Can I retire at age 70 with 11,600,000?

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 $11,600,000?

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$957,917$949,385$941,060$932,934$925,000$892,891
2 years$474,216$465,385$456,825$448,526$440,476$408,459
3 years$313,004$304,134$295,596$287,375$279,456$248,536
4 years$232,413$223,571$215,118$207,038$199,311$169,725
5 years$184,072$175,282$166,941$159,025$151,513$123,339
6 years$151,855$143,131$134,913$127,173$119,887$93,147
7 years$128,851$120,201$112,113$104,556$97,500$72,189
8 years$111,607$103,035$95,081$87,710$80,886$56,983
9 years$98,201$89,710$81,893$74,709$68,118$45,593
10 years$87,483$79,075$71,396$64,400$58,040$36,856
11 years$78,720$70,396$62,856$56,047$49,916$30,031
12 years$71,422$63,184$55,783$49,161$43,256$24,623
13 years$65,252$57,100$49,839$43,402$37,720$20,289
14 years$59,968$51,902$44,780$38,527$33,065$16,786
15 years$55,392$47,413$40,431$34,360$29,113$13,932
16 years$51,392$43,501$36,656$30,765$25,730$11,595
17 years$47,867$40,063$33,356$27,642$22,814$9,671
18 years$44,737$37,020$30,449$24,911$20,285$8,080
19 years$41,939$34,309$27,875$22,509$18,081$6,761
20 years$39,425$31,882$25,582$20,387$16,150$5,665
21 years$37,153$29,697$23,531$18,502$14,453$4,751
22 years$35,090$27,721$21,687$16,823$12,955$3,988
23 years$33,209$25,927$20,024$15,321$11,629$3,350
24 years$31,488$24,292$18,519$13,973$10,452$2,816
25 years$29,907$22,797$17,152$12,761$9,405$2,368
26 years$28,449$21,425$15,908$11,668$8,472$1,992
27 years$27,102$20,164$14,772$10,680$7,638$1,676
28 years$25,854$19,000$13,732$9,785$6,892$1,411
29 years$24,694$17,924$12,779$8,973$6,223$1,188
30 years$23,613$16,928$11,903$8,235$5,623$1,001
31 years$22,603$16,002$11,097$7,564$5,084$843
32 years$21,659$15,141$10,354$6,951$4,599$710
33 years$20,774$14,339$9,667$6,392$4,162$599
34 years$19,943$13,590$9,033$5,881$3,768$504
35 years$19,160$12,890$8,445$5,414$3,413$425
36 years$18,423$12,235$7,900$4,986$3,092$358
37 years$17,728$11,620$7,394$4,594$2,803$302
38 years$17,071$11,043$6,924$4,235$2,541$255
39 years$16,449$10,501$6,487$3,904$2,304$215
40 years$15,859$9,991$6,081$3,601$2,090$181
41 years$15,300$9,510$5,702$3,323$1,896$152
42 years$14,768$9,057$5,348$3,066$1,720$129
43 years$14,263$8,630$5,019$2,831$1,561$108
44 years$13,782$8,226$4,711$2,614$1,417$91
45 years$13,324$7,844$4,423$2,414$1,287$77
46 years$12,887$7,483$4,155$2,230$1,168$65
47 years$12,470$7,141$3,903$2,060$1,061$55
48 years$12,072$6,817$3,668$1,903$963$46
49 years$11,690$6,510$3,448$1,759$875$39
50 years$11,326$6,219$3,241$1,626$795$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,600,000, adding $4,680 every year, while hoping to spend $29,422 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: 29/46/25 Blend
69$11,600,000$11,600,000$11,600,000$11,600,000
70$12,788,027$12,173,227$11,993,427$13,059,377
71$14,061,101$12,738,411$12,363,902$13,836,857
72$15,463,043$13,330,302$12,745,802$14,669,233
73$17,006,965$13,950,179$13,139,479$15,563,533
74$18,707,318$14,599,380$13,545,294$16,525,114
75$20,580,025$15,279,310$13,963,622$17,559,838
76$22,642,632$15,991,441$14,394,847$18,674,122
77$24,914,473$16,737,314$14,839,367$19,874,994
78$27,416,854$17,518,547$15,297,591$21,170,146
79$30,173,253$18,336,836$15,769,940$22,568,010
80$33,209,541$19,193,957$16,256,849$24,077,824
81$36,554,226$20,091,773$16,758,766$25,709,712
82$40,238,725$21,032,237$17,276,152$27,474,777
83$44,297,656$22,017,397$17,809,483$29,385,193
84$48,769,166$23,049,400$18,359,251$31,454,313
85$53,695,296$24,130,495$18,925,960$33,696,790
86$59,122,368$25,263,041$19,510,132$36,128,700
87$65,101,431$26,449,511$20,112,303$38,767,689
88$71,688,739$27,692,499$20,733,027$41,633,130
89$78,946,281$28,994,723$21,372,874$44,746,292
90$86,942,370$30,359,032$22,032,433$48,130,534
91$95,752,282$31,788,415$22,712,310$51,811,511
92$105,458,971$33,286,004$23,413,129$55,817,406
93$116,153,852$34,855,084$24,135,535$60,179,185
94$127,937,659$36,499,097$24,880,189$64,930,875
95$140,921,402$38,221,655$25,647,778$70,109,870
96$155,227,411$40,026,542$26,439,005$75,757,274
97$170,990,492$41,917,728$27,254,596$81,918,270
98$188,359,199$43,899,373$28,095,302$88,642,535
99$207,497,235$45,975,841$28,961,892$95,984,691
100$228,585,002$48,151,705$29,855,164$104,004,802