Can I retire at age 70 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,444,840
2 years$756,293$742,208$728,557$715,322$702,484$672,018
3 years$499,187$485,041$471,425$458,314$445,685$416,081
4 years$370,659$356,557$343,077$330,189$317,866$289,351
5 years$293,563$279,545$266,242$253,617$241,637$214,292
6 years$242,182$228,269$215,163$202,820$191,199$165,054
7 years$205,496$191,700$178,801$166,749$155,496$130,556
8 years$177,994$164,322$151,638$139,882$128,999$105,257
9 years$156,614$143,072$130,605$119,148$108,636$86,075
10 years$139,521$126,111$113,865$102,707$92,563$71,161
11 years$125,544$112,269$100,245$89,386$79,607$59,338
12 years$113,906$100,767$88,965$78,403$68,986$49,819
13 years$104,065$91,064$79,484$69,218$60,157$42,060
14 years$95,638$82,775$71,417$61,444$52,733$35,671
15 years$88,341$75,616$64,480$54,798$46,431$30,366
16 years$81,962$69,376$58,460$49,065$41,036$25,932
17 years$76,340$63,893$53,197$44,085$36,385$22,203
18 years$71,347$59,040$48,562$39,729$32,352$19,052
19 years$66,886$54,718$44,456$35,899$28,836$16,379
20 years$62,876$50,846$40,799$32,513$25,757$14,104
21 years$59,252$47,361$37,528$29,508$23,049$12,161
22 years$55,962$44,210$34,587$26,829$20,660$10,498
23 years$52,963$41,349$31,935$24,434$18,546$9,071
24 years$50,218$38,741$29,535$22,285$16,670$7,845
25 years$47,696$36,357$27,355$20,352$15,000$6,790
26 years$45,372$34,169$25,371$18,609$13,512$5,880
27 years$43,224$32,157$23,559$17,033$12,182$5,095
28 years$41,232$30,302$21,901$15,606$10,992$4,417
29 years$39,382$28,586$20,381$14,311$9,925$3,831
30 years$37,658$26,997$18,984$13,134$8,968$3,323
31 years$36,048$25,521$17,698$12,063$8,108$2,884
32 years$34,543$24,148$16,513$11,086$7,334$2,504
33 years$33,131$22,868$15,418$10,194$6,638$2,174
34 years$31,805$21,674$14,406$9,380$6,010$1,888
35 years$30,558$20,557$13,468$8,635$5,443$1,640
36 years$29,382$19,512$12,599$7,952$4,932$1,424
37 years$28,273$18,532$11,793$7,327$4,470$1,238
38 years$27,225$17,612$11,043$6,753$4,052$1,075
39 years$26,233$16,747$10,346$6,227$3,675$934
40 years$25,292$15,934$9,698$5,743$3,333$812
41 years$24,400$15,167$9,093$5,299$3,024$706
42 years$23,553$14,445$8,530$4,890$2,744$614
43 years$22,748$13,763$8,004$4,514$2,490$533
44 years$21,981$13,119$7,513$4,168$2,260$464
45 years$21,250$12,510$7,055$3,850$2,052$403
46 years$20,553$11,934$6,626$3,556$1,863$350
47 years$19,888$11,389$6,225$3,285$1,692$305
48 years$19,252$10,872$5,850$3,036$1,536$265
49 years$18,644$10,382$5,498$2,805$1,395$230
50 years$18,062$9,918$5,169$2,593$1,267$200

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,500,000, adding $5,908 every year, while hoping to spend $50,720 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: 53/24/23 Blend
69$18,500,000$18,500,000$18,500,000$18,500,000
70$20,393,094$19,412,594$19,125,844$21,343,966
71$22,419,224$20,309,846$19,712,594$22,897,129
72$24,650,319$21,249,362$20,317,300$24,580,622
73$27,107,233$22,233,162$20,940,511$26,411,557
74$29,812,943$23,263,359$21,582,790$28,404,023
75$32,792,769$24,342,170$22,244,720$30,573,503
76$36,074,614$25,471,919$22,926,901$32,937,022
77$39,689,222$26,655,040$23,629,949$35,513,296
78$43,670,472$27,894,086$24,354,502$38,322,908
79$48,055,697$29,191,734$25,101,215$41,388,491
80$52,886,037$30,550,788$25,870,764$44,734,940
81$58,206,824$31,974,188$26,663,846$48,389,639
82$64,068,014$33,465,016$27,481,179$52,382,711
83$70,524,654$35,026,504$28,323,500$56,747,296
84$77,637,404$36,662,039$29,191,574$61,519,859
85$85,473,112$38,375,171$30,086,183$66,740,520
86$94,105,437$40,169,622$31,008,138$72,453,433
87$103,615,552$42,049,295$31,958,272$78,707,188
88$114,092,907$44,018,279$32,937,443$85,555,263
89$125,636,072$46,080,863$33,946,536$93,056,518
90$138,353,670$48,241,543$34,986,462$101,275,745
91$152,365,397$50,505,032$36,058,162$110,284,264
92$167,803,161$52,876,271$37,162,603$120,160,591
93$184,812,315$55,360,441$38,300,783$130,991,163
94$203,553,040$57,962,971$39,473,728$142,871,146
95$224,201,850$60,689,557$40,682,497$155,905,321
96$246,953,260$63,546,166$41,928,182$170,209,058
97$272,021,623$66,539,059$43,211,907$185,909,395
98$299,643,151$69,674,795$44,534,828$203,146,223
99$330,078,148$72,960,256$45,898,141$222,073,590
100$363,613,463$76,402,653$47,303,073$242,861,142