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

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 $16,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,292,160
2 years$682,708$669,993$657,671$645,723$634,134$594,643
3 years$450,618$437,848$425,556$413,721$402,321$364,099
4 years$334,595$321,865$309,696$298,063$286,938$250,278
5 years$265,000$252,346$240,337$228,941$218,126$183,127
6 years$218,618$206,059$194,228$183,086$172,596$139,290
7 years$185,501$173,048$161,404$150,525$140,367$108,752
8 years$160,675$148,334$136,884$126,272$116,448$86,506
9 years$141,376$129,152$117,898$107,555$98,066$69,766
10 years$125,946$113,841$102,786$92,714$83,557$56,859
11 years$113,329$101,346$90,491$80,689$71,862$46,721
12 years$102,823$90,963$80,309$70,775$62,274$38,639
13 years$93,940$82,204$71,750$62,484$54,304$32,122
14 years$86,333$74,721$64,468$55,466$47,603$26,816
15 years$79,745$68,259$58,206$49,466$41,913$22,464
16 years$73,987$62,626$52,772$44,291$37,043$18,871
17 years$68,912$57,676$48,021$39,795$32,845$15,890
18 years$64,405$53,296$43,837$35,864$29,204$13,406
19 years$60,378$49,394$40,130$32,406$26,030$11,328
20 years$56,758$45,899$36,830$29,350$23,251$9,586
21 years$53,487$42,753$33,876$26,637$20,807$8,121
22 years$50,517$39,909$31,222$24,219$18,650$6,886
23 years$47,810$37,326$28,828$22,057$16,742$5,844
24 years$45,332$34,972$26,661$20,117$15,048$4,963
25 years$43,055$32,819$24,694$18,372$13,541$4,217
26 years$40,957$30,845$22,902$16,798$12,197$3,585
27 years$39,018$29,029$21,267$15,376$10,997$3,049
28 years$37,221$27,353$19,770$14,088$9,922$2,594
29 years$35,550$25,805$18,398$12,919$8,960$2,208
30 years$33,994$24,370$17,137$11,856$8,096$1,880
31 years$32,541$23,038$15,976$10,889$7,319$1,600
32 years$31,182$21,798$14,906$10,007$6,621$1,363
33 years$29,907$20,643$13,918$9,202$5,992$1,161
34 years$28,710$19,565$13,004$8,467$5,425$989
35 years$27,584$18,557$12,158$7,794$4,914$842
36 years$26,523$17,614$11,373$7,178$4,452$718
37 years$25,522$16,729$10,645$6,614$4,035$612
38 years$24,576$15,898$9,969$6,096$3,658$521
39 years$23,680$15,118$9,340$5,621$3,317$444
40 years$22,832$14,383$8,754$5,185$3,009$379
41 years$22,026$13,692$8,209$4,783$2,730$323
42 years$21,262$13,039$7,700$4,415$2,477$275
43 years$20,534$12,424$7,225$4,075$2,248$234
44 years$19,842$11,843$6,782$3,763$2,040$200
45 years$19,182$11,293$6,368$3,475$1,852$170
46 years$18,553$10,773$5,981$3,210$1,682$145
47 years$17,953$10,281$5,619$2,966$1,527$124
48 years$17,379$9,814$5,281$2,740$1,387$106
49 years$16,830$9,372$4,963$2,533$1,260$90
50 years$16,305$8,953$4,666$2,341$1,144$77

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 $3,625 every year, while hoping to spend $35,637 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: 66/15/19 Blend
69$16,700,000$16,700,000$16,700,000$16,700,000
70$18,407,139$17,522,039$17,263,189$19,534,556
71$20,246,750$18,342,702$17,803,589$21,111,165
72$22,272,806$19,202,382$18,360,897$22,829,559
73$24,504,289$20,102,955$18,935,643$24,707,226
74$26,962,112$21,046,385$19,528,372$26,759,793
75$29,669,321$22,034,732$20,139,647$29,004,456
76$32,651,314$23,070,156$20,770,048$31,460,141
77$35,936,076$24,154,921$21,420,172$34,147,677
78$39,554,444$25,291,401$22,090,636$37,089,986
79$43,540,402$26,482,085$22,782,077$40,312,302
80$47,931,398$27,729,581$23,495,151$43,842,401
81$52,768,695$29,036,626$24,230,534$47,710,859
82$58,097,768$30,406,087$24,988,923$51,951,338
83$63,968,727$31,840,971$25,771,038$56,600,899
84$70,436,791$33,344,432$26,577,621$61,700,346
85$77,562,809$34,919,775$27,409,437$67,294,607
86$85,413,838$36,570,466$28,267,276$73,433,152
87$94,063,770$38,300,139$29,151,950$80,170,457
88$103,594,033$40,112,605$30,064,298$87,566,512
89$114,094,359$42,011,857$31,005,187$95,687,378
90$125,663,631$44,002,085$31,975,508$104,605,810
91$138,410,815$46,087,682$32,976,182$114,401,932
92$152,455,992$48,273,252$34,008,157$125,163,993
93$167,931,486$50,563,623$35,072,413$136,989,188
94$184,983,116$52,963,860$36,169,959$149,984,568
95$203,771,576$55,479,272$37,301,834$164,268,049
96$224,473,945$58,115,424$38,469,113$179,969,511
97$247,285,361$60,878,153$39,672,903$197,232,018
98$272,420,867$63,773,582$40,914,344$216,213,162
99$300,117,435$66,808,127$42,194,614$237,086,540
100$330,636,207$69,988,519$43,514,927$260,043,381