Can I retire at age 70 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,289,049
2 years$686,796$674,005$661,609$649,590$637,931$587,534
3 years$453,316$440,470$428,105$416,198$404,730$356,127
4 years$336,599$323,792$311,551$299,847$288,657$242,219
5 years$266,587$253,857$241,776$230,312$219,432$175,279
6 years$219,927$207,293$195,391$184,182$173,629$131,791
7 years$186,612$174,085$162,371$151,426$141,207$101,672
8 years$161,637$149,223$137,703$127,028$117,145$79,876
9 years$142,223$129,925$118,604$108,199$98,653$63,597
10 years$126,700$114,523$103,402$93,269$84,057$51,150
11 years$114,008$101,953$91,033$81,172$72,292$41,462
12 years$103,439$91,507$80,790$71,199$62,647$33,814
13 years$94,503$82,696$72,180$62,858$54,629$27,711
14 years$86,849$75,168$64,854$55,798$47,888$22,798
15 years$80,223$68,668$58,555$49,762$42,164$18,815
16 years$74,430$63,001$53,088$44,557$37,265$15,568
17 years$69,325$58,022$48,308$40,034$33,041$12,908
18 years$64,791$53,615$44,099$36,078$29,379$10,721
19 years$60,740$49,690$40,371$32,600$26,186$8,917
20 years$57,098$46,174$37,050$29,526$23,390$7,425
21 years$53,807$43,009$34,079$26,796$20,931$6,189
22 years$50,820$40,148$31,409$24,364$18,762$5,162
23 years$48,096$37,549$29,001$22,189$16,842$4,309
24 years$45,603$35,181$26,821$20,237$15,138$3,599
25 years$43,313$33,016$24,841$18,482$13,622$3,007
26 years$41,203$31,029$23,039$16,899$12,270$2,514
27 years$39,252$29,202$21,394$15,468$11,062$2,102
28 years$37,444$27,517$19,888$14,172$9,982$1,758
29 years$35,763$25,959$18,508$12,996$9,013$1,471
30 years$34,198$24,516$17,239$11,927$8,144$1,230
31 years$32,736$23,176$16,072$10,954$7,363$1,030
32 years$31,368$21,929$14,995$10,067$6,660$862
33 years$30,086$20,767$14,001$9,258$6,028$721
34 years$28,882$19,682$13,082$8,518$5,457$604
35 years$27,750$18,668$12,231$7,841$4,943$506
36 years$26,682$17,719$11,441$7,221$4,479$423
37 years$25,675$16,829$10,709$6,654$4,059$354
38 years$24,723$15,994$10,028$6,133$3,680$297
39 years$23,822$15,208$9,396$5,655$3,337$249
40 years$22,968$14,469$8,807$5,216$3,027$208
41 years$22,158$13,774$8,258$4,812$2,746$174
42 years$21,389$13,117$7,746$4,441$2,492$146
43 years$20,657$12,498$7,269$4,100$2,261$122
44 years$19,961$11,913$6,823$3,785$2,053$102
45 years$19,297$11,361$6,406$3,496$1,863$86
46 years$18,664$10,838$6,017$3,229$1,692$72
47 years$18,060$10,342$5,653$2,983$1,536$60
48 years$17,483$9,873$5,312$2,757$1,395$50
49 years$16,931$9,428$4,993$2,548$1,267$42
50 years$16,403$9,006$4,694$2,355$1,151$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,800,000, adding $5,756 every year, while hoping to spend $41,702 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: 48/34/18 Blend
69$16,800,000$16,800,000$16,800,000$16,800,000
70$18,519,537$17,629,137$17,368,737$19,314,383
71$20,364,160$18,448,594$17,906,219$20,685,975
72$22,395,536$19,306,807$18,460,309$22,169,759
73$24,632,670$20,205,631$19,031,520$23,780,054
74$27,096,505$21,147,010$19,620,379$25,528,728
75$29,810,118$22,132,982$20,227,430$27,428,817
76$32,798,937$23,165,685$20,853,236$29,494,639
77$36,090,983$24,247,358$21,498,374$31,741,921
78$39,717,134$25,380,350$22,163,440$34,187,945
79$43,711,416$26,567,121$22,849,050$36,851,703
80$48,111,324$27,810,253$23,555,836$39,754,066
81$52,958,174$29,112,451$24,284,453$42,917,975
82$58,297,498$30,476,551$25,035,571$46,368,650
83$64,179,466$31,905,526$25,809,887$50,133,821
84$70,659,367$33,402,492$26,608,114$54,243,977
85$77,798,127$34,970,718$27,430,990$58,732,648
86$85,662,882$36,613,630$28,279,274$63,636,711
87$94,327,617$38,334,819$29,153,751$68,996,727
88$103,873,859$40,138,050$30,055,227$74,857,314
89$114,391,450$42,027,272$30,984,534$81,267,557
90$125,979,393$44,006,623$31,942,530$88,281,462
91$138,746,786$46,080,442$32,930,100$95,958,448
92$152,813,854$48,253,280$33,948,155$104,363,904
93$168,313,083$50,529,906$34,997,633$113,569,784
94$185,390,467$52,915,322$36,079,504$123,655,278
95$204,206,893$55,414,770$37,194,765$134,707,544
96$224,939,652$58,033,750$38,344,446$146,822,516
97$247,784,117$60,778,024$39,529,605$160,105,790
98$272,955,587$63,653,638$40,751,338$174,673,610
99$300,691,318$66,666,927$42,010,769$190,653,946
100$331,252,763$69,824,537$43,309,060$208,187,681