Can I retire at age 70 with 16,200,000?

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 $16,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,272,506
2 years$662,268$649,934$637,980$626,390$615,148$595,743
3 years$437,126$424,739$412,815$401,334$390,275$371,372
4 years$324,577$312,228$300,424$289,139$278,348$260,093
5 years$257,066$244,791$233,141$222,086$211,595$194,042
6 years$212,073$199,890$188,413$177,604$167,428$150,597
7 years$179,948$167,867$156,572$146,018$136,164$120,060
8 years$155,865$143,893$132,785$122,491$112,961$97,582
9 years$137,143$125,285$114,368$104,335$95,130$80,468
10 years$122,175$110,433$99,709$89,938$81,055$67,099
11 years$109,936$98,312$87,782$78,273$69,710$56,446
12 years$99,744$88,239$77,904$68,656$60,409$47,821
13 years$91,127$79,742$69,602$60,613$52,678$40,748
14 years$83,748$72,484$62,538$53,805$46,177$34,886
15 years$77,358$66,215$56,463$47,985$40,658$29,986
16 years$71,772$60,751$51,192$42,965$35,934$25,860
17 years$66,849$55,950$46,583$38,604$31,861$22,364
18 years$62,477$51,700$42,524$34,790$28,330$19,387
19 years$58,570$47,915$38,929$31,436$25,251$16,840
20 years$55,059$44,525$35,727$28,471$22,555$14,653
21 years$51,886$41,473$32,862$25,839$20,184$12,769
22 years$49,005$38,714$30,287$23,494$18,092$11,142
23 years$46,378$36,208$27,965$21,396$16,240$9,733
24 years$43,974$33,925$25,863$19,515$14,597$8,511
25 years$41,766$31,837$23,954$17,822$13,135$7,448
26 years$39,731$29,921$22,216$16,295$11,832$6,523
27 years$37,850$28,159$20,630$14,916$10,667$5,716
28 years$36,106$26,534$19,178$13,666$9,625$5,012
29 years$34,486$25,032$17,847$12,532$8,691$4,397
30 years$32,976$23,640$16,624$11,501$7,853$3,859
31 years$31,567$22,348$15,498$10,563$7,100$3,388
32 years$30,248$21,146$14,460$9,708$6,423$2,975
33 years$29,012$20,025$13,501$8,927$5,812$2,614
34 years$27,851$18,979$12,615$8,214$5,262$2,296
35 years$26,759$18,002$11,794$7,561$4,766$2,018
36 years$25,729$17,086$11,033$6,964$4,319$1,774
37 years$24,758$16,228$10,327$6,416$3,914$1,560
38 years$23,840$15,422$9,670$5,914$3,549$1,372
39 years$22,971$14,665$9,060$5,453$3,218$1,206
40 years$22,148$13,953$8,492$5,029$2,919$1,061
41 years$21,367$13,282$7,963$4,640$2,648$933
42 years$20,625$12,649$7,469$4,282$2,403$821
43 years$19,919$12,052$7,009$3,953$2,181$722
44 years$19,248$11,488$6,579$3,650$1,979$636
45 years$18,608$10,955$6,178$3,371$1,797$559
46 years$17,998$10,451$5,802$3,114$1,631$492
47 years$17,415$9,973$5,451$2,877$1,481$433
48 years$16,858$9,521$5,122$2,658$1,345$381
49 years$16,326$9,092$4,815$2,457$1,222$335
50 years$15,817$8,685$4,527$2,271$1,110$295

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,200,000, adding $4,973 every year, while hoping to spend $48,026 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: 36/39/25 Blend
69$16,200,000$16,200,000$16,200,000$16,200,000
70$17,857,530$16,998,930$16,747,830$18,365,762
71$19,627,898$17,780,778$17,257,783$19,523,334
72$21,577,235$18,599,327$17,783,209$20,767,412
73$23,723,744$19,456,325$18,324,578$22,109,564
74$26,087,484$20,353,603$18,882,369$23,558,622
75$28,690,559$21,293,081$19,457,080$25,124,268
76$31,557,325$22,276,771$20,049,222$26,817,121
77$34,714,622$23,306,783$20,659,320$28,648,826
78$38,192,024$24,385,326$21,287,918$30,632,163
79$42,022,122$25,514,718$21,935,574$32,781,151
80$46,240,826$26,697,387$22,602,864$35,111,181
81$50,887,710$27,935,879$23,290,380$37,639,146
82$56,006,382$29,232,863$23,998,733$40,383,596
83$61,644,894$30,591,134$24,728,552$43,364,901
84$67,856,199$32,013,625$25,480,484$46,605,436
85$74,698,648$33,503,410$26,255,197$50,129,779
86$82,236,543$35,063,709$27,053,379$53,964,936
87$90,540,739$36,697,900$27,875,736$58,140,582
88$99,689,319$38,409,522$28,722,998$62,689,329
89$109,768,328$40,202,287$29,595,917$67,647,027
90$120,872,582$42,080,084$30,495,265$73,053,082
91$133,106,569$44,046,991$31,421,840$78,950,821
92$146,585,430$46,107,284$32,376,462$85,387,884
93$161,436,047$48,265,444$33,359,976$92,416,659
94$177,798,242$50,526,169$34,373,254$100,094,764
95$195,826,096$52,894,385$35,417,191$108,485,574
96$215,689,403$55,375,255$36,492,713$117,658,799
97$237,575,273$57,974,193$37,600,769$127,691,131
98$261,689,896$60,696,874$38,742,340$138,666,945
99$288,260,491$63,549,247$39,918,434$150,679,078
100$317,537,452$66,537,550$41,130,092$163,829,687