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%18.7%
1 years$1,197,396$1,186,731$1,176,325$1,166,168$1,156,250$1,115,669
2 years$592,771$581,731$571,031$560,658$550,595$510,137
3 years$391,255$380,167$369,495$359,219$349,320$310,256
4 years$290,517$279,463$268,898$258,797$249,138$211,766
5 years$230,090$219,103$208,676$198,781$189,391$153,809
6 years$189,818$178,914$168,641$158,967$149,859$116,094
7 years$161,064$150,252$140,141$130,695$121,875$89,922
8 years$139,508$128,793$118,851$109,637$101,107$70,939
9 years$122,752$112,138$102,366$93,386$85,147$56,724
10 years$109,354$98,844$89,245$80,500$72,549$45,825
11 years$98,400$87,995$78,570$70,059$62,395$37,315
12 years$89,277$78,980$69,729$61,451$54,070$30,575
13 years$81,565$71,374$62,298$54,252$47,150$25,177
14 years$74,959$64,877$55,975$48,159$41,332$20,815
15 years$69,240$59,267$50,538$42,949$36,392$17,264
16 years$64,240$54,376$45,820$38,457$32,163$14,357
17 years$59,834$50,078$41,695$34,553$28,518$11,966
18 years$55,921$46,275$38,062$31,139$25,357$9,990
19 years$52,424$42,887$34,844$28,137$22,601$8,353
20 years$49,281$39,852$31,978$25,483$20,188$6,993
21 years$46,441$37,121$29,413$23,128$18,066$5,861
22 years$43,862$34,651$27,109$21,028$16,193$4,916
23 years$41,511$32,408$25,030$19,151$14,536$4,126
24 years$39,360$30,365$23,149$17,467$13,065$3,465
25 years$37,383$28,496$21,441$15,952$11,757$2,912
26 years$35,562$26,781$19,885$14,585$10,590$2,448
27 years$33,878$25,204$18,465$13,350$9,548$2,058
28 years$32,317$23,750$17,166$12,232$8,615$1,731
29 years$30,867$22,405$15,974$11,217$7,779$1,457
30 years$29,516$21,160$14,879$10,294$7,029$1,226
31 years$28,254$20,003$13,871$9,454$6,355$1,032
32 years$27,074$18,927$12,942$8,689$5,749$868
33 years$25,967$17,924$12,084$7,990$5,202$731
34 years$24,928$16,988$11,291$7,352$4,710$616
35 years$23,951$16,113$10,556$6,768$4,266$518
36 years$23,029$15,293$9,875$6,233$3,865$437
37 years$22,160$14,525$9,243$5,743$3,503$368
38 years$21,338$13,804$8,656$5,293$3,176$310
39 years$20,561$13,126$8,109$4,881$2,880$261
40 years$19,824$12,489$7,601$4,502$2,612$220
41 years$19,125$11,888$7,127$4,153$2,370$185
42 years$18,461$11,322$6,686$3,833$2,151$156
43 years$17,829$10,787$6,273$3,538$1,952$131
44 years$17,228$10,282$5,889$3,267$1,772$111
45 years$16,655$9,805$5,529$3,017$1,608$93
46 years$16,109$9,354$5,193$2,787$1,460$78
47 years$15,588$8,926$4,879$2,575$1,326$66
48 years$15,089$8,521$4,585$2,379$1,204$56
49 years$14,613$8,138$4,310$2,199$1,094$47
50 years$14,157$7,773$4,052$2,032$993$40

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 $5,315 every year, while hoping to spend $21,292 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: 29/44/27 Blend
69$14,500,000$14,500,000$14,500,000$14,500,000
70$15,984,482$15,215,982$14,991,232$16,314,308
71$17,592,245$15,938,911$15,470,784$17,297,302
72$19,363,286$16,696,550$15,965,687$18,351,130
73$21,314,237$17,490,576$16,476,434$19,483,671
74$23,463,426$18,322,751$17,003,531$20,701,737
75$25,831,048$19,194,919$17,547,502$22,012,780
76$28,439,361$20,109,015$18,108,889$23,424,955
77$31,312,887$21,067,069$18,688,249$24,947,194
78$34,478,654$22,071,208$19,286,158$26,589,275
79$37,966,443$23,123,663$19,903,210$28,361,912
80$41,809,072$24,226,774$20,540,019$30,276,845
81$46,042,705$25,382,994$21,197,217$32,346,939
82$50,707,195$26,594,895$21,875,459$34,586,301
83$55,846,460$27,865,176$22,575,418$37,010,398
84$61,508,895$29,196,666$23,297,790$39,636,198
85$67,747,830$30,592,330$24,043,293$42,482,313
86$74,622,035$32,055,280$24,812,670$45,569,168
87$82,196,272$33,588,779$25,606,684$48,919,178
88$90,541,910$35,196,247$26,426,126$52,556,951
89$99,737,593$36,881,271$27,271,809$56,509,504
90$109,869,989$38,647,615$28,144,576$60,806,505
91$121,034,603$40,499,223$29,045,295$65,480,539
92$133,336,680$42,440,233$29,974,860$70,567,400
93$146,892,201$44,474,984$30,934,197$76,106,414
94$161,828,973$46,608,026$31,924,261$82,140,791
95$178,287,840$48,844,130$32,946,034$88,718,021
96$196,424,008$51,188,301$34,000,536$95,890,297
97$216,408,517$53,645,788$35,088,813$103,714,995
98$238,429,846$56,222,092$36,211,949$112,255,193
99$262,695,703$58,922,987$37,371,062$121,580,244
100$289,434,977$61,754,526$38,567,305$131,766,414