Can I retire at age 70 with 14,500,000?

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 $14,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,126,014
2 years$592,771$581,731$571,031$560,658$550,595$520,339
3 years$391,255$380,167$369,495$359,219$349,320$319,991
4 years$290,517$279,463$268,898$258,797$249,138$220,961
5 years$230,090$219,103$208,676$198,781$189,391$162,443
6 years$189,818$178,914$168,641$158,967$149,859$124,167
7 years$161,064$150,252$140,141$130,695$121,875$97,442
8 years$139,508$128,793$118,851$109,637$101,107$77,920
9 years$122,752$112,138$102,366$93,386$85,147$63,185
10 years$109,354$98,844$89,245$80,500$72,549$51,786
11 years$98,400$87,995$78,570$70,059$62,395$42,799
12 years$89,277$78,980$69,729$61,451$54,070$35,606
13 years$81,565$71,374$62,298$54,252$47,150$29,780
14 years$74,959$64,877$55,975$48,159$41,332$25,016
15 years$69,240$59,267$50,538$42,949$36,392$21,089
16 years$64,240$54,376$45,820$38,457$32,163$17,831
17 years$59,834$50,078$41,695$34,553$28,518$15,113
18 years$55,921$46,275$38,062$31,139$25,357$12,836
19 years$52,424$42,887$34,844$28,137$22,601$10,920
20 years$49,281$39,852$31,978$25,483$20,188$9,304
21 years$46,441$37,121$29,413$23,128$18,066$7,937
22 years$43,862$34,651$27,109$21,028$16,193$6,778
23 years$41,511$32,408$25,030$19,151$14,536$5,793
24 years$39,360$30,365$23,149$17,467$13,065$4,955
25 years$37,383$28,496$21,441$15,952$11,757$4,241
26 years$35,562$26,781$19,885$14,585$10,590$3,631
27 years$33,878$25,204$18,465$13,350$9,548$3,111
28 years$32,317$23,750$17,166$12,232$8,615$2,666
29 years$30,867$22,405$15,974$11,217$7,779$2,286
30 years$29,516$21,160$14,879$10,294$7,029$1,961
31 years$28,254$20,003$13,871$9,454$6,355$1,682
32 years$27,074$18,927$12,942$8,689$5,749$1,443
33 years$25,967$17,924$12,084$7,990$5,202$1,238
34 years$24,928$16,988$11,291$7,352$4,710$1,063
35 years$23,951$16,113$10,556$6,768$4,266$912
36 years$23,029$15,293$9,875$6,233$3,865$783
37 years$22,160$14,525$9,243$5,743$3,503$673
38 years$21,338$13,804$8,656$5,293$3,176$577
39 years$20,561$13,126$8,109$4,881$2,880$496
40 years$19,824$12,489$7,601$4,502$2,612$426
41 years$19,125$11,888$7,127$4,153$2,370$366
42 years$18,461$11,322$6,686$3,833$2,151$314
43 years$17,829$10,787$6,273$3,538$1,952$270
44 years$17,228$10,282$5,889$3,267$1,772$232
45 years$16,655$9,805$5,529$3,017$1,608$199
46 years$16,109$9,354$5,193$2,787$1,460$171
47 years$15,588$8,926$4,879$2,575$1,326$147
48 years$15,089$8,521$4,585$2,379$1,204$126
49 years$14,613$8,138$4,310$2,199$1,094$108
50 years$14,157$7,773$4,052$2,032$993$93

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,500,000, adding $2,524 every year, while hoping to spend $25,596 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: 31/43/26 Blend
69$14,500,000$14,500,000$14,500,000$14,500,000
70$15,981,604$15,213,104$14,988,354$16,349,171
71$17,584,493$15,931,312$15,463,229$17,350,148
72$19,350,020$16,683,854$15,953,156$18,424,437
73$21,294,745$17,472,386$16,458,610$19,580,352
74$23,436,919$18,298,644$16,980,084$20,825,043
75$25,796,654$19,164,446$17,518,086$22,166,338
76$28,396,111$20,071,702$18,073,139$23,612,808
77$31,259,710$21,022,411$18,645,785$25,173,844
78$34,414,363$22,018,672$19,236,582$26,859,737
79$37,889,725$23,062,684$19,846,104$28,681,763
80$41,718,475$24,156,753$20,474,946$30,652,285
81$45,936,622$25,303,297$21,123,720$32,784,862
82$50,583,851$26,504,852$21,793,059$35,094,364
83$55,703,891$27,764,077$22,483,613$37,597,103
84$61,344,930$29,083,759$23,196,056$40,310,981
85$67,560,071$30,466,822$23,931,082$43,255,643
86$74,407,833$31,916,330$24,689,408$46,452,656
87$81,952,700$33,435,498$25,471,771$49,925,697
88$90,265,734$35,027,696$26,278,934$53,700,768
89$99,425,244$36,696,459$27,111,684$57,806,427
90$109,517,525$38,445,492$27,970,832$62,274,041
91$120,637,673$40,278,681$28,857,214$67,138,078
92$132,890,480$42,200,101$29,771,696$72,436,405
93$146,391,428$44,214,025$30,715,167$78,210,641
94$161,267,776$46,324,934$31,688,547$84,506,528
95$177,659,761$48,537,527$32,692,784$91,374,348
96$195,721,922$50,856,731$33,728,858$98,869,381
97$215,624,560$53,287,714$34,797,777$107,052,407
98$237,555,347$55,835,893$35,900,584$115,990,263
99$261,721,091$58,506,951$37,038,353$125,756,451
100$288,349,698$61,306,847$38,212,193$136,431,812