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%17%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,456,404
2 years$768,558$754,244$740,372$726,922$713,875$671,154
3 years$507,282$492,907$479,070$465,746$452,912$411,541
4 years$376,670$362,339$348,640$335,544$323,021$283,319
5 years$298,323$284,078$270,559$257,730$245,555$207,631
6 years$246,109$231,971$218,652$206,108$194,299$158,187
7 years$208,828$194,809$181,701$169,453$158,017$123,718
8 years$180,880$166,987$154,097$142,150$131,091$98,584
9 years$159,154$145,392$132,723$121,080$110,397$79,651
10 years$141,783$128,156$115,711$104,372$94,064$65,038
11 years$127,580$114,090$101,870$90,835$80,898$53,544
12 years$115,753$102,401$90,407$79,675$70,105$44,370
13 years$105,753$92,541$80,773$70,341$61,133$36,961
14 years$97,189$84,117$72,575$62,441$53,589$30,920
15 years$89,773$76,842$65,525$55,686$47,184$25,956
16 years$83,291$70,501$59,408$49,861$41,701$21,852
17 years$77,577$64,929$54,059$44,800$36,975$18,440
18 years$72,504$59,997$49,349$40,373$32,876$15,592
19 years$67,971$55,605$45,177$36,481$29,303$13,206
20 years$63,895$51,671$41,461$33,040$26,174$11,200
21 years$60,213$48,129$38,136$29,986$23,423$9,510
22 years$56,870$44,927$35,148$27,264$20,996$8,083
23 years$53,822$42,019$32,453$24,830$18,847$6,876
24 years$51,032$39,369$30,014$22,647$16,940$5,854
25 years$48,469$36,946$27,799$20,682$15,243$4,986
26 years$46,108$34,723$25,782$18,911$13,731$4,249
27 years$43,925$32,679$23,941$17,309$12,379$3,623
28 years$41,901$30,793$22,256$15,859$11,170$3,090
29 years$40,021$29,050$20,711$14,543$10,086$2,636
30 years$38,269$27,434$19,292$13,347$9,114$2,249
31 years$36,633$25,935$17,985$12,258$8,240$1,920
32 years$35,103$24,539$16,780$11,266$7,453$1,639
33 years$33,668$23,239$15,668$10,360$6,745$1,400
34 years$32,321$22,026$14,639$9,532$6,107$1,195
35 years$31,053$20,891$13,687$8,775$5,531$1,021
36 years$29,859$19,828$12,804$8,081$5,012$872
37 years$28,732$18,833$11,984$7,446$4,542$745
38 years$27,666$17,898$11,222$6,863$4,118$636
39 years$26,658$17,019$10,514$6,328$3,734$544
40 years$25,703$16,192$9,855$5,837$3,387$465
41 years$24,796$15,413$9,241$5,385$3,073$397
42 years$23,935$14,679$8,668$4,970$2,788$339
43 years$23,116$13,986$8,134$4,588$2,531$290
44 years$22,337$13,332$7,635$4,236$2,297$248
45 years$21,594$12,713$7,169$3,912$2,085$212
46 years$20,886$12,128$6,733$3,614$1,893$181
47 years$20,210$11,574$6,326$3,338$1,719$155
48 years$19,564$11,049$5,945$3,085$1,561$132
49 years$18,946$10,551$5,588$2,851$1,418$113
50 years$18,355$10,079$5,253$2,635$1,288$97

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 $3,512 every year, while hoping to spend $47,032 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: 73/11/16 Blend
69$18,800,000$18,800,000$18,800,000$18,800,000
70$20,721,223$19,724,823$19,433,423$22,158,644
71$22,784,746$20,641,297$20,034,401$24,028,368
72$25,057,172$21,601,103$20,653,935$26,069,777
73$27,559,759$22,606,313$21,292,598$28,304,747
74$30,315,934$23,659,101$21,950,979$30,752,473
75$33,351,508$24,761,746$22,629,685$33,434,084
76$36,694,926$25,916,636$23,329,344$36,372,840
77$40,377,532$27,126,274$24,050,601$39,594,354
78$44,433,865$28,393,287$24,794,121$43,126,822
79$48,901,985$29,720,424$25,560,590$47,001,295
80$53,823,834$31,110,571$26,350,716$51,251,962
81$59,245,628$32,566,752$27,165,228$55,916,472
82$65,218,294$34,092,135$28,004,875$61,036,284
83$71,797,956$35,690,045$28,870,434$66,657,060
84$79,046,456$37,363,966$29,762,703$72,829,082
85$87,031,944$39,117,550$30,682,503$79,607,733
86$95,829,519$40,954,626$31,630,683$87,054,008
87$105,521,936$42,879,209$32,608,117$95,235,090
88$116,200,390$44,895,507$33,615,705$104,224,976
89$127,965,376$47,007,933$34,654,378$114,105,172
90$140,927,636$49,221,114$35,725,091$124,965,458
91$155,209,205$51,539,898$36,828,832$136,904,730
92$170,944,563$53,969,372$37,966,616$150,031,927
93$188,281,904$56,514,867$39,139,494$164,467,054
94$207,384,535$59,181,972$40,348,543$180,342,308
95$228,432,417$61,976,549$41,594,880$197,803,322
96$251,623,865$64,904,741$42,879,650$217,010,531
97$277,177,419$67,972,993$44,204,037$238,140,680
98$305,333,904$71,188,058$45,569,261$261,388,487
99$336,358,709$74,557,019$46,976,578$286,968,470
100$370,544,287$78,087,304$48,427,283$315,116,969