Can I retire at age 70 with 14,000,000?

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 $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,092,946
2 years$572,330$561,671$551,341$541,325$531,609$508,111
3 years$377,763$367,058$356,754$346,832$337,275$314,444
4 years$280,499$269,827$259,625$249,873$240,547$218,561
5 years$222,156$211,547$201,480$191,926$182,860$161,780
6 years$183,273$172,744$162,826$153,485$144,691$124,540
7 years$155,510$145,070$135,309$126,189$117,673$98,455
8 years$134,698$124,352$114,753$105,856$97,621$79,330
9 years$118,519$108,271$98,837$90,166$82,211$64,834
10 years$105,583$95,436$86,168$77,724$70,048$53,568
11 years$95,006$84,961$75,861$67,643$60,243$44,639
12 years$86,199$76,256$67,325$59,332$52,206$37,454
13 years$78,752$68,913$60,150$52,381$45,524$31,599
14 years$72,375$62,640$54,045$46,498$39,906$26,781
15 years$66,852$57,223$48,795$41,468$35,137$22,783
16 years$62,025$52,501$44,240$37,130$31,054$19,442
17 years$57,770$48,351$40,257$33,361$27,535$16,634
18 years$53,993$44,679$36,749$30,065$24,482$14,263
19 years$50,616$41,408$33,642$27,167$21,822$12,253
20 years$47,582$38,478$30,875$24,605$19,492$10,543
21 years$44,839$35,841$28,399$22,330$17,443$9,084
22 years$42,350$33,456$26,174$20,303$15,635$7,835
23 years$40,080$31,291$24,167$18,491$14,035$6,765
24 years$38,003$29,318$22,351$16,865$12,615$5,846
25 years$36,094$27,513$20,701$15,402$11,351$5,056
26 years$34,335$25,858$19,199$14,082$10,225$4,375
27 years$32,710$24,335$17,828$12,890$9,219$3,788
28 years$31,203$22,931$16,574$11,810$8,318$3,281
29 years$29,803$21,633$15,423$10,830$7,511$2,843
30 years$28,498$20,430$14,366$9,939$6,787$2,465
31 years$27,280$19,313$13,393$9,128$6,136$2,137
32 years$26,140$18,274$12,496$8,389$5,550$1,854
33 years$25,072$17,306$11,668$7,715$5,023$1,608
34 years$24,069$16,402$10,902$7,098$4,548$1,395
35 years$23,125$15,557$10,192$6,534$4,119$1,211
36 years$22,235$14,766$9,535$6,018$3,732$1,051
37 years$21,396$14,024$8,924$5,545$3,383$912
38 years$20,602$13,328$8,357$5,111$3,067$792
39 years$19,852$12,674$7,830$4,712$2,781$688
40 years$19,140$12,058$7,339$4,346$2,522$597
41 years$18,465$11,478$6,881$4,010$2,288$519
42 years$17,824$10,931$6,455$3,701$2,076$450
43 years$17,214$10,415$6,057$3,416$1,885$391
44 years$16,634$9,928$5,686$3,154$1,711$340
45 years$16,081$9,467$5,339$2,913$1,553$295
46 years$15,554$9,031$5,014$2,691$1,410$256
47 years$15,050$8,619$4,711$2,486$1,280$223
48 years$14,569$8,228$4,427$2,297$1,163$193
49 years$14,109$7,857$4,161$2,123$1,056$168
50 years$13,669$7,505$3,912$1,962$959$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,000,000, adding $4,993 every year, while hoping to spend $25,876 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: 57/15/28 Blend
69$14,000,000$14,000,000$14,000,000$14,000,000
70$15,433,150$14,691,150$14,474,150$16,193,976
71$16,979,800$15,383,485$14,931,502$17,409,222
72$18,683,340$16,108,876$15,403,309$18,730,021
73$20,559,747$16,868,918$15,890,026$20,169,173
74$22,626,625$17,665,278$16,392,125$21,738,135
75$24,903,372$18,499,709$16,910,093$23,449,510
76$27,411,366$19,374,044$17,444,431$25,317,158
77$30,174,163$20,290,210$17,995,657$27,356,329
78$33,217,720$21,250,222$18,564,304$29,583,801
79$36,570,643$22,256,198$19,150,923$32,018,032
80$40,264,452$23,310,356$19,756,083$34,679,337
81$44,333,883$24,415,020$20,380,369$37,590,071
82$48,817,214$25,572,631$21,024,385$40,774,834
83$53,756,624$26,785,744$21,688,757$44,260,706
84$59,198,596$28,057,042$22,374,127$48,077,491
85$65,194,351$29,389,336$23,081,158$52,257,999
86$71,800,335$30,785,573$23,810,537$56,838,348
87$79,078,748$32,248,844$24,562,968$61,858,298
88$87,098,134$33,782,392$25,339,182$67,361,626
89$95,934,029$35,389,614$26,139,930$73,396,532
90$105,669,669$37,074,074$26,965,986$80,016,084
91$116,396,781$38,839,510$27,818,153$87,278,721
92$128,216,446$40,689,839$28,697,254$95,248,789
93$141,240,053$42,629,171$29,604,142$103,997,152
94$155,590,352$44,661,814$30,539,695$113,601,844
95$171,402,612$46,792,288$31,504,819$124,148,807
96$188,825,897$49,025,328$32,500,449$135,732,690
97$208,024,474$51,365,905$33,527,549$148,457,737
98$229,179,364$53,819,227$34,587,115$162,438,763
99$252,490,048$56,390,759$35,680,173$177,802,225
100$278,176,356$59,086,228$36,807,781$194,687,417