Can I retire at age 70 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,461,711
2 years$768,558$754,244$740,372$726,922$713,875$676,405
3 years$507,282$492,907$479,070$465,746$452,912$416,570
4 years$376,670$362,339$348,640$335,544$323,021$288,087
5 years$298,323$284,078$270,559$257,730$245,555$212,127
6 years$246,109$231,971$218,652$206,108$194,299$162,409
7 years$208,828$194,809$181,701$169,453$158,017$127,669
8 years$180,880$166,987$154,097$142,150$131,091$102,271
9 years$159,154$145,392$132,723$121,080$110,397$83,082
10 years$141,783$128,156$115,711$104,372$94,064$68,221
11 years$127,580$114,090$101,870$90,835$80,898$56,490
12 years$115,753$102,401$90,407$79,675$70,105$47,089
13 years$105,753$92,541$80,773$70,341$61,133$39,464
14 years$97,189$84,117$72,575$62,441$53,589$33,219
15 years$89,773$76,842$65,525$55,686$47,184$28,063
16 years$83,291$70,501$59,408$49,861$41,701$23,778
17 years$77,577$64,929$54,059$44,800$36,975$20,198
18 years$72,504$59,997$49,349$40,373$32,876$17,192
19 years$67,971$55,605$45,177$36,481$29,303$14,659
20 years$63,895$51,671$41,461$33,040$26,174$12,518
21 years$60,213$48,129$38,136$29,986$23,423$10,704
22 years$56,870$44,927$35,148$27,264$20,996$9,161
23 years$53,822$42,019$32,453$24,830$18,847$7,849
24 years$51,032$39,369$30,014$22,647$16,940$6,729
25 years$48,469$36,946$27,799$20,682$15,243$5,773
26 years$46,108$34,723$25,782$18,911$13,731$4,956
27 years$43,925$32,679$23,941$17,309$12,379$4,256
28 years$41,901$30,793$22,256$15,859$11,170$3,657
29 years$40,021$29,050$20,711$14,543$10,086$3,143
30 years$38,269$27,434$19,292$13,347$9,114$2,702
31 years$36,633$25,935$17,985$12,258$8,240$2,324
32 years$35,103$24,539$16,780$11,266$7,453$1,999
33 years$33,668$23,239$15,668$10,360$6,745$1,719
34 years$32,321$22,026$14,639$9,532$6,107$1,479
35 years$31,053$20,891$13,687$8,775$5,531$1,273
36 years$29,859$19,828$12,804$8,081$5,012$1,096
37 years$28,732$18,833$11,984$7,446$4,542$943
38 years$27,666$17,898$11,222$6,863$4,118$812
39 years$26,658$17,019$10,514$6,328$3,734$699
40 years$25,703$16,192$9,855$5,837$3,387$602
41 years$24,796$15,413$9,241$5,385$3,073$518
42 years$23,935$14,679$8,668$4,970$2,788$446
43 years$23,116$13,986$8,134$4,588$2,531$384
44 years$22,337$13,332$7,635$4,236$2,297$331
45 years$21,594$12,713$7,169$3,912$2,085$285
46 years$20,886$12,128$6,733$3,614$1,893$245
47 years$20,210$11,574$6,326$3,338$1,719$211
48 years$19,564$11,049$5,945$3,085$1,561$182
49 years$18,946$10,551$5,588$2,851$1,418$157
50 years$18,355$10,079$5,253$2,635$1,288$135

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $18,800,000, adding $3,460 every year, while hoping to spend $34,981 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: 64/26/10 Blend
69$18,800,000$18,800,000$18,800,000$18,800,000
70$20,721,169$19,724,769$19,433,369$22,002,108
71$22,797,509$20,654,063$20,047,167$23,786,719
72$25,084,463$21,627,720$20,680,356$25,730,753
73$27,603,477$22,647,877$21,333,546$27,853,206
74$30,378,182$23,716,775$22,007,371$30,171,423
75$33,434,622$24,836,761$22,702,483$32,704,478
76$36,801,490$26,010,300$23,419,553$35,473,352
77$40,510,411$27,239,973$24,159,276$38,501,122
78$44,596,228$28,528,487$24,922,368$41,813,177
79$49,097,343$29,878,682$25,709,567$45,437,451
80$54,056,069$31,293,535$26,521,634$49,404,677
81$59,519,035$32,776,165$27,359,356$53,748,675
82$65,537,624$34,329,845$28,223,542$58,506,661
83$72,168,461$35,958,006$29,115,030$63,719,591
84$79,473,942$37,664,247$30,034,681$69,432,545
85$87,522,828$39,452,338$30,983,387$75,695,139
86$96,390,890$41,326,236$31,962,064$82,561,986
87$106,161,627$43,290,088$32,971,659$90,093,206
88$116,927,054$45,348,244$34,013,151$98,354,983
89$128,788,568$47,505,262$35,087,546$107,420,177
90$141,857,907$49,765,926$36,195,884$117,369,008
91$156,258,206$52,135,248$37,339,239$128,289,797
92$172,125,155$54,618,487$38,518,715$140,279,794
93$189,608,284$57,221,157$39,735,456$153,446,080
94$208,872,373$59,949,037$40,990,637$167,906,571
95$230,099,007$62,808,191$42,285,475$183,791,113
96$253,488,289$65,804,976$43,621,221$201,242,699
97$279,260,731$68,946,057$44,999,170$220,418,804
98$307,659,338$72,238,426$46,420,654$241,492,857
99$338,951,893$75,689,411$47,887,049$264,655,865
100$373,433,495$79,306,702$49,399,774$290,118,196