Can I retire at age 70 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,375,112
2 years$719,501$706,101$693,114$680,522$668,309$639,885
3 years$474,902$461,445$448,491$436,017$424,003$396,377
4 years$352,627$339,211$326,386$314,126$302,402$275,788
5 years$279,281$265,945$253,289$241,279$229,881$204,355
6 years$230,400$217,164$204,695$192,953$181,897$157,486
7 years$195,499$182,374$170,103$158,637$147,931$124,640
8 years$169,334$156,328$144,261$133,077$122,723$100,545
9 years$148,995$136,112$124,252$113,352$103,351$82,271
10 years$132,733$119,976$108,325$97,710$88,060$68,059
11 years$119,437$106,808$95,368$85,037$75,735$56,787
12 years$108,364$95,865$84,637$74,589$65,630$47,708
13 years$99,003$86,634$75,617$65,851$57,231$40,304
14 years$90,985$78,748$67,942$58,455$50,168$34,205
15 years$84,043$71,937$61,343$52,132$44,172$29,139
16 years$77,975$66,001$55,616$46,678$39,039$24,901
17 years$72,626$60,785$50,609$41,940$34,615$21,336
18 years$67,876$56,168$46,199$37,796$30,778$18,321
19 years$63,632$52,056$42,293$34,152$27,433$15,763
20 years$59,817$48,373$38,815$30,932$24,504$13,583
21 years$56,369$45,057$35,702$28,072$21,928$11,721
22 years$53,240$42,059$32,905$25,524$19,655$10,126
23 years$50,386$39,337$30,382$23,245$17,644$8,757
24 years$47,775$36,856$28,098$21,201$15,859$7,579
25 years$45,376$34,588$26,024$19,362$14,270$6,565
26 years$43,165$32,507$24,136$17,704$12,854$5,690
27 years$41,121$30,593$22,413$16,205$11,589$4,934
28 years$39,227$28,828$20,835$14,847$10,457$4,281
29 years$37,466$27,196$19,389$13,615$9,443$3,716
30 years$35,826$25,683$18,060$12,495$8,532$3,226
31 years$34,295$24,279$16,837$11,476$7,714$2,802
32 years$32,862$22,973$15,709$10,547$6,978$2,435
33 years$31,519$21,756$14,668$9,698$6,315$2,116
34 years$30,258$20,620$13,705$8,923$5,717$1,839
35 years$29,071$19,557$12,813$8,214$5,178$1,598
36 years$27,953$18,563$11,986$7,565$4,692$1,390
37 years$26,898$17,630$11,219$6,970$4,252$1,208
38 years$25,900$16,755$10,506$6,425$3,855$1,051
39 years$24,956$15,933$9,843$5,924$3,496$914
40 years$24,062$15,159$9,226$5,464$3,171$795
41 years$23,213$14,429$8,651$5,041$2,877$692
42 years$22,407$13,742$8,115$4,652$2,610$602
43 years$21,641$13,093$7,615$4,295$2,369$523
44 years$20,911$12,481$7,148$3,966$2,150$455
45 years$20,216$11,902$6,711$3,662$1,952$396
46 years$19,553$11,354$6,304$3,383$1,772$345
47 years$18,920$10,835$5,922$3,125$1,610$300
48 years$18,315$10,343$5,565$2,888$1,462$261
49 years$17,737$9,877$5,231$2,669$1,328$227
50 years$17,184$9,435$4,918$2,467$1,206$198

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,600,000, adding $5,636 every year, while hoping to spend $34,091 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: 53/31/16 Blend
69$17,600,000$17,600,000$17,600,000$17,600,000
70$19,401,014$18,468,214$18,195,414$20,345,394
71$21,343,644$19,336,883$18,768,687$21,860,426
72$23,483,281$20,246,976$19,360,023$23,503,924
73$25,839,982$21,200,484$19,969,990$25,291,402
74$28,435,851$22,199,498$20,599,176$27,236,547
75$31,295,244$23,246,210$21,248,184$29,354,399
76$34,445,002$24,342,917$21,917,642$31,661,483
77$37,914,701$25,492,029$22,608,192$34,175,964
78$41,736,933$26,696,071$23,320,499$36,917,809
79$45,947,613$27,957,691$24,055,248$39,908,969
80$50,586,318$29,279,667$24,813,148$43,173,580
81$55,696,661$30,664,909$25,594,926$46,738,181
82$61,326,700$32,116,469$26,401,336$50,631,959
83$67,529,397$33,637,549$27,233,154$54,887,015
84$74,363,110$35,231,504$28,091,180$59,538,659
85$81,892,153$36,901,853$28,976,240$64,625,733
86$90,187,394$38,652,286$29,889,185$70,190,971
87$99,326,930$40,486,670$30,830,895$76,281,389
88$109,396,822$42,409,062$31,802,275$82,948,720
89$120,491,907$44,423,715$32,804,261$90,249,894
90$132,716,695$46,535,090$33,837,816$98,247,558
91$146,186,351$48,747,862$34,903,936$107,010,664
92$161,027,787$51,066,936$36,003,646$116,615,100
93$177,380,858$53,497,453$37,138,005$127,144,395
94$195,399,682$56,044,804$38,308,105$138,690,499
95$215,254,094$58,714,644$39,515,071$151,354,630
96$237,131,251$61,512,901$40,760,065$165,248,219
97$261,237,397$64,445,792$42,044,286$180,493,945
98$287,799,810$67,519,835$43,368,969$197,226,877
99$317,068,951$70,741,866$44,735,389$215,595,732
100$349,320,820$74,119,055$46,144,861$235,764,260