Can I retire at age 70 with 18,000,000?

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 $18,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,424,509
2 years$735,853$722,148$708,867$695,989$683,498$672,573
3 years$485,696$471,932$458,684$445,927$433,639$422,964
4 years$360,642$346,920$333,804$321,265$309,275$298,931
5 years$285,629$271,990$259,046$246,762$235,106$225,125
6 years$235,636$222,100$209,347$197,338$186,031$176,425
7 years$199,942$186,519$173,969$162,242$151,293$142,066
8 years$173,183$159,881$147,539$136,101$125,512$116,665
9 years$152,381$139,205$127,076$115,928$105,700$97,229
10 years$135,750$122,703$110,787$99,931$90,061$81,963
11 years$122,151$109,235$97,535$86,970$77,456$69,724
12 years$110,827$98,044$86,560$76,284$67,122$59,749
13 years$101,253$88,603$77,336$67,348$58,531$51,510
14 years$93,053$80,537$69,487$59,784$51,308$44,630
15 years$85,953$73,572$62,737$53,317$45,176$38,831
16 years$79,747$67,501$56,880$47,739$39,926$33,906
17 years$74,276$62,166$51,759$42,893$35,402$29,695
18 years$69,419$57,444$47,249$38,655$31,477$26,075
19 years$65,078$53,239$43,254$34,929$28,057$22,947
20 years$61,176$49,472$39,697$31,634$25,061$20,234
21 years$57,651$46,081$36,513$28,710$22,426$17,871
22 years$54,450$43,015$33,653$26,104$20,102$15,807
23 years$51,531$40,231$31,072$23,774$18,045$14,000
24 years$48,860$37,694$28,737$21,683$16,219$12,413
25 years$46,407$35,374$26,616$19,802$14,595$11,017
26 years$44,146$33,246$24,685$18,106$13,146$9,787
27 years$42,055$31,288$22,922$16,573$11,853$8,700
28 years$40,118$29,483$21,309$15,184$10,695$7,740
29 years$38,318$27,814$19,830$13,924$9,657$6,889
30 years$36,640$26,267$18,471$12,779$8,726$6,136
31 years$35,074$24,831$17,220$11,737$7,889$5,467
32 years$33,609$23,495$16,066$10,786$7,136$4,873
33 years$32,235$22,250$15,001$9,919$6,458$4,346
34 years$30,945$21,088$14,016$9,126$5,847$3,876
35 years$29,732$20,002$13,104$8,401$5,296$3,459
36 years$28,588$18,985$12,259$7,737$4,798$3,087
37 years$27,509$18,031$11,474$7,129$4,349$2,756
38 years$26,489$17,136$10,745$6,571$3,943$2,461
39 years$25,524$16,295$10,067$6,059$3,575$2,198
40 years$24,609$15,503$9,436$5,588$3,243$1,963
41 years$23,741$14,757$8,848$5,156$2,942$1,754
42 years$22,917$14,054$8,299$4,758$2,670$1,567
43 years$22,133$13,391$7,788$4,392$2,423$1,400
44 years$21,387$12,764$7,310$4,056$2,199$1,251
45 years$20,676$12,172$6,864$3,745$1,997$1,118
46 years$19,997$11,612$6,447$3,460$1,813$1,000
47 years$19,350$11,081$6,057$3,196$1,646$893
48 years$18,732$10,578$5,692$2,954$1,495$799
49 years$18,140$10,102$5,350$2,730$1,358$714
50 years$17,574$9,650$5,030$2,523$1,233$638

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,000,000, adding $5,288 every year, while hoping to spend $41,203 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: 55/17/28 Blend
69$18,000,000$18,000,000$18,000,000$18,000,000
70$19,841,455$18,887,455$18,608,455$20,778,617
71$21,821,443$19,769,100$19,187,998$22,307,259
72$24,002,010$20,692,565$19,785,575$23,966,611
73$26,403,570$21,659,856$20,401,747$25,773,106
74$29,048,620$22,673,075$21,037,091$27,740,922
75$31,961,949$23,734,425$21,692,204$29,885,650
76$35,170,874$24,846,219$22,367,699$32,224,436
77$38,705,497$26,010,878$23,064,211$34,776,141
78$42,598,989$27,230,941$23,782,393$37,561,510
79$46,887,901$28,509,072$24,522,918$40,603,368
80$51,612,511$29,848,062$25,286,481$43,926,828
81$56,817,207$31,250,836$26,073,798$47,559,519
82$62,550,899$32,720,464$26,885,606$51,531,848
83$68,867,484$34,260,161$27,722,668$55,877,277
84$75,826,358$35,873,299$28,585,768$60,632,633
85$83,492,970$37,563,414$29,475,715$65,838,451
86$91,939,445$39,334,213$30,393,343$71,539,346
87$101,245,262$41,189,583$31,339,513$77,784,434
88$111,498,003$43,133,597$32,315,111$84,627,783
89$122,794,184$45,170,528$33,321,053$92,128,917
90$135,240,163$47,304,856$34,358,280$100,353,370
91$148,953,142$49,541,276$35,427,764$109,373,298
92$164,062,277$51,884,713$36,530,509$119,268,152
93$180,709,895$54,340,330$37,667,547$130,125,415
94$199,052,838$56,913,540$38,839,943$142,041,423
95$219,263,943$59,610,019$40,048,797$155,122,263
96$241,533,673$62,435,718$41,295,240$169,484,764
97$266,071,918$65,396,878$42,580,441$185,257,590
98$293,109,971$68,500,042$43,905,602$202,582,445
99$322,902,714$71,752,071$45,271,967$221,615,395
100$355,731,027$75,160,158$46,680,813$242,528,334