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%16.2%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,453,347
2 years$764,470$750,232$736,434$723,055$710,078$672,223
3 years$504,584$490,285$476,521$463,268$450,503$413,794
4 years$374,667$360,411$346,785$333,759$321,302$286,023
5 years$296,736$282,567$269,120$256,359$244,249$210,496
6 years$244,800$230,737$217,489$205,012$193,266$161,073
7 years$207,717$193,773$180,734$168,552$157,177$126,547
8 years$179,918$166,099$153,277$141,394$130,393$101,313
9 years$158,307$144,619$132,017$120,436$109,810$82,254
10 years$141,029$127,475$115,096$103,817$93,564$67,499
11 years$126,902$113,483$101,328$90,352$80,468$55,856
12 years$115,137$101,856$89,926$79,251$69,732$46,530
13 years$105,190$92,048$80,343$69,967$60,807$38,969
14 years$96,672$83,669$72,189$62,109$53,303$32,780
15 years$89,296$76,434$65,177$55,390$46,933$27,673
16 years$82,848$70,126$59,092$49,596$41,479$23,431
17 years$77,165$64,584$53,772$44,561$36,778$19,888
18 years$72,119$59,678$49,087$40,159$32,702$16,916
19 years$67,609$55,309$44,936$36,287$29,148$14,414
20 years$63,555$51,396$41,240$32,865$26,035$12,299
21 years$59,893$47,873$37,933$29,827$23,299$10,508
22 years$56,567$44,688$34,961$27,119$20,884$8,987
23 years$53,535$41,796$32,281$24,698$18,747$7,693
24 years$50,760$39,160$29,854$22,526$16,850$6,591
25 years$48,211$36,750$27,651$20,572$15,162$5,650
26 years$45,862$34,539$25,645$18,810$13,658$4,846
27 years$43,691$32,505$23,813$17,217$12,314$4,158
28 years$41,678$30,629$22,138$15,775$11,111$3,570
29 years$39,808$28,895$20,601$14,466$10,033$3,066
30 years$38,065$27,288$19,189$13,276$9,065$2,633
31 years$36,438$25,797$17,889$12,193$8,196$2,263
32 years$34,916$24,409$16,691$11,206$7,414$1,945
33 years$33,489$23,116$15,585$10,305$6,709$1,672
34 years$32,149$21,908$14,561$9,481$6,075$1,437
35 years$30,888$20,780$13,614$8,728$5,502$1,236
36 years$29,700$19,723$12,735$8,038$4,985$1,063
37 years$28,579$18,732$11,920$7,406$4,518$914
38 years$27,519$17,802$11,163$6,826$4,096$786
39 years$26,516$16,928$10,458$6,294$3,714$676
40 years$25,566$16,106$9,802$5,806$3,369$582
41 years$24,664$15,331$9,192$5,356$3,057$500
42 years$23,808$14,601$8,622$4,943$2,774$431
43 years$22,993$13,912$8,091$4,563$2,517$370
44 years$22,218$13,261$7,594$4,213$2,285$319
45 years$21,480$12,645$7,131$3,891$2,074$274
46 years$20,775$12,063$6,698$3,594$1,883$236
47 years$20,103$11,512$6,292$3,321$1,710$203
48 years$19,460$10,990$5,913$3,068$1,553$175
49 years$18,846$10,495$5,558$2,836$1,410$150
50 years$18,258$10,025$5,225$2,621$1,281$129

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 $2,120 every year, while hoping to spend $27,480 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: 53/32/15 Blend
69$18,700,000$18,700,000$18,700,000$18,700,000
70$20,609,587$19,618,487$19,328,637$21,619,027
71$22,682,526$20,550,554$19,946,908$23,240,822
72$24,965,984$21,527,372$20,584,969$25,001,381
73$27,481,405$22,551,103$21,243,456$26,916,337
74$30,252,419$23,624,018$21,923,023$29,000,354
75$33,305,065$24,748,495$22,624,344$31,269,545
76$36,668,039$25,927,028$23,348,116$33,741,614
77$40,372,961$27,162,234$24,095,060$36,436,020
78$44,454,675$28,456,855$24,865,916$39,374,149
79$48,951,579$29,813,769$25,661,452$42,579,514
80$53,905,988$31,235,991$26,482,458$46,077,962
81$59,364,528$32,726,685$27,329,751$49,897,915
82$65,378,584$34,289,166$28,204,171$54,070,630
83$72,004,778$35,926,914$29,106,589$58,630,478
84$79,305,508$37,643,575$30,037,902$63,615,268
85$87,349,534$39,442,974$30,999,036$69,066,586
86$96,212,628$41,329,122$31,990,946$75,030,184
87$105,978,292$43,306,224$33,014,618$81,556,396
88$116,738,540$45,378,692$34,071,070$88,700,602
89$128,594,774$47,551,150$35,161,354$96,523,743
90$141,658,733$49,828,449$36,286,552$105,092,877
91$156,053,557$52,215,675$37,447,784$114,481,806
92$171,914,939$54,718,163$38,646,204$124,771,753
93$189,392,416$57,341,507$39,883,005$136,052,120
94$208,650,774$60,091,572$41,159,417$148,421,310
95$229,871,605$62,974,510$42,476,709$161,987,647
96$253,255,021$65,996,774$43,836,192$176,870,377
97$279,021,546$69,165,129$45,239,217$193,200,781
98$307,414,194$72,486,671$46,687,181$211,123,390
99$338,700,764$75,968,840$48,181,524$230,797,339
100$373,176,370$79,619,440$49,723,733$252,397,839