Can I retire at age 70 with 13,400,000?

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 $13,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,106,559$1,096,703$1,087,086$1,077,700$1,068,535$1,056,497
2 years$547,802$537,599$527,712$518,125$508,826$496,708
3 years$361,573$351,327$341,464$331,968$322,820$310,997
4 years$268,478$258,263$248,499$239,164$230,238$218,801
5 years$212,635$202,481$192,845$183,701$175,023$164,007
6 years$175,418$165,341$155,848$146,907$138,490$127,907
7 years$148,845$138,853$129,510$120,780$112,629$102,484
8 years$128,925$119,023$109,835$101,320$93,437$83,728
9 years$113,439$103,631$94,601$86,302$78,687$69,412
10 years$101,058$91,345$82,475$74,393$67,046$58,197
11 years$90,935$81,319$72,610$64,744$57,661$49,233
12 years$82,505$72,988$64,439$56,789$49,968$41,950
13 years$75,377$65,960$57,572$50,137$43,573$35,956
14 years$69,273$59,956$51,729$44,506$38,196$30,969
15 years$63,987$54,771$46,704$39,691$33,631$26,783
16 years$59,367$50,251$42,344$35,539$29,723$23,242
17 years$55,295$46,279$38,532$31,932$26,354$20,228
18 years$51,679$42,764$35,174$28,777$23,433$17,649
19 years$48,447$39,633$32,200$26,002$20,887$15,431
20 years$45,542$36,829$29,552$23,550$18,656$13,517
21 years$42,918$34,305$27,182$21,373$16,695$11,859
22 years$40,535$32,022$25,053$19,433$14,965$10,419
23 years$38,362$29,950$23,132$17,698$13,433$9,165
24 years$36,374$28,061$21,393$16,142$12,074$8,070
25 years$34,547$26,334$19,814$14,742$10,865$7,112
26 years$32,864$24,750$18,376$13,479$9,787$6,273
27 years$31,308$23,292$17,064$12,338$8,824$5,537
28 years$29,866$21,948$15,863$11,304$7,962$4,890
29 years$28,525$20,706$14,762$10,366$7,189$4,322
30 years$27,277$19,554$13,750$9,513$6,496$3,821
31 years$26,111$18,485$12,819$8,737$5,873$3,379
32 years$25,020$17,491$11,960$8,030$5,312$2,990
33 years$23,997$16,564$11,168$7,384$4,808$2,646
34 years$23,037$15,699$10,434$6,794$4,353$2,343
35 years$22,134$14,890$9,755$6,254$3,943$2,075
36 years$21,282$14,133$9,126$5,760$3,572$1,838
37 years$20,479$13,423$8,542$5,307$3,238$1,628
38 years$19,720$12,757$7,999$4,892$2,935$1,443
39 years$19,001$12,130$7,494$4,510$2,662$1,279
40 years$18,320$11,541$7,024$4,160$2,414$1,133
41 years$17,674$10,986$6,586$3,838$2,190$1,005
42 years$17,060$10,463$6,178$3,542$1,987$891
43 years$16,477$9,969$5,798$3,270$1,804$790
44 years$15,921$9,502$5,442$3,019$1,637$700
45 years$15,392$9,061$5,110$2,788$1,486$621
46 years$14,887$8,644$4,799$2,576$1,350$551
47 years$14,405$8,249$4,509$2,380$1,225$488
48 years$13,945$7,875$4,237$2,199$1,113$433
49 years$13,504$7,520$3,983$2,032$1,011$384
50 years$13,083$7,184$3,744$1,878$918$341

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $13,400,000, adding $6,603 every year, while hoping to spend $27,733 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: 62/15/23 Blend
69$13,400,000$13,400,000$13,400,000$13,400,000
70$14,773,611$14,063,411$13,855,711$15,599,838
71$16,251,012$14,723,010$14,290,370$16,819,209
72$17,878,178$15,414,001$14,738,660$18,146,315
73$19,670,356$16,137,891$15,201,009$19,594,685
74$21,644,347$16,896,263$15,677,858$21,176,151
75$23,818,665$17,690,774$16,169,661$22,903,733
76$26,213,712$18,523,165$16,676,887$24,791,754
77$28,851,968$19,395,257$17,200,020$26,855,976
78$31,758,206$20,308,963$17,739,559$29,113,744
79$34,959,726$21,266,285$18,296,017$31,584,149
80$38,486,610$22,269,324$18,869,925$34,288,199
81$42,372,007$23,320,284$19,461,830$37,249,021
82$46,652,447$24,421,473$20,072,297$40,492,072
83$51,368,184$25,575,313$20,701,907$44,045,373
84$56,563,579$26,784,343$21,351,260$47,939,775
85$62,287,512$28,051,224$22,020,975$52,209,242
86$68,593,852$29,378,747$22,711,692$56,891,171
87$75,541,958$30,769,839$23,424,067$62,026,734
88$83,197,244$32,227,568$24,158,779$67,661,270
89$91,631,795$33,755,151$24,916,530$73,844,702
90$100,925,045$35,355,961$25,698,042$80,632,006
91$111,164,532$37,033,535$26,504,058$88,083,724
92$122,446,718$38,791,581$27,335,347$96,266,531
93$134,877,904$40,633,990$28,192,702$105,253,854
94$148,575,232$42,564,837$29,076,940$115,126,567
95$163,667,790$44,588,399$29,988,902$125,973,741
96$180,297,833$46,709,159$30,929,459$137,893,481
97$198,622,122$48,931,818$31,899,506$150,993,847
98$218,813,407$51,261,305$32,899,967$165,393,863
99$241,062,055$53,702,790$33,931,797$181,224,636
100$265,577,851$56,261,692$34,995,978$198,630,586