Can I retire at age 70 with 16,100,000?

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 $16,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$1,329,523$1,317,680$1,306,126$1,294,849$1,283,837$1,252,800
2 years$658,180$645,922$634,042$622,523$611,351$580,269
3 years$434,428$422,117$410,267$398,857$387,866$357,710
4 years$322,574$310,301$298,569$287,354$276,629$247,631
5 years$255,479$243,280$231,702$220,715$210,289$182,530
6 years$210,764$198,656$187,250$176,508$166,395$139,902
7 years$178,837$166,831$155,605$145,117$135,323$110,101
8 years$154,902$143,005$131,966$121,735$112,264$88,301
9 years$136,297$124,512$113,662$103,691$94,542$71,819
10 years$121,421$109,751$99,093$89,383$80,555$59,046
11 years$109,257$97,705$87,240$77,790$69,280$48,955
12 years$99,129$87,694$77,423$68,232$60,036$40,861
13 years$90,565$79,250$69,173$60,239$52,353$34,291
14 years$83,231$72,036$62,152$53,473$45,892$28,904
15 years$76,880$65,806$56,115$47,689$40,407$24,452
16 years$71,329$60,376$50,876$42,700$35,712$20,748
17 years$66,436$55,604$46,295$38,366$31,665$17,649
18 years$62,092$51,381$42,262$34,575$28,155$15,045
19 years$58,209$47,619$38,689$31,242$25,095$12,848
20 years$54,719$44,250$35,506$28,295$22,415$10,988
21 years$51,565$41,217$32,659$25,680$20,059$9,410
22 years$48,702$38,475$30,100$23,349$17,980$8,066
23 years$46,092$35,985$27,792$21,264$16,140$6,921
24 years$43,703$33,715$25,703$19,394$14,507$5,944
25 years$41,508$31,640$23,806$17,712$13,054$5,107
26 years$39,486$29,737$22,079$16,195$11,759$4,391
27 years$37,616$27,986$20,502$14,824$10,601$3,777
28 years$35,883$26,371$19,060$13,582$9,566$3,251
29 years$34,273$24,878$17,737$12,455$8,638$2,798
30 years$32,773$23,494$16,521$11,430$7,805$2,410
31 years$31,372$22,210$15,402$10,498$7,056$2,076
32 years$30,061$21,015$14,370$9,648$6,383$1,789
33 years$28,833$19,902$13,418$8,872$5,777$1,541
34 years$27,679$18,862$12,537$8,163$5,230$1,328
35 years$26,593$17,891$11,721$7,514$4,737$1,145
36 years$25,571$16,981$10,965$6,921$4,292$987
37 years$24,605$16,128$10,263$6,376$3,890$851
38 years$23,693$15,327$9,611$5,877$3,527$734
39 years$22,829$14,575$9,004$5,419$3,198$633
40 years$22,011$13,867$8,440$4,998$2,901$546
41 years$21,235$13,200$7,914$4,612$2,632$471
42 years$20,498$12,571$7,423$4,256$2,388$406
43 years$19,797$11,978$6,966$3,929$2,167$350
44 years$19,129$11,417$6,539$3,628$1,967$302
45 years$18,493$10,887$6,139$3,350$1,786$261
46 years$17,887$10,386$5,766$3,095$1,621$225
47 years$17,308$9,911$5,417$2,859$1,472$194
48 years$16,754$9,462$5,091$2,642$1,337$167
49 years$16,225$9,035$4,785$2,442$1,214$144
50 years$15,719$8,631$4,499$2,257$1,103$125

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,100,000, adding $6,592 every year, while hoping to spend $59,711 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: 57/37/6 Blend
69$16,100,000$16,100,000$16,100,000$16,100,000
70$17,749,000$16,895,700$16,646,150$18,738,280
71$19,495,866$17,660,057$17,140,264$20,168,372
72$21,418,911$18,459,866$17,648,929$21,718,442
73$23,536,042$19,296,802$18,172,571$23,405,770
74$25,866,991$20,172,619$18,711,625$25,243,456
75$28,433,501$21,089,154$19,266,541$27,245,901
76$31,259,529$22,048,333$19,837,781$29,428,929
77$34,371,475$23,052,176$20,425,821$31,809,935
78$37,798,429$24,102,796$21,031,150$34,408,044
79$41,572,446$25,202,410$21,654,270$37,244,283
80$45,728,848$26,353,340$22,295,700$40,341,771
81$50,306,557$27,558,021$22,955,973$43,725,937
82$55,348,464$28,819,001$23,635,636$47,424,744
83$60,901,830$30,138,955$24,335,252$51,468,953
84$67,018,736$31,520,683$25,055,403$55,892,400
85$73,756,571$32,967,121$25,796,683$60,732,311
86$81,178,576$34,481,345$26,559,706$66,029,641
87$89,354,438$36,066,578$27,345,105$71,829,457
88$98,360,952$37,726,202$28,153,527$78,181,345
89$108,282,740$39,463,756$28,985,640$85,139,879
90$119,213,052$41,282,953$29,842,132$92,765,115
91$131,254,649$43,187,683$30,723,709$101,123,155
92$144,520,767$45,182,023$31,631,097$110,286,756
93$159,136,191$47,270,248$32,565,044$120,336,006
94$175,238,428$49,456,837$33,526,320$131,359,065
95$192,979,010$51,746,484$34,515,713$143,452,987
96$212,524,919$54,144,111$35,534,039$156,724,621
97$234,060,164$56,654,876$36,582,133$171,291,606
98$257,787,523$59,284,187$37,660,857$187,283,465
99$283,930,448$62,037,710$38,771,093$204,842,815
100$312,735,183$64,921,387$39,913,754$224,126,692