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%16.3%
1 years$1,379,070$1,366,786$1,354,802$1,343,104$1,331,681$1,297,383
2 years$682,708$669,993$657,671$645,723$634,134$599,807
3 years$450,618$437,848$425,556$413,721$402,321$369,039
4 years$334,595$321,865$309,696$298,063$286,938$254,958
5 years$265,000$252,346$240,337$228,941$218,126$187,536
6 years$218,618$206,059$194,228$183,086$172,596$143,426
7 years$185,501$173,048$161,404$150,525$140,367$112,619
8 years$160,675$148,334$136,884$126,272$116,448$90,109
9 years$141,376$129,152$117,898$107,555$98,066$73,113
10 years$125,946$113,841$102,786$92,714$83,557$59,961
11 years$113,329$101,346$90,491$80,689$71,862$49,586
12 years$102,823$90,963$80,309$70,775$62,274$41,280
13 years$93,940$82,204$71,750$62,484$54,304$34,549
14 years$86,333$74,721$64,468$55,466$47,603$29,042
15 years$79,745$68,259$58,206$49,466$41,913$24,500
16 years$73,987$62,626$52,772$44,291$37,043$20,730
17 years$68,912$57,676$48,021$39,795$32,845$17,583
18 years$64,405$53,296$43,837$35,864$29,204$14,944
19 years$60,378$49,394$40,130$32,406$26,030$12,724
20 years$56,758$45,899$36,830$29,350$23,251$10,849
21 years$53,487$42,753$33,876$26,637$20,807$9,262
22 years$50,517$39,909$31,222$24,219$18,650$7,915
23 years$47,810$37,326$28,828$22,057$16,742$6,770
24 years$45,332$34,972$26,661$20,117$15,048$5,795
25 years$43,055$32,819$24,694$18,372$13,541$4,964
26 years$40,957$30,845$22,902$16,798$12,197$4,254
27 years$39,018$29,029$21,267$15,376$10,997$3,648
28 years$37,221$27,353$19,770$14,088$9,922$3,129
29 years$35,550$25,805$18,398$12,919$8,960$2,685
30 years$33,994$24,370$17,137$11,856$8,096$2,304
31 years$32,541$23,038$15,976$10,889$7,319$1,978
32 years$31,182$21,798$14,906$10,007$6,621$1,699
33 years$29,907$20,643$13,918$9,202$5,992$1,459
34 years$28,710$19,565$13,004$8,467$5,425$1,253
35 years$27,584$18,557$12,158$7,794$4,914$1,077
36 years$26,523$17,614$11,373$7,178$4,452$925
37 years$25,522$16,729$10,645$6,614$4,035$795
38 years$24,576$15,898$9,969$6,096$3,658$683
39 years$23,680$15,118$9,340$5,621$3,317$587
40 years$22,832$14,383$8,754$5,185$3,009$505
41 years$22,026$13,692$8,209$4,783$2,730$434
42 years$21,262$13,039$7,700$4,415$2,477$373
43 years$20,534$12,424$7,225$4,075$2,248$321
44 years$19,842$11,843$6,782$3,763$2,040$276
45 years$19,182$11,293$6,368$3,475$1,852$237
46 years$18,553$10,773$5,981$3,210$1,682$204
47 years$17,953$10,281$5,619$2,966$1,527$175
48 years$17,379$9,814$5,281$2,740$1,387$151
49 years$16,830$9,372$4,963$2,533$1,260$129
50 years$16,305$8,953$4,666$2,341$1,144$111

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 $4,940 every year, while hoping to spend $36,210 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: 70/17/13 Blend
69$16,700,000$16,700,000$16,700,000$16,700,000
70$18,408,496$17,523,396$17,264,546$19,644,410
71$20,247,635$18,343,515$17,804,381$21,285,572
72$22,273,153$19,202,606$18,361,087$23,076,156
73$24,504,022$20,102,541$18,935,191$25,034,773
74$26,961,148$21,045,282$19,527,236$27,177,972
75$29,667,570$22,032,885$20,137,782$29,523,967
76$32,648,672$23,067,507$20,767,408$32,092,802
77$35,932,430$24,151,408$21,416,709$34,906,541
78$39,549,669$25,286,958$22,086,300$37,989,468
79$43,534,359$26,476,642$22,776,815$41,368,315
80$47,923,931$27,723,066$23,488,906$45,072,510
81$52,759,636$29,028,960$24,223,248$49,134,450
82$58,086,928$30,397,188$24,980,536$53,589,803
83$63,955,896$31,830,752$25,761,486$58,477,841
84$70,421,739$33,332,800$26,566,837$63,841,803
85$77,545,281$34,906,632$27,397,350$69,729,301
86$85,393,551$36,555,708$28,253,813$76,192,764
87$94,040,411$38,283,656$29,137,034$83,289,925
88$103,567,259$40,094,281$30,047,851$91,084,364
89$114,063,789$41,991,570$30,987,123$99,646,100
90$125,628,843$43,979,705$31,955,740$109,052,244
91$138,371,346$46,063,071$32,954,618$119,387,725
92$152,411,327$48,246,266$33,984,702$130,746,083
93$167,881,059$50,534,109$35,046,965$143,230,341
94$184,926,302$52,931,656$36,142,414$156,953,977
95$203,707,684$55,444,205$37,272,083$172,041,983
96$224,402,211$58,077,315$38,437,042$188,632,036
97$247,204,946$60,836,813$39,638,392$206,875,796
98$272,330,841$63,728,807$40,877,268$226,940,318
99$300,016,773$66,759,705$42,154,843$249,009,631
100$330,523,778$69,936,225$43,472,325$273,286,457