Can I retire at age 70 with 16,600,000?

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 $16,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$1,370,812$1,358,602$1,346,689$1,335,061$1,323,707$1,314,264
2 years$678,620$665,981$653,733$641,856$630,337$620,814
3 years$447,919$435,226$423,008$411,244$399,912$390,605
4 years$332,592$319,937$307,842$296,278$285,220$276,201
5 years$263,413$250,835$238,898$227,570$216,820$208,115
6 years$217,309$204,825$193,065$181,989$171,562$163,182
7 years$184,391$172,012$160,438$149,624$139,526$131,476
8 years$159,713$147,446$136,064$125,515$115,750$108,029
9 years$140,529$128,378$117,192$106,911$97,479$90,085
10 years$125,192$113,159$102,171$92,159$83,057$75,986
11 years$112,651$100,739$89,949$80,206$71,431$64,679
12 years$102,207$90,418$79,828$70,351$61,901$55,461
13 years$93,377$81,711$71,321$62,109$53,979$47,844
14 years$85,816$74,273$64,082$55,134$47,318$41,481
15 years$79,268$67,850$57,857$49,170$41,662$36,115
16 years$73,544$62,251$52,456$44,026$36,821$31,556
17 years$68,499$57,331$47,733$39,557$32,648$27,656
18 years$64,020$52,976$43,574$35,649$29,029$24,302
19 years$60,017$49,098$39,890$32,212$25,874$21,402
20 years$56,418$45,624$36,609$29,174$23,111$18,885
21 years$53,167$42,497$33,673$26,477$20,682$16,692
22 years$50,215$39,670$31,035$24,074$18,539$14,776
23 years$47,523$37,102$28,656$21,925$16,641$13,096
24 years$45,060$34,762$26,501$19,996$14,958$11,621
25 years$42,797$32,623$24,546$18,262$13,460$10,322
26 years$40,712$30,660$22,765$16,698$12,124$9,176
27 years$38,785$28,855$21,139$15,284$10,931$8,164
28 years$36,998$27,190$19,652$14,003$9,863$7,268
29 years$35,337$25,650$18,288$12,841$8,906$6,475
30 years$33,790$24,224$17,034$11,785$8,047$5,771
31 years$32,346$22,900$15,880$10,824$7,275$5,147
32 years$30,995$21,668$14,817$9,947$6,581$4,591
33 years$29,728$20,520$13,834$9,147$5,956$4,098
34 years$28,538$19,448$12,926$8,416$5,392$3,658
35 years$27,419$18,446$12,085$7,748$4,884$3,267
36 years$26,365$17,508$11,305$7,135$4,425$2,918
37 years$25,369$16,629$10,582$6,574$4,011$2,607
38 years$24,429$15,803$9,909$6,060$3,636$2,330
39 years$23,538$15,027$9,284$5,587$3,297$2,083
40 years$22,695$14,297$8,702$5,154$2,991$1,862
41 years$21,894$13,610$8,159$4,755$2,713$1,665
42 years$21,134$12,961$7,654$4,388$2,462$1,489
43 years$20,411$12,350$7,182$4,051$2,234$1,331
44 years$19,723$11,772$6,742$3,740$2,028$1,191
45 years$19,067$11,225$6,330$3,454$1,841$1,065
46 years$18,442$10,709$5,945$3,191$1,672$953
47 years$17,845$10,219$5,586$2,948$1,518$853
48 years$17,275$9,756$5,249$2,724$1,379$763
49 years$16,729$9,316$4,934$2,517$1,252$683
50 years$16,207$8,899$4,638$2,327$1,137$611

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,600,000, adding $5,529 every year, while hoping to spend $45,716 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: 61/9/30 Blend
69$16,600,000$16,600,000$16,600,000$16,600,000
70$18,298,903$17,419,103$17,161,803$19,266,006
71$20,116,750$18,223,998$17,688,082$20,731,329
72$22,118,485$19,066,800$18,230,459$22,324,786
73$24,322,816$19,949,319$18,789,425$24,063,328
74$26,750,359$20,873,451$19,365,487$25,961,151
75$29,423,829$21,841,184$19,959,165$28,033,874
76$32,368,259$22,854,602$20,570,996$30,298,687
77$35,611,232$23,915,887$21,201,535$32,774,510
78$39,183,142$25,027,331$21,851,351$35,482,168
79$43,117,484$26,191,331$22,521,032$38,444,584
80$47,451,164$27,410,403$23,211,183$41,686,996
81$52,224,855$28,687,185$23,922,430$45,237,184
82$57,483,372$30,024,439$24,655,414$49,125,737
83$63,276,103$31,425,064$25,410,797$53,386,332
84$69,657,470$32,892,096$26,189,263$58,056,050
85$76,687,443$34,428,720$26,991,514$63,175,725
86$84,432,108$36,038,273$27,818,276$68,790,320
87$92,964,289$37,724,254$28,670,294$74,949,352
88$102,364,236$39,490,332$29,548,338$81,707,350
89$112,720,381$41,340,351$30,453,201$89,124,370
90$124,130,175$43,278,344$31,385,699$97,266,554
91$136,701,007$45,308,537$32,346,673$106,206,751
92$150,551,214$47,435,359$33,336,991$116,025,197
93$165,811,204$49,663,458$34,357,546$126,810,271
94$182,624,681$51,997,701$35,409,258$138,659,318
95$201,150,006$54,443,196$36,493,076$151,679,569
96$221,561,688$57,005,295$37,609,976$165,989,140
97$244,052,036$59,689,610$38,760,965$181,718,147
98$268,832,967$62,502,024$39,947,081$199,009,923
99$296,138,013$65,448,707$41,169,392$218,022,366
100$326,224,522$68,536,125$42,428,999$238,929,423