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

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 $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%12.3%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,342,565
2 years$694,972$682,029$669,485$657,323$645,526$632,390
3 years$458,713$445,714$433,201$421,153$409,548$396,724
4 years$340,606$327,647$315,260$303,417$292,093$279,679
5 years$269,760$256,879$244,654$233,053$222,044$210,077
6 years$222,546$209,761$197,717$186,375$175,696$164,190
7 years$188,834$176,157$164,304$153,229$142,888$131,848
8 years$163,562$150,999$139,343$128,540$118,539$107,966
9 years$143,916$131,472$120,016$109,487$99,827$89,716
10 years$128,208$115,886$104,632$94,379$85,058$75,403
11 years$115,365$103,166$92,117$82,138$73,153$63,946
12 years$104,670$92,597$81,751$72,046$63,393$54,625
13 years$95,628$83,680$73,039$63,606$55,280$46,941
14 years$87,883$76,063$65,626$56,462$48,458$40,538
15 years$81,178$69,485$59,252$50,355$42,666$35,153
16 years$75,316$63,751$53,720$45,087$37,708$30,589
17 years$70,150$58,712$48,883$40,510$33,435$26,697
18 years$65,562$54,253$44,624$36,508$29,729$23,360
19 years$61,463$50,281$40,851$32,988$26,498$20,484
20 years$57,778$46,724$37,491$29,877$23,668$17,996
21 years$54,448$43,521$34,485$27,115$21,180$15,836
22 years$51,425$40,625$31,783$24,654$18,985$13,955
23 years$48,669$37,996$29,346$22,453$17,042$12,312
24 years$46,146$35,600$27,140$20,478$15,318$10,875
25 years$43,829$33,409$25,137$18,702$13,784$9,614
26 years$41,693$31,399$23,313$17,100$12,416$8,507
27 years$39,719$29,550$21,649$15,652$11,194$7,533
28 years$37,889$27,845$20,125$14,341$10,101$6,674
29 years$36,189$26,268$18,728$13,151$9,121$5,917
30 years$34,605$24,808$17,445$12,069$8,241$5,249
31 years$33,126$23,452$16,263$11,085$7,451$4,657
32 years$31,742$22,190$15,174$10,187$6,740$4,135
33 years$30,445$21,014$14,168$9,368$6,099$3,672
34 years$29,226$19,917$13,238$8,619$5,522$3,262
35 years$28,080$18,891$12,376$7,934$5,002$2,898
36 years$27,000$17,930$11,578$7,307$4,532$2,576
37 years$25,981$17,029$10,836$6,733$4,107$2,290
38 years$25,017$16,184$10,148$6,206$3,724$2,036
39 years$24,106$15,389$9,507$5,722$3,377$1,810
40 years$23,242$14,642$8,911$5,278$3,063$1,610
41 years$22,422$13,938$8,356$4,869$2,779$1,432
42 years$21,643$13,274$7,838$4,494$2,521$1,274
43 years$20,903$12,647$7,355$4,148$2,288$1,134
44 years$20,198$12,055$6,904$3,830$2,077$1,009
45 years$19,527$11,496$6,483$3,537$1,886$898
46 years$18,886$10,967$6,089$3,268$1,712$799
47 years$18,275$10,465$5,720$3,019$1,555$711
48 years$17,691$9,991$5,375$2,790$1,412$633
49 years$17,132$9,541$5,053$2,578$1,282$563
50 years$16,598$9,114$4,750$2,383$1,165$501

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 $4,981 every year, while hoping to spend $38,397 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: 53/31/16 Blend
69$17,000,000$17,000,000$17,000,000$17,000,000
70$18,739,138$17,838,138$17,574,638$19,651,324
71$20,609,676$18,671,353$18,122,534$21,108,815
72$22,669,722$19,544,108$18,687,498$22,689,335
73$24,938,565$20,458,301$19,270,061$24,408,193
74$27,437,461$21,415,920$19,870,770$26,278,542
75$30,189,832$22,419,050$20,490,191$28,314,833
76$33,221,488$23,469,876$21,128,905$30,532,946
77$36,560,870$24,570,690$21,787,514$32,950,339
78$40,239,318$25,723,894$22,466,636$35,586,200
79$44,291,370$26,932,006$23,166,909$38,461,623
80$48,755,082$28,197,666$23,888,992$41,599,806
81$53,672,391$29,523,643$24,633,564$45,026,253
82$59,089,510$30,912,837$25,401,325$48,769,015
83$65,057,366$32,368,292$26,192,995$52,858,946
84$71,632,076$33,893,197$27,009,319$57,329,982
85$78,875,480$35,490,896$27,851,063$62,219,455
86$86,855,725$37,164,896$28,719,020$67,568,438
87$95,647,906$38,918,872$29,614,004$73,422,122
88$105,334,776$40,756,680$30,536,856$79,830,233
89$116,007,525$42,682,360$31,488,443$86,847,488
90$127,766,647$44,700,149$32,469,660$94,534,107
91$140,722,878$46,814,490$33,481,427$102,956,365
92$154,998,253$49,030,041$34,524,696$112,187,209
93$170,727,247$51,351,686$35,600,446$122,306,931
94$188,058,053$53,784,545$36,709,687$133,403,917
95$207,153,975$56,333,988$37,853,462$145,575,465
96$228,194,971$59,005,645$39,032,844$158,928,690
97$251,379,355$61,805,418$40,248,941$173,581,522
98$276,925,664$64,739,498$41,502,895$189,663,802
99$305,074,723$67,814,375$42,795,884$207,318,491
100$336,091,920$71,036,854$44,129,121$226,703,005