Can I retire at age 70 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,015,644
2 years$539,626$529,576$519,835$510,392$501,232$464,401
3 years$356,177$346,083$336,368$327,013$318,002$282,440
4 years$264,470$254,408$244,790$235,594$226,802$192,780
5 years$209,461$199,459$189,967$180,959$172,411$140,019
6 years$172,800$162,873$153,521$144,714$136,423$105,686
7 years$146,624$136,781$127,577$118,978$110,948$81,860
8 years$127,001$117,246$108,195$99,807$92,042$64,579
9 years$111,746$102,084$93,189$85,014$77,513$51,639
10 years$99,550$89,982$81,244$73,283$66,045$41,717
11 years$89,578$80,106$71,526$63,778$56,801$33,969
12 years$81,273$71,899$63,477$55,942$49,222$27,833
13 years$74,252$64,975$56,713$49,388$42,923$22,919
14 years$68,239$59,061$50,957$43,841$37,626$18,948
15 years$63,032$53,953$46,007$39,099$33,129$15,716
16 years$58,481$49,501$41,712$35,009$29,279$13,070
17 years$54,469$45,589$37,956$31,455$25,961$10,893
18 years$50,907$42,126$34,649$28,347$23,083$9,095
19 years$47,724$39,042$31,720$25,614$20,575$7,604
20 years$44,863$36,280$29,111$23,199$18,378$6,366
21 years$42,277$33,793$26,776$21,054$16,446$5,335
22 years$39,930$31,544$24,679$19,143$14,742$4,475
23 years$37,790$29,503$22,786$17,434$13,233$3,756
24 years$35,831$27,642$21,073$15,901$11,894$3,154
25 years$34,032$25,941$19,518$14,522$10,703$2,651
26 years$32,373$24,380$18,102$13,278$9,641$2,228
27 years$30,841$22,945$16,809$12,153$8,692$1,874
28 years$29,420$21,621$15,627$11,135$7,843$1,576
29 years$28,100$20,397$14,542$10,211$7,082$1,326
30 years$26,869$19,262$13,545$9,371$6,399$1,116
31 years$25,721$18,209$12,628$8,607$5,785$939
32 years$24,647$17,230$11,782$7,910$5,233$791
33 years$23,639$16,317$11,001$7,274$4,736$666
34 years$22,693$15,465$10,279$6,693$4,288$560
35 years$21,803$14,668$9,610$6,161$3,884$472
36 years$20,965$13,922$8,990$5,674$3,519$397
37 years$20,173$13,223$8,414$5,228$3,189$335
38 years$19,425$12,566$7,880$4,819$2,891$282
39 years$18,717$11,949$7,382$4,443$2,622$237
40 years$18,046$11,369$6,919$4,098$2,378$200
41 years$17,410$10,822$6,488$3,781$2,158$168
42 years$16,806$10,307$6,086$3,489$1,958$142
43 years$16,231$9,820$5,711$3,221$1,777$120
44 years$15,683$9,361$5,361$2,974$1,613$101
45 years$15,162$8,926$5,034$2,747$1,464$85
46 years$14,665$8,515$4,728$2,537$1,329$71
47 years$14,190$8,126$4,442$2,344$1,207$60
48 years$13,737$7,757$4,174$2,166$1,096$51
49 years$13,303$7,408$3,923$2,002$996$43
50 years$12,888$7,076$3,688$1,850$904$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $13,200,000, adding $2,161 every year, while hoping to spend $46,133 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: 64/16/20 Blend
69$13,200,000$13,200,000$13,200,000$13,200,000
70$14,548,629$13,849,029$13,644,429$15,405,404
71$15,983,504$14,478,546$14,052,432$16,611,481
72$17,563,190$15,137,364$14,472,557$17,923,141
73$19,302,409$15,826,868$14,905,162$19,355,051
74$21,217,384$16,548,514$15,350,613$20,918,971
75$23,325,989$17,303,822$15,809,291$22,627,843
76$25,647,921$18,094,391$16,281,583$24,495,907
77$28,204,884$18,921,892$16,767,892$26,538,834
78$31,020,796$19,788,078$17,268,630$28,773,872
79$34,122,009$20,694,786$17,784,221$31,220,004
80$37,537,565$21,643,941$18,315,103$33,898,124
81$41,299,463$22,637,561$18,861,726$36,831,235
82$45,442,967$23,677,760$19,424,552$40,044,657
83$50,006,933$24,766,754$20,004,058$43,566,265
84$55,034,180$25,906,865$20,600,734$47,426,750
85$60,571,893$27,100,527$21,215,085$51,659,903
86$66,672,065$28,350,292$21,847,629$56,302,931
87$73,391,993$29,658,834$22,498,902$61,396,802
88$80,794,814$31,028,954$23,169,453$66,986,630
89$88,950,103$32,463,591$23,859,847$73,122,095
90$97,934,529$33,965,823$24,570,668$79,857,908
91$107,832,580$35,538,877$25,302,514$87,254,322
92$118,737,356$37,186,135$26,056,002$95,377,694
93$130,751,454$38,911,144$26,831,766$104,301,110
94$143,987,932$40,717,618$27,630,459$114,105,065
95$158,571,374$42,609,455$28,452,753$124,878,221
96$174,639,073$44,590,737$29,299,339$136,718,235
97$192,342,320$46,665,745$30,170,928$149,732,676
98$211,847,835$48,838,965$31,068,252$164,040,032
99$233,339,340$51,115,100$31,992,065$179,770,825
100$257,019,294$53,499,081$32,943,141$197,068,832