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%17.1%
1 years$1,296,491$1,284,943$1,273,676$1,262,678$1,251,940$1,215,763
2 years$641,827$629,874$618,289$607,057$596,162$560,001
3 years$423,635$411,630$400,074$388,947$378,230$343,218
4 years$314,560$302,591$291,151$280,215$269,757$236,164
5 years$249,132$237,235$225,945$215,232$205,065$172,982
6 years$205,527$193,720$182,598$172,122$162,261$131,717
7 years$174,394$162,686$151,739$141,511$131,961$102,957
8 years$151,054$139,452$128,687$118,710$109,475$81,993
9 years$132,910$121,418$110,838$101,115$92,194$66,206
10 years$118,404$107,024$96,631$87,162$78,553$54,026
11 years$106,543$95,277$85,073$75,857$67,559$44,450
12 years$96,666$85,516$75,500$66,537$58,545$36,810
13 years$88,315$77,281$67,454$58,742$51,052$30,642
14 years$81,163$70,247$60,608$52,145$44,752$25,616
15 years$74,970$64,171$54,721$46,504$39,403$21,489
16 years$69,557$58,876$49,612$41,639$34,825$18,078
17 years$64,785$54,223$45,145$37,412$30,878$15,244
18 years$60,549$50,104$41,212$33,716$27,455$12,880
19 years$56,763$46,436$37,727$30,465$24,472$10,901
20 years$53,359$43,151$34,624$27,592$21,858$9,238
21 years$50,284$40,193$31,848$25,042$19,561$7,838
22 years$47,492$37,519$29,353$22,769$17,533$6,657
23 years$44,947$35,091$27,102$20,736$15,739$5,658
24 years$42,617$32,878$25,065$18,912$14,147$4,813
25 years$40,477$30,854$23,215$17,272$12,730$4,096
26 years$38,505$28,998$21,531$15,792$11,467$3,488
27 years$36,682$27,290$19,993$14,455$10,338$2,971
28 years$34,992$25,716$18,586$13,244$9,328$2,532
29 years$33,421$24,260$17,296$12,145$8,423$2,159
30 years$31,958$22,911$16,111$11,146$7,611$1,841
31 years$30,592$21,658$15,019$10,237$6,881$1,570
32 years$29,314$20,493$14,013$9,408$6,224$1,339
33 years$28,116$19,407$13,084$8,651$5,633$1,142
34 years$26,991$18,394$12,225$7,960$5,100$975
35 years$25,933$17,446$11,430$7,328$4,619$832
36 years$24,935$16,559$10,692$6,749$4,185$710
37 years$23,994$15,727$10,008$6,218$3,793$606
38 years$23,104$14,946$9,372$5,731$3,439$517
39 years$22,262$14,213$8,780$5,284$3,119$442
40 years$21,464$13,522$8,230$4,874$2,829$377
41 years$20,707$12,872$7,717$4,497$2,566$322
42 years$19,988$12,259$7,239$4,150$2,329$275
43 years$19,305$11,680$6,793$3,831$2,113$235
44 years$18,654$11,133$6,376$3,537$1,918$200
45 years$18,034$10,617$5,987$3,267$1,741$171
46 years$17,442$10,128$5,623$3,018$1,581$146
47 years$16,878$9,665$5,283$2,788$1,436$125
48 years$16,338$9,227$4,964$2,576$1,304$106
49 years$15,822$8,811$4,666$2,381$1,184$91
50 years$15,329$8,417$4,387$2,201$1,076$78

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 $5,113 every year, while hoping to spend $35,132 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: 33/37/30 Blend
69$15,700,000$15,700,000$15,700,000$15,700,000
70$17,306,674$16,474,574$16,231,224$17,720,186
71$19,034,575$17,244,448$16,737,590$18,807,002
72$20,937,544$18,050,868$17,259,741$19,973,998
73$23,033,401$18,895,589$17,798,171$21,231,054
74$25,341,783$19,780,447$18,353,384$22,586,182
75$27,884,327$20,707,372$18,925,905$24,048,161
76$30,684,878$21,678,383$19,516,273$25,626,613
77$33,769,710$22,695,598$20,125,043$27,332,089
78$37,167,777$23,761,239$20,752,788$29,176,158
79$40,910,984$24,877,633$21,400,100$31,171,508
80$45,034,489$26,047,222$22,067,588$33,332,062
81$49,577,034$27,272,563$22,755,879$35,673,097
82$54,581,314$28,556,341$23,465,624$38,211,381
83$60,094,374$29,901,368$24,197,488$40,965,323
84$66,168,058$31,310,592$24,952,161$43,955,133
85$72,859,495$32,787,107$25,730,354$47,203,008
86$80,231,641$34,334,153$26,532,799$50,733,328
87$88,353,871$35,955,129$27,360,250$54,572,875
88$97,302,635$37,653,599$28,213,487$58,751,076
89$107,162,177$39,433,299$29,093,313$63,300,265
90$118,025,336$41,298,147$30,000,555$68,255,982
91$129,994,413$43,252,249$30,936,067$73,657,290
92$143,182,147$45,299,913$31,900,729$79,547,130
93$157,712,772$47,445,655$32,895,449$85,972,716
94$173,723,191$49,694,208$33,921,162$92,985,962
95$191,364,269$52,050,537$34,978,834$100,643,958
96$210,802,259$54,519,847$36,069,460$109,009,493
97$232,220,367$57,107,598$37,194,064$118,151,627
98$255,820,485$59,819,510$38,353,706$128,146,331
99$281,825,094$62,661,586$39,549,475$139,077,179
100$310,479,368$65,640,118$40,782,497$151,036,121