Can I retire at age 70 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,332,992
2 years$703,148$690,053$677,361$665,056$653,120$614,565
3 years$464,109$450,957$438,298$426,108$414,366$377,024
4 years$344,613$331,501$318,968$306,987$295,529$259,687
5 years$272,934$259,901$247,533$235,795$224,657$190,412
6 years$225,164$212,229$200,043$188,567$177,763$145,148
7 years$191,055$178,229$166,237$155,032$144,569$113,584
8 years$165,486$152,776$140,982$130,052$119,934$90,563
9 years$145,609$133,019$121,428$110,776$101,002$73,215
10 years$129,717$117,249$105,863$95,490$86,059$59,820
11 years$116,722$104,380$93,200$83,105$74,013$49,280
12 years$105,901$93,686$82,713$72,894$64,138$40,863
13 years$96,753$84,665$73,899$64,354$55,930$34,063
14 years$88,917$76,958$66,398$57,127$49,028$28,515
15 years$82,133$70,302$59,949$50,947$43,168$23,954
16 years$76,202$64,501$54,352$45,617$38,152$20,181
17 years$70,975$59,403$49,458$40,987$33,828$17,043
18 years$66,334$54,891$45,149$36,937$30,078$14,421
19 years$62,186$50,873$41,332$33,376$26,810$12,223
20 years$58,457$47,273$37,932$30,229$23,947$10,375
21 years$55,088$44,033$34,890$27,434$21,430$8,816
22 years$52,030$41,103$32,157$24,944$19,209$7,499
23 years$49,241$38,443$29,691$22,717$17,243$6,384
24 years$46,689$36,019$27,459$20,719$15,498$5,439
25 years$44,344$33,802$25,433$18,922$13,946$4,637
26 years$42,184$31,768$23,588$17,301$12,562$3,955
27 years$40,186$29,898$21,903$15,836$11,326$3,374
28 years$38,335$28,172$20,362$14,509$10,219$2,880
29 years$36,615$26,577$18,949$13,305$9,228$2,459
30 years$35,012$25,100$17,650$12,211$8,338$2,100
31 years$33,515$23,727$16,454$11,215$7,538$1,794
32 years$32,115$22,451$15,352$10,307$6,819$1,533
33 years$30,803$21,261$14,334$9,478$6,171$1,310
34 years$29,570$20,151$13,393$8,721$5,587$1,120
35 years$28,410$19,113$12,522$8,028$5,061$957
36 years$27,318$18,141$11,714$7,393$4,585$818
37 years$26,286$17,230$10,964$6,812$4,156$700
38 years$25,312$16,374$10,267$6,279$3,768$598
39 years$24,389$15,570$9,619$5,789$3,417$512
40 years$23,515$14,814$9,016$5,340$3,099$437
41 years$22,686$14,102$8,454$4,927$2,811$374
42 years$21,898$13,430$7,930$4,547$2,551$320
43 years$21,149$12,796$7,442$4,197$2,315$274
44 years$20,436$12,197$6,985$3,875$2,102$234
45 years$19,757$11,631$6,559$3,579$1,908$200
46 years$19,109$11,096$6,160$3,306$1,732$171
47 years$18,490$10,589$5,788$3,054$1,573$146
48 years$17,899$10,108$5,439$2,822$1,428$125
49 years$17,334$9,653$5,112$2,608$1,297$107
50 years$16,793$9,221$4,806$2,411$1,178$92

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,200,000, adding $6,423 every year, while hoping to spend $32,901 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: 41/46/13 Blend
69$17,200,000$17,200,000$17,200,000$17,200,000
70$18,961,025$18,049,425$17,782,825$19,665,296
71$20,860,043$18,898,841$18,343,544$21,011,384
72$22,951,659$19,788,775$18,921,943$22,463,633
73$25,255,481$20,721,178$19,518,582$24,034,707
74$27,793,121$21,698,096$20,134,034$25,735,435
75$30,588,389$22,721,673$20,768,894$27,577,690
76$33,667,526$23,794,156$21,423,774$29,574,494
77$37,059,448$24,917,904$22,099,304$31,740,135
78$40,796,017$26,095,387$22,796,137$34,090,288
79$44,912,347$27,329,197$23,514,943$36,642,160
80$49,447,129$28,622,050$24,256,416$39,414,636
81$54,443,000$29,976,795$25,021,271$42,428,452
82$59,946,947$31,396,419$25,810,244$45,706,377
83$66,010,746$32,884,053$26,624,097$49,273,417
84$72,691,452$34,442,982$27,463,615$53,157,042
85$80,051,940$36,076,648$28,329,606$57,387,431
86$88,161,496$37,788,661$29,222,905$61,997,741
87$97,096,470$39,582,807$30,144,374$67,024,413
88$106,941,000$41,463,055$31,094,901$72,507,496
89$117,787,805$43,433,567$32,075,402$78,491,014
90$129,739,056$45,498,707$33,086,824$85,023,363
91$142,907,347$47,663,051$34,130,139$92,157,754
92$157,416,753$49,931,398$35,206,356$99,952,698
93$173,404,004$52,308,778$36,316,511$108,472,539
94$191,019,772$54,800,468$37,461,674$117,788,044
95$210,430,099$57,412,001$38,642,950$127,977,052
96$231,817,958$60,149,178$39,861,478$139,125,186
97$255,384,984$63,018,082$41,118,432$151,326,643
98$281,353,377$66,025,092$42,415,024$164,685,059
99$309,967,998$69,176,899$43,752,504$179,314,462
100$341,498,683$72,480,516$45,132,162$195,340,328