Can I retire at age 70 with 17,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $17,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,311,685
2 years$694,972$682,029$669,485$657,323$645,526$601,690
3 years$458,713$445,714$433,201$421,153$409,548$367,172
4 years$340,606$327,647$315,260$303,417$292,093$251,501
5 years$269,760$256,879$244,654$233,053$222,044$183,345
6 years$222,546$209,761$197,717$186,375$175,696$138,921
7 years$188,834$176,157$164,304$153,229$142,888$108,033
8 years$163,562$150,999$139,343$128,540$118,539$85,580
9 years$143,916$131,472$120,016$109,487$99,827$68,726
10 years$128,208$115,886$104,632$94,379$85,058$55,766
11 years$115,365$103,166$92,117$82,138$73,153$45,616
12 years$104,670$92,597$81,751$72,046$63,393$37,551
13 years$95,628$83,680$73,039$63,606$55,280$31,069
14 years$87,883$76,063$65,626$56,462$48,458$25,811
15 years$81,178$69,485$59,252$50,355$42,666$21,515
16 years$75,316$63,751$53,720$45,087$37,708$17,983
17 years$70,150$58,712$48,883$40,510$33,435$15,065
18 years$65,562$54,253$44,624$36,508$29,729$12,644
19 years$61,463$50,281$40,851$32,988$26,498$10,628
20 years$57,778$46,724$37,491$29,877$23,668$8,946
21 years$54,448$43,521$34,485$27,115$21,180$7,538
22 years$51,425$40,625$31,783$24,654$18,985$6,357
23 years$48,669$37,996$29,346$22,453$17,042$5,365
24 years$46,146$35,600$27,140$20,478$15,318$4,531
25 years$43,829$33,409$25,137$18,702$13,784$3,829
26 years$41,693$31,399$23,313$17,100$12,416$3,237
27 years$39,719$29,550$21,649$15,652$11,194$2,737
28 years$37,889$27,845$20,125$14,341$10,101$2,315
29 years$36,189$26,268$18,728$13,151$9,121$1,959
30 years$34,605$24,808$17,445$12,069$8,241$1,658
31 years$33,126$23,452$16,263$11,085$7,451$1,404
32 years$31,742$22,190$15,174$10,187$6,740$1,189
33 years$30,445$21,014$14,168$9,368$6,099$1,007
34 years$29,226$19,917$13,238$8,619$5,522$852
35 years$28,080$18,891$12,376$7,934$5,002$722
36 years$27,000$17,930$11,578$7,307$4,532$612
37 years$25,981$17,029$10,836$6,733$4,107$518
38 years$25,017$16,184$10,148$6,206$3,724$439
39 years$24,106$15,389$9,507$5,722$3,377$372
40 years$23,242$14,642$8,911$5,278$3,063$315
41 years$22,422$13,938$8,356$4,869$2,779$267
42 years$21,643$13,274$7,838$4,494$2,521$226
43 years$20,903$12,647$7,355$4,148$2,288$192
44 years$20,198$12,055$6,904$3,830$2,077$162
45 years$19,527$11,496$6,483$3,537$1,886$138
46 years$18,886$10,967$6,089$3,268$1,712$117
47 years$18,275$10,465$5,720$3,019$1,555$99
48 years$17,691$9,991$5,375$2,790$1,412$84
49 years$17,132$9,541$5,053$2,578$1,282$71
50 years$16,598$9,114$4,750$2,383$1,165$60

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,000,000, adding $4,188 every year, while hoping to spend $31,900 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: 45/40/15 Blend
69$17,000,000$17,000,000$17,000,000$17,000,000
70$18,738,320$17,837,320$17,573,820$19,500,949
71$20,615,687$18,677,407$18,128,602$20,873,140
72$22,683,477$19,557,590$18,700,899$22,356,677
73$24,961,078$20,479,798$19,291,266$23,964,697
74$27,469,857$21,446,057$19,900,272$25,708,735
75$30,233,358$22,458,490$20,528,507$27,601,446
76$33,277,526$23,519,321$21,176,578$29,656,727
77$36,630,951$24,630,885$21,845,110$31,889,829
78$40,325,137$25,795,627$22,534,750$34,317,504
79$44,394,801$27,016,114$23,246,165$36,958,148
80$48,878,201$28,295,034$23,980,042$39,831,966
81$53,817,495$29,635,207$24,737,090$42,961,160
82$59,259,138$31,039,591$25,518,042$46,370,121
83$65,254,326$32,511,287$26,323,651$50,085,653
84$71,859,471$34,053,544$27,154,698$54,137,218
85$79,136,741$35,669,771$28,011,984$58,557,199
86$87,154,642$37,363,544$28,896,339$63,381,197
87$95,988,667$39,138,608$29,808,617$68,648,352
88$105,722,006$40,998,895$30,749,701$74,401,707
89$116,446,334$42,948,524$31,720,499$80,688,591
90$128,262,675$44,991,817$32,721,951$87,561,062
91$141,282,355$47,133,304$33,755,024$95,076,378
92$155,628,055$49,377,736$34,820,717$103,297,523
93$171,434,966$51,730,094$35,920,060$112,293,790
94$188,852,066$54,195,602$37,054,116$122,141,414
95$208,043,529$56,779,738$38,223,981$132,924,276
96$229,190,270$59,488,247$39,430,786$144,734,678
97$252,491,657$62,327,151$40,675,697$157,674,197
98$278,167,392$65,302,766$41,959,918$171,854,617
99$306,459,581$68,421,717$43,284,690$187,398,972
100$337,635,025$71,690,948$44,651,294$204,442,682