Can I retire at age 70 with 15,500,000?

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 $15,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$1,279,976$1,268,574$1,257,451$1,246,593$1,235,992$1,194,992
2 years$633,651$621,850$610,413$599,324$588,568$547,659
3 years$418,238$406,386$394,978$383,993$373,411$333,878
4 years$310,552$298,737$287,443$276,645$266,320$228,465
5 years$245,958$234,213$223,067$212,490$202,452$166,376
6 years$202,909$191,253$180,271$169,930$160,194$125,925
7 years$172,172$160,614$149,806$139,709$130,280$97,815
8 years$149,130$137,676$127,048$117,198$108,080$77,395
9 years$131,217$119,871$109,426$99,827$91,019$62,076
10 years$116,896$105,661$95,400$86,052$77,553$50,307
11 years$105,186$94,064$83,989$74,891$66,698$41,097
12 years$95,434$84,426$74,538$65,689$57,799$33,786
13 years$87,190$76,297$66,595$57,994$50,402$27,916
14 years$80,129$69,352$59,836$51,480$44,182$23,160
15 years$74,015$63,354$54,024$45,911$38,901$19,278
16 years$68,671$58,126$48,980$41,109$34,381$16,090
17 years$63,960$53,532$44,570$36,936$30,485$13,459
18 years$59,778$49,466$40,687$33,287$27,106$11,279
19 years$56,040$45,845$37,247$30,077$24,160$9,467
20 years$52,680$42,601$34,183$27,241$21,580$7,956
21 years$49,644$39,681$31,442$24,723$19,312$6,693
22 years$46,887$37,041$28,979$22,479$17,310$5,636
23 years$44,374$34,644$26,757$20,472$15,539$4,749
24 years$42,074$32,459$24,745$18,671$13,966$4,004
25 years$39,961$30,461$22,919$17,052$12,568$3,378
26 years$38,014$28,628$21,256$15,591$11,320$2,851
27 years$36,214$26,943$19,738$14,271$10,206$2,407
28 years$34,546$25,388$18,349$13,075$9,209$2,033
29 years$32,996$23,951$17,076$11,990$8,316$1,718
30 years$31,551$22,619$15,905$11,004$7,514$1,451
31 years$30,203$21,382$14,828$10,106$6,793$1,227
32 years$28,941$20,232$13,835$9,288$6,145$1,037
33 years$27,758$19,160$12,918$8,541$5,561$877
34 years$26,647$18,159$12,070$7,859$5,035$741
35 years$25,602$17,224$11,284$7,234$4,560$627
36 years$24,618$16,348$10,556$6,663$4,132$530
37 years$23,688$15,527$9,880$6,139$3,745$448
38 years$22,810$14,756$9,252$5,658$3,395$379
39 years$21,979$14,031$8,669$5,217$3,079$321
40 years$21,191$13,350$8,125$4,812$2,793$271
41 years$20,444$12,708$7,619$4,440$2,534$229
42 years$19,734$12,102$7,147$4,097$2,299$194
43 years$19,059$11,531$6,706$3,782$2,086$164
44 years$18,416$10,992$6,295$3,492$1,894$139
45 years$17,804$10,482$5,911$3,225$1,719$117
46 years$17,220$9,999$5,551$2,979$1,561$99
47 years$16,663$9,542$5,216$2,752$1,417$84
48 years$16,130$9,109$4,901$2,543$1,287$71
49 years$15,621$8,699$4,607$2,351$1,169$60
50 years$15,133$8,309$4,331$2,173$1,062$51

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,500,000, adding $5,808 every year, while hoping to spend $51,030 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: 45/32/23 Blend
69$15,500,000$15,500,000$15,500,000$15,500,000
70$17,086,991$16,265,491$16,025,241$17,742,304
71$18,775,569$17,008,204$16,507,791$18,947,865
72$20,634,671$17,785,601$17,004,796$20,249,009
73$22,681,637$18,599,325$17,516,687$21,659,052
74$24,935,574$19,451,102$18,043,906$23,188,153
75$27,417,536$20,342,739$18,586,910$24,847,467
76$30,150,722$21,276,131$19,146,168$26,649,247
77$33,160,695$22,253,261$19,722,165$28,606,952
78$36,475,625$23,276,210$20,315,397$30,735,366
79$40,126,554$24,347,159$20,926,377$33,050,738
80$44,147,685$25,468,393$21,555,634$35,570,922
81$48,576,711$26,642,306$22,203,709$38,315,542
82$53,455,165$27,871,408$22,871,163$41,306,172
83$58,828,815$29,158,331$23,558,571$44,566,526
84$64,748,097$30,505,831$24,266,525$48,122,683
85$71,268,586$31,916,800$24,995,637$52,003,318
86$78,451,524$33,394,266$25,746,533$56,239,968
87$86,364,398$34,941,404$26,519,861$60,867,318
88$95,081,577$36,561,543$27,316,286$65,923,524
89$104,685,010$38,258,170$28,136,494$71,450,559
90$115,265,004$40,034,944$28,981,190$77,494,601
91$126,921,075$41,895,696$29,851,100$84,106,459
92$139,762,884$43,844,445$30,746,972$91,342,042
93$153,911,278$45,885,403$31,669,575$99,262,874
94$169,499,424$48,022,983$32,619,701$107,936,663
95$186,674,071$50,261,815$33,598,167$117,437,929
96$205,596,931$52,606,749$34,605,811$127,848,694
97$226,446,210$55,062,871$35,643,497$139,259,243
98$249,418,284$57,635,513$36,712,115$151,768,960
99$274,729,558$60,330,262$37,812,580$165,487,254
100$302,618,507$63,152,979$38,945,835$180,534,576