Can I retire at age 70 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,239,765
2 years$658,180$645,922$634,042$622,523$611,351$567,398
3 years$434,428$422,117$410,267$398,857$387,866$345,413
4 years$322,574$310,301$298,569$287,354$276,629$236,000
5 years$255,479$243,280$231,702$220,715$210,289$171,592
6 years$210,764$198,656$187,250$176,508$166,395$129,659
7 years$178,837$166,831$155,605$145,117$135,323$100,543
8 years$154,902$143,005$131,966$121,735$112,264$79,412
9 years$136,297$124,512$113,662$103,691$94,542$63,578
10 years$121,421$109,751$99,093$89,383$80,555$51,427
11 years$109,257$97,705$87,240$77,790$69,280$41,930
12 years$99,129$87,694$77,423$68,232$60,036$34,402
13 years$90,565$79,250$69,173$60,239$52,353$28,367
14 years$83,231$72,036$62,152$53,473$45,892$23,485
15 years$76,880$65,806$56,115$47,689$40,407$19,507
16 years$71,329$60,376$50,876$42,700$35,712$16,246
17 years$66,436$55,604$46,295$38,366$31,665$13,560
18 years$62,092$51,381$42,262$34,575$28,155$11,338
19 years$58,209$47,619$38,689$31,242$25,095$9,495
20 years$54,719$44,250$35,506$28,295$22,415$7,961
21 years$51,565$41,217$32,659$25,680$20,059$6,682
22 years$48,702$38,475$30,100$23,349$17,980$5,613
23 years$46,092$35,985$27,792$21,264$16,140$4,719
24 years$43,703$33,715$25,703$19,394$14,507$3,969
25 years$41,508$31,640$23,806$17,712$13,054$3,341
26 years$39,486$29,737$22,079$16,195$11,759$2,813
27 years$37,616$27,986$20,502$14,824$10,601$2,369
28 years$35,883$26,371$19,060$13,582$9,566$1,996
29 years$34,273$24,878$17,737$12,455$8,638$1,682
30 years$32,773$23,494$16,521$11,430$7,805$1,418
31 years$31,372$22,210$15,402$10,498$7,056$1,195
32 years$30,061$21,015$14,370$9,648$6,383$1,008
33 years$28,833$19,902$13,418$8,872$5,777$850
34 years$27,679$18,862$12,537$8,163$5,230$717
35 years$26,593$17,891$11,721$7,514$4,737$605
36 years$25,571$16,981$10,965$6,921$4,292$510
37 years$24,605$16,128$10,263$6,376$3,890$430
38 years$23,693$15,327$9,611$5,877$3,527$363
39 years$22,829$14,575$9,004$5,419$3,198$306
40 years$22,011$13,867$8,440$4,998$2,901$258
41 years$21,235$13,200$7,914$4,612$2,632$218
42 years$20,498$12,571$7,423$4,256$2,388$184
43 years$19,797$11,978$6,966$3,929$2,167$155
44 years$19,129$11,417$6,539$3,628$1,967$131
45 years$18,493$10,887$6,139$3,350$1,786$111
46 years$17,887$10,386$5,766$3,095$1,621$93
47 years$17,308$9,911$5,417$2,859$1,472$79
48 years$16,754$9,462$5,091$2,642$1,337$66
49 years$16,225$9,035$4,785$2,442$1,214$56
50 years$15,719$8,631$4,499$2,257$1,103$47

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,100,000, adding $2,046 every year, while hoping to spend $59,514 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: 57/24/19 Blend
69$16,100,000$16,100,000$16,100,000$16,100,000
70$17,744,310$16,891,010$16,641,460$18,666,031
71$19,490,908$17,655,348$17,135,627$20,057,596
72$21,413,663$18,455,142$17,644,353$21,566,760
73$23,530,482$19,292,070$18,168,065$23,210,119
74$25,861,095$20,167,884$18,707,198$25,000,594
75$28,427,240$21,084,425$19,262,203$26,952,391
76$31,252,875$22,043,617$19,833,543$29,081,135
77$34,364,394$23,047,481$20,421,693$31,404,007
78$37,790,887$24,098,132$21,027,144$33,939,908
79$41,564,403$25,197,786$21,650,399$36,709,628
80$45,720,261$26,348,767$22,291,976$39,736,039
81$50,297,380$27,553,509$22,952,410$43,044,303
82$55,338,646$28,814,563$23,632,248$46,662,110
83$60,891,314$30,134,604$24,332,056$50,619,929
84$67,007,461$31,516,432$25,052,412$54,951,288
85$73,744,470$32,962,985$25,793,916$59,693,090
86$81,165,574$34,477,340$26,557,181$64,885,950
87$89,340,455$36,062,722$27,342,838$70,574,573
88$98,345,898$37,722,512$28,151,540$76,808,171
89$108,266,516$39,460,251$28,983,953$83,640,916
90$119,195,552$41,279,654$29,840,766$91,132,447
91$131,235,753$43,184,613$30,722,687$99,348,424
92$144,500,346$45,179,205$31,630,443$108,361,138
93$159,114,101$47,267,706$32,564,783$118,250,187
94$175,214,514$49,454,598$33,526,477$129,103,216
95$192,953,098$51,744,576$34,516,318$141,016,736
96$212,496,818$54,142,565$35,535,119$154,097,023
97$234,029,667$56,653,724$36,583,719$168,461,115
98$257,754,399$59,283,462$37,662,979$184,237,901
99$283,894,445$62,037,450$38,773,787$201,569,328
100$312,696,023$64,921,629$39,917,053$220,611,732