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

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,338,576
2 years$690,884$678,017$665,547$653,456$641,728$632,597
3 years$456,014$443,092$430,653$418,676$407,139$398,213
4 years$338,602$325,719$313,405$301,632$290,375$281,723
5 years$268,174$255,368$243,215$231,683$220,738$212,387
6 years$221,236$208,527$196,554$185,278$174,663$166,621
7 years$187,723$175,121$163,337$152,328$142,048$134,320
8 years$162,599$150,111$138,523$127,784$117,842$110,429
9 years$143,069$130,698$119,310$108,843$99,240$92,140
10 years$127,454$115,204$104,017$93,824$84,558$77,766
11 years$114,686$102,560$91,575$81,655$72,722$66,235
12 years$104,054$92,052$81,270$71,622$63,020$56,830
13 years$95,065$83,188$72,610$63,232$54,954$49,057
14 years$87,366$75,616$65,240$56,130$48,173$42,560
15 years$80,700$69,076$58,903$50,058$42,415$37,080
16 years$74,873$63,376$53,404$44,822$37,487$32,421
17 years$69,737$58,367$48,596$40,272$33,238$28,434
18 years$65,177$53,934$44,362$36,293$29,554$25,003
19 years$61,101$49,985$40,611$32,794$26,342$22,035
20 years$57,438$46,449$37,271$29,701$23,529$19,458
21 years$54,127$43,265$34,282$26,956$21,056$17,211
22 years$51,122$40,386$31,596$24,509$18,874$15,246
23 years$48,382$37,773$29,173$22,321$16,942$13,524
24 years$45,874$35,391$26,980$20,358$15,228$12,009
25 years$43,571$33,212$24,989$18,592$13,703$10,675
26 years$41,448$31,214$23,176$17,000$12,343$9,498
27 years$39,485$29,376$21,521$15,560$11,128$8,457
28 years$37,666$27,681$20,007$14,256$10,041$7,535
29 years$35,976$26,114$18,618$13,073$9,067$6,718
30 years$34,401$24,662$17,342$11,998$8,193$5,993
31 years$32,931$23,314$16,167$11,019$7,407$5,348
32 years$31,555$22,059$15,084$10,127$6,700$4,775
33 years$30,265$20,891$14,084$9,313$6,064$4,265
34 years$29,054$19,800$13,160$8,568$5,490$3,811
35 years$27,915$18,780$12,303$7,888$4,972$3,406
36 years$26,841$17,825$11,510$7,264$4,505$3,045
37 years$25,828$16,929$10,773$6,693$4,083$2,723
38 years$24,870$16,089$10,088$6,169$3,702$2,436
39 years$23,964$15,299$9,452$5,688$3,357$2,179
40 years$23,105$14,556$8,859$5,247$3,045$1,950
41 years$22,290$13,856$8,307$4,841$2,762$1,745
42 years$21,516$13,196$7,792$4,467$2,507$1,562
43 years$20,780$12,573$7,312$4,124$2,275$1,398
44 years$20,080$11,984$6,863$3,808$2,065$1,251
45 years$19,412$11,428$6,445$3,517$1,875$1,120
46 years$18,775$10,902$6,053$3,248$1,702$1,003
47 years$18,168$10,404$5,687$3,001$1,545$898
48 years$17,587$9,932$5,344$2,773$1,404$804
49 years$17,032$9,484$5,023$2,563$1,275$720
50 years$16,500$9,060$4,722$2,369$1,158$645

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 $5,787 every year, while hoping to spend $49,901 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: 41/38/21 Blend
69$16,900,000$16,900,000$16,900,000$16,900,000
70$18,629,769$17,734,069$17,472,119$19,278,116
71$20,476,911$18,549,944$18,004,341$20,557,412
72$22,510,790$19,404,125$18,552,720$21,935,982
73$24,750,398$20,298,435$19,117,744$23,427,119
74$27,216,668$21,234,787$19,699,917$25,041,149
75$29,932,661$22,215,185$20,299,757$26,789,405
76$32,923,792$23,241,728$20,917,799$28,684,323
77$36,218,065$24,316,620$21,554,592$30,739,553
78$39,846,340$25,442,166$22,210,703$32,970,081
79$43,842,621$26,620,787$22,886,715$35,392,361
80$48,244,379$27,855,016$23,583,231$38,024,464
81$53,092,905$29,147,511$24,300,869$40,886,242
82$58,433,701$30,501,059$25,040,267$43,999,500
83$64,316,905$31,918,577$25,802,083$47,388,200
84$70,797,770$33,403,128$26,586,993$51,078,673
85$77,937,179$34,957,918$27,395,694$55,099,857
86$85,802,227$36,586,311$28,228,905$59,483,563
87$94,466,846$38,291,833$29,087,366$64,264,762
88$104,012,510$40,078,178$29,971,838$69,481,903
89$114,528,997$41,949,220$30,883,106$75,177,265
90$126,115,244$43,909,021$31,821,979$81,397,344
91$138,880,272$45,961,836$32,789,289$88,193,277
92$152,944,224$48,112,130$33,785,894$95,621,310
93$168,439,491$50,364,581$34,812,677$103,743,317
94$185,511,966$52,724,092$35,870,549$112,627,370
95$204,322,421$55,195,807$36,960,447$122,348,361
96$225,048,021$57,785,115$38,083,335$132,988,695
97$247,884,001$60,497,668$39,240,209$144,639,053
98$273,045,505$63,339,390$40,432,092$157,399,224
99$300,769,619$66,316,492$41,660,039$171,379,033
100$331,317,607$69,435,486$42,925,137$186,699,358