Can I retire at age 70 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$933,143$924,831$916,722$908,807$901,078$888,346
2 years$461,952$453,349$445,011$436,926$429,085$416,282
3 years$304,909$296,268$287,951$279,943$272,229$259,754
4 years$226,403$217,789$209,555$201,683$194,156$182,104
5 years$179,311$170,749$162,623$154,912$147,594$136,001
6 years$147,927$139,429$131,424$123,884$116,786$105,665
7 years$125,519$117,093$109,214$101,852$94,979$84,333
8 years$108,720$100,370$92,622$85,441$78,794$68,623
9 years$95,662$87,390$79,775$72,777$66,356$56,655
10 years$85,221$77,030$69,550$62,734$56,538$47,300
11 years$76,684$68,575$61,231$54,598$48,625$39,840
12 years$69,575$61,550$54,341$47,890$42,137$33,796
13 years$63,564$55,623$48,550$42,279$36,745$28,835
14 years$58,417$50,560$43,622$37,531$32,210$24,720
15 years$53,959$46,187$39,385$33,471$28,360$21,277
16 years$50,063$42,376$35,708$29,970$25,065$18,375
17 years$46,629$39,027$32,493$26,927$22,224$15,913
18 years$43,580$36,062$29,662$24,267$19,761$13,815
19 years$40,855$33,422$27,154$21,927$17,613$12,017
20 years$38,405$31,057$24,921$19,859$15,732$10,472
21 years$36,192$28,929$22,922$18,024$14,079$9,140
22 years$34,182$27,004$21,126$16,388$12,620$7,987
23 years$32,350$25,256$19,506$14,925$11,328$6,988
24 years$30,673$23,664$18,040$13,612$10,182$6,120
25 years$29,133$22,207$16,709$12,431$9,162$5,364
26 years$27,714$20,871$15,497$11,367$8,253$4,705
27 years$26,402$19,642$14,390$10,404$7,441$4,130
28 years$25,185$18,509$13,377$9,532$6,714$3,627
29 years$24,055$17,461$12,449$8,741$6,063$3,187
30 years$23,002$16,490$11,596$8,022$5,478$2,802
31 years$22,019$15,588$10,810$7,368$4,953$2,464
32 years$21,099$14,750$10,086$6,771$4,480$2,167
33 years$20,237$13,968$9,417$6,227$4,054$1,907
34 years$19,427$13,239$8,799$5,729$3,671$1,679
35 years$18,665$12,557$8,227$5,274$3,325$1,478
36 years$17,947$11,918$7,696$4,857$3,012$1,301
37 years$17,269$11,320$7,203$4,475$2,730$1,146
38 years$16,629$10,758$6,745$4,125$2,475$1,009
39 years$16,023$10,229$6,320$3,803$2,245$889
40 years$15,449$9,732$5,923$3,508$2,036$783
41 years$14,904$9,264$5,554$3,237$1,847$690
42 years$14,387$8,823$5,210$2,987$1,676$608
43 years$13,894$8,407$4,889$2,757$1,521$536
44 years$13,426$8,013$4,589$2,546$1,381$473
45 years$12,980$7,641$4,309$2,351$1,253$417
46 years$12,554$7,290$4,047$2,172$1,138$367
47 years$12,148$6,956$3,802$2,007$1,033$324
48 years$11,759$6,641$3,573$1,854$938$285
49 years$11,388$6,342$3,358$1,714$852$252
50 years$11,033$6,058$3,157$1,584$774$222

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,300,000, adding $4,959 every year, while hoping to spend $52,342 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: 72/15/13 Blend
69$11,300,000$11,300,000$11,300,000$11,300,000
70$12,457,715$11,858,815$11,683,665$13,319,757
71$13,672,711$12,384,206$12,019,377$14,416,736
72$15,009,881$12,933,586$12,364,580$15,610,674
73$16,481,634$13,508,076$12,719,538$16,916,662
74$18,101,639$14,108,850$13,084,521$18,345,767
75$19,884,959$14,737,137$13,459,805$19,910,170
76$21,848,191$15,394,223$13,845,675$21,623,283
77$24,009,625$16,081,459$14,242,424$23,499,867
78$26,389,412$16,800,255$14,650,350$25,556,175
79$29,009,758$17,552,093$15,069,762$27,810,099
80$31,895,130$18,338,523$15,500,977$30,281,341
81$35,072,492$19,161,169$15,944,317$32,991,593
82$38,571,552$20,021,732$16,400,118$35,964,739
83$42,425,049$20,921,996$16,868,721$39,227,084
84$46,669,057$21,863,827$17,350,476$42,807,589
85$51,343,329$22,849,182$17,845,745$46,738,155
86$56,491,668$23,880,111$18,354,897$51,053,907
87$62,162,344$24,958,763$18,878,312$55,793,536
88$68,408,548$26,087,387$19,416,380$60,999,650
89$75,288,893$27,268,342$19,969,502$66,719,182
90$82,867,967$28,504,098$20,538,087$73,003,822
91$91,216,944$29,797,243$21,122,557$79,910,506
92$100,414,254$31,150,490$21,723,345$87,501,951
93$110,546,326$32,566,682$22,340,895$95,847,237
94$121,708,398$34,048,796$22,975,662$105,022,462
95$134,005,422$35,599,954$23,628,114$115,111,451
96$147,553,049$37,223,426$24,298,729$126,206,549
97$162,478,724$38,922,639$24,988,002$138,409,480
98$178,922,890$40,701,184$25,696,435$151,832,309
99$197,040,308$42,562,824$26,424,549$166,598,492
100$217,001,521$44,511,505$27,172,873$182,844,040