Can I retire at age 70 with 15,600,000?

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 $15,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$1,288,233$1,276,759$1,265,563$1,254,636$1,243,966$1,201,263
2 years$637,739$625,862$614,351$603,190$592,365$549,777
3 years$420,936$409,008$397,526$386,470$375,821$334,686
4 years$312,556$300,664$289,297$278,430$268,038$228,671
5 years$247,545$235,724$224,506$213,861$203,758$166,263
6 years$204,218$192,487$181,434$171,026$161,227$125,633
7 years$173,283$161,650$150,773$140,610$131,121$97,421
8 years$150,092$138,564$127,867$117,954$108,777$76,946
9 years$132,064$120,645$110,132$100,471$91,606$61,603
10 years$117,650$106,342$96,016$86,607$78,053$49,829
11 years$105,864$94,670$84,531$75,374$67,128$40,628
12 years$96,050$84,971$75,019$66,113$58,172$33,334
13 years$87,752$76,789$67,024$58,368$50,727$27,486
14 years$80,646$69,799$60,222$51,813$44,467$22,756
15 years$74,493$63,763$54,372$46,208$39,152$18,901
16 years$69,114$58,501$49,296$41,374$34,603$15,741
17 years$64,373$53,877$44,858$37,174$30,681$13,138
18 years$60,163$49,785$40,949$33,501$27,280$10,986
19 years$56,401$46,140$37,487$30,271$24,316$9,200
20 years$53,019$42,876$34,404$27,417$21,719$7,714
21 years$49,964$39,937$31,645$24,882$19,436$6,474
22 years$47,190$37,280$29,166$22,624$17,422$5,439
23 years$44,661$34,867$26,929$20,604$15,639$4,572
24 years$42,346$32,668$24,905$18,792$14,057$3,846
25 years$40,219$30,657$23,067$17,162$12,649$3,237
26 years$38,260$28,813$21,394$15,692$11,394$2,725
27 years$36,448$27,116$19,866$14,363$10,272$2,296
28 years$34,769$25,552$18,468$13,160$9,269$1,934
29 years$33,209$24,105$17,186$12,068$8,369$1,630
30 years$31,755$22,765$16,008$11,075$7,562$1,374
31 years$30,398$21,520$14,924$10,172$6,837$1,158
32 years$29,128$20,362$13,924$9,348$6,185$977
33 years$27,937$19,284$13,001$8,596$5,597$824
34 years$26,819$18,277$12,147$7,909$5,068$695
35 years$25,768$17,335$11,357$7,281$4,590$586
36 years$24,776$16,453$10,624$6,706$4,159$494
37 years$23,841$15,627$9,944$6,178$3,769$417
38 years$22,957$14,851$9,312$5,695$3,417$352
39 years$22,120$14,122$8,725$5,251$3,099$297
40 years$21,328$13,436$8,177$4,843$2,811$250
41 years$20,576$12,790$7,668$4,468$2,550$211
42 years$19,861$12,181$7,193$4,124$2,314$178
43 years$19,182$11,606$6,749$3,807$2,100$150
44 years$18,535$11,063$6,335$3,515$1,906$127
45 years$17,919$10,549$5,949$3,246$1,730$107
46 years$17,331$10,063$5,587$2,998$1,571$90
47 years$16,770$9,604$5,249$2,770$1,427$76
48 years$16,234$9,168$4,933$2,560$1,296$64
49 years$15,722$8,755$4,636$2,366$1,177$54
50 years$15,231$8,363$4,359$2,187$1,069$46

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,600,000, adding $3,851 every year, while hoping to spend $31,272 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: 72/21/7 Blend
69$15,600,000$15,600,000$15,600,000$15,600,000
70$17,195,172$16,368,372$16,126,572$18,415,461
71$18,915,807$17,137,149$16,633,539$19,989,918
72$20,810,898$17,942,548$17,156,442$21,708,900
73$22,898,207$18,786,331$17,695,780$23,590,043
74$25,197,306$19,670,344$18,252,071$25,649,320
75$27,729,764$20,596,523$18,825,848$27,904,310
76$30,519,345$21,566,898$19,417,659$30,374,356
77$33,592,240$22,583,597$20,028,072$33,080,748
78$36,977,308$23,648,853$20,657,672$36,046,919
79$40,706,350$24,765,004$21,307,061$39,298,659
80$44,814,412$25,934,503$21,976,861$42,864,361
81$49,340,110$27,159,921$22,667,714$46,775,277
82$54,326,000$28,443,956$23,380,282$51,065,816
83$59,818,977$29,789,435$24,115,246$55,773,856
84$65,870,717$31,199,321$24,873,311$60,941,106
85$72,538,165$32,676,724$25,655,202$66,613,484
86$79,884,075$34,224,900$26,461,669$72,841,554
87$87,977,600$35,847,269$27,293,483$79,680,993
88$96,894,942$37,547,412$28,151,442$87,193,110
89$106,720,077$39,329,087$29,036,366$95,445,424
90$117,545,545$41,196,232$29,949,104$104,512,285
91$129,473,320$43,152,977$30,890,529$114,475,581
92$142,615,780$45,203,654$31,861,543$125,425,494
93$157,096,761$47,352,804$32,863,076$137,461,349
94$173,052,728$49,605,189$33,896,086$150,692,541
95$190,634,065$51,965,802$34,961,564$165,239,562
96$210,006,491$54,439,878$36,060,528$181,235,129
97$231,352,630$57,032,909$37,194,032$198,825,427
98$254,873,727$59,750,650$38,363,161$218,171,480
99$280,791,554$62,599,139$39,569,035$239,450,662
100$309,350,503$65,584,707$40,812,807$262,858,360