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%13.9%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,380,767
2 years$719,501$706,101$693,114$680,522$668,309$645,520
3 years$474,902$461,445$448,491$436,017$424,003$401,815
4 years$352,627$339,211$326,386$314,126$302,402$280,988
5 years$279,281$265,945$253,289$241,279$229,881$209,302
6 years$230,400$217,164$204,695$192,953$181,897$162,176
7 years$195,499$182,374$170,103$158,637$147,931$129,074
8 years$169,334$156,328$144,261$133,077$122,723$104,727
9 years$148,995$136,112$124,252$113,352$103,351$86,206
10 years$132,733$119,976$108,325$97,710$88,060$71,753
11 years$119,437$106,808$95,368$85,037$75,735$60,248
12 years$108,364$95,865$84,637$74,589$65,630$50,944
13 years$99,003$86,634$75,617$65,851$57,231$43,323
14 years$90,985$78,748$67,942$58,455$50,168$37,017
15 years$84,043$71,937$61,343$52,132$44,172$31,752
16 years$77,975$66,001$55,616$46,678$39,039$27,325
17 years$72,626$60,785$50,609$41,940$34,615$23,581
18 years$67,876$56,168$46,199$37,796$30,778$20,397
19 years$63,632$52,056$42,293$34,152$27,433$17,679
20 years$59,817$48,373$38,815$30,932$24,504$15,349
21 years$56,369$45,057$35,702$28,072$21,928$13,345
22 years$53,240$42,059$32,905$25,524$19,655$11,618
23 years$50,386$39,337$30,382$23,245$17,644$10,126
24 years$47,775$36,856$28,098$21,201$15,859$8,833
25 years$45,376$34,588$26,024$19,362$14,270$7,712
26 years$43,165$32,507$24,136$17,704$12,854$6,738
27 years$41,121$30,593$22,413$16,205$11,589$5,890
28 years$39,227$28,828$20,835$14,847$10,457$5,152
29 years$37,466$27,196$19,389$13,615$9,443$4,508
30 years$35,826$25,683$18,060$12,495$8,532$3,947
31 years$34,295$24,279$16,837$11,476$7,714$3,457
32 years$32,862$22,973$15,709$10,547$6,978$3,028
33 years$31,519$21,756$14,668$9,698$6,315$2,653
34 years$30,258$20,620$13,705$8,923$5,717$2,326
35 years$29,071$19,557$12,813$8,214$5,178$2,039
36 years$27,953$18,563$11,986$7,565$4,692$1,788
37 years$26,898$17,630$11,219$6,970$4,252$1,568
38 years$25,900$16,755$10,506$6,425$3,855$1,375
39 years$24,956$15,933$9,843$5,924$3,496$1,206
40 years$24,062$15,159$9,226$5,464$3,171$1,058
41 years$23,213$14,429$8,651$5,041$2,877$928
42 years$22,407$13,742$8,115$4,652$2,610$815
43 years$21,641$13,093$7,615$4,295$2,369$715
44 years$20,911$12,481$7,148$3,966$2,150$627
45 years$20,216$11,902$6,711$3,662$1,952$551
46 years$19,553$11,354$6,304$3,383$1,772$483
47 years$18,920$10,835$5,922$3,125$1,610$424
48 years$18,315$10,343$5,565$2,888$1,462$372
49 years$17,737$9,877$5,231$2,669$1,328$327
50 years$17,184$9,435$4,918$2,467$1,206$287

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 $4,953 every year, while hoping to spend $23,263 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: 38/45/17 Blend
69$17,600,000$17,600,000$17,600,000$17,600,000
70$19,400,309$18,467,509$18,194,709$20,038,041
71$21,354,389$19,347,665$18,779,480$21,376,536
72$23,507,005$20,270,170$19,383,061$22,819,532
73$25,878,384$21,237,072$20,006,058$24,378,508
74$28,490,814$22,250,524$20,649,096$26,063,923
75$31,368,856$23,312,779$21,312,820$27,887,239
76$34,539,576$24,426,201$21,997,896$29,861,024
77$38,032,799$25,593,271$22,705,012$31,999,058
78$41,881,392$26,816,588$23,434,876$34,316,458
79$46,121,572$28,098,879$24,188,223$36,829,805
80$50,793,251$29,443,003$24,965,807$39,557,295
81$55,940,411$30,851,959$25,768,410$42,518,899
82$61,611,518$32,328,890$26,596,837$45,736,538
83$67,859,981$33,877,094$27,451,919$49,234,281
84$74,744,656$35,500,029$28,334,516$53,038,557
85$82,330,401$37,201,320$29,245,512$57,178,394
86$90,688,689$38,984,772$30,185,824$61,685,676
87$99,898,281$40,854,371$31,156,394$66,595,436
88$110,045,970$42,814,299$32,158,198$71,946,164
89$121,227,402$44,868,944$33,192,241$77,780,159
90$133,547,978$47,022,903$34,259,562$84,143,914
91$147,123,848$49,281,001$35,361,233$91,088,531
92$162,083,006$51,648,295$36,498,360$98,670,194
93$178,566,503$54,130,092$37,672,085$106,950,673
94$196,729,774$56,731,955$38,883,588$115,997,891
95$216,744,107$59,459,717$40,134,085$125,886,545
96$238,798,262$62,319,498$41,424,832$136,698,789
97$263,100,247$65,317,716$42,757,126$148,524,988
98$289,879,288$68,461,101$44,132,306$161,464,542
99$319,387,990$71,756,709$45,551,753$175,626,808
100$351,904,722$75,211,945$47,016,894$191,132,100