Can I retire at age 70 with 13,100,000?

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 $13,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,081,786$1,072,150$1,062,749$1,053,572$1,044,612$1,027,307
2 years$535,538$525,564$515,897$506,525$497,434$480,050
3 years$353,479$343,462$333,820$324,536$315,593$298,670
4 years$262,467$252,481$242,935$233,810$225,083$208,754
5 years$207,874$197,948$188,528$179,588$171,105$155,415
6 years$171,491$161,639$152,358$143,618$135,389$120,357
7 years$145,513$135,744$126,611$118,076$110,108$95,737
8 years$126,039$116,358$107,376$99,051$91,345$77,634
9 years$110,900$101,311$92,483$84,370$76,926$63,866
10 years$98,796$89,300$80,629$72,728$65,545$53,126
11 years$88,899$79,499$70,984$63,295$56,371$44,579
12 years$80,658$71,354$62,997$55,518$48,850$37,671
13 years$73,689$64,483$56,283$49,014$42,598$32,015
14 years$67,722$58,613$50,571$43,509$37,341$27,336
15 years$62,555$53,544$45,659$38,803$32,878$23,432
16 years$58,038$49,126$41,396$34,744$29,058$20,151
17 years$54,057$45,243$37,669$31,217$25,764$17,377
18 years$50,522$41,807$34,387$28,133$22,909$15,020
19 years$47,362$38,746$31,480$25,420$20,419$13,009
20 years$44,523$36,005$28,890$23,023$18,239$11,286
21 years$41,957$33,537$26,574$20,895$16,321$9,806
22 years$39,627$31,305$24,492$18,998$14,630$8,530
23 years$37,503$29,279$22,614$17,302$13,133$7,428
24 years$35,559$27,433$20,914$15,780$11,804$6,475
25 years$33,774$25,744$19,370$14,412$10,622$5,649
26 years$32,128$24,196$17,965$13,177$9,568$4,931
27 years$30,607$22,771$16,682$12,061$8,626$4,307
28 years$29,197$21,457$15,508$11,051$7,783$3,765
29 years$27,887$20,242$14,432$10,134$7,028$3,292
30 years$26,666$19,117$13,443$9,300$6,350$2,879
31 years$25,526$18,071$12,532$8,542$5,741$2,520
32 years$24,460$17,099$11,693$7,850$5,194$2,205
33 years$23,460$16,193$10,918$7,219$4,700$1,931
34 years$22,521$15,348$10,201$6,642$4,255$1,691
35 years$21,638$14,557$9,537$6,114$3,854$1,481
36 years$20,806$13,817$8,922$5,631$3,492$1,298
37 years$20,020$13,123$8,350$5,188$3,165$1,137
38 years$19,278$12,471$7,820$4,782$2,869$996
39 years$18,575$11,859$7,326$4,409$2,602$873
40 years$17,910$11,283$6,867$4,067$2,360$765
41 years$17,278$10,740$6,439$3,752$2,141$671
42 years$16,678$10,229$6,040$3,463$1,943$588
43 years$16,108$9,746$5,668$3,197$1,763$516
44 years$15,565$9,290$5,320$2,952$1,601$452
45 years$15,047$8,859$4,995$2,726$1,453$397
46 years$14,554$8,451$4,692$2,518$1,319$348
47 years$14,083$8,065$4,408$2,326$1,198$305
48 years$13,632$7,699$4,142$2,150$1,088$267
49 years$13,202$7,352$3,893$1,987$988$235
50 years$12,790$7,023$3,660$1,836$898$206

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $13,100,000, adding $6,096 every year, while hoping to spend $43,156 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: 64/22/14 Blend
69$13,100,000$13,100,000$13,100,000$13,100,000
70$14,442,488$13,748,188$13,545,138$15,318,143
71$15,869,704$14,375,932$13,952,982$16,532,827
72$17,441,050$15,032,988$14,373,043$17,853,597
73$19,171,181$15,720,749$14,805,684$19,295,264
74$21,076,246$16,440,670$15,251,280$20,869,610
75$23,174,041$17,194,281$15,710,215$22,589,592
76$25,484,173$17,983,181$16,182,887$24,469,468
77$28,028,250$18,809,048$16,669,705$26,524,922
78$30,830,081$19,673,640$17,171,089$28,773,214
79$33,915,901$20,578,800$17,687,473$31,233,334
80$37,314,621$21,526,459$18,219,301$33,926,184
81$41,058,098$22,518,641$18,767,033$36,874,765
82$45,181,437$23,557,468$19,331,143$40,104,395
83$49,723,323$24,645,164$19,912,115$43,642,940
84$54,726,383$25,784,057$20,510,451$47,521,074
85$60,237,589$26,976,592$21,126,667$51,772,566
86$66,308,707$28,225,328$21,761,294$56,434,592
87$72,996,775$29,532,949$22,414,877$61,548,078
88$80,364,650$30,902,267$23,087,980$67,158,087
89$88,481,598$32,336,232$23,781,180$73,314,236
90$97,423,946$33,837,933$24,495,076$80,071,156
91$107,275,807$35,410,610$25,230,279$87,489,006
92$118,129,868$37,057,659$25,987,422$95,634,032
93$130,088,270$38,782,639$26,767,156$104,579,188
94$143,263,566$40,589,281$27,570,148$114,404,814
95$157,779,791$42,481,497$28,397,090$125,199,391
96$173,773,626$44,463,387$29,248,689$137,060,367
97$191,395,692$46,539,249$30,125,676$150,095,070
98$210,811,969$48,713,588$31,028,802$164,421,711
99$232,205,364$50,991,129$31,958,841$180,170,493
100$255,777,439$53,376,822$32,916,590$197,484,831