Can I retire at age 70 with 15,100,000?

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 $15,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,179,302
2 years$617,299$605,802$594,660$583,857$573,379$548,512
3 years$407,445$395,899$384,785$374,083$363,775$339,612
4 years$302,538$291,027$280,025$269,506$259,447$236,173
5 years$239,611$228,169$217,311$207,006$197,228$174,909
6 years$197,673$186,317$175,619$165,545$156,060$134,720
7 years$167,729$156,469$145,940$136,103$126,918$106,562
8 years$145,281$134,123$123,769$114,174$105,291$85,912
9 years$127,831$116,778$106,602$97,251$88,670$70,256
10 years$113,879$102,934$92,938$83,831$75,551$58,083
11 years$102,471$91,636$81,821$72,958$64,977$48,433
12 years$92,972$82,248$72,614$63,994$56,307$40,663
13 years$84,940$74,328$64,876$56,497$49,101$34,330
14 years$78,061$67,562$58,292$50,152$43,042$29,115
15 years$72,105$61,719$52,629$44,727$37,897$24,785
16 years$66,899$56,626$47,716$40,048$33,494$21,166
17 years$62,310$52,150$43,420$35,983$29,698$18,122
18 years$58,235$48,189$39,637$32,428$26,406$15,551
19 years$54,593$44,661$36,286$29,301$23,536$13,369
20 years$51,320$41,502$33,301$26,538$21,023$11,512
21 years$48,362$38,657$30,631$24,085$18,813$9,926
22 years$45,677$36,085$28,231$21,899$16,863$8,569
23 years$43,229$33,750$26,066$19,943$15,138$7,404
24 years$40,988$31,621$24,107$18,190$13,606$6,403
25 years$38,930$29,675$22,328$16,612$12,243$5,542
26 years$37,033$27,890$20,708$15,189$11,028$4,800
27 years$35,280$26,247$19,229$13,903$9,943$4,159
28 years$33,655$24,733$17,876$12,738$8,972$3,605
29 years$32,144$23,333$16,635$11,681$8,101$3,127
30 years$30,737$22,035$15,495$10,720$7,320$2,713
31 years$29,423$20,830$14,445$9,846$6,618$2,354
32 years$28,194$19,710$13,478$9,048$5,986$2,043
33 years$27,042$18,666$12,584$8,321$5,418$1,774
34 years$25,960$17,691$11,758$7,656$4,905$1,541
35 years$24,942$16,779$10,993$7,048$4,443$1,338
36 years$23,982$15,926$10,284$6,491$4,025$1,163
37 years$23,077$15,126$9,625$5,980$3,648$1,010
38 years$22,221$14,375$9,014$5,512$3,308$878
39 years$21,411$13,669$8,445$5,083$2,999$763
40 years$20,644$13,005$7,915$4,688$2,721$663
41 years$19,916$12,380$7,422$4,325$2,468$576
42 years$19,225$11,790$6,962$3,992$2,240$501
43 years$18,567$11,234$6,533$3,685$2,033$435
44 years$17,941$10,708$6,132$3,402$1,845$378
45 years$17,345$10,211$5,758$3,142$1,675$329
46 years$16,776$9,741$5,408$2,902$1,521$286
47 years$16,233$9,296$5,081$2,681$1,381$249
48 years$15,714$8,874$4,775$2,478$1,254$216
49 years$15,218$8,474$4,488$2,290$1,139$188
50 years$14,743$8,095$4,219$2,117$1,035$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,100,000, adding $6,252 every year, while hoping to spend $44,280 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: 25/47/28 Blend
69$15,100,000$15,100,000$15,100,000$15,100,000
70$16,646,649$15,846,349$15,612,299$16,916,391
71$18,297,494$16,575,706$16,088,197$17,871,611
72$20,115,240$17,339,318$16,578,554$18,890,869
73$22,116,866$18,138,817$17,083,807$19,982,793
74$24,321,079$18,975,911$17,604,407$21,153,509
75$26,748,493$19,852,394$18,140,819$22,409,715
76$29,421,823$20,770,145$18,693,520$23,758,734
77$32,366,099$21,731,133$19,263,003$25,208,575
78$35,608,904$22,737,421$19,849,777$26,768,002
79$39,180,632$23,791,174$20,454,363$28,446,607
80$43,114,773$24,894,659$21,077,302$30,254,890
81$47,448,235$26,050,252$21,719,146$32,204,352
82$52,221,686$27,260,446$22,380,469$34,307,590
83$57,479,942$28,527,852$23,061,859$36,578,410
84$63,272,387$29,855,207$23,763,922$39,031,942
85$69,653,441$31,245,382$24,487,283$41,684,775
86$76,683,070$32,701,385$25,232,586$44,555,100
87$84,427,359$34,226,368$26,000,493$47,662,867
88$92,959,127$35,823,638$26,791,687$51,029,969
89$102,358,622$37,496,660$27,606,872$54,680,423
90$112,714,271$39,249,066$28,446,773$58,640,594
91$124,123,522$41,084,665$29,312,134$62,939,421
92$136,693,756$43,007,448$30,203,726$67,608,679
93$150,543,307$45,021,602$31,122,339$72,683,262
94$165,802,577$47,131,513$32,068,790$78,201,494
95$182,615,264$49,341,781$33,043,918$84,205,476
96$201,139,720$51,657,228$34,048,589$90,741,461
97$221,550,449$54,082,909$35,083,694$97,860,276
98$244,039,748$56,624,125$36,150,151$105,617,777
99$268,819,527$59,286,432$37,248,906$114,075,359
100$296,123,307$62,075,655$38,380,932$123,300,512