Can I retire at age 70 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,086,972
2 years$580,506$569,695$559,217$549,058$539,204$494,078
3 years$383,160$372,302$361,850$351,787$342,093$298,619
4 years$284,506$273,681$263,334$253,443$243,984$202,491
5 years$225,329$214,569$204,358$194,668$185,472$146,067
6 years$185,891$175,212$165,152$155,678$146,758$109,464
7 years$157,732$147,143$137,242$127,991$119,354$84,158
8 years$136,622$126,129$116,392$107,369$99,015$65,881
9 years$120,212$109,818$100,248$91,454$83,385$52,261
10 years$107,092$96,799$87,399$78,834$71,048$41,873
11 years$96,364$86,174$76,945$68,610$61,104$33,809
12 years$87,430$77,345$68,286$60,180$52,951$27,462
13 years$79,877$69,898$61,009$53,130$46,175$22,413
14 years$73,408$63,535$54,817$47,163$40,476$18,362
15 years$67,807$58,040$49,493$42,061$35,639$15,089
16 years$62,911$53,251$44,872$37,661$31,498$12,431
17 years$58,596$49,042$40,832$33,838$27,928$10,261
18 years$54,764$45,317$37,274$30,495$24,832$8,484
19 years$51,339$41,999$34,123$27,555$22,133$7,025
20 years$48,261$39,028$31,316$24,956$19,770$5,822
21 years$45,480$36,353$28,805$22,649$17,692$4,830
22 years$42,955$33,934$26,548$20,593$15,858$4,011
23 years$40,653$31,738$24,513$18,755$14,235$3,332
24 years$38,545$29,736$22,670$17,105$12,795$2,769
25 years$36,610$27,906$20,997$15,622$11,514$2,303
26 years$34,826$26,227$19,474$14,284$10,371$1,916
27 years$33,177$24,683$18,083$13,074$9,350$1,594
28 years$31,649$23,259$16,810$11,979$8,437$1,327
29 years$30,228$21,942$15,644$10,985$7,618$1,105
30 years$28,905$20,722$14,571$10,081$6,884$920
31 years$27,670$19,589$13,584$9,259$6,224$766
32 years$26,514$18,535$12,675$8,509$5,630$638
33 years$25,430$17,553$11,834$7,825$5,095$531
34 years$24,412$16,636$11,057$7,200$4,613$443
35 years$23,455$15,779$10,338$6,628$4,178$369
36 years$22,553$14,977$9,671$6,104$3,785$307
37 years$21,701$14,225$9,052$5,624$3,431$256
38 years$20,897$13,518$8,476$5,184$3,110$213
39 years$20,135$12,855$7,942$4,780$2,821$178
40 years$19,414$12,230$7,444$4,408$2,558$148
41 years$18,729$11,642$6,980$4,067$2,321$123
42 years$18,079$11,087$6,547$3,754$2,106$103
43 years$17,460$10,564$6,144$3,465$1,911$86
44 years$16,872$10,070$5,767$3,199$1,735$71
45 years$16,311$9,602$5,415$2,955$1,575$59
46 years$15,776$9,160$5,086$2,729$1,430$50
47 years$15,265$8,742$4,778$2,522$1,299$41
48 years$14,777$8,345$4,490$2,330$1,179$34
49 years$14,311$7,969$4,220$2,153$1,071$29
50 years$13,864$7,612$3,968$1,990$973$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,200,000, adding $5,001 every year, while hoping to spend $41,191 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: 57/25/18 Blend
69$14,200,000$14,200,000$14,200,000$14,200,000
70$15,653,559$14,900,959$14,680,859$16,471,089
71$17,206,395$15,587,279$15,128,840$17,713,556
72$18,916,239$16,305,848$15,590,449$19,062,001
73$20,799,064$17,058,203$16,066,098$20,530,578
74$22,872,469$17,845,954$16,556,212$22,130,842
75$25,155,845$18,670,791$17,061,229$23,875,499
76$27,670,562$19,534,481$17,581,602$25,778,521
77$30,440,169$20,438,880$18,117,795$27,855,272
78$33,490,613$21,385,932$18,670,288$30,122,649
79$36,850,487$22,377,674$19,239,574$32,599,240
80$40,551,299$23,416,241$19,826,161$35,305,490
81$44,627,768$24,503,874$20,430,574$38,263,894
82$49,118,155$25,642,918$21,053,353$41,499,199
83$54,064,619$26,835,834$21,695,053$45,038,637
84$59,513,620$28,085,199$22,356,247$48,912,173
85$65,516,352$29,393,718$23,037,524$53,152,785
86$72,129,232$30,764,222$23,739,494$57,796,764
87$79,414,428$32,199,683$24,462,781$62,884,058
88$87,440,446$33,703,214$25,208,030$68,458,634
89$96,282,779$35,278,078$25,975,907$74,568,892
90$106,024,617$36,927,699$26,767,094$81,268,112
91$116,757,634$38,655,662$27,582,298$88,614,950
92$128,582,851$40,465,729$28,422,244$96,673,984
93$141,611,593$42,361,840$29,287,680$105,516,312
94$155,966,536$44,348,130$30,179,377$115,220,221
95$171,782,865$46,428,931$31,098,128$125,871,911
96$189,209,553$48,608,785$32,044,752$137,566,300
97$208,410,766$50,892,454$33,020,090$150,407,913
98$229,567,411$53,284,931$34,025,009$164,511,857
99$252,878,844$55,791,449$35,060,404$180,004,893
100$278,564,753$58,417,497$36,127,195$197,026,627