Can I retire at age 70 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,476,940
2 years$760,381$746,220$732,495$719,188$706,281$699,972
3 years$501,886$487,663$473,973$460,791$448,094$441,920
4 years$372,663$358,484$344,931$331,974$319,584$313,593
5 years$295,150$281,056$267,681$254,988$242,943$237,153
6 years$243,491$229,503$216,326$203,916$192,232$186,651
7 years$206,606$192,736$179,768$167,650$156,336$150,966
8 years$178,956$165,211$152,457$140,638$129,696$124,537
9 years$157,461$143,846$131,311$119,792$109,223$104,274
10 years$140,275$126,793$114,480$103,262$93,063$88,323
11 years$126,223$112,876$100,787$89,869$80,038$75,503
12 years$114,521$101,312$89,446$78,827$69,359$65,026
13 years$104,628$91,556$79,914$69,593$60,482$56,347
14 years$96,155$83,222$71,803$61,776$53,018$49,076
15 years$88,818$76,025$64,828$55,094$46,682$42,928
16 years$82,405$69,751$58,776$49,330$41,257$37,687
17 years$76,752$64,238$53,484$44,323$36,582$33,189
18 years$71,733$59,359$48,824$39,944$32,527$29,307
19 years$67,248$55,013$44,696$36,093$28,992$25,939
20 years$63,216$51,121$41,020$32,689$25,896$23,004
21 years$59,572$47,617$37,730$29,667$23,174$20,438
22 years$56,265$44,449$34,774$26,974$20,772$18,186
23 years$53,249$41,572$32,108$24,566$18,646$16,204
24 years$50,489$38,951$29,694$22,406$16,760$14,455
25 years$47,954$36,553$27,503$20,462$15,081$12,909
26 years$45,617$34,354$25,508$18,710$13,585$11,539
27 years$43,457$32,331$23,686$17,125$12,248$10,323
28 years$41,455$30,466$22,019$15,690$11,051$9,241
29 years$39,595$28,741$20,491$14,388$9,979$8,279
30 years$37,862$27,143$19,086$13,205$9,017$7,421
31 years$36,243$25,659$17,794$12,128$8,152$6,655
32 years$34,729$24,278$16,602$11,146$7,374$5,972
33 years$33,310$22,992$15,501$10,249$6,673$5,360
34 years$31,977$21,791$14,483$9,430$6,042$4,813
35 years$30,723$20,669$13,541$8,681$5,473$4,324
36 years$29,541$19,618$12,667$7,995$4,958$3,885
37 years$28,426$18,632$11,856$7,366$4,494$3,492
38 years$27,372$17,707$11,103$6,790$4,074$3,139
39 years$26,374$16,838$10,402$6,261$3,695$2,823
40 years$25,429$16,020$9,750$5,774$3,351$2,538
41 years$24,532$15,249$9,142$5,328$3,040$2,283
42 years$23,681$14,523$8,576$4,917$2,759$2,054
43 years$22,871$13,837$8,047$4,539$2,504$1,848
44 years$22,099$13,190$7,554$4,191$2,273$1,663
45 years$21,365$12,578$7,093$3,870$2,063$1,497
46 years$20,664$11,999$6,662$3,575$1,873$1,347
47 years$19,995$11,450$6,259$3,303$1,701$1,213
48 years$19,356$10,931$5,881$3,052$1,545$1,092
49 years$18,745$10,439$5,528$2,821$1,403$983
50 years$18,160$9,971$5,197$2,607$1,274$885

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,600,000, adding $2,346 every year, while hoping to spend $39,631 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$18,600,000$18,600,000$18,600,000$18,600,000
70$20,499,620$19,513,820$19,225,520$22,185,019
71$22,548,414$20,427,830$19,827,408$24,202,006
72$24,804,857$21,385,298$20,448,131$26,411,658
73$27,290,087$22,388,313$21,088,277$28,837,695
74$30,027,397$23,439,061$21,748,456$31,501,862
75$33,042,455$24,539,839$22,429,293$34,428,111
76$36,363,545$25,693,051$23,131,434$37,642,825
77$40,021,836$26,901,219$23,855,546$41,175,063
78$44,051,672$28,166,987$24,602,315$45,056,835
79$48,490,901$29,493,128$25,372,451$49,323,401
80$53,381,229$30,882,548$26,166,685$54,013,603
81$58,768,614$32,338,293$26,985,769$59,170,231
82$64,703,702$33,863,558$27,830,481$64,840,421
83$71,242,301$35,461,693$28,701,623$71,076,100
84$78,445,909$37,136,210$29,600,021$77,934,476
85$86,382,297$38,890,790$30,526,528$85,478,572
86$95,126,147$40,729,294$31,482,021$93,777,822
87$104,759,754$42,655,769$32,467,409$102,908,721
88$115,373,807$44,674,461$33,483,626$112,955,547
89$127,068,244$46,789,817$34,531,636$124,011,153
90$139,953,192$49,006,505$35,612,432$136,177,840
91$154,150,009$51,329,416$36,727,041$149,568,321
92$169,792,433$53,763,680$37,876,520$164,306,782
93$187,027,836$56,314,675$39,061,958$180,530,050
94$206,018,622$58,988,042$40,284,481$198,388,883
95$226,943,758$61,789,692$41,545,247$218,049,389
96$250,000,462$64,725,827$42,845,453$239,694,589
97$275,406,065$67,802,949$44,186,332$263,526,146
98$303,400,065$71,027,875$45,569,155$289,766,258
99$334,246,384$74,407,753$46,995,235$318,659,759
100$368,235,863$77,950,080$48,465,922$350,476,420