Can I retire at age 70 with 15,400,000?

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 $15,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,271,718$1,260,390$1,249,338$1,238,551$1,228,018$1,201,750
2 years$629,563$617,838$606,475$595,457$584,770$558,434
3 years$415,540$403,764$392,429$381,515$371,002$345,419
4 years$308,549$296,809$285,588$274,860$264,602$239,969
5 years$244,371$232,702$221,628$211,119$201,146$177,534
6 years$201,600$190,019$179,108$168,834$159,160$136,593
7 years$171,061$159,577$148,840$138,807$129,440$107,922
8 years$148,168$136,787$126,228$116,442$107,383$86,908
9 years$130,371$119,098$108,720$99,183$90,432$70,984
10 years$116,142$104,979$94,785$85,497$77,052$58,613
11 years$104,507$93,457$83,447$74,408$66,268$48,813
12 years$94,819$83,882$74,057$65,265$57,426$40,929
13 years$86,627$75,805$66,165$57,620$50,077$34,509
14 years$79,612$68,904$59,450$51,148$43,897$29,227
15 years$73,538$62,945$53,675$45,615$38,650$24,846
16 years$68,228$57,751$48,664$40,844$34,159$21,187
17 years$63,548$53,187$44,283$36,698$30,288$18,115
18 years$59,392$49,147$40,424$33,072$26,931$15,521
19 years$55,678$45,549$37,006$29,883$24,004$13,324
20 years$52,340$42,326$33,963$27,065$21,441$11,456
21 years$49,323$39,425$31,239$24,563$19,187$9,863
22 years$46,585$36,802$28,792$22,334$17,198$8,501
23 years$44,088$34,420$26,584$20,340$15,438$7,334
24 years$41,803$32,249$24,586$18,551$13,876$6,333
25 years$39,704$30,264$22,771$16,942$12,487$5,472
26 years$37,769$28,444$21,119$15,491$11,247$4,732
27 years$35,981$26,769$19,611$14,179$10,141$4,093
28 years$34,323$25,224$18,231$12,991$9,150$3,543
29 years$32,783$23,796$16,966$11,913$8,262$3,067
30 years$31,348$22,473$15,803$10,933$7,465$2,657
31 years$30,008$21,244$14,732$10,041$6,749$2,302
32 years$28,754$20,101$13,746$9,228$6,105$1,995
33 years$27,579$19,036$12,834$8,486$5,525$1,729
34 years$26,475$18,042$11,992$7,808$5,003$1,499
35 years$25,437$17,113$11,211$7,188$4,531$1,300
36 years$24,459$16,242$10,488$6,620$4,105$1,127
37 years$23,535$15,427$9,817$6,099$3,721$978
38 years$22,663$14,661$9,193$5,622$3,373$848
39 years$21,837$13,941$8,613$5,183$3,059$736
40 years$21,054$13,264$8,073$4,781$2,775$638
41 years$20,312$12,626$7,570$4,411$2,517$554
42 years$19,606$12,024$7,101$4,071$2,284$481
43 years$18,936$11,457$6,663$3,758$2,073$417
44 years$18,297$10,921$6,254$3,470$1,882$362
45 years$17,689$10,414$5,873$3,204$1,708$314
46 years$17,109$9,934$5,516$2,960$1,551$273
47 years$16,555$9,481$5,182$2,735$1,408$237
48 years$16,026$9,050$4,869$2,527$1,279$205
49 years$15,520$8,643$4,577$2,335$1,162$178
50 years$15,036$8,256$4,303$2,159$1,055$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,400,000, adding $5,802 every year, while hoping to spend $46,969 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: 49/45/6 Blend
69$15,400,000$15,400,000$15,400,000$15,400,000
70$16,976,785$16,160,585$15,921,885$17,782,601
71$18,658,442$16,902,479$16,405,293$19,074,993
72$20,510,054$17,679,151$16,903,322$20,472,454
73$22,548,907$18,492,257$17,416,410$21,989,157
74$24,794,048$19,343,530$17,945,013$23,636,235
75$27,266,466$20,234,788$18,489,595$25,425,907
76$29,989,288$21,167,935$19,050,639$27,371,590
77$32,988,000$22,144,968$19,628,640$29,488,021
78$36,290,684$23,167,980$20,224,108$31,791,383
79$39,928,286$24,239,163$20,837,567$34,299,452
80$43,934,906$25,360,817$21,469,561$37,031,763
81$48,348,120$26,535,351$22,120,645$40,009,777
82$53,209,335$27,765,290$22,791,393$43,257,081
83$58,564,181$29,053,282$23,482,398$46,799,600
84$64,462,936$30,402,102$24,194,267$50,665,832
85$70,961,008$31,814,658$24,927,628$54,887,109
86$78,119,454$33,293,999$25,683,127$59,497,878
87$86,005,555$34,843,321$26,461,428$64,536,020
88$94,693,452$36,465,974$27,263,216$70,043,194
89$104,264,847$38,165,471$28,089,197$76,065,220
90$114,809,774$39,945,491$28,940,098$82,652,496
91$126,427,446$41,809,895$29,816,666$89,860,464
92$139,227,192$43,762,727$30,719,671$97,750,118
93$153,329,494$45,808,229$31,649,908$106,388,566
94$168,867,116$47,950,845$32,608,194$115,849,647
95$185,986,363$50,195,238$33,595,370$126,214,616
96$204,848,459$52,546,292$34,612,302$137,572,891
97$225,631,071$55,009,129$35,659,883$150,022,882
98$248,529,984$57,589,120$36,739,032$163,672,901
99$273,760,949$60,291,893$37,850,696$178,642,165
100$301,561,721$63,123,351$38,995,850$195,061,904