Can I retire at age 70 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,318,803
2 years$690,884$678,017$665,547$653,456$641,728$612,827
3 years$456,014$443,092$430,653$418,676$407,139$379,064
4 years$338,602$325,719$313,405$301,632$290,375$263,343
5 years$268,174$255,368$243,215$231,683$220,738$194,826
6 years$221,236$208,527$196,554$185,278$174,663$149,897
7 years$187,723$175,121$163,337$152,328$142,048$118,434
8 years$162,599$150,111$138,523$127,784$117,842$95,373
9 years$143,069$130,698$119,310$108,843$99,240$77,899
10 years$127,454$115,204$104,017$93,824$84,558$64,322
11 years$114,686$102,560$91,575$81,655$72,722$53,567
12 years$104,054$92,052$81,270$71,622$63,020$44,916
13 years$95,065$83,188$72,610$63,232$54,954$37,870
14 years$87,366$75,616$65,240$56,130$48,173$32,074
15 years$80,700$69,076$58,903$50,058$42,415$27,266
16 years$74,873$63,376$53,404$44,822$37,487$23,251
17 years$69,737$58,367$48,596$40,272$33,238$19,879
18 years$65,177$53,934$44,362$36,293$29,554$17,033
19 years$61,101$49,985$40,611$32,794$26,342$14,622
20 years$57,438$46,449$37,271$29,701$23,529$12,572
21 years$54,127$43,265$34,282$26,956$21,056$10,823
22 years$51,122$40,386$31,596$24,509$18,874$9,329
23 years$48,382$37,773$29,173$22,321$16,942$8,048
24 years$45,874$35,391$26,980$20,358$15,228$6,950
25 years$43,571$33,212$24,989$18,592$13,703$6,005
26 years$41,448$31,214$23,176$17,000$12,343$5,192
27 years$39,485$29,376$21,521$15,560$11,128$4,492
28 years$37,666$27,681$20,007$14,256$10,041$3,888
29 years$35,976$26,114$18,618$13,073$9,067$3,366
30 years$34,401$24,662$17,342$11,998$8,193$2,916
31 years$32,931$23,314$16,167$11,019$7,407$2,526
32 years$31,555$22,059$15,084$10,127$6,700$2,189
33 years$30,265$20,891$14,084$9,313$6,064$1,898
34 years$29,054$19,800$13,160$8,568$5,490$1,645
35 years$27,915$18,780$12,303$7,888$4,972$1,426
36 years$26,841$17,825$11,510$7,264$4,505$1,237
37 years$25,828$16,929$10,773$6,693$4,083$1,073
38 years$24,870$16,089$10,088$6,169$3,702$931
39 years$23,964$15,299$9,452$5,688$3,357$807
40 years$23,105$14,556$8,859$5,247$3,045$701
41 years$22,290$13,856$8,307$4,841$2,762$608
42 years$21,516$13,196$7,792$4,467$2,507$527
43 years$20,780$12,573$7,312$4,124$2,275$458
44 years$20,080$11,984$6,863$3,808$2,065$397
45 years$19,412$11,428$6,445$3,517$1,875$345
46 years$18,775$10,902$6,053$3,248$1,702$299
47 years$18,168$10,404$5,687$3,001$1,545$260
48 years$17,587$9,932$5,344$2,773$1,404$225
49 years$17,032$9,484$5,023$2,563$1,275$196
50 years$16,500$9,060$4,722$2,369$1,158$170

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,900,000, adding $4,538 every year, while hoping to spend $33,416 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: 54/35/11 Blend
69$16,900,000$16,900,000$16,900,000$16,900,000
70$18,628,481$17,732,781$17,470,831$19,581,843
71$20,493,032$18,566,133$18,020,549$21,062,914
72$22,546,647$19,439,199$18,587,563$22,670,072
73$24,808,575$20,353,890$19,172,417$24,418,506
74$27,300,028$21,312,210$19,775,672$26,321,638
75$30,044,381$22,316,258$20,397,907$28,394,216
76$33,067,389$23,368,236$21,039,718$30,652,442
77$36,397,437$24,470,453$21,701,723$33,114,125
78$40,065,801$25,625,330$22,384,555$35,798,838
79$44,106,946$26,835,405$23,088,871$38,728,098
80$48,558,852$28,103,338$23,815,347$41,925,558
81$53,463,373$29,431,919$24,564,678$45,417,229
82$58,866,627$30,824,073$25,337,585$49,231,711
83$64,819,438$32,282,868$26,134,809$53,400,458
84$71,377,810$33,811,518$26,957,115$57,958,066
85$78,603,461$35,413,397$27,805,293$62,942,588
86$86,564,399$37,092,038$28,680,155$68,395,886
87$95,335,569$38,851,150$29,582,542$74,364,015
88$104,999,560$40,694,618$30,513,319$80,897,647
89$115,647,379$42,626,519$31,473,380$88,052,537
90$127,379,319$44,651,126$32,463,646$95,890,041
91$140,305,898$46,772,919$33,485,066$104,477,680
92$154,548,906$48,996,598$34,538,622$113,889,764
93$170,242,552$51,327,089$35,625,323$124,208,084
94$187,534,734$53,769,559$36,746,214$135,522,665
95$206,588,433$56,329,424$37,902,368$147,932,605
96$227,583,253$59,012,364$39,094,896$161,546,995
97$250,717,111$61,824,337$40,324,942$176,485,930
98$276,208,115$64,771,588$41,593,687$192,881,628
99$304,296,614$67,860,667$42,902,346$210,879,658
100$335,247,471$71,098,442$44,252,177$230,640,302