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%11.3%
1 years$1,238,686$1,227,652$1,216,888$1,206,381$1,196,121$1,189,580
2 years$613,211$601,790$590,722$579,991$569,581$562,982
3 years$404,746$393,277$382,236$371,606$361,366$354,911
4 years$300,535$289,100$278,170$267,721$257,729$251,469
5 years$238,024$226,658$215,871$205,635$195,922$189,875
6 years$196,364$185,083$174,456$164,448$155,026$149,201
7 years$166,618$155,433$144,974$135,202$126,078$120,476
8 years$144,319$133,234$122,949$113,418$104,594$99,217
9 years$126,984$116,005$105,896$96,607$88,083$82,929
10 years$113,125$102,252$92,323$83,276$75,051$70,118
11 years$101,793$91,029$81,280$72,475$64,546$59,830
12 years$92,356$81,703$72,133$63,570$55,935$51,432
13 years$84,377$73,836$64,446$56,123$48,776$44,482
14 years$77,544$67,114$57,905$49,820$42,757$38,667
15 years$71,628$61,310$52,281$44,430$37,646$33,755
16 years$66,456$56,251$47,400$39,783$33,272$29,574
17 years$61,897$51,805$43,132$35,744$29,501$25,991
18 years$57,849$47,870$39,374$32,213$26,231$22,903
19 years$54,232$44,366$36,045$29,107$23,380$20,227
20 years$50,980$41,227$33,081$26,362$20,884$17,900
21 years$48,042$38,401$30,428$23,925$18,689$15,868
22 years$45,375$35,846$28,044$21,754$16,752$14,089
23 years$42,943$33,526$25,894$19,811$15,037$12,525
24 years$40,717$31,412$23,947$18,069$13,516$11,148
25 years$38,672$29,478$22,180$16,502$12,162$9,932
26 years$36,788$27,705$20,571$15,088$10,955$8,858
27 years$35,046$26,074$19,102$13,811$9,877$7,905
28 years$33,432$24,569$17,757$12,654$8,912$7,061
29 years$31,931$23,178$16,525$11,604$8,048$6,310
30 years$30,534$21,889$15,392$10,649$7,272$5,643
31 years$29,228$20,693$14,350$9,780$6,574$5,048
32 years$28,007$19,579$13,389$8,989$5,947$4,518
33 years$26,863$18,542$12,501$8,266$5,382$4,046
34 years$25,788$17,574$11,680$7,605$4,873$3,624
35 years$24,776$16,668$10,920$7,001$4,413$3,247
36 years$23,823$15,821$10,216$6,448$3,999$2,910
37 years$22,924$15,026$9,562$5,941$3,624$2,609
38 years$22,074$14,280$8,954$5,476$3,286$2,340
39 years$21,270$13,579$8,389$5,049$2,980$2,098
40 years$20,507$12,919$7,863$4,657$2,703$1,882
41 years$19,784$12,298$7,373$4,297$2,452$1,689
42 years$19,097$11,712$6,916$3,965$2,225$1,515
43 years$18,444$11,159$6,490$3,660$2,019$1,360
44 years$17,822$10,637$6,092$3,380$1,833$1,221
45 years$17,230$10,143$5,720$3,121$1,664$1,096
46 years$16,665$9,676$5,372$2,883$1,511$984
47 years$16,125$9,234$5,047$2,664$1,372$883
48 years$15,610$8,815$4,743$2,461$1,246$793
49 years$15,117$8,418$4,458$2,275$1,131$712
50 years$14,645$8,041$4,191$2,103$1,028$639

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 $5,612 every year, while hoping to spend $35,237 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: 65/28/7 Blend
69$15,000,000$15,000,000$15,000,000$15,000,000
70$16,535,789$15,740,789$15,508,289$17,589,440
71$18,184,947$16,474,596$15,990,325$19,024,704
72$20,001,139$17,243,178$16,487,328$20,587,443
73$22,001,364$18,048,202$16,999,762$22,293,829
74$24,204,356$18,891,417$17,528,106$24,157,827
75$26,630,756$19,774,652$18,072,854$26,194,798
76$29,303,312$20,699,830$18,634,514$28,421,637
77$32,247,090$21,668,961$19,213,610$30,856,926
78$35,489,711$22,684,158$19,810,684$33,521,112
79$39,061,612$23,747,632$20,426,292$36,436,685
80$42,996,333$24,861,703$21,061,009$39,628,394
81$47,330,835$26,028,801$21,715,429$43,123,470
82$52,105,845$27,251,478$22,390,160$46,951,880
83$57,366,245$28,532,404$23,085,835$51,146,604
84$63,161,492$29,874,382$23,803,100$55,743,937
85$69,546,087$31,280,350$24,542,627$60,783,830
86$76,580,088$32,753,387$25,305,105$66,310,257
87$84,329,676$34,296,722$26,091,245$72,371,623
88$92,867,782$35,913,741$26,901,781$79,021,218
89$102,274,775$37,607,992$27,737,470$86,317,705
90$112,639,216$39,383,199$28,599,090$94,325,672
91$124,058,702$41,243,261$29,487,445$103,116,230
92$136,640,779$43,192,271$30,403,364$112,767,678
93$150,503,963$45,234,516$31,347,701$123,366,230
94$165,778,856$47,374,496$32,321,337$135,006,820
95$182,609,377$49,616,924$33,325,180$147,793,990
96$201,154,125$51,966,745$34,360,165$161,842,863
97$221,587,873$54,429,143$35,427,258$177,280,223
98$244,103,219$57,009,553$36,527,453$194,245,694
99$268,912,401$59,713,675$37,661,777$212,893,053
100$296,249,305$62,547,484$38,831,286$233,391,664