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

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,369,111
2 years$707,237$694,065$681,300$668,923$656,917$646,417
3 years$466,808$453,579$440,846$428,585$416,775$406,515
4 years$346,617$333,429$320,823$308,772$297,248$287,306
5 years$274,521$261,412$248,972$237,166$225,963$216,370
6 years$226,473$213,463$201,206$189,664$178,797$169,564
7 years$192,166$179,266$167,203$155,933$145,410$136,541
8 years$166,448$153,664$141,802$130,808$120,631$112,128
9 years$146,455$133,792$122,134$111,420$101,589$93,448
10 years$130,471$117,931$106,479$96,045$86,559$78,775
11 years$117,401$104,987$93,742$83,588$74,444$67,012
12 years$106,517$94,231$83,194$73,318$64,511$57,425
13 years$97,315$85,157$74,328$64,729$56,255$49,507
14 years$89,434$77,405$66,784$57,459$49,313$42,894
15 years$82,611$70,711$60,297$51,243$43,419$37,321
16 years$76,646$64,876$54,668$45,883$38,374$32,588
17 years$71,388$59,749$49,746$41,225$34,025$28,540
18 years$66,719$55,210$45,412$37,152$30,253$25,061
19 years$62,547$51,168$41,572$33,570$26,965$22,055
20 years$58,797$47,548$38,153$30,404$24,086$19,447
21 years$55,409$44,289$35,093$27,594$21,554$17,176
22 years$52,332$41,342$32,344$25,089$19,320$15,193
23 years$49,527$38,667$29,864$22,849$17,343$13,456
24 years$46,960$36,228$27,619$20,840$15,588$11,931
25 years$44,602$33,998$25,581$19,032$14,027$10,589
26 years$42,429$31,953$23,725$17,402$12,635$9,406
27 years$40,420$30,071$22,031$15,928$11,392$8,362
28 years$38,558$28,336$20,480$14,594$10,279$7,439
29 years$36,827$26,732$19,059$13,383$9,282$6,621
30 years$35,215$25,246$17,752$12,282$8,386$5,897
31 years$33,710$23,865$16,550$11,280$7,582$5,254
32 years$32,302$22,581$15,442$10,367$6,859$4,684
33 years$30,982$21,385$14,418$9,533$6,207$4,177
34 years$29,742$20,268$13,471$8,771$5,620$3,726
35 years$28,576$19,224$12,595$8,074$5,090$3,324
36 years$27,476$18,246$11,782$7,436$4,612$2,967
37 years$26,439$17,330$11,028$6,852$4,180$2,649
38 years$25,459$16,470$10,327$6,315$3,789$2,365
39 years$24,531$15,661$9,675$5,823$3,436$2,112
40 years$23,652$14,900$9,069$5,371$3,117$1,887
41 years$22,818$14,184$8,503$4,955$2,828$1,685
42 years$22,025$13,508$7,977$4,573$2,566$1,506
43 years$21,272$12,870$7,485$4,222$2,329$1,346
44 years$20,555$12,268$7,026$3,898$2,114$1,203
45 years$19,872$11,699$6,597$3,600$1,919$1,075
46 years$19,220$11,160$6,196$3,325$1,742$961
47 years$18,598$10,650$5,821$3,072$1,582$859
48 years$18,003$10,167$5,470$2,839$1,437$768
49 years$17,435$9,709$5,142$2,624$1,305$686
50 years$16,891$9,274$4,834$2,425$1,185$614

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 $4,057 every year, while hoping to spend $23,720 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: 55/31/14 Blend
69$17,300,000$17,300,000$17,300,000$17,300,000
70$19,068,785$18,151,885$17,883,735$20,047,682
71$20,988,563$19,016,089$18,457,602$21,577,558
72$23,103,363$19,921,845$19,049,899$23,239,641
73$25,433,054$20,871,162$19,661,217$25,048,889
74$27,999,526$21,866,150$20,292,169$27,019,345
75$30,826,907$22,909,020$20,943,386$29,166,442
76$33,941,780$24,002,091$21,615,518$31,507,141
77$37,373,442$25,147,794$22,309,238$34,060,088
78$41,154,176$26,348,679$23,025,240$36,845,777
79$45,319,557$27,607,419$23,764,241$39,886,745
80$49,908,787$28,926,819$24,526,979$43,207,772
81$54,965,069$30,309,818$25,314,218$46,836,107
82$60,536,007$31,759,500$26,126,746$50,801,722
83$66,674,063$33,279,098$26,965,374$55,137,582
84$73,437,047$34,872,004$27,830,944$59,879,950
85$80,888,665$36,541,772$28,724,320$65,068,721
86$89,099,121$38,292,131$29,646,397$70,747,786
87$98,145,778$40,126,992$30,598,098$76,965,441
88$108,113,888$42,050,455$31,580,375$83,774,829
89$119,097,399$44,066,821$32,594,212$91,234,431
90$131,199,838$46,180,600$33,640,622$99,408,609
91$144,535,293$48,396,521$34,720,655$108,368,203
92$159,229,486$50,719,543$35,835,390$118,191,180
93$175,420,962$53,154,869$36,985,943$128,963,367
94$193,262,395$55,707,953$38,173,468$140,779,239
95$212,922,032$58,384,516$39,399,152$153,742,805
96$234,585,279$61,190,557$40,664,223$167,968,565
97$258,456,451$64,132,368$41,969,948$183,582,586
98$284,760,702$67,216,546$43,317,634$200,723,669
99$313,746,150$70,450,013$44,708,631$219,544,643
100$345,686,218$73,840,026$46,144,332$240,213,792