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%17.5%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,175,153
2 years$621,387$609,814$598,598$587,724$577,176$540,300
3 years$410,143$398,520$387,333$376,560$366,184$330,505
4 years$304,542$292,955$281,879$271,291$261,166$226,957
5 years$241,198$229,680$218,750$208,377$198,534$165,889
6 years$198,982$187,551$176,782$166,641$157,093$126,040
7 years$168,840$157,505$146,907$137,005$127,759$98,295
8 years$146,243$135,011$124,589$114,930$105,988$78,096
9 years$128,678$117,551$107,308$97,895$89,257$62,907
10 years$114,633$103,616$93,554$84,386$76,052$51,205
11 years$103,150$92,243$82,363$73,441$65,407$42,020
12 years$93,587$82,792$73,095$64,418$56,680$34,706
13 years$85,502$74,820$65,306$56,871$49,426$28,813
14 years$78,578$68,009$58,678$50,484$43,327$24,020
15 years$72,583$62,128$52,978$45,023$38,148$20,093
16 years$67,342$57,001$48,032$40,313$33,716$16,855
17 years$62,722$52,496$43,707$36,221$29,895$14,172
18 years$58,621$48,509$39,899$32,642$26,581$11,939
19 years$54,955$44,957$36,526$29,495$23,692$10,074
20 years$51,660$41,776$33,522$26,714$21,162$8,511
21 years$48,683$38,913$30,833$24,244$18,938$7,199
22 years$45,980$36,324$28,418$22,044$16,975$6,095
23 years$43,515$33,973$26,239$20,076$15,238$5,165
24 years$41,260$31,831$24,266$18,310$13,696$4,379
25 years$39,188$29,871$22,476$16,722$12,324$3,715
26 years$37,279$28,074$20,845$15,290$11,101$3,153
27 years$35,514$26,421$19,356$13,995$10,009$2,677
28 years$33,877$24,897$17,994$12,822$9,031$2,274
29 years$32,357$23,487$16,745$11,758$8,155$1,932
30 years$30,941$22,181$15,598$10,791$7,368$1,642
31 years$29,618$20,968$14,541$9,911$6,662$1,396
32 years$28,381$19,840$13,567$9,108$6,026$1,187
33 years$27,221$18,789$12,668$8,376$5,454$1,009
34 years$26,132$17,808$11,836$7,707$4,938$858
35 years$25,107$16,890$11,066$7,094$4,472$730
36 years$24,141$16,032$10,352$6,534$4,052$621
37 years$23,230$15,226$9,689$6,020$3,672$528
38 years$22,368$14,470$9,073$5,549$3,329$449
39 years$21,553$13,760$8,501$5,116$3,019$382
40 years$20,781$13,091$7,968$4,719$2,739$325
41 years$20,048$12,462$7,471$4,354$2,485$277
42 years$19,352$11,868$7,008$4,018$2,254$236
43 years$18,690$11,308$6,576$3,709$2,046$200
44 years$18,060$10,779$6,173$3,425$1,857$171
45 years$17,459$10,279$5,796$3,163$1,686$145
46 years$16,887$9,805$5,444$2,922$1,531$123
47 years$16,340$9,357$5,115$2,699$1,390$105
48 years$15,818$8,933$4,806$2,494$1,262$89
49 years$15,318$8,530$4,518$2,305$1,147$76
50 years$14,841$8,149$4,247$2,131$1,041$65

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 $3,611 every year, while hoping to spend $53,236 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: 67/12/21 Blend
69$15,200,000$15,200,000$15,200,000$15,200,000
70$16,754,125$15,948,525$15,712,925$17,787,793
71$18,406,403$16,673,360$16,182,665$19,205,833
72$20,225,429$17,431,927$16,666,357$20,749,505
73$22,228,155$18,225,825$17,164,413$22,436,378
74$24,433,261$19,056,724$17,677,255$24,280,549
75$26,861,330$19,926,380$18,205,319$26,297,529
76$29,535,042$20,836,628$18,749,053$28,504,393
77$32,479,388$21,789,396$19,308,919$30,919,936
78$35,721,909$22,786,699$19,885,391$33,564,849
79$39,292,951$23,830,654$20,478,958$36,461,909
80$43,225,951$24,923,476$21,090,123$39,636,195
81$47,557,760$26,067,487$21,719,403$43,115,318
82$52,328,979$27,265,122$22,367,332$46,929,680
83$57,584,353$28,518,932$23,034,455$51,112,755
84$63,373,187$29,831,589$23,721,339$55,701,408
85$69,749,812$31,205,896$24,428,564$60,736,232
86$76,774,097$32,644,790$25,156,726$66,261,932
87$84,512,019$34,151,349$25,906,440$72,327,740
88$93,036,278$35,728,798$26,678,339$78,987,878
89$102,426,989$37,380,519$27,473,073$86,302,065
90$112,772,434$39,110,057$28,291,313$94,336,075
91$124,169,898$40,921,125$29,133,748$103,162,355
92$136,726,586$42,817,619$30,001,087$112,860,703
93$150,560,633$44,803,618$30,894,059$123,519,015
94$165,802,223$46,883,401$31,813,416$135,234,113
95$182,594,815$49,061,452$32,759,930$148,112,651
96$201,096,495$51,342,472$33,734,396$162,272,114
97$221,481,471$53,731,387$34,737,633$177,841,927
98$243,941,720$56,233,363$35,770,481$194,964,665
99$268,688,791$58,853,814$36,833,808$213,797,394
100$295,955,812$61,598,415$37,928,505$234,513,149