Can I retire at age 70 with 15,800,000?

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 $15,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$1,304,749$1,293,127$1,281,788$1,270,721$1,259,914$1,243,655
2 years$645,915$633,886$622,227$610,924$599,959$583,602
3 years$426,333$414,251$402,622$391,425$380,639$364,691
4 years$316,563$304,519$293,006$281,999$271,475$256,060
5 years$250,719$238,746$227,385$216,603$206,371$191,534
6 years$206,836$194,954$183,761$173,219$163,294$149,052
7 years$175,504$163,722$152,706$142,413$132,802$119,161
8 years$152,016$140,340$129,507$119,467$110,172$97,130
9 years$133,757$122,191$111,544$101,759$92,781$80,333
10 years$119,158$107,706$97,247$87,717$79,054$67,191
11 years$107,222$95,884$85,614$76,340$67,989$56,700
12 years$97,282$86,060$75,981$66,961$58,918$48,190
13 years$88,877$77,773$67,884$59,116$51,377$41,197
14 years$81,680$70,694$60,994$52,477$45,037$35,389
15 years$75,448$64,580$55,069$46,800$39,654$30,522
16 years$70,000$59,251$49,928$41,904$35,047$26,413
17 years$65,198$54,568$45,433$37,651$31,075$22,923
18 years$60,935$50,423$41,474$33,931$27,630$19,943
19 years$57,124$46,732$37,968$30,659$24,627$17,387
20 years$53,699$43,425$34,845$27,768$21,998$15,185
21 years$50,604$40,449$32,051$25,201$19,685$13,283
22 years$47,795$37,758$29,540$22,914$17,645$11,635
23 years$45,233$35,314$27,275$20,868$15,839$10,203
24 years$42,889$33,087$25,224$19,033$14,237$8,956
25 years$40,735$31,051$23,363$17,382$12,811$7,868
26 years$38,750$29,182$21,668$15,893$11,540$6,918
27 years$36,915$27,464$20,120$14,547$10,404$6,087
28 years$35,215$25,879$18,705$13,328$9,388$5,359
29 years$33,634$24,414$17,406$12,222$8,477$4,720
30 years$32,162$23,057$16,213$11,217$7,659$4,160
31 years$30,787$21,796$15,115$10,302$6,925$3,667
32 years$29,501$20,624$14,103$9,468$6,264$3,234
33 years$28,295$19,531$13,168$8,707$5,669$2,853
34 years$27,163$18,511$12,303$8,011$5,133$2,517
35 years$26,098$17,557$11,503$7,374$4,649$2,222
36 years$25,094$16,664$10,760$6,792$4,212$1,961
37 years$24,147$15,827$10,072$6,258$3,817$1,732
38 years$23,251$15,042$9,432$5,768$3,461$1,529
39 years$22,404$14,303$8,836$5,318$3,138$1,351
40 years$21,601$13,608$8,282$4,905$2,847$1,193
41 years$20,839$12,954$7,766$4,526$2,583$1,054
42 years$20,116$12,337$7,285$4,177$2,343$931
43 years$19,428$11,754$6,836$3,856$2,127$823
44 years$18,773$11,204$6,417$3,560$1,930$727
45 years$18,149$10,684$6,025$3,288$1,753$642
46 years$17,553$10,192$5,659$3,037$1,591$568
47 years$16,985$9,727$5,316$2,806$1,445$502
48 years$16,442$9,285$4,996$2,593$1,312$444
49 years$15,923$8,867$4,696$2,396$1,192$392
50 years$15,426$8,470$4,415$2,215$1,082$347

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $15,800,000, adding $6,336 every year, while hoping to spend $42,447 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: 72/7/21 Blend
69$15,800,000$15,800,000$15,800,000$15,800,000
70$17,418,136$16,580,736$16,335,836$18,582,669
71$19,149,622$17,348,028$16,837,923$20,126,150
72$21,056,298$18,151,496$17,355,407$21,810,413
73$23,155,987$18,992,866$17,888,760$23,654,051
74$25,468,330$19,873,949$18,438,466$25,672,888
75$28,014,971$20,796,644$19,005,027$27,884,342
76$30,819,760$21,762,941$19,588,956$30,307,597
77$33,908,975$22,774,925$20,190,786$32,963,771
78$37,311,576$23,834,782$20,811,063$35,876,123
79$41,059,476$24,944,805$21,450,353$39,070,261
80$45,187,838$26,107,396$22,109,235$42,574,391
81$49,735,412$27,325,073$22,788,309$46,419,573
82$54,744,898$28,600,476$23,488,192$50,640,015
83$60,263,352$29,936,373$24,209,520$55,273,393
84$66,342,623$31,335,665$24,952,948$60,361,203
85$73,039,851$32,801,393$25,719,152$65,949,152
86$80,418,000$34,336,745$26,508,828$72,087,583
87$88,546,455$35,945,065$27,322,693$78,831,950
88$97,501,675$37,629,855$28,161,485$86,243,338
89$107,367,918$39,394,790$29,025,967$94,389,034
90$118,238,032$41,243,720$29,916,922$103,343,160
91$130,214,332$43,180,683$30,835,160$113,187,372
92$143,409,570$45,209,913$31,781,514$124,011,622
93$157,947,993$47,335,846$32,756,842$135,915,005
94$173,966,520$49,563,135$33,762,029$149,006,692
95$191,616,035$51,896,657$34,797,986$163,406,956
96$211,062,805$54,341,528$35,865,653$179,248,300
97$232,490,056$56,903,108$36,965,998$196,676,708
98$256,099,701$59,587,020$38,100,018$215,853,014
99$282,114,243$62,399,156$39,268,740$236,954,417
100$310,778,878$65,345,697$40,473,225$260,176,149