Can I retire at age 70 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$974,433$965,753$957,285$949,019$940,949$928,421
2 years$482,393$473,408$464,701$456,259$448,071$435,469
3 years$318,401$309,378$300,693$292,330$284,274$271,991
4 years$236,421$227,425$218,827$210,607$202,747$190,876
5 years$187,245$178,304$169,819$161,766$154,125$142,701
6 years$154,473$145,599$137,239$129,366$121,954$110,991
7 years$131,073$122,274$114,046$106,359$99,181$88,683
8 years$113,531$104,811$96,720$89,222$82,280$72,246
9 years$99,894$91,257$83,305$75,997$69,292$59,716
10 years$88,992$80,438$72,627$65,510$59,040$49,917
11 years$80,077$71,610$63,940$57,014$50,777$42,096
12 years$72,653$64,273$56,745$50,009$44,002$35,756
13 years$66,377$58,084$50,698$44,150$38,370$30,547
14 years$61,001$52,797$45,552$39,192$33,635$26,223
15 years$56,347$48,231$41,128$34,952$29,615$22,601
16 years$52,278$44,251$37,288$31,296$26,174$19,545
17 years$48,692$40,753$33,931$28,119$23,208$16,951
18 years$45,508$37,658$30,974$25,341$20,635$14,737
19 years$42,662$34,901$28,356$22,898$18,393$12,838
20 years$40,104$32,432$26,023$20,738$16,429$11,204
21 years$37,793$30,209$23,936$18,821$14,702$9,793
22 years$35,695$28,199$22,061$17,113$13,178$8,572
23 years$33,782$26,374$20,370$15,585$11,829$7,511
24 years$32,031$24,711$18,838$14,214$10,633$6,588
25 years$30,422$23,190$17,448$12,981$9,568$5,783
26 years$28,940$21,795$16,182$11,870$8,618$5,081
27 years$27,570$20,511$15,027$10,864$7,770$4,467
28 years$26,300$19,328$13,969$9,954$7,011$3,929
29 years$25,119$18,233$13,000$9,128$6,331$3,458
30 years$24,020$17,219$12,109$8,377$5,720$3,045
31 years$22,993$16,278$11,289$7,694$5,172$2,682
32 years$22,033$15,402$10,532$7,071$4,678$2,363
33 years$21,132$14,586$9,834$6,502$4,234$2,083
34 years$20,286$13,825$9,188$5,983$3,833$1,837
35 years$19,491$13,112$8,591$5,507$3,472$1,620
36 years$18,741$12,446$8,036$5,072$3,146$1,429
37 years$18,034$11,820$7,522$4,673$2,851$1,260
38 years$17,365$11,234$7,044$4,308$2,585$1,112
39 years$16,732$10,682$6,599$3,972$2,344$981
40 years$16,132$10,163$6,186$3,663$2,126$866
41 years$15,564$9,674$5,800$3,380$1,929$764
42 years$15,023$9,213$5,441$3,119$1,750$675
43 years$14,509$8,779$5,105$2,879$1,588$596
44 years$14,020$8,368$4,792$2,659$1,442$526
45 years$13,554$7,979$4,500$2,455$1,309$464
46 years$13,109$7,612$4,226$2,268$1,188$410
47 years$12,685$7,264$3,971$2,095$1,079$362
48 years$12,280$6,935$3,731$1,936$980$320
49 years$11,892$6,622$3,507$1,789$890$282
50 years$11,521$6,326$3,297$1,654$808$249

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,800,000, adding $5,264 every year, while hoping to spend $25,567 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: 34/50/16 Blend
69$11,800,000$11,800,000$11,800,000$11,800,000
70$13,009,030$12,383,630$12,200,730$13,386,599
71$14,308,748$12,963,225$12,582,251$14,242,770
72$15,740,180$13,570,363$12,975,697$15,162,658
73$17,316,735$14,206,366$13,381,439$16,154,096
74$19,053,186$14,872,623$13,799,861$17,223,410
75$20,965,815$15,570,585$14,231,360$18,377,529
76$23,072,562$16,301,778$14,676,345$19,624,040
77$25,393,196$17,067,798$15,135,236$20,971,260
78$27,949,503$17,870,321$15,608,467$22,428,301
79$30,765,489$18,711,104$16,096,487$24,005,152
80$33,867,607$19,591,986$16,599,758$25,712,769
81$37,285,009$20,514,899$17,118,755$27,563,163
82$41,049,816$21,481,865$17,653,970$29,569,514
83$45,197,429$22,495,009$18,205,910$31,746,281
84$49,766,855$23,556,552$18,775,096$34,109,335
85$54,801,081$24,668,829$19,362,068$36,676,092
86$60,347,474$25,834,285$19,967,380$39,465,676
87$66,458,235$27,055,484$20,591,606$42,499,085
88$73,190,886$28,335,114$21,235,336$45,799,378
89$80,608,816$29,675,994$21,899,180$49,391,887
90$88,781,877$31,081,079$22,583,764$53,304,436
91$97,787,046$32,553,469$23,289,737$57,567,601
92$107,709,148$34,096,413$24,017,767$62,214,978
93$118,641,662$35,713,318$24,768,543$67,283,493
94$130,687,596$37,407,755$25,542,774$72,813,732
95$143,960,467$39,183,472$26,341,193$78,850,314
96$158,585,368$41,044,394$27,164,556$85,442,293
97$174,700,147$42,994,641$28,013,640$92,643,608
98$192,456,714$45,038,531$28,889,249$100,513,574
99$212,022,472$47,180,592$29,792,212$109,117,425
100$233,581,895$49,425,572$30,723,382$118,526,911