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%12.7%
1 years$1,263,460$1,252,205$1,241,225$1,230,508$1,220,043$1,206,299
2 years$625,475$613,826$602,537$591,591$580,973$567,136
3 years$412,841$401,142$389,881$379,038$368,593$355,094
4 years$306,545$294,882$283,734$273,075$262,884$249,826
5 years$242,784$231,191$220,189$209,748$199,840$187,261
6 years$200,291$188,785$177,945$167,737$158,127$146,043
7 years$169,950$158,541$147,873$137,906$128,599$117,015
8 years$147,205$135,899$125,408$115,686$106,686$95,600
9 years$129,524$118,325$108,014$98,539$89,845$79,254
10 years$115,387$104,297$94,169$84,941$76,552$66,449
11 years$103,829$92,850$82,905$73,924$65,837$56,214
12 years$94,203$83,337$73,576$64,842$57,053$47,898
13 years$86,065$75,312$65,735$57,245$49,752$41,054
14 years$79,095$68,457$59,064$50,816$43,612$35,360
15 years$73,060$62,537$53,326$45,319$38,399$30,580
16 years$67,785$57,376$48,348$40,578$33,937$26,537
17 years$63,135$52,841$43,995$36,459$30,091$23,096
18 years$59,006$48,828$40,162$32,857$26,756$20,151
19 years$55,316$45,253$36,766$29,689$23,848$17,619
20 years$52,000$42,051$33,742$26,889$21,302$15,434
21 years$49,003$39,169$31,036$24,404$19,062$13,541
22 years$46,282$36,563$28,605$22,189$17,087$11,896
23 years$43,802$34,197$26,411$20,208$15,338$10,464
24 years$41,531$32,040$24,426$18,431$13,786$9,214
25 years$39,446$30,068$22,623$16,832$12,405$8,121
26 years$37,524$28,259$20,982$15,390$11,174$7,163
27 years$35,747$26,595$19,484$14,087$10,075$6,322
28 years$34,100$25,060$18,113$12,907$9,091$5,584
29 years$32,570$23,642$16,855$11,836$8,209$4,934
30 years$31,144$22,327$15,700$10,862$7,417$4,362
31 years$29,813$21,106$14,637$9,976$6,706$3,859
32 years$28,568$19,971$13,656$9,168$6,066$3,414
33 years$27,400$18,913$12,751$8,431$5,489$3,022
34 years$26,304$17,925$11,914$7,757$4,970$2,675
35 years$25,272$17,002$11,139$7,141$4,502$2,369
36 years$24,300$16,137$10,420$6,577$4,079$2,098
37 years$23,383$15,326$9,753$6,060$3,697$1,859
38 years$22,516$14,566$9,133$5,585$3,351$1,647
39 years$21,695$13,850$8,557$5,150$3,039$1,460
40 years$20,918$13,178$8,020$4,750$2,757$1,294
41 years$20,180$12,544$7,520$4,382$2,501$1,147
42 years$19,479$11,946$7,054$4,044$2,269$1,017
43 years$18,813$11,382$6,620$3,734$2,059$902
44 years$18,179$10,850$6,214$3,447$1,869$800
45 years$17,574$10,346$5,834$3,184$1,697$709
46 years$16,998$9,870$5,480$2,941$1,541$629
47 years$16,448$9,419$5,148$2,717$1,399$558
48 years$15,922$8,992$4,838$2,511$1,271$495
49 years$15,419$8,587$4,547$2,320$1,154$439
50 years$14,938$8,202$4,275$2,145$1,048$389

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 $5,885 every year, while hoping to spend $45,691 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: 59/31/10 Blend
69$15,300,000$15,300,000$15,300,000$15,300,000
70$16,866,670$16,055,770$15,818,620$17,821,924
71$18,538,456$16,793,888$16,299,929$19,202,962
72$20,379,232$17,566,643$16,795,831$20,702,462
73$22,406,188$18,375,682$17,306,765$22,336,369
74$24,638,264$19,222,735$17,833,187$24,117,608
75$27,096,331$20,109,614$18,375,562$26,060,385
76$29,803,387$21,038,215$18,934,374$28,180,320
77$32,784,775$22,010,530$19,510,118$30,494,590
78$36,068,420$23,028,643$20,103,305$33,022,081
79$39,685,093$24,094,742$20,714,460$35,783,567
80$43,668,705$25,211,117$21,344,127$38,801,897
81$48,056,621$26,380,169$21,992,863$42,102,202
82$52,890,016$27,604,417$22,661,244$45,712,134
83$58,214,264$28,886,500$23,349,861$49,662,111
84$64,079,363$30,229,182$24,059,326$53,985,606
85$70,540,410$31,635,364$24,790,265$58,719,449
86$77,658,120$33,108,085$25,543,327$63,904,171
87$85,499,398$34,650,531$26,319,178$69,584,377
88$94,137,970$36,266,041$27,118,505$75,809,161
89$103,655,083$37,958,117$27,942,015$82,632,557
90$114,140,265$39,730,429$28,790,436$90,114,046
91$125,692,175$41,586,823$29,664,519$98,319,102
92$138,419,533$43,531,332$30,565,036$107,319,803
93$152,442,144$45,568,186$31,492,783$117,195,502
94$167,892,031$47,701,816$32,448,580$128,033,565
95$184,914,681$49,936,868$33,433,270$139,930,182
96$203,670,419$52,278,215$34,447,725$152,991,268
97$224,335,916$54,730,962$35,492,838$167,333,444
98$247,105,865$57,300,464$36,569,533$183,085,132
99$272,194,810$59,992,333$37,678,760$200,387,748
100$299,839,178$62,812,455$38,821,496$219,397,028