Can I retire at age 70 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,210,047
2 years$633,651$621,850$610,413$599,324$588,568$562,551
3 years$418,238$406,386$394,978$383,993$373,411$348,135
4 years$310,552$298,737$287,443$276,645$266,320$241,978
5 years$245,958$234,213$223,067$212,490$202,452$179,114
6 years$202,909$191,253$180,271$169,930$160,194$137,884
7 years$172,172$160,614$149,806$139,709$130,280$109,003
8 years$149,130$137,676$127,048$117,198$108,080$87,829
9 years$131,217$119,871$109,426$99,827$91,019$71,780
10 years$116,896$105,661$95,400$86,052$77,553$59,307
11 years$105,186$94,064$83,989$74,891$66,698$49,422
12 years$95,434$84,426$74,538$65,689$57,799$41,467
13 years$87,190$76,297$66,595$57,994$50,402$34,985
14 years$80,129$69,352$59,836$51,480$44,182$29,651
15 years$74,015$63,354$54,024$45,911$38,901$25,224
16 years$68,671$58,126$48,980$41,109$34,381$21,525
17 years$63,960$53,532$44,570$36,936$30,485$18,416
18 years$59,778$49,466$40,687$33,287$27,106$15,792
19 years$56,040$45,845$37,247$30,077$24,160$13,566
20 years$52,680$42,601$34,183$27,241$21,580$11,673
21 years$49,644$39,681$31,442$24,723$19,312$10,057
22 years$46,887$37,041$28,979$22,479$17,310$8,675
23 years$44,374$34,644$26,757$20,472$15,539$7,490
24 years$42,074$32,459$24,745$18,671$13,966$6,473
25 years$39,961$30,461$22,919$17,052$12,568$5,598
26 years$38,014$28,628$21,256$15,591$11,320$4,844
27 years$36,214$26,943$19,738$14,271$10,206$4,194
28 years$34,546$25,388$18,349$13,075$9,209$3,633
29 years$32,996$23,951$17,076$11,990$8,316$3,148
30 years$31,551$22,619$15,905$11,004$7,514$2,729
31 years$30,203$21,382$14,828$10,106$6,793$2,366
32 years$28,941$20,232$13,835$9,288$6,145$2,052
33 years$27,758$19,160$12,918$8,541$5,561$1,780
34 years$26,647$18,159$12,070$7,859$5,035$1,545
35 years$25,602$17,224$11,284$7,234$4,560$1,341
36 years$24,618$16,348$10,556$6,663$4,132$1,164
37 years$23,688$15,527$9,880$6,139$3,745$1,010
38 years$22,810$14,756$9,252$5,658$3,395$877
39 years$21,979$14,031$8,669$5,217$3,079$761
40 years$21,191$13,350$8,125$4,812$2,793$661
41 years$20,444$12,708$7,619$4,440$2,534$574
42 years$19,734$12,102$7,147$4,097$2,299$499
43 years$19,059$11,531$6,706$3,782$2,086$433
44 years$18,416$10,992$6,295$3,492$1,894$376
45 years$17,804$10,482$5,911$3,225$1,719$327
46 years$17,220$9,999$5,551$2,979$1,561$284
47 years$16,663$9,542$5,216$2,752$1,417$247
48 years$16,130$9,109$4,901$2,543$1,287$214
49 years$15,621$8,699$4,607$2,351$1,169$186
50 years$15,133$8,309$4,331$2,173$1,062$162

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,500,000, adding $2,162 every year, while hoping to spend $29,103 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: 53/17/30 Blend
69$15,500,000$15,500,000$15,500,000$15,500,000
70$17,083,230$16,261,730$16,021,480$17,844,884
71$18,794,754$17,027,590$16,527,234$19,140,306
72$20,679,878$17,830,001$17,048,956$20,546,256
73$22,756,279$18,670,724$17,587,149$22,075,865
74$25,043,435$19,551,604$18,142,334$23,740,999
75$27,562,810$20,474,578$18,715,047$25,554,706
76$30,338,057$21,441,673$19,305,841$27,531,335
77$33,395,240$22,455,016$19,915,288$29,686,664
78$36,763,081$23,516,838$20,543,977$32,038,050
79$40,473,230$24,629,478$21,192,515$34,604,584
80$44,560,564$25,795,387$21,861,529$37,407,267
81$49,063,517$27,017,136$22,551,665$40,469,206
82$54,024,441$28,297,421$23,263,591$43,815,825
83$59,490,007$29,639,068$23,997,994$47,475,101
84$65,511,645$31,045,040$24,755,585$51,477,820
85$72,146,031$32,518,445$25,537,095$55,857,864
86$79,455,619$34,062,541$26,343,280$60,652,527
87$87,509,231$35,680,745$27,174,919$65,902,857
88$96,382,709$37,376,638$28,032,816$71,654,036
89$106,159,630$39,153,978$28,917,800$77,955,806
90$116,932,092$41,016,702$29,830,726$84,862,926
91$128,801,587$42,968,942$30,772,476$92,435,684
92$141,879,957$45,015,028$31,743,962$100,740,455
93$156,290,449$47,159,501$32,746,122$109,850,327
94$172,168,882$49,407,124$33,779,924$119,845,773
95$189,664,925$51,762,889$34,846,368$130,815,410
96$208,943,510$54,232,034$35,946,484$142,856,823
97$230,186,393$56,820,049$37,081,337$156,077,477
98$253,593,866$59,532,692$38,252,022$170,595,720
99$279,386,647$62,376,001$39,459,672$186,541,894
100$307,807,968$65,356,308$40,705,454$204,059,552