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

Use the below retirement simulation to view the chances of a successful retirement.
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%15.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,459,267
2 years$764,470$750,232$736,434$723,055$710,078$678,098
3 years$504,584$490,285$476,521$463,268$450,503$419,438
4 years$374,667$360,411$346,785$333,759$321,302$291,391
5 years$296,736$282,567$269,120$256,359$244,249$215,577
6 years$244,800$230,737$217,489$205,012$193,266$165,863
7 years$207,717$193,773$180,734$168,552$157,177$131,048
8 years$179,918$166,099$153,277$141,394$130,393$105,531
9 years$158,307$144,619$132,017$120,436$109,810$86,195
10 years$141,029$127,475$115,096$103,817$93,564$71,173
11 years$126,902$113,483$101,328$90,352$80,468$59,273
12 years$115,137$101,856$89,926$79,251$69,732$49,700
13 years$105,190$92,048$80,343$69,967$60,807$41,903
14 years$96,672$83,669$72,189$62,109$53,303$35,490
15 years$89,296$76,434$65,177$55,390$46,933$30,170
16 years$82,848$70,126$59,092$49,596$41,479$25,728
17 years$77,165$64,584$53,772$44,561$36,778$21,996
18 years$72,119$59,678$49,087$40,159$32,702$18,847
19 years$67,609$55,309$44,936$36,287$29,148$16,179
20 years$63,555$51,396$41,240$32,865$26,035$13,911
21 years$59,893$47,873$37,933$29,827$23,299$11,976
22 years$56,567$44,688$34,961$27,119$20,884$10,322
23 years$53,535$41,796$32,281$24,698$18,747$8,906
24 years$50,760$39,160$29,854$22,526$16,850$7,690
25 years$48,211$36,750$27,651$20,572$15,162$6,645
26 years$45,862$34,539$25,645$18,810$13,658$5,745
27 years$43,691$32,505$23,813$17,217$12,314$4,970
28 years$41,678$30,629$22,138$15,775$11,111$4,302
29 years$39,808$28,895$20,601$14,466$10,033$3,725
30 years$38,065$27,288$19,189$13,276$9,065$3,226
31 years$36,438$25,797$17,889$12,193$8,196$2,795
32 years$34,916$24,409$16,691$11,206$7,414$2,422
33 years$33,489$23,116$15,585$10,305$6,709$2,100
34 years$32,149$21,908$14,561$9,481$6,075$1,820
35 years$30,888$20,780$13,614$8,728$5,502$1,578
36 years$29,700$19,723$12,735$8,038$4,985$1,369
37 years$28,579$18,732$11,920$7,406$4,518$1,187
38 years$27,519$17,802$11,163$6,826$4,096$1,030
39 years$26,516$16,928$10,458$6,294$3,714$893
40 years$25,566$16,106$9,802$5,806$3,369$775
41 years$24,664$15,331$9,192$5,356$3,057$673
42 years$23,808$14,601$8,622$4,943$2,774$584
43 years$22,993$13,912$8,091$4,563$2,517$506
44 years$22,218$13,261$7,594$4,213$2,285$439
45 years$21,480$12,645$7,131$3,891$2,074$381
46 years$20,775$12,063$6,698$3,594$1,883$331
47 years$20,103$11,512$6,292$3,321$1,710$287
48 years$19,460$10,990$5,913$3,068$1,553$249
49 years$18,846$10,495$5,558$2,836$1,410$216
50 years$18,258$10,025$5,225$2,621$1,281$188

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 $5,014 every year, while hoping to spend $56,503 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: 43/37/20 Blend
69$18,700,000$18,700,000$18,700,000$18,700,000
70$20,612,572$19,621,472$19,331,622$21,378,646
71$22,654,936$20,522,805$19,919,113$22,822,194
72$24,903,726$21,466,410$20,524,390$24,379,289
73$27,379,941$22,454,298$21,147,991$26,065,129
74$30,106,714$23,488,578$21,790,468$27,891,611
75$33,109,539$24,571,459$22,452,390$29,871,791
76$36,416,509$25,705,258$23,134,342$32,020,000
77$40,058,579$26,892,401$23,836,928$34,351,973
78$44,069,858$28,135,433$24,560,769$36,884,991
79$48,487,935$29,437,021$25,306,507$39,638,031
80$53,354,229$30,799,960$26,074,799$42,631,944
81$58,714,382$32,227,179$26,866,326$45,889,633
82$64,618,688$33,721,749$27,681,787$49,436,268
83$71,122,569$35,286,890$28,521,902$53,299,509
84$78,287,098$36,925,975$29,387,413$57,509,761
85$86,179,576$38,642,541$30,279,084$62,100,445
86$94,874,162$40,440,295$31,197,704$67,108,303
87$104,452,581$42,323,124$32,144,081$72,573,739
88$115,004,888$44,295,101$33,119,052$78,541,179
89$126,630,322$46,360,497$34,123,476$85,059,483
90$139,438,241$48,523,787$35,158,238$92,182,394
91$153,549,154$50,789,665$36,224,251$99,969,026
92$169,095,858$53,163,049$37,322,454$108,484,410
93$186,224,695$55,649,097$38,453,815$117,800,091
94$205,096,925$58,253,215$39,619,330$127,994,792
95$225,890,259$60,981,070$40,820,025$139,155,133
96$248,800,526$63,838,603$42,056,956$151,376,434
97$274,043,529$66,832,043$43,331,213$164,763,598
98$301,857,076$69,967,921$44,643,916$179,432,081
99$332,503,230$73,253,081$45,996,220$195,508,959
100$366,270,779$76,694,701$47,389,312$213,134,108