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

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 $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%19.5%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,073,783
2 years$572,330$561,671$551,341$541,325$531,609$489,195
3 years$377,763$367,058$356,754$346,832$337,275$296,377
4 years$280,499$269,827$259,625$249,873$240,547$201,478
5 years$222,156$211,547$201,480$191,926$182,860$145,721
6 years$183,273$172,744$162,826$153,485$144,691$109,506
7 years$155,510$145,070$135,309$126,189$117,673$84,432
8 years$134,698$124,352$114,753$105,856$97,621$66,292
9 years$118,519$108,271$98,837$90,166$82,211$52,749
10 years$105,583$95,436$86,168$77,724$70,048$42,399
11 years$95,006$84,961$75,861$67,643$60,243$34,345
12 years$86,199$76,256$67,325$59,332$52,206$27,992
13 years$78,752$68,913$60,150$52,381$45,524$22,924
14 years$72,375$62,640$54,045$46,498$39,906$18,846
15 years$66,852$57,223$48,795$41,468$35,137$15,543
16 years$62,025$52,501$44,240$37,130$31,054$12,851
17 years$57,770$48,351$40,257$33,361$27,535$10,647
18 years$53,993$44,679$36,749$30,065$24,482$8,837
19 years$50,616$41,408$33,642$27,167$21,822$7,344
20 years$47,582$38,478$30,875$24,605$19,492$6,111
21 years$44,839$35,841$28,399$22,330$17,443$5,089
22 years$42,350$33,456$26,174$20,303$15,635$4,242
23 years$40,080$31,291$24,167$18,491$14,035$3,538
24 years$38,003$29,318$22,351$16,865$12,615$2,953
25 years$36,094$27,513$20,701$15,402$11,351$2,465
26 years$34,335$25,858$19,199$14,082$10,225$2,059
27 years$32,710$24,335$17,828$12,890$9,219$1,720
28 years$31,203$22,931$16,574$11,810$8,318$1,438
29 years$29,803$21,633$15,423$10,830$7,511$1,202
30 years$28,498$20,430$14,366$9,939$6,787$1,005
31 years$27,280$19,313$13,393$9,128$6,136$840
32 years$26,140$18,274$12,496$8,389$5,550$702
33 years$25,072$17,306$11,668$7,715$5,023$588
34 years$24,069$16,402$10,902$7,098$4,548$491
35 years$23,125$15,557$10,192$6,534$4,119$411
36 years$22,235$14,766$9,535$6,018$3,732$344
37 years$21,396$14,024$8,924$5,545$3,383$288
38 years$20,602$13,328$8,357$5,111$3,067$241
39 years$19,852$12,674$7,830$4,712$2,781$201
40 years$19,140$12,058$7,339$4,346$2,522$168
41 years$18,465$11,478$6,881$4,010$2,288$141
42 years$17,824$10,931$6,455$3,701$2,076$118
43 years$17,214$10,415$6,057$3,416$1,885$99
44 years$16,634$9,928$5,686$3,154$1,711$83
45 years$16,081$9,467$5,339$2,913$1,553$69
46 years$15,554$9,031$5,014$2,691$1,410$58
47 years$15,050$8,619$4,711$2,486$1,280$48
48 years$14,569$8,228$4,427$2,297$1,163$40
49 years$14,109$7,857$4,161$2,123$1,056$34
50 years$13,669$7,505$3,912$1,962$959$28

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 $6,494 every year, while hoping to spend $30,550 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: 46/24/30 Blend
69$14,000,000$14,000,000$14,000,000$14,000,000
70$15,434,699$14,692,699$14,475,699$16,010,921
71$16,976,533$15,380,136$14,928,129$17,108,548
72$18,674,610$16,100,234$15,394,693$18,295,357
73$20,544,836$16,854,560$15,875,830$19,582,570
74$22,604,734$17,644,759$16,371,996$20,979,626
75$24,873,619$18,472,554$16,883,660$22,496,893
76$27,372,771$19,339,752$17,411,305$24,145,765
77$30,125,640$20,248,247$17,955,431$25,938,760
78$33,158,069$21,200,024$18,516,551$27,889,639
79$36,498,534$22,197,167$19,095,197$30,013,525
80$40,178,414$23,241,858$19,691,916$32,327,043
81$44,232,288$24,336,384$20,307,270$34,848,475
82$48,698,260$25,483,147$20,941,843$37,597,920
83$53,618,322$26,684,660$21,596,235$40,597,484
84$59,038,745$27,943,562$22,271,062$43,871,478
85$65,010,518$29,262,618$22,966,964$47,446,645
86$71,589,832$30,644,727$23,684,598$51,352,401
87$78,838,605$32,092,929$24,424,642$55,621,111
88$86,825,071$33,610,411$25,187,796$60,288,384
89$95,624,422$35,200,515$25,974,781$65,393,399
90$105,319,518$36,866,745$26,786,341$70,979,274
91$116,001,667$38,612,774$27,623,242$77,093,457
92$127,771,492$40,442,454$28,486,275$83,788,172
93$140,739,875$42,359,825$29,376,256$91,120,895
94$155,029,007$44,369,122$30,294,026$99,154,897
95$170,773,542$46,474,784$31,240,452$107,959,820
96$188,121,863$48,681,469$32,216,427$117,612,336
97$207,237,490$50,994,058$33,222,874$128,196,848
98$228,300,618$53,417,670$34,260,744$139,806,287
99$251,509,819$55,957,674$35,331,017$152,542,967
100$277,083,918$58,619,698$36,434,704$166,519,547