Can I retire at age 70 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,456,991
2 years$768,558$754,244$740,372$726,922$713,875$671,734
3 years$507,282$492,907$479,070$465,746$452,912$412,096
4 years$376,670$362,339$348,640$335,544$323,021$283,844
5 years$298,323$284,078$270,559$257,730$245,555$208,125
6 years$246,109$231,971$218,652$206,108$194,299$158,650
7 years$208,828$194,809$181,701$169,453$158,017$124,150
8 years$180,880$166,987$154,097$142,150$131,091$98,987
9 years$159,154$145,392$132,723$121,080$110,397$80,026
10 years$141,783$128,156$115,711$104,372$94,064$65,384
11 years$127,580$114,090$101,870$90,835$80,898$53,864
12 years$115,753$102,401$90,407$79,675$70,105$44,665
13 years$105,753$92,541$80,773$70,341$61,133$37,231
14 years$97,189$84,117$72,575$62,441$53,589$31,167
15 years$89,773$76,842$65,525$55,686$47,184$26,183
16 years$83,291$70,501$59,408$49,861$41,701$22,058
17 years$77,577$64,929$54,059$44,800$36,975$18,628
18 years$72,504$59,997$49,349$40,373$32,876$15,763
19 years$67,971$55,605$45,177$36,481$29,303$13,360
20 years$63,895$51,671$41,461$33,040$26,174$11,340
21 years$60,213$48,129$38,136$29,986$23,423$9,636
22 years$56,870$44,927$35,148$27,264$20,996$8,197
23 years$53,822$42,019$32,453$24,830$18,847$6,978
24 years$51,032$39,369$30,014$22,647$16,940$5,945
25 years$48,469$36,946$27,799$20,682$15,243$5,068
26 years$46,108$34,723$25,782$18,911$13,731$4,322
27 years$43,925$32,679$23,941$17,309$12,379$3,688
28 years$41,901$30,793$22,256$15,859$11,170$3,148
29 years$40,021$29,050$20,711$14,543$10,086$2,688
30 years$38,269$27,434$19,292$13,347$9,114$2,296
31 years$36,633$25,935$17,985$12,258$8,240$1,961
32 years$35,103$24,539$16,780$11,266$7,453$1,676
33 years$33,668$23,239$15,668$10,360$6,745$1,432
34 years$32,321$22,026$14,639$9,532$6,107$1,224
35 years$31,053$20,891$13,687$8,775$5,531$1,046
36 years$29,859$19,828$12,804$8,081$5,012$895
37 years$28,732$18,833$11,984$7,446$4,542$765
38 years$27,666$17,898$11,222$6,863$4,118$654
39 years$26,658$17,019$10,514$6,328$3,734$559
40 years$25,703$16,192$9,855$5,837$3,387$478
41 years$24,796$15,413$9,241$5,385$3,073$409
42 years$23,935$14,679$8,668$4,970$2,788$350
43 years$23,116$13,986$8,134$4,588$2,531$299
44 years$22,337$13,332$7,635$4,236$2,297$256
45 years$21,594$12,713$7,169$3,912$2,085$219
46 years$20,886$12,128$6,733$3,614$1,893$187
47 years$20,210$11,574$6,326$3,338$1,719$160
48 years$19,564$11,049$5,945$3,085$1,561$137
49 years$18,946$10,551$5,588$2,851$1,418$117
50 years$18,355$10,079$5,253$2,635$1,288$100

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,800,000, adding $3,615 every year, while hoping to spend $38,868 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: 45/36/19 Blend
69$18,800,000$18,800,000$18,800,000$18,800,000
70$20,721,329$19,724,929$19,433,529$21,540,433
71$22,793,549$20,650,095$20,043,197$23,040,296
72$25,075,833$21,619,292$20,671,986$24,661,652
73$27,589,567$22,634,635$21,320,496$26,419,085
74$30,358,315$23,698,345$21,989,345$28,325,242
75$33,408,045$24,812,746$22,679,170$30,394,003
76$36,767,374$25,980,279$23,390,630$32,640,610
77$40,467,832$27,203,499$24,124,403$35,081,798
78$44,544,169$28,485,088$24,881,188$37,735,948
79$49,034,673$29,827,856$25,661,707$40,623,252
80$53,981,539$31,234,751$26,466,703$43,765,892
81$59,431,263$32,708,861$27,296,945$47,188,244
82$65,435,083$34,253,426$28,153,224$50,917,096
83$72,049,460$35,871,842$29,036,355$54,981,888
84$79,336,614$37,567,671$29,947,182$59,414,987
85$87,365,107$39,344,646$30,886,572$64,251,973
86$96,210,496$41,206,682$31,855,420$69,531,969
87$105,956,040$43,157,883$32,854,650$75,297,995
88$116,693,491$45,202,553$33,885,215$81,597,362
89$128,523,953$47,345,205$34,948,096$88,482,107
90$141,558,847$49,590,570$36,044,308$96,009,467
91$155,920,951$51,943,610$37,174,894$104,242,408
92$171,745,568$54,409,526$38,340,932$113,250,203
93$189,181,797$56,993,774$39,543,535$123,109,068
94$208,393,944$59,702,073$40,783,847$133,902,868
95$229,563,072$62,540,420$42,063,051$145,723,888
96$252,888,708$65,515,104$43,382,366$158,673,690
97$278,590,731$68,632,718$44,743,050$172,864,047
98$306,911,442$71,900,178$46,146,399$188,417,984
99$338,117,856$75,324,734$47,593,751$205,470,914
100$372,504,220$78,913,989$49,086,484$224,171,895