Can I retire at age 70 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,418,514
2 years$744,029$730,172$716,743$703,722$691,092$658,243
3 years$491,092$477,176$463,780$450,882$438,457$406,565
4 years$364,649$350,775$337,513$324,835$312,711$282,021
5 years$288,802$275,012$261,924$249,504$237,718$208,316
6 years$238,255$224,568$211,674$199,531$188,098$160,014
7 years$202,163$188,592$175,902$164,045$152,974$126,214
8 years$175,107$161,658$149,179$137,613$126,907$101,460
9 years$154,074$140,752$128,487$117,216$106,874$82,722
10 years$137,258$124,066$112,018$101,041$91,062$68,178
11 years$123,508$110,449$98,619$87,936$78,316$56,670
12 years$112,059$99,133$87,522$77,132$67,867$47,425
13 years$102,378$89,587$78,195$68,096$59,182$39,905
14 years$94,087$81,432$70,259$60,448$51,878$33,729
15 years$86,908$74,390$63,434$53,909$45,678$28,613
16 years$80,633$68,251$57,512$48,270$40,370$24,348
17 years$75,102$62,857$52,334$43,370$35,795$20,772
18 years$70,190$58,083$47,774$39,085$31,827$17,759
19 years$65,801$53,830$43,735$35,317$28,368$15,211
20 years$61,856$50,022$40,138$31,986$25,339$13,049
21 years$58,291$46,593$36,919$29,029$22,676$11,208
22 years$55,055$43,493$34,027$26,394$20,325$9,638
23 years$52,104$40,678$31,417$24,038$18,245$8,296
24 years$49,403$38,113$29,056$21,924$16,399$7,146
25 years$46,922$35,767$26,912$20,022$14,757$6,161
26 years$44,636$33,615$24,959$18,307$13,292$5,314
27 years$42,523$31,636$23,177$16,757$11,984$4,586
28 years$40,564$29,810$21,546$15,353$10,814$3,959
29 years$38,743$28,123$20,050$14,079$9,764$3,420
30 years$37,047$26,559$18,676$12,921$8,823$2,955
31 years$35,464$25,107$17,411$11,867$7,977$2,554
32 years$33,982$23,756$16,245$10,906$7,215$2,207
33 years$32,594$22,498$15,168$10,029$6,530$1,909
34 years$31,289$21,323$14,172$9,228$5,912$1,651
35 years$30,062$20,224$13,250$8,494$5,355$1,428
36 years$28,906$19,196$12,395$7,823$4,852$1,235
37 years$27,815$18,231$11,601$7,208$4,397$1,068
38 years$26,783$17,326$10,864$6,644$3,987$924
39 years$25,807$16,476$10,179$6,126$3,615$800
40 years$24,882$15,675$9,540$5,650$3,279$692
41 years$24,005$14,921$8,946$5,213$2,975$599
42 years$23,171$14,211$8,392$4,811$2,699$518
43 years$22,379$13,540$7,874$4,441$2,450$449
44 years$21,624$12,906$7,391$4,101$2,224$388
45 years$20,905$12,307$6,940$3,787$2,019$336
46 years$20,220$11,741$6,518$3,498$1,833$291
47 years$19,565$11,204$6,124$3,232$1,664$252
48 years$18,940$10,696$5,755$2,986$1,511$218
49 years$18,342$10,214$5,409$2,760$1,373$189
50 years$17,770$9,757$5,085$2,551$1,247$163

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,200,000, adding $2,426 every year, while hoping to spend $39,353 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: 43/40/17 Blend
69$18,200,000$18,200,000$18,200,000$18,200,000
70$20,058,902$19,094,302$18,812,202$20,822,118
71$22,063,039$19,988,052$19,400,540$22,253,252
72$24,270,279$20,924,276$20,007,268$23,798,704
73$26,701,297$21,905,015$20,632,961$25,472,210
74$29,378,875$22,932,407$21,278,211$27,285,565
75$32,328,118$24,008,693$21,943,629$29,251,714
76$35,576,692$25,136,224$22,629,846$31,384,863
77$39,155,079$26,317,464$23,337,511$33,700,606
78$43,096,874$27,554,996$24,067,294$36,216,062
79$47,439,093$28,851,529$24,819,886$38,950,031
80$52,222,527$30,209,901$25,595,999$41,923,158
81$57,492,129$31,633,090$26,396,369$45,158,123
82$63,297,431$33,124,216$27,221,752$48,679,840
83$69,693,019$34,686,553$28,072,931$52,515,686
84$76,739,043$36,323,530$28,950,710$56,695,744
85$84,501,787$38,038,745$29,855,921$61,253,081
86$93,054,296$39,835,970$30,789,421$66,224,040
87$102,477,060$41,719,159$31,752,092$71,648,579
88$112,858,780$43,692,457$32,744,847$77,570,628
89$124,297,201$45,760,212$33,768,625$84,038,496
90$136,900,035$47,926,983$34,824,394$91,105,304
91$150,785,981$50,197,547$35,913,153$98,829,482
92$166,085,841$52,576,917$37,035,934$107,275,293
93$182,943,757$55,070,346$38,193,798$116,513,434
94$201,518,571$57,683,344$39,387,840$126,621,677
95$221,985,324$60,421,687$40,619,192$137,685,590
96$244,536,910$63,291,432$41,889,018$149,799,323
97$269,385,893$66,298,931$43,198,518$163,066,480
98$296,766,519$69,450,843$44,548,933$177,601,071
99$326,936,921$72,754,152$45,941,540$193,528,571
100$360,181,562$76,216,179$47,377,656$210,987,079