Can I retire at age 70 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,026,724
2 years$539,626$529,576$519,835$510,392$501,232$475,335
3 years$356,177$346,083$336,368$327,013$318,002$292,881
4 years$264,470$254,408$244,790$235,594$226,802$202,650
5 years$209,461$199,459$189,967$180,959$172,411$149,295
6 years$172,800$162,873$153,521$144,714$136,423$114,367
7 years$146,624$136,781$127,577$118,978$110,948$89,954
8 years$127,001$117,246$108,195$99,807$92,042$72,101
9 years$111,746$102,084$93,189$85,014$77,513$58,608
10 years$99,550$89,982$81,244$73,283$66,045$48,154
11 years$89,578$80,106$71,526$63,778$56,801$39,899
12 years$81,273$71,899$63,477$55,942$49,222$33,281
13 years$74,252$64,975$56,713$49,388$42,923$27,911
14 years$68,239$59,061$50,957$43,841$37,626$23,510
15 years$63,032$53,953$46,007$39,099$33,129$19,875
16 years$58,481$49,501$41,712$35,009$29,279$16,852
17 years$54,469$45,589$37,956$31,455$25,961$14,325
18 years$50,907$42,126$34,649$28,347$23,083$12,202
19 years$47,724$39,042$31,720$25,614$20,575$10,413
20 years$44,863$36,280$29,111$23,199$18,378$8,899
21 years$42,277$33,793$26,776$21,054$16,446$7,614
22 years$39,930$31,544$24,679$19,143$14,742$6,522
23 years$37,790$29,503$22,786$17,434$13,233$5,592
24 years$35,831$27,642$21,073$15,901$11,894$4,798
25 years$34,032$25,941$19,518$14,522$10,703$4,120
26 years$32,373$24,380$18,102$13,278$9,641$3,539
27 years$30,841$22,945$16,809$12,153$8,692$3,042
28 years$29,420$21,621$15,627$11,135$7,843$2,616
29 years$28,100$20,397$14,542$10,211$7,082$2,250
30 years$26,869$19,262$13,545$9,371$6,399$1,936
31 years$25,721$18,209$12,628$8,607$5,785$1,666
32 years$24,647$17,230$11,782$7,910$5,233$1,434
33 years$23,639$16,317$11,001$7,274$4,736$1,235
34 years$22,693$15,465$10,279$6,693$4,288$1,064
35 years$21,803$14,668$9,610$6,161$3,884$916
36 years$20,965$13,922$8,990$5,674$3,519$789
37 years$20,173$13,223$8,414$5,228$3,189$680
38 years$19,425$12,566$7,880$4,819$2,891$586
39 years$18,717$11,949$7,382$4,443$2,622$505
40 years$18,046$11,369$6,919$4,098$2,378$435
41 years$17,410$10,822$6,488$3,781$2,158$375
42 years$16,806$10,307$6,086$3,489$1,958$323
43 years$16,231$9,820$5,711$3,221$1,777$278
44 years$15,683$9,361$5,361$2,974$1,613$240
45 years$15,162$8,926$5,034$2,747$1,464$207
46 years$14,665$8,515$4,728$2,537$1,329$178
47 years$14,190$8,126$4,442$2,344$1,207$154
48 years$13,737$7,757$4,174$2,166$1,096$132
49 years$13,303$7,408$3,923$2,002$996$114
50 years$12,888$7,076$3,688$1,850$904$98

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $13,200,000, adding $6,001 every year, while hoping to spend $32,726 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: 31/39/30 Blend
69$13,200,000$13,200,000$13,200,000$13,200,000
70$14,552,590$13,852,990$13,648,390$14,870,160
71$16,002,134$14,496,966$14,070,791$15,762,268
72$17,598,435$15,171,401$14,506,245$16,718,593
73$19,356,427$15,877,751$14,955,156$17,747,387
74$21,292,567$16,617,545$15,417,938$18,855,025
75$23,424,989$17,392,386$15,895,020$20,048,491
76$25,773,677$18,203,952$16,386,842$21,335,434
77$28,360,650$19,054,003$16,893,860$22,724,239
78$31,210,174$19,944,387$17,416,541$24,224,096
79$34,348,986$20,877,036$17,955,370$25,845,079
80$37,806,551$21,853,979$18,510,843$27,598,240
81$41,615,338$22,877,343$19,083,475$29,495,699
82$45,811,125$23,949,355$19,673,794$31,550,754
83$50,433,340$25,072,354$20,282,346$33,778,000
84$55,525,429$26,248,788$20,909,694$36,193,457
85$61,135,270$27,481,226$21,556,416$38,814,709
86$67,315,622$28,772,360$22,223,110$41,661,068
87$74,124,623$30,125,013$22,910,391$44,753,741
88$81,626,340$31,542,145$23,618,895$48,116,021
89$89,891,375$33,026,858$24,349,276$51,773,501
90$98,997,526$34,582,404$25,102,207$55,754,297
91$109,030,527$36,212,196$25,878,385$60,089,309
92$120,084,855$37,919,807$26,678,525$64,812,496
93$132,264,620$39,708,988$27,503,366$69,961,189
94$145,684,551$41,583,669$28,353,669$75,576,425
95$160,471,078$43,547,970$29,230,219$81,703,324
96$176,763,520$45,606,214$30,133,824$88,391,500
97$194,715,411$47,762,930$31,065,318$95,695,513
98$214,495,937$50,022,868$32,025,561$103,675,372
99$236,291,544$52,391,009$33,015,438$112,397,083
100$260,307,688$54,872,576$34,035,862$121,933,253