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%12.1%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,470,149
2 years$760,381$746,220$732,495$719,188$706,281$693,140
3 years$501,886$487,663$473,973$460,791$448,094$435,259
4 years$372,663$358,484$344,931$331,974$319,584$307,155
5 years$295,150$281,056$267,681$254,988$242,943$230,956
6 years$243,491$229,503$216,326$203,916$192,232$180,703
7 years$206,606$192,736$179,768$167,650$156,336$145,270
8 years$178,956$165,211$152,457$140,638$129,696$119,092
9 years$157,461$143,846$131,311$119,792$109,223$99,078
10 years$140,275$126,793$114,480$103,262$93,063$83,371
11 years$126,223$112,876$100,787$89,869$80,038$70,791
12 years$114,521$101,312$89,446$78,827$69,359$60,549
13 years$104,628$91,556$79,914$69,593$60,482$52,099
14 years$96,155$83,222$71,803$61,776$53,018$45,051
15 years$88,818$76,025$64,828$55,094$46,682$39,119
16 years$82,405$69,751$58,776$49,330$41,257$34,088
17 years$76,752$64,238$53,484$44,323$36,582$29,792
18 years$71,733$59,359$48,824$39,944$32,527$26,104
19 years$67,248$55,013$44,696$36,093$28,992$22,924
20 years$63,216$51,121$41,020$32,689$25,896$20,169
21 years$59,572$47,617$37,730$29,667$23,174$17,774
22 years$56,265$44,449$34,774$26,974$20,772$15,686
23 years$53,249$41,572$32,108$24,566$18,646$13,861
24 years$50,489$38,951$29,694$22,406$16,760$12,262
25 years$47,954$36,553$27,503$20,462$15,081$10,858
26 years$45,617$34,354$25,508$18,710$13,585$9,622
27 years$43,457$32,331$23,686$17,125$12,248$8,534
28 years$41,455$30,466$22,019$15,690$11,051$7,574
29 years$39,595$28,741$20,491$14,388$9,979$6,725
30 years$37,862$27,143$19,086$13,205$9,017$5,975
31 years$36,243$25,659$17,794$12,128$8,152$5,311
32 years$34,729$24,278$16,602$11,146$7,374$4,722
33 years$33,310$22,992$15,501$10,249$6,673$4,200
34 years$31,977$21,791$14,483$9,430$6,042$3,738
35 years$30,723$20,669$13,541$8,681$5,473$3,327
36 years$29,541$19,618$12,667$7,995$4,958$2,962
37 years$28,426$18,632$11,856$7,366$4,494$2,637
38 years$27,372$17,707$11,103$6,790$4,074$2,349
39 years$26,374$16,838$10,402$6,261$3,695$2,092
40 years$25,429$16,020$9,750$5,774$3,351$1,864
41 years$24,532$15,249$9,142$5,328$3,040$1,661
42 years$23,681$14,523$8,576$4,917$2,759$1,480
43 years$22,871$13,837$8,047$4,539$2,504$1,319
44 years$22,099$13,190$7,554$4,191$2,273$1,176
45 years$21,365$12,578$7,093$3,870$2,063$1,048
46 years$20,664$11,999$6,662$3,575$1,873$934
47 years$19,995$11,450$6,259$3,303$1,701$833
48 years$19,356$10,931$5,881$3,052$1,545$743
49 years$18,745$10,439$5,528$2,821$1,403$662
50 years$18,160$9,971$5,197$2,607$1,274$591

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 $6,045 every year, while hoping to spend $27,346 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: 61/30/9 Blend
69$18,600,000$18,600,000$18,600,000$18,600,000
70$20,503,435$19,517,635$19,229,335$21,713,137
71$22,565,690$20,444,904$19,844,422$23,451,274
72$24,837,378$21,416,691$20,479,198$25,343,287
73$27,339,833$22,435,151$21,134,293$27,407,005
74$30,096,562$23,502,541$21,810,359$29,659,004
75$33,133,473$24,621,226$22,508,067$32,117,504
76$36,479,111$25,793,690$23,228,111$34,802,541
77$40,164,933$27,022,534$23,971,206$37,736,146
78$44,225,606$28,310,488$24,738,091$40,942,550
79$48,699,328$29,660,412$25,529,527$44,448,404
80$53,628,195$31,075,308$26,346,302$48,283,021
81$59,058,596$32,558,323$27,189,228$52,478,651
82$65,041,647$34,112,755$28,059,141$57,070,772
83$71,633,680$35,742,065$28,956,908$62,098,422
84$78,896,771$37,449,882$29,883,420$67,604,552
85$86,899,326$39,240,010$30,839,598$73,636,432
86$95,716,726$41,116,440$31,826,394$80,246,077
87$105,432,042$43,083,355$32,844,788$87,490,737
88$116,136,814$45,145,144$33,895,793$95,433,424
89$127,931,921$47,306,407$34,980,453$104,143,494
90$140,928,526$49,571,971$36,099,848$113,697,293
91$155,249,134$51,946,895$37,255,090$124,178,867
92$171,028,739$54,436,486$38,447,329$135,680,740
93$188,416,105$57,046,309$39,677,750$148,304,775
94$207,575,170$59,782,201$40,947,577$162,163,125
95$228,686,589$62,650,280$42,258,073$177,379,273
96$251,949,444$65,656,966$43,610,540$194,089,187
97$277,583,119$68,808,990$45,006,326$212,442,586
98$305,829,377$72,113,410$46,446,817$232,604,338
99$336,954,636$75,577,629$47,933,448$254,755,997
100$371,252,486$79,209,411$49,467,696$279,097,503