Can I retire at age 70 with 16,900,000?

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 $16,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$1,395,586$1,383,155$1,371,027$1,359,189$1,347,630$1,316,656
2 years$690,884$678,017$665,547$653,456$641,728$610,694
3 years$456,014$443,092$430,653$418,676$407,139$377,013
4 years$338,602$325,719$313,405$301,632$290,375$261,390
5 years$268,174$255,368$243,215$231,683$220,738$192,975
6 years$221,236$208,527$196,554$185,278$174,663$148,150
7 years$187,723$175,121$163,337$152,328$142,048$116,790
8 years$162,599$150,111$138,523$127,784$117,842$93,829
9 years$143,069$130,698$119,310$108,843$99,240$76,454
10 years$127,454$115,204$104,017$93,824$84,558$62,974
11 years$114,686$102,560$91,575$81,655$72,722$52,311
12 years$104,054$92,052$81,270$71,622$63,020$43,748
13 years$95,065$83,188$72,610$63,232$54,954$36,787
14 years$87,366$75,616$65,240$56,130$48,173$31,072
15 years$80,700$69,076$58,903$50,058$42,415$26,341
16 years$74,873$63,376$53,404$44,822$37,487$22,399
17 years$69,737$58,367$48,596$40,272$33,238$19,095
18 years$65,177$53,934$44,362$36,293$29,554$16,314
19 years$61,101$49,985$40,611$32,794$26,342$13,962
20 years$57,438$46,449$37,271$29,701$23,529$11,968
21 years$54,127$43,265$34,282$26,956$21,056$10,273
22 years$51,122$40,386$31,596$24,509$18,874$8,827
23 years$48,382$37,773$29,173$22,321$16,942$7,592
24 years$45,874$35,391$26,980$20,358$15,228$6,534
25 years$43,571$33,212$24,989$18,592$13,703$5,628
26 years$41,448$31,214$23,176$17,000$12,343$4,851
27 years$39,485$29,376$21,521$15,560$11,128$4,183
28 years$37,666$27,681$20,007$14,256$10,041$3,609
29 years$35,976$26,114$18,618$13,073$9,067$3,114
30 years$34,401$24,662$17,342$11,998$8,193$2,688
31 years$32,931$23,314$16,167$11,019$7,407$2,322
32 years$31,555$22,059$15,084$10,127$6,700$2,005
33 years$30,265$20,891$14,084$9,313$6,064$1,732
34 years$29,054$19,800$13,160$8,568$5,490$1,497
35 years$27,915$18,780$12,303$7,888$4,972$1,294
36 years$26,841$17,825$11,510$7,264$4,505$1,118
37 years$25,828$16,929$10,773$6,693$4,083$966
38 years$24,870$16,089$10,088$6,169$3,702$836
39 years$23,964$15,299$9,452$5,688$3,357$722
40 years$23,105$14,556$8,859$5,247$3,045$625
41 years$22,290$13,856$8,307$4,841$2,762$540
42 years$21,516$13,196$7,792$4,467$2,507$467
43 years$20,780$12,573$7,312$4,124$2,275$404
44 years$20,080$11,984$6,863$3,808$2,065$349
45 years$19,412$11,428$6,445$3,517$1,875$302
46 years$18,775$10,902$6,053$3,248$1,702$261
47 years$18,168$10,404$5,687$3,001$1,545$226
48 years$17,587$9,932$5,344$2,773$1,404$195
49 years$17,032$9,484$5,023$2,563$1,275$169
50 years$16,500$9,060$4,722$2,369$1,158$146

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $16,900,000, adding $6,850 every year, while hoping to spend $52,720 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: 30/45/25 Blend
69$16,900,000$16,900,000$16,900,000$16,900,000
70$18,630,866$17,735,166$17,473,216$19,045,460
71$20,475,120$18,548,095$18,002,475$20,179,516
72$22,505,722$19,399,091$18,547,697$21,393,525
73$24,741,622$20,289,964$19,109,362$22,698,481
74$27,203,705$21,222,608$19,687,962$24,102,311
75$29,914,980$22,199,014$20,284,006$25,613,692
76$32,900,805$23,221,263$20,898,018$27,242,126
77$36,189,121$24,291,538$21,530,535$28,998,019
78$39,810,717$25,412,129$22,182,114$30,892,775
79$43,799,520$26,585,434$22,853,325$32,938,890
80$48,192,917$27,813,966$23,544,756$35,150,063
81$53,032,104$29,100,360$24,257,016$37,541,313
82$58,362,479$30,447,377$24,990,726$40,129,114
83$64,234,067$31,857,914$25,746,530$42,931,537
84$70,701,993$33,335,003$26,525,090$45,968,410
85$77,827,003$34,881,825$27,327,088$49,261,494
86$85,676,037$36,501,714$28,153,224$52,834,672
87$94,322,859$38,198,163$29,004,223$56,714,169
88$103,848,754$39,974,837$29,880,828$60,928,778
89$114,343,296$41,835,574$30,783,805$65,510,124
90$125,905,194$43,784,399$31,713,945$70,492,944
91$138,643,221$45,825,531$32,672,058$75,915,399
92$152,677,240$47,963,393$33,658,983$81,819,421
93$168,139,341$50,202,621$34,675,581$88,251,089
94$185,175,079$52,548,075$35,722,739$95,261,049
95$203,944,858$55,004,851$36,801,372$102,904,970
96$224,625,434$57,578,290$37,912,418$111,244,054
97$247,411,592$60,273,990$39,056,848$120,345,590
98$272,517,981$63,097,822$40,235,659$130,283,568
99$300,181,140$66,055,940$41,449,878$141,139,361
100$330,661,730$69,154,794$42,700,563$153,002,461