Can I retire at age 70 with 16,700,000?

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,318,323
2 years$682,708$669,993$657,671$645,723$634,134$620,679
3 years$450,618$437,848$425,556$413,721$402,321$389,187
4 years$334,595$321,865$309,696$298,063$286,938$274,227
5 years$265,000$252,346$240,337$228,941$218,126$205,874
6 years$218,618$206,059$194,228$183,086$172,596$160,819
7 years$185,501$173,048$161,404$150,525$140,367$129,069
8 years$160,675$148,334$136,884$126,272$116,448$105,630
9 years$141,376$129,152$117,898$107,555$98,066$87,723
10 years$125,946$113,841$102,786$92,714$83,557$73,683
11 years$113,329$101,346$90,491$80,689$71,862$62,449
12 years$102,823$90,963$80,309$70,775$62,274$53,313
13 years$93,940$82,204$71,750$62,484$54,304$45,784
14 years$86,333$74,721$64,468$55,466$47,603$39,513
15 years$79,745$68,259$58,206$49,466$41,913$34,240
16 years$73,987$62,626$52,772$44,291$37,043$29,775
17 years$68,912$57,676$48,021$39,795$32,845$25,968
18 years$64,405$53,296$43,837$35,864$29,204$22,706
19 years$60,378$49,394$40,130$32,406$26,030$19,896
20 years$56,758$45,899$36,830$29,350$23,251$17,466
21 years$53,487$42,753$33,876$26,637$20,807$15,359
22 years$50,517$39,909$31,222$24,219$18,650$13,524
23 years$47,810$37,326$28,828$22,057$16,742$11,923
24 years$45,332$34,972$26,661$20,117$15,048$10,523
25 years$43,055$32,819$24,694$18,372$13,541$9,296
26 years$40,957$30,845$22,902$16,798$12,197$8,219
27 years$39,018$29,029$21,267$15,376$10,997$7,272
28 years$37,221$27,353$19,770$14,088$9,922$6,438
29 years$35,550$25,805$18,398$12,919$8,960$5,703
30 years$33,994$24,370$17,137$11,856$8,096$5,055
31 years$32,541$23,038$15,976$10,889$7,319$4,482
32 years$31,182$21,798$14,906$10,007$6,621$3,975
33 years$29,907$20,643$13,918$9,202$5,992$3,527
34 years$28,710$19,565$13,004$8,467$5,425$3,131
35 years$27,584$18,557$12,158$7,794$4,914$2,779
36 years$26,523$17,614$11,373$7,178$4,452$2,468
37 years$25,522$16,729$10,645$6,614$4,035$2,192
38 years$24,576$15,898$9,969$6,096$3,658$1,947
39 years$23,680$15,118$9,340$5,621$3,317$1,730
40 years$22,832$14,383$8,754$5,185$3,009$1,538
41 years$22,026$13,692$8,209$4,783$2,730$1,367
42 years$21,262$13,039$7,700$4,415$2,477$1,215
43 years$20,534$12,424$7,225$4,075$2,248$1,080
44 years$19,842$11,843$6,782$3,763$2,040$960
45 years$19,182$11,293$6,368$3,475$1,852$854
46 years$18,553$10,773$5,981$3,210$1,682$759
47 years$17,953$10,281$5,619$2,966$1,527$675
48 years$17,379$9,814$5,281$2,740$1,387$600
49 years$16,830$9,372$4,963$2,533$1,260$534
50 years$16,305$8,953$4,666$2,341$1,144$475

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,700,000, adding $6,958 every year, while hoping to spend $53,960 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: 50/30/20 Blend
69$16,700,000$16,700,000$16,700,000$16,700,000
70$18,410,577$17,525,477$17,266,627$19,227,988
71$20,231,043$18,326,813$17,787,646$20,595,616
72$22,235,388$19,165,605$18,324,311$22,075,037
73$24,442,310$20,043,632$18,877,088$23,681,761
74$26,872,415$20,962,759$19,446,459$25,427,826
75$29,548,405$21,924,938$20,032,920$27,326,459
76$32,495,299$22,932,217$20,636,979$29,392,196
77$35,740,664$23,986,740$21,259,162$31,641,009
78$39,314,878$25,090,757$21,900,011$34,090,456
79$43,251,415$26,246,623$22,560,080$36,759,838
80$47,587,161$27,456,809$23,239,944$39,670,375
81$52,362,762$28,723,903$23,940,193$42,845,400
82$57,623,008$30,050,619$24,661,434$46,310,572
83$63,417,255$31,439,800$25,404,293$50,094,111
84$69,799,892$32,894,427$26,169,414$54,227,055
85$76,830,851$34,417,624$26,957,459$58,743,549
86$84,576,177$36,012,666$27,769,112$63,681,154
87$93,108,645$37,682,985$28,605,076$69,081,196
88$102,508,455$39,432,180$29,466,074$74,989,146
89$112,863,982$41,264,021$30,352,852$81,455,040
90$124,272,611$43,182,461$31,266,176$88,533,941
91$136,841,661$45,191,645$32,206,836$96,286,448
92$150,689,391$47,295,916$33,175,646$104,779,258
93$165,946,120$49,499,828$34,173,442$114,085,782
94$182,755,458$51,808,153$35,201,085$124,286,830
95$201,275,658$54,225,895$36,259,465$135,471,358
96$221,681,111$56,758,300$37,349,493$147,737,295
97$244,163,994$59,410,866$38,472,110$161,192,455
98$268,936,079$62,189,357$39,628,284$175,955,540
99$296,230,740$65,099,815$40,819,012$192,157,245
100$326,305,145$68,148,577$42,045,319$209,941,477