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%11.5%
1 years$1,403,844$1,391,339$1,379,139$1,367,231$1,355,604$1,347,061
2 years$694,972$682,029$669,485$657,323$645,526$636,908
3 years$458,713$445,714$433,201$421,153$409,548$401,123
4 years$340,606$327,647$315,260$303,417$292,093$283,925
5 years$269,760$256,879$244,654$233,053$222,044$214,158
6 years$222,546$209,761$197,717$186,375$175,696$168,101
7 years$188,834$176,157$164,304$153,229$142,888$135,588
8 years$163,562$150,999$139,343$128,540$118,539$111,535
9 years$143,916$131,472$120,016$109,487$99,827$93,117
10 years$128,208$115,886$104,632$94,379$85,058$78,638
11 years$115,365$103,166$92,117$82,138$73,153$67,018
12 years$104,670$92,597$81,751$72,046$63,393$57,539
13 years$95,628$83,680$73,039$63,606$55,280$49,700
14 years$87,883$76,063$65,626$56,462$48,458$43,146
15 years$81,178$69,485$59,252$50,355$42,666$37,616
16 years$75,316$63,751$53,720$45,087$37,708$32,912
17 years$70,150$58,712$48,883$40,510$33,435$28,884
18 years$65,562$54,253$44,624$36,508$29,729$25,417
19 years$61,463$50,281$40,851$32,988$26,498$22,416
20 years$57,778$46,724$37,491$29,877$23,668$19,808
21 years$54,448$43,521$34,485$27,115$21,180$17,534
22 years$51,425$40,625$31,783$24,654$18,985$15,544
23 years$48,669$37,996$29,346$22,453$17,042$13,798
24 years$46,146$35,600$27,140$20,478$15,318$12,262
25 years$43,829$33,409$25,137$18,702$13,784$10,909
26 years$41,693$31,399$23,313$17,100$12,416$9,713
27 years$39,719$29,550$21,649$15,652$11,194$8,655
28 years$37,889$27,845$20,125$14,341$10,101$7,718
29 years$36,189$26,268$18,728$13,151$9,121$6,887
30 years$34,605$24,808$17,445$12,069$8,241$6,148
31 years$33,126$23,452$16,263$11,085$7,451$5,492
32 years$31,742$22,190$15,174$10,187$6,740$4,907
33 years$30,445$21,014$14,168$9,368$6,099$4,387
34 years$29,226$19,917$13,238$8,619$5,522$3,923
35 years$28,080$18,891$12,376$7,934$5,002$3,509
36 years$27,000$17,930$11,578$7,307$4,532$3,140
37 years$25,981$17,029$10,836$6,733$4,107$2,810
38 years$25,017$16,184$10,148$6,206$3,724$2,516
39 years$24,106$15,389$9,507$5,722$3,377$2,252
40 years$23,242$14,642$8,911$5,278$3,063$2,017
41 years$22,422$13,938$8,356$4,869$2,779$1,807
42 years$21,643$13,274$7,838$4,494$2,521$1,618
43 years$20,903$12,647$7,355$4,148$2,288$1,450
44 years$20,198$12,055$6,904$3,830$2,077$1,299
45 years$19,527$11,496$6,483$3,537$1,886$1,164
46 years$18,886$10,967$6,089$3,268$1,712$1,043
47 years$18,275$10,465$5,720$3,019$1,555$935
48 years$17,691$9,991$5,375$2,790$1,412$838
49 years$17,132$9,541$5,053$2,578$1,282$751
50 years$16,598$9,114$4,750$2,383$1,165$673

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 $3,869 every year, while hoping to spend $29,849 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: 45/31/24 Blend
69$17,000,000$17,000,000$17,000,000$17,000,000
70$18,737,991$17,836,991$17,573,491$19,451,234
71$20,617,507$18,679,244$18,130,444$20,797,796
72$22,687,733$19,561,768$18,705,054$22,254,004
73$24,968,090$20,486,503$19,297,882$23,832,665
74$27,479,980$21,455,486$19,909,505$25,545,195
75$30,246,984$22,470,851$20,540,520$27,404,131
76$33,295,090$23,534,836$21,191,541$29,423,242
77$36,652,934$24,649,788$21,863,203$31,617,648
78$40,352,074$25,818,168$22,556,160$34,003,962
79$44,427,283$27,042,556$23,271,089$36,600,433
80$48,916,881$28,325,657$24,008,686$39,427,118
81$53,863,096$29,670,306$24,769,670$42,506,059
82$59,312,460$31,079,480$25,554,782$45,861,481
83$65,316,252$32,556,296$26,364,789$49,520,019
84$71,930,980$34,104,024$27,200,479$53,510,953
85$79,218,913$35,726,094$28,062,668$57,866,481
86$87,248,670$37,426,101$28,952,196$62,622,008
87$96,095,870$39,207,816$29,869,930$67,816,475
88$105,843,841$41,075,191$30,816,765$73,492,712
89$116,584,410$43,032,373$31,793,623$79,697,833
90$128,418,769$45,083,708$32,801,459$86,483,670
91$141,458,429$47,233,755$33,841,253$93,907,246
92$155,826,274$49,487,294$34,914,020$102,031,307
93$171,657,720$51,849,338$36,020,807$110,924,894
94$189,101,995$54,325,143$37,162,691$120,663,987
95$208,323,544$56,920,221$38,340,787$131,332,202
96$229,503,585$59,640,351$39,556,243$143,021,571
97$252,841,818$62,491,596$40,810,244$155,833,390
98$278,558,311$65,480,311$42,104,014$169,879,160
99$306,895,574$68,613,162$43,438,814$185,281,625
100$338,120,854$71,897,138$44,815,946$202,175,906