Can I retire at age 70 with 12,900,000?

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,001,360
2 years$527,361$517,540$508,021$498,792$489,840$462,522
3 years$348,082$338,218$328,723$319,581$310,775$284,297
4 years$258,460$248,626$239,226$230,240$221,647$196,215
5 years$204,701$194,926$185,649$176,846$168,493$144,175
6 years$168,873$159,172$150,032$141,425$133,322$110,143
7 years$143,292$133,672$124,678$116,274$108,427$86,387
8 years$124,114$114,582$105,736$97,539$89,951$69,040
9 years$109,207$99,764$91,071$83,082$75,751$55,950
10 years$97,287$87,937$79,398$71,617$64,544$45,828
11 years$87,542$78,285$69,900$62,328$55,510$37,850
12 years$79,426$70,265$62,035$54,670$48,104$31,469
13 years$72,564$63,499$55,424$48,266$41,947$26,302
14 years$66,688$57,718$49,799$42,845$36,771$22,079
15 years$61,600$52,727$44,962$38,210$32,376$18,600
16 years$57,152$48,376$40,764$34,213$28,614$15,715
17 years$53,231$44,552$37,094$30,740$25,371$13,310
18 years$49,750$41,168$33,862$27,703$22,559$11,296
19 years$46,639$38,154$30,999$25,032$20,107$9,603
20 years$43,843$35,455$28,449$22,671$17,960$8,176
21 years$41,316$33,025$26,168$20,576$16,072$6,969
22 years$39,022$30,828$24,118$18,708$14,407$5,946
23 years$36,931$28,832$22,268$17,038$12,932$5,078
24 years$35,017$27,014$20,595$15,539$11,624$4,340
25 years$33,258$25,351$19,075$14,192$10,460$3,712
26 years$31,638$23,826$17,691$12,976$9,422$3,176
27 years$30,140$22,423$16,427$11,877$8,494$2,719
28 years$28,751$21,129$15,271$10,882$7,665$2,328
29 years$27,461$19,933$14,211$9,979$6,921$1,994
30 years$26,259$18,825$13,237$9,158$6,254$1,709
31 years$25,136$17,796$12,341$8,411$5,654$1,465
32 years$24,086$16,838$11,514$7,730$5,114$1,256
33 years$23,102$15,946$10,751$7,108$4,628$1,077
34 years$22,178$15,113$10,045$6,540$4,190$923
35 years$21,308$14,335$9,391$6,021$3,795$792
36 years$20,488$13,606$8,785$5,545$3,439$679
37 years$19,715$12,922$8,223$5,109$3,117$583
38 years$18,984$12,281$7,700$4,709$2,826$500
39 years$18,292$11,678$7,214$4,342$2,562$429
40 years$17,636$11,111$6,762$4,005$2,324$368
41 years$17,014$10,576$6,341$3,695$2,109$316
42 years$16,424$10,072$5,948$3,410$1,913$271
43 years$15,862$9,597$5,581$3,148$1,736$233
44 years$15,327$9,148$5,239$2,907$1,576$200
45 years$14,817$8,723$4,919$2,684$1,431$171
46 years$14,332$8,322$4,620$2,479$1,299$147
47 years$13,868$7,941$4,341$2,291$1,180$126
48 years$13,424$7,581$4,079$2,117$1,071$108
49 years$13,001$7,240$3,834$1,956$973$93
50 years$12,595$6,916$3,605$1,808$884$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,900,000, adding $3,404 every year, while hoping to spend $35,139 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: 47/29/24 Blend
69$12,900,000$12,900,000$12,900,000$12,900,000
70$14,219,311$13,535,611$13,335,661$14,789,949
71$15,632,293$14,161,469$13,745,018$15,816,589
72$17,188,222$14,816,815$14,166,911$16,926,559
73$18,901,640$15,503,059$14,601,722$18,130,705
74$20,788,575$16,221,676$15,049,847$19,437,874
75$22,866,683$16,974,212$15,511,691$20,857,786
76$25,155,426$17,762,289$15,987,674$22,401,114
77$27,676,245$18,587,607$16,478,226$24,079,591
78$30,452,769$19,451,947$16,983,794$25,906,105
79$33,511,036$20,357,176$17,504,835$27,894,825
80$36,879,736$21,305,253$18,041,822$30,061,324
81$40,590,487$22,298,228$18,595,240$32,422,722
82$44,678,128$23,338,252$19,165,592$34,997,844
83$49,181,052$24,427,582$19,753,395$37,807,388
84$54,141,566$25,568,580$20,359,180$40,874,119
85$59,606,289$26,763,724$20,983,496$44,223,072
86$65,626,597$28,015,612$21,626,909$47,881,786
87$72,259,100$29,326,968$22,290,001$51,880,557
88$79,566,184$30,700,645$22,973,373$56,252,714
89$87,616,596$32,139,638$23,677,641$61,034,927
90$96,486,091$33,647,083$24,403,445$66,267,546
91$106,258,152$35,226,269$25,151,440$71,994,973
92$117,024,773$36,880,646$25,922,303$78,266,074
93$128,887,331$38,613,829$26,716,731$85,134,627
94$141,957,540$40,429,607$27,535,442$92,659,825
95$156,358,506$42,331,955$28,379,177$100,906,824
96$172,225,892$44,325,039$29,248,697$109,947,343
97$189,709,194$46,413,227$30,144,789$119,860,339
98$208,973,155$48,601,098$31,068,263$130,732,731
99$230,199,319$50,893,454$32,019,952$142,660,216
100$253,587,745$53,295,329$33,000,716$155,748,157