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%13.4%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,391,480
2 years$723,589$710,113$697,052$684,389$672,106$652,052
3 years$477,601$464,066$451,039$438,495$426,412$406,871
4 years$354,631$341,138$328,241$315,911$304,120$285,243
5 years$280,868$267,456$254,728$242,650$231,188$213,028
6 years$231,709$218,398$205,858$194,049$182,931$165,511
7 years$196,609$183,410$171,069$159,538$148,772$132,097
8 years$170,296$157,217$145,080$133,833$123,420$107,489
9 years$149,842$136,885$124,958$113,996$103,938$88,743
10 years$133,487$120,658$108,941$98,265$88,560$74,090
11 years$120,115$107,415$95,910$85,520$76,165$62,405
12 years$108,980$96,409$85,118$75,013$66,003$52,937
13 years$99,565$87,126$76,047$66,225$57,556$45,166
14 years$91,502$79,195$68,328$58,787$50,453$38,721
15 years$84,521$72,346$61,691$52,428$44,423$33,328
16 years$78,418$66,376$55,932$46,944$39,261$28,782
17 years$73,038$61,130$50,896$42,178$34,812$24,926
18 years$68,262$56,487$46,462$38,011$30,953$21,639
19 years$63,994$52,351$42,533$34,346$27,589$18,824
20 years$60,157$48,648$39,035$31,107$24,643$16,404
21 years$56,690$45,313$35,905$28,232$22,053$14,316
22 years$53,542$42,298$33,092$25,669$19,767$12,511
23 years$50,673$39,561$30,554$23,377$17,744$10,946
24 years$48,046$37,066$28,258$21,322$15,949$9,586
25 years$45,633$34,784$26,172$19,472$14,351$8,402
26 years$43,410$32,692$24,273$17,804$12,927$7,370
27 years$41,355$30,767$22,540$16,297$11,655$6,469
28 years$39,449$28,991$20,954$14,931$10,517$5,681
29 years$37,679$27,350$19,499$13,692$9,496$4,992
30 years$36,030$25,829$18,163$12,566$8,580$4,388
31 years$34,490$24,417$16,933$11,541$7,757$3,859
32 years$33,049$23,104$15,799$10,606$7,017$3,395
33 years$31,698$21,879$14,751$9,753$6,351$2,987
34 years$30,430$20,737$13,783$8,974$5,750$2,629
35 years$29,236$19,669$12,886$8,261$5,208$2,315
36 years$28,112$18,668$12,054$7,608$4,718$2,038
37 years$27,050$17,731$11,283$7,010$4,277$1,795
38 years$26,047$16,850$10,566$6,461$3,877$1,581
39 years$25,098$16,023$9,899$5,958$3,516$1,393
40 years$24,199$15,245$9,278$5,495$3,189$1,227
41 years$23,345$14,511$8,700$5,070$2,893$1,081
42 years$22,535$13,820$8,161$4,679$2,625$953
43 years$21,764$13,168$7,658$4,319$2,383$840
44 years$21,030$12,552$7,188$3,988$2,163$740
45 years$20,331$11,969$6,750$3,683$1,963$652
46 years$19,664$11,418$6,339$3,402$1,783$575
47 years$19,028$10,896$5,956$3,143$1,619$507
48 years$18,419$10,402$5,597$2,904$1,470$447
49 years$17,838$9,933$5,261$2,684$1,335$394
50 years$17,281$9,489$4,946$2,481$1,213$347

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 $5,949 every year, while hoping to spend $37,158 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: 44/42/14 Blend
69$17,700,000$17,700,000$17,700,000$17,700,000
70$19,511,536$18,573,436$18,299,086$20,291,103
71$21,462,177$19,443,999$18,872,570$21,706,663
72$23,610,538$20,355,974$19,464,020$23,235,822
73$25,976,747$21,311,351$20,073,999$24,892,418
74$28,582,985$22,312,216$20,703,087$26,688,207
75$31,453,691$23,360,757$21,351,882$28,636,092
76$34,615,800$24,459,266$22,021,003$30,750,230
77$38,098,990$25,610,149$22,711,085$33,046,165
78$41,935,965$26,815,924$23,422,784$35,540,959
79$46,162,764$28,079,235$24,156,778$38,253,349
80$50,819,101$29,402,852$24,913,765$41,203,913
81$55,948,737$30,789,680$25,694,464$44,415,255
82$61,599,899$32,242,764$26,499,619$47,912,207
83$67,825,727$33,765,298$27,329,995$51,722,054
84$74,684,782$35,360,629$28,186,381$55,874,781
85$82,241,598$37,032,268$29,069,592$60,403,343
86$90,567,286$38,783,894$29,980,469$65,343,964
87$99,740,211$40,619,367$30,919,876$70,736,467
88$109,846,729$42,542,732$31,888,709$76,624,635
89$120,982,002$44,558,233$32,887,887$83,056,615
90$133,250,896$46,670,316$33,918,361$90,085,350
91$146,768,973$48,883,647$34,981,112$97,769,071
92$161,663,578$51,203,115$36,077,148$106,171,826
93$178,075,043$53,633,848$37,207,513$115,364,070
94$196,158,014$56,181,224$38,373,282$125,423,312
95$216,082,907$58,850,879$39,575,562$136,434,827
96$238,037,517$61,648,726$40,815,497$148,492,443
97$262,228,794$64,580,963$42,094,266$161,699,409
98$288,884,791$67,654,090$43,413,084$176,169,343
99$318,256,822$70,874,924$44,773,205$192,027,286
100$350,621,834$74,250,610$46,175,923$209,410,860