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

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,006,756
2 years$519,185$509,516$500,145$491,059$482,246$476,233
3 years$342,685$332,974$323,627$314,626$305,956$300,077
4 years$254,453$244,771$235,517$226,670$218,211$212,509
5 years$201,527$191,904$182,771$174,105$165,880$160,374
6 years$166,255$156,704$147,706$139,233$131,255$125,952
7 years$141,070$131,600$122,745$114,471$106,746$101,647
8 years$122,190$112,805$104,097$96,027$88,556$83,663
9 years$107,513$98,217$89,659$81,794$74,577$69,888
10 years$95,779$86,574$78,167$70,507$63,543$59,056
11 years$86,184$77,071$68,817$61,362$54,649$50,361
12 years$78,195$69,175$61,073$53,823$47,358$43,264
13 years$71,439$62,514$54,565$47,517$41,297$37,394
14 years$65,654$56,824$49,027$42,181$36,201$32,485
15 years$60,645$51,909$44,264$37,618$31,874$28,339
16 years$56,266$47,626$40,132$33,683$28,170$24,812
17 years$52,406$43,862$36,519$30,264$24,978$21,791
18 years$48,979$40,530$33,337$27,274$22,209$19,188
19 years$45,916$37,563$30,518$24,644$19,795$16,935
20 years$43,163$34,905$28,008$22,320$17,682$14,976
21 years$40,676$32,513$25,762$20,257$15,823$13,266
22 years$38,417$30,350$23,744$18,418$14,183$11,769
23 years$36,358$28,385$21,923$16,774$12,732$10,455
24 years$34,474$26,595$20,275$15,299$11,443$9,299
25 years$32,743$24,958$18,779$13,972$10,297$8,278
26 years$31,147$23,457$17,417$12,775$9,276$7,377
27 years$29,672$22,076$16,173$11,693$8,363$6,579
28 years$28,306$20,802$15,035$10,713$7,546$5,871
29 years$27,035$19,624$13,991$9,824$6,814$5,243
30 years$25,852$18,533$13,032$9,016$6,157$4,684
31 years$24,747$17,520$12,150$8,281$5,566$4,187
32 years$23,713$16,577$11,336$7,610$5,035$3,745
33 years$22,744$15,699$10,584$6,998$4,557$3,351
34 years$21,834$14,879$9,889$6,439$4,126$2,999
35 years$20,977$14,112$9,246$5,927$3,737$2,685
36 years$20,171$13,395$8,649$5,459$3,386$2,404
37 years$19,409$12,722$8,095$5,030$3,068$2,154
38 years$18,689$12,090$7,581$4,636$2,782$1,929
39 years$18,008$11,497$7,103$4,275$2,523$1,729
40 years$17,363$10,938$6,657$3,943$2,288$1,550
41 years$16,751$10,412$6,242$3,638$2,076$1,389
42 years$16,169$9,916$5,856$3,357$1,884$1,245
43 years$15,616$9,448$5,495$3,099$1,710$1,117
44 years$15,089$9,006$5,158$2,861$1,552$1,002
45 years$14,588$8,588$4,843$2,643$1,409$898
46 years$14,109$8,193$4,549$2,441$1,279$806
47 years$13,653$7,818$4,273$2,255$1,161$723
48 years$13,216$7,464$4,016$2,084$1,055$648
49 years$12,799$7,127$3,775$1,926$958$582
50 years$12,400$6,808$3,549$1,780$870$522

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 $4,264 every year, while hoping to spend $52,767 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: 78/12/10 Blend
69$12,700,000$12,700,000$12,700,000$12,700,000
70$13,999,798$13,326,698$13,129,848$15,067,811
71$15,371,634$13,923,563$13,513,555$16,367,151
72$16,881,629$14,547,905$13,908,346$17,784,633
73$18,543,818$15,201,016$14,314,540$19,337,740
74$20,373,670$15,884,248$14,732,459$21,039,971
75$22,388,225$16,599,017$15,162,437$22,906,188
76$24,606,262$17,346,807$15,604,817$24,952,754
77$27,048,475$18,129,175$16,059,952$27,197,688
78$29,737,663$18,947,748$16,528,204$29,660,831
79$32,698,950$19,804,233$17,009,945$32,364,033
80$35,960,023$20,700,420$17,505,557$35,331,355
81$39,551,386$21,638,182$18,015,435$38,589,297
82$43,506,658$22,619,483$18,539,982$42,167,042
83$47,862,879$23,646,380$19,079,614$46,096,734
84$52,660,869$24,721,029$19,634,758$50,413,773
85$57,945,608$25,845,689$20,205,852$55,157,152
86$63,766,660$27,022,728$20,793,347$60,369,821
87$70,178,642$28,254,625$21,397,708$66,099,087
88$77,241,742$29,543,980$22,019,410$72,397,060
89$85,022,283$30,893,518$22,658,942$79,321,143
90$93,593,347$32,306,092$23,316,809$86,934,567
91$103,035,472$33,784,694$23,993,525$95,306,988
92$113,437,405$35,332,459$24,689,624$104,515,140
93$124,896,944$36,952,673$25,405,649$114,643,556
94$137,521,856$38,648,778$26,142,162$125,785,360
95$151,430,900$40,424,383$26,899,740$138,043,148
96$166,754,944$42,283,270$27,678,973$151,529,944
97$183,638,201$44,229,402$28,480,471$166,370,271
98$202,239,588$46,266,934$29,304,858$182,701,316
99$222,734,231$48,400,218$30,152,776$200,674,224
100$245,315,114$50,633,820$31,024,884$220,455,520