Can I retire at age 70 with 15,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,177,993
2 years$621,387$609,814$598,598$587,724$577,176$543,104
3 years$410,143$398,520$387,333$376,560$366,184$333,184
4 years$304,542$292,955$281,879$271,291$261,166$229,491
5 years$241,198$229,680$218,750$208,377$198,534$168,271
6 years$198,982$187,551$176,782$166,641$157,093$128,271
7 years$168,840$157,505$146,907$137,005$127,759$100,377
8 years$146,243$135,011$124,589$114,930$105,988$80,032
9 years$128,678$117,551$107,308$97,895$89,257$64,702
10 years$114,633$103,616$93,554$84,386$76,052$52,864
11 years$103,150$92,243$82,363$73,441$65,407$43,550
12 years$93,587$82,792$73,095$64,418$56,680$36,112
13 years$85,502$74,820$65,306$56,871$49,426$30,102
14 years$78,578$68,009$58,678$50,484$43,327$25,199
15 years$72,583$62,128$52,978$45,023$38,148$21,169
16 years$67,342$57,001$48,032$40,313$33,716$17,834
17 years$62,722$52,496$43,707$36,221$29,895$15,061
18 years$58,621$48,509$39,899$32,642$26,581$12,744
19 years$54,955$44,957$36,526$29,495$23,692$10,802
20 years$51,660$41,776$33,522$26,714$21,162$9,168
21 years$48,683$38,913$30,833$24,244$18,938$7,791
22 years$45,980$36,324$28,418$22,044$16,975$6,627
23 years$43,515$33,973$26,239$20,076$15,238$5,642
24 years$41,260$31,831$24,266$18,310$13,696$4,807
25 years$39,188$29,871$22,476$16,722$12,324$4,097
26 years$37,279$28,074$20,845$15,290$11,101$3,495
27 years$35,514$26,421$19,356$13,995$10,009$2,982
28 years$33,877$24,897$17,994$12,822$9,031$2,545
29 years$32,357$23,487$16,745$11,758$8,155$2,173
30 years$30,941$22,181$15,598$10,791$7,368$1,856
31 years$29,618$20,968$14,541$9,911$6,662$1,586
32 years$28,381$19,840$13,567$9,108$6,026$1,355
33 years$27,221$18,789$12,668$8,376$5,454$1,158
34 years$26,132$17,808$11,836$7,707$4,938$990
35 years$25,107$16,890$11,066$7,094$4,472$846
36 years$24,141$16,032$10,352$6,534$4,052$723
37 years$23,230$15,226$9,689$6,020$3,672$618
38 years$22,368$14,470$9,073$5,549$3,329$529
39 years$21,553$13,760$8,501$5,116$3,019$452
40 years$20,781$13,091$7,968$4,719$2,739$387
41 years$20,048$12,462$7,471$4,354$2,485$331
42 years$19,352$11,868$7,008$4,018$2,254$283
43 years$18,690$11,308$6,576$3,709$2,046$242
44 years$18,060$10,779$6,173$3,425$1,857$207
45 years$17,459$10,279$5,796$3,163$1,686$177
46 years$16,887$9,805$5,444$2,922$1,531$151
47 years$16,340$9,357$5,115$2,699$1,390$129
48 years$15,818$8,933$4,806$2,494$1,262$111
49 years$15,318$8,530$4,518$2,305$1,147$95
50 years$14,841$8,149$4,247$2,131$1,041$81

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,200,000, adding $3,645 every year, while hoping to spend $47,826 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: 50/27/23 Blend
69$15,200,000$15,200,000$15,200,000$15,200,000
70$16,754,160$15,948,560$15,712,960$17,483,431
71$18,412,198$16,679,153$16,188,457$18,720,895
72$20,237,752$17,443,942$16,678,281$20,059,936
73$22,247,860$18,244,552$17,182,861$21,514,322
74$24,461,294$19,082,687$17,702,638$23,094,985
75$26,898,738$19,960,131$18,238,069$24,813,937
76$29,582,987$20,878,755$18,789,622$26,684,378
77$32,539,158$21,840,520$19,357,781$28,720,817
78$35,794,927$22,847,481$19,943,042$30,939,206
79$39,380,793$23,901,791$20,545,917$33,357,080
80$43,330,364$25,005,708$21,166,935$35,993,723
81$47,680,671$26,161,598$21,806,637$38,870,338
82$52,472,524$27,371,941$22,465,584$42,010,246
83$57,750,892$28,639,336$23,144,351$45,439,099
84$63,565,327$29,966,508$23,843,531$49,185,114
85$69,970,436$31,356,312$24,563,735$53,279,332
86$77,026,391$32,811,742$25,305,591$57,755,906
87$84,799,501$34,335,936$26,069,747$62,652,414
88$93,362,836$35,932,183$26,856,869$68,010,209
89$102,796,915$37,603,930$27,667,644$73,874,796
90$113,190,469$39,354,791$28,502,779$80,296,258
91$124,641,276$41,188,555$29,363,001$87,329,716
92$137,257,085$43,109,192$30,249,060$95,035,844
93$151,156,631$45,120,867$31,161,728$103,481,428
94$166,470,761$47,227,942$32,101,798$112,739,987
95$183,343,660$49,434,993$33,070,090$122,892,461
96$201,934,220$51,746,815$34,067,446$134,027,956
97$222,417,538$54,168,436$35,094,732$146,244,581
98$244,986,563$56,705,126$36,152,842$159,650,357
99$269,853,926$59,362,410$37,242,696$174,364,227
100$297,253,940$62,146,082$38,365,240$190,517,163