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%12.7%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,001,307
2 years$519,185$509,516$500,145$491,059$482,246$470,760
3 years$342,685$332,974$323,627$314,626$305,956$294,751
4 years$254,453$244,771$235,517$226,670$218,211$207,372
5 years$201,527$191,904$182,771$174,105$165,880$155,439
6 years$166,255$156,704$147,706$139,233$131,255$121,225
7 years$141,070$131,600$122,745$114,471$106,746$97,130
8 years$122,190$112,805$104,097$96,027$88,556$79,355
9 years$107,513$98,217$89,659$81,794$74,577$65,786
10 years$95,779$86,574$78,167$70,507$63,543$55,157
11 years$86,184$77,071$68,817$61,362$54,649$46,661
12 years$78,195$69,175$61,073$53,823$47,358$39,759
13 years$71,439$62,514$54,565$47,517$41,297$34,078
14 years$65,654$56,824$49,027$42,181$36,201$29,351
15 years$60,645$51,909$44,264$37,618$31,874$25,384
16 years$56,266$47,626$40,132$33,683$28,170$22,028
17 years$52,406$43,862$36,519$30,264$24,978$19,171
18 years$48,979$40,530$33,337$27,274$22,209$16,727
19 years$45,916$37,563$30,518$24,644$19,795$14,625
20 years$43,163$34,905$28,008$22,320$17,682$12,811
21 years$40,676$32,513$25,762$20,257$15,823$11,240
22 years$38,417$30,350$23,744$18,418$14,183$9,875
23 years$36,358$28,385$21,923$16,774$12,732$8,686
24 years$34,474$26,595$20,275$15,299$11,443$7,648
25 years$32,743$24,958$18,779$13,972$10,297$6,741
26 years$31,147$23,457$17,417$12,775$9,276$5,946
27 years$29,672$22,076$16,173$11,693$8,363$5,248
28 years$28,306$20,802$15,035$10,713$7,546$4,635
29 years$27,035$19,624$13,991$9,824$6,814$4,096
30 years$25,852$18,533$13,032$9,016$6,157$3,621
31 years$24,747$17,520$12,150$8,281$5,566$3,203
32 years$23,713$16,577$11,336$7,610$5,035$2,834
33 years$22,744$15,699$10,584$6,998$4,557$2,508
34 years$21,834$14,879$9,889$6,439$4,126$2,221
35 years$20,977$14,112$9,246$5,927$3,737$1,967
36 years$20,171$13,395$8,649$5,459$3,386$1,742
37 years$19,409$12,722$8,095$5,030$3,068$1,543
38 years$18,689$12,090$7,581$4,636$2,782$1,367
39 years$18,008$11,497$7,103$4,275$2,523$1,212
40 years$17,363$10,938$6,657$3,943$2,288$1,074
41 years$16,751$10,412$6,242$3,638$2,076$952
42 years$16,169$9,916$5,856$3,357$1,884$844
43 years$15,616$9,448$5,495$3,099$1,710$748
44 years$15,089$9,006$5,158$2,861$1,552$664
45 years$14,588$8,588$4,843$2,643$1,409$589
46 years$14,109$8,193$4,549$2,441$1,279$522
47 years$13,653$7,818$4,273$2,255$1,161$463
48 years$13,216$7,464$4,016$2,084$1,055$411
49 years$12,799$7,127$3,775$1,926$958$364
50 years$12,400$6,808$3,549$1,780$870$323

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 $3,461 every year, while hoping to spend $27,036 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: 48/43/9 Blend
69$12,700,000$12,700,000$12,700,000$12,700,000
70$13,998,970$13,325,870$13,129,020$14,636,730
71$15,398,099$13,950,072$13,540,076$15,698,969
72$16,939,033$14,603,953$13,963,996$16,848,504
73$18,636,207$15,288,940$14,401,183$18,095,952
74$20,505,529$16,006,527$14,852,052$19,450,438
75$22,564,528$16,758,281$15,317,030$20,921,983
76$24,832,518$17,545,845$15,796,559$22,521,584
77$27,330,786$18,370,942$16,291,095$24,261,321
78$30,082,785$19,235,378$16,801,106$26,154,457
79$33,114,362$20,141,044$17,327,076$28,215,565
80$36,453,999$21,089,928$17,869,505$30,460,651
81$40,133,081$22,084,108$18,428,907$32,907,303
82$44,186,194$23,125,768$19,005,814$35,574,851
83$48,651,450$24,217,194$19,600,773$38,484,535
84$53,570,847$25,360,786$20,214,348$41,659,707
85$58,990,666$26,559,058$20,847,122$45,126,036
86$64,961,908$27,814,646$21,499,695$48,911,743
87$71,540,774$29,130,315$22,172,686$53,047,863
88$78,789,197$30,508,964$22,866,734$57,568,521
89$86,775,423$31,953,631$23,582,497$62,511,250
90$95,574,660$33,467,503$24,320,655$67,917,332
91$105,269,786$35,053,921$25,081,908$73,832,179
92$115,952,130$36,716,389$25,866,978$80,305,748
93$127,722,336$38,458,581$26,676,610$87,393,001
94$140,691,309$40,284,346$27,511,572$95,154,412
95$154,981,269$42,197,725$28,372,655$103,656,525
96$170,726,897$44,202,952$29,260,678$112,972,569
97$188,076,611$46,304,468$30,176,482$123,183,132
98$207,193,967$48,506,929$31,120,935$134,376,909
99$228,259,200$50,815,216$32,094,935$146,651,524
100$251,470,927$53,234,451$33,099,404$160,114,431