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

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 $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%14.8%
1 years$1,486,423$1,473,183$1,460,265$1,447,657$1,435,345$1,406,940
2 years$735,853$722,148$708,867$695,989$683,498$655,000
3 years$485,696$471,932$458,684$445,927$433,639$405,937
4 years$360,642$346,920$333,804$321,265$309,275$282,583
5 years$285,629$271,990$259,046$246,762$235,106$209,499
6 years$235,636$222,100$209,347$197,338$186,031$161,538
7 years$199,942$186,519$173,969$162,242$151,293$127,919
8 years$173,183$159,881$147,539$136,101$125,512$103,250
9 years$152,381$139,205$127,076$115,928$105,700$84,535
10 years$135,750$122,703$110,787$99,931$90,061$69,975
11 years$122,151$109,235$97,535$86,970$77,456$58,423
12 years$110,827$98,044$86,560$76,284$67,122$49,114
13 years$101,253$88,603$77,336$67,348$58,531$41,520
14 years$93,053$80,537$69,487$59,784$51,308$35,261
15 years$85,953$73,572$62,737$53,317$45,176$30,059
16 years$79,747$67,501$56,880$47,739$39,926$25,705
17 years$74,276$62,166$51,759$42,893$35,402$22,040
18 years$69,419$57,444$47,249$38,655$31,477$18,941
19 years$65,078$53,239$43,254$34,929$28,057$16,308
20 years$61,176$49,472$39,697$31,634$25,061$14,063
21 years$57,651$46,081$36,513$28,710$22,426$12,144
22 years$54,450$43,015$33,653$26,104$20,102$10,500
23 years$51,531$40,231$31,072$23,774$18,045$9,087
24 years$48,860$37,694$28,737$21,683$16,219$7,871
25 years$46,407$35,374$26,616$19,802$14,595$6,823
26 years$44,146$33,246$24,685$18,106$13,146$5,919
27 years$42,055$31,288$22,922$16,573$11,853$5,137
28 years$40,118$29,483$21,309$15,184$10,695$4,460
29 years$38,318$27,814$19,830$13,924$9,657$3,875
30 years$36,640$26,267$18,471$12,779$8,726$3,367
31 years$35,074$24,831$17,220$11,737$7,889$2,927
32 years$33,609$23,495$16,066$10,786$7,136$2,545
33 years$32,235$22,250$15,001$9,919$6,458$2,213
34 years$30,945$21,088$14,016$9,126$5,847$1,925
35 years$29,732$20,002$13,104$8,401$5,296$1,675
36 years$28,588$18,985$12,259$7,737$4,798$1,458
37 years$27,509$18,031$11,474$7,129$4,349$1,269
38 years$26,489$17,136$10,745$6,571$3,943$1,104
39 years$25,524$16,295$10,067$6,059$3,575$961
40 years$24,609$15,503$9,436$5,588$3,243$837
41 years$23,741$14,757$8,848$5,156$2,942$729
42 years$22,917$14,054$8,299$4,758$2,670$634
43 years$22,133$13,391$7,788$4,392$2,423$552
44 years$21,387$12,764$7,310$4,056$2,199$481
45 years$20,676$12,172$6,864$3,745$1,997$419
46 years$19,997$11,612$6,447$3,460$1,813$365
47 years$19,350$11,081$6,057$3,196$1,646$318
48 years$18,732$10,578$5,692$2,954$1,495$277
49 years$18,140$10,102$5,350$2,730$1,358$241
50 years$17,574$9,650$5,030$2,523$1,233$210

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 $6,078 every year, while hoping to spend $54,194 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: 81/14/5 Blend
69$18,000,000$18,000,000$18,000,000$18,000,000
70$19,842,269$18,888,269$18,609,269$21,446,600
71$21,808,519$19,756,133$19,175,018$23,364,231
72$23,973,510$20,664,705$19,757,903$25,460,464
73$26,357,456$21,615,923$20,358,441$27,759,321
74$28,982,632$22,611,819$20,977,164$30,281,012
75$31,873,582$23,654,520$21,614,621$33,047,786
76$35,057,353$24,746,258$22,271,376$36,084,141
77$38,563,748$25,889,369$22,948,012$39,417,055
78$42,425,607$27,086,305$23,645,128$43,076,233
79$46,679,119$28,339,634$24,363,340$47,094,386
80$51,364,162$29,652,048$25,103,284$51,507,539
81$56,524,677$31,026,370$25,865,615$56,355,363
82$62,209,089$32,465,556$26,651,007$61,681,552
83$68,470,755$33,972,708$27,460,156$67,534,227
84$75,368,476$35,551,075$28,293,775$73,966,387
85$82,967,047$37,204,064$29,152,602$81,036,409
86$91,337,868$38,935,245$30,037,396$88,808,590
87$100,559,620$40,748,361$30,948,939$97,353,752
88$110,719,007$42,647,337$31,888,035$106,749,908
89$121,911,575$44,636,286$32,855,513$117,082,989
90$134,242,610$46,719,518$33,852,227$128,447,656
91$147,828,137$48,901,555$34,879,057$140,948,183
92$162,796,010$51,187,134$35,936,908$154,699,438
93$179,287,122$53,581,223$37,026,714$169,827,964
94$197,456,734$56,089,029$38,149,434$186,473,163
95$217,475,940$58,716,010$39,306,059$204,788,612
96$239,533,281$61,467,890$40,497,608$224,943,499
97$263,836,527$64,350,668$41,725,129$247,124,218
98$290,614,636$67,370,634$42,989,704$271,536,124
99$320,119,916$70,534,382$44,292,446$298,405,457
100$352,630,406$73,848,825$45,634,501$327,981,474