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%14.4%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,471,881
2 years$768,558$754,244$740,372$726,922$713,875$686,512
3 years$507,282$492,907$479,070$465,746$452,912$426,294
4 years$376,670$362,339$348,640$335,544$323,021$297,354
5 years$298,323$284,078$270,559$257,730$245,555$220,913
6 years$246,109$231,971$218,652$206,108$194,299$170,709
7 years$208,828$194,809$181,701$169,453$158,017$135,486
8 years$180,880$166,987$154,097$142,150$131,091$109,612
9 years$159,154$145,392$132,723$121,080$110,397$89,959
10 years$141,783$128,156$115,711$104,372$94,064$74,647
11 years$127,580$114,090$101,870$90,835$80,898$62,481
12 years$115,753$102,401$90,407$79,675$70,105$52,662
13 years$105,753$92,541$80,773$70,341$61,133$44,637
14 years$97,189$84,117$72,575$62,441$53,589$38,011
15 years$89,773$76,842$65,525$55,686$47,184$32,493
16 years$83,291$70,501$59,408$49,861$41,701$27,865
17 years$77,577$64,929$54,059$44,800$36,975$23,961
18 years$72,504$59,997$49,349$40,373$32,876$20,651
19 years$67,971$55,605$45,177$36,481$29,303$17,833
20 years$63,895$51,671$41,461$33,040$26,174$15,425
21 years$60,213$48,129$38,136$29,986$23,423$13,361
22 years$56,870$44,927$35,148$27,264$20,996$11,587
23 years$53,822$42,019$32,453$24,830$18,847$10,059
24 years$51,032$39,369$30,014$22,647$16,940$8,741
25 years$48,469$36,946$27,799$20,682$15,243$7,601
26 years$46,108$34,723$25,782$18,911$13,731$6,615
27 years$43,925$32,679$23,941$17,309$12,379$5,759
28 years$41,901$30,793$22,256$15,859$11,170$5,017
29 years$40,021$29,050$20,711$14,543$10,086$4,373
30 years$38,269$27,434$19,292$13,347$9,114$3,812
31 years$36,633$25,935$17,985$12,258$8,240$3,325
32 years$35,103$24,539$16,780$11,266$7,453$2,901
33 years$33,668$23,239$15,668$10,360$6,745$2,531
34 years$32,321$22,026$14,639$9,532$6,107$2,209
35 years$31,053$20,891$13,687$8,775$5,531$1,929
36 years$29,859$19,828$12,804$8,081$5,012$1,684
37 years$28,732$18,833$11,984$7,446$4,542$1,471
38 years$27,666$17,898$11,222$6,863$4,118$1,284
39 years$26,658$17,019$10,514$6,328$3,734$1,122
40 years$25,703$16,192$9,855$5,837$3,387$980
41 years$24,796$15,413$9,241$5,385$3,073$856
42 years$23,935$14,679$8,668$4,970$2,788$748
43 years$23,116$13,986$8,134$4,588$2,531$654
44 years$22,337$13,332$7,635$4,236$2,297$571
45 years$21,594$12,713$7,169$3,912$2,085$499
46 years$20,886$12,128$6,733$3,614$1,893$436
47 years$20,210$11,574$6,326$3,338$1,719$381
48 years$19,564$11,049$5,945$3,085$1,561$333
49 years$18,946$10,551$5,588$2,851$1,418$291
50 years$18,355$10,079$5,253$2,635$1,288$254

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 $4,308 every year, while hoping to spend $47,439 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: 86/6/8 Blend
69$18,800,000$18,800,000$18,800,000$18,800,000
70$20,722,044$19,725,644$19,434,244$22,486,636
71$22,785,217$20,641,726$20,034,816$24,554,386
72$25,057,245$21,601,105$20,653,918$26,819,351
73$27,559,379$22,605,855$21,292,119$29,306,833
74$30,315,039$23,658,145$21,950,009$32,039,210
75$33,350,032$24,760,253$22,628,193$35,041,135
76$36,692,794$25,914,564$23,327,296$38,339,760
77$40,374,661$27,123,580$24,047,962$41,964,992
78$44,430,163$28,389,922$24,790,856$45,949,778
79$48,897,351$29,716,339$25,556,661$50,330,407
80$53,818,155$31,105,714$26,346,083$55,146,858
81$59,238,778$32,561,066$27,159,848$60,443,169
82$65,210,137$34,085,562$27,998,707$66,267,857
83$71,788,339$35,682,521$28,863,431$72,674,366
84$79,035,210$37,355,425$29,754,816$79,721,579
85$87,018,882$39,107,922$30,673,684$87,474,361
86$95,814,435$40,943,837$31,620,879$96,004,178
87$105,504,602$42,867,180$32,597,273$105,389,763
88$116,180,555$44,882,155$33,603,765$115,717,860
89$127,942,761$46,993,170$34,641,281$127,084,038
90$140,901,933$49,204,846$35,710,775$139,593,593
91$155,180,075$51,522,029$36,813,230$153,362,536
92$170,911,631$53,949,796$37,949,662$168,518,686
93$188,244,757$56,493,475$39,121,114$185,202,875
94$207,342,715$59,158,648$40,328,665$203,570,272
95$228,385,420$61,951,171$41,573,423$223,791,845
96$251,571,134$64,877,179$42,856,534$246,055,973
97$277,118,339$67,943,110$44,179,177$270,570,218
98$305,267,798$71,155,711$45,542,568$297,563,282
99$336,284,828$74,522,055$46,947,958$327,287,160
100$370,461,806$78,049,562$48,396,641$360,019,518