Can I retire at age 70 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$966,175$957,569$949,172$940,977$932,974$909,313
2 years$478,304$469,397$460,763$452,393$444,274$420,589
3 years$315,702$306,756$298,144$289,852$281,865$258,898
4 years$234,417$225,498$216,973$208,822$201,029$178,955
5 years$185,659$176,793$168,380$160,396$152,819$131,701
6 years$153,164$144,365$136,076$128,270$120,920$100,778
7 years$129,962$121,237$113,080$105,458$98,341$79,177
8 years$112,569$103,923$95,901$88,466$81,583$63,388
9 years$99,048$90,484$82,599$75,353$68,705$51,464
10 years$88,237$79,757$72,012$64,955$58,540$42,232
11 years$79,398$71,003$63,398$56,530$50,346$34,947
12 years$72,038$63,728$56,264$49,585$43,629$29,112
13 years$65,814$57,592$50,268$43,776$38,045$24,382
14 years$60,484$52,349$45,166$38,859$33,350$20,509
15 years$55,870$47,822$40,779$34,656$29,364$17,314
16 years$51,835$43,876$36,972$31,030$25,952$14,660
17 years$48,280$40,408$33,643$27,881$23,011$12,444
18 years$45,122$37,339$30,712$25,126$20,460$10,584
19 years$42,301$34,605$28,115$22,704$18,237$9,018
20 years$39,765$32,157$25,803$20,562$16,289$7,695
21 years$37,473$29,953$23,734$18,662$14,577$6,574
22 years$35,392$27,960$21,874$16,968$13,066$5,623
23 years$33,495$26,150$20,197$15,453$11,729$4,813
24 years$31,759$24,501$18,679$14,094$10,542$4,124
25 years$30,164$22,993$17,300$12,871$9,487$3,535
26 years$28,695$21,610$16,045$11,769$8,545$3,032
27 years$27,336$20,337$14,899$10,772$7,704$2,602
28 years$26,077$19,164$13,851$9,870$6,952$2,234
29 years$24,906$18,079$12,889$9,051$6,277$1,918
30 years$23,816$17,074$12,006$8,306$5,672$1,648
31 years$22,798$16,140$11,193$7,629$5,128$1,416
32 years$21,846$15,272$10,443$7,011$4,638$1,217
33 years$20,953$14,463$9,751$6,447$4,198$1,046
34 years$20,114$13,707$9,111$5,932$3,801$899
35 years$19,326$13,001$8,518$5,461$3,442$773
36 years$18,582$12,340$7,968$5,029$3,119$665
37 years$17,881$11,720$7,458$4,634$2,827$572
38 years$17,218$11,138$6,984$4,271$2,563$492
39 years$16,590$10,592$6,543$3,938$2,324$423
40 years$15,996$10,077$6,133$3,632$2,108$364
41 years$15,432$9,592$5,751$3,351$1,912$313
42 years$14,896$9,135$5,395$3,093$1,735$269
43 years$14,386$8,704$5,062$2,855$1,575$232
44 years$13,901$8,297$4,752$2,636$1,430$199
45 years$13,439$7,912$4,462$2,435$1,298$172
46 years$12,998$7,548$4,190$2,249$1,178$148
47 years$12,578$7,203$3,937$2,078$1,070$127
48 years$12,176$6,876$3,700$1,920$972$109
49 years$11,791$6,566$3,477$1,774$883$94
50 years$11,423$6,272$3,269$1,640$802$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,700,000, adding $5,587 every year, while hoping to spend $29,064 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: 41/45/14 Blend
69$11,700,000$11,700,000$11,700,000$11,700,000
70$12,899,163$12,279,063$12,097,713$13,374,454
71$14,183,954$12,849,813$12,472,063$14,281,051
72$15,598,819$13,447,556$12,857,979$15,258,385
73$17,156,996$14,073,584$13,255,818$16,315,549
74$18,873,070$14,729,250$13,665,949$17,459,826
75$20,763,115$15,415,975$14,088,750$18,699,203
76$22,844,842$16,135,247$14,524,612$20,042,441
77$25,137,767$16,888,625$14,973,938$21,499,154
78$27,663,398$17,677,746$15,437,143$23,079,891
79$30,445,432$18,504,323$15,914,655$24,796,230
80$33,509,985$19,370,155$16,406,915$26,660,882
81$36,885,836$20,277,124$16,914,379$28,687,807
82$40,604,694$21,227,206$17,437,514$30,892,332
83$44,701,506$22,222,473$17,976,804$33,291,293
84$49,214,780$23,265,094$18,532,747$35,903,185
85$54,186,949$24,357,346$19,105,856$38,748,332
86$59,664,777$25,501,614$19,696,660$41,849,062
87$65,699,791$26,700,400$20,305,706$45,229,919
88$72,348,777$27,956,327$20,933,554$48,917,877
89$79,674,309$29,272,144$21,580,785$52,942,591
90$87,745,344$30,650,734$22,247,996$57,336,664
91$96,637,867$32,095,118$22,935,803$62,135,945
92$106,435,617$33,608,466$23,644,839$67,379,855
93$117,230,869$35,194,100$24,375,760$73,111,749
94$129,125,309$36,855,503$25,129,240$79,379,314
95$142,230,995$38,596,326$25,905,973$86,235,002
96$156,671,409$40,420,400$26,706,677$93,736,518
97$172,582,631$42,331,737$27,532,089$101,947,348
98$190,114,616$44,334,549$28,382,970$110,937,340
99$209,432,613$46,433,248$29,260,106$120,783,355
100$230,718,724$48,632,462$30,164,304$131,569,972