Can I retire at age 70 with 14,100,000?

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 $14,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,164,365$1,153,993$1,143,874$1,133,998$1,124,354$1,108,925
2 years$576,418$565,683$555,279$545,191$535,407$519,890
3 years$380,462$369,680$359,302$349,309$339,684$324,561
4 years$282,503$271,754$261,480$251,658$242,265$227,654
5 years$223,742$213,058$202,919$193,297$184,166$170,108
6 years$184,582$173,978$163,989$154,581$145,725$132,236
7 years$156,621$146,107$136,275$127,090$118,513$105,599
8 years$135,660$125,240$115,572$106,613$98,318$85,977
9 years$119,365$109,044$99,543$90,810$82,798$71,024
10 years$106,337$96,117$86,783$78,279$70,548$59,332
11 years$95,685$85,567$76,403$68,126$60,674$50,006
12 years$86,815$76,801$67,805$59,756$52,579$42,447
13 years$79,315$69,405$60,580$52,756$45,849$36,240
14 years$72,892$63,088$54,431$46,831$40,191$31,089
15 years$67,330$57,632$49,144$41,765$35,388$26,777
16 years$62,468$52,876$44,556$37,396$31,276$23,140
17 years$58,183$48,697$40,544$33,600$27,731$20,055
18 years$54,378$44,998$37,012$30,280$24,657$17,422
19 years$50,978$41,704$33,883$27,361$21,978$15,167
20 years$47,921$38,753$31,096$24,780$19,631$13,227
21 years$45,160$36,097$28,602$22,490$17,567$11,553
22 years$42,652$33,695$26,361$20,448$15,747$10,104
23 years$40,366$31,514$24,340$18,623$14,135$8,846
24 years$38,274$29,527$22,510$16,985$12,705$7,753
25 years$36,352$27,710$20,849$15,512$11,433$6,801
26 years$34,581$26,043$19,336$14,183$10,298$5,970
27 years$32,943$24,509$17,956$12,982$9,285$5,245
28 years$31,426$23,095$16,692$11,894$8,378$4,610
29 years$30,015$21,787$15,533$10,907$7,565$4,054
30 years$28,702$20,576$14,469$10,010$6,835$3,566
31 years$27,475$19,451$13,489$9,194$6,180$3,139
32 years$26,327$18,405$12,585$8,449$5,590$2,763
33 years$25,251$17,429$11,751$7,770$5,059$2,434
34 years$24,241$16,519$10,979$7,149$4,580$2,144
35 years$23,290$15,668$10,265$6,581$4,149$1,889
36 years$22,394$14,871$9,603$6,061$3,759$1,665
37 years$21,549$14,124$8,988$5,584$3,407$1,467
38 years$20,750$13,423$8,417$5,147$3,089$1,294
39 years$19,993$12,764$7,886$4,746$2,801$1,141
40 years$19,277$12,144$7,391$4,377$2,540$1,006
41 years$18,597$11,560$6,931$4,039$2,305$887
42 years$17,951$11,009$6,501$3,727$2,091$782
43 years$17,337$10,490$6,100$3,441$1,898$690
44 years$16,753$9,999$5,726$3,177$1,723$609
45 years$16,196$9,535$5,377$2,934$1,564$537
46 years$15,665$9,096$5,050$2,710$1,420$474
47 years$15,158$8,680$4,744$2,504$1,289$418
48 years$14,673$8,286$4,458$2,314$1,171$369
49 years$14,210$7,913$4,191$2,138$1,064$325
50 years$13,767$7,559$3,940$1,976$966$287

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,100,000, adding $3,117 every year, while hoping to spend $47,018 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: 81/5/14 Blend
69$14,100,000$14,100,000$14,100,000$14,100,000
70$15,541,415$14,794,115$14,575,565$16,757,179
71$17,076,613$15,469,000$15,013,820$18,231,115
72$18,766,825$16,175,378$15,465,180$19,842,330
73$20,627,813$16,914,744$15,930,036$21,609,671
74$22,676,945$17,688,661$16,408,787$23,548,780
75$24,933,359$18,498,772$16,901,847$25,676,887
76$27,418,143$19,346,793$17,409,641$28,012,967
77$30,154,535$20,234,528$17,932,605$30,577,920
78$33,168,141$21,163,863$18,471,191$33,394,767
79$36,487,177$22,136,778$19,025,861$36,488,865
80$40,142,735$23,155,345$19,597,093$39,888,146
81$44,169,077$24,221,740$20,185,379$43,623,377
82$48,603,956$25,338,239$20,791,223$47,728,452
83$53,488,977$26,507,230$21,415,146$52,240,707
84$58,869,984$27,731,215$22,057,684$57,201,273
85$64,797,494$29,012,817$22,719,389$62,655,462
86$71,327,179$30,354,785$23,400,828$68,653,191
87$78,520,381$31,760,000$24,102,587$75,249,454
88$86,444,703$33,231,482$24,825,266$82,504,837
89$95,174,635$34,772,397$25,569,484$90,486,091
90$104,792,266$36,386,063$26,335,880$99,266,754
91$115,388,054$38,075,958$27,125,110$108,927,851
92$127,061,683$39,845,727$27,937,849$119,558,648
93$139,923,000$41,699,193$28,774,792$131,257,500
94$154,093,053$43,640,361$29,636,654$144,132,770
95$169,705,236$45,673,430$30,524,174$158,303,854
96$186,906,544$47,802,802$31,438,108$173,902,307
97$205,858,964$50,033,092$32,379,237$191,073,073
98$226,741,001$52,369,136$33,348,364$209,975,863
99$249,749,366$54,816,006$34,346,316$230,786,648
100$275,100,828$57,379,017$35,373,945$253,699,325