Can I retire at age 70 with 12,700,000?

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 $12,700,000?

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$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$993,081
2 years$519,185$509,516$500,145$491,059$482,246$462,543
3 years$342,685$332,974$323,627$314,626$305,956$286,801
4 years$254,453$244,771$235,517$226,670$218,211$199,750
5 years$201,527$191,904$182,771$174,105$165,880$148,167
6 years$166,255$156,704$147,706$139,233$131,255$114,309
7 years$141,070$131,600$122,745$114,471$106,746$90,570
8 years$122,190$112,805$104,097$96,027$88,556$73,146
9 years$107,513$98,217$89,659$81,794$74,577$59,924
10 years$95,779$86,574$78,167$70,507$63,543$49,633
11 years$86,184$77,071$68,817$61,362$54,649$41,465
12 years$78,195$69,175$61,073$53,823$47,358$34,881
13 years$71,439$62,514$54,565$47,517$41,297$29,507
14 years$65,654$56,824$49,027$42,181$36,201$25,076
15 years$60,645$51,909$44,264$37,618$31,874$21,391
16 years$56,266$47,626$40,132$33,683$28,170$18,306
17 years$52,406$43,862$36,519$30,264$24,978$15,707
18 years$48,979$40,530$33,337$27,274$22,209$13,508
19 years$45,916$37,563$30,518$24,644$19,795$11,639
20 years$43,163$34,905$28,008$22,320$17,682$10,045
21 years$40,676$32,513$25,762$20,257$15,823$8,681
22 years$38,417$30,350$23,744$18,418$14,183$7,511
23 years$36,358$28,385$21,923$16,774$12,732$6,505
24 years$34,474$26,595$20,275$15,299$11,443$5,640
25 years$32,743$24,958$18,779$13,972$10,297$4,893
26 years$31,147$23,457$17,417$12,775$9,276$4,247
27 years$29,672$22,076$16,173$11,693$8,363$3,689
28 years$28,306$20,802$15,035$10,713$7,546$3,206
29 years$27,035$19,624$13,991$9,824$6,814$2,787
30 years$25,852$18,533$13,032$9,016$6,157$2,424
31 years$24,747$17,520$12,150$8,281$5,566$2,109
32 years$23,713$16,577$11,336$7,610$5,035$1,835
33 years$22,744$15,699$10,584$6,998$4,557$1,597
34 years$21,834$14,879$9,889$6,439$4,126$1,391
35 years$20,977$14,112$9,246$5,927$3,737$1,211
36 years$20,171$13,395$8,649$5,459$3,386$1,055
37 years$19,409$12,722$8,095$5,030$3,068$919
38 years$18,689$12,090$7,581$4,636$2,782$800
39 years$18,008$11,497$7,103$4,275$2,523$697
40 years$17,363$10,938$6,657$3,943$2,288$608
41 years$16,751$10,412$6,242$3,638$2,076$529
42 years$16,169$9,916$5,856$3,357$1,884$461
43 years$15,616$9,448$5,495$3,099$1,710$402
44 years$15,089$9,006$5,158$2,861$1,552$350
45 years$14,588$8,588$4,843$2,643$1,409$305
46 years$14,109$8,193$4,549$2,441$1,279$266
47 years$13,653$7,818$4,273$2,255$1,161$232
48 years$13,216$7,464$4,016$2,084$1,055$202
49 years$12,799$7,127$3,775$1,926$958$176
50 years$12,400$6,808$3,549$1,780$870$154

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,700,000, adding $5,969 every year, while hoping to spend $31,810 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: 47/37/16 Blend
69$12,700,000$12,700,000$12,700,000$12,700,000
70$14,001,557$13,328,457$13,131,607$14,596,143
71$15,395,870$13,947,706$13,537,670$15,628,667
72$16,931,337$14,596,232$13,956,270$16,744,955
73$18,622,322$15,275,436$14,387,794$17,955,838
74$20,484,653$15,986,786$14,832,639$19,270,151
75$22,535,772$16,731,823$15,291,217$20,697,593
76$24,794,898$17,512,159$15,763,950$22,248,814
77$27,283,210$18,329,487$16,251,274$23,935,512
78$30,024,045$19,185,580$16,753,640$25,770,539
79$33,043,121$20,082,297$17,271,510$27,768,011
80$36,368,776$21,021,586$17,805,363$29,943,443
81$40,032,239$22,005,492$18,355,690$32,313,883
82$44,067,921$23,036,155$18,923,000$34,898,070
83$48,513,743$24,115,820$19,507,814$37,716,601
84$53,411,493$25,246,843$20,110,673$40,792,125
85$58,807,217$26,431,690$20,732,133$44,149,539
86$64,751,659$27,672,949$21,372,765$47,816,226
87$71,300,736$28,973,331$22,033,161$51,822,297
88$78,516,069$30,335,682$22,713,929$56,200,872
89$86,465,558$31,762,981$23,415,697$60,988,382
90$95,224,033$33,258,355$24,139,110$66,224,902
91$104,873,950$34,825,080$24,884,836$71,954,524
92$115,506,176$36,466,592$25,653,561$78,225,757
93$127,220,845$38,186,494$26,445,994$85,091,981
94$140,128,300$39,988,561$27,262,864$92,611,933
95$154,350,140$41,876,754$28,104,924$100,850,256
96$170,020,364$43,855,225$28,972,948$109,878,092
97$187,286,635$45,928,325$29,867,736$119,773,744
98$206,311,678$48,100,619$30,790,111$130,623,402
99$227,274,813$50,376,893$31,740,923$142,521,940
100$250,373,646$52,762,163$32,721,047$155,573,800