Can I retire at age 70 with 14,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,076,341
2 years$572,330$561,671$551,341$541,325$531,609$491,705
3 years$377,763$367,058$356,754$346,832$337,275$298,758
4 years$280,499$269,827$259,625$249,873$240,547$203,712
5 years$222,156$211,547$201,480$191,926$182,860$147,804
6 years$183,273$172,744$162,826$153,485$144,691$111,439
7 years$155,510$145,070$135,309$126,189$117,673$86,217
8 years$134,698$124,352$114,753$105,856$97,621$67,936
9 years$118,519$108,271$98,837$90,166$82,211$54,257
10 years$105,583$95,436$86,168$77,724$70,048$43,776
11 years$95,006$84,961$75,861$67,643$60,243$35,600
12 years$86,199$76,256$67,325$59,332$52,206$29,131
13 years$78,752$68,913$60,150$52,381$45,524$23,955
14 years$72,375$62,640$54,045$46,498$39,906$19,777
15 years$66,852$57,223$48,795$41,468$35,137$16,380
16 years$62,025$52,501$44,240$37,130$31,054$13,602
17 years$57,770$48,351$40,257$33,361$27,535$11,320
18 years$53,993$44,679$36,749$30,065$24,482$9,437
19 years$50,616$41,408$33,642$27,167$21,822$7,879
20 years$47,582$38,478$30,875$24,605$19,492$6,586
21 years$44,839$35,841$28,399$22,330$17,443$5,511
22 years$42,350$33,456$26,174$20,303$15,635$4,615
23 years$40,080$31,291$24,167$18,491$14,035$3,867
24 years$38,003$29,318$22,351$16,865$12,615$3,243
25 years$36,094$27,513$20,701$15,402$11,351$2,720
26 years$34,335$25,858$19,199$14,082$10,225$2,283
27 years$32,710$24,335$17,828$12,890$9,219$1,917
28 years$31,203$22,931$16,574$11,810$8,318$1,610
29 years$29,803$21,633$15,423$10,830$7,511$1,352
30 years$28,498$20,430$14,366$9,939$6,787$1,136
31 years$27,280$19,313$13,393$9,128$6,136$955
32 years$26,140$18,274$12,496$8,389$5,550$802
33 years$25,072$17,306$11,668$7,715$5,023$674
34 years$24,069$16,402$10,902$7,098$4,548$567
35 years$23,125$15,557$10,192$6,534$4,119$477
36 years$22,235$14,766$9,535$6,018$3,732$401
37 years$21,396$14,024$8,924$5,545$3,383$337
38 years$20,602$13,328$8,357$5,111$3,067$283
39 years$19,852$12,674$7,830$4,712$2,781$238
40 years$19,140$12,058$7,339$4,346$2,522$200
41 years$18,465$11,478$6,881$4,010$2,288$168
42 years$17,824$10,931$6,455$3,701$2,076$142
43 years$17,214$10,415$6,057$3,416$1,885$119
44 years$16,634$9,928$5,686$3,154$1,711$100
45 years$16,081$9,467$5,339$2,913$1,553$84
46 years$15,554$9,031$5,014$2,691$1,410$71
47 years$15,050$8,619$4,711$2,486$1,280$60
48 years$14,569$8,228$4,427$2,297$1,163$50
49 years$14,109$7,857$4,161$2,123$1,056$42
50 years$13,669$7,505$3,912$1,962$959$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,000,000, adding $5,979 every year, while hoping to spend $49,147 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: 70/20/10 Blend
69$14,000,000$14,000,000$14,000,000$14,000,000
70$15,434,167$14,692,167$14,475,167$16,483,820
71$16,956,160$15,359,792$14,907,793$17,847,608
72$18,631,750$16,058,482$15,353,265$19,332,922
73$20,476,550$16,789,709$15,811,961$20,956,962
74$22,507,767$17,555,014$16,284,271$22,733,365
75$24,744,360$18,356,011$16,770,595$24,677,137
76$27,207,222$19,194,392$17,271,347$26,804,791
77$29,919,371$20,071,930$17,786,950$29,134,501
78$32,906,176$20,990,484$18,317,842$31,686,270
79$36,195,588$21,952,000$18,864,472$34,482,116
80$39,818,409$22,958,519$19,427,303$37,546,275
81$43,808,581$24,012,180$20,006,811$40,905,428
82$48,203,504$25,115,225$20,603,487$44,588,946
83$53,044,392$26,270,002$21,217,835$48,629,168
84$58,376,661$27,478,972$21,850,373$53,061,697
85$64,250,356$28,744,718$22,501,636$57,925,735
86$70,720,625$30,069,942$23,172,173$63,264,448
87$77,848,238$31,457,479$23,862,551$69,125,367
88$85,700,163$32,910,299$24,573,351$75,560,833
89$94,350,193$34,431,518$25,305,172$82,628,488
90$103,879,648$36,024,397$26,058,630$90,391,808
91$114,378,137$37,692,358$26,834,360$98,920,704
92$125,944,410$39,438,986$27,633,013$108,292,169
93$138,687,283$41,268,040$28,455,263$118,591,004
94$152,726,670$43,183,458$29,301,798$129,910,607
95$168,194,714$45,189,371$30,173,331$142,353,853
96$185,237,030$47,290,105$31,070,594$156,034,055
97$204,014,086$49,490,199$31,994,337$171,076,027
98$224,702,712$51,794,408$32,945,337$187,617,254
99$247,497,772$54,207,718$33,924,390$205,809,183
100$272,614,004$56,735,355$34,932,315$225,818,643