Can I retire at age 70 with 17,100,000?

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 $17,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,334,955
2 years$699,060$686,041$673,423$661,189$649,323$620,621
3 years$461,411$448,335$435,749$423,630$411,957$384,071
4 years$342,609$329,574$317,114$305,202$293,811$266,956
5 years$271,347$258,390$246,093$234,424$223,351$197,603
6 years$223,855$210,995$198,880$187,471$176,730$152,117
7 years$189,945$177,193$165,270$154,130$143,729$120,255
8 years$164,524$151,887$140,162$129,296$119,237$96,895
9 years$144,762$132,245$120,722$110,132$100,415$79,190
10 years$128,962$116,568$105,248$94,934$85,558$65,429
11 years$116,044$103,773$92,659$82,621$73,583$54,524
12 years$105,286$93,141$82,232$72,470$63,765$45,747
13 years$96,190$84,173$73,469$63,980$55,605$38,597
14 years$88,400$76,511$66,012$56,794$48,743$32,711
15 years$81,655$69,894$59,600$50,651$42,917$27,828
16 years$75,759$64,126$54,036$45,352$37,930$23,747
17 years$70,563$59,058$49,171$40,749$33,631$20,317
18 years$65,948$54,572$44,887$36,723$29,904$17,422
19 years$61,824$50,577$41,092$33,182$26,654$14,966
20 years$58,117$46,998$37,712$30,053$23,808$12,877
21 years$54,768$43,777$34,688$27,275$21,305$11,095
22 years$51,727$40,864$31,970$24,799$19,097$9,570
23 years$48,955$38,220$29,519$22,585$17,143$8,263
24 years$46,417$35,809$27,300$20,599$15,408$7,141
25 years$44,086$33,605$25,285$18,812$13,865$6,175
26 years$41,938$31,584$23,451$17,201$12,489$5,344
27 years$39,953$29,724$21,776$15,744$11,260$4,627
28 years$38,112$28,009$20,244$14,425$10,160$4,008
29 years$36,402$26,423$18,838$13,228$9,174$3,473
30 years$34,808$24,954$17,547$12,140$8,290$3,010
31 years$33,320$23,589$16,359$11,150$7,495$2,610
32 years$31,928$22,320$15,263$10,247$6,779$2,264
33 years$30,624$21,138$14,251$9,423$6,135$1,964
34 years$29,398$20,034$13,315$8,670$5,555$1,704
35 years$28,245$19,002$12,449$7,981$5,031$1,479
36 years$27,159$18,035$11,646$7,350$4,559$1,284
37 years$26,133$17,130$10,900$6,772$4,132$1,114
38 years$25,164$16,279$10,208$6,242$3,746$968
39 years$24,247$15,480$9,563$5,756$3,397$840
40 years$23,378$14,728$8,964$5,309$3,081$729
41 years$22,554$14,020$8,405$4,898$2,795$633
42 years$21,771$13,352$7,884$4,520$2,536$550
43 years$21,026$12,722$7,398$4,173$2,302$478
44 years$20,317$12,126$6,945$3,853$2,089$415
45 years$19,642$11,564$6,521$3,558$1,897$360
46 years$18,998$11,031$6,125$3,287$1,722$313
47 years$18,383$10,527$5,754$3,037$1,564$272
48 years$17,795$10,049$5,407$2,806$1,420$236
49 years$17,233$9,597$5,082$2,593$1,290$205
50 years$16,696$9,167$4,778$2,397$1,172$178

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,100,000, adding $2,221 every year, while hoping to spend $48,498 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: 68/27/5 Blend
69$17,100,000$17,100,000$17,100,000$17,100,000
70$18,846,491$17,940,191$17,675,141$20,117,177
71$20,717,232$18,767,659$18,215,657$21,785,871
72$22,777,162$19,634,047$18,772,654$23,603,808
73$25,045,529$20,541,212$19,346,635$25,590,369
74$27,543,540$21,491,098$19,938,114$27,762,025
75$30,294,564$22,485,745$20,547,624$30,136,893
76$33,324,353$23,527,289$21,175,712$32,734,904
77$36,661,281$24,617,971$21,822,943$35,577,984
78$40,336,619$25,760,139$22,489,898$38,690,261
79$44,384,821$26,956,253$23,177,177$42,098,283
80$48,843,857$28,208,893$23,885,397$45,831,264
81$53,755,566$29,520,765$24,615,193$49,921,357
82$59,166,053$30,894,701$25,367,221$54,403,947
83$65,126,123$32,333,674$26,142,155$59,317,982
84$71,691,761$33,840,798$26,940,692$64,706,335
85$78,924,663$35,419,339$27,763,547$70,616,198
86$86,892,810$37,072,719$28,611,458$77,099,523
87$95,671,121$38,804,526$29,485,186$84,213,506
88$105,342,150$40,618,522$30,385,514$92,021,116
89$115,996,869$42,518,650$31,313,249$100,591,682
90$127,735,530$44,509,044$32,269,222$110,001,543
91$140,668,604$46,594,036$33,254,291$120,334,754
92$154,917,828$48,778,171$34,269,337$131,683,873
93$170,617,356$51,066,211$35,315,269$144,150,824
94$187,915,020$53,463,149$36,393,024$157,847,850
95$206,973,729$55,974,220$37,503,567$172,898,562
96$227,973,004$58,604,911$38,647,891$189,439,090
97$251,110,676$61,360,977$39,827,021$207,619,366
98$276,604,749$64,248,450$41,042,011$227,604,515
99$304,695,463$67,273,654$42,293,948$249,576,411
100$335,647,557$70,443,219$43,583,951$273,735,375