Can I retire at age 70 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,432,736
2 years$748,117$734,184$720,681$707,589$694,889$668,254
3 years$493,791$479,798$466,328$453,359$440,866$414,957
4 years$366,652$352,702$339,368$326,620$314,430$289,446
5 years$290,389$276,523$263,363$250,875$239,024$215,038
6 years$239,564$225,802$212,837$200,627$189,132$166,169
7 years$203,274$189,628$176,868$164,946$153,815$131,882
8 years$176,069$162,546$149,998$138,369$127,604$106,697
9 years$154,921$141,526$129,193$117,860$107,461$87,566
10 years$138,012$124,748$112,634$101,597$91,562$72,662
11 years$124,187$111,056$99,161$88,419$78,747$60,819
12 years$112,674$99,678$88,003$77,556$68,240$51,262
13 years$102,940$90,079$78,625$68,470$59,507$43,450
14 years$94,604$81,880$70,645$60,780$52,163$37,000
15 years$87,386$74,799$63,783$54,205$45,929$31,629
16 years$81,076$68,626$57,828$48,535$40,592$27,124
17 years$75,514$63,202$52,621$43,608$35,992$23,324
18 years$70,576$58,402$48,037$39,300$32,002$20,102
19 years$66,163$54,126$43,975$35,511$28,524$17,359
20 years$62,196$50,297$40,358$32,162$25,478$15,015
21 years$58,611$46,849$37,122$29,189$22,800$13,006
22 years$55,357$43,732$34,214$26,539$20,437$11,279
23 years$52,390$40,902$31,590$24,170$18,346$9,792
24 years$49,675$38,322$29,216$22,044$16,489$8,509
25 years$47,180$35,964$27,059$20,132$14,838$7,399
26 years$44,881$33,800$25,096$18,408$13,365$6,439
27 years$42,756$31,810$23,304$16,849$12,050$5,606
28 years$40,787$29,974$21,664$15,437$10,873$4,884
29 years$38,956$28,277$20,160$14,156$9,818$4,256
30 years$37,251$26,705$18,779$12,992$8,871$3,711
31 years$35,659$25,245$17,507$11,932$8,020$3,237
32 years$34,169$23,887$16,334$10,966$7,255$2,824
33 years$32,773$22,621$15,251$10,084$6,566$2,464
34 years$31,461$21,440$14,250$9,278$5,945$2,151
35 years$30,227$20,335$13,323$8,541$5,384$1,877
36 years$29,065$19,301$12,463$7,866$4,878$1,639
37 years$27,967$18,332$11,665$7,248$4,421$1,431
38 years$26,930$17,422$10,924$6,680$4,008$1,250
39 years$25,949$16,566$10,235$6,160$3,635$1,092
40 years$25,019$15,761$9,593$5,681$3,297$954
41 years$24,137$15,003$8,995$5,242$2,991$833
42 years$23,299$14,289$8,438$4,838$2,714$728
43 years$22,502$13,614$7,918$4,466$2,463$636
44 years$21,743$12,977$7,432$4,123$2,236$556
45 years$21,020$12,375$6,978$3,808$2,030$486
46 years$20,331$11,805$6,554$3,517$1,843$424
47 years$19,673$11,266$6,158$3,250$1,674$371
48 years$19,044$10,755$5,786$3,003$1,520$324
49 years$18,443$10,270$5,439$2,775$1,380$283
50 years$17,867$9,810$5,113$2,565$1,254$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,300,000, adding $2,970 every year, while hoping to spend $58,065 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: 84/5/11 Blend
69$18,300,000$18,300,000$18,300,000$18,300,000
70$20,169,664$19,199,764$18,916,114$21,827,879
71$22,165,189$20,078,771$19,488,023$23,792,172
72$24,362,311$20,998,904$20,077,145$25,941,418
73$26,781,532$21,962,116$20,683,995$28,300,537
74$29,445,444$22,970,455$21,309,104$30,890,610
75$32,378,939$24,026,067$21,953,018$33,734,854
76$35,609,447$25,131,200$22,616,300$36,858,842
77$39,167,194$26,288,213$23,299,530$40,290,744
78$43,085,487$27,499,575$24,003,304$44,061,590
79$47,401,028$28,767,876$24,728,236$48,205,558
80$52,154,261$30,095,829$25,474,960$52,760,302
81$57,389,750$31,486,279$26,244,125$57,767,298
82$63,156,606$32,942,208$27,036,405$63,272,238
83$69,508,943$34,466,740$27,852,488$69,325,459
84$76,506,396$36,063,151$28,693,087$75,982,415
85$84,214,676$37,734,873$29,558,933$83,304,199
86$92,706,196$39,485,505$30,450,780$91,358,116
87$102,060,753$41,318,819$31,369,406$100,218,317
88$112,366,278$43,238,770$32,315,610$109,966,500
89$123,719,669$45,249,500$33,290,213$120,692,670
90$136,227,705$47,355,356$34,294,066$132,495,997
91$150,008,053$49,560,890$35,328,039$145,485,739
92$165,190,377$51,870,877$36,393,031$159,782,277
93$181,917,566$54,290,320$37,489,968$175,518,250
94$200,347,078$56,824,466$38,619,802$192,839,795
95$220,652,429$59,478,814$39,783,514$211,907,934
96$243,024,829$62,259,128$40,982,114$232,900,083
97$267,674,988$65,171,452$42,216,642$256,011,729
98$294,835,105$68,222,120$43,488,167$281,458,267
99$324,761,057$71,417,776$44,797,792$309,477,032
100$357,734,819$74,765,381$46,146,652$340,329,537