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%14.8%
1 years$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,383,491
2 years$723,589$710,113$697,052$684,389$672,106$644,083
3 years$477,601$464,066$451,039$438,495$426,412$399,172
4 years$354,631$341,138$328,241$315,911$304,120$277,873
5 years$280,868$267,456$254,728$242,650$231,188$206,008
6 years$231,709$218,398$205,858$194,049$182,931$158,846
7 years$196,609$183,410$171,069$159,538$148,772$125,787
8 years$170,296$157,217$145,080$133,833$123,420$101,530
9 years$149,842$136,885$124,958$113,996$103,938$83,126
10 years$133,487$120,658$108,941$98,265$88,560$68,808
11 years$120,115$107,415$95,910$85,520$76,165$57,449
12 years$108,980$96,409$85,118$75,013$66,003$48,296
13 years$99,565$87,126$76,047$66,225$57,556$40,828
14 years$91,502$79,195$68,328$58,787$50,453$34,673
15 years$84,521$72,346$61,691$52,428$44,423$29,558
16 years$78,418$66,376$55,932$46,944$39,261$25,277
17 years$73,038$61,130$50,896$42,178$34,812$21,673
18 years$68,262$56,487$46,462$38,011$30,953$18,625
19 years$63,994$52,351$42,533$34,346$27,589$16,036
20 years$60,157$48,648$39,035$31,107$24,643$13,829
21 years$56,690$45,313$35,905$28,232$22,053$11,942
22 years$53,542$42,298$33,092$25,669$19,767$10,325
23 years$50,673$39,561$30,554$23,377$17,744$8,936
24 years$48,046$37,066$28,258$21,322$15,949$7,740
25 years$45,633$34,784$26,172$19,472$14,351$6,710
26 years$43,410$32,692$24,273$17,804$12,927$5,820
27 years$41,355$30,767$22,540$16,297$11,655$5,051
28 years$39,449$28,991$20,954$14,931$10,517$4,386
29 years$37,679$27,350$19,499$13,692$9,496$3,810
30 years$36,030$25,829$18,163$12,566$8,580$3,311
31 years$34,490$24,417$16,933$11,541$7,757$2,878
32 years$33,049$23,104$15,799$10,606$7,017$2,502
33 years$31,698$21,879$14,751$9,753$6,351$2,176
34 years$30,430$20,737$13,783$8,974$5,750$1,893
35 years$29,236$19,669$12,886$8,261$5,208$1,647
36 years$28,112$18,668$12,054$7,608$4,718$1,433
37 years$27,050$17,731$11,283$7,010$4,277$1,247
38 years$26,047$16,850$10,566$6,461$3,877$1,086
39 years$25,098$16,023$9,899$5,958$3,516$945
40 years$24,199$15,245$9,278$5,495$3,189$823
41 years$23,345$14,511$8,700$5,070$2,893$716
42 years$22,535$13,820$8,161$4,679$2,625$624
43 years$21,764$13,168$7,658$4,319$2,383$543
44 years$21,030$12,552$7,188$3,988$2,163$473
45 years$20,331$11,969$6,750$3,683$1,963$412
46 years$19,664$11,418$6,339$3,402$1,783$359
47 years$19,028$10,896$5,956$3,143$1,619$312
48 years$18,419$10,402$5,597$2,904$1,470$272
49 years$17,838$9,933$5,261$2,684$1,335$237
50 years$17,281$9,489$4,946$2,481$1,213$206

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 $2,024 every year, while hoping to spend $36,097 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: 48/35/17 Blend
69$17,700,000$17,700,000$17,700,000$17,700,000
70$19,507,488$18,569,388$18,295,038$20,350,628
71$21,458,845$19,440,881$18,869,515$21,806,627
72$23,608,030$20,353,867$19,462,027$23,382,851
73$25,975,184$21,310,342$20,073,140$25,093,610
74$28,582,501$22,312,397$20,703,438$26,951,514
75$31,454,437$23,362,225$21,353,524$28,970,409
76$34,617,940$24,462,124$22,024,017$31,165,505
77$38,102,708$25,614,506$22,715,560$33,553,506
78$41,941,465$26,821,898$23,428,812$36,152,768
79$46,170,272$28,086,948$24,164,454$38,983,458
80$50,828,866$29,412,436$24,923,191$42,067,739
81$55,961,038$30,801,273$25,705,745$45,429,970
82$61,615,042$32,256,513$26,512,866$49,096,929
83$67,844,053$33,781,359$27,345,323$53,098,054
84$74,706,667$35,379,166$28,203,912$57,465,713
85$82,267,457$37,053,456$29,089,454$62,235,499
86$90,597,581$38,807,918$30,002,793$67,446,555
87$99,775,450$40,646,422$30,944,803$73,141,933
88$109,887,475$42,573,026$31,916,383$79,368,987
89$121,028,877$44,591,983$32,918,461$86,179,810
90$133,304,588$46,707,756$33,951,995$93,631,714
91$146,830,240$48,925,020$35,017,971$101,787,755
92$161,733,259$51,248,681$36,117,407$110,717,315
93$178,154,066$53,683,880$37,251,355$120,496,744
94$196,247,401$56,236,011$38,420,896$131,210,064
95$216,183,788$58,910,727$39,627,147$142,949,747
96$238,151,139$61,713,958$40,871,262$155,817,570
97$262,356,533$64,651,920$42,154,427$169,925,563
98$289,028,168$67,731,132$43,477,869$185,397,040
99$318,417,514$70,958,431$44,842,850$202,367,753
100$350,801,690$74,340,984$46,250,676$220,987,146