Can I retire at age 70 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,433,324
2 years$748,117$734,184$720,681$707,589$694,889$668,840
3 years$493,791$479,798$466,328$453,359$440,866$415,523
4 years$366,652$352,702$339,368$326,620$314,430$289,987
5 years$290,389$276,523$263,363$250,875$239,024$215,553
6 years$239,564$225,802$212,837$200,627$189,132$166,658
7 years$203,274$189,628$176,868$164,946$153,815$132,344
8 years$176,069$162,546$149,998$138,369$127,604$107,132
9 years$154,921$141,526$129,193$117,860$107,461$87,976
10 years$138,012$124,748$112,634$101,597$91,562$73,047
11 years$124,187$111,056$99,161$88,419$78,747$61,180
12 years$112,674$99,678$88,003$77,556$68,240$51,599
13 years$102,940$90,079$78,625$68,470$59,507$43,765
14 years$94,604$81,880$70,645$60,780$52,163$37,293
15 years$87,386$74,799$63,783$54,205$45,929$31,901
16 years$81,076$68,626$57,828$48,535$40,592$27,377
17 years$75,514$63,202$52,621$43,608$35,992$23,558
18 years$70,576$58,402$48,037$39,300$32,002$20,319
19 years$66,163$54,126$43,975$35,511$28,524$17,559
20 years$62,196$50,297$40,358$32,162$25,478$15,199
21 years$58,611$46,849$37,122$29,189$22,800$13,175
22 years$55,357$43,732$34,214$26,539$20,437$11,435
23 years$52,390$40,902$31,590$24,170$18,346$9,935
24 years$49,675$38,322$29,216$22,044$16,489$8,640
25 years$47,180$35,964$27,059$20,132$14,838$7,519
26 years$44,881$33,800$25,096$18,408$13,365$6,548
27 years$42,756$31,810$23,304$16,849$12,050$5,706
28 years$40,787$29,974$21,664$15,437$10,873$4,975
29 years$38,956$28,277$20,160$14,156$9,818$4,339
30 years$37,251$26,705$18,779$12,992$8,871$3,787
31 years$35,659$25,245$17,507$11,932$8,020$3,305
32 years$34,169$23,887$16,334$10,966$7,255$2,886
33 years$32,773$22,621$15,251$10,084$6,566$2,520
34 years$31,461$21,440$14,250$9,278$5,945$2,202
35 years$30,227$20,335$13,323$8,541$5,384$1,924
36 years$29,065$19,301$12,463$7,866$4,878$1,681
37 years$27,967$18,332$11,665$7,248$4,421$1,469
38 years$26,930$17,422$10,924$6,680$4,008$1,284
39 years$25,949$16,566$10,235$6,160$3,635$1,123
40 years$25,019$15,761$9,593$5,681$3,297$982
41 years$24,137$15,003$8,995$5,242$2,991$858
42 years$23,299$14,289$8,438$4,838$2,714$750
43 years$22,502$13,614$7,918$4,466$2,463$656
44 years$21,743$12,977$7,432$4,123$2,236$574
45 years$21,020$12,375$6,978$3,808$2,030$502
46 years$20,331$11,805$6,554$3,517$1,843$439
47 years$19,673$11,266$6,158$3,250$1,674$384
48 years$19,044$10,755$5,786$3,003$1,520$336
49 years$18,443$10,270$5,439$2,775$1,380$294
50 years$17,867$9,810$5,113$2,565$1,254$257

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,300,000, adding $4,425 every year, while hoping to spend $54,386 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: 50/28/22 Blend
69$18,300,000$18,300,000$18,300,000$18,300,000
70$20,171,164$19,201,264$18,917,614$21,055,076
71$22,170,757$20,084,260$19,493,488$22,551,642
72$24,372,485$21,008,700$20,086,831$24,171,360
73$26,796,909$21,976,557$20,698,171$25,930,633
74$29,466,685$22,989,899$21,328,051$27,842,674
75$32,406,778$24,050,895$21,977,031$29,922,004
76$35,644,696$25,161,816$22,645,689$32,184,578
77$39,210,754$26,325,044$23,334,618$34,647,934
78$43,138,354$27,543,074$24,044,431$37,331,350
79$47,464,305$28,818,523$24,775,758$40,256,019
80$52,229,166$30,154,133$25,529,248$43,445,242
81$57,477,633$31,552,778$26,305,570$46,924,644
82$63,258,959$33,017,471$27,105,414$50,722,404
83$69,627,416$34,551,370$27,929,488$54,869,515
84$76,642,811$36,157,786$28,778,524$59,400,070
85$84,371,048$37,840,188$29,653,276$64,351,573
86$92,884,752$39,602,214$30,554,517$69,765,284
87$102,263,950$41,447,677$31,483,047$75,686,601
88$112,596,834$43,380,573$32,439,690$82,165,477
89$123,980,583$45,405,093$33,425,291$89,256,884
90$136,522,288$47,525,629$34,440,725$97,021,316
91$150,339,962$49,746,785$35,486,890$105,525,356
92$165,563,650$52,073,389$36,564,711$114,842,286
93$182,336,657$54,510,500$37,675,144$125,052,773
94$200,816,904$57,063,423$38,819,170$136,245,611
95$221,178,418$59,737,719$39,997,801$148,518,552
96$243,612,968$62,539,219$41,212,079$161,979,213
97$268,331,884$65,474,035$42,463,078$176,746,075
98$295,568,048$68,548,574$43,751,902$192,949,589
99$325,578,089$71,769,554$45,079,691$210,733,391
100$358,644,810$75,144,019$46,447,617$230,255,641