Can I retire at age 70 with 16,500,000?

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 $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,280,809
2 years$674,532$661,969$649,794$637,990$626,540$591,598
3 years$445,221$432,604$420,460$408,766$397,502$363,636
4 years$330,588$318,010$305,987$294,493$283,502$250,972
5 years$261,826$249,324$237,459$226,199$215,514$184,410
6 years$216,000$203,592$191,902$180,893$170,529$140,881
7 years$183,280$170,976$159,471$148,722$138,686$110,495
8 years$158,751$146,558$135,244$124,759$115,053$88,306
9 years$139,683$127,605$116,486$106,267$96,891$71,564
10 years$124,437$112,478$101,555$91,603$82,556$58,617
11 years$111,972$100,132$89,407$79,722$71,001$48,413
12 years$101,592$89,873$79,347$69,927$61,528$40,251
13 years$92,815$81,219$70,891$61,735$53,654$33,642
14 years$85,299$73,826$63,696$54,802$47,032$28,241
15 years$78,790$67,441$57,509$48,873$41,411$23,791
16 years$73,101$61,876$52,140$43,761$36,599$20,101
17 years$68,087$56,986$47,446$39,319$32,451$17,025
18 years$63,634$52,657$43,312$35,434$28,854$14,448
19 years$59,655$48,802$39,650$32,018$25,718$12,283
20 years$56,078$45,349$36,389$28,998$22,972$10,457
21 years$52,846$42,241$33,470$26,318$20,558$8,914
22 years$49,912$39,431$30,848$23,929$18,427$7,606
23 years$47,237$36,879$28,483$21,793$16,541$6,496
24 years$44,789$34,553$26,342$19,876$14,867$5,551
25 years$42,540$32,426$24,398$18,152$13,378$4,748
26 years$40,467$30,475$22,628$16,597$12,051$4,062
27 years$38,551$28,681$21,012$15,192$10,865$3,477
28 years$36,775$27,026$19,533$13,919$9,804$2,978
29 years$35,124$25,496$18,177$12,764$8,852$2,551
30 years$33,587$24,078$16,932$11,714$7,999$2,186
31 years$32,151$22,762$15,785$10,759$7,232$1,874
32 years$30,808$21,537$14,727$9,887$6,541$1,606
33 years$29,549$20,396$13,751$9,092$5,920$1,377
34 years$28,367$19,331$12,848$8,366$5,360$1,181
35 years$27,254$18,335$12,012$7,701$4,855$1,013
36 years$26,206$17,403$11,237$7,092$4,399$869
37 years$25,216$16,529$10,518$6,535$3,987$745
38 years$24,281$15,708$9,849$6,023$3,614$640
39 years$23,397$14,937$9,228$5,554$3,277$549
40 years$22,558$14,211$8,649$5,123$2,973$471
41 years$21,763$13,528$8,110$4,726$2,697$404
42 years$21,007$12,883$7,608$4,362$2,447$347
43 years$20,288$12,275$7,139$4,026$2,221$298
44 years$19,604$11,701$6,701$3,718$2,016$255
45 years$18,953$11,158$6,292$3,433$1,830$219
46 years$18,331$10,644$5,910$3,171$1,662$188
47 years$17,738$10,158$5,552$2,930$1,509$161
48 years$17,171$9,697$5,217$2,707$1,370$139
49 years$16,629$9,260$4,904$2,502$1,245$119
50 years$16,110$8,846$4,610$2,313$1,130$102

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,500,000, adding $3,982 every year, while hoping to spend $20,852 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: 70/16/14 Blend
69$16,500,000$16,500,000$16,500,000$16,500,000
70$18,187,107$17,312,607$17,056,857$19,402,895
71$20,020,006$18,138,739$17,606,076$21,037,124
72$22,039,161$19,004,652$18,172,994$22,822,121
73$24,263,550$19,912,274$18,758,183$24,775,081
74$26,714,082$20,863,625$19,362,233$26,912,559
75$29,413,802$21,860,826$19,985,751$29,252,774
76$32,388,102$22,906,099$20,629,366$31,815,779
77$35,664,964$24,001,774$21,293,725$34,623,643
78$39,275,224$25,150,295$21,979,499$37,700,661
79$43,252,863$26,354,225$22,687,378$41,073,575
80$47,635,325$27,616,252$23,418,076$44,771,825
81$52,463,875$28,939,195$24,172,328$48,827,821
82$57,783,984$30,326,009$24,950,894$53,277,246
83$63,645,760$31,779,793$25,754,559$58,159,389
84$70,104,424$33,303,800$26,584,133$63,517,507
85$77,220,826$34,901,436$27,440,452$69,399,236
86$85,062,021$36,576,278$28,324,379$75,857,025
87$93,701,906$38,332,075$29,236,804$82,948,638
88$103,221,912$40,172,757$30,178,648$90,737,682
89$113,711,773$42,102,449$31,150,859$99,294,209
90$125,270,380$44,125,474$32,154,418$108,695,370
91$138,006,704$46,246,368$33,190,337$119,026,134
92$152,040,834$48,469,886$34,259,659$130,380,086
93$167,505,104$50,801,016$35,363,463$142,860,303
94$184,545,348$53,244,989$36,502,862$156,580,319
95$203,322,270$55,807,290$37,679,005$171,665,190
96$224,012,967$58,493,673$38,893,077$188,252,663
97$246,812,598$61,310,171$40,146,303$206,494,476
98$271,936,225$64,263,112$41,439,947$226,557,773
99$299,620,848$67,359,132$42,775,313$248,626,677
100$330,127,638$70,605,192$44,153,749$272,904,018