Can I retire at age 70 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$995,611
2 years$523,273$513,528$504,083$494,925$486,043$460,931
3 years$345,384$335,596$326,175$317,104$308,366$284,006
4 years$256,456$246,699$237,372$228,455$219,929$196,509
5 years$203,114$193,415$184,210$175,476$167,186$144,771
6 years$167,564$157,938$148,869$140,329$132,289$110,901
7 years$142,181$132,636$123,711$115,372$107,586$87,228
8 years$123,152$113,693$104,917$96,783$89,253$69,916
9 years$108,360$98,991$90,365$82,438$75,164$56,832
10 years$96,533$87,255$78,782$71,062$64,044$46,695
11 years$86,863$77,678$69,359$61,845$55,080$38,690
12 years$78,810$69,720$61,554$54,247$47,731$32,272
13 years$72,002$63,006$54,994$47,892$41,622$27,065
14 years$66,171$57,271$49,413$42,513$36,486$22,797
15 years$61,122$52,318$44,613$37,914$32,125$19,273
16 years$56,709$48,001$40,448$33,948$28,392$16,342
17 years$52,819$44,207$36,806$30,502$25,174$13,891
18 years$49,365$40,849$33,599$27,488$22,384$11,833
19 years$46,278$37,859$30,759$24,838$19,951$10,097
20 years$43,503$35,180$28,229$22,496$17,821$8,629
21 years$40,996$32,769$25,965$20,416$15,948$7,384
22 years$38,720$30,589$23,931$18,563$14,295$6,325
23 years$36,645$28,609$22,096$16,906$12,832$5,423
24 years$34,745$26,805$20,435$15,419$11,534$4,653
25 years$33,000$25,155$18,927$14,082$10,378$3,995
26 years$31,392$23,642$17,554$12,875$9,349$3,432
27 years$29,906$22,249$16,300$11,785$8,428$2,950
28 years$28,528$20,966$15,153$10,798$7,605$2,537
29 years$27,248$19,779$14,101$9,902$6,867$2,182
30 years$26,055$18,679$13,135$9,087$6,205$1,877
31 years$24,942$17,658$12,245$8,346$5,610$1,616
32 years$23,900$16,708$11,425$7,670$5,075$1,391
33 years$22,923$15,822$10,668$7,053$4,592$1,198
34 years$22,006$14,996$9,967$6,490$4,158$1,031
35 years$21,143$14,224$9,319$5,974$3,766$888
36 years$20,329$13,500$8,717$5,502$3,412$765
37 years$19,562$12,822$8,159$5,069$3,093$659
38 years$18,837$12,186$7,641$4,673$2,804$568
39 years$18,150$11,587$7,159$4,308$2,543$489
40 years$17,500$11,024$6,710$3,974$2,306$422
41 years$16,882$10,494$6,292$3,666$2,092$363
42 years$16,296$9,994$5,902$3,384$1,898$313
43 years$15,739$9,523$5,538$3,123$1,723$270
44 years$15,208$9,077$5,198$2,884$1,564$233
45 years$14,703$8,656$4,881$2,663$1,420$201
46 years$14,220$8,257$4,584$2,460$1,289$173
47 years$13,760$7,880$4,307$2,273$1,171$149
48 years$13,320$7,522$4,047$2,100$1,063$128
49 years$12,900$7,184$3,804$1,941$965$111
50 years$12,497$6,862$3,577$1,794$877$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $12,800,000, adding $3,438 every year, while hoping to spend $44,353 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: 29/43/28 Blend
69$12,800,000$12,800,000$12,800,000$12,800,000
70$14,109,146$13,430,746$13,232,346$14,396,171
71$15,501,088$14,041,662$13,628,439$15,234,240
72$17,033,521$14,681,025$14,036,314$16,130,493
73$18,720,729$15,350,184$14,456,319$17,093,162
74$20,578,451$16,050,551$14,888,813$18,128,017
75$22,624,029$16,783,603$15,334,164$19,241,374
76$24,876,572$17,550,893$15,792,751$20,440,151
77$27,357,140$18,354,044$16,264,965$21,731,921
78$30,088,934$19,194,758$16,751,208$23,124,986
79$33,097,525$20,074,821$17,251,893$24,628,440
80$36,411,087$20,996,101$17,767,446$26,252,255
81$40,060,667$21,960,560$18,298,305$28,007,364
82$44,080,478$22,970,249$18,844,920$29,905,757
83$48,508,218$24,027,323$19,407,756$31,960,587
84$53,385,430$25,134,036$19,987,290$34,186,287
85$58,757,894$26,292,754$20,584,015$36,598,695
86$64,676,054$27,505,954$21,198,434$39,215,198
87$71,195,500$28,776,233$21,831,070$42,054,881
88$78,377,487$30,106,315$22,482,457$45,138,706
89$86,289,518$31,499,052$23,153,147$48,489,690
90$95,005,979$32,957,436$23,843,707$52,133,120
91$104,608,839$34,484,600$24,554,721$56,096,774
92$115,188,427$36,083,832$25,286,791$60,411,177
93$126,844,282$37,758,574$26,040,533$65,109,870
94$139,686,092$39,512,438$26,816,585$70,229,722
95$153,834,734$41,349,208$27,615,601$75,811,257
96$169,423,408$43,272,850$28,438,254$81,899,031
97$186,598,899$45,287,523$29,285,239$88,542,027
98$205,522,960$47,397,586$30,157,269$95,794,112
99$226,373,841$49,607,607$31,055,077$103,714,525
100$249,347,970$51,922,377$31,979,419$112,368,419