Can I retire at age 70 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,367,397
2 years$707,237$694,065$681,300$668,923$656,917$644,694
3 years$466,808$453,579$440,846$428,585$416,775$404,838
4 years$346,617$333,429$320,823$308,772$297,248$285,688
5 years$274,521$261,412$248,972$237,166$225,963$214,814
6 years$226,473$213,463$201,206$189,664$178,797$168,074
7 years$192,166$179,266$167,203$155,933$145,410$135,117
8 years$166,448$153,664$141,802$130,808$120,631$110,768
9 years$146,455$133,792$122,134$111,420$101,589$92,153
10 years$130,471$117,931$106,479$96,045$86,559$77,544
11 years$117,401$104,987$93,742$83,588$74,444$65,843
12 years$106,517$94,231$83,194$73,318$64,511$56,317
13 years$97,315$85,157$74,328$64,729$56,255$48,458
14 years$89,434$77,405$66,784$57,459$49,313$41,903
15 years$82,611$70,711$60,297$51,243$43,419$36,385
16 years$76,646$64,876$54,668$45,883$38,374$31,705
17 years$71,388$59,749$49,746$41,225$34,025$27,710
18 years$66,719$55,210$45,412$37,152$30,253$24,280
19 years$62,547$51,168$41,572$33,570$26,965$21,321
20 years$58,797$47,548$38,153$30,404$24,086$18,759
21 years$55,409$44,289$35,093$27,594$21,554$16,532
22 years$52,332$41,342$32,344$25,089$19,320$14,590
23 years$49,527$38,667$29,864$22,849$17,343$12,893
24 years$46,960$36,228$27,619$20,840$15,588$11,405
25 years$44,602$33,998$25,581$19,032$14,027$10,099
26 years$42,429$31,953$23,725$17,402$12,635$8,950
27 years$40,420$30,071$22,031$15,928$11,392$7,937
28 years$38,558$28,336$20,480$14,594$10,279$7,044
29 years$36,827$26,732$19,059$13,383$9,282$6,255
30 years$35,215$25,246$17,752$12,282$8,386$5,557
31 years$33,710$23,865$16,550$11,280$7,582$4,939
32 years$32,302$22,581$15,442$10,367$6,859$4,392
33 years$30,982$21,385$14,418$9,533$6,207$3,907
34 years$29,742$20,268$13,471$8,771$5,620$3,476
35 years$28,576$19,224$12,595$8,074$5,090$3,094
36 years$27,476$18,246$11,782$7,436$4,612$2,755
37 years$26,439$17,330$11,028$6,852$4,180$2,453
38 years$25,459$16,470$10,327$6,315$3,789$2,185
39 years$24,531$15,661$9,675$5,823$3,436$1,946
40 years$23,652$14,900$9,069$5,371$3,117$1,734
41 years$22,818$14,184$8,503$4,955$2,828$1,545
42 years$22,025$13,508$7,977$4,573$2,566$1,377
43 years$21,272$12,870$7,485$4,222$2,329$1,227
44 years$20,555$12,268$7,026$3,898$2,114$1,094
45 years$19,872$11,699$6,597$3,600$1,919$975
46 years$19,220$11,160$6,196$3,325$1,742$869
47 years$18,598$10,650$5,821$3,072$1,582$775
48 years$18,003$10,167$5,470$2,839$1,437$691
49 years$17,435$9,709$5,142$2,624$1,305$616
50 years$16,891$9,274$4,834$2,425$1,185$549

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,300,000, adding $2,911 every year, while hoping to spend $52,546 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: 60/23/17 Blend
69$17,300,000$17,300,000$17,300,000$17,300,000
70$19,067,603$18,150,703$17,882,553$20,128,359
71$20,956,590$18,984,179$18,425,710$21,678,485
72$23,036,492$19,856,734$18,985,301$23,362,693
73$25,326,728$20,770,227$19,561,823$25,198,830
74$27,848,694$21,726,608$20,155,784$27,201,602
75$30,625,968$22,727,919$20,767,709$29,387,185
76$33,684,530$23,776,301$21,398,141$31,773,369
77$37,053,009$24,873,996$22,047,636$34,379,722
78$40,762,952$26,023,358$22,716,767$37,227,771
79$44,849,120$27,226,850$23,406,126$40,341,200
80$49,349,821$28,487,056$24,116,322$43,746,068
81$54,307,265$29,806,684$24,847,981$47,471,047
82$59,767,966$31,188,572$25,601,749$51,547,692
83$65,783,182$32,635,695$26,378,291$56,010,729
84$72,409,395$34,151,173$27,178,292$60,898,376
85$79,708,847$35,738,273$28,002,457$66,252,700
86$87,750,123$37,400,422$28,851,514$72,120,007
87$96,608,805$39,141,213$29,726,209$78,551,267
88$106,368,180$40,964,409$30,627,314$85,602,594
89$117,120,028$42,873,959$31,555,623$93,335,765
90$128,965,486$44,873,998$32,511,952$101,818,794
91$142,016,007$46,968,865$33,497,143$111,126,568
92$156,394,406$49,163,105$34,512,063$121,341,542
93$172,236,023$51,461,486$35,557,606$132,554,511
94$189,690,002$53,869,003$36,634,689$144,865,454
95$208,920,692$56,390,894$37,744,261$158,384,470
96$230,109,205$59,032,650$38,887,297$173,232,807
97$253,455,123$61,800,029$40,064,800$189,543,993
98$279,178,380$64,699,064$41,277,805$207,465,088
99$307,521,340$67,736,084$42,527,377$227,158,057
100$338,751,085$70,917,721$43,814,613$248,801,287