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%19.1%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,267,538
2 years$674,532$661,969$649,794$637,990$626,540$578,520
3 years$445,221$432,604$420,460$408,766$397,502$351,169
4 years$330,588$318,010$305,987$294,493$283,502$239,208
5 years$261,826$249,324$237,459$226,199$215,514$173,375
6 years$216,000$203,592$191,902$180,893$170,529$130,575
7 years$183,280$170,976$159,471$148,722$138,686$100,907
8 years$158,751$146,558$135,244$124,759$115,053$79,416
9 years$139,683$127,605$116,486$106,267$96,891$63,348
10 years$124,437$112,478$101,555$91,603$82,556$51,047
11 years$111,972$100,132$89,407$79,722$71,001$41,458
12 years$101,592$89,873$79,347$69,927$61,528$33,879
13 years$92,815$81,219$70,891$61,735$53,654$27,822
14 years$85,299$73,826$63,696$54,802$47,032$22,937
15 years$78,790$67,441$57,509$48,873$41,411$18,971
16 years$73,101$61,876$52,140$43,761$36,599$15,731
17 years$68,087$56,986$47,446$39,319$32,451$13,072
18 years$63,634$52,657$43,312$35,434$28,854$10,881
19 years$59,655$48,802$39,650$32,018$25,718$9,071
20 years$56,078$45,349$36,389$28,998$22,972$7,571
21 years$52,846$42,241$33,470$26,318$20,558$6,325
22 years$49,912$39,431$30,848$23,929$18,427$5,288
23 years$47,237$36,879$28,483$21,793$16,541$4,425
24 years$44,789$34,553$26,342$19,876$14,867$3,704
25 years$42,540$32,426$24,398$18,152$13,378$3,103
26 years$40,467$30,475$22,628$16,597$12,051$2,600
27 years$38,551$28,681$21,012$15,192$10,865$2,179
28 years$36,775$27,026$19,533$13,919$9,804$1,827
29 years$35,124$25,496$18,177$12,764$8,852$1,532
30 years$33,587$24,078$16,932$11,714$7,999$1,285
31 years$32,151$22,762$15,785$10,759$7,232$1,078
32 years$30,808$21,537$14,727$9,887$6,541$905
33 years$29,549$20,396$13,751$9,092$5,920$759
34 years$28,367$19,331$12,848$8,366$5,360$637
35 years$27,254$18,335$12,012$7,701$4,855$535
36 years$26,206$17,403$11,237$7,092$4,399$449
37 years$25,216$16,529$10,518$6,535$3,987$377
38 years$24,281$15,708$9,849$6,023$3,614$316
39 years$23,397$14,937$9,228$5,554$3,277$265
40 years$22,558$14,211$8,649$5,123$2,973$223
41 years$21,763$13,528$8,110$4,726$2,697$187
42 years$21,007$12,883$7,608$4,362$2,447$157
43 years$20,288$12,275$7,139$4,026$2,221$132
44 years$19,604$11,701$6,701$3,718$2,016$111
45 years$18,953$11,158$6,292$3,433$1,830$93
46 years$18,331$10,644$5,910$3,171$1,662$78
47 years$17,738$10,158$5,552$2,930$1,509$66
48 years$17,171$9,697$5,217$2,707$1,370$55
49 years$16,629$9,260$4,904$2,502$1,245$46
50 years$16,110$8,846$4,610$2,313$1,130$39

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 $2,945 every year, while hoping to spend $32,984 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: 40/47/13 Blend
69$16,500,000$16,500,000$16,500,000$16,500,000
70$18,186,038$17,311,538$17,055,788$18,842,836
71$20,005,919$18,124,708$17,592,062$20,120,608
72$22,010,322$18,976,619$18,145,196$21,498,559
73$24,218,035$19,869,133$18,715,719$22,988,485
74$26,649,758$20,804,203$19,304,179$24,600,549
75$29,328,303$21,783,879$19,911,139$26,345,892
76$32,278,808$22,810,308$20,537,181$28,236,732
77$35,528,974$23,885,741$21,182,904$30,286,470
78$39,109,326$25,012,538$21,848,927$32,509,808
79$43,053,499$26,193,175$22,535,889$34,922,880
80$47,398,562$27,430,246$23,244,447$37,543,391
81$52,185,359$28,726,472$23,975,280$40,390,781
82$57,458,903$30,084,706$24,729,089$43,486,390
83$63,268,793$31,507,939$25,506,595$46,853,653
84$69,669,688$32,999,306$26,308,544$50,518,312
85$76,721,819$34,562,095$27,135,704$54,508,639
86$84,491,562$36,199,755$27,988,867$58,855,700
87$93,052,058$37,915,899$28,868,850$63,593,628
88$102,483,909$39,714,319$29,776,497$68,759,933
89$112,875,935$41,598,989$30,712,678$74,395,845
90$124,326,016$43,574,075$31,678,289$80,546,684
91$136,942,013$45,643,948$32,674,254$87,262,274
92$150,842,786$47,813,189$33,701,529$94,597,395
93$166,159,317$50,086,602$34,761,098$102,612,286
94$183,035,948$52,469,226$35,853,975$111,373,192
95$201,631,738$54,966,342$36,981,207$120,952,973
96$222,121,973$57,583,490$38,143,874$131,431,770
97$244,699,810$60,326,477$39,343,090$142,897,740
98$269,578,112$63,201,395$40,580,005$155,447,870
99$296,991,445$66,214,630$41,855,801$169,188,867
100$327,198,305$69,372,879$43,171,703$184,238,139