Can I retire at age 70 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,449,033
2 years$772,646$758,256$744,310$730,788$717,673$659,851
3 years$509,981$495,529$481,618$468,223$455,321$399,577
4 years$378,674$364,266$350,494$337,328$324,739$271,497
5 years$299,910$285,589$271,998$259,101$246,861$196,259
6 years$247,418$233,205$219,815$207,205$195,333$147,403
7 years$209,939$195,845$182,667$170,354$158,858$113,586
8 years$181,842$167,875$154,916$142,906$131,788$89,130
9 years$160,000$146,166$133,429$121,724$110,985$70,878
10 years$142,537$128,838$116,327$104,928$94,564$56,934
11 years$128,259$114,697$102,412$91,318$81,329$46,090
12 years$116,368$102,946$90,888$80,099$70,478$37,538
13 years$106,315$93,033$81,203$70,715$61,458$30,721
14 years$97,706$84,564$72,961$62,773$53,874$25,239
15 years$90,251$77,251$65,874$55,982$47,435$20,800
16 years$83,734$70,876$59,724$50,126$41,923$17,185
17 years$77,990$65,274$54,347$45,038$37,172$14,228
18 years$72,890$60,317$49,612$40,588$33,051$11,799
19 years$68,332$55,901$45,417$36,675$29,459$9,799
20 years$64,235$51,946$41,681$33,216$26,314$8,147
21 years$60,533$48,385$38,339$30,146$23,548$6,780
22 years$57,172$45,166$35,335$27,409$21,107$5,647
23 years$54,108$42,243$32,626$24,962$18,947$4,706
24 years$51,303$39,579$30,173$22,767$17,030$3,924
25 years$48,727$37,143$27,947$20,792$15,324$3,274
26 years$46,353$34,908$25,919$19,011$13,804$2,732
27 years$44,158$32,853$24,068$17,402$12,445$2,281
28 years$42,124$30,957$22,374$15,944$11,230$1,904
29 years$40,233$29,204$20,821$14,621$10,140$1,591
30 years$38,472$27,580$19,394$13,418$9,162$1,329
31 years$36,828$26,073$18,081$12,323$8,283$1,110
32 years$35,289$24,670$16,870$11,326$7,493$928
33 years$33,847$23,363$15,751$10,415$6,781$775
34 years$32,493$22,143$14,717$9,582$6,140$648
35 years$31,218$21,002$13,759$8,821$5,561$541
36 years$30,018$19,934$12,872$8,124$5,038$453
37 years$28,884$18,933$12,048$7,485$4,566$378
38 years$27,813$17,993$11,282$6,899$4,140$316
39 years$26,800$17,109$10,570$6,362$3,754$264
40 years$25,839$16,278$9,907$5,868$3,405$221
41 years$24,928$15,495$9,290$5,414$3,089$185
42 years$24,062$14,757$8,714$4,996$2,803$154
43 years$23,239$14,061$8,177$4,612$2,544$129
44 years$22,456$13,403$7,676$4,258$2,309$108
45 years$21,709$12,781$7,207$3,933$2,096$90
46 years$20,997$12,192$6,769$3,633$1,903$75
47 years$20,318$11,635$6,360$3,356$1,728$63
48 years$19,668$11,107$5,976$3,101$1,570$53
49 years$19,047$10,607$5,617$2,866$1,426$44
50 years$18,453$10,132$5,281$2,649$1,295$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,900,000, adding $6,020 every year, while hoping to spend $21,392 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: 32/50/18 Blend
69$18,900,000$18,900,000$18,900,000$18,900,000
70$20,834,010$19,832,310$19,539,360$21,383,466
71$22,936,318$20,781,332$20,171,167$22,741,952
72$25,252,344$21,776,139$20,823,423$24,201,836
73$27,803,866$22,818,953$21,496,791$25,773,874
74$30,614,880$23,912,101$22,191,953$27,467,875
75$33,711,830$25,058,027$22,909,616$29,294,579
76$37,123,858$26,259,291$23,650,509$31,265,739
77$40,883,076$27,518,580$24,415,385$33,394,229
78$45,024,870$28,838,711$25,205,021$35,694,151
79$49,588,236$30,222,638$26,020,219$38,180,953
80$54,616,147$31,673,457$26,861,807$40,871,569
81$60,155,957$33,194,420$27,730,640$43,784,561
82$66,259,849$34,788,931$28,627,602$46,940,283
83$72,985,331$36,460,566$29,553,603$50,361,057
84$80,395,771$38,213,070$30,509,585$54,071,370
85$88,561,003$40,050,374$31,496,520$58,098,090
86$97,557,982$41,976,599$32,515,410$62,470,704
87$107,471,511$43,996,067$33,567,291$67,221,576
88$118,395,043$46,113,312$34,653,233$72,386,237
89$130,431,559$48,333,087$35,774,339$78,003,702
90$143,694,548$50,660,378$36,931,749$84,116,819
91$158,309,069$53,100,413$38,126,639$90,772,649
92$174,412,938$55,658,677$39,360,226$98,022,896
93$192,158,027$58,340,922$40,633,762$105,924,363
94$211,711,696$61,153,177$41,948,544$114,539,476
95$233,258,376$64,101,770$43,305,907$123,936,837
96$257,001,309$67,193,335$44,707,233$134,191,854
97$283,164,463$70,434,829$46,153,947$145,387,423
98$311,994,654$73,833,551$47,647,519$157,614,682
99$343,763,867$77,397,154$49,189,470$170,973,841
100$378,771,832$81,133,665$50,781,367$185,575,098