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%13.7%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,122,798
2 years$584,594$573,707$563,155$552,924$543,001$525,409
3 years$385,858$374,924$364,399$354,264$344,502$327,368
4 years$286,510$275,609$265,189$255,227$245,702$229,159
5 years$226,916$216,081$205,797$196,039$186,779$170,874
6 years$187,200$176,446$166,315$156,774$147,792$132,544
7 years$158,843$148,179$138,208$128,893$120,194$105,609
8 years$137,584$127,017$117,212$108,125$99,713$85,787
9 years$121,058$110,591$100,954$92,098$83,972$70,700
10 years$107,846$97,481$88,014$79,390$71,549$58,918
11 years$97,042$86,781$77,486$69,093$61,534$49,533
12 years$88,046$77,890$68,767$60,604$53,324$41,937
13 years$80,440$70,390$61,439$53,504$46,500$35,711
14 years$73,925$63,982$55,203$47,495$40,761$30,553
15 years$68,285$58,449$49,841$42,357$35,890$26,244
16 years$63,354$53,626$45,188$37,926$31,719$22,617
17 years$59,008$49,388$41,120$34,076$28,125$19,545
18 years$55,150$45,636$37,537$30,710$25,007$16,931
19 years$51,701$42,295$34,363$27,749$22,289$14,696
20 years$48,601$39,303$31,537$25,132$19,909$12,778
21 years$45,800$36,609$29,008$22,809$17,817$11,127
22 years$43,257$34,173$26,735$20,738$15,970$9,702
23 years$40,939$31,961$24,685$18,887$14,336$8,468
24 years$38,817$29,946$22,830$17,226$12,885$7,399
25 years$36,868$28,103$21,145$15,732$11,595$6,470
26 years$35,071$26,412$19,611$14,384$10,444$5,662
27 years$33,411$24,857$18,210$13,166$9,416$4,958
28 years$31,872$23,422$16,929$12,063$8,496$4,343
29 years$30,441$22,096$15,754$11,062$7,672$3,807
30 years$29,109$20,868$14,674$10,152$6,932$3,338
31 years$27,864$19,727$13,680$9,324$6,267$2,928
32 years$26,700$18,666$12,764$8,569$5,669$2,570
33 years$25,609$17,677$11,918$7,880$5,131$2,256
34 years$24,584$16,753$11,135$7,250$4,645$1,980
35 years$23,620$15,890$10,411$6,674$4,207$1,739
36 years$22,712$15,082$9,739$6,147$3,812$1,527
37 years$21,854$14,325$9,115$5,663$3,455$1,342
38 years$21,044$13,614$8,536$5,220$3,132$1,179
39 years$20,277$12,945$7,997$4,813$2,840$1,036
40 years$19,550$12,316$7,496$4,440$2,576$910
41 years$18,861$11,724$7,029$4,096$2,337$800
42 years$18,206$11,165$6,593$3,780$2,121$703
43 years$17,583$10,638$6,187$3,490$1,925$618
44 years$16,990$10,141$5,808$3,222$1,747$543
45 years$16,426$9,670$5,453$2,976$1,586$478
46 years$15,887$9,225$5,122$2,749$1,440$420
47 years$15,373$8,803$4,812$2,539$1,308$369
48 years$14,881$8,404$4,522$2,346$1,188$325
49 years$14,411$8,025$4,250$2,169$1,079$285
50 years$13,962$7,666$3,996$2,004$980$251

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 $4,521 every year, while hoping to spend $24,581 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: 62/21/17 Blend
69$14,300,000$14,300,000$14,300,000$14,300,000
70$15,763,263$15,005,363$14,783,713$16,672,679
71$17,344,962$15,714,472$15,252,814$17,994,428
72$19,087,171$16,457,504$15,736,805$19,433,557
73$21,006,234$17,236,094$16,236,161$21,004,055
74$23,120,166$18,051,958$16,751,368$22,718,694
75$25,448,815$18,906,895$17,282,930$24,591,518
76$28,014,053$19,802,792$17,831,367$26,637,980
77$30,839,983$20,741,626$18,397,215$28,875,077
78$33,953,166$21,725,470$18,981,026$31,321,511
79$37,382,869$22,756,499$19,583,371$33,997,857
80$41,161,347$23,836,993$20,204,840$36,926,758
81$45,324,141$24,969,341$20,846,038$40,133,132
82$49,910,416$26,156,052$21,507,592$43,644,400
83$54,963,332$27,399,752$22,190,151$47,490,743
84$60,530,450$28,703,198$22,894,379$51,705,381
85$66,664,181$30,069,280$23,620,966$56,324,881
86$73,422,282$31,501,029$24,370,622$61,389,497
87$80,868,396$33,001,621$25,144,080$66,943,543
88$89,072,661$34,574,389$25,942,095$73,035,804
89$98,112,365$36,222,827$26,765,448$79,719,996
90$108,072,680$37,950,599$27,614,944$87,055,258
91$119,047,461$39,761,546$28,491,412$95,106,710
92$131,140,138$41,659,698$29,395,711$103,946,056
93$144,464,688$43,649,279$30,328,723$113,652,258
94$159,146,712$45,734,719$31,291,361$124,312,265
95$175,324,621$47,920,665$32,284,566$136,021,836
96$193,150,943$50,211,988$33,309,310$148,886,428
97$212,793,761$52,613,797$34,366,593$163,022,182
98$234,438,301$55,131,450$35,457,450$178,557,016
99$258,288,681$57,770,564$36,582,948$195,631,814
100$284,569,836$60,537,031$37,744,186$214,401,755