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%12.2%
1 years$1,321,265$1,309,496$1,298,013$1,286,806$1,275,862$1,264,117
2 years$654,092$641,910$630,104$618,657$607,554$595,720
3 years$431,730$419,495$407,719$396,379$385,457$373,901
4 years$320,570$308,373$296,715$285,569$274,911$263,723
5 years$253,892$241,768$230,263$219,344$208,983$198,195
6 years$209,455$197,422$186,087$175,411$165,361$154,987
7 years$177,726$165,795$154,639$144,215$134,483$124,527
8 years$153,940$142,117$131,146$120,979$111,567$102,029
9 years$135,450$123,738$112,956$103,047$93,955$84,832
10 years$120,667$109,069$98,478$88,828$80,054$71,341
11 years$108,579$97,098$86,698$77,307$68,850$60,539
12 years$98,513$87,150$76,942$67,808$59,664$51,747
13 years$90,002$78,758$68,743$59,865$52,028$44,497
14 years$82,714$71,589$61,766$53,141$45,607$38,453
15 years$76,403$65,398$55,766$47,392$40,156$33,367
16 years$70,886$60,001$50,560$42,435$35,490$29,055
17 years$66,023$55,259$46,008$38,127$31,468$25,376
18 years$61,706$51,062$41,999$34,360$27,980$22,219
19 years$57,847$47,323$38,448$31,048$24,939$19,498
20 years$54,379$43,975$35,286$28,120$22,276$17,142
21 years$51,245$40,961$32,456$25,520$19,935$15,096
22 years$48,400$38,236$29,913$23,204$17,869$13,313
23 years$45,806$35,761$27,620$21,132$16,040$11,755
24 years$43,431$33,506$25,544$19,274$14,417$10,390
25 years$41,250$31,444$23,659$17,602$12,973$9,193
26 years$39,241$29,552$21,942$16,094$11,686$8,141
27 years$37,383$27,812$20,375$14,731$10,536$7,214
28 years$35,661$26,207$18,941$13,497$9,506$6,397
29 years$34,060$24,723$17,627$12,377$8,584$5,676
30 years$32,569$23,348$16,418$11,359$7,756$5,039
31 years$31,177$22,072$15,306$10,433$7,012$4,475
32 years$29,875$20,885$14,281$9,588$6,343$3,976
33 years$28,654$19,778$13,334$8,817$5,741$3,534
34 years$27,507$18,745$12,459$8,112$5,197$3,142
35 years$26,428$17,779$11,648$7,468$4,708$2,794
36 years$25,412$16,875$10,897$6,878$4,265$2,485
37 years$24,452$16,028$10,199$6,337$3,866$2,211
38 years$23,546$15,232$9,551$5,841$3,505$1,968
39 years$22,688$14,484$8,948$5,385$3,178$1,751
40 years$21,875$13,780$8,387$4,967$2,883$1,559
41 years$21,103$13,118$7,864$4,583$2,615$1,388
42 years$20,370$12,493$7,377$4,230$2,373$1,236
43 years$19,674$11,903$6,922$3,904$2,154$1,100
44 years$19,010$11,346$6,498$3,605$1,955$980
45 years$18,378$10,820$6,101$3,329$1,775$873
46 years$17,776$10,322$5,731$3,075$1,611$777
47 years$17,200$9,850$5,384$2,841$1,463$693
48 years$16,650$9,403$5,059$2,625$1,329$617
49 years$16,125$8,979$4,755$2,426$1,207$550
50 years$15,622$8,577$4,471$2,243$1,096$490

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 $4,197 every year, while hoping to spend $51,676 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: 47/34/19 Blend
69$16,000,000$16,000,000$16,000,000$16,000,000
70$17,636,329$16,788,329$16,540,329$18,369,920
71$19,380,252$17,555,974$17,039,447$19,649,174
72$21,300,323$18,359,502$17,553,554$21,031,318
73$23,414,454$19,200,617$18,083,097$22,530,413
74$25,742,385$20,081,103$18,628,536$24,157,412
75$28,305,863$21,002,832$19,190,347$25,924,338
76$31,128,855$21,967,765$19,769,018$27,844,402
77$34,237,770$22,977,957$20,365,052$29,932,112
78$37,661,708$24,035,563$20,978,967$32,203,412
79$41,432,736$25,142,839$21,611,296$34,675,819
80$45,586,190$26,302,152$22,262,589$37,368,588
81$50,161,005$27,515,982$22,933,410$40,302,881
82$55,200,091$28,786,928$23,624,342$43,501,963
83$60,750,726$30,117,714$24,335,984$46,991,412
84$66,865,014$31,511,196$25,068,953$50,799,353
85$73,600,368$32,970,366$25,823,885$54,956,716
86$81,020,053$34,498,362$26,601,433$59,497,516
87$89,193,789$36,098,472$27,402,271$64,459,168
88$98,198,400$37,774,142$28,227,093$69,882,829
89$108,118,548$39,528,986$29,076,611$75,813,777
90$119,047,524$41,366,791$29,951,562$82,301,827
91$131,088,134$43,291,526$30,852,701$89,401,790
92$144,353,665$45,307,352$31,780,808$97,173,980
93$158,968,959$47,418,632$32,736,685$105,684,771
94$175,071,586$49,629,938$33,721,157$115,007,209
95$192,813,146$51,946,064$34,735,074$125,221,690
96$212,360,700$54,372,034$35,779,312$136,416,707
97$233,898,343$56,913,115$36,854,771$148,689,666
98$257,628,947$59,574,831$37,962,379$162,147,793
99$283,776,071$62,362,969$39,103,090$176,909,131
100$312,586,074$65,283,598$40,277,888$193,103,638