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%17.3%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,415,959
2 years$748,117$734,184$720,681$707,589$694,889$651,615
3 years$493,791$479,798$466,328$453,359$440,866$398,982
4 years$366,652$352,702$339,368$326,620$314,430$274,257
5 years$290,389$276,523$263,363$250,875$239,024$200,672
6 years$239,564$225,802$212,837$200,627$189,132$152,635
7 years$203,274$189,628$176,868$164,946$153,815$119,172
8 years$176,069$162,546$149,998$138,369$127,604$94,794
9 years$154,921$141,526$129,193$117,860$107,461$76,450
10 years$138,012$124,748$112,634$101,597$91,562$62,307
11 years$124,187$111,056$99,161$88,419$78,747$51,197
12 years$112,674$99,678$88,003$77,556$68,240$42,341
13 years$102,940$90,079$78,625$68,470$59,507$35,199
14 years$94,604$81,880$70,645$60,780$52,163$29,385
15 years$87,386$74,799$63,783$54,205$45,929$24,616
16 years$81,076$68,626$57,828$48,535$40,592$20,679
17 years$75,514$63,202$52,621$43,608$35,992$17,412
18 years$70,576$58,402$48,037$39,300$32,002$14,690
19 years$66,163$54,126$43,975$35,511$28,524$12,414
20 years$62,196$50,297$40,358$32,162$25,478$10,504
21 years$58,611$46,849$37,122$29,189$22,800$8,899
22 years$55,357$43,732$34,214$26,539$20,437$7,546
23 years$52,390$40,902$31,590$24,170$18,346$6,404
24 years$49,675$38,322$29,216$22,044$16,489$5,439
25 years$47,180$35,964$27,059$20,132$14,838$4,621
26 years$44,881$33,800$25,096$18,408$13,365$3,929
27 years$42,756$31,810$23,304$16,849$12,050$3,341
28 years$40,787$29,974$21,664$15,437$10,873$2,843
29 years$38,956$28,277$20,160$14,156$9,818$2,419
30 years$37,251$26,705$18,779$12,992$8,871$2,060
31 years$35,659$25,245$17,507$11,932$8,020$1,754
32 years$34,169$23,887$16,334$10,966$7,255$1,493
33 years$32,773$22,621$15,251$10,084$6,566$1,272
34 years$31,461$21,440$14,250$9,278$5,945$1,084
35 years$30,227$20,335$13,323$8,541$5,384$923
36 years$29,065$19,301$12,463$7,866$4,878$787
37 years$27,967$18,332$11,665$7,248$4,421$670
38 years$26,930$17,422$10,924$6,680$4,008$571
39 years$25,949$16,566$10,235$6,160$3,635$487
40 years$25,019$15,761$9,593$5,681$3,297$415
41 years$24,137$15,003$8,995$5,242$2,991$354
42 years$23,299$14,289$8,438$4,838$2,714$301
43 years$22,502$13,614$7,918$4,466$2,463$257
44 years$21,743$12,977$7,432$4,123$2,236$219
45 years$21,020$12,375$6,978$3,808$2,030$187
46 years$20,331$11,805$6,554$3,517$1,843$159
47 years$19,673$11,266$6,158$3,250$1,674$136
48 years$19,044$10,755$5,786$3,003$1,520$116
49 years$18,443$10,270$5,439$2,775$1,380$99
50 years$17,867$9,810$5,113$2,565$1,254$84

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 $4,360 every year, while hoping to spend $52,696 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: 81/8/11 Blend
69$18,300,000$18,300,000$18,300,000$18,300,000
70$20,171,097$19,201,197$18,917,547$21,766,725
71$22,172,481$20,085,988$19,495,217$23,698,589
72$24,376,240$21,012,367$20,090,473$25,811,281
73$26,802,960$21,982,317$20,703,847$28,128,714
74$29,475,327$22,997,915$21,335,891$30,671,374
75$32,418,337$24,061,339$21,987,170$33,461,822
76$35,659,534$25,174,872$22,658,267$36,524,901
77$39,229,271$26,340,905$23,349,783$39,887,974
78$43,160,994$27,561,947$24,062,338$43,581,177
79$47,491,558$28,840,625$24,796,570$47,637,701
80$52,261,577$30,179,695$25,553,134$52,094,104
81$57,515,802$31,582,045$26,332,709$56,990,653
82$63,303,550$33,050,701$27,135,991$62,371,700
83$69,679,164$34,588,838$27,963,698$68,286,104
84$76,702,529$36,199,780$28,816,572$74,787,679
85$84,439,633$37,887,016$29,695,373$81,935,711
86$92,963,195$39,654,200$30,600,888$89,795,505
87$102,353,349$41,505,163$31,533,925$98,439,003
88$112,698,397$43,443,923$32,495,319$107,945,458
89$124,095,648$45,474,689$33,485,926$118,402,181
90$136,652,332$47,601,877$34,506,632$129,905,360
91$150,486,614$49,830,113$35,558,349$142,560,962
92$165,728,708$52,164,248$36,642,013$156,485,733
93$182,522,109$54,609,369$37,758,593$171,808,297
94$201,024,943$57,170,806$38,909,085$188,670,361
95$221,411,461$59,854,150$40,094,513$207,228,052
96$243,873,686$62,665,259$41,315,935$227,653,384
97$268,623,223$65,610,278$42,574,440$250,135,882
98$295,893,257$68,695,648$43,871,150$274,884,357
99$325,940,755$71,928,119$45,207,218$302,128,882
100$359,048,888$75,314,774$46,583,836$332,122,953