,355$32,257$25,559$20,097$15,698$8,069
22 years$38,115$30,111$23,557$18,273$14,071$6,955
23 years$36,072$28,162$21,751$16,642$12,631$6,001
24 years$34,202$26,386$20,116$15,178$11,353$5,181
25 years$32,485$24,762$18,631$13,862$10,216$4,477
26 years$30,902$23,272$17,279$12,674$9,202$3,871
27 years$29,439$21,902$16,045$11,601$8,297$3,349
28 years$28,083$20,638$14,916$10,629$7,486$2,899
29 years$26,822$19,470$13,881$9,747$6,760$2,510
30 years$25,648$18,387$12,930$8,945$6,108$2,174
31 years$24,552$17,382$12,054$8,216$5,522$1,883
32 years$23,526$16,447$11,246$7,550$4,995$1,632
33 years$22,565$15,575$10,501$6,943$4,521$1,415
34 years$21,662$14,762$9,811$6,388$4,093$1,227
35 years$20,812$14,001$9,173$5,881$3,707$1,064
36 years$20,012$13,289$8,581$5,416$3,359$922
37 years$19,256$12,622$8,032$4,990$3,044$800
38 years$18,542$11,995$7,521$4,600$2,760$694
39 years$17,867$11,406$7,047$4,241$2,503$602
40 years$17,226$10,852$6,605$3,912$2,270$522
41 years$16,619$10,330$6,193$3,609$2,060$453
42 years$16,042$9,838$5,810$3,331$1,869$393
43 years$15,493$9,374$5,451$3,075$1,696$341
44 years$14,971$8,935$5,117$2,839$1,540$296
45 years$14,473$8,520$4,805$2,622$1,398$257
46 years$13,998$8,128$4,513$2,422$1,269$223
47 years$13,545$7,757$4,240$2,237$1,152$194
48 years$13,112$7,405$3,984$2,068$1,046$168
49 years$12,698$7,071$3,745$1,911$950$146
50 years$12,302$6,755$3,521$1,766$863$127

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,600,000, adding $2,374 every year, while hoping to spend $35,217 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: 59/21/20 Blend
69$12,600,000$12,600,000$12,600,000$12,600,000
70$13,887,649$13,219,849$13,024,549$14,633,657
71$15,266,718$13,830,151$13,423,401$15,750,267
72$16,785,273$14,469,177$13,834,434$16,963,424
73$18,457,502$15,138,298$14,258,019$18,285,724
74$20,299,043$15,838,951$14,694,538$19,727,729
75$22,327,126$16,572,640$15,144,385$21,301,055
76$24,560,736$17,340,943$15,607,966$23,018,479
77$27,020,797$18,145,515$16,085,699$24,894,054
78$29,730,363$18,988,089$16,578,014$26,943,242
79$32,714,837$19,870,483$17,085,355$29,183,050
80$36,002,215$20,794,602$17,608,179$31,632,196
81$39,623,346$21,762,442$18,146,957$34,311,274
82$43,612,222$22,776,096$18,702,175$37,242,948
83$48,006,303$23,837,760$19,274,333$40,452,158
84$52,846,869$24,949,732$19,863,945$43,966,358
85$58,179,405$26,114,425$20,471,543$47,815,764
86$64,054,038$27,334,365$21,097,674$52,033,635
87$70,526,004$28,612,203$21,742,900$56,656,586
88$77,656,172$29,950,717$22,407,803$61,724,925
89$85,511,617$31,352,817$23,092,980$67,283,028
90$94,166,255$32,821,558$23,799,047$73,379,753
91$103,701,538$34,360,140$24,526,641$80,068,895
92$114,207,226$35,971,917$25,276,414$87,409,689
93$125,782,229$37,660,408$26,049,040$95,467,359
94$138,535,548$39,429,299$26,845,214$104,313,730
95$152,587,297$41,282,458$27,665,652$114,027,898
96$168,069,839$43,223,936$28,511,089$124,696,970
97$185,129,038$45,257,984$29,382,286$136,416,874
98$203,925,631$47,389,057$30,280,024$149,293,263
99$224,636,750$49,621,825$31,205,109$163,442,501
100$247,457,590$51,961,186$32,158,372$178,992,749