Can I retire at age 70 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,276,172
2 years$674,532$661,969$649,794$637,990$626,540$587,016
3 years$445,221$432,604$420,460$408,766$397,502$359,255
4 years$330,588$318,010$305,987$294,493$283,502$246,824
5 years$261,826$249,324$237,459$226,199$215,514$180,505
6 years$216,000$203,592$191,902$180,893$170,529$137,220
7 years$183,280$170,976$159,471$148,722$138,686$107,075
8 years$158,751$146,558$135,244$124,759$115,053$85,122
9 years$139,683$127,605$116,486$106,267$96,891$68,608
10 years$124,437$112,478$101,555$91,603$82,556$55,881
11 years$111,972$100,132$89,407$79,722$71,001$45,887
12 years$101,592$89,873$79,347$69,927$61,528$37,925
13 years$92,815$81,219$70,891$61,735$53,654$31,506
14 years$85,299$73,826$63,696$54,802$47,032$26,284
15 years$78,790$67,441$57,509$48,873$41,411$22,002
16 years$73,101$61,876$52,140$43,761$36,599$18,470
17 years$68,087$56,986$47,446$39,319$32,451$15,541
18 years$63,634$52,657$43,312$35,434$28,854$13,102
19 years$59,655$48,802$39,650$32,018$25,718$11,063
20 years$56,078$45,349$36,389$28,998$22,972$9,354
21 years$52,846$42,241$33,470$26,318$20,558$7,919
22 years$49,912$39,431$30,848$23,929$18,427$6,709
23 years$47,237$36,879$28,483$21,793$16,541$5,690
24 years$44,789$34,553$26,342$19,876$14,867$4,828
25 years$42,540$32,426$24,398$18,152$13,378$4,099
26 years$40,467$30,475$22,628$16,597$12,051$3,482
27 years$38,551$28,681$21,012$15,192$10,865$2,959
28 years$36,775$27,026$19,533$13,919$9,804$2,516
29 years$35,124$25,496$18,177$12,764$8,852$2,139
30 years$33,587$24,078$16,932$11,714$7,999$1,820
31 years$32,151$22,762$15,785$10,759$7,232$1,548
32 years$30,808$21,537$14,727$9,887$6,541$1,317
33 years$29,549$20,396$13,751$9,092$5,920$1,121
34 years$28,367$19,331$12,848$8,366$5,360$954
35 years$27,254$18,335$12,012$7,701$4,855$812
36 years$26,206$17,403$11,237$7,092$4,399$691
37 years$25,216$16,529$10,518$6,535$3,987$589
38 years$24,281$15,708$9,849$6,023$3,614$501
39 years$23,397$14,937$9,228$5,554$3,277$427
40 years$22,558$14,211$8,649$5,123$2,973$363
41 years$21,763$13,528$8,110$4,726$2,697$310
42 years$21,007$12,883$7,608$4,362$2,447$264
43 years$20,288$12,275$7,139$4,026$2,221$224
44 years$19,604$11,701$6,701$3,718$2,016$191
45 years$18,953$11,158$6,292$3,433$1,830$163
46 years$18,331$10,644$5,910$3,171$1,662$139
47 years$17,738$10,158$5,552$2,930$1,509$118
48 years$17,171$9,697$5,217$2,707$1,370$101
49 years$16,629$9,260$4,904$2,502$1,245$86
50 years$16,110$8,846$4,610$2,313$1,130$73

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,500,000, adding $2,117 every year, while hoping to spend $34,286 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: 52/41/7 Blend
69$16,500,000$16,500,000$16,500,000$16,500,000
70$18,185,184$17,310,684$17,054,934$19,099,664
71$20,003,592$18,122,427$17,589,794$20,532,420
72$22,006,330$18,972,797$18,141,423$22,085,799
73$24,212,161$19,863,649$18,710,346$23,774,223
74$26,641,764$20,796,931$19,297,106$25,610,420
75$29,317,926$21,774,683$19,902,260$27,608,363
76$32,265,755$22,799,043$20,526,387$29,783,405
77$35,512,921$23,872,255$21,170,080$32,152,408
78$39,089,914$24,996,670$21,833,952$34,733,900
79$43,030,332$26,174,754$22,518,637$37,548,241
80$47,371,200$27,409,091$23,224,785$40,617,805
81$52,153,318$28,702,392$23,953,071$43,967,188
82$57,421,644$30,057,497$24,704,187$47,623,425
83$63,225,724$31,477,387$25,478,849$51,616,240
84$69,620,152$32,965,183$26,277,795$55,978,315
85$76,665,093$34,524,162$27,101,786$60,745,591
86$84,426,843$36,157,757$27,951,607$65,957,591
87$92,978,462$37,869,568$28,828,067$71,657,790
88$102,400,459$39,663,371$29,732,001$77,894,005
89$112,781,553$41,543,123$30,664,270$84,718,841
90$124,219,510$43,512,975$31,625,762$92,190,173
91$136,822,067$45,577,278$32,617,392$100,371,674
92$150,707,949$47,740,595$33,640,105$109,333,410
93$166,007,986$50,007,710$34,694,875$119,152,480
94$182,866,353$52,383,641$35,782,706$129,913,734
95$201,441,929$54,873,647$36,904,635$141,710,552
96$221,909,795$57,483,245$38,061,729$154,645,712
97$244,462,888$60,218,218$39,255,090$168,832,343
98$269,313,822$63,084,630$40,485,856$184,394,972
99$296,696,897$66,088,842$41,755,197$201,470,681
100$326,870,308$69,237,522$43,064,323$220,210,384