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

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 $16,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,346,039$1,334,049$1,322,351$1,310,934$1,299,785$1,269,910
2 years$666,356$653,946$641,918$630,257$618,945$589,012
3 years$439,824$427,361$415,363$403,811$392,684$363,628
4 years$326,581$314,155$302,278$290,923$280,066$252,109
5 years$258,653$246,302$234,580$223,457$212,901$186,124
6 years$213,382$201,124$189,576$178,700$168,462$142,890
7 years$181,058$168,903$157,538$146,919$137,004$112,643
8 years$156,827$144,781$133,605$123,247$113,658$90,498
9 years$137,990$126,058$115,074$104,979$95,717$73,740
10 years$122,929$111,114$100,324$90,493$81,556$60,738
11 years$110,615$98,918$88,324$78,756$70,140$50,454
12 years$100,360$88,784$78,385$69,080$60,782$42,195
13 years$91,690$80,235$70,032$60,987$53,003$35,481
14 years$84,265$72,931$62,924$54,137$46,462$29,969
15 years$77,835$66,624$56,812$48,281$40,909$25,406
16 years$72,215$61,126$51,508$43,230$36,156$21,603
17 years$67,261$56,295$46,870$38,842$32,058$18,417
18 years$62,863$52,019$42,787$35,005$28,505$15,734
19 years$58,932$48,211$39,169$31,630$25,407$13,467
20 years$55,399$44,800$35,948$28,647$22,694$11,543
21 years$52,206$41,729$33,065$25,999$20,308$9,908
22 years$49,307$38,953$30,474$23,639$18,204$8,513
23 years$46,665$36,432$28,138$21,528$16,341$7,322
24 years$44,246$34,134$26,023$19,635$14,687$6,302
25 years$42,024$32,033$24,102$17,932$13,216$5,429
26 years$39,976$30,106$22,353$16,396$11,905$4,679
27 years$38,084$28,333$20,757$15,008$10,733$4,035
28 years$36,329$26,698$19,296$13,750$9,685$3,481
29 years$34,699$25,187$17,957$12,609$8,745$3,004
30 years$33,180$23,786$16,726$11,572$7,902$2,593
31 years$31,762$22,486$15,593$10,628$7,144$2,239
32 years$30,435$21,276$14,549$9,768$6,462$1,934
33 years$29,191$20,149$13,584$8,982$5,848$1,671
34 years$28,023$19,097$12,692$8,264$5,295$1,444
35 years$26,924$18,113$11,867$7,608$4,796$1,248
36 years$25,888$17,192$11,101$7,007$4,345$1,078
37 years$24,911$16,328$10,390$6,456$3,938$932
38 years$23,987$15,518$9,730$5,950$3,570$806
39 years$23,113$14,756$9,116$5,486$3,238$697
40 years$22,285$14,039$8,544$5,060$2,937$602
41 years$21,499$13,364$8,012$4,669$2,664$521
42 years$20,752$12,727$7,515$4,309$2,418$450
43 years$20,042$12,126$7,052$3,978$2,194$390
44 years$19,367$11,559$6,620$3,673$1,992$337
45 years$18,723$11,023$6,216$3,392$1,808$291
46 years$18,109$10,515$5,838$3,133$1,642$252
47 years$17,523$10,035$5,485$2,895$1,491$218
48 years$16,963$9,579$5,154$2,675$1,354$189
49 years$16,427$9,148$4,845$2,472$1,229$163
50 years$15,914$8,738$4,555$2,285$1,117$141

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 $4,570 every year, while hoping to spend $45,682 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: 58/27/15 Blend
69$16,300,000$16,300,000$16,300,000$16,300,000
70$17,967,314$17,103,414$16,850,764$18,940,113
71$19,751,375$17,892,876$17,366,659$20,388,117
72$21,715,879$18,719,491$17,898,306$21,960,408
73$23,879,182$19,585,030$18,446,184$23,673,309
74$26,261,514$20,491,352$19,010,786$25,540,352
75$28,885,164$21,440,403$19,592,622$27,576,413
76$31,774,692$22,434,224$20,192,217$29,797,850
77$34,957,165$23,474,955$20,810,110$32,222,652
78$38,462,405$24,564,837$21,446,858$34,870,604
79$42,323,277$25,706,222$22,103,035$37,763,465
80$46,575,997$26,901,572$22,779,232$40,925,171
81$51,260,469$28,153,470$23,476,057$44,382,056
82$56,420,671$29,464,623$24,194,138$48,163,090
83$62,105,059$30,837,869$24,934,121$52,300,150
84$68,367,033$32,276,183$25,696,673$56,828,314
85$75,265,437$33,782,683$26,482,478$61,786,181
86$82,865,115$35,360,637$27,292,245$67,216,232
87$91,237,522$37,013,474$28,126,700$73,165,223
88$100,461,400$38,744,785$28,986,595$79,684,616
89$110,623,520$40,558,336$29,872,703$86,831,058
90$121,819,499$42,458,075$30,785,819$94,666,907
91$134,154,709$44,448,142$31,726,765$103,260,810
92$147,745,263$46,532,875$32,696,386$112,688,343
93$162,719,118$48,716,823$33,695,552$123,032,714
94$179,217,276$51,004,755$34,725,161$134,385,538
95$197,395,121$53,401,672$35,786,137$146,847,688
96$217,423,884$55,912,814$36,879,434$160,530,241
97$239,492,257$58,543,679$38,006,031$175,555,510
98$263,808,174$61,300,026$39,166,940$192,058,187
99$290,600,778$64,187,897$40,363,202$210,186,603
100$320,122,578$67,213,625$41,595,890$230,104,114