Can I retire at age 70 with 17,700,000?

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 $17,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,388,041
2 years$723,589$710,113$697,052$684,389$672,106$648,617
3 years$477,601$464,066$451,039$438,495$426,412$403,547
4 years$354,631$341,138$328,241$315,911$304,120$282,056
5 years$280,868$267,456$254,728$242,650$231,188$209,988
6 years$231,709$218,398$205,858$194,049$182,931$162,619
7 years$196,609$183,410$171,069$159,538$148,772$129,355
8 years$170,296$157,217$145,080$133,833$123,420$104,894
9 years$149,842$136,885$124,958$113,996$103,938$86,292
10 years$133,487$120,658$108,941$98,265$88,560$71,780
11 years$120,115$107,415$95,910$85,520$76,165$60,233
12 years$108,980$96,409$85,118$75,013$66,003$50,899
13 years$99,565$87,126$76,047$66,225$57,556$43,256
14 years$91,502$79,195$68,328$58,787$50,453$36,935
15 years$84,521$72,346$61,691$52,428$44,423$31,660
16 years$78,418$66,376$55,932$46,944$39,261$27,227
17 years$73,038$61,130$50,896$42,178$34,812$23,479
18 years$68,262$56,487$46,462$38,011$30,953$20,295
19 years$63,994$52,351$42,533$34,346$27,589$17,577
20 years$60,157$48,648$39,035$31,107$24,643$15,249
21 years$56,690$45,313$35,905$28,232$22,053$13,249
22 years$53,542$42,298$33,092$25,669$19,767$11,525
23 years$50,673$39,561$30,554$23,377$17,744$10,037
24 years$48,046$37,066$28,258$21,322$15,949$8,749
25 years$45,633$34,784$26,172$19,472$14,351$7,632
26 years$43,410$32,692$24,273$17,804$12,927$6,663
27 years$41,355$30,767$22,540$16,297$11,655$5,820
28 years$39,449$28,991$20,954$14,931$10,517$5,086
29 years$37,679$27,350$19,499$13,692$9,496$4,448
30 years$36,030$25,829$18,163$12,566$8,580$3,890
31 years$34,490$24,417$16,933$11,541$7,757$3,404
32 years$33,049$23,104$15,799$10,606$7,017$2,980
33 years$31,698$21,879$14,751$9,753$6,351$2,609
34 years$30,430$20,737$13,783$8,974$5,750$2,285
35 years$29,236$19,669$12,886$8,261$5,208$2,001
36 years$28,112$18,668$12,054$7,608$4,718$1,753
37 years$27,050$17,731$11,283$7,010$4,277$1,536
38 years$26,047$16,850$10,566$6,461$3,877$1,346
39 years$25,098$16,023$9,899$5,958$3,516$1,180
40 years$24,199$15,245$9,278$5,495$3,189$1,034
41 years$23,345$14,511$8,700$5,070$2,893$907
42 years$22,535$13,820$8,161$4,679$2,625$795
43 years$21,764$13,168$7,658$4,319$2,383$697
44 years$21,030$12,552$7,188$3,988$2,163$611
45 years$20,331$11,969$6,750$3,683$1,963$536
46 years$19,664$11,418$6,339$3,402$1,783$470
47 years$19,028$10,896$5,956$3,143$1,619$412
48 years$18,419$10,402$5,597$2,904$1,470$361
49 years$17,838$9,933$5,261$2,684$1,335$317
50 years$17,281$9,489$4,946$2,481$1,213$278

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,700,000, adding $6,848 every year, while hoping to spend $51,260 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: 60/12/28 Blend
69$17,700,000$17,700,000$17,700,000$17,700,000
70$19,512,464$18,574,364$18,300,014$20,534,900
71$21,448,195$19,429,967$18,858,524$22,088,840
72$23,579,652$20,325,777$19,434,026$23,777,595
73$25,926,747$21,263,710$20,027,036$25,619,301
74$28,511,416$22,245,774$20,638,083$27,628,872
75$31,357,837$23,274,073$21,267,715$29,822,714
76$34,492,647$24,350,813$21,916,495$32,218,884
77$37,945,202$25,478,308$22,585,002$34,837,248
78$41,747,849$26,658,981$23,273,835$37,699,674
79$45,936,230$27,895,372$23,983,610$40,830,226
80$50,549,625$29,190,144$24,714,960$44,255,395
81$55,631,315$30,546,089$25,468,539$48,004,339
82$61,228,994$31,966,133$26,245,020$52,109,157
83$67,395,220$33,453,342$27,045,097$56,605,187
84$74,187,909$35,010,932$27,869,484$61,531,334
85$81,670,881$36,642,273$28,718,917$66,930,433
86$89,914,463$38,350,897$29,594,154$72,849,651
87$98,996,156$40,140,508$30,495,975$79,340,920
88$109,001,359$42,014,989$31,425,185$86,461,431
89$120,024,182$43,978,408$32,382,614$94,274,160
90$132,168,331$46,035,032$33,369,113$102,848,461
91$145,548,086$48,189,333$34,385,564$112,260,716
92$160,289,381$50,446,001$35,432,871$122,595,044
93$176,530,993$52,809,951$36,511,967$133,944,093
94$194,425,851$55,286,335$37,623,814$146,409,906
95$214,142,478$57,880,555$38,769,402$160,104,879
96$235,866,584$60,598,276$39,949,751$175,152,810
97$259,802,819$63,445,435$41,165,911$191,690,067
98$286,176,702$66,428,257$42,418,965$209,866,859
99$315,236,752$69,553,268$43,710,026$229,848,651
100$347,256,833$72,827,310$45,040,244$251,817,716