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

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 $16,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,354,297$1,342,233$1,330,464$1,318,976$1,307,759$1,266,404
2 years$670,444$657,958$645,856$634,123$622,742$581,453
3 years$442,523$429,982$417,912$406,289$395,093$355,164
4 years$328,585$316,083$304,133$292,708$281,784$243,522
5 years$260,239$247,813$236,019$224,828$214,208$177,715
6 years$214,691$202,358$190,739$179,797$169,495$134,803
7 years$182,169$169,940$158,505$147,821$137,845$104,950
8 years$157,789$145,670$134,425$124,003$114,356$83,236
9 years$138,836$126,832$115,780$105,623$96,304$66,925
10 years$123,683$111,796$100,940$91,048$82,056$54,373
11 years$111,293$99,525$88,866$79,239$70,571$44,534
12 years$100,976$89,329$78,866$69,503$61,155$36,709
13 years$92,252$80,727$70,462$61,361$53,328$30,414
14 years$84,782$73,379$63,310$54,470$46,747$25,302
15 years$78,313$67,033$57,160$48,577$41,160$21,121
16 years$72,658$61,501$51,824$43,496$36,377$17,679
17 years$67,674$56,640$47,158$39,081$32,255$14,832
18 years$63,249$52,338$43,049$35,219$28,679$12,467
19 years$59,294$48,506$39,409$31,824$25,563$10,495
20 years$55,738$45,075$36,168$28,823$22,833$8,847
21 years$52,526$41,985$33,268$26,158$20,433$7,466
22 years$49,610$39,192$30,661$23,784$18,315$6,306
23 years$46,951$36,655$28,310$21,660$16,441$5,331
24 years$44,517$34,343$26,182$19,756$14,777$4,509
25 years$42,282$32,230$24,250$18,042$13,297$3,816
26 years$40,222$30,291$22,491$16,497$11,978$3,231
27 years$38,317$28,507$20,885$15,100$10,799$2,737
28 years$36,552$26,862$19,415$13,835$9,744$2,319
29 years$34,912$25,341$18,067$12,687$8,799$1,966
30 years$33,383$23,932$16,829$11,643$7,950$1,667
31 years$31,956$22,624$15,689$10,693$7,188$1,413
32 years$30,621$21,407$14,638$9,827$6,502$1,199
33 years$29,370$20,273$13,668$9,037$5,884$1,017
34 years$28,195$19,214$12,770$8,315$5,327$862
35 years$27,089$18,224$11,939$7,654$4,825$732
36 years$26,047$17,297$11,169$7,049$4,372$621
37 years$25,064$16,428$10,454$6,495$3,962$527
38 years$24,134$15,613$9,790$5,987$3,592$447
39 years$23,255$14,846$9,172$5,520$3,258$379
40 years$22,421$14,125$8,597$5,091$2,955$322
41 years$21,631$13,446$8,061$4,698$2,681$273
42 years$20,880$12,805$7,562$4,335$2,432$232
43 years$20,165$12,201$7,096$4,002$2,208$197
44 years$19,486$11,630$6,660$3,695$2,004$167
45 years$18,838$11,090$6,254$3,413$1,819$142
46 years$18,220$10,580$5,874$3,152$1,652$120
47 years$17,630$10,096$5,518$2,912$1,500$102
48 years$17,067$9,638$5,186$2,691$1,362$87
49 years$16,528$9,204$4,874$2,487$1,237$74
50 years$16,012$8,792$4,582$2,299$1,124$62

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 $3,549 every year, while hoping to spend $58,622 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: 69/25/6 Blend
69$16,400,000$16,400,000$16,400,000$16,400,000
70$18,076,461$17,207,261$16,953,061$19,308,533
71$19,857,886$17,988,043$17,458,615$20,904,792
72$21,819,053$18,805,119$17,979,140$22,642,746
73$23,978,231$19,660,205$18,515,077$24,542,193
74$26,355,556$20,555,100$19,066,877$26,618,944
75$28,973,211$21,491,688$19,635,006$28,890,389
76$31,855,642$22,471,945$20,219,942$31,375,664
77$35,029,788$23,497,940$20,822,180$34,095,827
78$38,525,329$24,571,843$21,442,226$37,074,047
79$42,374,975$25,695,925$22,080,603$40,335,824
80$46,614,766$26,872,569$22,737,847$43,909,220
81$51,284,419$28,104,272$23,414,512$47,825,125
82$56,427,698$29,393,649$24,111,165$52,117,536
83$62,092,827$30,743,441$24,828,393$56,823,879
84$68,332,948$32,156,523$25,566,798$61,985,353
85$75,206,622$33,635,906$26,326,998$67,647,314
86$82,778,377$35,184,745$27,109,633$73,859,696
87$91,119,323$36,806,349$27,915,357$80,677,478
88$100,307,818$38,504,184$28,744,845$88,161,193
89$110,430,210$40,281,884$29,598,793$96,377,495
90$121,581,653$42,143,258$30,477,914$105,399,779
91$133,867,002$44,092,298$31,382,944$115,308,869
92$147,401,802$46,133,187$32,314,639$126,193,767
93$162,313,384$48,270,311$33,273,777$138,152,492
94$178,742,060$50,508,267$34,261,160$151,292,989
95$196,842,452$52,851,873$35,277,610$165,734,145
96$216,784,947$55,306,180$36,323,975$181,606,897
97$238,757,311$57,876,482$37,401,127$199,055,460
98$262,966,455$60,568,328$38,509,964$218,238,677
99$289,640,393$63,387,536$39,651,407$239,331,508
100$319,030,390$66,340,202$40,826,406$262,526,669