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%15.8%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,471,276
2 years$772,646$758,256$744,310$730,788$717,673$681,778
3 years$509,981$495,529$481,618$468,223$455,321$420,489
4 years$378,674$364,266$350,494$337,328$324,739$291,238
5 years$299,910$285,589$271,998$259,101$246,861$214,785
6 years$247,418$233,205$219,815$207,205$195,333$164,714
7 years$209,939$195,845$182,667$170,354$158,858$129,701
8 years$181,842$167,875$154,916$142,906$131,788$104,081
9 years$160,000$146,166$133,429$121,724$110,985$84,705
10 years$142,537$128,838$116,327$104,928$94,564$69,684
11 years$128,259$114,697$102,412$91,318$81,329$57,811
12 years$116,368$102,946$90,888$80,099$70,478$48,285
13 years$106,315$93,033$81,203$70,715$61,458$40,548
14 years$97,706$84,564$72,961$62,773$53,874$34,201
15 years$90,251$77,251$65,874$55,982$47,435$28,954
16 years$83,734$70,876$59,724$50,126$41,923$24,585
17 years$77,990$65,274$54,347$45,038$37,172$20,929
18 years$72,890$60,317$49,612$40,588$33,051$17,854
19 years$68,332$55,901$45,417$36,675$29,459$15,258
20 years$64,235$51,946$41,681$33,216$26,314$13,059
21 years$60,533$48,385$38,339$30,146$23,548$11,192
22 years$57,172$45,166$35,335$27,409$21,107$9,602
23 years$54,108$42,243$32,626$24,962$18,947$8,245
24 years$51,303$39,579$30,173$22,767$17,030$7,086
25 years$48,727$37,143$27,947$20,792$15,324$6,094
26 years$46,353$34,908$25,919$19,011$13,804$5,243
27 years$44,158$32,853$24,068$17,402$12,445$4,514
28 years$42,124$30,957$22,374$15,944$11,230$3,888
29 years$40,233$29,204$20,821$14,621$10,140$3,350
30 years$38,472$27,580$19,394$13,418$9,162$2,887
31 years$36,828$26,073$18,081$12,323$8,283$2,489
32 years$35,289$24,670$16,870$11,326$7,493$2,146
33 years$33,847$23,363$15,751$10,415$6,781$1,851
34 years$32,493$22,143$14,717$9,582$6,140$1,597
35 years$31,218$21,002$13,759$8,821$5,561$1,378
36 years$30,018$19,934$12,872$8,124$5,038$1,189
37 years$28,884$18,933$12,048$7,485$4,566$1,026
38 years$27,813$17,993$11,282$6,899$4,140$885
39 years$26,800$17,109$10,570$6,362$3,754$764
40 years$25,839$16,278$9,907$5,868$3,405$660
41 years$24,928$15,495$9,290$5,414$3,089$569
42 years$24,062$14,757$8,714$4,996$2,803$491
43 years$23,239$14,061$8,177$4,612$2,544$424
44 years$22,456$13,403$7,676$4,258$2,309$366
45 years$21,709$12,781$7,207$3,933$2,096$316
46 years$20,997$12,192$6,769$3,633$1,903$273
47 years$20,318$11,635$6,360$3,356$1,728$236
48 years$19,668$11,107$5,976$3,101$1,570$204
49 years$19,047$10,607$5,617$2,866$1,426$176
50 years$18,453$10,132$5,281$2,649$1,295$152

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 $5,097 every year, while hoping to spend $23,882 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: 67/19/14 Blend
69$18,900,000$18,900,000$18,900,000$18,900,000
70$20,833,058$19,831,358$19,538,408$22,161,047
71$22,932,619$20,777,684$20,167,534$23,993,403
72$25,245,536$21,769,580$20,816,936$25,992,844
73$27,793,544$22,809,253$21,487,267$28,178,416
74$30,600,597$23,899,018$22,179,202$30,568,363
75$33,693,092$25,041,304$22,893,439$33,182,760
76$37,100,115$26,238,655$23,630,697$36,043,694
77$40,853,719$27,493,742$24,391,718$39,175,471
78$44,989,227$28,809,364$25,177,269$42,604,839
79$49,545,562$30,188,457$25,988,141$46,361,238
80$54,565,618$31,634,099$26,825,152$50,477,068
81$60,096,661$33,149,520$27,689,145$54,987,995
82$66,190,779$34,738,105$28,580,990$59,933,278
83$72,905,372$36,403,405$29,501,586$65,356,135
84$80,303,691$38,149,144$30,451,861$71,304,144
85$88,455,441$39,979,225$31,432,772$77,829,688
86$97,437,434$41,897,745$32,445,308$84,990,438
87$107,334,316$43,908,998$33,490,489$92,849,897
88$118,239,365$46,017,488$34,569,369$101,477,985
89$130,255,373$48,227,937$35,683,035$110,951,697
90$143,495,614$50,545,300$36,832,611$121,355,818
91$158,084,918$52,974,771$38,019,254$132,783,716
92$174,160,842$55,521,797$39,244,162$145,338,216
93$191,874,975$58,192,092$40,508,568$159,132,559
94$211,394,367$60,991,649$41,813,749$174,291,463
95$232,903,102$63,926,750$43,161,020$190,952,289
96$256,604,044$67,003,986$44,551,739$209,266,328
97$282,720,744$70,230,268$45,987,310$229,400,219
98$311,499,554$73,612,846$47,469,179$251,537,506
99$343,211,954$77,159,321$48,998,842$275,880,367
100$378,157,111$80,877,665$50,577,841$302,651,500