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%13.5%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,273,032
2 years$662,268$649,934$637,980$626,390$615,148$596,268
3 years$437,126$424,739$412,815$401,334$390,275$371,881
4 years$324,577$312,228$300,424$289,139$278,348$260,581
5 years$257,066$244,791$233,141$222,086$211,595$194,508
6 years$212,073$199,890$188,413$177,604$167,428$151,040
7 years$179,948$167,867$156,572$146,018$136,164$120,481
8 years$155,865$143,893$132,785$122,491$112,961$97,980
9 years$137,143$125,285$114,368$104,335$95,130$80,844
10 years$122,175$110,433$99,709$89,938$81,055$67,454
11 years$109,936$98,312$87,782$78,273$69,710$56,780
12 years$99,744$88,239$77,904$68,656$60,409$48,135
13 years$91,127$79,742$69,602$60,613$52,678$41,042
14 years$83,748$72,484$62,538$53,805$46,177$35,162
15 years$77,358$66,215$56,463$47,985$40,658$30,244
16 years$71,772$60,751$51,192$42,965$35,934$26,100
17 years$66,849$55,950$46,583$38,604$31,861$22,588
18 years$62,477$51,700$42,524$34,790$28,330$19,595
19 years$58,570$47,915$38,929$31,436$25,251$17,033
20 years$55,059$44,525$35,727$28,471$22,555$14,832
21 years$51,886$41,473$32,862$25,839$20,184$12,935
22 years$49,005$38,714$30,287$23,494$18,092$11,296
23 years$46,378$36,208$27,965$21,396$16,240$9,875
24 years$43,974$33,925$25,863$19,515$14,597$8,641
25 years$41,766$31,837$23,954$17,822$13,135$7,568
26 years$39,731$29,921$22,216$16,295$11,832$6,633
27 years$37,850$28,159$20,630$14,916$10,667$5,818
28 years$36,106$26,534$19,178$13,666$9,625$5,105
29 years$34,486$25,032$17,847$12,532$8,691$4,482
30 years$32,976$23,640$16,624$11,501$7,853$3,937
31 years$31,567$22,348$15,498$10,563$7,100$3,459
32 years$30,248$21,146$14,460$9,708$6,423$3,040
33 years$29,012$20,025$13,501$8,927$5,812$2,673
34 years$27,851$18,979$12,615$8,214$5,262$2,351
35 years$26,759$18,002$11,794$7,561$4,766$2,068
36 years$25,729$17,086$11,033$6,964$4,319$1,819
37 years$24,758$16,228$10,327$6,416$3,914$1,601
38 years$23,840$15,422$9,670$5,914$3,549$1,409
39 years$22,971$14,665$9,060$5,453$3,218$1,240
40 years$22,148$13,953$8,492$5,029$2,919$1,092
41 years$21,367$13,282$7,963$4,640$2,648$961
42 years$20,625$12,649$7,469$4,282$2,403$846
43 years$19,919$12,052$7,009$3,953$2,181$745
44 years$19,248$11,488$6,579$3,650$1,979$656
45 years$18,608$10,955$6,178$3,371$1,797$578
46 years$17,998$10,451$5,802$3,114$1,631$509
47 years$17,415$9,973$5,451$2,877$1,481$448
48 years$16,858$9,521$5,122$2,658$1,345$395
49 years$16,326$9,092$4,815$2,457$1,222$348
50 years$15,817$8,685$4,527$2,271$1,110$306

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 $4,750 every year, while hoping to spend $51,996 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: 55/24/21 Blend
69$16,200,000$16,200,000$16,200,000$16,200,000
70$17,857,300$16,998,700$16,747,600$18,737,350
71$19,623,421$17,776,313$17,253,321$20,117,838
72$21,567,944$18,590,286$17,774,241$21,614,527
73$23,709,010$19,442,346$18,310,815$23,243,333
74$26,066,612$20,334,303$18,863,509$25,016,927
75$28,662,776$21,268,054$19,432,806$26,949,243
76$31,521,775$22,245,585$20,019,202$29,055,603
77$34,670,358$23,268,981$20,623,207$31,352,851
78$38,137,997$24,340,423$21,245,347$33,859,517
79$41,957,171$25,462,201$21,886,163$36,595,979
80$46,163,666$26,636,713$22,546,214$39,584,652
81$50,796,920$27,866,472$23,226,072$42,850,197
82$55,900,390$29,154,113$23,926,329$46,419,745
83$61,521,962$30,502,397$24,647,594$50,323,147
84$67,714,406$31,914,219$25,390,493$54,593,252
85$74,535,872$33,392,612$26,155,670$59,266,208
86$82,050,437$34,940,756$26,943,791$64,381,798
87$90,328,712$36,561,984$27,755,539$69,983,806
88$99,448,509$38,259,790$28,591,618$76,120,428
89$109,495,573$40,037,835$29,452,753$82,844,712
90$120,564,392$41,899,960$30,339,691$90,215,056
91$132,759,089$43,850,187$31,253,200$98,295,750
92$146,194,405$45,892,734$32,194,070$107,157,571
93$160,996,780$48,032,024$33,163,118$116,878,446
94$177,305,550$50,272,692$34,161,180$127,544,174
95$195,274,258$52,619,595$35,189,122$139,249,230
96$215,072,106$55,077,829$36,247,831$152,097,642
97$236,885,550$57,652,732$37,338,223$166,203,965
98$260,920,062$60,349,902$38,461,239$181,694,349
99$287,402,068$63,175,207$39,617,851$198,707,718
100$316,581,086$66,134,800$40,809,056$217,397,072