Can I retire at age 70 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,174,762
2 years$609,123$597,778$586,784$576,124$565,784$552,309
3 years$402,048$390,655$379,688$369,128$358,957$345,810
4 years$298,531$287,173$276,316$265,936$256,011$243,294
5 years$236,437$225,147$214,432$204,264$194,615$182,366
6 years$195,055$183,849$173,293$163,352$153,993$142,225
7 years$165,507$154,396$144,007$134,301$125,237$113,956
8 years$143,357$132,346$122,130$112,661$103,896$93,101
9 years$126,138$115,231$105,190$95,963$87,496$77,182
10 years$112,371$101,571$91,707$82,721$74,551$64,712
11 years$101,114$90,422$80,738$71,992$64,116$54,744
12 years$91,740$81,158$71,653$63,146$55,562$46,646
13 years$83,815$73,343$64,017$55,749$48,451$39,981
14 years$77,027$66,667$57,519$49,488$42,472$34,436
15 years$71,150$60,902$51,932$44,134$37,395$29,781
16 years$66,013$55,876$47,084$39,517$33,050$25,843
17 years$61,484$51,460$42,845$35,506$29,305$22,492
18 years$57,464$47,551$39,112$31,998$26,056$19,624
19 years$53,870$44,070$35,805$28,913$23,225$17,158
20 years$50,640$40,952$32,860$26,186$20,745$15,030
21 years$47,722$38,145$30,225$23,766$18,564$13,187
22 years$45,072$35,607$27,857$21,609$16,640$11,585
23 years$42,657$33,303$25,721$19,679$14,937$10,191
24 years$40,446$31,202$23,787$17,949$13,426$8,973
25 years$38,415$29,282$22,032$16,392$12,081$7,908
26 years$36,543$27,520$20,434$14,988$10,882$6,976
27 years$34,813$25,900$18,974$13,719$9,811$6,157
28 years$33,209$24,405$17,639$12,569$8,853$5,438
29 years$31,718$23,023$16,415$11,526$7,994$4,805
30 years$30,330$21,743$15,290$10,578$7,223$4,248
31 years$29,034$20,555$14,254$9,715$6,530$3,758
32 years$27,821$19,449$13,299$8,929$5,907$3,325
33 years$26,684$18,418$12,418$8,211$5,346$2,943
34 years$25,616$17,456$11,602$7,554$4,840$2,605
35 years$24,611$16,557$10,847$6,954$4,384$2,307
36 years$23,665$15,715$10,147$6,405$3,972$2,044
37 years$22,771$14,926$9,498$5,901$3,600$1,811
38 years$21,927$14,185$8,894$5,439$3,264$1,604
39 years$21,128$13,488$8,333$5,015$2,960$1,422
40 years$20,371$12,833$7,811$4,626$2,685$1,260
41 years$19,652$12,216$7,324$4,268$2,435$1,117
42 years$18,970$11,634$6,870$3,939$2,210$990
43 years$18,321$11,085$6,447$3,636$2,006$878
44 years$17,703$10,566$6,051$3,357$1,821$779
45 years$17,115$10,076$5,682$3,100$1,653$691
46 years$16,553$9,612$5,337$2,864$1,501$612
47 years$16,018$9,173$5,014$2,646$1,363$543
48 years$15,506$8,757$4,711$2,445$1,237$482
49 years$15,016$8,362$4,428$2,260$1,124$427
50 years$14,548$7,988$4,163$2,089$1,021$379

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,900,000, adding $4,704 every year, while hoping to spend $29,136 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: 69/8/23 Blend
69$14,900,000$14,900,000$14,900,000$14,900,000
70$16,424,652$15,634,952$15,404,002$17,462,273
71$18,068,966$16,370,064$15,889,036$18,892,502
72$19,880,024$17,140,221$16,389,341$20,453,230
73$21,874,802$17,947,107$16,905,400$22,160,486
74$24,072,008$18,792,492$17,437,708$24,028,760
75$26,492,258$19,678,229$17,986,776$26,074,005
76$29,158,268$20,606,262$18,553,132$28,313,782
77$32,095,071$21,578,628$19,137,322$30,767,427
78$35,330,251$22,597,464$19,739,905$33,456,228
79$38,894,206$23,665,009$20,361,461$36,403,623
80$42,820,433$24,783,613$21,002,588$39,635,423
81$47,145,845$25,955,737$21,663,902$43,180,047
82$51,911,117$27,183,964$22,346,039$47,068,794
83$57,161,073$28,471,000$23,049,653$51,336,129
84$62,945,107$29,819,684$23,775,422$56,020,010
85$69,317,652$31,232,993$24,524,042$61,162,241
86$76,338,689$32,714,046$25,296,234$66,808,864
87$84,074,317$34,266,115$26,092,739$73,010,591
88$92,597,374$35,892,632$26,914,324$79,823,278
89$101,988,130$37,597,194$27,761,777$87,308,446
90$112,335,035$39,383,573$28,635,913$95,533,866
91$123,735,565$41,255,725$29,537,572$104,574,185
92$136,297,133$43,217,796$30,467,621$114,511,633
93$150,138,108$45,274,135$31,426,953$125,436,794
94$165,388,930$47,429,303$32,416,492$137,449,452
95$182,193,344$49,688,081$33,437,187$150,659,537
96$200,709,752$52,055,484$34,490,020$165,188,148
97$221,112,713$54,536,770$35,576,002$181,168,698
98$243,594,590$57,137,451$36,696,177$198,748,167
99$268,367,361$59,863,309$37,851,623$218,088,481
100$295,664,628$62,720,408$39,043,448$239,368,039