Can I retire at age 70 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$867,080$859,357$851,821$844,466$837,285$808,220
2 years$429,248$421,253$413,506$405,993$398,707$369,726
3 years$283,323$275,294$267,565$260,124$252,956$224,968
4 years$210,374$202,370$194,719$187,405$180,410$153,630
5 years$166,617$158,661$151,110$143,945$137,145$111,643
6 years$137,455$129,558$122,119$115,114$108,518$84,314
7 years$116,633$108,803$101,482$94,641$88,254$65,343
8 years$101,023$93,264$86,065$79,392$73,216$51,579
9 years$88,889$81,203$74,127$67,625$61,658$41,270
10 years$79,187$71,577$64,626$58,293$52,536$33,361
11 years$71,255$63,720$56,896$50,732$45,183$27,183
12 years$64,649$57,192$50,493$44,499$39,154$22,288
13 years$59,064$51,685$45,113$39,286$34,143$18,365
14 years$54,281$46,980$40,534$34,874$29,930$15,194
15 years$50,139$42,917$36,597$31,101$26,353$12,611
16 years$46,519$39,376$33,180$27,848$23,290$10,495
17 years$43,328$36,264$30,193$25,021$20,651$8,754
18 years$40,494$33,509$27,562$22,549$18,362$7,314
19 years$37,962$31,056$25,232$20,375$16,366$6,120
20 years$35,686$28,859$23,156$18,453$14,619$5,128
21 years$33,630$26,881$21,299$16,748$13,082$4,300
22 years$31,762$25,092$19,631$15,227$11,726$3,610
23 years$30,060$23,468$18,125$13,868$10,526$3,032
24 years$28,502$21,988$16,763$12,648$9,461$2,549
25 years$27,071$20,635$15,526$11,551$8,514$2,143
26 years$25,752$19,393$14,399$10,562$7,669$1,803
27 years$24,532$18,251$13,371$9,668$6,914$1,517
28 years$23,402$17,198$12,430$8,858$6,239$1,277
29 years$22,352$16,225$11,567$8,123$5,633$1,076
30 years$21,373$15,322$10,775$7,454$5,090$906
31 years$20,460$14,485$10,045$6,846$4,602$763
32 years$19,605$13,706$9,372$6,292$4,163$643
33 years$18,804$12,979$8,751$5,786$3,767$542
34 years$18,051$12,301$8,176$5,324$3,411$457
35 years$17,344$11,668$7,644$4,901$3,089$385
36 years$16,676$11,074$7,151$4,513$2,799$324
37 years$16,047$10,518$6,693$4,158$2,537$273
38 years$15,452$9,996$6,268$3,833$2,300$230
39 years$14,889$9,505$5,872$3,534$2,086$194
40 years$14,355$9,043$5,504$3,260$1,892$164
41 years$13,849$8,608$5,161$3,008$1,716$138
42 years$13,368$8,198$4,841$2,776$1,557$116
43 years$12,911$7,811$4,543$2,562$1,413$98
44 years$12,475$7,446$4,264$2,366$1,283$83
45 years$12,061$7,100$4,004$2,185$1,165$70
46 years$11,665$6,773$3,761$2,018$1,057$59
47 years$11,288$6,464$3,533$1,865$960$50
48 years$10,927$6,171$3,320$1,723$872$42
49 years$10,582$5,893$3,121$1,592$792$35
50 years$10,252$5,629$2,934$1,472$719$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $10,500,000, adding $5,923 every year, while hoping to spend $40,258 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: 59/21/20 Blend
69$10,500,000$10,500,000$10,500,000$10,500,000
70$11,577,110$11,020,610$10,857,860$12,198,783
71$12,715,141$11,517,785$11,178,764$13,118,339
72$13,967,901$12,037,973$11,509,069$14,115,829
73$15,347,052$12,582,259$11,849,047$15,202,807
74$16,865,441$13,151,778$12,198,980$16,387,934
75$18,537,224$13,747,724$12,559,154$17,680,737
76$20,378,001$14,371,343$12,929,866$19,091,695
77$22,404,963$15,023,944$13,311,422$20,632,336
78$24,637,049$15,706,897$13,704,134$22,315,340
79$27,095,131$16,421,639$14,108,326$24,154,663
80$29,802,209$17,169,673$14,524,330$26,165,656
81$32,783,625$17,952,578$14,952,485$28,365,217
82$36,067,305$18,772,005$15,393,144$30,771,938
83$39,684,023$19,629,686$15,846,667$33,406,284
84$43,667,689$20,527,436$16,313,426$36,290,779
85$48,055,669$21,467,156$16,793,801$39,450,216
86$52,889,140$22,450,840$17,288,187$42,911,888
87$58,213,477$23,480,575$17,796,985$46,705,841
88$64,078,680$24,558,552$18,320,613$50,865,150
89$70,539,847$25,687,063$18,859,495$55,426,236
90$77,657,696$26,868,513$19,414,073$60,429,193
91$85,499,133$28,105,422$19,984,796$65,918,174
92$94,137,887$29,400,431$20,572,130$71,941,792
93$103,655,207$30,756,307$21,176,551$78,553,582
94$114,140,624$32,175,952$21,798,551$85,812,498
95$125,692,799$33,662,406$22,438,635$93,783,460
96$138,420,457$35,218,855$23,097,321$102,537,968
97$152,443,405$36,848,641$23,775,143$112,154,766
98$167,893,673$38,555,265$24,472,650$122,720,581
99$184,916,750$40,342,395$25,190,407$134,330,933
100$203,672,966$42,213,880$25,928,993$147,091,033