Can I retire at age 70 with 11,900,000?

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 $11,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$982,691$973,938$965,398$957,062$948,923$944,130
2 years$486,481$477,420$468,640$460,126$451,868$447,031
3 years$321,099$311,999$303,241$294,807$286,684$281,952
4 years$238,424$229,353$220,682$212,392$204,465$199,876
5 years$188,832$179,815$171,258$163,137$155,431$150,997
6 years$155,782$146,833$138,402$130,462$122,987$118,715
7 years$132,184$123,310$115,013$107,260$100,022$95,913
8 years$114,493$105,699$97,540$89,978$82,978$79,032
9 years$100,741$92,030$84,011$76,641$69,879$66,097
10 years$89,746$81,120$73,243$66,065$59,541$55,919
11 years$80,756$72,217$64,482$57,497$51,207$47,744
12 years$73,269$64,818$57,226$50,432$44,375$41,068
13 years$66,939$58,576$51,128$44,524$38,696$35,541
14 years$61,518$53,244$45,938$39,524$33,920$30,915
15 years$56,825$48,640$41,476$35,248$29,866$27,006
16 years$52,721$44,626$37,604$31,561$26,396$23,677
17 years$49,105$41,099$34,218$28,357$23,404$20,822
18 years$45,894$37,977$31,237$25,556$20,810$18,361
19 years$43,024$35,197$28,596$23,092$18,548$16,228
20 years$40,444$32,707$26,244$20,914$16,568$14,371
21 years$38,113$30,465$24,139$18,981$14,826$12,749
22 years$35,997$28,438$22,248$17,258$13,290$11,328
23 years$34,068$26,597$20,542$15,717$11,930$10,078
24 years$32,302$24,920$18,998$14,335$10,723$8,977
25 years$30,680$23,386$17,596$13,091$9,649$8,004
26 years$29,185$21,979$16,319$11,970$8,691$7,144
27 years$27,803$20,685$15,154$10,957$7,836$6,381
28 years$26,523$19,491$14,088$10,039$7,070$5,703
29 years$25,332$18,388$13,110$9,206$6,384$5,101
30 years$24,223$17,365$12,211$8,448$5,769$4,565
31 years$23,188$16,416$11,384$7,759$5,215$4,088
32 years$22,219$15,533$10,622$7,131$4,718$3,662
33 years$21,311$14,710$9,917$6,557$4,270$3,281
34 years$20,458$13,942$9,266$6,033$3,866$2,942
35 years$19,656$13,223$8,663$5,554$3,501$2,638
36 years$18,900$12,551$8,104$5,115$3,172$2,366
37 years$18,186$11,921$7,586$4,713$2,875$2,123
38 years$17,512$11,329$7,104$4,344$2,607$1,906
39 years$16,874$10,773$6,655$4,005$2,364$1,711
40 years$16,269$10,249$6,238$3,694$2,144$1,536
41 years$15,695$9,756$5,849$3,409$1,945$1,379
42 years$15,150$9,292$5,487$3,146$1,765$1,239
43 years$14,632$8,853$5,149$2,904$1,602$1,112
44 years$14,139$8,439$4,833$2,681$1,454$999
45 years$13,669$8,047$4,538$2,476$1,320$898
46 years$13,221$7,677$4,262$2,287$1,198$807
47 years$12,793$7,326$4,004$2,113$1,088$725
48 years$12,384$6,994$3,763$1,953$988$651
49 years$11,993$6,678$3,537$1,805$898$585
50 years$11,619$6,379$3,325$1,668$815$526

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $11,900,000, adding $5,528 every year, while hoping to spend $58,845 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: 48/41/11 Blend
69$11,900,000$11,900,000$11,900,000$11,900,000
70$13,119,502$12,488,802$12,304,352$13,709,406
71$14,395,081$13,038,143$12,653,937$14,665,114
72$15,798,796$13,612,429$13,013,261$15,695,611
73$17,343,656$14,212,821$13,382,588$16,813,137
74$19,043,993$14,840,533$13,762,189$18,025,828
75$20,915,600$15,496,839$14,152,343$19,342,616
76$22,975,879$16,183,071$14,553,333$20,773,312
77$25,244,002$16,900,626$14,965,454$22,328,691
78$27,741,099$17,650,965$15,389,005$24,020,593
79$30,490,449$18,435,620$15,824,295$25,862,025
80$33,517,705$19,256,196$16,271,639$27,867,284
81$36,851,134$20,114,373$16,731,362$30,052,081
82$40,521,884$21,011,911$17,203,796$32,433,687
83$44,564,276$21,950,654$17,689,283$35,031,089
84$49,016,130$22,932,534$18,188,172$37,865,163
85$53,919,122$23,959,575$18,700,822$40,958,865
86$59,319,174$25,033,896$19,227,602$44,337,440
87$65,266,891$26,157,719$19,768,888$48,028,654
88$71,818,036$27,333,369$20,325,068$52,063,048
89$79,034,057$28,563,285$20,896,538$56,474,219
90$86,982,664$29,850,019$21,483,706$61,299,129
91$95,738,475$31,196,249$22,086,989$66,578,446
92$105,383,711$32,604,777$22,706,815$72,356,915
93$116,008,978$34,078,539$23,343,621$78,683,777
94$127,714,120$35,620,614$23,997,859$85,613,221
95$140,609,162$37,234,226$24,669,989$93,204,885
96$154,815,347$38,922,753$25,360,484$101,524,408
97$170,466,280$40,689,736$26,069,828$110,644,040
98$187,709,191$42,538,883$26,798,518$120,643,312
99$206,706,322$44,474,082$27,547,062$131,609,774
100$227,636,461$46,499,406$28,315,983$143,639,809