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%11%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,278,427
2 years$658,180$645,922$634,042$622,523$611,351$605,890
3 years$434,428$422,117$410,267$398,857$387,866$382,522
4 years$322,574$310,301$298,569$287,354$276,629$271,444
5 years$255,479$243,280$231,702$220,715$210,289$205,277
6 years$210,764$198,656$187,250$176,508$166,395$161,563
7 years$178,837$166,831$155,605$145,117$135,323$130,675
8 years$154,902$143,005$131,966$121,735$112,264$107,798
9 years$136,297$124,512$113,662$103,691$94,542$90,259
10 years$121,421$109,751$99,093$89,383$80,555$76,452
11 years$109,257$97,705$87,240$77,790$69,280$65,354
12 years$99,129$87,694$77,423$68,232$60,036$56,286
13 years$90,565$79,250$69,173$60,239$52,353$48,773
14 years$83,231$72,036$62,152$53,473$45,892$42,480
15 years$76,880$65,806$56,115$47,689$40,407$37,158
16 years$71,329$60,376$50,876$42,700$35,712$32,621
17 years$66,436$55,604$46,295$38,366$31,665$28,728
18 years$62,092$51,381$42,262$34,575$28,155$25,368
19 years$58,209$47,619$38,689$31,242$25,095$22,452
20 years$54,719$44,250$35,506$28,295$22,415$19,912
21 years$51,565$41,217$32,659$25,680$20,059$17,691
22 years$48,702$38,475$30,100$23,349$17,980$15,741
23 years$46,092$35,985$27,792$21,264$16,140$14,026
24 years$43,703$33,715$25,703$19,394$14,507$12,512
25 years$41,508$31,640$23,806$17,712$13,054$11,174
26 years$39,486$29,737$22,079$16,195$11,759$9,988
27 years$37,616$27,986$20,502$14,824$10,601$8,935
28 years$35,883$26,371$19,060$13,582$9,566$7,999
29 years$34,273$24,878$17,737$12,455$8,638$7,166
30 years$32,773$23,494$16,521$11,430$7,805$6,424
31 years$31,372$22,210$15,402$10,498$7,056$5,761
32 years$30,061$21,015$14,370$9,648$6,383$5,169
33 years$28,833$19,902$13,418$8,872$5,777$4,640
34 years$27,679$18,862$12,537$8,163$5,230$4,166
35 years$26,593$17,891$11,721$7,514$4,737$3,743
36 years$25,571$16,981$10,965$6,921$4,292$3,363
37 years$24,605$16,128$10,263$6,376$3,890$3,022
38 years$23,693$15,327$9,611$5,877$3,527$2,717
39 years$22,829$14,575$9,004$5,419$3,198$2,443
40 years$22,011$13,867$8,440$4,998$2,901$2,197
41 years$21,235$13,200$7,914$4,612$2,632$1,976
42 years$20,498$12,571$7,423$4,256$2,388$1,778
43 years$19,797$11,978$6,966$3,929$2,167$1,600
44 years$19,129$11,417$6,539$3,628$1,967$1,440
45 years$18,493$10,887$6,139$3,350$1,786$1,296
46 years$17,887$10,386$5,766$3,095$1,621$1,166
47 years$17,308$9,911$5,417$2,859$1,472$1,050
48 years$16,754$9,462$5,091$2,642$1,337$945
49 years$16,225$9,035$4,785$2,442$1,214$851
50 years$15,719$8,631$4,499$2,257$1,103$766

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 $5,758 every year, while hoping to spend $58,224 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: 44/31/25 Blend
69$16,100,000$16,100,000$16,100,000$16,100,000
70$17,748,139$16,894,839$16,645,289$18,400,071
71$19,496,500$17,660,737$17,140,957$19,629,593
72$21,421,241$18,462,211$17,651,277$20,955,481
73$23,540,294$19,300,946$18,176,681$22,391,604
74$25,873,413$20,178,701$18,717,609$23,948,228
75$28,442,369$21,097,326$19,274,517$25,636,629
76$31,271,150$22,058,753$19,847,872$27,469,186
77$34,386,187$23,065,012$20,438,156$29,459,501
78$37,816,607$24,118,227$21,045,863$31,622,516
79$41,594,506$25,220,625$21,671,504$33,974,648
80$45,755,249$26,374,539$22,315,604$36,533,941
81$50,337,809$27,582,416$22,978,700$39,320,226
82$55,385,128$28,846,817$23,661,350$42,355,303
83$60,944,530$30,170,430$24,364,124$45,663,138
84$67,068,159$31,556,068$25,087,609$49,270,083
85$73,813,477$33,006,682$25,832,410$53,205,116
86$81,243,806$34,525,363$26,599,150$57,500,107
87$89,428,921$36,115,353$27,388,468$62,190,107
88$98,445,713$37,780,046$28,201,024$67,313,674
89$108,378,911$39,523,004$29,037,493$72,913,224
90$119,321,885$41,347,956$29,898,574$79,035,425
91$131,377,524$43,258,813$30,784,984$85,731,622
92$144,659,210$45,259,674$31,697,459$93,058,315
93$159,291,886$47,354,834$32,636,760$101,077,680
94$175,413,233$49,548,796$33,603,666$109,858,142
95$193,174,976$51,846,279$34,598,982$119,475,011
96$212,744,308$54,252,232$35,623,533$130,011,180
97$234,305,475$56,771,839$36,678,169$141,557,892
98$258,061,510$59,410,536$37,763,764$154,215,586
99$284,236,153$62,174,020$38,881,219$168,094,835
100$313,075,958$65,068,266$40,031,458$183,317,371