Can I retire at age 70 with 15,000,000?

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 $15,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,172,450
2 years$613,211$601,790$590,722$579,991$569,581$545,833
3 years$404,746$393,277$382,236$371,606$361,366$338,281
4 years$300,535$289,100$278,170$267,721$257,729$235,486
5 years$238,024$226,658$215,871$205,635$195,922$174,583
6 years$196,364$185,083$174,456$164,448$155,026$134,615
7 years$166,618$155,433$144,974$135,202$126,078$106,599
8 years$144,319$133,234$122,949$113,418$104,594$86,042
9 years$126,984$116,005$105,896$96,607$88,083$70,446
10 years$113,125$102,252$92,323$83,276$75,051$58,312
11 years$101,793$91,029$81,280$72,475$64,546$48,685
12 years$92,356$81,703$72,133$63,570$55,935$40,928
13 years$84,377$73,836$64,446$56,123$48,776$34,600
14 years$77,544$67,114$57,905$49,820$42,757$29,384
15 years$71,628$61,310$52,281$44,430$37,646$25,049
16 years$66,456$56,251$47,400$39,783$33,272$21,421
17 years$61,897$51,805$43,132$35,744$29,501$18,367
18 years$57,849$47,870$39,374$32,213$26,231$15,784
19 years$54,232$44,366$36,045$29,107$23,380$13,590
20 years$50,980$41,227$33,081$26,362$20,884$11,719
21 years$48,042$38,401$30,428$23,925$18,689$10,120
22 years$45,375$35,846$28,044$21,754$16,752$8,750
23 years$42,943$33,526$25,894$19,811$15,037$7,573
24 years$40,717$31,412$23,947$18,069$13,516$6,559
25 years$38,672$29,478$22,180$16,502$12,162$5,686
26 years$36,788$27,705$20,571$15,088$10,955$4,932
27 years$35,046$26,074$19,102$13,811$9,877$4,281
28 years$33,432$24,569$17,757$12,654$8,912$3,717
29 years$31,931$23,178$16,525$11,604$8,048$3,229
30 years$30,534$21,889$15,392$10,649$7,272$2,806
31 years$29,228$20,693$14,350$9,780$6,574$2,439
32 years$28,007$19,579$13,389$8,989$5,947$2,121
33 years$26,863$18,542$12,501$8,266$5,382$1,844
34 years$25,788$17,574$11,680$7,605$4,873$1,604
35 years$24,776$16,668$10,920$7,001$4,413$1,396
36 years$23,823$15,821$10,216$6,448$3,999$1,215
37 years$22,924$15,026$9,562$5,941$3,624$1,057
38 years$22,074$14,280$8,954$5,476$3,286$920
39 years$21,270$13,579$8,389$5,049$2,980$801
40 years$20,507$12,919$7,863$4,657$2,703$697
41 years$19,784$12,298$7,373$4,297$2,452$607
42 years$19,097$11,712$6,916$3,965$2,225$529
43 years$18,444$11,159$6,490$3,660$2,019$460
44 years$17,822$10,637$6,092$3,380$1,833$401
45 years$17,230$10,143$5,720$3,121$1,664$349
46 years$16,665$9,676$5,372$2,883$1,511$304
47 years$16,125$9,234$5,047$2,664$1,372$265
48 years$15,610$8,815$4,743$2,461$1,246$231
49 years$15,117$8,418$4,458$2,275$1,131$201
50 years$14,645$8,041$4,191$2,103$1,028$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,000,000, adding $4,083 every year, while hoping to spend $29,195 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: 70/18/12 Blend
69$15,000,000$15,000,000$15,000,000$15,000,000
70$16,534,212$15,739,212$15,506,712$17,649,156
71$18,189,638$16,479,370$15,995,123$19,129,453
72$20,012,939$17,254,817$16,498,918$20,744,931
73$22,021,208$18,067,252$17,018,581$22,512,047
74$24,233,279$18,918,455$17,554,611$24,445,729
75$26,669,907$19,810,293$18,107,524$26,562,404
76$29,353,964$20,744,724$18,677,853$28,880,150
77$32,310,652$21,723,799$19,266,144$31,418,864
78$35,567,744$22,749,670$19,872,965$34,200,447
79$39,155,843$23,824,593$20,498,899$37,249,004
80$43,108,674$24,950,934$21,144,547$40,591,072
81$47,463,400$26,131,171$21,810,531$44,255,865
82$52,260,974$27,367,906$22,497,491$48,275,543
83$57,546,525$28,663,864$23,206,088$52,685,516
84$63,369,782$30,021,905$23,937,003$57,524,769
85$69,785,546$31,445,025$24,690,940$62,836,230
86$76,854,208$32,936,368$25,468,623$68,667,167
87$84,642,316$34,499,228$26,270,800$75,069,629
88$93,223,203$36,137,061$27,098,243$82,100,936
89$102,677,683$37,853,491$27,951,747$89,824,210
90$113,094,810$39,652,315$28,832,134$98,308,965
91$124,572,720$41,537,518$29,740,250$107,631,762
92$137,219,558$43,513,276$30,676,969$117,876,920
93$151,154,496$45,583,970$31,643,190$129,137,309
94$166,508,862$47,754,192$32,639,844$141,515,216
95$183,427,376$50,028,758$33,667,890$155,123,308
96$202,069,519$52,412,717$34,728,314$170,085,684
97$222,611,036$54,911,366$35,822,139$186,539,040
98$245,245,596$57,530,258$36,950,415$204,633,952
99$270,186,621$60,275,214$38,114,228$224,536,288
100$297,669,298$63,152,342$39,314,696$246,428,763