Can I retire at age 70 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,360,042
2 years$711,325$698,077$685,238$672,789$660,714$633,167
3 years$469,506$456,201$443,394$431,063$419,184$392,406
4 years$348,620$335,356$322,677$310,556$298,966$273,163
5 years$276,108$262,923$250,411$238,537$227,269$202,516
6 years$227,782$214,697$202,369$190,760$179,830$156,153
7 years$193,277$180,302$168,170$156,834$146,250$123,655
8 years$167,410$154,552$142,621$131,564$121,329$99,809
9 years$147,302$134,565$122,840$112,064$102,176$81,718
10 years$131,225$118,613$107,094$96,600$87,059$67,642
11 years$118,079$105,594$94,284$84,071$74,874$56,475
12 years$107,133$94,775$83,675$73,741$64,884$47,477
13 years$97,878$85,649$74,758$65,103$56,580$40,136
14 years$89,951$77,853$67,170$57,791$49,598$34,085
15 years$83,088$71,120$60,646$51,539$43,670$29,057
16 years$77,089$65,251$54,984$46,148$38,596$24,848
17 years$71,800$60,094$50,034$41,463$34,221$21,306
18 years$67,105$55,529$45,674$37,367$30,428$18,309
19 years$62,909$51,464$41,813$33,764$27,121$15,764
20 years$59,137$47,823$38,373$30,580$24,225$13,594
21 years$55,729$44,545$35,296$27,753$21,679$11,740
22 years$52,635$41,581$32,531$25,234$19,432$10,150
23 years$49,814$38,890$30,036$22,981$17,443$8,784
24 years$47,232$36,438$27,779$20,960$15,678$7,609
25 years$44,860$34,195$25,729$19,142$14,108$6,596
26 years$42,674$32,138$23,862$17,502$12,708$5,721
27 years$40,654$30,245$22,158$16,020$11,457$4,966
28 years$38,781$28,500$20,599$14,678$10,338$4,312
29 years$37,040$26,886$19,169$13,460$9,335$3,745
30 years$35,419$25,391$17,855$12,353$8,435$3,255
31 years$33,905$24,003$16,646$11,345$7,626$2,829
32 years$32,489$22,712$15,531$10,427$6,898$2,460
33 years$31,161$21,509$14,501$9,588$6,243$2,140
34 years$29,914$20,385$13,549$8,822$5,652$1,861
35 years$28,741$19,335$12,667$8,121$5,119$1,619
36 years$27,635$18,352$11,850$7,479$4,639$1,409
37 years$26,592$17,430$11,091$6,891$4,204$1,226
38 years$25,606$16,565$10,387$6,352$3,811$1,067
39 years$24,673$15,751$9,731$5,857$3,456$929
40 years$23,789$14,986$9,121$5,402$3,135$809
41 years$22,950$14,266$8,553$4,984$2,844$704
42 years$22,153$13,586$8,023$4,600$2,581$613
43 years$21,395$12,945$7,528$4,246$2,342$534
44 years$20,674$12,339$7,066$3,920$2,126$465
45 years$19,986$11,766$6,635$3,621$1,930$405
46 years$19,331$11,225$6,232$3,344$1,752$353
47 years$18,705$10,712$5,855$3,090$1,591$307
48 years$18,107$10,226$5,502$2,855$1,445$267
49 years$17,536$9,765$5,171$2,639$1,312$233
50 years$16,988$9,328$4,862$2,439$1,192$203

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,400,000, adding $5,625 every year, while hoping to spend $25,575 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: 78/12/10 Blend
69$17,400,000$17,400,000$17,400,000$17,400,000
70$19,180,602$18,258,402$17,988,702$20,643,863
71$21,109,812$19,125,852$18,564,112$22,473,729
72$23,234,944$20,034,950$19,157,941$24,476,294
73$25,575,955$20,987,710$19,770,779$26,671,882
74$28,154,838$21,986,243$20,403,235$29,079,727
75$30,995,826$23,032,763$21,055,938$31,721,003
76$34,125,624$24,129,592$21,729,536$34,619,023
77$37,573,660$25,279,165$22,424,698$37,799,460
78$41,372,364$26,484,035$23,142,116$41,290,579
79$45,557,471$27,746,878$23,882,503$45,123,510
80$50,168,360$29,070,502$24,646,593$49,332,530
81$55,248,427$30,457,850$25,435,148$53,955,389
82$60,845,491$31,912,010$26,248,950$59,033,662
83$67,012,250$33,436,218$27,088,810$64,613,135
84$73,806,776$35,033,868$27,955,560$70,744,238
85$81,293,059$36,708,521$28,850,065$77,482,515
86$89,541,621$38,463,908$29,773,211$84,889,141
87$98,630,171$40,303,944$30,725,919$93,031,503
88$108,644,345$42,232,734$31,709,134$101,983,823
89$119,678,513$44,254,582$32,723,834$111,827,860
90$131,836,668$46,374,004$33,771,029$122,653,677
91$145,233,410$48,595,731$34,851,760$134,560,482
92$159,995,025$50,924,729$35,967,101$147,657,563
93$176,260,681$53,366,205$37,118,163$162,065,311
94$194,183,738$55,925,616$38,306,089$177,916,355
95$213,933,198$58,608,690$39,532,061$195,356,806
96$235,695,298$61,421,430$40,797,299$214,547,627
97$259,675,271$64,370,132$42,103,061$235,666,151
98$286,099,281$67,461,402$43,450,647$258,907,746
99$315,216,561$70,702,163$44,841,396$284,487,651
100$347,301,760$74,099,679$46,276,693$312,643,004