Can I retire at age 70 with 16,800,000?

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 $16,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,387,328$1,374,971$1,362,914$1,351,146$1,339,656$1,328,986
2 years$686,796$674,005$661,609$649,590$637,931$627,176
3 years$453,316$440,470$428,105$416,198$404,730$394,222
4 years$336,599$323,792$311,551$299,847$288,657$278,477
5 years$266,587$253,857$241,776$230,312$219,432$209,611
6 years$219,927$207,293$195,391$184,182$173,629$164,179
7 years$186,612$174,085$162,371$151,426$141,207$132,132
8 years$161,637$149,223$137,703$127,028$117,145$108,445
9 years$142,223$129,925$118,604$108,199$98,653$90,326
10 years$126,700$114,523$103,402$93,269$84,057$76,098
11 years$114,008$101,953$91,033$81,172$72,292$64,695
12 years$103,439$91,507$80,790$71,199$62,647$55,405
13 years$94,503$82,696$72,180$62,858$54,629$47,734
14 years$86,849$75,168$64,854$55,798$47,888$41,331
15 years$80,223$68,668$58,555$49,762$42,164$35,937
16 years$74,430$63,001$53,088$44,557$37,265$31,358
17 years$69,325$58,022$48,308$40,034$33,041$27,444
18 years$64,791$53,615$44,099$36,078$29,379$24,081
19 years$60,740$49,690$40,371$32,600$26,186$21,177
20 years$57,098$46,174$37,050$29,526$23,390$18,660
21 years$53,807$43,009$34,079$26,796$20,931$16,469
22 years$50,820$40,148$31,409$24,364$18,762$14,556
23 years$48,096$37,549$29,001$22,189$16,842$12,882
24 years$45,603$35,181$26,821$20,237$15,138$11,413
25 years$43,313$33,016$24,841$18,482$13,622$10,122
26 years$41,203$31,029$23,039$16,899$12,270$8,984
27 years$39,252$29,202$21,394$15,468$11,062$7,981
28 years$37,444$27,517$19,888$14,172$9,982$7,094
29 years$35,763$25,959$18,508$12,996$9,013$6,309
30 years$34,198$24,516$17,239$11,927$8,144$5,615
31 years$32,736$23,176$16,072$10,954$7,363$4,999
32 years$31,368$21,929$14,995$10,067$6,660$4,452
33 years$30,086$20,767$14,001$9,258$6,028$3,967
34 years$28,882$19,682$13,082$8,518$5,457$3,535
35 years$27,750$18,668$12,231$7,841$4,943$3,152
36 years$26,682$17,719$11,441$7,221$4,479$2,811
37 years$25,675$16,829$10,709$6,654$4,059$2,507
38 years$24,723$15,994$10,028$6,133$3,680$2,237
39 years$23,822$15,208$9,396$5,655$3,337$1,996
40 years$22,968$14,469$8,807$5,216$3,027$1,781
41 years$22,158$13,774$8,258$4,812$2,746$1,590
42 years$21,389$13,117$7,746$4,441$2,492$1,419
43 years$20,657$12,498$7,269$4,100$2,261$1,267
44 years$19,961$11,913$6,823$3,785$2,053$1,131
45 years$19,297$11,361$6,406$3,496$1,863$1,010
46 years$18,664$10,838$6,017$3,229$1,692$902
47 years$18,060$10,342$5,653$2,983$1,536$806
48 years$17,483$9,873$5,312$2,757$1,395$720
49 years$16,931$9,428$4,993$2,548$1,267$643
50 years$16,403$9,006$4,694$2,355$1,151$574

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,800,000, adding $2,976 every year, while hoping to spend $35,242 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: 72/6/22 Blend
69$16,800,000$16,800,000$16,800,000$16,800,000
70$18,516,670$17,626,270$17,365,870$19,749,485
71$20,367,873$18,452,460$17,910,129$21,397,449
72$22,406,717$19,317,952$18,471,440$23,197,348
73$24,652,306$20,224,635$19,050,337$25,167,881
74$27,125,688$21,174,488$19,647,369$27,325,997
75$29,850,058$22,169,589$20,263,106$29,690,362
76$32,850,977$23,212,111$20,898,134$32,281,525
77$36,156,610$24,304,339$21,553,055$35,122,117
78$39,797,995$25,448,662$22,228,493$38,237,055
79$43,809,334$26,647,590$22,925,091$41,653,780
80$48,228,316$27,903,751$23,643,511$45,402,514
81$53,096,473$29,219,903$24,384,437$49,516,538
82$58,459,570$30,598,936$25,148,573$54,032,507
83$64,368,043$32,043,880$25,936,646$58,990,793
84$70,877,465$33,557,913$26,749,406$64,435,864
85$78,049,081$35,144,365$27,587,626$70,416,696
86$85,950,379$36,806,730$28,452,103$76,987,240
87$94,655,728$38,548,671$29,343,659$84,206,920
88$104,247,083$40,374,026$30,263,142$92,141,198
89$114,814,755$42,286,823$31,211,427$100,862,182
90$126,458,265$44,291,282$32,189,414$110,449,307
91$139,287,283$46,391,830$33,198,035$120,990,081
92$153,422,666$48,593,110$34,238,249$132,580,904
93$168,997,592$50,899,986$35,311,044$145,327,980
94$186,158,823$53,317,562$36,417,442$159,348,307
95$205,068,090$55,851,190$37,558,492$174,770,784
96$225,903,615$58,506,478$38,735,282$191,737,422
97$248,861,799$61,289,311$39,948,930$210,404,677
98$274,159,073$64,205,857$41,200,589$230,944,925
99$302,033,940$67,262,585$42,491,450$253,548,081
100$332,749,228$70,466,279$43,822,740$278,423,391