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%15.3%
1 years$1,246,944$1,235,837$1,225,000$1,214,423$1,204,095$1,177,858
2 years$617,299$605,802$594,660$583,857$573,379$547,078
3 years$407,445$395,899$384,785$374,083$363,775$338,231
4 years$302,538$291,027$280,025$269,506$259,447$234,857
5 years$239,611$228,169$217,311$207,006$197,228$173,660
6 years$197,673$186,317$175,619$165,545$156,060$133,540
7 years$167,729$156,469$145,940$136,103$126,918$105,450
8 years$145,281$134,123$123,769$114,174$105,291$84,868
9 years$127,831$116,778$106,602$97,251$88,670$69,277
10 years$113,879$102,934$92,938$83,831$75,551$57,168
11 years$102,471$91,636$81,821$72,958$64,977$47,579
12 years$92,972$82,248$72,614$63,994$56,307$39,869
13 years$84,940$74,328$64,876$56,497$49,101$33,592
14 years$78,061$67,562$58,292$50,152$43,042$28,431
15 years$72,105$61,719$52,629$44,727$37,897$24,153
16 years$66,899$56,626$47,716$40,048$33,494$20,582
17 years$62,310$52,150$43,420$35,983$29,698$17,584
18 years$58,235$48,189$39,637$32,428$26,406$15,056
19 years$54,593$44,661$36,286$29,301$23,536$12,915
20 years$51,320$41,502$33,301$26,538$21,023$11,095
21 years$48,362$38,657$30,631$24,085$18,813$9,545
22 years$45,677$36,085$28,231$21,899$16,863$8,221
23 years$43,229$33,750$26,066$19,943$15,138$7,087
24 years$40,988$31,621$24,107$18,190$13,606$6,115
25 years$38,930$29,675$22,328$16,612$12,243$5,279
26 years$37,033$27,890$20,708$15,189$11,028$4,561
27 years$35,280$26,247$19,229$13,903$9,943$3,943
28 years$33,655$24,733$17,876$12,738$8,972$3,410
29 years$32,144$23,333$16,635$11,681$8,101$2,950
30 years$30,737$22,035$15,495$10,720$7,320$2,553
31 years$29,423$20,830$14,445$9,846$6,618$2,210
32 years$28,194$19,710$13,478$9,048$5,986$1,914
33 years$27,042$18,666$12,584$8,321$5,418$1,657
34 years$25,960$17,691$11,758$7,656$4,905$1,436
35 years$24,942$16,779$10,993$7,048$4,443$1,244
36 years$23,982$15,926$10,284$6,491$4,025$1,078
37 years$23,077$15,126$9,625$5,980$3,648$934
38 years$22,221$14,375$9,014$5,512$3,308$810
39 years$21,411$13,669$8,445$5,083$2,999$702
40 years$20,644$13,005$7,915$4,688$2,721$608
41 years$19,916$12,380$7,422$4,325$2,468$527
42 years$19,225$11,790$6,962$3,992$2,240$457
43 years$18,567$11,234$6,533$3,685$2,033$396
44 years$17,941$10,708$6,132$3,402$1,845$344
45 years$17,345$10,211$5,758$3,142$1,675$298
46 years$16,776$9,741$5,408$2,902$1,521$258
47 years$16,233$9,296$5,081$2,681$1,381$224
48 years$15,714$8,874$4,775$2,478$1,254$194
49 years$15,218$8,474$4,488$2,290$1,139$168
50 years$14,743$8,095$4,219$2,117$1,035$146

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 $2,219 every year, while hoping to spend $51,405 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: 48/28/24 Blend
69$15,100,000$15,100,000$15,100,000$15,100,000
70$16,642,489$15,842,189$15,608,139$17,327,660
71$18,285,328$16,563,762$16,076,317$18,528,753
72$20,094,014$17,318,969$16,558,456$19,827,007
73$22,085,409$18,109,403$17,054,970$21,235,822
74$24,278,093$18,936,737$17,566,284$22,765,625
75$26,692,540$19,802,718$18,092,836$24,427,866
76$29,351,310$20,709,182$18,635,077$26,235,131
77$32,279,263$21,658,051$19,193,471$28,201,250
78$35,503,792$22,651,340$19,768,496$30,341,421
79$39,055,082$23,691,159$20,360,644$32,672,355
80$42,966,396$24,779,721$20,970,421$35,212,421
81$47,274,386$25,919,345$21,598,348$37,981,818
82$52,019,441$27,112,461$22,244,961$41,002,756
83$57,246,069$28,361,616$22,910,812$44,299,664
84$63,003,313$29,669,481$23,596,469$47,899,410
85$69,345,218$31,038,852$24,302,518$51,831,546
86$76,331,338$32,472,663$25,029,559$56,128,586
87$84,027,298$33,973,987$25,778,213$60,826,300
88$92,505,416$35,546,047$26,549,117$65,964,046
89$101,845,384$37,192,218$27,342,928$71,585,132
90$112,135,017$38,916,041$28,160,320$77,737,216
91$123,471,087$40,721,225$29,001,989$84,472,750
92$135,960,232$42,611,660$29,868,650$91,849,460
93$149,719,966$44,591,421$30,761,040$99,930,886
94$164,879,784$46,664,782$31,679,916$108,786,971
95$181,582,388$48,836,222$32,626,059$118,494,705
96$199,985,030$51,110,436$33,600,271$129,138,849
97$220,261,001$53,492,345$34,603,378$140,812,716
98$242,601,262$55,987,109$35,636,230$153,619,044
99$267,216,249$58,600,136$36,699,702$167,670,951
100$294,337,859$61,337,095$37,794,695$183,092,990