Can I retire at age 70 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,024,562
2 years$543,714$533,587$523,774$514,258$505,029$469,122
3 years$358,875$348,705$338,916$329,490$320,411$285,723
4 years$266,474$256,335$246,644$237,379$228,520$195,316
5 years$211,048$200,970$191,406$182,330$173,717$142,086
6 years$174,109$164,107$154,685$145,811$137,456$107,423
7 years$147,735$137,817$128,544$119,879$111,789$83,348
8 years$127,963$118,135$109,015$100,564$92,740$65,870
9 years$112,593$102,857$93,895$85,658$78,100$52,768
10 years$100,304$90,664$81,860$73,838$66,545$42,710
11 years$90,256$80,713$72,068$64,261$57,231$34,845
12 years$81,889$72,443$63,958$56,366$49,595$28,609
13 years$74,814$65,468$57,143$49,762$43,248$23,606
14 years$68,756$59,508$51,343$44,173$37,911$19,557
15 years$63,510$54,362$46,356$39,395$33,380$16,256
16 years$58,924$49,876$42,028$35,274$29,501$13,548
17 years$54,882$45,934$38,244$31,693$26,158$11,316
18 years$51,293$42,445$34,912$28,562$23,258$9,469
19 years$48,086$39,338$31,960$25,808$20,731$7,936
20 years$45,202$36,554$29,331$23,374$18,517$6,659
21 years$42,597$34,049$26,979$21,214$16,571$5,593
22 years$40,232$31,783$24,866$19,288$14,853$4,702
23 years$38,076$29,726$22,959$17,566$13,333$3,956
24 years$36,102$27,852$21,233$16,021$11,984$3,331
25 years$34,289$26,137$19,666$14,632$10,784$2,805
26 years$32,619$24,565$18,239$13,378$9,714$2,364
27 years$31,074$23,119$16,937$12,246$8,758$1,993
28 years$29,643$21,784$15,745$11,220$7,902$1,680
29 years$28,312$20,551$14,652$10,289$7,136$1,417
30 years$27,073$19,408$13,648$9,442$6,447$1,196
31 years$25,916$18,347$12,723$8,672$5,829$1,009
32 years$24,833$17,360$11,871$7,970$5,273$851
33 years$23,818$16,441$11,084$7,329$4,772$718
34 years$22,865$15,582$10,356$6,743$4,320$606
35 years$21,968$14,779$9,683$6,208$3,913$512
36 years$21,123$14,028$9,058$5,717$3,546$432
37 years$20,326$13,323$8,478$5,267$3,213$365
38 years$19,572$12,662$7,939$4,855$2,913$308
39 years$18,859$12,040$7,438$4,477$2,642$260
40 years$18,183$11,455$6,972$4,129$2,396$220
41 years$17,542$10,904$6,537$3,810$2,174$186
42 years$16,933$10,385$6,132$3,516$1,973$157
43 years$16,354$9,895$5,754$3,245$1,790$132
44 years$15,802$9,432$5,401$2,997$1,625$112
45 years$15,277$8,994$5,072$2,768$1,475$94
46 years$14,776$8,580$4,764$2,556$1,339$80
47 years$14,298$8,188$4,475$2,362$1,216$67
48 years$13,841$7,816$4,205$2,182$1,105$57
49 years$13,404$7,464$3,953$2,017$1,003$48
50 years$12,985$7,130$3,716$1,864$911$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $13,300,000, adding $6,691 every year, while hoping to spend $52,450 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: 35/50/15 Blend
69$13,300,000$13,300,000$13,300,000$13,300,000
70$14,663,502$13,958,602$13,752,452$15,108,523
71$16,103,373$14,586,767$14,157,353$16,060,214
72$17,688,352$15,243,954$14,574,060$17,080,950
73$19,433,187$15,931,530$15,002,913$18,181,167
74$21,354,124$16,650,927$15,444,263$19,367,939
75$23,469,067$17,403,646$15,898,468$20,649,012
76$25,797,745$18,191,257$16,365,899$22,032,878
77$28,361,894$19,015,408$16,846,937$23,528,845
78$31,185,470$19,877,826$17,341,972$25,147,117
79$34,294,866$20,780,317$17,851,406$26,898,886
80$37,719,168$21,724,778$18,375,654$28,796,427
81$41,490,425$22,713,194$18,915,139$30,853,210
82$45,643,952$23,747,645$19,470,301$33,084,015
83$50,218,667$24,830,311$20,041,588$35,505,066
84$55,257,452$25,963,478$20,629,462$38,134,173
85$60,807,563$27,149,538$21,234,400$40,990,892
86$66,921,071$28,391,003$21,856,889$44,096,698
87$73,655,358$29,690,499$22,497,432$47,475,181
88$81,073,654$31,050,784$23,156,546$51,152,255
89$89,245,639$32,474,744$23,834,762$55,156,391
90$98,248,094$33,965,406$24,532,626$59,518,877
91$108,165,630$35,525,942$25,250,700$64,274,098
92$119,091,487$37,159,675$25,989,561$69,459,849
93$131,128,408$38,870,089$26,749,801$75,117,678
94$144,389,619$40,660,836$27,532,032$81,293,266
95$158,999,885$42,535,742$28,336,880$88,036,839
96$175,096,697$44,498,818$29,164,990$95,403,633
97$192,831,568$46,554,268$30,017,025$103,454,391
98$212,371,458$48,706,497$30,893,665$112,255,929
99$233,900,356$50,960,124$31,795,612$121,881,742
100$257,621,012$53,319,990$32,723,585$132,412,680