Can I retire at age 70 with 15,300,000?

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 $15,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,198,353
2 years$625,475$613,826$602,537$591,591$580,973$559,194
3 years$412,841$401,142$389,881$379,038$368,593$347,404
4 years$306,545$294,882$283,734$273,075$262,884$242,448
5 years$242,784$231,191$220,189$209,748$199,840$180,216
6 years$200,291$188,785$177,945$167,737$158,127$139,337
7 years$169,950$158,541$147,873$137,906$128,599$110,648
8 years$147,205$135,899$125,408$115,686$106,686$89,570
9 years$129,524$118,325$108,014$98,539$89,845$73,554
10 years$115,387$104,297$94,169$84,941$76,552$61,072
11 years$103,829$92,850$82,905$73,924$65,837$51,151
12 years$94,203$83,337$73,576$64,842$57,053$43,140
13 years$86,065$75,312$65,735$57,245$49,752$36,590
14 years$79,095$68,457$59,064$50,816$43,612$31,180
15 years$73,060$62,537$53,326$45,319$38,399$26,672
16 years$67,785$57,376$48,348$40,578$33,937$22,889
17 years$63,135$52,841$43,995$36,459$30,091$19,696
18 years$59,006$48,828$40,162$32,857$26,756$16,988
19 years$55,316$45,253$36,766$29,689$23,848$14,680
20 years$52,000$42,051$33,742$26,889$21,302$12,708
21 years$49,003$39,169$31,036$24,404$19,062$11,016
22 years$46,282$36,563$28,605$22,189$17,087$9,561
23 years$43,802$34,197$26,411$20,208$15,338$8,306
24 years$41,531$32,040$24,426$18,431$13,786$7,223
25 years$39,446$30,068$22,623$16,832$12,405$6,287
26 years$37,524$28,259$20,982$15,390$11,174$5,475
27 years$35,747$26,595$19,484$14,087$10,075$4,771
28 years$34,100$25,060$18,113$12,907$9,091$4,160
29 years$32,570$23,642$16,855$11,836$8,209$3,628
30 years$31,144$22,327$15,700$10,862$7,417$3,166
31 years$29,813$21,106$14,637$9,976$6,706$2,763
32 years$28,568$19,971$13,656$9,168$6,066$2,413
33 years$27,400$18,913$12,751$8,431$5,489$2,107
34 years$26,304$17,925$11,914$7,757$4,970$1,841
35 years$25,272$17,002$11,139$7,141$4,502$1,608
36 years$24,300$16,137$10,420$6,577$4,079$1,405
37 years$23,383$15,326$9,753$6,060$3,697$1,228
38 years$22,516$14,566$9,133$5,585$3,351$1,074
39 years$21,695$13,850$8,557$5,150$3,039$939
40 years$20,918$13,178$8,020$4,750$2,757$821
41 years$20,180$12,544$7,520$4,382$2,501$718
42 years$19,479$11,946$7,054$4,044$2,269$627
43 years$18,813$11,382$6,620$3,734$2,059$549
44 years$18,179$10,850$6,214$3,447$1,869$480
45 years$17,574$10,346$5,834$3,184$1,697$420
46 years$16,998$9,870$5,480$2,941$1,541$367
47 years$16,448$9,419$5,148$2,717$1,399$321
48 years$15,922$8,992$4,838$2,511$1,271$281
49 years$15,419$8,587$4,547$2,320$1,154$246
50 years$14,938$8,202$4,275$2,145$1,048$215

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,300,000, adding $3,677 every year, while hoping to spend $57,686 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: 67/28/5 Blend
69$15,300,000$15,300,000$15,300,000$15,300,000
70$16,864,393$16,053,493$15,816,343$17,983,880
71$18,523,183$16,778,737$16,284,813$19,451,315
72$20,349,237$17,537,584$16,767,043$21,047,533
73$22,359,554$18,331,620$17,263,434$22,790,873
74$24,572,867$19,162,507$17,774,397$24,695,675
75$27,009,815$20,031,986$18,300,355$26,777,711
76$29,693,143$20,941,880$18,841,744$29,054,333
77$32,647,913$21,894,102$19,399,012$31,544,630
78$35,901,741$22,890,654$19,972,619$34,269,605
79$39,485,057$23,933,634$20,563,040$37,252,366
80$43,431,393$25,025,243$21,170,763$40,518,342
81$47,777,700$26,167,784$21,796,288$44,095,520
82$52,564,694$27,363,674$22,440,132$48,014,697
83$57,837,241$28,615,443$23,102,825$52,309,772
84$63,644,783$29,925,743$23,784,914$57,018,056
85$70,041,802$31,297,355$24,486,958$62,180,620
86$77,088,331$32,733,191$25,209,537$67,842,678
87$84,850,528$34,236,304$25,953,244$74,054,001
88$93,401,293$35,809,894$26,718,689$80,869,388
89$102,820,960$37,457,315$27,506,500$88,349,171
90$113,198,055$39,182,080$28,317,325$96,559,775
91$124,630,129$40,987,874$29,151,827$105,574,345
92$137,224,678$42,878,556$30,010,690$115,473,419
93$151,100,164$44,858,174$30,894,616$126,345,685
94$166,387,124$46,930,968$31,804,329$138,288,810
95$183,229,408$49,101,383$32,740,572$151,410,347
96$201,785,536$51,374,078$33,704,109$165,828,746
97$222,230,190$53,753,938$34,695,726$181,674,458
98$244,755,869$56,246,080$35,716,232$199,091,157
99$269,574,700$58,855,871$36,766,459$218,237,085
100$296,920,444$61,588,933$37,847,260$239,286,533