Can I retire at age 70 with 15,200,000?

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 $15,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,255,202$1,244,021$1,233,113$1,222,466$1,212,069$1,198,913
2 years$621,387$609,814$598,598$587,724$577,176$563,929
3 years$410,143$398,520$387,333$376,560$366,184$353,258
4 years$304,542$292,955$281,879$271,291$261,166$248,659
5 years$241,198$229,680$218,750$208,377$198,534$186,485
6 years$198,982$187,551$176,782$166,641$157,093$145,516
7 years$168,840$157,505$146,907$137,005$127,759$116,658
8 years$146,243$135,011$124,589$114,930$105,988$95,363
9 years$128,678$117,551$107,308$97,895$89,257$79,104
10 years$114,633$103,616$93,554$84,386$76,052$66,363
11 years$103,150$92,243$82,363$73,441$65,407$56,176
12 years$93,587$82,792$73,095$64,418$56,680$47,897
13 years$85,502$74,820$65,306$56,871$49,426$41,079
14 years$78,578$68,009$58,678$50,484$43,327$35,405
15 years$72,583$62,128$52,978$45,023$38,148$30,640
16 years$67,342$57,001$48,032$40,313$33,716$26,607
17 years$62,722$52,496$43,707$36,221$29,895$23,173
18 years$58,621$48,509$39,899$32,642$26,581$20,233
19 years$54,955$44,957$36,526$29,495$23,692$17,703
20 years$51,660$41,776$33,522$26,714$21,162$15,519
21 years$48,683$38,913$30,833$24,244$18,938$13,626
22 years$45,980$36,324$28,418$22,044$16,975$11,980
23 years$43,515$33,973$26,239$20,076$15,238$10,546
24 years$41,260$31,831$24,266$18,310$13,696$9,293
25 years$39,188$29,871$22,476$16,722$12,324$8,197
26 years$37,279$28,074$20,845$15,290$11,101$7,236
27 years$35,514$26,421$19,356$13,995$10,009$6,392
28 years$33,877$24,897$17,994$12,822$9,031$5,650
29 years$32,357$23,487$16,745$11,758$8,155$4,997
30 years$30,941$22,181$15,598$10,791$7,368$4,421
31 years$29,618$20,968$14,541$9,911$6,662$3,914
32 years$28,381$19,840$13,567$9,108$6,026$3,466
33 years$27,221$18,789$12,668$8,376$5,454$3,070
34 years$26,132$17,808$11,836$7,707$4,938$2,720
35 years$25,107$16,890$11,066$7,094$4,472$2,411
36 years$24,141$16,032$10,352$6,534$4,052$2,137
37 years$23,230$15,226$9,689$6,020$3,672$1,895
38 years$22,368$14,470$9,073$5,549$3,329$1,681
39 years$21,553$13,760$8,501$5,116$3,019$1,491
40 years$20,781$13,091$7,968$4,719$2,739$1,323
41 years$20,048$12,462$7,471$4,354$2,485$1,173
42 years$19,352$11,868$7,008$4,018$2,254$1,041
43 years$18,690$11,308$6,576$3,709$2,046$924
44 years$18,060$10,779$6,173$3,425$1,857$820
45 years$17,459$10,279$5,796$3,163$1,686$728
46 years$16,887$9,805$5,444$2,922$1,531$646
47 years$16,340$9,357$5,115$2,699$1,390$573
48 years$15,818$8,933$4,806$2,494$1,262$509
49 years$15,318$8,530$4,518$2,305$1,147$452
50 years$14,841$8,149$4,247$2,131$1,041$401

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,200,000, adding $5,097 every year, while hoping to spend $48,757 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: 24/48/28 Blend
69$15,200,000$15,200,000$15,200,000$15,200,000
70$16,755,658$15,950,058$15,714,458$17,009,857
71$18,412,858$16,679,733$16,189,015$17,956,166
72$20,237,458$17,443,529$16,677,836$18,964,871
73$22,246,482$18,243,065$17,181,346$20,044,603
74$24,458,687$19,080,040$17,699,986$21,201,304
75$26,894,745$19,956,233$18,234,206$22,441,469
76$29,577,430$20,873,509$18,784,473$23,772,195
77$32,531,840$21,833,824$19,351,266$25,201,243
78$35,785,632$22,839,226$19,935,078$26,737,102
79$39,369,281$23,891,862$20,536,417$28,389,061
80$43,316,367$24,993,983$21,155,807$30,167,286
81$47,663,897$26,147,948$21,793,786$32,082,907
82$52,452,645$27,356,229$22,450,909$34,148,115
83$57,727,548$28,621,417$23,127,747$36,376,264
84$63,538,119$29,946,228$23,824,889$38,781,988
85$69,938,924$31,333,509$24,542,939$41,381,326
86$76,990,088$32,786,245$25,282,521$44,191,864
87$84,757,868$34,307,562$26,044,277$47,232,887
88$93,315,278$35,900,740$26,828,867$50,525,546
89$102,742,775$37,569,215$27,636,973$54,093,050
90$113,129,021$39,316,590$28,469,295$57,960,863
91$124,571,718$41,146,640$29,326,553$62,156,937
92$137,178,532$43,063,324$30,209,491$66,711,955
93$151,068,107$45,070,791$31,118,874$71,659,606
94$166,371,185$47,173,391$32,055,487$77,036,888
95$183,231,842$49,375,683$33,020,142$82,884,436
96$201,808,846$51,682,448$34,013,674$89,246,890
97$222,277,157$54,098,696$35,036,940$96,173,295
98$244,829,575$56,629,681$36,090,825$103,717,543
99$269,678,564$59,280,908$37,176,241$111,938,864
100$297,058,257$62,058,151$38,294,124$120,902,358