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%17.7%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,344,162
2 years$711,325$698,077$685,238$672,789$660,714$617,438
3 years$469,506$456,201$443,394$431,063$419,184$377,327
4 years$348,620$335,356$322,677$310,556$298,966$258,848
5 years$276,108$262,923$250,411$238,537$227,269$188,999
6 years$227,782$214,697$202,369$190,760$179,830$143,441
7 years$193,277$180,302$168,170$156,834$146,250$111,739
8 years$167,410$154,552$142,621$131,564$121,329$88,673
9 years$147,302$134,565$122,840$112,064$102,176$71,340
10 years$131,225$118,613$107,094$96,600$87,059$57,996
11 years$118,079$105,594$94,284$84,071$74,874$47,532
12 years$107,133$94,775$83,675$73,741$64,884$39,206
13 years$97,878$85,649$74,758$65,103$56,580$32,505
14 years$89,951$77,853$67,170$57,791$49,598$27,061
15 years$83,088$71,120$60,646$51,539$43,670$22,605
16 years$77,089$65,251$54,984$46,148$38,596$18,935
17 years$71,800$60,094$50,034$41,463$34,221$15,897
18 years$67,105$55,529$45,674$37,367$30,428$13,372
19 years$62,909$51,464$41,813$33,764$27,121$11,266
20 years$59,137$47,823$38,373$30,580$24,225$9,504
21 years$55,729$44,545$35,296$27,753$21,679$8,027
22 years$52,635$41,581$32,531$25,234$19,432$6,785
23 years$49,814$38,890$30,036$22,981$17,443$5,740
24 years$47,232$36,438$27,779$20,960$15,678$4,859
25 years$44,860$34,195$25,729$19,142$14,108$4,116
26 years$42,674$32,138$23,862$17,502$12,708$3,488
27 years$40,654$30,245$22,158$16,020$11,457$2,957
28 years$38,781$28,500$20,599$14,678$10,338$2,507
29 years$37,040$26,886$19,169$13,460$9,335$2,127
30 years$35,419$25,391$17,855$12,353$8,435$1,805
31 years$33,905$24,003$16,646$11,345$7,626$1,532
32 years$32,489$22,712$15,531$10,427$6,898$1,300
33 years$31,161$21,509$14,501$9,588$6,243$1,104
34 years$29,914$20,385$13,549$8,822$5,652$937
35 years$28,741$19,335$12,667$8,121$5,119$796
36 years$27,635$18,352$11,850$7,479$4,639$676
37 years$26,592$17,430$11,091$6,891$4,204$574
38 years$25,606$16,565$10,387$6,352$3,811$487
39 years$24,673$15,751$9,731$5,857$3,456$414
40 years$23,789$14,986$9,121$5,402$3,135$352
41 years$22,950$14,266$8,553$4,984$2,844$299
42 years$22,153$13,586$8,023$4,600$2,581$254
43 years$21,395$12,945$7,528$4,246$2,342$215
44 years$20,674$12,339$7,066$3,920$2,126$183
45 years$19,986$11,766$6,635$3,621$1,930$156
46 years$19,331$11,225$6,232$3,344$1,752$132
47 years$18,705$10,712$5,855$3,090$1,591$112
48 years$18,107$10,226$5,502$2,855$1,445$95
49 years$17,536$9,765$5,171$2,639$1,312$81
50 years$16,988$9,328$4,862$2,439$1,192$69

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 $2,682 every year, while hoping to spend $39,727 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: 37/46/17 Blend
69$17,400,000$17,400,000$17,400,000$17,400,000
70$19,177,566$18,255,366$17,985,666$19,788,215
71$21,091,409$19,107,610$18,545,917$21,081,211
72$23,199,132$20,000,282$19,123,605$22,472,949
73$25,520,469$20,935,322$19,719,271$23,975,391
74$28,077,166$21,914,762$20,333,476$25,598,484
75$30,893,185$22,940,733$20,966,795$27,353,127
76$33,994,931$24,015,470$21,619,824$29,251,269
77$37,411,499$25,141,314$22,293,173$31,306,012
78$41,174,954$26,320,720$22,987,477$33,531,726
79$45,320,627$27,556,263$23,703,385$35,944,172
80$49,887,452$28,850,641$24,441,569$38,560,646
81$54,918,334$30,206,683$25,202,723$41,400,129
82$60,460,549$31,627,356$25,987,559$44,483,455
83$66,566,197$33,115,769$26,796,815$47,833,497
84$73,292,690$34,675,182$27,631,249$51,475,370
85$80,703,293$36,309,014$28,491,644$55,436,657
86$88,867,721$38,020,849$29,378,807$59,747,655
87$97,862,801$39,814,443$30,293,569$64,441,649
88$107,773,192$41,693,736$31,236,789$69,555,209
89$118,692,188$43,662,858$32,209,351$75,128,524
90$130,722,593$45,726,141$33,212,167$81,205,761
91$143,977,700$47,888,125$34,246,177$87,835,471
92$158,582,353$50,153,569$35,312,351$95,071,024
93$174,674,125$52,527,467$36,411,687$102,971,101
94$192,404,625$55,015,052$37,545,218$111,600,223
95$211,940,918$57,621,810$38,714,004$121,029,345
96$233,467,110$60,353,498$39,919,141$131,336,505
97$257,186,083$63,216,146$41,161,760$142,607,534
98$283,321,408$66,216,083$42,443,024$154,936,850
99$312,119,461$69,359,940$43,764,135$168,428,320
100$343,851,742$72,654,673$45,126,329$183,196,221