Can I retire at age 70 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$1,012,138
2 years$523,273$513,528$504,083$494,925$486,043$477,424
3 years$345,384$335,596$326,175$317,104$308,366$299,946
4 years$256,456$246,699$237,372$228,455$219,929$211,774
5 years$203,114$193,415$184,210$175,476$167,186$159,320
6 years$167,564$157,938$148,869$140,329$132,289$124,721
7 years$142,181$132,636$123,711$115,372$107,586$100,321
8 years$123,152$113,693$104,917$96,783$89,253$82,290
9 years$108,360$98,991$90,365$82,438$75,164$68,500
10 years$96,533$87,255$78,782$71,062$64,044$57,676
11 years$86,863$77,678$69,359$61,845$55,080$49,003
12 years$78,810$69,720$61,554$54,247$47,731$41,940
13 years$72,002$63,006$54,994$47,892$41,622$36,110
14 years$66,171$57,271$49,413$42,513$36,486$31,246
15 years$61,122$52,318$44,613$37,914$32,125$27,150
16 years$56,709$48,001$40,448$33,948$28,392$23,674
17 years$52,819$44,207$36,806$30,502$25,174$20,705
18 years$49,365$40,849$33,599$27,488$22,384$18,155
19 years$46,278$37,859$30,759$24,838$19,951$15,954
20 years$43,503$35,180$28,229$22,496$17,821$14,047
21 years$40,996$32,769$25,965$20,416$15,948$12,389
22 years$38,720$30,589$23,931$18,563$14,295$10,942
23 years$36,645$28,609$22,096$16,906$12,832$9,676
24 years$34,745$26,805$20,435$15,419$11,534$8,566
25 years$33,000$25,155$18,927$14,082$10,378$7,591
26 years$31,392$23,642$17,554$12,875$9,349$6,733
27 years$29,906$22,249$16,300$11,785$8,428$5,976
28 years$28,528$20,966$15,153$10,798$7,605$5,308
29 years$27,248$19,779$14,101$9,902$6,867$4,717
30 years$26,055$18,679$13,135$9,087$6,205$4,194
31 years$24,942$17,658$12,245$8,346$5,610$3,731
32 years$23,900$16,708$11,425$7,670$5,075$3,320
33 years$22,923$15,822$10,668$7,053$4,592$2,956
34 years$22,006$14,996$9,967$6,490$4,158$2,632
35 years$21,143$14,224$9,319$5,974$3,766$2,345
36 years$20,329$13,500$8,717$5,502$3,412$2,089
37 years$19,562$12,822$8,159$5,069$3,093$1,862
38 years$18,837$12,186$7,641$4,673$2,804$1,660
39 years$18,150$11,587$7,159$4,308$2,543$1,480
40 years$17,500$11,024$6,710$3,974$2,306$1,319
41 years$16,882$10,494$6,292$3,666$2,092$1,177
42 years$16,296$9,994$5,902$3,384$1,898$1,050
43 years$15,739$9,523$5,538$3,123$1,723$936
44 years$15,208$9,077$5,198$2,884$1,564$835
45 years$14,703$8,656$4,881$2,663$1,420$745
46 years$14,220$8,257$4,584$2,460$1,289$665
47 years$13,760$7,880$4,307$2,273$1,171$593
48 years$13,320$7,522$4,047$2,100$1,063$529
49 years$12,900$7,184$3,804$1,941$965$473
50 years$12,497$6,862$3,577$1,794$877$422

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,800,000, adding $6,708 every year, while hoping to spend $52,356 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: 44/48/8 Blend
69$12,800,000$12,800,000$12,800,000$12,800,000
70$14,112,519$13,434,119$13,235,719$14,701,064
71$15,496,290$14,036,685$13,623,410$15,711,936
72$17,019,450$14,667,021$14,022,333$16,800,980
73$18,696,163$15,326,434$14,432,810$17,980,079
74$20,542,034$16,016,291$14,855,171$19,257,515
75$22,574,257$16,738,025$15,289,755$20,642,376
76$24,811,781$17,493,138$15,736,911$22,144,633
77$27,275,483$18,283,202$16,196,998$23,775,231
78$29,988,368$19,109,866$16,670,384$25,546,187
79$32,975,789$19,974,856$17,157,448$27,470,692
80$36,265,677$20,879,981$17,658,580$29,563,235
81$39,888,813$21,827,138$18,174,181$31,839,729
82$43,879,117$22,818,313$18,704,661$34,317,654
83$48,273,964$23,855,587$19,250,444$37,016,217
84$53,114,539$24,941,142$19,811,965$39,956,521
85$58,446,227$26,077,263$20,389,670$43,161,760
86$64,319,038$27,266,344$20,984,020$46,657,429
87$70,788,082$28,510,897$21,595,486$50,471,551
88$77,914,086$29,813,551$22,224,555$54,634,936
89$85,763,970$31,177,061$22,871,724$59,181,461
90$94,411,474$32,604,317$23,537,507$64,148,380
91$103,937,862$34,098,345$24,222,430$69,576,662
92$114,432,677$35,662,318$24,927,035$75,511,369
93$125,994,599$37,299,560$25,651,879$82,002,067
94$138,732,364$39,013,555$26,397,534$89,103,283
95$152,765,801$40,807,955$27,164,587$96,875,006
96$168,226,954$42,686,586$27,953,642$105,383,240
97$185,261,335$44,653,460$28,765,320$114,700,612
98$204,029,293$46,712,781$29,600,260$124,907,040
99$224,707,528$48,868,955$30,459,116$136,090,478
100$247,490,761$51,126,599$31,342,562$148,347,722