Can I retire at age 70 with 14,300,000?

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 $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,133,591
2 years$584,594$573,707$563,155$552,924$543,001$536,230
3 years$385,858$374,924$364,399$354,264$344,502$337,881
4 years$286,510$275,609$265,189$255,227$245,702$239,282
5 years$226,916$216,081$205,797$196,039$186,779$180,579
6 years$187,200$176,446$166,315$156,774$147,792$141,820
7 years$158,843$148,179$138,208$128,893$120,194$114,453
8 years$137,584$127,017$117,212$108,125$99,713$94,203
9 years$121,058$110,591$100,954$92,098$83,972$78,693
10 years$107,846$97,481$88,014$79,390$71,549$66,496
11 years$97,042$86,781$77,486$69,093$61,534$56,705
12 years$88,046$77,890$68,767$60,604$53,324$48,715
13 years$80,440$70,390$61,439$53,504$46,500$42,105
14 years$73,925$63,982$55,203$47,495$40,761$36,577
15 years$68,285$58,449$49,841$42,357$35,890$31,910
16 years$63,354$53,626$45,188$37,926$31,719$27,938
17 years$59,008$49,388$41,120$34,076$28,125$24,536
18 years$55,150$45,636$37,537$30,710$25,007$21,606
19 years$51,701$42,295$34,363$27,749$22,289$19,068
20 years$48,601$39,303$31,537$25,132$19,909$16,863
21 years$45,800$36,609$29,008$22,809$17,817$14,937
22 years$43,257$34,173$26,735$20,738$15,970$13,252
23 years$40,939$31,961$24,685$18,887$14,336$11,772
24 years$38,817$29,946$22,830$17,226$12,885$10,470
25 years$36,868$28,103$21,145$15,732$11,595$9,321
26 years$35,071$26,412$19,611$14,384$10,444$8,306
27 years$33,411$24,857$18,210$13,166$9,416$7,407
28 years$31,872$23,422$16,929$12,063$8,496$6,611
29 years$30,441$22,096$15,754$11,062$7,672$5,903
30 years$29,109$20,868$14,674$10,152$6,932$5,274
31 years$27,864$19,727$13,680$9,324$6,267$4,715
32 years$26,700$18,666$12,764$8,569$5,669$4,217
33 years$25,609$17,677$11,918$7,880$5,131$3,773
34 years$24,584$16,753$11,135$7,250$4,645$3,376
35 years$23,620$15,890$10,411$6,674$4,207$3,023
36 years$22,712$15,082$9,739$6,147$3,812$2,707
37 years$21,854$14,325$9,115$5,663$3,455$2,425
38 years$21,044$13,614$8,536$5,220$3,132$2,173
39 years$20,277$12,945$7,997$4,813$2,840$1,947
40 years$19,550$12,316$7,496$4,440$2,576$1,745
41 years$18,861$11,724$7,029$4,096$2,337$1,564
42 years$18,206$11,165$6,593$3,780$2,121$1,402
43 years$17,583$10,638$6,187$3,490$1,925$1,257
44 years$16,990$10,141$5,808$3,222$1,747$1,128
45 years$16,426$9,670$5,453$2,976$1,586$1,011
46 years$15,887$9,225$5,122$2,749$1,440$907
47 years$15,373$8,803$4,812$2,539$1,308$814
48 years$14,881$8,404$4,522$2,346$1,188$730
49 years$14,411$8,025$4,250$2,169$1,079$655
50 years$13,962$7,666$3,996$2,004$980$588

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,300,000, adding $5,765 every year, while hoping to spend $37,007 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: 46/42/12 Blend
69$14,300,000$14,300,000$14,300,000$14,300,000
70$15,764,547$15,006,647$14,784,997$16,436,202
71$17,333,155$15,702,597$15,240,919$17,597,768
72$19,060,522$16,431,409$15,710,874$18,852,877
73$20,962,800$17,194,653$16,195,294$20,213,619
74$23,057,791$17,993,977$16,694,621$21,689,799
75$25,365,110$18,831,106$17,209,315$23,292,177
76$27,906,371$19,707,850$17,739,847$25,032,566
77$30,705,393$20,626,106$18,286,704$26,923,937
78$33,788,420$21,587,863$18,850,386$28,980,530
79$37,184,376$22,595,205$19,431,411$31,217,992
80$40,925,129$23,650,317$20,030,310$33,653,505
81$45,045,800$24,755,490$20,647,633$36,305,950
82$49,585,087$25,913,125$21,283,945$39,196,073
83$54,585,638$27,125,740$21,939,828$42,346,673
84$60,094,445$28,395,973$22,615,884$45,782,810
85$66,163,294$29,726,591$23,312,732$49,532,031
86$72,849,251$31,120,495$24,031,010$53,624,620
87$80,215,200$32,580,725$24,771,375$58,093,876
88$88,330,439$34,110,469$25,534,504$62,976,417
89$97,271,331$35,713,070$26,321,097$68,312,511
90$107,122,027$37,392,030$27,131,874$74,146,450
91$117,975,257$39,151,023$27,967,576$80,526,950
92$129,933,211$40,993,901$28,828,967$87,507,606
93$143,108,497$42,924,700$29,716,836$95,147,377
94$157,625,209$44,947,655$30,631,994$103,511,136
95$173,620,093$47,067,204$31,575,280$112,670,261
96$191,243,845$49,288,000$32,547,554$122,703,299
97$210,662,527$51,614,921$33,549,707$133,696,692
98$232,059,136$54,053,083$34,582,653$145,745,572
99$255,635,334$56,607,850$35,647,338$158,954,644
100$281,613,348$59,284,845$36,744,734$173,439,160