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%18.4%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,217,149
2 years$645,915$633,886$622,227$610,924$599,959$557,303
3 years$426,333$414,251$402,622$391,425$380,639$339,431
4 years$316,563$304,519$293,006$281,999$271,475$232,030
5 years$250,719$238,746$227,385$216,603$206,371$168,794
6 years$206,836$194,954$183,761$173,219$163,294$127,615
7 years$175,504$163,722$152,706$142,413$132,802$99,015
8 years$152,016$140,340$129,507$119,467$110,172$78,251
9 years$133,757$122,191$111,544$101,759$92,781$62,687
10 years$119,158$107,706$97,247$87,717$79,054$50,738
11 years$107,222$95,884$85,614$76,340$67,989$41,395
12 years$97,282$86,060$75,981$66,961$58,918$33,986
13 years$88,877$77,773$67,884$59,116$51,377$28,043
14 years$81,680$70,694$60,994$52,477$45,037$23,233
15 years$75,448$64,580$55,069$46,800$39,654$19,311
16 years$70,000$59,251$49,928$41,904$35,047$16,094
17 years$65,198$54,568$45,433$37,651$31,075$13,443
18 years$60,935$50,423$41,474$33,931$27,630$11,249
19 years$57,124$46,732$37,968$30,659$24,627$9,427
20 years$53,699$43,425$34,845$27,768$21,998$7,910
21 years$50,604$40,449$32,051$25,201$19,685$6,645
22 years$47,795$37,758$29,540$22,914$17,645$5,586
23 years$45,233$35,314$27,275$20,868$15,839$4,700
24 years$42,889$33,087$25,224$19,033$14,237$3,957
25 years$40,735$31,051$23,363$17,382$12,811$3,333
26 years$38,750$29,182$21,668$15,893$11,540$2,808
27 years$36,915$27,464$20,120$14,547$10,404$2,367
28 years$35,215$25,879$18,705$13,328$9,388$1,996
29 years$33,634$24,414$17,406$12,222$8,477$1,684
30 years$32,162$23,057$16,213$11,217$7,659$1,420
31 years$30,787$21,796$15,115$10,302$6,925$1,198
32 years$29,501$20,624$14,103$9,468$6,264$1,011
33 years$28,295$19,531$13,168$8,707$5,669$854
34 years$27,163$18,511$12,303$8,011$5,133$720
35 years$26,098$17,557$11,503$7,374$4,649$608
36 years$25,094$16,664$10,760$6,792$4,212$513
37 years$24,147$15,827$10,072$6,258$3,817$433
38 years$23,251$15,042$9,432$5,768$3,461$366
39 years$22,404$14,303$8,836$5,318$3,138$309
40 years$21,601$13,608$8,282$4,905$2,847$261
41 years$20,839$12,954$7,766$4,526$2,583$220
42 years$20,116$12,337$7,285$4,177$2,343$186
43 years$19,428$11,754$6,836$3,856$2,127$157
44 years$18,773$11,204$6,417$3,560$1,930$133
45 years$18,149$10,684$6,025$3,288$1,753$112
46 years$17,553$10,192$5,659$3,037$1,591$95
47 years$16,985$9,727$5,316$2,806$1,445$80
48 years$16,442$9,285$4,996$2,593$1,312$68
49 years$15,923$8,867$4,696$2,396$1,192$57
50 years$15,426$8,470$4,415$2,215$1,082$48

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 $5,517 every year, while hoping to spend $43,562 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: 45/36/19 Blend
69$15,800,000$15,800,000$15,800,000$15,800,000
70$17,417,291$16,579,891$16,334,991$18,105,687
71$19,147,505$17,345,956$16,835,863$19,354,989
72$21,052,741$18,148,098$17,352,055$20,704,180
73$23,150,805$18,988,039$17,884,033$22,166,373
74$25,461,318$19,867,584$18,432,279$23,752,072
75$28,005,900$20,788,624$18,997,289$25,472,813
76$30,808,378$21,753,142$19,579,574$27,341,258
77$33,895,003$22,763,217$20,179,661$29,371,315
78$37,294,706$23,821,027$20,798,091$31,578,260
79$41,039,364$24,928,855$21,435,426$33,978,873
80$45,164,106$26,089,096$22,092,239$36,591,592
81$49,707,642$27,304,259$22,769,126$39,436,677
82$54,712,627$28,576,973$23,466,698$42,536,396
83$60,226,067$29,909,998$24,185,585$45,915,222
84$66,299,760$31,306,221$24,926,436$49,600,061
85$72,990,785$32,768,675$25,689,920$53,620,496
86$80,362,040$34,300,536$26,476,728$58,009,052
87$88,482,839$35,905,132$27,287,569$62,801,499
88$97,429,560$37,585,956$28,123,174$68,037,176
89$107,286,374$39,346,666$28,984,299$73,759,352
90$118,146,031$41,191,100$29,871,720$80,015,625
91$130,110,742$43,123,279$30,786,238$86,858,356
92$143,293,138$45,147,420$31,728,678$94,345,155
93$157,817,338$47,267,944$32,699,888$102,539,408
94$173,820,118$49,489,484$33,700,746$111,510,864
95$191,452,202$51,816,901$34,732,153$121,336,281
96$210,879,685$54,255,288$35,795,038$132,100,130
97$232,285,601$56,809,985$36,890,361$143,895,385
98$255,871,650$59,486,593$38,019,106$156,824,375
99$281,860,104$62,290,981$39,182,291$170,999,743
100$310,495,900$65,229,305$40,380,964$186,545,484