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%15.4%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,426,889
2 years$748,117$734,184$720,681$707,589$694,889$662,437
3 years$493,791$479,798$466,328$453,359$440,866$409,353
4 years$366,652$352,702$339,368$326,620$314,430$284,098
5 years$290,389$276,523$263,363$250,875$239,024$209,961
6 years$239,564$225,802$212,837$200,627$189,132$161,366
7 years$203,274$189,628$176,868$164,946$153,815$127,352
8 years$176,069$162,546$149,998$138,369$127,604$102,434
9 years$154,921$141,526$129,193$117,860$107,461$83,566
10 years$138,012$124,748$112,634$101,597$91,562$68,917
11 years$124,187$111,056$99,161$88,419$78,747$57,321
12 years$112,674$99,678$88,003$77,556$68,240$48,001
13 years$102,940$90,079$78,625$68,470$59,507$40,417
14 years$94,604$81,880$70,645$60,780$52,163$34,184
15 years$87,386$74,799$63,783$54,205$45,929$29,020
16 years$81,076$68,626$57,828$48,535$40,592$24,712
17 years$75,514$63,202$52,621$43,608$35,992$21,097
18 years$70,576$58,402$48,037$39,300$32,002$18,051
19 years$66,163$54,126$43,975$35,511$28,524$15,472
20 years$62,196$50,297$40,358$32,162$25,478$13,283
21 years$58,611$46,849$37,122$29,189$22,800$11,418
22 years$55,357$43,732$34,214$26,539$20,437$9,826
23 years$52,390$40,902$31,590$24,170$18,346$8,464
24 years$49,675$38,322$29,216$22,044$16,489$7,297
25 years$47,180$35,964$27,059$20,132$14,838$6,296
26 years$44,881$33,800$25,096$18,408$13,365$5,435
27 years$42,756$31,810$23,304$16,849$12,050$4,694
28 years$40,787$29,974$21,664$15,437$10,873$4,056
29 years$38,956$28,277$20,160$14,156$9,818$3,506
30 years$37,251$26,705$18,779$12,992$8,871$3,032
31 years$35,659$25,245$17,507$11,932$8,020$2,622
32 years$34,169$23,887$16,334$10,966$7,255$2,269
33 years$32,773$22,621$15,251$10,084$6,566$1,963
34 years$31,461$21,440$14,250$9,278$5,945$1,699
35 years$30,227$20,335$13,323$8,541$5,384$1,471
36 years$29,065$19,301$12,463$7,866$4,878$1,274
37 years$27,967$18,332$11,665$7,248$4,421$1,103
38 years$26,930$17,422$10,924$6,680$4,008$955
39 years$25,949$16,566$10,235$6,160$3,635$827
40 years$25,019$15,761$9,593$5,681$3,297$716
41 years$24,137$15,003$8,995$5,242$2,991$620
42 years$23,299$14,289$8,438$4,838$2,714$537
43 years$22,502$13,614$7,918$4,466$2,463$466
44 years$21,743$12,977$7,432$4,123$2,236$403
45 years$21,020$12,375$6,978$3,808$2,030$349
46 years$20,331$11,805$6,554$3,517$1,843$303
47 years$19,673$11,266$6,158$3,250$1,674$262
48 years$19,044$10,755$5,786$3,003$1,520$227
49 years$18,443$10,270$5,439$2,775$1,380$197
50 years$17,867$9,810$5,113$2,565$1,254$171

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 $5,471 every year, while hoping to spend $28,936 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: 64/8/28 Blend
69$18,300,000$18,300,000$18,300,000$18,300,000
70$20,172,243$19,202,343$18,918,693$21,312,788
71$22,199,024$20,112,470$19,521,682$22,995,970
72$24,431,567$21,066,224$20,143,901$24,830,711
73$26,890,830$22,065,711$20,785,964$26,834,935
74$29,599,904$23,113,141$21,448,504$29,025,299
75$32,584,241$24,210,831$22,132,174$31,420,134
76$35,871,881$25,361,210$22,837,650$34,039,617
77$39,493,728$26,566,825$23,565,627$36,905,960
78$43,483,836$27,830,346$24,316,823$40,043,611
79$47,879,730$29,154,576$25,091,979$43,479,485
80$52,722,762$30,542,449$25,891,860$47,243,216
81$58,058,501$31,997,047$26,717,254$51,367,430
82$63,937,163$33,521,597$27,568,977$55,888,048
83$70,414,084$35,119,486$28,447,869$60,844,627
84$77,550,245$36,794,265$29,354,796$66,280,723
85$85,412,842$38,549,656$30,290,654$72,244,301
86$94,075,927$40,389,565$31,256,366$78,788,182
87$103,621,103$42,318,084$32,252,886$85,970,539
88$114,138,293$44,339,508$33,281,195$93,855,438
89$125,726,594$46,458,339$34,342,310$102,513,442
90$138,495,207$48,679,298$35,437,278$112,022,267
91$152,564,469$51,007,335$36,567,178$122,467,513
92$168,066,994$53,447,643$37,733,127$133,943,468
93$185,148,916$56,005,666$38,936,276$146,553,989
94$203,971,275$58,687,113$40,177,810$160,413,475
95$224,711,535$61,497,972$41,458,958$175,647,947
96$247,565,261$64,444,522$42,780,982$192,396,225
97$272,747,961$67,533,347$44,145,188$210,811,233
98$300,497,124$70,771,352$45,552,923$231,061,437
99$331,074,461$74,165,779$47,005,576$253,332,427
100$364,768,375$77,724,221$48,504,582$277,828,659