Can I retire at age 70 with 16,400,000?

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,278,742
2 years$670,444$657,958$645,856$634,123$622,742$593,659
3 years$442,523$429,982$417,912$406,289$395,093$366,852
4 years$328,585$316,083$304,133$292,708$281,784$254,602
5 years$260,239$247,813$236,019$224,828$214,208$188,161
6 years$214,691$202,358$190,739$179,797$169,495$144,612
7 years$182,169$169,940$158,505$147,821$137,845$114,129
8 years$157,789$145,670$134,425$124,003$114,356$91,799
9 years$138,836$126,832$115,780$105,623$96,304$74,890
10 years$123,683$111,796$100,940$91,048$82,056$61,762
11 years$111,293$99,525$88,866$79,239$70,571$51,370
12 years$100,976$89,329$78,866$69,503$61,155$43,017
13 years$92,252$80,727$70,462$61,361$53,328$36,220
14 years$84,782$73,379$63,310$54,470$46,747$30,635
15 years$78,313$67,033$57,160$48,577$41,160$26,007
16 years$72,658$61,501$51,824$43,496$36,377$22,146
17 years$67,674$56,640$47,158$39,081$32,255$18,907
18 years$63,249$52,338$43,049$35,219$28,679$16,177
19 years$59,294$48,506$39,409$31,824$25,563$13,866
20 years$55,738$45,075$36,168$28,823$22,833$11,904
21 years$52,526$41,985$33,268$26,158$20,433$10,232
22 years$49,610$39,192$30,661$23,784$18,315$8,806
23 years$46,951$36,655$28,310$21,660$16,441$7,586
24 years$44,517$34,343$26,182$19,756$14,777$6,540
25 years$42,282$32,230$24,250$18,042$13,297$5,642
26 years$40,222$30,291$22,491$16,497$11,978$4,870
27 years$38,317$28,507$20,885$15,100$10,799$4,207
28 years$36,552$26,862$19,415$13,835$9,744$3,635
29 years$34,912$25,341$18,067$12,687$8,799$3,142
30 years$33,383$23,932$16,829$11,643$7,950$2,717
31 years$31,956$22,624$15,689$10,693$7,188$2,350
32 years$30,621$21,407$14,638$9,827$6,502$2,033
33 years$29,370$20,273$13,668$9,037$5,884$1,759
34 years$28,195$19,214$12,770$8,315$5,327$1,523
35 years$27,089$18,224$11,939$7,654$4,825$1,318
36 years$26,047$17,297$11,169$7,049$4,372$1,141
37 years$25,064$16,428$10,454$6,495$3,962$988
38 years$24,134$15,613$9,790$5,987$3,592$856
39 years$23,255$14,846$9,172$5,520$3,258$741
40 years$22,421$14,125$8,597$5,091$2,955$642
41 years$21,631$13,446$8,061$4,698$2,681$556
42 years$20,880$12,805$7,562$4,335$2,432$482
43 years$20,165$12,201$7,096$4,002$2,208$417
44 years$19,486$11,630$6,660$3,695$2,004$361
45 years$18,838$11,090$6,254$3,413$1,819$313
46 years$18,220$10,580$5,874$3,152$1,652$271
47 years$17,630$10,096$5,518$2,912$1,500$235
48 years$17,067$9,638$5,186$2,691$1,362$204
49 years$16,528$9,204$4,874$2,487$1,237$176
50 years$16,012$8,792$4,582$2,299$1,124$153

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,400,000, adding $2,568 every year, while hoping to spend $24,226 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: 77/18/5 Blend
69$16,400,000$16,400,000$16,400,000$16,400,000
70$18,075,449$17,206,249$16,952,049$19,462,387
71$19,893,368$18,023,579$17,494,166$21,189,837
72$21,895,904$18,880,146$18,053,633$23,079,788
73$24,101,860$19,777,847$18,631,004$25,151,045
74$26,531,960$20,718,672$19,226,852$27,421,596
75$29,209,039$21,704,706$19,841,771$29,911,243
76$32,158,261$22,738,137$20,476,371$32,641,783
77$35,407,356$23,821,258$21,131,281$35,637,211
78$38,986,880$24,956,473$21,807,153$38,923,945
79$42,930,507$26,146,305$22,504,657$42,531,067
80$47,275,343$27,393,399$23,224,488$46,490,600
81$52,062,279$28,700,526$23,967,359$50,837,802
82$57,336,375$30,070,596$24,734,009$55,611,496
83$63,147,287$31,506,657$25,525,201$60,854,431
84$69,549,734$33,011,907$26,341,718$66,613,683
85$76,604,016$34,589,699$27,184,375$72,941,094
86$84,376,581$36,243,549$28,054,006$79,893,756
87$92,940,654$37,977,145$28,951,478$87,534,544
88$102,376,930$39,794,354$29,877,681$95,932,707
89$112,774,329$41,699,230$30,833,536$105,164,512
90$124,230,845$43,696,026$31,819,994$115,313,960
91$136,854,461$45,789,202$32,838,034$126,473,575
92$150,764,177$47,983,433$33,888,668$138,745,265
93$166,091,126$50,283,625$34,972,942$152,241,285
94$182,979,818$52,694,919$36,091,932$167,085,283
95$201,589,499$55,222,710$37,246,752$183,413,462
96$222,095,658$57,872,653$38,438,548$201,375,860
97$244,691,683$60,650,681$39,668,507$221,137,753
98$269,590,684$63,563,013$40,937,851$242,881,212
99$297,027,506$66,616,174$42,247,842$266,806,813
100$327,260,950$69,817,005$43,599,783$293,135,514