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

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,327,877
2 years$686,796$674,005$661,609$649,590$637,931$626,062
3 years$453,316$440,470$428,105$416,198$404,730$393,137
4 years$336,599$323,792$311,551$299,847$288,657$277,431
5 years$266,587$253,857$241,776$230,312$219,432$208,606
6 years$219,927$207,293$195,391$184,182$173,629$163,216
7 years$186,612$174,085$162,371$151,426$141,207$131,211
8 years$161,637$149,223$137,703$127,028$117,145$107,567
9 years$142,223$129,925$118,604$108,199$98,653$89,489
10 years$126,700$114,523$103,402$93,269$84,057$75,303
11 years$114,008$101,953$91,033$81,172$72,292$63,940
12 years$103,439$91,507$80,790$71,199$62,647$54,689
13 years$94,503$82,696$72,180$62,858$54,629$47,057
14 years$86,849$75,168$64,854$55,798$47,888$40,692
15 years$80,223$68,668$58,555$49,762$42,164$35,333
16 years$74,430$63,001$53,088$44,557$37,265$30,789
17 years$69,325$58,022$48,308$40,034$33,041$26,909
18 years$64,791$53,615$44,099$36,078$29,379$23,578
19 years$60,740$49,690$40,371$32,600$26,186$20,705
20 years$57,098$46,174$37,050$29,526$23,390$18,217
21 years$53,807$43,009$34,079$26,796$20,931$16,054
22 years$50,820$40,148$31,409$24,364$18,762$14,168
23 years$48,096$37,549$29,001$22,189$16,842$12,520
24 years$45,603$35,181$26,821$20,237$15,138$11,075
25 years$43,313$33,016$24,841$18,482$13,622$9,807
26 years$41,203$31,029$23,039$16,899$12,270$8,691
27 years$39,252$29,202$21,394$15,468$11,062$7,708
28 years$37,444$27,517$19,888$14,172$9,982$6,841
29 years$35,763$25,959$18,508$12,996$9,013$6,074
30 years$34,198$24,516$17,239$11,927$8,144$5,397
31 years$32,736$23,176$16,072$10,954$7,363$4,797
32 years$31,368$21,929$14,995$10,067$6,660$4,265
33 years$30,086$20,767$14,001$9,258$6,028$3,794
34 years$28,882$19,682$13,082$8,518$5,457$3,376
35 years$27,750$18,668$12,231$7,841$4,943$3,005
36 years$26,682$17,719$11,441$7,221$4,479$2,675
37 years$25,675$16,829$10,709$6,654$4,059$2,382
38 years$24,723$15,994$10,028$6,133$3,680$2,121
39 years$23,822$15,208$9,396$5,655$3,337$1,890
40 years$22,968$14,469$8,807$5,216$3,027$1,684
41 years$22,158$13,774$8,258$4,812$2,746$1,500
42 years$21,389$13,117$7,746$4,441$2,492$1,337
43 years$20,657$12,498$7,269$4,100$2,261$1,192
44 years$19,961$11,913$6,823$3,785$2,053$1,062
45 years$19,297$11,361$6,406$3,496$1,863$947
46 years$18,664$10,838$6,017$3,229$1,692$844
47 years$18,060$10,342$5,653$2,983$1,536$753
48 years$17,483$9,873$5,312$2,757$1,395$671
49 years$16,931$9,428$4,993$2,548$1,267$598
50 years$16,403$9,006$4,694$2,355$1,151$533

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 $2,940 every year, while hoping to spend $39,566 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: 51/35/14 Blend
69$16,800,000$16,800,000$16,800,000$16,800,000
70$18,516,633$17,626,233$17,365,833$19,390,627
71$20,363,231$18,447,820$17,905,490$20,811,515
72$22,396,857$19,308,339$18,461,900$22,350,998
73$24,636,544$20,209,656$19,035,582$24,023,773
74$27,103,269$21,153,726$19,627,071$25,842,423
75$29,820,144$22,142,601$20,236,920$27,820,773
76$32,812,640$23,178,429$20,865,697$29,974,008
77$36,108,821$24,263,464$21,513,990$32,318,815
78$39,739,615$25,400,068$22,182,403$34,873,529
79$43,739,103$26,590,719$22,871,561$37,658,304
80$48,144,839$27,838,012$23,582,106$40,695,294
81$52,998,208$29,144,669$24,314,701$44,008,852
82$58,344,811$30,513,544$25,070,030$47,625,755
83$64,234,903$31,947,629$25,848,797$51,575,446
84$70,723,860$33,450,060$26,651,729$55,890,305
85$77,872,706$35,024,125$27,479,574$60,605,945
86$85,748,688$36,673,272$28,333,105$65,761,538
87$94,425,908$38,401,117$29,213,118$71,400,172
88$103,986,026$40,211,447$30,120,433$77,569,253
89$114,519,030$42,108,237$31,055,897$84,320,936
90$126,124,082$44,095,652$32,020,381$91,712,609
91$138,910,460$46,178,060$33,014,785$99,807,422
92$152,998,582$48,360,040$34,040,035$108,674,868
93$168,521,149$50,646,394$35,097,088$118,391,429
94$185,624,394$53,042,155$36,186,929$129,041,281
95$204,469,464$55,552,603$37,310,573$140,717,079
96$225,233,940$58,183,271$38,469,067$153,520,808
97$248,113,513$60,939,962$39,663,492$167,564,739
98$273,323,832$63,828,761$40,894,960$182,972,465
99$301,102,541$66,856,048$42,164,619$199,880,056
100$331,711,517$70,028,511$43,473,650$218,437,320