Can I retire at age 70 with 14,600,000?

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 $14,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,205,654$1,194,915$1,184,437$1,174,210$1,164,225$1,153,988
2 years$596,859$585,743$574,970$564,524$554,393$544,077
3 years$393,953$382,789$372,043$361,696$351,729$341,655
4 years$292,520$281,391$270,752$260,582$250,856$241,101
5 years$231,677$220,614$210,115$200,152$190,697$181,288
6 years$191,127$180,148$169,804$160,063$150,892$141,842
7 years$162,175$151,288$141,108$131,597$122,716$114,029
8 years$140,471$129,682$119,671$110,393$101,804$93,481
9 years$123,598$112,911$103,072$94,030$85,734$77,771
10 years$110,108$99,526$89,861$81,055$73,050$65,442
11 years$99,078$88,602$79,112$70,542$62,825$55,567
12 years$89,893$79,524$70,210$61,875$54,443$47,528
13 years$82,127$71,867$62,728$54,626$47,475$40,895
14 years$75,476$65,325$56,361$48,491$41,617$35,363
15 years$69,718$59,675$50,887$43,246$36,643$30,706
16 years$64,684$54,751$46,136$38,722$32,385$26,757
17 years$60,246$50,424$41,982$34,791$28,715$23,385
18 years$56,307$46,594$38,324$31,354$25,532$20,491
19 years$52,786$43,183$35,084$28,331$22,757$17,994
20 years$49,621$40,127$32,198$25,659$20,327$15,831
21 years$46,761$37,377$29,616$23,287$18,190$13,952
22 years$44,165$34,890$27,296$21,173$16,305$12,313
23 years$41,798$32,632$25,203$19,283$14,636$10,880
24 years$39,631$30,574$23,309$17,587$13,155$9,625
25 years$37,641$28,692$21,588$16,062$11,838$8,523
26 years$35,807$26,966$20,022$14,686$10,663$7,553
27 years$34,112$25,378$18,592$13,442$9,614$6,699
28 years$32,540$23,914$17,284$12,316$8,675$5,945
29 years$31,080$22,560$16,084$11,294$7,833$5,279
30 years$29,719$21,305$14,982$10,365$7,078$4,690
31 years$28,449$20,141$13,967$9,520$6,399$4,169
32 years$27,261$19,057$13,032$8,749$5,788$3,707
33 years$26,146$18,047$12,168$8,045$5,238$3,297
34 years$25,100$17,105$11,369$7,402$4,743$2,934
35 years$24,116$16,224$10,629$6,814$4,296$2,611
36 years$23,188$15,399$9,943$6,276$3,892$2,325
37 years$22,313$14,625$9,307$5,782$3,528$2,070
38 years$21,485$13,899$8,715$5,330$3,198$1,844
39 years$20,702$13,217$8,165$4,914$2,900$1,642
40 years$19,961$12,575$7,653$4,533$2,630$1,463
41 years$19,257$11,970$7,176$4,182$2,386$1,304
42 years$18,588$11,400$6,732$3,859$2,165$1,162
43 years$17,952$10,862$6,317$3,563$1,965$1,036
44 years$17,347$10,353$5,929$3,290$1,784$923
45 years$16,770$9,873$5,567$3,038$1,619$823
46 years$16,220$9,418$5,229$2,806$1,470$734
47 years$15,695$8,988$4,913$2,593$1,335$654
48 years$15,193$8,580$4,617$2,396$1,213$583
49 years$14,714$8,194$4,339$2,214$1,101$520
50 years$14,255$7,827$4,080$2,046$1,000$464

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,600,000, adding $6,804 every year, while hoping to spend $35,944 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: 45/49/6 Blend
69$14,600,000$14,600,000$14,600,000$14,600,000
70$16,096,218$15,322,418$15,096,118$16,793,596
71$17,699,788$16,034,973$15,563,594$17,987,310
72$19,465,718$16,781,238$16,045,526$19,276,594
73$21,410,530$17,562,827$16,542,359$20,673,669
74$23,552,431$18,381,432$17,054,555$22,188,462
75$25,911,483$19,238,827$17,582,587$23,831,864
76$28,509,795$20,136,870$18,126,945$25,615,824
77$31,371,728$21,077,511$18,688,132$27,553,455
78$34,524,128$22,062,792$19,266,667$29,659,154
79$37,996,575$23,094,855$19,863,086$31,948,723
80$41,821,668$24,175,945$20,477,942$34,439,516
81$46,035,327$25,308,416$21,111,803$37,150,591
82$50,677,138$26,494,735$21,765,255$40,102,884
83$55,790,718$27,737,489$22,438,903$43,319,391
84$61,424,136$29,039,391$23,133,371$46,825,383
85$67,630,360$30,403,283$23,849,301$50,648,628
86$74,467,758$31,832,146$24,587,354$54,819,644
87$82,000,653$33,329,104$25,348,214$59,371,977
88$90,299,925$34,897,435$26,132,585$64,342,505
89$99,443,681$36,540,574$26,941,190$69,771,772
90$109,517,995$38,262,120$27,774,779$75,704,358
91$120,617,717$40,065,851$28,634,121$82,189,290
92$132,847,371$41,955,725$29,520,010$89,280,485
93$146,322,139$43,935,891$30,433,267$97,037,245
94$161,168,951$46,010,703$31,374,734$105,524,804
95$177,527,678$48,184,722$32,345,282$114,814,925
96$195,552,459$50,462,731$33,345,808$124,986,559
97$215,413,153$52,849,748$34,377,235$136,126,574
98$237,296,939$55,351,030$35,440,516$148,330,556
99$261,410,088$57,972,092$36,536,635$161,703,689
100$287,979,907$60,718,714$37,666,603$176,361,729