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

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,366,196
2 years$719,501$706,101$693,114$680,522$668,309$631,037
3 years$474,902$461,445$448,491$436,017$424,003$387,879
4 years$352,627$339,211$326,386$314,126$302,402$267,704
5 years$279,281$265,945$253,289$241,279$229,881$196,704
6 years$230,400$217,164$204,695$192,953$181,897$150,273
7 years$195,499$182,374$170,103$158,637$147,931$117,861
8 years$169,334$156,328$144,261$133,077$122,723$94,193
9 years$148,995$136,112$124,252$113,352$103,351$76,335
10 years$132,733$119,976$108,325$97,710$88,060$62,525
11 years$119,437$106,808$95,368$85,037$75,735$51,641
12 years$108,364$95,865$84,637$74,589$65,630$42,934
13 years$99,003$86,634$75,617$65,851$57,231$35,885
14 years$90,985$78,748$67,942$58,455$50,168$30,124
15 years$84,043$71,937$61,343$52,132$44,172$25,377
16 years$77,975$66,001$55,616$46,678$39,039$21,441
17 years$72,626$60,785$50,609$41,940$34,615$18,160
18 years$67,876$56,168$46,199$37,796$30,778$15,412
19 years$63,632$52,056$42,293$34,152$27,433$13,102
20 years$59,817$48,373$38,815$30,932$24,504$11,155
21 years$56,369$45,057$35,702$28,072$21,928$9,508
22 years$53,240$42,059$32,905$25,524$19,655$8,113
23 years$50,386$39,337$30,382$23,245$17,644$6,929
24 years$47,775$36,856$28,098$21,201$15,859$5,922
25 years$45,376$34,588$26,024$19,362$14,270$5,064
26 years$43,165$32,507$24,136$17,704$12,854$4,333
27 years$41,121$30,593$22,413$16,205$11,589$3,709
28 years$39,227$28,828$20,835$14,847$10,457$3,176
29 years$37,466$27,196$19,389$13,615$9,443$2,721
30 years$35,826$25,683$18,060$12,495$8,532$2,332
31 years$34,295$24,279$16,837$11,476$7,714$1,999
32 years$32,862$22,973$15,709$10,547$6,978$1,713
33 years$31,519$21,756$14,668$9,698$6,315$1,469
34 years$30,258$20,620$13,705$8,923$5,717$1,260
35 years$29,071$19,557$12,813$8,214$5,178$1,081
36 years$27,953$18,563$11,986$7,565$4,692$927
37 years$26,898$17,630$11,219$6,970$4,252$795
38 years$25,900$16,755$10,506$6,425$3,855$682
39 years$24,956$15,933$9,843$5,924$3,496$585
40 years$24,062$15,159$9,226$5,464$3,171$502
41 years$23,213$14,429$8,651$5,041$2,877$431
42 years$22,407$13,742$8,115$4,652$2,610$370
43 years$21,641$13,093$7,615$4,295$2,369$317
44 years$20,911$12,481$7,148$3,966$2,150$272
45 years$20,216$11,902$6,711$3,662$1,952$234
46 years$19,553$11,354$6,304$3,383$1,772$201
47 years$18,920$10,835$5,922$3,125$1,610$172
48 years$18,315$10,343$5,565$2,888$1,462$148
49 years$17,737$9,877$5,231$2,669$1,328$127
50 years$17,184$9,435$4,918$2,467$1,206$109

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 $5,643 every year, while hoping to spend $38,043 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: 82/8/10 Blend
69$17,600,000$17,600,000$17,600,000$17,600,000
70$19,401,021$18,468,221$18,195,421$20,961,359
71$21,339,447$19,332,686$18,764,490$22,848,567
72$23,474,319$20,238,235$19,351,348$24,914,483
73$25,825,631$21,186,841$19,956,550$27,181,498
74$28,415,421$22,180,572$20,580,670$29,669,756
75$31,267,971$23,221,596$21,224,299$32,401,443
76$34,410,037$24,312,187$21,888,046$35,400,991
77$37,871,104$25,454,728$22,572,539$38,695,310
78$41,683,665$26,651,718$23,278,428$42,314,037
79$45,883,523$27,905,776$24,006,379$46,289,815
80$50,510,132$29,219,649$24,757,082$50,658,598
81$55,606,970$30,596,216$25,531,249$55,459,989
82$61,221,946$32,038,497$26,329,611$60,737,611
83$67,407,857$33,549,655$27,152,926$66,539,517
84$74,222,880$35,133,010$28,001,971$72,918,637
85$81,731,128$36,792,042$28,877,551$79,933,280
86$90,003,249$38,530,398$29,780,495$87,647,681
87$99,117,096$40,351,903$30,711,657$96,132,598
88$109,158,461$42,260,567$31,671,918$105,465,986
89$120,221,885$44,260,596$32,662,188$115,733,721
90$132,411,550$46,356,398$33,683,404$127,030,415
91$145,842,262$48,552,595$34,736,533$139,460,298
92$160,640,536$50,854,036$35,822,570$153,138,205
93$176,945,788$53,265,801$36,942,543$168,190,650
94$194,911,654$55,793,221$38,097,514$184,757,021
95$214,707,436$58,441,881$39,288,574$202,990,890
96$236,519,703$61,217,643$40,516,850$223,061,456
97$260,554,053$64,126,648$41,783,505$245,155,140
98$287,037,051$67,175,338$43,089,737$269,477,341
99$316,218,370$70,370,469$44,436,782$296,254,368
100$348,373,144$73,719,122$45,825,915$325,735,570