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

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,202,416
2 years$621,387$609,814$598,598$587,724$577,176$567,445
3 years$410,143$398,520$387,333$376,560$366,184$356,677
4 years$304,542$292,955$281,879$271,291$261,166$251,956
5 years$241,198$229,680$218,750$208,377$198,534$189,648
6 years$198,982$187,551$176,782$166,641$157,093$148,543
7 years$168,840$157,505$146,907$137,005$127,759$119,548
8 years$146,243$135,011$124,589$114,930$105,988$98,117
9 years$128,678$117,551$107,308$97,895$89,257$81,723
10 years$114,633$103,616$93,554$84,386$76,052$68,851
11 years$103,150$92,243$82,363$73,441$65,407$58,534
12 years$93,587$82,792$73,095$64,418$56,680$50,128
13 years$85,502$74,820$65,306$56,871$49,426$43,188
14 years$78,578$68,009$58,678$50,484$43,327$37,395
15 years$72,583$62,128$52,978$45,023$38,148$32,515
16 years$67,342$57,001$48,032$40,313$33,716$28,371
17 years$62,722$52,496$43,707$36,221$29,895$24,831
18 years$58,621$48,509$39,899$32,642$26,581$21,788
19 years$54,955$44,957$36,526$29,495$23,692$19,161
20 years$51,660$41,776$33,522$26,714$21,162$16,883
21 years$48,683$38,913$30,833$24,244$18,938$14,900
22 years$45,980$36,324$28,418$22,044$16,975$13,170
23 years$43,515$33,973$26,239$20,076$15,238$11,655
24 years$41,260$31,831$24,266$18,310$13,696$10,326
25 years$39,188$29,871$22,476$16,722$12,324$9,158
26 years$37,279$28,074$20,845$15,290$11,101$8,129
27 years$35,514$26,421$19,356$13,995$10,009$7,221
28 years$33,877$24,897$17,994$12,822$9,031$6,418
29 years$32,357$23,487$16,745$11,758$8,155$5,708
30 years$30,941$22,181$15,598$10,791$7,368$5,080
31 years$29,618$20,968$14,541$9,911$6,662$4,523
32 years$28,381$19,840$13,567$9,108$6,026$4,028
33 years$27,221$18,789$12,668$8,376$5,454$3,589
34 years$26,132$17,808$11,836$7,707$4,938$3,199
35 years$25,107$16,890$11,066$7,094$4,472$2,852
36 years$24,141$16,032$10,352$6,534$4,052$2,543
37 years$23,230$15,226$9,689$6,020$3,672$2,268
38 years$22,368$14,470$9,073$5,549$3,329$2,024
39 years$21,553$13,760$8,501$5,116$3,019$1,806
40 years$20,781$13,091$7,968$4,719$2,739$1,612
41 years$20,048$12,462$7,471$4,354$2,485$1,439
42 years$19,352$11,868$7,008$4,018$2,254$1,284
43 years$18,690$11,308$6,576$3,709$2,046$1,146
44 years$18,060$10,779$6,173$3,425$1,857$1,024
45 years$17,459$10,279$5,796$3,163$1,686$914
46 years$16,887$9,805$5,444$2,922$1,531$816
47 years$16,340$9,357$5,115$2,699$1,390$729
48 years$15,818$8,933$4,806$2,494$1,262$651
49 years$15,318$8,530$4,518$2,305$1,147$582
50 years$14,841$8,149$4,247$2,131$1,041$520

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 $6,524 every year, while hoping to spend $57,800 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: 59/27/14 Blend
69$15,200,000$15,200,000$15,200,000$15,200,000
70$16,757,130$15,951,530$15,715,930$17,686,514
71$18,404,858$16,671,656$16,180,914$19,034,403
72$20,218,718$17,425,131$16,659,539$20,496,549
73$22,215,593$18,213,528$17,152,199$22,089,614
74$24,414,088$19,038,496$17,659,303$23,826,220
75$26,834,703$19,901,760$18,181,268$25,720,248
76$29,500,028$20,805,132$18,718,526$27,786,958
77$32,434,954$21,750,507$19,271,520$30,043,136
78$35,666,910$22,739,872$19,840,706$32,507,244
79$39,226,117$23,775,308$20,426,552$35,199,591
80$43,145,881$24,858,999$21,029,542$38,142,517
81$47,462,901$25,993,229$21,650,171$41,360,604
82$52,217,614$27,180,395$22,288,949$44,880,895
83$57,454,584$28,423,007$22,946,402$48,733,153
84$63,222,913$29,723,696$23,623,068$52,950,126
85$69,576,714$31,085,220$24,319,504$57,567,858
86$76,575,611$32,510,469$25,036,280$62,626,018
87$84,285,311$34,002,469$25,773,983$68,168,269
88$92,778,218$35,564,396$26,533,217$74,242,675
89$102,134,120$37,199,575$27,314,604$80,902,142
90$112,440,939$38,911,493$28,118,781$88,204,917
91$123,795,561$40,703,802$28,946,407$96,215,122
92$136,304,752$42,580,332$29,798,155$105,003,359
93$150,086,165$44,545,097$30,674,722$114,647,359
94$165,269,450$46,602,302$31,576,821$125,232,713
95$181,997,476$48,756,358$32,505,187$136,853,668
96$200,427,683$51,011,884$33,460,575$149,614,006
97$220,733,564$53,373,724$34,443,762$163,628,014
98$243,106,307$55,846,955$35,455,547$179,021,551
99$267,756,594$58,436,900$36,496,752$195,933,226
100$294,916,594$61,149,135$37,568,220$214,515,693