Can I retire at age 70 with 14,700,000?

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 $14,700,000?

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 years$1,213,912$1,203,099$1,192,550$1,182,253$1,172,199$1,162,377
2 years$600,947$589,755$578,908$568,391$558,190$548,291
3 years$396,652$385,411$374,592$364,174$354,139$344,469
4 years$294,524$283,318$272,607$262,367$252,575$243,209
5 years$233,263$222,125$211,554$201,523$192,003$182,969
6 years$192,436$181,382$170,967$161,159$151,926$143,235
7 years$163,286$152,324$142,074$132,498$123,556$115,212
8 years$141,433$130,570$120,490$111,149$102,502$94,505
9 years$124,445$113,684$103,778$94,674$86,321$78,668
10 years$110,862$100,207$90,476$81,610$73,550$66,237
11 years$99,757$89,209$79,654$71,025$63,256$56,277
12 years$90,509$80,069$70,691$62,299$54,816$48,165
13 years$82,690$72,359$63,158$55,001$47,801$41,470
14 years$75,993$65,772$56,747$48,823$41,902$35,884
15 years$70,195$60,084$51,235$43,542$36,894$31,180
16 years$65,127$55,126$46,452$38,987$32,607$27,188
17 years$60,659$50,769$42,270$35,029$28,911$23,778
18 years$56,692$46,913$38,587$31,569$25,707$20,850
19 years$53,147$43,478$35,324$28,525$22,913$18,323
20 years$49,961$40,402$32,419$25,835$20,466$16,132
21 years$47,081$37,633$29,819$23,447$18,315$14,228
22 years$44,467$35,129$27,483$21,318$16,417$12,566
23 years$42,084$32,856$25,376$19,415$14,737$11,112
24 years$39,903$30,784$23,468$17,708$13,246$9,838
25 years$37,899$28,889$21,736$16,172$11,919$8,718
26 years$36,052$27,151$20,159$14,787$10,736$7,732
27 years$34,345$25,552$18,720$13,535$9,680$6,863
28 years$32,763$24,078$17,402$12,401$8,734$6,095
29 years$31,293$22,714$16,194$11,372$7,887$5,417
30 years$29,923$21,451$15,084$10,436$7,126$4,816
31 years$28,644$20,279$14,063$9,585$6,443$4,285
32 years$27,447$19,188$13,121$8,809$5,828$3,813
33 years$26,326$18,171$12,251$8,100$5,274$3,395
34 years$25,272$17,222$11,447$7,453$4,775$3,023
35 years$24,281$16,335$10,702$6,861$4,325$2,693
36 years$23,347$15,504$10,011$6,319$3,919$2,399
37 years$22,466$14,725$9,370$5,822$3,552$2,138
38 years$21,633$13,994$8,775$5,366$3,220$1,906
39 years$20,844$13,307$8,221$4,948$2,920$1,699
40 years$20,097$12,661$7,706$4,564$2,648$1,515
41 years$19,388$12,052$7,225$4,211$2,403$1,351
42 years$18,715$11,478$6,778$3,886$2,180$1,205
43 years$18,075$10,936$6,360$3,587$1,979$1,075
44 years$17,466$10,424$5,970$3,312$1,796$959
45 years$16,885$9,941$5,606$3,059$1,631$856
46 years$16,331$9,483$5,265$2,825$1,480$764
47 years$15,803$9,050$4,946$2,610$1,344$681
48 years$15,298$8,639$4,648$2,412$1,221$608
49 years$14,815$8,250$4,369$2,229$1,109$543
50 years$14,352$7,881$4,107$2,060$1,007$484

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,700,000, adding $2,169 every year, while hoping to spend $52,541 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: 61/20/19 Blend
69$14,700,000$14,700,000$14,700,000$14,700,000
70$16,201,637$15,422,537$15,194,687$17,110,242
71$17,798,301$16,122,338$15,647,806$18,423,904
72$19,556,064$16,854,669$16,114,343$19,850,900
73$21,491,302$17,621,067$16,594,693$21,407,062
74$23,622,060$18,423,145$17,089,261$23,104,939
75$25,968,223$19,262,592$17,598,465$24,958,334
76$28,551,702$20,141,179$18,122,733$26,982,432
77$31,396,639$21,060,760$18,662,508$29,193,937
78$34,529,638$22,023,279$19,218,244$31,611,232
79$37,980,015$23,030,774$19,790,409$34,254,542
80$41,780,074$24,085,380$20,379,485$37,146,124
81$45,965,411$25,189,333$20,985,967$40,310,475
82$50,575,251$26,344,978$21,610,366$43,774,555
83$55,652,818$27,554,773$22,253,204$47,568,037
84$61,245,742$28,821,293$22,915,023$51,723,586
85$67,406,508$30,147,238$23,596,377$56,277,161
86$74,192,955$31,535,435$24,297,838$61,268,345
87$81,668,814$32,988,850$25,019,994$66,740,720
88$89,904,320$34,510,589$25,763,450$72,742,267
89$98,976,863$36,103,911$26,528,828$79,325,819
90$108,971,728$37,772,228$27,316,769$86,549,545
91$119,982,895$39,519,118$28,127,932$94,477,502
92$132,113,927$41,348,331$28,962,994$103,180,226
93$145,478,946$43,263,798$29,822,653$112,735,396
94$160,203,713$45,269,639$30,707,626$123,228,556
95$176,426,813$47,370,172$31,618,653$134,753,915
96$194,300,962$49,569,925$32,556,492$147,415,234
97$213,994,451$51,873,642$33,521,925$161,326,787
98$235,692,732$54,286,297$34,515,756$176,614,443
99$259,600,169$56,813,103$35,538,812$193,416,836
100$285,941,967$59,459,527$36,591,944$211,886,667