Can I retire at age 70 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,238,203
2 years$637,739$625,862$614,351$603,190$592,365$586,548
3 years$420,936$409,008$397,526$386,470$375,821$370,130
4 years$312,556$300,664$289,297$278,430$268,038$262,517
5 years$247,545$235,724$224,506$213,861$203,758$198,424
6 years$204,218$192,487$181,434$171,026$161,227$156,085
7 years$173,283$161,650$150,773$140,610$131,121$126,175
8 years$150,092$138,564$127,867$117,954$108,777$104,027
9 years$132,064$120,645$110,132$100,471$91,606$87,051
10 years$117,650$106,342$96,016$86,607$78,053$73,691
11 years$105,864$94,670$84,531$75,374$67,128$62,956
12 years$96,050$84,971$75,019$66,113$58,172$54,186
13 years$87,752$76,789$67,024$58,368$50,727$46,924
14 years$80,646$69,799$60,222$51,813$44,467$40,843
15 years$74,493$63,763$54,372$46,208$39,152$35,702
16 years$69,114$58,501$49,296$41,374$34,603$31,322
17 years$64,373$53,877$44,858$37,174$30,681$27,565
18 years$60,163$49,785$40,949$33,501$27,280$24,324
19 years$56,401$46,140$37,487$30,271$24,316$21,513
20 years$53,019$42,876$34,404$27,417$21,719$19,066
21 years$49,964$39,937$31,645$24,882$19,436$16,926
22 years$47,190$37,280$29,166$22,624$17,422$15,050
23 years$44,661$34,867$26,929$20,604$15,639$13,400
24 years$42,346$32,668$24,905$18,792$14,057$11,945
25 years$40,219$30,657$23,067$17,162$12,649$10,659
26 years$38,260$28,813$21,394$15,692$11,394$9,520
27 years$36,448$27,116$19,866$14,363$10,272$8,510
28 years$34,769$25,552$18,468$13,160$9,269$7,613
29 years$33,209$24,105$17,186$12,068$8,369$6,814
30 years$31,755$22,765$16,008$11,075$7,562$6,103
31 years$30,398$21,520$14,924$10,172$6,837$5,469
32 years$29,128$20,362$13,924$9,348$6,185$4,903
33 years$27,937$19,284$13,001$8,596$5,597$4,398
34 years$26,819$18,277$12,147$7,909$5,068$3,946
35 years$25,768$17,335$11,357$7,281$4,590$3,541
36 years$24,776$16,453$10,624$6,706$4,159$3,179
37 years$23,841$15,627$9,944$6,178$3,769$2,855
38 years$22,957$14,851$9,312$5,695$3,417$2,565
39 years$22,120$14,122$8,725$5,251$3,099$2,304
40 years$21,328$13,436$8,177$4,843$2,811$2,070
41 years$20,576$12,790$7,668$4,468$2,550$1,861
42 years$19,861$12,181$7,193$4,124$2,314$1,673
43 years$19,182$11,606$6,749$3,807$2,100$1,504
44 years$18,535$11,063$6,335$3,515$1,906$1,352
45 years$17,919$10,549$5,949$3,246$1,730$1,216
46 years$17,331$10,063$5,587$2,998$1,571$1,093
47 years$16,770$9,604$5,249$2,770$1,427$983
48 years$16,234$9,168$4,933$2,560$1,296$884
49 years$15,722$8,755$4,636$2,366$1,177$795
50 years$15,231$8,363$4,359$2,187$1,069$716

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,600,000, adding $4,119 every year, while hoping to spend $38,322 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: 52/26/22 Blend
69$15,600,000$15,600,000$15,600,000$15,600,000
70$17,195,449$16,368,649$16,126,849$17,984,516
71$18,908,610$17,129,938$16,626,324$19,290,719
72$20,795,230$17,927,246$17,141,247$20,706,458
73$22,872,960$18,762,298$17,672,095$22,245,628
74$25,161,251$19,636,900$18,219,360$23,919,981
75$27,681,539$20,552,949$18,783,549$25,742,433
76$30,457,442$21,512,430$19,365,184$27,727,178
77$33,514,988$22,517,425$19,964,804$29,889,821
78$36,882,856$23,570,118$20,582,964$32,247,520
79$40,592,651$24,672,797$21,220,237$34,819,139
80$44,679,199$25,827,862$21,877,213$37,625,424
81$49,180,876$27,037,827$22,554,499$40,689,190
82$54,139,974$28,305,328$23,252,722$44,035,533
83$59,603,093$29,633,131$23,972,530$47,692,058
84$65,621,586$31,024,132$24,714,588$51,689,135
85$72,252,044$32,481,370$25,479,582$56,060,177
86$79,556,825$34,008,030$26,268,221$60,841,948
87$87,604,649$35,607,452$27,081,235$66,074,904
88$96,471,241$37,283,135$27,919,374$71,803,564
89$106,240,050$39,038,751$28,783,415$78,076,925
90$117,003,033$40,878,147$29,674,157$84,948,914
91$128,861,524$42,805,359$30,592,424$92,478,887
92$141,927,194$44,824,615$31,539,064$100,732,182
93$156,323,098$46,940,352$32,514,953$109,780,725
94$172,184,843$49,157,218$33,520,993$119,703,697
95$189,661,865$51,480,090$34,558,115$130,588,272
96$208,918,840$53,914,079$35,627,276$142,530,428
97$230,137,238$56,464,544$36,729,465$155,635,841
98$253,517,035$59,137,106$37,865,701$170,020,871
99$279,278,604$61,937,656$39,037,034$185,813,646
100$307,664,792$64,872,372$40,244,545$203,155,257