Can I retire at age 70 with 16,000,000?

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 $16,000,000?

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$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,237,003
2 years$654,092$641,910$630,104$618,657$607,554$568,737
3 years$431,730$419,495$407,719$396,379$385,457$347,900
4 years$320,570$308,373$296,715$285,569$274,911$238,902
5 years$253,892$241,768$230,263$219,344$208,983$174,620
6 years$209,455$197,422$186,087$175,411$165,361$132,673
7 years$177,726$165,795$154,639$144,215$134,483$103,469
8 years$153,940$142,117$131,146$120,979$111,567$82,207
9 years$135,450$123,738$112,956$103,047$93,955$66,218
10 years$120,667$109,069$98,478$88,828$80,054$53,900
11 years$108,579$97,098$86,698$77,307$68,850$44,232
12 years$98,513$87,150$76,942$67,808$59,664$36,533
13 years$90,002$78,758$68,743$59,865$52,028$30,329
14 years$82,714$71,589$61,766$53,141$45,607$25,285
15 years$76,403$65,398$55,766$47,392$40,156$21,151
16 years$70,886$60,001$50,560$42,435$35,490$17,742
17 years$66,023$55,259$46,008$38,127$31,468$14,918
18 years$61,706$51,062$41,999$34,360$27,980$12,567
19 years$57,847$47,323$38,448$31,048$24,939$10,604
20 years$54,379$43,975$35,286$28,120$22,276$8,959
21 years$51,245$40,961$32,456$25,520$19,935$7,578
22 years$48,400$38,236$29,913$23,204$17,869$6,416
23 years$45,806$35,761$27,620$21,132$16,040$5,436
24 years$43,431$33,506$25,544$19,274$14,417$4,609
25 years$41,250$31,444$23,659$17,602$12,973$3,911
26 years$39,241$29,552$21,942$16,094$11,686$3,319
27 years$37,383$27,812$20,375$14,731$10,536$2,818
28 years$35,661$26,207$18,941$13,497$9,506$2,394
29 years$34,060$24,723$17,627$12,377$8,584$2,034
30 years$32,569$23,348$16,418$11,359$7,756$1,729
31 years$31,177$22,072$15,306$10,433$7,012$1,470
32 years$29,875$20,885$14,281$9,588$6,343$1,249
33 years$28,654$19,778$13,334$8,817$5,741$1,062
34 years$27,507$18,745$12,459$8,112$5,197$904
35 years$26,428$17,779$11,648$7,468$4,708$768
36 years$25,412$16,875$10,897$6,878$4,265$654
37 years$24,452$16,028$10,199$6,337$3,866$556
38 years$23,546$15,232$9,551$5,841$3,505$473
39 years$22,688$14,484$8,948$5,385$3,178$402
40 years$21,875$13,780$8,387$4,967$2,883$342
41 years$21,103$13,118$7,864$4,583$2,615$291
42 years$20,370$12,493$7,377$4,230$2,373$248
43 years$19,674$11,903$6,922$3,904$2,154$211
44 years$19,010$11,346$6,498$3,605$1,955$180
45 years$18,378$10,820$6,101$3,329$1,775$153
46 years$17,776$10,322$5,731$3,075$1,611$130
47 years$17,200$9,850$5,384$2,841$1,463$111
48 years$16,650$9,403$5,059$2,625$1,329$94
49 years$16,125$8,979$4,755$2,426$1,207$80
50 years$15,622$8,577$4,471$2,243$1,096$68

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,000,000, adding $3,781 every year, while hoping to spend $37,171 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: 77/14/9 Blend
69$16,000,000$16,000,000$16,000,000$16,000,000
70$17,635,900$16,787,900$16,539,900$18,968,352
71$19,395,212$17,570,958$17,054,437$20,627,899
72$21,332,728$18,391,139$17,584,965$22,441,869
73$23,466,586$19,250,224$18,131,981$24,429,692
74$25,816,772$20,150,079$18,695,996$26,608,650
75$28,405,309$21,092,660$19,277,539$28,997,768
76$31,256,467$22,080,016$19,877,153$31,617,991
77$34,396,988$23,114,299$20,495,399$34,492,378
78$37,856,342$24,197,760$21,132,856$37,646,321
79$41,667,002$25,332,763$21,790,119$41,107,777
80$45,864,752$26,521,785$22,467,805$44,907,532
81$50,489,027$27,767,422$23,166,546$49,079,487
82$55,583,278$29,072,396$23,886,995$53,660,974
83$61,195,391$30,439,562$24,629,828$58,693,108
84$67,378,131$31,871,911$25,395,738$64,221,166
85$74,189,647$33,372,581$26,185,442$70,295,017
86$81,694,014$34,944,861$26,999,677$76,969,584
87$89,961,843$36,592,198$27,839,205$84,305,359
88$99,070,944$38,318,209$28,704,812$92,368,973
89$109,107,062$40,126,684$29,597,306$101,233,816
90$120,164,688$42,021,597$30,517,520$110,980,727
91$132,347,945$44,007,114$31,466,317$121,698,752
92$145,771,579$46,087,606$32,444,581$133,485,981
93$160,562,033$48,267,652$33,453,228$146,450,465
94$176,858,649$50,552,055$34,493,200$160,711,234
95$194,814,977$52,945,852$35,565,468$176,399,412
96$214,600,229$55,454,322$36,671,035$193,659,449
97$236,400,871$58,083,003$37,810,933$212,650,480
98$260,422,388$60,837,698$38,986,228$233,547,820
99$286,891,221$63,724,495$40,198,016$256,544,608
100$316,056,907$66,749,777$41,447,431$281,853,628