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%16.2%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,282,365
2 years$674,532$661,969$649,794$637,990$626,540$593,138
3 years$445,221$432,604$420,460$408,766$397,502$365,113
4 years$330,588$318,010$305,987$294,493$283,502$252,373
5 years$261,826$249,324$237,459$226,199$215,514$185,732
6 years$216,000$203,592$191,902$180,893$170,529$142,123
7 years$183,280$170,976$159,471$148,722$138,686$111,659
8 years$158,751$146,558$135,244$124,759$115,053$89,394
9 years$139,683$127,605$116,486$106,267$96,891$72,577
10 years$124,437$112,478$101,555$91,603$82,556$59,558
11 years$111,972$100,132$89,407$79,722$71,001$49,285
12 years$101,592$89,873$79,347$69,927$61,528$41,056
13 years$92,815$81,219$70,891$61,735$53,654$34,385
14 years$85,299$73,826$63,696$54,802$47,032$28,924
15 years$78,790$67,441$57,509$48,873$41,411$24,417
16 years$73,101$61,876$52,140$43,761$36,599$20,674
17 years$68,087$56,986$47,446$39,319$32,451$17,549
18 years$63,634$52,657$43,312$35,434$28,854$14,926
19 years$59,655$48,802$39,650$32,018$25,718$12,718
20 years$56,078$45,349$36,389$28,998$22,972$10,852
21 years$52,846$42,241$33,470$26,318$20,558$9,272
22 years$49,912$39,431$30,848$23,929$18,427$7,930
23 years$47,237$36,879$28,483$21,793$16,541$6,788
24 years$44,789$34,553$26,342$19,876$14,867$5,815
25 years$42,540$32,426$24,398$18,152$13,378$4,985
26 years$40,467$30,475$22,628$16,597$12,051$4,276
27 years$38,551$28,681$21,012$15,192$10,865$3,669
28 years$36,775$27,026$19,533$13,919$9,804$3,150
29 years$35,124$25,496$18,177$12,764$8,852$2,705
30 years$33,587$24,078$16,932$11,714$7,999$2,324
31 years$32,151$22,762$15,785$10,759$7,232$1,997
32 years$30,808$21,537$14,727$9,887$6,541$1,716
33 years$29,549$20,396$13,751$9,092$5,920$1,475
34 years$28,367$19,331$12,848$8,366$5,360$1,268
35 years$27,254$18,335$12,012$7,701$4,855$1,090
36 years$26,206$17,403$11,237$7,092$4,399$938
37 years$25,216$16,529$10,518$6,535$3,987$806
38 years$24,281$15,708$9,849$6,023$3,614$694
39 years$23,397$14,937$9,228$5,554$3,277$597
40 years$22,558$14,211$8,649$5,123$2,973$513
41 years$21,763$13,528$8,110$4,726$2,697$442
42 years$21,007$12,883$7,608$4,362$2,447$380
43 years$20,288$12,275$7,139$4,026$2,221$327
44 years$19,604$11,701$6,701$3,718$2,016$281
45 years$18,953$11,158$6,292$3,433$1,830$242
46 years$18,331$10,644$5,910$3,171$1,662$208
47 years$17,738$10,158$5,552$2,930$1,509$179
48 years$17,171$9,697$5,217$2,707$1,370$154
49 years$16,629$9,260$4,904$2,502$1,245$133
50 years$16,110$8,846$4,610$2,313$1,130$114

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 $5,708 every year, while hoping to spend $23,179 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: 62/12/26 Blend
69$16,500,000$16,500,000$16,500,000$16,500,000
70$18,188,888$17,314,388$17,058,638$19,190,279
71$20,019,492$18,138,131$17,605,440$20,694,023
72$22,036,041$19,001,460$18,169,783$22,332,191
73$24,257,477$19,906,291$18,752,230$24,120,436
74$26,704,672$20,854,632$19,353,363$26,073,430
75$29,400,629$21,848,589$19,973,781$28,207,314
76$32,370,694$22,890,371$20,614,103$30,539,850
77$35,642,799$23,982,293$21,274,970$33,090,586
78$39,247,722$25,126,783$21,957,039$35,881,034
79$43,219,383$26,326,388$22,660,993$38,934,872
80$47,595,157$27,583,779$23,387,533$42,278,163
81$52,416,233$28,901,754$24,137,385$45,939,594
82$57,728,000$30,283,251$24,911,299$49,950,749
83$63,580,474$31,731,348$25,710,045$54,346,396
84$70,028,773$33,249,275$26,534,423$59,164,815
85$77,133,636$34,840,418$27,385,254$64,448,152
86$84,961,996$36,508,327$28,263,389$70,242,814
87$93,587,612$38,256,727$29,169,705$76,599,901
88$103,091,764$40,089,523$30,105,106$83,575,681
89$113,564,024$42,010,809$31,070,527$91,232,120
90$125,103,096$44,024,881$32,066,931$99,637,457
91$137,817,754$46,136,242$33,095,315$108,866,843
92$151,827,862$48,349,615$34,156,705$119,003,048
93$167,265,511$50,669,953$35,252,162$130,137,227
94$184,276,263$53,102,451$36,382,780$142,369,784
95$203,020,527$55,652,556$37,549,688$155,811,306
96$223,675,070$58,325,980$38,754,052$170,583,598
97$246,434,690$61,128,716$39,997,075$186,820,833
98$271,514,051$64,067,046$41,280,000$204,670,803
99$299,149,712$67,147,559$42,604,107$224,296,308
100$329,602,359$70,377,166$43,970,722$245,876,684