Can I retire at age 70 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,452,170
2 years$764,470$750,232$736,434$723,055$710,078$671,058
3 years$504,584$490,285$476,521$463,268$450,503$412,678
4 years$374,667$360,411$346,785$333,759$321,302$284,963
5 years$296,736$282,567$269,120$256,359$244,249$209,496
6 years$244,800$230,737$217,489$205,012$193,266$160,133
7 years$207,717$193,773$180,734$168,552$157,177$125,666
8 years$179,918$166,099$153,277$141,394$130,393$100,490
9 years$158,307$144,619$132,017$120,436$109,810$81,487
10 years$141,029$127,475$115,096$103,817$93,564$66,786
11 years$126,902$113,483$101,328$90,352$80,468$55,196
12 years$115,137$101,856$89,926$79,251$69,732$45,920
13 years$105,190$92,048$80,343$69,967$60,807$38,406
14 years$96,672$83,669$72,189$62,109$53,303$32,262
15 years$89,296$76,434$65,177$55,390$46,933$27,198
16 years$82,848$70,126$59,092$49,596$41,479$22,996
17 years$77,165$64,584$53,772$44,561$36,778$19,491
18 years$72,119$59,678$49,087$40,159$32,702$16,554
19 years$67,609$55,309$44,936$36,287$29,148$14,083
20 years$63,555$51,396$41,240$32,865$26,035$11,999
21 years$59,893$47,873$37,933$29,827$23,299$10,236
22 years$56,567$44,688$34,961$27,119$20,884$8,741
23 years$53,535$41,796$32,281$24,698$18,747$7,471
24 years$50,760$39,160$29,854$22,526$16,850$6,390
25 years$48,211$36,750$27,651$20,572$15,162$5,469
26 years$45,862$34,539$25,645$18,810$13,658$4,683
27 years$43,691$32,505$23,813$17,217$12,314$4,012
28 years$41,678$30,629$22,138$15,775$11,111$3,439
29 years$39,808$28,895$20,601$14,466$10,033$2,948
30 years$38,065$27,288$19,189$13,276$9,065$2,528
31 years$36,438$25,797$17,889$12,193$8,196$2,169
32 years$34,916$24,409$16,691$11,206$7,414$1,861
33 years$33,489$23,116$15,585$10,305$6,709$1,597
34 years$32,149$21,908$14,561$9,481$6,075$1,371
35 years$30,888$20,780$13,614$8,728$5,502$1,177
36 years$29,700$19,723$12,735$8,038$4,985$1,010
37 years$28,579$18,732$11,920$7,406$4,518$867
38 years$27,519$17,802$11,163$6,826$4,096$745
39 years$26,516$16,928$10,458$6,294$3,714$640
40 years$25,566$16,106$9,802$5,806$3,369$549
41 years$24,664$15,331$9,192$5,356$3,057$472
42 years$23,808$14,601$8,622$4,943$2,774$405
43 years$22,993$13,912$8,091$4,563$2,517$348
44 years$22,218$13,261$7,594$4,213$2,285$299
45 years$21,480$12,645$7,131$3,891$2,074$257
46 years$20,775$12,063$6,698$3,594$1,883$221
47 years$20,103$11,512$6,292$3,321$1,710$189
48 years$19,460$10,990$5,913$3,068$1,553$163
49 years$18,846$10,495$5,558$2,836$1,410$140
50 years$18,258$10,025$5,225$2,621$1,281$120

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,700,000, adding $2,189 every year, while hoping to spend $22,802 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: 34/40/26 Blend
69$18,700,000$18,700,000$18,700,000$18,700,000
70$20,609,658$19,618,558$19,328,708$21,147,648
71$22,687,582$20,555,606$19,951,959$22,488,535
72$24,976,690$21,537,805$20,595,324$23,931,275
73$27,498,499$22,567,344$21,259,453$25,486,649
74$30,276,719$23,646,517$21,945,018$27,164,683
75$33,337,478$24,777,731$22,652,711$28,976,362
76$36,709,570$25,963,509$23,383,246$30,933,727
77$40,424,724$27,206,498$24,137,362$33,049,973
78$44,517,902$28,509,473$24,915,820$35,339,571
79$49,027,634$29,875,344$25,719,406$37,818,389
80$53,996,381$31,307,163$26,548,934$40,503,834
81$59,470,928$32,808,131$27,405,240$43,415,005
82$65,502,838$34,381,604$28,289,191$46,572,863
83$72,148,928$36,031,103$29,201,679$50,000,411
84$79,471,809$37,760,318$30,143,626$53,722,908
85$87,540,482$39,573,122$31,115,985$57,768,085
86$96,430,978$41,473,572$32,119,738$62,166,398
87$106,227,089$43,465,928$33,155,900$66,951,301
88$117,021,148$45,554,654$34,225,519$72,159,545
89$128,914,906$47,744,433$35,329,674$77,831,508
90$142,020,491$50,040,175$36,469,484$84,011,565
91$156,461,469$52,447,032$37,646,099$90,748,483
92$172,374,005$54,970,403$38,860,710$98,095,866
93$189,908,155$57,615,953$40,114,544$106,112,644
94$209,229,275$60,389,624$41,408,870$114,863,607
95$230,519,590$63,297,644$42,744,997$124,419,997
96$253,979,909$66,346,549$44,124,274$134,860,157
97$279,831,521$69,543,191$45,548,099$146,270,250
98$308,318,285$72,894,757$47,017,909$158,745,048
99$339,708,934$76,408,784$48,535,193$172,388,803
100$374,299,608$80,093,177$50,101,485$187,316,201