Can I retire at age 70 with 14,900,000?

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 $14,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,230,428$1,219,468$1,208,775$1,198,338$1,188,147$1,163,207
2 years$609,123$597,778$586,784$576,124$565,784$540,775
3 years$402,048$390,655$379,688$369,128$358,957$334,659
4 years$298,531$287,173$276,316$265,936$256,011$232,611
5 years$236,437$225,147$214,432$204,264$194,615$172,180
6 years$195,055$183,849$173,293$163,352$153,993$132,546
7 years$165,507$154,396$144,007$134,301$125,237$104,784
8 years$143,357$132,346$122,130$112,661$103,896$84,429
9 years$126,138$115,231$105,190$95,963$87,496$69,002
10 years$112,371$101,571$91,707$82,721$74,551$57,011
11 years$101,114$90,422$80,738$71,992$64,116$47,509
12 years$91,740$81,158$71,653$63,146$55,562$39,862
13 years$83,815$73,343$64,017$55,749$48,451$33,631
14 years$77,027$66,667$57,519$49,488$42,472$28,503
15 years$71,150$60,902$51,932$44,134$37,395$24,247
16 years$66,013$55,876$47,084$39,517$33,050$20,692
17 years$61,484$51,460$42,845$35,506$29,305$17,703
18 years$57,464$47,551$39,112$31,998$26,056$15,180
19 years$53,870$44,070$35,805$28,913$23,225$13,041
20 years$50,640$40,952$32,860$26,186$20,745$11,221
21 years$47,722$38,145$30,225$23,766$18,564$9,668
22 years$45,072$35,607$27,857$21,609$16,640$8,339
23 years$42,657$33,303$25,721$19,679$14,937$7,200
24 years$40,446$31,202$23,787$17,949$13,426$6,222
25 years$38,415$29,282$22,032$16,392$12,081$5,381
26 years$36,543$27,520$20,434$14,988$10,882$4,656
27 years$34,813$25,900$18,974$13,719$9,811$4,031
28 years$33,209$24,405$17,639$12,569$8,853$3,492
29 years$31,718$23,023$16,415$11,526$7,994$3,026
30 years$30,330$21,743$15,290$10,578$7,223$2,623
31 years$29,034$20,555$14,254$9,715$6,530$2,275
32 years$27,821$19,449$13,299$8,929$5,907$1,973
33 years$26,684$18,418$12,418$8,211$5,346$1,711
34 years$25,616$17,456$11,602$7,554$4,840$1,485
35 years$24,611$16,557$10,847$6,954$4,384$1,289
36 years$23,665$15,715$10,147$6,405$3,972$1,119
37 years$22,771$14,926$9,498$5,901$3,600$971
38 years$21,927$14,185$8,894$5,439$3,264$843
39 years$21,128$13,488$8,333$5,015$2,960$732
40 years$20,371$12,833$7,811$4,626$2,685$636
41 years$19,652$12,216$7,324$4,268$2,435$552
42 years$18,970$11,634$6,870$3,939$2,210$479
43 years$18,321$11,085$6,447$3,636$2,006$416
44 years$17,703$10,566$6,051$3,357$1,821$362
45 years$17,115$10,076$5,682$3,100$1,653$314
46 years$16,553$9,612$5,337$2,864$1,501$273
47 years$16,018$9,173$5,014$2,646$1,363$237
48 years$15,506$8,757$4,711$2,445$1,237$206
49 years$15,016$8,362$4,428$2,260$1,124$179
50 years$14,548$7,988$4,163$2,089$1,021$155

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $14,900,000, adding $3,951 every year, while hoping to spend $57,060 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: 44/43/13 Blend
69$14,900,000$14,900,000$14,900,000$14,900,000
70$16,423,875$15,634,175$15,403,225$17,084,930
71$18,038,399$16,339,539$15,858,522$18,251,675
72$19,815,692$17,077,552$16,327,159$19,509,443
73$21,772,296$17,849,756$16,809,522$20,871,425
74$23,926,439$18,657,763$17,306,010$22,347,242
75$26,298,206$19,503,263$17,817,031$23,947,450
76$28,909,728$20,388,028$18,343,007$25,683,635
77$31,785,392$21,313,913$18,884,369$27,568,518
78$34,952,070$22,282,863$19,441,563$29,616,065
79$38,439,373$23,296,915$20,015,048$31,841,615
80$42,279,930$24,358,205$20,605,293$34,262,015
81$46,509,696$25,468,970$21,212,783$36,895,773
82$51,168,290$26,631,554$21,838,017$39,763,226
83$56,299,371$27,848,416$22,481,505$42,886,719
84$61,951,048$29,122,129$23,143,776$46,290,812
85$68,176,333$30,455,391$23,825,371$50,002,500
86$75,033,645$31,851,032$24,526,847$54,051,460
87$82,587,358$33,312,013$25,248,778$58,470,318
88$90,908,408$34,841,442$25,991,752$63,294,951
89$100,074,965$36,442,572$26,756,375$68,564,812
90$110,173,170$38,118,816$27,543,271$74,323,291
91$121,297,943$39,873,748$28,353,081$80,618,113
92$133,553,887$41,711,116$29,186,463$87,501,776
93$147,056,270$43,634,846$30,044,096$95,032,033
94$161,932,112$45,649,056$30,926,676$103,272,426
95$178,321,387$47,758,060$31,834,919$112,292,868
96$196,378,343$49,966,379$32,769,563$122,170,288
97$216,272,955$52,278,753$33,731,365$132,989,345
98$238,192,535$54,700,150$34,721,104$144,843,208
99$262,343,493$57,235,777$35,739,580$157,834,418
100$288,953,292$59,891,093$36,787,619$172,075,840