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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.2%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,499,501
2 years$772,646$758,256$744,310$730,788$717,673$709,991
3 years$509,981$495,529$481,618$468,223$455,321$447,807
4 years$378,674$364,266$350,494$337,328$324,739$317,450
5 years$299,910$285,589$271,998$259,101$246,861$239,820
6 years$247,418$233,205$219,815$207,205$195,333$188,547
7 years$209,939$195,845$182,667$170,354$158,858$152,332
8 years$181,842$167,875$154,916$142,906$131,788$125,522
9 years$160,000$146,166$133,429$121,724$110,985$104,977
10 years$142,537$128,838$116,327$104,928$94,564$88,812
11 years$128,259$114,697$102,412$91,318$81,329$75,828
12 years$116,368$102,946$90,888$80,099$70,478$65,225
13 years$106,315$93,033$81,203$70,715$61,458$56,447
14 years$97,706$84,564$72,961$62,773$53,874$49,100
15 years$90,251$77,251$65,874$55,982$47,435$42,892
16 years$83,734$70,876$59,724$50,126$41,923$37,604
17 years$77,990$65,274$54,347$45,038$37,172$33,071
18 years$72,890$60,317$49,612$40,588$33,051$29,162
19 years$68,332$55,901$45,417$36,675$29,459$25,774
20 years$64,235$51,946$41,681$33,216$26,314$22,825
21 years$60,533$48,385$38,339$30,146$23,548$20,249
22 years$57,172$45,166$35,335$27,409$21,107$17,991
23 years$54,108$42,243$32,626$24,962$18,947$16,006
24 years$51,303$39,579$30,173$22,767$17,030$14,257
25 years$48,727$37,143$27,947$20,792$15,324$12,713
26 years$46,353$34,908$25,919$19,011$13,804$11,346
27 years$44,158$32,853$24,068$17,402$12,445$10,134
28 years$42,124$30,957$22,374$15,944$11,230$9,058
29 years$40,233$29,204$20,821$14,621$10,140$8,102
30 years$38,472$27,580$19,394$13,418$9,162$7,251
31 years$36,828$26,073$18,081$12,323$8,283$6,492
32 years$35,289$24,670$16,870$11,326$7,493$5,816
33 years$33,847$23,363$15,751$10,415$6,781$5,212
34 years$32,493$22,143$14,717$9,582$6,140$4,672
35 years$31,218$21,002$13,759$8,821$5,561$4,190
36 years$30,018$19,934$12,872$8,124$5,038$3,758
37 years$28,884$18,933$12,048$7,485$4,566$3,372
38 years$27,813$17,993$11,282$6,899$4,140$3,026
39 years$26,800$17,109$10,570$6,362$3,754$2,717
40 years$25,839$16,278$9,907$5,868$3,405$2,439
41 years$24,928$15,495$9,290$5,414$3,089$2,190
42 years$24,062$14,757$8,714$4,996$2,803$1,967
43 years$23,239$14,061$8,177$4,612$2,544$1,767
44 years$22,456$13,403$7,676$4,258$2,309$1,587
45 years$21,709$12,781$7,207$3,933$2,096$1,426
46 years$20,997$12,192$6,769$3,633$1,903$1,281
47 years$20,318$11,635$6,360$3,356$1,728$1,151
48 years$19,668$11,107$5,976$3,101$1,570$1,035
49 years$19,047$10,607$5,617$2,866$1,426$930
50 years$18,453$10,132$5,281$2,649$1,295$836

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 $3,725 every year, while hoping to spend $40,526 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: 51/33/16 Blend
69$18,900,000$18,900,000$18,900,000$18,900,000
70$20,831,642$19,829,942$19,536,992$21,802,685
71$22,913,351$20,758,490$20,148,362$23,398,632
72$25,206,035$21,731,179$20,778,855$25,128,240
73$27,731,172$22,750,128$21,429,068$27,007,770
74$30,512,427$23,817,560$22,099,618$29,051,393
75$33,575,880$24,935,806$22,791,140$31,274,677
76$36,950,268$26,107,308$23,504,291$33,694,729
77$40,667,257$27,334,628$24,239,747$36,330,345
78$44,761,743$28,620,451$24,998,204$39,202,179
79$49,272,179$29,967,591$25,780,382$42,332,939
80$54,240,938$31,379,000$26,587,022$45,747,583
81$59,714,715$32,857,773$27,418,889$49,473,552
82$65,744,966$34,407,153$28,276,771$53,541,018
83$72,388,392$36,030,543$29,161,482$57,983,161
84$79,707,476$37,731,508$30,073,860$62,836,472
85$87,771,074$39,513,787$31,014,770$68,141,085
86$96,655,063$41,381,302$31,985,104$73,941,151
87$106,443,055$43,338,162$32,985,781$80,285,235
88$117,227,192$45,388,677$34,017,750$87,226,773
89$129,109,010$47,537,366$35,081,989$94,824,556
90$142,200,399$49,788,967$36,179,505$103,143,275
91$156,624,661$52,148,448$37,311,340$112,254,121
92$172,517,673$54,621,018$38,478,566$122,235,439
93$190,029,166$57,212,139$39,682,289$133,173,456
94$209,324,145$59,927,537$40,923,650$145,163,078
95$230,584,439$62,773,218$42,203,824$158,308,772
96$254,010,425$65,755,479$43,524,024$172,725,532
97$279,822,911$68,880,921$44,885,503$188,539,951
98$308,265,230$72,156,467$46,289,548$205,891,395
99$339,605,526$75,589,377$47,737,491$224,933,302
100$374,139,296$79,187,263$49,230,703$245,834,607