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%13.3%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,431,379
2 years$744,029$730,172$716,743$703,722$691,092$671,064
3 years$491,092$477,176$463,780$450,882$438,457$418,937
4 years$364,649$350,775$337,513$324,835$312,711$293,851
5 years$288,802$275,012$261,924$249,504$237,718$219,571
6 years$238,255$224,568$211,674$199,531$188,098$170,687
7 years$202,163$188,592$175,902$164,045$152,974$136,305
8 years$175,107$161,658$149,179$137,613$126,907$110,977
9 years$154,074$140,752$128,487$117,216$106,874$91,676
10 years$137,258$124,066$112,018$101,041$91,062$76,585
11 years$123,508$110,449$98,619$87,936$78,316$64,547
12 years$112,059$99,133$87,522$77,132$67,867$54,789
13 years$102,378$89,587$78,195$68,096$59,182$46,777
14 years$94,087$81,432$70,259$60,448$51,878$40,129
15 years$86,908$74,390$63,434$53,909$45,678$34,563
16 years$80,633$68,251$57,512$48,270$40,370$29,869
17 years$75,102$62,857$52,334$43,370$35,795$25,886
18 years$70,190$58,083$47,774$39,085$31,827$22,488
19 years$65,801$53,830$43,735$35,317$28,368$19,577
20 years$61,856$50,022$40,138$31,986$25,339$17,073
21 years$58,291$46,593$36,919$29,029$22,676$14,912
22 years$55,055$43,493$34,027$26,394$20,325$13,041
23 years$52,104$40,678$31,417$24,038$18,245$11,419
24 years$49,403$38,113$29,056$21,924$16,399$10,008
25 years$46,922$35,767$26,912$20,022$14,757$8,779
26 years$44,636$33,615$24,959$18,307$13,292$7,707
27 years$42,523$31,636$23,177$16,757$11,984$6,770
28 years$40,564$29,810$21,546$15,353$10,814$5,950
29 years$38,743$28,123$20,050$14,079$9,764$5,233
30 years$37,047$26,559$18,676$12,921$8,823$4,603
31 years$35,464$25,107$17,411$11,867$7,977$4,052
32 years$33,982$23,756$16,245$10,906$7,215$3,567
33 years$32,594$22,498$15,168$10,029$6,530$3,141
34 years$31,289$21,323$14,172$9,228$5,912$2,767
35 years$30,062$20,224$13,250$8,494$5,355$2,438
36 years$28,906$19,196$12,395$7,823$4,852$2,149
37 years$27,815$18,231$11,601$7,208$4,397$1,894
38 years$26,783$17,326$10,864$6,644$3,987$1,670
39 years$25,807$16,476$10,179$6,126$3,615$1,472
40 years$24,882$15,675$9,540$5,650$3,279$1,298
41 years$24,005$14,921$8,946$5,213$2,975$1,145
42 years$23,171$14,211$8,392$4,811$2,699$1,010
43 years$22,379$13,540$7,874$4,441$2,450$891
44 years$21,624$12,906$7,391$4,101$2,224$786
45 years$20,905$12,307$6,940$3,787$2,019$693
46 years$20,220$11,741$6,518$3,498$1,833$612
47 years$19,565$11,204$6,124$3,232$1,664$540
48 years$18,940$10,696$5,755$2,986$1,511$476
49 years$18,342$10,214$5,409$2,760$1,373$420
50 years$17,770$9,757$5,085$2,551$1,247$371

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 $3,707 every year, while hoping to spend $26,332 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: 64/24/12 Blend
69$18,200,000$18,200,000$18,200,000$18,200,000
70$20,060,224$19,095,624$18,813,524$21,288,532
71$22,078,350$20,003,292$19,415,760$23,017,661
72$24,301,442$20,954,554$20,037,288$24,902,206
73$26,750,379$21,951,517$20,678,727$26,960,013
74$29,448,168$22,996,393$21,340,716$29,207,944
75$32,420,164$24,091,498$22,023,912$31,664,546
76$35,694,304$25,239,265$22,728,997$34,350,218
77$39,301,376$26,442,242$23,456,671$37,287,405
78$43,275,306$27,703,102$24,207,659$40,500,796
79$47,653,481$29,024,647$24,982,709$44,017,558
80$52,477,098$30,409,817$25,782,592$47,867,582
81$57,791,557$31,861,693$26,608,104$52,083,763
82$63,646,888$33,383,508$27,460,068$56,702,301
83$70,098,222$34,978,651$28,339,331$61,763,038
84$77,206,310$36,650,675$29,246,769$67,309,824
85$85,038,104$38,403,308$30,183,285$73,390,927
86$93,667,377$40,240,457$31,149,812$80,059,481
87$103,175,431$42,166,221$32,147,312$87,373,976
88$113,651,858$44,184,898$33,176,779$95,398,804
89$125,195,384$46,300,995$34,239,239$104,204,858
90$137,914,808$48,519,238$35,335,748$113,870,192
91$151,930,022$50,844,584$36,467,399$124,480,748
92$167,373,147$53,282,232$37,635,319$136,131,156
93$184,389,778$55,837,631$38,840,673$148,925,618
94$203,140,359$58,516,499$40,084,659$162,978,880
95$223,801,698$61,324,830$41,368,518$178,417,305
96$246,568,636$64,268,912$42,693,528$195,380,052
97$271,655,886$67,355,337$44,061,010$214,020,376
98$299,300,059$70,591,021$45,472,326$234,507,065
99$329,761,898$73,983,214$46,928,882$257,026,017
100$363,328,741$77,539,522$48,432,130$281,781,980