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

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 $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%13%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,118,178
2 years$580,506$569,695$559,217$549,058$539,204$524,966
3 years$383,160$372,302$361,850$351,787$342,093$328,210
4 years$284,506$273,681$263,334$253,443$243,984$230,562
5 years$225,329$214,569$204,358$194,668$185,472$172,551
6 years$185,891$175,212$165,152$155,678$146,758$134,353
7 years$157,732$147,143$137,242$127,991$119,354$107,469
8 years$136,622$126,129$116,392$107,369$99,015$87,650
9 years$120,212$109,818$100,248$91,454$83,385$72,535
10 years$107,092$96,799$87,399$78,834$71,048$60,705
11 years$96,364$86,174$76,945$68,610$61,104$51,259
12 years$87,430$77,345$68,286$60,180$52,951$43,593
13 years$79,877$69,898$61,009$53,130$46,175$37,292
14 years$73,408$63,535$54,817$47,163$40,476$32,055
15 years$67,807$58,040$49,493$42,061$35,639$27,666
16 years$62,911$53,251$44,872$37,661$31,498$23,958
17 years$58,596$49,042$40,832$33,838$27,928$20,808
18 years$54,764$45,317$37,274$30,495$24,832$18,115
19 years$51,339$41,999$34,123$27,555$22,133$15,805
20 years$48,261$39,028$31,316$24,956$19,770$13,814
21 years$45,480$36,353$28,805$22,649$17,692$12,092
22 years$42,955$33,934$26,548$20,593$15,858$10,600
23 years$40,653$31,738$24,513$18,755$14,235$9,302
24 years$38,545$29,736$22,670$17,105$12,795$8,172
25 years$36,610$27,906$20,997$15,622$11,514$7,185
26 years$34,826$26,227$19,474$14,284$10,371$6,323
27 years$33,177$24,683$18,083$13,074$9,350$5,567
28 years$31,649$23,259$16,810$11,979$8,437$4,905
29 years$30,228$21,942$15,644$10,985$7,618$4,324
30 years$28,905$20,722$14,571$10,081$6,884$3,814
31 years$27,670$19,589$13,584$9,259$6,224$3,365
32 years$26,514$18,535$12,675$8,509$5,630$2,970
33 years$25,430$17,553$11,834$7,825$5,095$2,622
34 years$24,412$16,636$11,057$7,200$4,613$2,316
35 years$23,455$15,779$10,338$6,628$4,178$2,045
36 years$22,553$14,977$9,671$6,104$3,785$1,807
37 years$21,701$14,225$9,052$5,624$3,431$1,597
38 years$20,897$13,518$8,476$5,184$3,110$1,411
39 years$20,135$12,855$7,942$4,780$2,821$1,248
40 years$19,414$12,230$7,444$4,408$2,558$1,103
41 years$18,729$11,642$6,980$4,067$2,321$975
42 years$18,079$11,087$6,547$3,754$2,106$862
43 years$17,460$10,564$6,144$3,465$1,911$763
44 years$16,872$10,070$5,767$3,199$1,735$675
45 years$16,311$9,602$5,415$2,955$1,575$597
46 years$15,776$9,160$5,086$2,729$1,430$528
47 years$15,265$8,742$4,778$2,522$1,299$467
48 years$14,777$8,345$4,490$2,330$1,179$413
49 years$14,311$7,969$4,220$2,153$1,071$365
50 years$13,864$7,612$3,968$1,990$973$323

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 $5,663 every year, while hoping to spend $26,108 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: 45/41/14 Blend
69$14,200,000$14,200,000$14,200,000$14,200,000
70$15,654,241$14,901,641$14,681,541$16,295,845
71$17,223,195$15,604,043$15,145,594$17,445,505
72$18,951,307$16,339,987$15,624,318$18,688,326
73$20,854,785$17,111,091$16,118,176$20,035,425
74$22,951,485$17,919,047$16,627,648$21,496,453
75$25,261,089$18,765,632$17,153,226$23,082,008
76$27,805,282$19,652,710$17,695,421$24,803,716
77$30,607,960$20,582,233$18,254,758$26,674,346
78$33,695,458$21,556,248$18,831,778$28,707,914
79$37,096,794$22,576,903$19,427,041$30,919,815
80$40,843,944$23,646,448$20,041,124$33,326,958
81$44,972,147$24,767,245$20,674,622$35,947,920
82$49,520,233$25,941,767$21,328,150$38,803,110
83$54,530,993$27,172,610$22,002,339$41,914,954
84$60,051,581$28,462,495$22,697,844$45,308,103
85$66,133,960$29,814,274$23,415,339$49,009,648
86$72,835,390$31,230,940$24,155,520$53,049,374
87$80,218,973$32,715,630$24,919,103$57,460,024
88$88,354,245$34,271,631$25,706,829$62,277,604
89$97,317,831$35,902,395$26,519,461$67,541,706
90$107,194,174$37,611,536$27,357,787$73,295,874
91$118,076,327$39,402,849$28,222,620$79,588,003
92$130,066,832$41,280,308$29,114,798$86,470,776
93$143,278,690$43,248,085$30,035,185$94,002,147
94$157,836,427$45,310,551$30,984,674$102,245,878
95$173,877,267$47,472,293$31,964,185$111,272,126
96$191,552,431$49,738,117$32,974,668$121,158,085
97$211,028,561$52,113,068$34,017,102$131,988,705
98$232,489,297$54,602,431$35,092,497$143,857,471
99$256,137,007$57,211,751$36,201,897$156,867,275
100$282,194,697$59,946,843$37,346,377$171,131,361