Can I retire at age 70 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$999,207$990,306$981,623$973,147$964,871$946,164
2 years$494,657$485,444$476,516$467,859$459,462$440,691
3 years$326,495$317,243$308,337$299,762$291,502$273,252
4 years$242,431$233,207$224,391$215,962$207,902$190,313
5 years$192,006$182,837$174,136$165,879$158,043$141,167
6 years$158,400$149,300$140,728$132,655$125,054$108,908
7 years$134,405$125,382$116,946$109,063$101,703$86,291
8 years$116,417$107,476$99,179$91,490$84,372$69,691
9 years$102,434$93,577$85,423$77,929$71,054$57,093
10 years$91,254$82,484$74,474$67,176$60,541$47,288
11 years$82,113$73,430$65,565$58,463$52,067$39,506
12 years$74,500$65,907$58,188$51,280$45,121$33,233
13 years$68,064$59,561$51,987$45,273$39,346$28,113
14 years$62,552$54,139$46,710$40,188$34,490$23,891
15 years$57,780$49,457$42,173$35,841$30,368$20,381
16 years$53,608$45,376$38,236$32,091$26,839$17,441
17 years$49,930$41,789$34,793$28,834$23,798$14,965
18 years$46,665$38,615$31,762$25,985$21,160$12,870
19 years$43,747$35,788$29,077$23,480$18,860$11,089
20 years$41,124$33,256$26,685$21,265$16,846$9,570
21 years$38,754$30,977$24,545$19,300$15,076$8,271
22 years$36,602$28,916$22,622$17,548$13,513$7,156
23 years$34,641$27,044$20,887$15,981$12,130$6,198
24 years$32,845$25,339$19,317$14,576$10,903$5,373
25 years$31,196$23,779$17,892$13,311$9,811$4,661
26 years$29,676$22,349$16,594$12,171$8,837$4,047
27 years$28,271$21,033$15,409$11,141$7,968$3,515
28 years$26,968$19,819$14,324$10,207$7,189$3,055
29 years$25,758$18,697$13,330$9,360$6,492$2,656
30 years$24,630$17,657$12,416$8,590$5,866$2,310
31 years$23,578$16,692$11,576$7,890$5,303$2,009
32 years$22,593$15,794$10,800$7,251$4,797$1,749
33 years$21,669$14,957$10,084$6,668$4,341$1,522
34 years$20,802$14,176$9,422$6,135$3,931$1,325
35 years$19,986$13,446$8,809$5,647$3,560$1,154
36 years$19,218$12,762$8,241$5,201$3,226$1,005
37 years$18,492$12,121$7,713$4,792$2,924$875
38 years$17,806$11,519$7,223$4,417$2,650$763
39 years$17,158$10,954$6,767$4,073$2,403$664
40 years$16,543$10,421$6,343$3,757$2,180$579
41 years$15,959$9,920$5,948$3,466$1,978$504
42 years$15,405$9,448$5,579$3,199$1,795$440
43 years$14,878$9,002$5,235$2,953$1,629$383
44 years$14,377$8,581$4,914$2,726$1,478$334
45 years$13,899$8,182$4,614$2,518$1,342$291
46 years$13,443$7,806$4,334$2,326$1,219$254
47 years$13,008$7,449$4,071$2,149$1,107$221
48 years$12,592$7,111$3,826$1,985$1,005$193
49 years$12,194$6,791$3,596$1,835$913$168
50 years$11,814$6,487$3,381$1,696$829$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,100,000, adding $6,692 every year, while hoping to spend $20,971 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: 45/34/21 Blend
69$12,100,000$12,100,000$12,100,000$12,100,000
70$13,341,103$12,699,803$12,512,253$13,860,481
71$14,679,582$13,299,780$12,909,100$14,826,384
72$16,153,884$13,928,454$13,318,539$15,870,624
73$17,777,839$14,587,207$13,740,970$17,002,627
74$19,566,690$15,277,491$14,176,803$18,230,558
75$21,537,232$16,000,828$14,626,466$19,563,382
76$23,707,974$16,758,813$15,090,397$21,010,940
77$26,099,311$17,553,119$15,569,049$22,584,043
78$28,733,718$18,385,498$16,062,889$24,294,561
79$31,635,961$19,257,791$16,572,399$26,155,538
80$34,833,331$20,171,926$17,098,077$28,181,302
81$38,355,905$21,129,924$17,640,437$30,387,602
82$42,236,822$22,133,905$18,200,006$32,791,742
83$46,512,605$23,186,093$18,777,333$35,412,744
84$51,223,497$24,288,819$19,372,981$38,271,521
85$56,413,849$25,444,526$19,987,531$41,391,063
86$62,132,532$26,655,777$20,621,583$44,796,650
87$68,433,401$27,925,261$21,275,757$48,516,081
88$75,375,804$29,255,795$21,950,691$52,579,932
89$83,025,141$30,650,335$22,647,044$57,021,831
90$91,453,483$32,111,978$23,365,497$61,878,770
91$100,740,248$33,643,975$24,106,752$67,191,446
92$110,972,957$35,249,733$24,871,531$73,004,630
93$122,248,053$36,932,825$25,660,582$79,367,588
94$134,671,819$38,696,998$26,474,676$86,334,527
95$148,361,375$40,546,181$27,314,608$93,965,102
96$163,445,786$42,484,495$28,181,198$102,324,963
97$180,067,280$44,516,260$29,075,293$111,486,368
98$198,382,593$46,646,006$29,997,765$121,528,845
99$218,564,444$48,878,487$30,949,517$132,539,938
100$240,803,169$51,218,684$31,931,477$144,616,013