Can I retire at age 70 with 14,200,000?

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 $14,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,172,623$1,162,178$1,151,987$1,142,040$1,132,328$1,095,205
2 years$580,506$569,695$559,217$549,058$539,204$502,157
3 years$383,160$372,302$361,850$351,787$342,093$306,286
4 years$284,506$273,681$263,334$253,443$243,984$209,690
5 years$225,329$214,569$204,358$194,668$185,472$152,784
6 years$185,891$175,212$165,152$155,678$146,758$115,701
7 years$157,732$147,143$137,242$127,991$119,354$89,925
8 years$136,622$126,129$116,392$107,369$99,015$71,193
9 years$120,212$109,818$100,248$91,454$83,385$57,137
10 years$107,092$96,799$87,399$78,834$71,048$46,334
11 years$96,364$86,174$76,945$68,610$61,104$37,876
12 years$87,430$77,345$68,286$60,180$52,951$31,159
13 years$79,877$69,898$61,009$53,130$46,175$25,763
14 years$73,408$63,535$54,817$47,163$40,476$21,388
15 years$67,807$58,040$49,493$42,061$35,639$17,816
16 years$62,911$53,251$44,872$37,661$31,498$14,880
17 years$58,596$49,042$40,832$33,838$27,928$12,456
18 years$54,764$45,317$37,274$30,495$24,832$10,447
19 years$51,339$41,999$34,123$27,555$22,133$8,775
20 years$48,261$39,028$31,316$24,956$19,770$7,380
21 years$45,480$36,353$28,805$22,649$17,692$6,213
22 years$42,955$33,934$26,548$20,593$15,858$5,236
23 years$40,653$31,738$24,513$18,755$14,235$4,416
24 years$38,545$29,736$22,670$17,105$12,795$3,726
25 years$36,610$27,906$20,997$15,622$11,514$3,146
26 years$34,826$26,227$19,474$14,284$10,371$2,657
27 years$33,177$24,683$18,083$13,074$9,350$2,246
28 years$31,649$23,259$16,810$11,979$8,437$1,898
29 years$30,228$21,942$15,644$10,985$7,618$1,605
30 years$28,905$20,722$14,571$10,081$6,884$1,357
31 years$27,670$19,589$13,584$9,259$6,224$1,148
32 years$26,514$18,535$12,675$8,509$5,630$971
33 years$25,430$17,553$11,834$7,825$5,095$822
34 years$24,412$16,636$11,057$7,200$4,613$695
35 years$23,455$15,779$10,338$6,628$4,178$588
36 years$22,553$14,977$9,671$6,104$3,785$498
37 years$21,701$14,225$9,052$5,624$3,431$422
38 years$20,897$13,518$8,476$5,184$3,110$357
39 years$20,135$12,855$7,942$4,780$2,821$302
40 years$19,414$12,230$7,444$4,408$2,558$256
41 years$18,729$11,642$6,980$4,067$2,321$216
42 years$18,079$11,087$6,547$3,754$2,106$183
43 years$17,460$10,564$6,144$3,465$1,911$155
44 years$16,872$10,070$5,767$3,199$1,735$131
45 years$16,311$9,602$5,415$2,955$1,575$111
46 years$15,776$9,160$5,086$2,729$1,430$94
47 years$15,265$8,742$4,778$2,522$1,299$80
48 years$14,777$8,345$4,490$2,330$1,179$68
49 years$14,311$7,969$4,220$2,153$1,071$57
50 years$13,864$7,612$3,968$1,990$973$48

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,200,000, adding $3,714 every year, while hoping to spend $32,554 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: 49/42/9 Blend
69$14,200,000$14,200,000$14,200,000$14,200,000
70$15,652,231$14,899,631$14,679,531$16,381,506
71$17,214,121$15,595,076$15,136,658$17,576,644
72$18,934,233$16,323,506$15,608,008$18,870,325
73$20,828,672$17,086,504$16,094,022$20,274,735
74$22,915,181$17,885,728$16,595,158$21,800,229
75$25,213,318$18,722,917$17,111,883$23,458,177
76$27,744,629$19,599,893$17,644,684$25,261,062
77$30,532,860$20,518,566$18,194,060$27,222,594
78$33,604,176$21,480,940$18,760,525$29,357,832
79$36,987,411$22,489,115$19,344,612$31,683,322
80$40,714,337$23,545,292$19,946,866$34,217,239
81$44,819,968$24,651,780$20,567,855$36,979,561
82$49,342,885$25,810,997$21,208,158$39,992,241
83$54,325,605$27,025,482$21,868,377$43,279,411
84$59,814,979$28,297,893$22,549,130$46,867,599
85$65,862,637$29,631,019$23,251,056$50,785,972
86$72,525,471$31,027,785$23,974,812$55,066,600
87$79,866,177$32,491,254$24,721,076$59,744,752
88$87,953,843$34,024,642$25,490,548$64,859,214
89$96,864,603$35,631,317$26,283,949$70,452,649
90$106,682,353$37,314,812$27,102,022$76,571,985
91$117,499,547$39,078,832$27,945,533$83,268,849
92$129,418,065$40,927,259$28,815,274$90,600,040
93$142,550,180$42,864,167$29,712,058$98,628,050
94$157,019,612$44,893,825$30,636,726$107,421,648
95$172,962,700$47,020,710$31,590,143$117,056,505
96$190,529,686$49,249,515$32,573,203$127,615,901
97$209,886,135$51,585,163$33,586,827$139,191,493
98$231,214,498$54,032,813$34,631,963$151,884,161
99$254,715,834$56,597,878$35,709,590$165,804,950
100$280,611,706$59,286,030$36,820,718$181,076,092