Can I retire at age 70 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,246,238
2 years$645,915$633,886$622,227$610,924$599,959$586,189
3 years$426,333$414,251$402,622$391,425$380,639$367,202
4 years$316,563$304,519$293,006$281,999$271,475$258,475
5 years$250,719$238,746$227,385$216,603$206,371$193,846
6 years$206,836$194,954$183,761$173,219$163,294$151,260
7 years$175,504$163,722$152,706$142,413$132,802$121,263
8 years$152,016$140,340$129,507$119,467$110,172$99,127
9 years$133,757$122,191$111,544$101,759$92,781$82,226
10 years$119,158$107,706$97,247$87,717$79,054$68,983
11 years$107,222$95,884$85,614$76,340$67,989$58,393
12 years$97,282$86,060$75,981$66,961$58,918$49,787
13 years$88,877$77,773$67,884$59,116$51,377$42,701
14 years$81,680$70,694$60,994$52,477$45,037$36,803
15 years$75,448$64,580$55,069$46,800$39,654$31,849
16 years$70,000$59,251$49,928$41,904$35,047$27,658
17 years$65,198$54,568$45,433$37,651$31,075$24,088
18 years$60,935$50,423$41,474$33,931$27,630$21,031
19 years$57,124$46,732$37,968$30,659$24,627$18,402
20 years$53,699$43,425$34,845$27,768$21,998$16,131
21 years$50,604$40,449$32,051$25,201$19,685$14,164
22 years$47,795$37,758$29,540$22,914$17,645$12,453
23 years$45,233$35,314$27,275$20,868$15,839$10,962
24 years$42,889$33,087$25,224$19,033$14,237$9,660
25 years$40,735$31,051$23,363$17,382$12,811$8,520
26 years$38,750$29,182$21,668$15,893$11,540$7,521
27 years$36,915$27,464$20,120$14,547$10,404$6,644
28 years$35,215$25,879$18,705$13,328$9,388$5,873
29 years$33,634$24,414$17,406$12,222$8,477$5,194
30 years$32,162$23,057$16,213$11,217$7,659$4,596
31 years$30,787$21,796$15,115$10,302$6,925$4,068
32 years$29,501$20,624$14,103$9,468$6,264$3,602
33 years$28,295$19,531$13,168$8,707$5,669$3,191
34 years$27,163$18,511$12,303$8,011$5,133$2,828
35 years$26,098$17,557$11,503$7,374$4,649$2,506
36 years$25,094$16,664$10,760$6,792$4,212$2,222
37 years$24,147$15,827$10,072$6,258$3,817$1,970
38 years$23,251$15,042$9,432$5,768$3,461$1,747
39 years$22,404$14,303$8,836$5,318$3,138$1,550
40 years$21,601$13,608$8,282$4,905$2,847$1,375
41 years$20,839$12,954$7,766$4,526$2,583$1,220
42 years$20,116$12,337$7,285$4,177$2,343$1,082
43 years$19,428$11,754$6,836$3,856$2,127$960
44 years$18,773$11,204$6,417$3,560$1,930$852
45 years$18,149$10,684$6,025$3,288$1,753$757
46 years$17,553$10,192$5,659$3,037$1,591$672
47 years$16,985$9,727$5,316$2,806$1,445$596
48 years$16,442$9,285$4,996$2,593$1,312$529
49 years$15,923$8,867$4,696$2,396$1,192$470
50 years$15,426$8,470$4,415$2,215$1,082$417

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,800,000, adding $4,172 every year, while hoping to spend $38,581 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: 60/31/9 Blend
69$15,800,000$15,800,000$15,800,000$15,800,000
70$17,415,903$16,578,503$16,333,603$18,425,487
71$19,151,276$17,349,800$16,839,729$19,874,412
72$21,062,363$18,157,597$17,361,517$21,449,347
73$23,167,047$19,003,643$17,899,451$23,166,232
74$25,485,033$19,889,769$18,454,030$25,038,737
75$28,038,035$20,817,896$19,025,769$27,081,892
76$30,849,979$21,790,037$19,615,196$29,312,222
77$33,947,231$22,808,303$20,222,860$31,747,897
78$37,358,846$23,874,907$20,849,322$34,408,899
79$41,116,838$24,992,168$21,495,165$37,317,207
80$45,256,489$26,162,517$22,160,986$40,496,993
81$49,816,674$27,388,504$22,847,403$43,974,849
82$54,840,236$28,672,801$23,555,051$47,780,030
83$60,374,381$30,018,210$24,284,587$51,944,723
84$66,471,134$31,427,668$25,036,686$56,504,343
85$73,187,820$32,904,254$25,812,046$61,497,860
86$80,587,612$34,451,197$26,611,384$66,968,162
87$88,740,123$36,071,881$27,435,440$72,962,446
88$97,722,067$37,769,854$28,284,979$79,532,660
89$107,617,979$39,548,838$29,160,786$86,735,981
90$118,521,013$41,412,732$30,063,673$94,635,349
91$130,533,826$43,365,625$30,994,476$103,300,046
92$143,769,542$45,411,806$31,954,056$112,806,345
93$158,352,820$47,555,770$32,943,302$123,238,216
94$174,421,035$49,802,230$33,963,130$134,688,108
95$192,125,569$52,156,127$35,014,483$147,257,811
96$211,633,243$54,622,643$36,098,334$161,059,402
97$233,127,892$57,207,211$37,215,687$176,216,293
98$256,812,099$59,915,527$38,367,575$192,864,381
99$282,909,108$62,753,562$39,555,063$211,153,315
100$311,664,931$65,727,580$40,779,251$231,247,899