Can I retire at age 70 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,435,404
2 years$764,470$750,232$736,434$723,055$710,078$654,539
3 years$504,584$490,285$476,521$463,268$450,503$396,932
4 years$374,667$360,411$346,785$333,759$321,302$270,108
5 years$296,736$282,567$269,120$256,359$244,249$195,564
6 years$244,800$230,737$217,489$205,012$193,266$147,124
7 years$207,717$193,773$180,734$168,552$157,177$113,566
8 years$179,918$166,099$153,277$141,394$130,393$89,273
9 years$158,307$144,619$132,017$120,436$109,810$71,123
10 years$141,029$127,475$115,096$103,817$93,564$57,240
11 years$126,902$113,483$101,328$90,352$80,468$46,428
12 years$115,137$101,856$89,926$79,251$69,732$37,889
13 years$105,190$92,048$80,343$69,967$60,807$31,072
14 years$96,672$83,669$72,189$62,109$53,303$25,581
15 years$89,296$76,434$65,177$55,390$46,933$21,127
16 years$82,848$70,126$59,092$49,596$41,479$17,494
17 years$77,165$64,584$53,772$44,561$36,778$14,515
18 years$72,119$59,678$49,087$40,159$32,702$12,065
19 years$67,609$55,309$44,936$36,287$29,148$10,042
20 years$63,555$51,396$41,240$32,865$26,035$8,368
21 years$59,893$47,873$37,933$29,827$23,299$6,981
22 years$56,567$44,688$34,961$27,119$20,884$5,828
23 years$53,535$41,796$32,281$24,698$18,747$4,868
24 years$50,760$39,160$29,854$22,526$16,850$4,069
25 years$48,211$36,750$27,651$20,572$15,162$3,403
26 years$45,862$34,539$25,645$18,810$13,658$2,847
27 years$43,691$32,505$23,813$17,217$12,314$2,382
28 years$41,678$30,629$22,138$15,775$11,111$1,994
29 years$39,808$28,895$20,601$14,466$10,033$1,669
30 years$38,065$27,288$19,189$13,276$9,065$1,398
31 years$36,438$25,797$17,889$12,193$8,196$1,171
32 years$34,916$24,409$16,691$11,206$7,414$981
33 years$33,489$23,116$15,585$10,305$6,709$822
34 years$32,149$21,908$14,561$9,481$6,075$688
35 years$30,888$20,780$13,614$8,728$5,502$577
36 years$29,700$19,723$12,735$8,038$4,985$483
37 years$28,579$18,732$11,920$7,406$4,518$405
38 years$27,519$17,802$11,163$6,826$4,096$339
39 years$26,516$16,928$10,458$6,294$3,714$284
40 years$25,566$16,106$9,802$5,806$3,369$238
41 years$24,664$15,331$9,192$5,356$3,057$200
42 years$23,808$14,601$8,622$4,943$2,774$167
43 years$22,993$13,912$8,091$4,563$2,517$140
44 years$22,218$13,261$7,594$4,213$2,285$118
45 years$21,480$12,645$7,131$3,891$2,074$99
46 years$20,775$12,063$6,698$3,594$1,883$83
47 years$20,103$11,512$6,292$3,321$1,710$69
48 years$19,460$10,990$5,913$3,068$1,553$58
49 years$18,846$10,495$5,558$2,836$1,410$49
50 years$18,258$10,025$5,225$2,621$1,281$41

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,700,000, adding $2,769 every year, while hoping to spend $21,684 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: 46/32/22 Blend
69$18,700,000$18,700,000$18,700,000$18,700,000
70$20,610,256$19,619,156$19,329,306$21,428,214
71$22,689,431$20,557,423$19,953,766$22,940,944
72$24,979,954$21,540,939$20,598,419$24,578,828
73$27,503,362$22,571,897$21,263,918$26,355,433
74$30,283,383$23,652,598$21,950,938$28,283,713
75$33,346,169$24,785,457$22,660,176$30,377,894
76$36,720,537$25,973,002$23,392,350$32,653,596
77$40,438,242$27,217,889$24,148,203$35,127,976
78$44,534,277$28,522,900$24,928,503$37,819,882
79$49,047,204$29,890,954$25,734,039$40,750,021
80$54,019,519$31,325,110$26,565,629$43,941,149
81$59,498,049$32,828,580$27,424,117$47,418,271
82$65,534,398$34,404,728$28,310,373$51,208,876
83$72,185,433$36,057,086$29,225,296$55,343,180
84$79,513,818$37,789,355$30,169,815$59,854,402
85$87,588,611$39,605,417$31,144,888$64,779,070
86$96,485,912$41,509,344$32,151,503$70,157,353
87$106,289,579$43,505,407$33,190,683$76,033,426
88$117,092,028$45,598,083$34,263,482$82,455,878
89$128,995,094$47,792,068$35,370,989$89,478,157
90$142,111,003$50,092,289$36,514,326$97,159,062
91$156,563,425$52,503,911$37,694,656$105,563,280
92$172,488,642$55,032,351$38,913,175$114,761,987
93$190,036,838$57,683,290$40,171,120$124,833,502
94$209,373,512$60,462,688$41,469,769$135,864,012
95$230,681,043$63,376,793$42,810,440$147,948,364
96$254,160,413$66,432,159$44,194,493$161,190,951
97$280,033,101$69,635,660$45,623,334$175,706,671
98$308,543,175$72,994,505$47,098,413$191,621,997
99$339,959,597$76,516,254$48,621,228$209,076,151
100$374,578,762$80,208,837$50,193,326$228,222,393