Can I retire at age 70 with 15,900,000?

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 $15,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$1,313,007$1,301,312$1,289,901$1,278,763$1,267,888$1,229,272
2 years$650,004$637,898$626,165$614,790$603,756$565,182
3 years$429,031$416,873$405,171$393,902$383,048$345,726
4 years$318,567$306,446$294,860$283,784$273,193$237,409
5 years$252,305$240,257$228,824$217,973$207,677$173,528
6 years$208,146$196,188$184,924$174,315$164,328$131,844
7 years$176,615$164,759$153,672$143,314$133,642$102,822
8 years$152,978$141,229$130,326$120,223$110,869$81,693
9 years$134,604$122,965$112,250$102,403$93,368$65,804
10 years$119,912$108,387$97,862$88,272$79,554$53,563
11 years$107,900$96,491$86,156$76,823$68,419$43,956
12 years$97,897$86,605$76,461$67,384$59,291$36,304
13 years$89,440$78,266$68,313$59,490$51,703$30,140
14 years$82,197$71,141$61,380$52,809$45,322$25,126
15 years$75,925$64,989$55,418$47,096$39,905$21,019
16 years$70,443$59,626$50,244$42,170$35,268$17,632
17 years$65,611$54,913$45,720$37,889$31,271$14,825
18 years$61,320$50,742$41,737$34,146$27,805$12,489
19 years$57,486$47,028$38,208$30,854$24,783$10,537
20 years$54,039$43,700$35,065$27,944$22,137$8,903
21 years$50,925$40,705$32,253$25,361$19,810$7,531
22 years$48,097$37,997$29,726$23,059$17,757$6,376
23 years$45,519$35,538$27,447$21,000$15,940$5,402
24 years$43,160$33,296$25,384$19,153$14,327$4,581
25 years$40,993$31,247$23,511$17,492$12,892$3,886
26 years$38,995$29,367$21,805$15,994$11,613$3,298
27 years$37,149$27,638$20,248$14,639$10,470$2,801
28 years$35,438$26,043$18,823$13,413$9,447$2,379
29 years$33,847$24,569$17,516$12,300$8,530$2,021
30 years$32,366$23,203$16,316$11,288$7,708$1,718
31 years$30,982$21,934$15,211$10,367$6,969$1,460
32 years$29,688$20,754$14,192$9,528$6,304$1,242
33 years$28,475$19,654$13,251$8,762$5,705$1,056
34 years$27,335$18,628$12,381$8,061$5,165$898
35 years$26,263$17,668$11,575$7,421$4,678$764
36 years$25,253$16,770$10,829$6,835$4,239$650
37 years$24,300$15,927$10,135$6,297$3,842$553
38 years$23,399$15,137$9,491$5,804$3,483$470
39 years$22,546$14,394$8,892$5,352$3,158$400
40 years$21,738$13,694$8,335$4,936$2,865$340
41 years$20,971$13,036$7,815$4,554$2,599$290
42 years$20,243$12,415$7,331$4,203$2,358$246
43 years$19,551$11,829$6,879$3,880$2,140$210
44 years$18,891$11,275$6,457$3,582$1,943$178
45 years$18,263$10,752$6,063$3,309$1,764$152
46 years$17,664$10,257$5,695$3,056$1,601$129
47 years$17,093$9,788$5,350$2,823$1,454$110
48 years$16,546$9,344$5,028$2,609$1,320$94
49 years$16,024$8,923$4,726$2,411$1,199$80
50 years$15,524$8,524$4,443$2,229$1,089$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,900,000, adding $5,872 every year, while hoping to spend $36,118 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: 59/14/27 Blend
69$15,900,000$15,900,000$15,900,000$15,900,000
70$17,527,857$16,685,157$16,438,707$18,433,322
71$19,277,269$17,464,300$16,950,974$19,831,511
72$21,203,911$18,280,411$17,479,192$21,351,517
73$23,325,821$19,135,263$18,023,857$23,008,765
74$25,662,879$20,030,714$18,585,479$24,816,595
75$28,236,987$20,968,714$19,164,588$26,789,682
76$31,072,284$21,951,306$19,761,726$28,944,172
77$34,195,368$22,980,631$20,377,455$31,297,829
78$37,635,549$24,058,935$21,012,353$33,870,201
79$41,425,124$25,188,572$21,667,016$36,682,800
80$45,599,684$26,372,009$22,342,058$39,759,301
81$50,198,449$27,611,835$23,038,114$43,125,759
82$55,264,637$28,910,761$23,755,838$46,810,857
83$60,845,874$30,271,632$24,495,902$50,846,164
84$66,994,641$31,697,430$25,259,002$55,266,434
85$73,768,770$33,191,280$26,045,855$60,109,929
86$81,231,992$34,756,460$26,857,198$65,418,773
87$89,454,534$36,396,406$27,693,794$71,239,343
88$98,513,788$38,114,721$28,556,427$77,622,705
89$108,495,035$39,915,183$29,445,908$84,625,089
90$119,492,253$41,801,751$30,363,070$92,308,412
91$131,609,006$43,778,580$31,308,776$100,740,860
92$144,959,416$45,850,022$32,283,912$109,997,520
93$159,669,247$48,020,643$33,289,393$120,161,086
94$175,877,085$50,295,230$34,326,162$131,322,631
95$193,735,652$52,678,800$35,395,193$143,582,462
96$213,413,245$55,176,618$36,497,489$157,051,052
97$235,095,324$57,794,200$37,634,083$171,850,085
98$258,986,264$60,537,333$38,806,041$188,113,588
99$285,311,283$63,412,082$40,014,463$205,989,192
100$314,318,569$66,424,809$41,260,483$225,639,513