Can I retire at age 70 with 16,300,000?

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,281,949
2 years$666,356$653,946$641,918$630,257$618,945$601,008
3 years$439,824$427,361$415,363$403,811$392,684$375,202
4 years$326,581$314,155$302,278$290,923$280,066$263,174
5 years$258,653$246,302$234,580$223,457$212,901$196,649
6 years$213,382$201,124$189,576$178,700$168,462$152,868
7 years$181,058$168,903$157,538$146,919$137,004$122,075
8 years$156,827$144,781$133,605$123,247$113,658$99,391
9 years$137,990$126,058$115,074$104,979$95,717$82,106
10 years$122,929$111,114$100,324$90,493$81,556$68,590
11 years$110,615$98,918$88,324$78,756$70,140$57,808
12 years$100,360$88,784$78,385$69,080$60,782$49,069
13 years$91,690$80,235$70,032$60,987$53,003$41,894
14 years$84,265$72,931$62,924$54,137$46,462$35,940
15 years$77,835$66,624$56,812$48,281$40,909$30,955
16 years$72,215$61,126$51,508$43,230$36,156$26,751
17 years$67,261$56,295$46,870$38,842$32,058$23,184
18 years$62,863$52,019$42,787$35,005$28,505$20,141
19 years$58,932$48,211$39,169$31,630$25,407$17,533
20 years$55,399$44,800$35,948$28,647$22,694$15,291
21 years$52,206$41,729$33,065$25,999$20,308$13,355
22 years$49,307$38,953$30,474$23,639$18,204$11,680
23 years$46,665$36,432$28,138$21,528$16,341$10,227
24 years$44,246$34,134$26,023$19,635$14,687$8,963
25 years$42,024$32,033$24,102$17,932$13,216$7,862
26 years$39,976$30,106$22,353$16,396$11,905$6,902
27 years$38,084$28,333$20,757$15,008$10,733$6,063
28 years$36,329$26,698$19,296$13,750$9,685$5,329
29 years$34,699$25,187$17,957$12,609$8,745$4,686
30 years$33,180$23,786$16,726$11,572$7,902$4,123
31 years$31,762$22,486$15,593$10,628$7,144$3,629
32 years$30,435$21,276$14,549$9,768$6,462$3,195
33 years$29,191$20,149$13,584$8,982$5,848$2,813
34 years$28,023$19,097$12,692$8,264$5,295$2,478
35 years$26,924$18,113$11,867$7,608$4,796$2,184
36 years$25,888$17,192$11,101$7,007$4,345$1,925
37 years$24,911$16,328$10,390$6,456$3,938$1,696
38 years$23,987$15,518$9,730$5,950$3,570$1,495
39 years$23,113$14,756$9,116$5,486$3,238$1,319
40 years$22,285$14,039$8,544$5,060$2,937$1,163
41 years$21,499$13,364$8,012$4,669$2,664$1,025
42 years$20,752$12,727$7,515$4,309$2,418$904
43 years$20,042$12,126$7,052$3,978$2,194$798
44 years$19,367$11,559$6,620$3,673$1,992$704
45 years$18,723$11,023$6,216$3,392$1,808$621
46 years$18,109$10,515$5,838$3,133$1,642$548
47 years$17,523$10,035$5,485$2,895$1,491$483
48 years$16,963$9,579$5,154$2,675$1,354$426
49 years$16,427$9,148$4,845$2,472$1,229$376
50 years$15,914$8,738$4,555$2,285$1,117$332

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,300,000, adding $3,031 every year, while hoping to spend $22,235 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: 71/13/16 Blend
69$16,300,000$16,300,000$16,300,000$16,300,000
70$17,965,726$17,101,826$16,849,176$19,174,837
71$19,774,573$17,916,158$17,389,966$20,792,843
72$21,767,176$18,769,647$17,948,127$22,560,646
73$23,962,256$19,664,188$18,524,217$24,495,437
74$26,380,442$20,601,768$19,118,814$26,613,720
75$29,044,464$21,584,472$19,732,512$28,933,666
76$31,979,373$22,614,485$20,365,924$31,475,273
77$35,212,773$23,694,098$21,019,686$34,260,555
78$38,775,082$24,825,715$21,694,452$37,313,750
79$42,699,820$26,011,855$22,390,896$40,661,540
80$47,023,926$27,255,161$23,109,716$44,333,301
81$51,788,107$28,558,404$23,851,631$48,361,380
82$57,037,217$29,924,489$24,617,384$52,781,393
83$62,820,688$31,356,464$25,407,742$57,632,557
84$69,192,993$32,857,525$26,223,495$62,958,059
85$76,214,157$34,431,023$27,065,461$68,805,457
86$83,950,329$36,080,471$27,934,483$75,227,127
87$92,474,405$37,809,556$28,831,430$82,280,748
88$101,866,712$39,622,142$29,757,200$90,029,847
89$112,215,771$41,522,282$30,712,721$98,544,392
90$123,619,133$43,514,226$31,698,950$107,901,444
91$136,184,294$45,602,433$32,716,875$118,185,883
92$150,029,715$47,791,576$33,767,514$129,491,201
93$165,285,940$50,086,557$34,851,920$141,920,381
94$182,096,826$52,492,519$35,971,179$155,586,860
95$200,620,902$55,014,851$37,126,412$170,615,595
96$221,032,864$57,659,209$38,318,778$187,144,236
97$243,525,228$60,431,523$39,549,469$205,324,415
98$268,310,145$63,338,010$40,819,719$225,323,176
99$295,621,401$66,385,194$42,130,801$247,324,539
100$325,716,629$69,579,914$43,484,029$271,531,231