Can I retire at age 70 with 14,800,000?

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 $14,800,000?

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$1,222,170$1,211,284$1,200,662$1,190,296$1,180,173$1,138,752
2 years$605,035$593,767$582,846$572,257$561,987$520,691
3 years$399,350$388,033$377,140$366,651$356,548$316,675
4 years$296,528$285,245$274,461$264,151$254,293$216,147
5 years$234,850$223,636$212,993$202,894$193,309$156,991
6 years$193,746$182,615$172,130$162,256$152,959$118,496
7 years$164,396$153,360$143,041$133,399$124,397$91,782
8 years$142,395$131,458$121,310$111,905$103,199$72,406
9 years$125,291$114,458$104,484$95,319$86,909$57,898
10 years$111,617$100,889$91,092$82,165$74,050$46,773
11 years$100,435$89,816$80,196$71,509$63,686$38,087
12 years$91,125$80,614$71,172$62,723$55,189$31,207
13 years$83,252$72,851$63,587$55,375$48,126$25,698
14 years$76,510$66,220$57,133$49,155$42,187$21,245
15 years$70,673$60,493$51,584$43,838$37,144$17,621
16 years$65,570$55,501$46,768$39,252$32,828$14,654
17 years$61,072$51,114$42,557$35,268$29,108$12,213
18 years$57,078$47,232$38,849$31,783$25,881$10,197
19 years$53,509$43,774$35,565$28,719$23,069$8,526
20 years$50,301$40,677$32,639$26,011$20,605$7,138
21 years$47,402$37,889$30,022$23,606$18,439$5,982
22 years$44,770$35,368$27,670$21,463$16,528$5,017
23 years$42,370$33,079$25,548$19,547$14,837$4,211
24 years$40,174$30,993$23,628$17,828$13,336$3,537
25 years$38,157$29,085$21,884$16,282$12,000$2,972
26 years$36,298$27,336$20,296$14,887$10,809$2,498
27 years$34,579$25,726$18,847$13,627$9,745$2,101
28 years$32,986$24,241$17,521$12,485$8,793$1,767
29 years$31,506$22,869$16,305$11,449$7,940$1,487
30 years$30,126$21,597$15,187$10,507$7,175$1,251
31 years$28,839$20,417$14,158$9,650$6,486$1,053
32 years$27,634$19,318$13,210$8,869$5,867$886
33 years$26,505$18,295$12,334$8,155$5,310$746
34 years$25,444$17,339$11,524$7,504$4,808$628
35 years$24,446$16,446$10,775$6,908$4,354$529
36 years$23,506$15,610$10,079$6,362$3,945$446
37 years$22,618$14,826$9,434$5,861$3,576$375
38 years$21,780$14,090$8,835$5,403$3,242$316
39 years$20,986$13,398$8,277$4,982$2,940$266
40 years$20,234$12,747$7,758$4,595$2,666$224
41 years$19,520$12,134$7,275$4,239$2,419$189
42 years$18,843$11,556$6,824$3,912$2,195$159
43 years$18,198$11,010$6,403$3,612$1,992$134
44 years$17,585$10,495$6,011$3,335$1,808$113
45 years$17,000$10,008$5,644$3,080$1,642$95
46 years$16,442$9,547$5,301$2,845$1,491$80
47 years$15,910$9,111$4,980$2,628$1,353$67
48 years$15,402$8,698$4,680$2,429$1,229$57
49 years$14,915$8,306$4,399$2,244$1,116$48
50 years$14,450$7,934$4,135$2,075$1,014$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,800,000, adding $5,801 every year, while hoping to spend $27,696 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: 64/27/9 Blend
69$14,800,000$14,800,000$14,800,000$14,800,000
70$16,315,584$15,531,184$15,301,784$17,328,760
71$17,950,305$16,262,743$15,784,925$18,736,725
72$19,750,839$17,029,221$16,283,324$20,270,130
73$21,734,071$17,832,299$16,797,461$21,944,220
74$23,918,605$18,673,740$17,327,834$23,772,662
75$26,324,942$19,555,393$17,874,956$25,770,488
76$28,975,674$20,479,196$18,439,356$27,954,228
77$31,895,698$21,447,181$19,021,579$30,342,069
78$35,112,446$22,461,479$19,622,188$32,954,013
79$38,656,148$23,524,325$20,241,765$35,812,070
80$42,560,119$24,638,061$20,880,908$38,940,452
81$46,861,068$25,805,142$21,540,234$42,365,805
82$51,599,447$27,028,145$22,220,383$46,117,448
83$56,819,836$28,309,769$22,922,011$50,227,646
84$62,571,358$29,652,846$23,645,797$54,731,912
85$68,908,145$31,060,344$24,392,440$59,669,329
86$75,889,852$32,535,377$25,162,663$65,082,920
87$83,582,215$34,081,209$25,957,210$71,020,041
88$92,057,674$35,701,261$26,776,850$77,532,824
89$101,396,058$37,399,124$27,622,375$84,678,659
90$111,685,334$39,178,559$28,494,603$92,520,732
91$123,022,443$41,043,514$29,394,377$101,128,608
92$135,514,212$42,998,125$30,322,568$110,578,884
93$149,278,360$45,046,732$31,280,073$120,955,897
94$164,444,615$47,193,884$32,267,817$132,352,515
95$181,155,933$49,444,352$33,286,757$144,871,005
96$199,569,852$51,803,139$34,337,877$158,623,983
97$219,859,975$54,275,491$35,422,194$173,735,467
98$242,217,612$56,866,910$36,540,757$190,342,041
99$266,853,583$59,583,163$37,694,647$208,594,127
100$294,000,211$62,430,300$38,884,980$228,657,395