Can I retire at age 70 with 13,000,000?

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 $13,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,073,528$1,063,965$1,054,636$1,045,530$1,036,638$1,015,293
2 years$531,449$521,552$511,959$502,659$493,637$472,229
3 years$350,780$340,840$331,272$322,058$313,184$292,381
4 years$260,463$250,553$241,081$232,025$223,365$203,328
5 years$206,287$196,437$187,089$178,217$169,799$150,584
6 years$170,182$160,405$151,195$142,522$134,356$115,984
7 years$144,402$134,708$125,644$117,175$109,267$91,742
8 years$125,077$115,470$106,556$98,295$90,648$73,964
9 years$110,053$100,537$91,777$83,726$76,339$60,485
10 years$98,042$88,619$80,013$72,172$65,044$50,005
11 years$88,220$78,892$70,442$62,812$55,940$41,697
12 years$80,042$70,809$62,516$55,094$48,477$35,008
13 years$73,127$63,991$55,854$48,640$42,273$29,556
14 years$67,205$58,166$50,185$43,177$37,056$25,066
15 years$62,077$53,136$45,310$38,506$32,627$21,338
16 years$57,595$48,751$41,080$34,478$28,836$18,222
17 years$53,644$44,898$37,381$30,978$25,568$15,602
18 years$50,136$41,488$34,124$27,918$22,734$13,388
19 years$47,001$38,450$31,239$25,226$20,263$11,510
20 years$44,183$35,730$28,670$22,847$18,099$9,911
21 years$41,637$33,281$26,371$20,735$16,197$8,546
22 years$39,325$31,067$24,305$18,853$14,518$7,377
23 years$37,217$29,056$22,441$17,170$13,032$6,374
24 years$35,288$27,224$20,754$15,660$11,714$5,513
25 years$33,516$25,548$19,223$14,302$10,541$4,771
26 years$31,883$24,011$17,828$13,077$9,495$4,132
27 years$30,373$22,597$16,555$11,969$8,560$3,580
28 years$28,974$21,293$15,390$10,966$7,724$3,104
29 years$27,674$20,088$14,322$10,056$6,975$2,692
30 years$26,462$18,971$13,340$9,229$6,302$2,335
31 years$25,331$17,934$12,436$8,476$5,698$2,027
32 years$24,273$16,969$11,603$7,790$5,154$1,759
33 years$23,281$16,070$10,834$7,164$4,664$1,528
34 years$22,349$15,230$10,123$6,591$4,223$1,327
35 years$21,473$14,446$9,464$6,067$3,825$1,152
36 years$20,647$13,711$8,853$5,588$3,466$1,001
37 years$19,868$13,022$8,287$5,149$3,141$870
38 years$19,131$12,376$7,760$4,746$2,848$756
39 years$18,434$11,768$7,270$4,376$2,582$657
40 years$17,773$11,197$6,815$4,036$2,342$571
41 years$17,146$10,658$6,390$3,724$2,125$496
42 years$16,551$10,150$5,994$3,436$1,928$431
43 years$15,985$9,671$5,624$3,172$1,750$375
44 years$15,446$9,219$5,280$2,929$1,588$326
45 years$14,932$8,791$4,957$2,705$1,442$283
46 years$14,443$8,386$4,656$2,499$1,309$246
47 years$13,975$8,003$4,374$2,309$1,189$214
48 years$13,528$7,640$4,111$2,133$1,080$186
49 years$13,101$7,296$3,864$1,971$981$162
50 years$12,693$6,969$3,632$1,822$891$141

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $13,000,000, adding $2,476 every year, while hoping to spend $32,797 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: 51/34/15 Blend
69$13,000,000$13,000,000$13,000,000$13,000,000
70$14,328,554$13,639,554$13,438,054$15,000,663
71$15,755,171$14,272,996$13,853,333$16,095,513
72$17,326,203$14,936,378$14,281,425$17,281,512
73$19,056,347$15,631,132$14,722,724$18,570,175
74$20,961,796$16,358,759$15,177,637$19,971,200
75$23,060,395$17,120,833$15,646,583$21,495,243
76$25,371,806$17,919,005$16,129,994$23,154,010
77$27,917,697$18,755,004$16,628,316$24,960,366
78$30,721,945$19,630,642$17,142,008$26,928,448
79$33,810,861$20,547,821$17,671,542$29,073,793
80$37,213,438$21,508,533$18,217,408$31,413,483
81$40,961,624$22,514,867$18,780,107$33,966,297
82$45,090,626$23,569,012$19,360,157$36,752,884
83$49,639,241$24,673,264$19,958,093$39,795,947
84$54,650,219$25,830,029$20,574,464$43,120,460
85$60,170,672$27,041,831$21,209,840$46,753,887
86$66,252,514$28,311,315$21,864,803$50,726,438
87$72,952,954$29,641,253$22,539,957$55,071,350
88$80,335,033$31,034,552$23,235,924$59,825,186
89$88,468,222$32,494,261$23,953,343$65,028,175
90$97,429,076$34,023,574$24,692,874$70,724,586
91$107,301,955$35,625,842$25,455,199$76,963,132
92$118,179,823$37,304,578$26,241,017$83,797,422
93$130,165,126$39,063,463$27,051,052$91,286,457
94$143,370,755$40,906,359$27,886,048$99,495,177
95$157,921,114$42,837,313$28,746,774$108,495,064
96$173,953,297$44,860,570$29,634,020$118,364,802
97$191,618,376$46,980,580$30,548,601$129,191,011
98$211,082,830$49,202,009$31,491,360$141,069,051
99$232,530,119$51,529,748$32,463,161$154,103,908
100$256,162,413$53,968,927$33,464,898$168,411,175