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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$1,337,781$1,325,865$1,314,239$1,302,891$1,291,811$1,284,747
2 years$662,268$649,934$637,980$626,390$615,148$608,020
3 years$437,126$424,739$412,815$401,334$390,275$383,304
4 years$324,577$312,228$300,424$289,139$278,348$271,587
5 years$257,066$244,791$233,141$222,086$211,595$205,065
6 years$212,073$199,890$188,413$177,604$167,428$161,137
7 years$179,948$167,867$156,572$146,018$136,164$130,114
8 years$155,865$143,893$132,785$122,491$112,961$107,154
9 years$137,143$125,285$114,368$104,335$95,130$89,563
10 years$122,175$110,433$99,709$89,938$81,055$75,727
11 years$109,936$98,312$87,782$78,273$69,710$64,617
12 years$99,744$88,239$77,904$68,656$60,409$55,546
13 years$91,127$79,742$69,602$60,613$52,678$48,041
14 years$83,748$72,484$62,538$53,805$46,177$41,760
15 years$77,358$66,215$56,463$47,985$40,658$36,456
16 years$71,772$60,751$51,192$42,965$35,934$31,940
17 years$66,849$55,950$46,583$38,604$31,861$28,070
18 years$62,477$51,700$42,524$34,790$28,330$24,735
19 years$58,570$47,915$38,929$31,436$25,251$21,846
20 years$55,059$44,525$35,727$28,471$22,555$19,332
21 years$51,886$41,473$32,862$25,839$20,184$17,138
22 years$49,005$38,714$30,287$23,494$18,092$15,216
23 years$46,378$36,208$27,965$21,396$16,240$13,527
24 years$43,974$33,925$25,863$19,515$14,597$12,040
25 years$41,766$31,837$23,954$17,822$13,135$10,727
26 years$39,731$29,921$22,216$16,295$11,832$9,566
27 years$37,850$28,159$20,630$14,916$10,667$8,538
28 years$36,106$26,534$19,178$13,666$9,625$7,625
29 years$34,486$25,032$17,847$12,532$8,691$6,815
30 years$32,976$23,640$16,624$11,501$7,853$6,094
31 years$31,567$22,348$15,498$10,563$7,100$5,452
32 years$30,248$21,146$14,460$9,708$6,423$4,880
33 years$29,012$20,025$13,501$8,927$5,812$4,370
34 years$27,851$18,979$12,615$8,214$5,262$3,914
35 years$26,759$18,002$11,794$7,561$4,766$3,507
36 years$25,729$17,086$11,033$6,964$4,319$3,143
37 years$24,758$16,228$10,327$6,416$3,914$2,818
38 years$23,840$15,422$9,670$5,914$3,549$2,527
39 years$22,971$14,665$9,060$5,453$3,218$2,266
40 years$22,148$13,953$8,492$5,029$2,919$2,033
41 years$21,367$13,282$7,963$4,640$2,648$1,824
42 years$20,625$12,649$7,469$4,282$2,403$1,637
43 years$19,919$12,052$7,009$3,953$2,181$1,469
44 years$19,248$11,488$6,579$3,650$1,979$1,318
45 years$18,608$10,955$6,178$3,371$1,797$1,183
46 years$17,998$10,451$5,802$3,114$1,631$1,062
47 years$17,415$9,973$5,451$2,877$1,481$954
48 years$16,858$9,521$5,122$2,658$1,345$856
49 years$16,326$9,092$4,815$2,457$1,222$769
50 years$15,817$8,685$4,527$2,271$1,110$691

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 $6,471 every year, while hoping to spend $35,680 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: 52/39/9 Blend
69$16,200,000$16,200,000$16,200,000$16,200,000
70$17,859,075$17,000,475$16,749,375$18,746,470
71$19,642,737$17,795,535$17,272,516$20,145,862
72$21,607,137$18,628,357$17,811,986$21,662,526
73$23,770,673$19,500,754$18,368,295$23,311,063
74$26,153,616$20,414,626$18,941,968$25,103,915
75$28,778,308$21,371,965$19,533,546$27,054,749
76$31,669,364$22,374,860$20,143,589$29,178,580
77$34,853,912$23,425,501$20,772,671$31,491,899
78$38,361,843$24,526,182$21,421,388$34,012,832
79$42,226,097$25,679,311$22,090,350$36,761,296
80$46,482,972$26,887,411$22,780,191$39,759,183
81$51,172,468$28,153,127$23,491,560$43,030,555
82$56,338,662$29,479,232$24,225,129$46,601,869
83$62,030,125$30,868,635$24,981,591$50,502,213
84$68,300,383$32,324,383$25,761,659$54,763,571
85$75,208,417$33,849,673$26,566,070$59,421,119
86$82,819,225$35,447,856$27,395,583$64,513,545
87$91,204,431$37,122,446$28,250,980$70,083,403
88$100,442,964$38,877,126$29,133,068$76,177,504
89$110,621,801$40,715,760$30,042,681$82,847,348
90$121,836,789$42,642,398$30,980,676$90,149,597
91$134,193,551$44,661,284$31,947,938$98,146,594
92$147,808,479$46,776,873$32,945,379$106,906,945
93$162,809,836$48,993,832$33,973,941$116,506,146
94$179,338,965$51,317,055$35,034,594$127,027,287
95$197,551,625$53,751,677$36,128,339$138,561,816
96$217,619,459$56,303,077$37,256,207$151,210,389
97$239,731,616$58,976,900$38,419,261$165,083,803
98$264,096,534$61,779,061$39,618,600$180,304,026
99$290,943,911$64,715,766$40,855,353$197,005,326
100$320,526,871$67,793,519$42,130,689$215,335,525