Can I retire at age 70 with 18,500,000?

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 $18,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$1,527,713$1,514,105$1,500,828$1,487,869$1,475,216$1,451,972
2 years$756,293$742,208$728,557$715,322$702,484$679,126
3 years$499,187$485,041$471,425$458,314$445,685$422,940
4 years$370,659$356,557$343,077$330,189$317,866$295,910
5 years$293,563$279,545$266,242$253,617$241,637$220,532
6 years$242,182$228,269$215,163$202,820$191,199$170,971
7 years$205,496$191,700$178,801$166,749$155,496$136,150
8 years$177,994$164,322$151,638$139,882$128,999$110,532
9 years$156,614$143,072$130,605$119,148$108,636$91,039
10 years$139,521$126,111$113,865$102,707$92,563$75,821
11 years$125,544$112,269$100,245$89,386$79,607$63,704
12 years$113,906$100,767$88,965$78,403$68,986$53,900
13 years$104,065$91,064$79,484$69,218$60,157$45,868
14 years$95,638$82,775$71,417$61,444$52,733$39,217
15 years$88,341$75,616$64,480$54,798$46,431$33,662
16 years$81,962$69,376$58,460$49,065$41,036$28,990
17 years$76,340$63,893$53,197$44,085$36,385$25,035
18 years$71,347$59,040$48,562$39,729$32,352$21,671
19 years$66,886$54,718$44,456$35,899$28,836$18,796
20 years$62,876$50,846$40,799$32,513$25,757$16,331
21 years$59,252$47,361$37,528$29,508$23,049$14,210
22 years$55,962$44,210$34,587$26,829$20,660$12,381
23 years$52,963$41,349$31,935$24,434$18,546$10,798
24 years$50,218$38,741$29,535$22,285$16,670$9,427
25 years$47,696$36,357$27,355$20,352$15,000$8,237
26 years$45,372$34,169$25,371$18,609$13,512$7,202
27 years$43,224$32,157$23,559$17,033$12,182$6,302
28 years$41,232$30,302$21,901$15,606$10,992$5,516
29 years$39,382$28,586$20,381$14,311$9,925$4,831
30 years$37,658$26,997$18,984$13,134$8,968$4,233
31 years$36,048$25,521$17,698$12,063$8,108$3,710
32 years$34,543$24,148$16,513$11,086$7,334$3,253
33 years$33,131$22,868$15,418$10,194$6,638$2,853
34 years$31,805$21,674$14,406$9,380$6,010$2,503
35 years$30,558$20,557$13,468$8,635$5,443$2,196
36 years$29,382$19,512$12,599$7,952$4,932$1,927
37 years$28,273$18,532$11,793$7,327$4,470$1,691
38 years$27,225$17,612$11,043$6,753$4,052$1,485
39 years$26,233$16,747$10,346$6,227$3,675$1,303
40 years$25,292$15,934$9,698$5,743$3,333$1,145
41 years$24,400$15,167$9,093$5,299$3,024$1,005
42 years$23,553$14,445$8,530$4,890$2,744$883
43 years$22,748$13,763$8,004$4,514$2,490$775
44 years$21,981$13,119$7,513$4,168$2,260$681
45 years$21,250$12,510$7,055$3,850$2,052$598
46 years$20,553$11,934$6,626$3,556$1,863$525
47 years$19,888$11,389$6,225$3,285$1,692$461
48 years$19,252$10,872$5,850$3,036$1,536$405
49 years$18,644$10,382$5,498$2,805$1,395$356
50 years$18,062$9,918$5,169$2,593$1,267$313

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,500,000, adding $4,669 every year, while hoping to spend $44,822 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: 50/25/25 Blend
69$18,500,000$18,500,000$18,500,000$18,500,000
70$20,391,816$19,411,316$19,124,566$21,267,473
71$22,424,091$20,314,780$19,717,549$22,781,163
72$24,662,156$21,261,012$20,328,894$24,420,550
73$27,126,954$22,252,060$20,959,170$26,201,514
74$29,841,562$23,290,070$21,608,962$28,137,486
75$32,831,413$24,377,294$22,278,873$30,243,225
76$36,124,527$25,516,092$22,969,525$32,534,949
77$39,751,785$26,708,936$23,681,560$35,030,489
78$43,747,213$27,958,421$24,415,639$37,749,445
79$48,148,309$29,267,263$25,172,443$40,713,366
80$52,996,391$30,638,314$25,952,674$43,945,947
81$58,336,992$32,074,560$26,757,058$47,473,248
82$64,220,285$33,579,134$27,586,340$51,323,930
83$70,701,562$35,155,319$28,441,289$55,529,517
84$77,841,748$36,806,557$29,322,700$60,124,688
85$85,707,986$38,536,458$30,231,390$65,147,595
86$94,374,261$40,348,804$31,168,202$70,640,215
87$103,922,104$42,247,564$32,134,005$76,648,737
88$114,441,360$44,236,896$33,129,695$83,223,987
89$126,031,034$46,321,159$34,156,196$90,421,900
90$138,800,230$48,504,926$35,214,458$98,304,037
91$152,869,176$50,792,990$36,305,465$106,938,154
92$168,370,361$53,190,376$37,430,227$116,398,831
93$185,449,785$55,702,352$38,589,787$126,768,168
94$204,268,339$58,334,442$39,785,221$138,136,540
95$225,003,319$61,092,440$41,017,636$150,603,443
96$247,850,105$63,982,417$42,288,174$164,278,421
97$273,024,002$67,010,741$43,598,013$179,282,079
98$300,762,271$70,184,088$44,948,368$195,747,214
99$331,326,373$73,509,459$46,340,488$213,820,051
100$365,004,433$76,994,193$47,775,665$233,661,604