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%17.4%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,307,109
2 years$690,884$678,017$665,547$653,456$641,728$601,246
3 years$456,014$443,092$430,653$418,676$407,139$367,964
4 years$338,602$325,719$313,405$301,632$290,375$252,808
5 years$268,174$255,368$243,215$231,683$220,738$184,881
6 years$221,236$208,527$196,554$185,278$174,663$140,546
7 years$187,723$175,121$163,337$152,328$142,048$109,671
8 years$162,599$150,111$138,523$127,784$117,842$87,186
9 years$143,069$130,698$119,310$108,843$99,240$70,271
10 years$127,454$115,204$104,017$93,824$84,558$57,235
11 years$114,686$102,560$91,575$81,655$72,722$46,999
12 years$104,054$92,052$81,270$71,622$63,020$38,844
13 years$95,065$83,188$72,610$63,232$54,954$32,270
14 years$87,366$75,616$65,240$56,130$48,173$26,921
15 years$80,700$69,076$58,903$50,058$42,415$22,536
16 years$74,873$63,376$53,404$44,822$37,487$18,918
17 years$69,737$58,367$48,596$40,272$33,238$15,918
18 years$65,177$53,934$44,362$36,293$29,554$13,419
19 years$61,101$49,985$40,611$32,794$26,342$11,331
20 years$57,438$46,449$37,271$29,701$23,529$9,581
21 years$54,127$43,265$34,282$26,956$21,056$8,111
22 years$51,122$40,386$31,596$24,509$18,874$6,872
23 years$48,382$37,773$29,173$22,321$16,942$5,828
24 years$45,874$35,391$26,980$20,358$15,228$4,945
25 years$43,571$33,212$24,989$18,592$13,703$4,199
26 years$41,448$31,214$23,176$17,000$12,343$3,567
27 years$39,485$29,376$21,521$15,560$11,128$3,031
28 years$37,666$27,681$20,007$14,256$10,041$2,577
29 years$35,976$26,114$18,618$13,073$9,067$2,191
30 years$34,401$24,662$17,342$11,998$8,193$1,864
31 years$32,931$23,314$16,167$11,019$7,407$1,586
32 years$31,555$22,059$15,084$10,127$6,700$1,349
33 years$30,265$20,891$14,084$9,313$6,064$1,148
34 years$29,054$19,800$13,160$8,568$5,490$977
35 years$27,915$18,780$12,303$7,888$4,972$832
36 years$26,841$17,825$11,510$7,264$4,505$708
37 years$25,828$16,929$10,773$6,693$4,083$603
38 years$24,870$16,089$10,088$6,169$3,702$513
39 years$23,964$15,299$9,452$5,688$3,357$437
40 years$23,105$14,556$8,859$5,247$3,045$372
41 years$22,290$13,856$8,307$4,841$2,762$317
42 years$21,516$13,196$7,792$4,467$2,507$270
43 years$20,780$12,573$7,312$4,124$2,275$230
44 years$20,080$11,984$6,863$3,808$2,065$196
45 years$19,412$11,428$6,445$3,517$1,875$167
46 years$18,775$10,902$6,053$3,248$1,702$142
47 years$18,168$10,404$5,687$3,001$1,545$121
48 years$17,587$9,932$5,344$2,773$1,404$103
49 years$17,032$9,484$5,023$2,563$1,275$88
50 years$16,500$9,060$4,722$2,369$1,158$75

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 $3,152 every year, while hoping to spend $29,038 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: 80/8/12 Blend
69$16,900,000$16,900,000$16,900,000$16,900,000
70$18,627,051$17,731,351$17,469,401$20,075,887
71$20,496,114$18,569,291$18,023,730$21,865,779
72$22,554,849$19,447,317$18,595,656$23,825,460
73$24,822,570$20,367,362$19,185,737$25,975,165
74$27,320,563$21,331,454$19,794,550$28,333,900
75$30,072,284$22,341,719$20,422,690$30,922,596
76$33,103,578$23,400,384$21,070,772$33,764,302
77$36,442,927$24,509,788$21,739,428$36,884,402
78$40,121,718$25,672,380$22,429,311$40,310,853
79$44,174,537$26,890,730$23,141,096$44,074,446
80$48,639,496$28,167,531$23,875,479$48,209,093
81$53,558,594$29,505,610$24,633,177$52,752,146
82$58,978,113$30,907,927$25,414,930$57,744,748
83$64,949,054$32,377,589$26,221,504$63,232,218
84$71,527,618$33,917,852$27,053,686$69,264,473
85$78,775,740$35,532,132$27,912,289$75,896,502
86$86,761,668$37,224,008$28,798,153$83,188,878
87$95,560,611$38,997,238$29,712,144$91,208,327
88$105,255,448$40,855,756$30,655,155$100,028,357
89$115,937,509$42,803,694$31,628,108$109,729,946
90$127,707,439$44,845,379$32,631,954$120,402,304
91$140,676,148$46,985,353$33,667,674$132,143,712
92$154,965,855$49,228,375$34,736,282$145,062,443
93$170,711,246$51,579,440$35,838,821$159,277,785
94$188,060,741$54,043,780$36,976,370$174,921,159
95$207,177,899$56,626,888$38,150,040$192,137,356
96$228,242,958$59,334,518$39,360,980$211,085,900
97$251,454,540$62,172,710$40,610,373$231,942,551
98$277,031,523$65,147,793$41,899,441$254,900,954
99$305,215,111$68,266,407$43,229,444$280,174,467
100$336,271,104$71,535,513$44,601,683$307,998,167