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

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 $12,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,065,270$1,055,781$1,046,523$1,037,487$1,028,664$1,002,170
2 years$527,361$517,540$508,021$498,792$489,840$463,324
3 years$348,082$338,218$328,723$319,581$310,775$285,066
4 years$258,460$248,626$239,226$230,240$221,647$196,944
5 years$204,701$194,926$185,649$176,846$168,493$144,863
6 years$168,873$159,172$150,032$141,425$133,322$110,790
7 years$143,292$133,672$124,678$116,274$108,427$86,993
8 years$124,114$114,582$105,736$97,539$89,951$69,605
9 years$109,207$99,764$91,071$83,082$75,751$56,477
10 years$97,287$87,937$79,398$71,617$64,544$46,317
11 years$87,542$78,285$69,900$62,328$55,510$38,303
12 years$79,426$70,265$62,035$54,670$48,104$31,887
13 years$72,564$63,499$55,424$48,266$41,947$26,688
14 years$66,688$57,718$49,799$42,845$36,771$22,434
15 years$61,600$52,727$44,962$38,210$32,376$18,925
16 years$57,152$48,376$40,764$34,213$28,614$16,013
17 years$53,231$44,552$37,094$30,740$25,371$13,582
18 years$49,750$41,168$33,862$27,703$22,559$11,544
19 years$46,639$38,154$30,999$25,032$20,107$9,829
20 years$43,843$35,455$28,449$22,671$17,960$8,380
21 years$41,316$33,025$26,168$20,576$16,072$7,154
22 years$39,022$30,828$24,118$18,708$14,407$6,114
23 years$36,931$28,832$22,268$17,038$12,932$5,230
24 years$35,017$27,014$20,595$15,539$11,624$4,477
25 years$33,258$25,351$19,075$14,192$10,460$3,835
26 years$31,638$23,826$17,691$12,976$9,422$3,286
27 years$30,140$22,423$16,427$11,877$8,494$2,818
28 years$28,751$21,129$15,271$10,882$7,665$2,417
29 years$27,461$19,933$14,211$9,979$6,921$2,074
30 years$26,259$18,825$13,237$9,158$6,254$1,780
31 years$25,136$17,796$12,341$8,411$5,654$1,528
32 years$24,086$16,838$11,514$7,730$5,114$1,312
33 years$23,102$15,946$10,751$7,108$4,628$1,127
34 years$22,178$15,113$10,045$6,540$4,190$968
35 years$21,308$14,335$9,391$6,021$3,795$832
36 years$20,488$13,606$8,785$5,545$3,439$715
37 years$19,715$12,922$8,223$5,109$3,117$614
38 years$18,984$12,281$7,700$4,709$2,826$528
39 years$18,292$11,678$7,214$4,342$2,562$454
40 years$17,636$11,111$6,762$4,005$2,324$390
41 years$17,014$10,576$6,341$3,695$2,109$335
42 years$16,424$10,072$5,948$3,410$1,913$288
43 years$15,862$9,597$5,581$3,148$1,736$248
44 years$15,327$9,148$5,239$2,907$1,576$213
45 years$14,817$8,723$4,919$2,684$1,431$183
46 years$14,332$8,322$4,620$2,479$1,299$157
47 years$13,868$7,941$4,341$2,291$1,180$135
48 years$13,424$7,581$4,079$2,117$1,071$116
49 years$13,001$7,240$3,834$1,956$973$100
50 years$12,595$6,916$3,605$1,808$884$86

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 $3,779 every year, while hoping to spend $55,412 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: 64/13/23 Blend
69$12,900,000$12,900,000$12,900,000$12,900,000
70$14,219,698$13,535,998$13,336,048$15,044,509
71$15,611,149$14,140,304$13,723,848$16,205,450
72$17,142,671$14,772,364$14,122,781$17,466,772
73$18,828,493$15,433,479$14,533,164$18,843,607
74$20,684,293$16,125,012$14,955,318$20,347,275
75$22,727,345$16,848,393$15,389,576$21,990,233
76$24,976,687$17,605,117$15,836,279$23,786,194
77$27,453,293$18,396,751$16,295,779$25,750,247
78$30,180,276$19,224,939$16,768,434$27,899,003
79$33,183,103$20,091,400$17,254,616$30,250,748
80$36,489,838$20,997,938$17,754,704$32,825,609
81$40,131,406$21,946,441$18,269,091$35,645,748
82$44,141,881$22,938,888$18,798,177$38,735,563
83$48,558,812$23,977,352$19,342,375$42,121,918
84$53,423,576$25,064,007$19,902,109$45,834,391
85$58,781,766$26,201,129$20,477,815$49,905,553
86$64,683,624$27,391,103$21,069,941$54,371,271
87$71,184,515$28,636,428$21,678,945$59,271,042
88$78,345,446$29,939,724$22,305,300$64,648,364
89$86,233,645$31,303,734$22,949,492$70,551,141
90$94,923,196$32,731,336$23,612,018$77,032,132
91$104,495,732$34,225,542$24,293,391$84,149,447
92$115,041,214$35,789,510$24,994,137$91,967,088
93$126,658,773$37,426,552$25,714,796$100,555,550
94$139,457,649$39,140,134$26,455,923$109,992,484
95$153,558,220$40,933,891$27,218,087$120,363,420
96$169,093,140$42,811,633$28,001,874$131,762,577
97$186,208,589$44,777,352$28,807,886$144,293,739
98$205,065,654$46,835,231$29,636,739$158,071,235
99$225,841,850$48,989,656$30,489,068$173,221,013
100$248,732,791$51,245,222$31,365,525$189,881,817