Can I retire at age 70 with 15,700,000?

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 $15,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,241,969
2 years$641,827$629,874$618,289$607,057$596,162$586,111
3 years$423,635$411,630$400,074$388,947$378,230$368,410
4 years$314,560$302,591$291,151$280,215$269,757$260,244
5 years$249,132$237,235$225,945$215,232$205,065$195,887
6 years$205,527$193,720$182,598$172,122$162,261$153,429
7 years$174,394$162,686$151,739$141,511$131,961$123,481
8 years$151,054$139,452$128,687$118,710$109,475$101,345
9 years$132,910$121,418$110,838$101,115$92,194$84,412
10 years$118,404$107,024$96,631$87,162$78,553$71,116
11 years$106,543$95,277$85,073$75,857$67,559$60,459
12 years$96,666$85,516$75,500$66,537$58,545$51,777
13 years$88,315$77,281$67,454$58,742$51,052$44,609
14 years$81,163$70,247$60,608$52,145$44,752$38,625
15 years$74,970$64,171$54,721$46,504$39,403$33,584
16 years$69,557$58,876$49,612$41,639$34,825$29,304
17 years$64,785$54,223$45,145$37,412$30,878$25,647
18 years$60,549$50,104$41,212$33,716$27,455$22,505
19 years$56,763$46,436$37,727$30,465$24,472$19,791
20 years$53,359$43,151$34,624$27,592$21,858$17,438
21 years$50,284$40,193$31,848$25,042$19,561$15,390
22 years$47,492$37,519$29,353$22,769$17,533$13,603
23 years$44,947$35,091$27,102$20,736$15,739$12,039
24 years$42,617$32,878$25,065$18,912$14,147$10,666
25 years$40,477$30,854$23,215$17,272$12,730$9,459
26 years$38,505$28,998$21,531$15,792$11,467$8,396
27 years$36,682$27,290$19,993$14,455$10,338$7,458
28 years$34,992$25,716$18,586$13,244$9,328$6,629
29 years$33,421$24,260$17,296$12,145$8,423$5,896
30 years$31,958$22,911$16,111$11,146$7,611$5,247
31 years$30,592$21,658$15,019$10,237$6,881$4,671
32 years$29,314$20,493$14,013$9,408$6,224$4,161
33 years$28,116$19,407$13,084$8,651$5,633$3,707
34 years$26,991$18,394$12,225$7,960$5,100$3,304
35 years$25,933$17,446$11,430$7,328$4,619$2,946
36 years$24,935$16,559$10,692$6,749$4,185$2,627
37 years$23,994$15,727$10,008$6,218$3,793$2,343
38 years$23,104$14,946$9,372$5,731$3,439$2,090
39 years$22,262$14,213$8,780$5,284$3,119$1,865
40 years$21,464$13,522$8,230$4,874$2,829$1,665
41 years$20,707$12,872$7,717$4,497$2,566$1,486
42 years$19,988$12,259$7,239$4,150$2,329$1,326
43 years$19,305$11,680$6,793$3,831$2,113$1,184
44 years$18,654$11,133$6,376$3,537$1,918$1,057
45 years$18,034$10,617$5,987$3,267$1,741$944
46 years$17,442$10,128$5,623$3,018$1,581$843
47 years$16,878$9,665$5,283$2,788$1,436$753
48 years$16,338$9,227$4,964$2,576$1,304$673
49 years$15,822$8,811$4,666$2,381$1,184$601
50 years$15,329$8,417$4,387$2,201$1,076$537

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,700,000, adding $2,911 every year, while hoping to spend $38,462 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: 62/24/14 Blend
69$15,700,000$15,700,000$15,700,000$15,700,000
70$17,304,403$16,472,303$16,228,953$18,318,055
71$19,028,529$17,238,522$16,731,699$19,765,193
72$20,927,226$18,040,997$17,249,999$21,339,586
73$23,018,261$18,881,464$17,784,332$23,057,279
74$25,321,210$19,761,742$18,335,193$24,932,178
75$27,857,645$20,683,739$18,903,094$26,979,576
76$30,651,337$21,649,455$19,488,560$29,216,294
77$33,728,481$22,660,985$20,092,134$31,660,836
78$37,117,940$23,720,528$20,714,374$34,333,556
79$40,851,522$24,830,386$21,355,858$37,256,851
80$44,964,278$25,992,976$22,017,180$40,455,362
81$49,494,831$27,210,828$22,698,952$43,956,204
82$54,485,742$28,486,597$23,401,805$47,789,218
83$59,983,913$29,823,065$24,126,391$51,987,243
84$66,041,027$31,223,151$24,873,380$56,586,422
85$72,714,038$32,689,911$25,643,464$61,626,538
86$80,065,705$34,226,552$26,437,356$67,151,383
87$88,165,190$35,836,436$27,255,791$73,209,163
88$97,088,706$37,523,088$28,099,526$79,852,945
89$106,920,235$39,290,201$28,969,342$87,141,156
90$117,752,328$41,141,650$29,866,044$95,138,119
91$129,686,971$43,081,496$30,790,461$103,914,659
92$142,836,550$45,113,997$31,743,450$113,548,759
93$157,324,914$47,243,619$32,725,891$124,126,289
94$173,288,541$49,475,041$33,738,694$135,741,806
95$190,877,827$51,813,173$34,782,795$148,499,438
96$210,258,506$54,263,160$35,859,159$162,513,858
97$231,613,216$56,830,396$36,968,783$177,911,352
98$255,143,218$59,520,541$38,112,692$194,831,004
99$281,070,303$62,339,524$39,291,944$213,425,996
100$309,638,879$65,293,565$40,507,629$233,865,041