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

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,364,625
2 years$703,148$690,053$677,361$665,056$653,120$646,129
3 years$464,109$450,957$438,298$426,108$414,366$407,528
4 years$344,613$331,501$318,968$306,987$295,529$288,896
5 years$272,934$259,901$247,533$235,795$224,657$218,248
6 years$225,164$212,229$200,043$188,567$177,763$171,588
7 years$191,055$178,229$166,237$155,032$144,569$138,630
8 years$165,486$152,776$140,982$130,052$119,934$114,232
9 years$145,609$133,019$121,428$110,776$101,002$95,535
10 years$129,717$117,249$105,863$95,490$86,059$80,824
11 years$116,722$104,380$93,200$83,105$74,013$69,008
12 years$105,901$93,686$82,713$72,894$64,138$59,358
13 years$96,753$84,665$73,899$64,354$55,930$51,370
14 years$88,917$76,958$66,398$57,127$49,028$44,684
15 years$82,133$70,302$59,949$50,947$43,168$39,034
16 years$76,202$64,501$54,352$45,617$38,152$34,222
17 years$70,975$59,403$49,458$40,987$33,828$30,096
18 years$66,334$54,891$45,149$36,937$30,078$26,539
19 years$62,186$50,873$41,332$33,376$26,810$23,456
20 years$58,457$47,273$37,932$30,229$23,947$20,772
21 years$55,088$44,033$34,890$27,434$21,430$18,428
22 years$52,030$41,103$32,157$24,944$19,209$16,373
23 years$49,241$38,443$29,691$22,717$17,243$14,567
24 years$46,689$36,019$27,459$20,719$15,498$12,975
25 years$44,344$33,802$25,433$18,922$13,946$11,569
26 years$42,184$31,768$23,588$17,301$12,562$10,325
27 years$40,186$29,898$21,903$15,836$11,326$9,222
28 years$38,335$28,172$20,362$14,509$10,219$8,243
29 years$36,615$26,577$18,949$13,305$9,228$7,373
30 years$35,012$25,100$17,650$12,211$8,338$6,598
31 years$33,515$23,727$16,454$11,215$7,538$5,908
32 years$32,115$22,451$15,352$10,307$6,819$5,293
33 years$30,803$21,261$14,334$9,478$6,171$4,743
34 years$29,570$20,151$13,393$8,721$5,587$4,252
35 years$28,410$19,113$12,522$8,028$5,061$3,813
36 years$27,318$18,141$11,714$7,393$4,585$3,420
37 years$26,286$17,230$10,964$6,812$4,156$3,069
38 years$25,312$16,374$10,267$6,279$3,768$2,754
39 years$24,389$15,570$9,619$5,789$3,417$2,472
40 years$23,515$14,814$9,016$5,340$3,099$2,220
41 years$22,686$14,102$8,454$4,927$2,811$1,993
42 years$21,898$13,430$7,930$4,547$2,551$1,790
43 years$21,149$12,796$7,442$4,197$2,315$1,608
44 years$20,436$12,197$6,985$3,875$2,102$1,444
45 years$19,757$11,631$6,559$3,579$1,908$1,298
46 years$19,109$11,096$6,160$3,306$1,732$1,166
47 years$18,490$10,589$5,788$3,054$1,573$1,048
48 years$17,899$10,108$5,439$2,822$1,428$942
49 years$17,334$9,653$5,112$2,608$1,297$846
50 years$16,793$9,221$4,806$2,411$1,178$761

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 $4,168 every year, while hoping to spend $56,224 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: 48/37/15 Blend
69$17,200,000$17,200,000$17,200,000$17,200,000
70$18,958,699$18,047,099$17,780,499$19,789,126
71$20,832,665$18,871,585$18,316,324$21,188,077
72$22,895,890$19,734,587$18,868,215$22,700,090
73$25,167,621$20,637,931$19,436,650$24,340,622
74$27,669,063$21,583,535$20,022,123$26,121,709
75$30,423,585$22,573,405$20,625,141$28,056,571
76$33,456,934$23,609,645$21,246,226$30,159,725
77$36,797,484$24,694,461$21,885,918$32,447,119
78$40,476,501$25,830,163$22,544,770$34,936,274
79$44,528,436$27,019,173$23,223,351$37,646,442
80$48,991,253$28,264,030$23,922,251$40,598,781
81$53,906,787$29,567,393$24,642,072$43,816,546
82$59,321,136$30,932,051$25,383,438$47,325,300
83$65,285,097$32,360,928$26,146,988$51,153,148
84$71,854,649$33,857,085$26,933,384$55,330,990
85$79,091,475$35,423,734$27,743,304$59,892,806
86$87,063,548$37,064,239$28,577,448$64,875,966
87$95,845,772$38,782,129$29,436,534$70,321,572
88$105,520,687$40,581,100$30,321,305$76,274,834
89$116,179,251$42,465,028$31,232,523$82,785,489
90$127,921,696$44,437,976$32,170,973$89,908,254
91$140,858,473$46,504,201$33,137,465$97,703,331
92$155,111,298$48,668,167$34,132,830$106,236,964
93$170,814,296$50,934,553$35,157,926$115,582,051
94$188,115,272$53,308,263$36,213,634$125,818,813
95$207,177,102$55,794,440$37,300,863$137,035,544
96$228,179,272$58,398,473$38,420,548$149,329,420
97$251,319,571$61,126,012$39,573,650$162,807,407
98$276,815,961$63,982,980$40,761,160$177,587,250
99$304,908,628$66,975,586$41,984,099$193,798,568
100$335,862,257$70,110,339$43,243,515$211,584,056