Can I retire at age 70 with 17,800,000?

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 $17,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$1,469,907$1,456,814$1,444,040$1,431,572$1,419,397$1,373,961
2 years$727,677$714,125$700,990$688,256$675,903$630,547
3 years$480,299$466,688$453,587$440,972$428,821$384,966
4 years$356,634$343,065$330,095$317,696$305,839$263,823
5 years$282,455$268,967$256,167$244,021$232,494$192,428
6 years$233,018$219,632$207,021$195,145$183,964$145,884
7 years$197,720$184,447$172,036$160,440$149,612$113,513
8 years$171,259$158,105$145,900$134,589$124,118$89,974
9 years$150,688$137,659$125,664$114,640$104,525$72,298
10 years$134,242$121,339$109,556$98,821$89,061$58,702
11 years$120,794$108,021$96,452$86,004$76,595$48,048
12 years$109,596$96,954$85,598$75,437$66,376$39,579
13 years$100,128$87,618$76,477$66,599$57,881$32,770
14 years$92,019$79,643$68,715$59,119$50,738$27,243
15 years$84,998$72,755$62,040$52,724$44,674$22,725
16 years$78,861$66,751$56,248$47,209$39,483$19,008
17 years$73,451$61,475$51,184$42,417$35,008$15,935
18 years$68,648$56,806$46,724$38,226$31,128$13,384
19 years$64,355$52,647$42,774$34,540$27,745$11,259
20 years$60,497$48,922$39,256$31,283$24,782$9,484
21 years$57,010$45,569$36,108$28,391$22,177$7,997
22 years$53,845$42,537$33,279$25,814$19,879$6,750
23 years$50,959$39,784$30,727$23,510$17,844$5,701
24 years$48,317$37,275$28,417$21,442$16,039$4,819
25 years$45,891$34,981$26,320$19,582$14,433$4,075
26 years$43,655$32,876$24,411$17,905$13,000$3,448
27 years$41,588$30,941$22,667$16,389$11,721$2,918
28 years$39,672$29,155$21,072$15,016$10,576$2,470
29 years$37,892$27,505$19,610$13,770$9,550$2,092
30 years$36,233$25,975$18,266$12,637$8,629$1,772
31 years$34,684$24,555$17,028$11,606$7,801$1,502
32 years$33,235$23,234$15,888$10,666$7,057$1,272
33 years$31,877$22,003$14,835$9,809$6,386$1,078
34 years$30,602$20,854$13,861$9,025$5,782$914
35 years$29,401$19,780$12,959$8,308$5,237$775
36 years$28,271$18,774$12,122$7,651$4,745$657
37 years$27,203$17,831$11,346$7,050$4,301$557
38 years$26,195$16,946$10,625$6,498$3,899$472
39 years$25,240$16,114$9,955$5,991$3,536$400
40 years$24,335$15,331$9,331$5,526$3,207$340
41 years$23,477$14,593$8,749$5,099$2,909$288
42 years$22,662$13,898$8,207$4,705$2,640$244
43 years$21,887$13,242$7,701$4,344$2,396$207
44 years$21,149$12,623$7,229$4,011$2,175$176
45 years$20,446$12,037$6,788$3,704$1,974$149
46 years$19,775$11,483$6,375$3,421$1,793$126
47 years$19,135$10,958$5,989$3,161$1,628$107
48 years$18,524$10,461$5,628$2,921$1,478$91
49 years$17,939$9,990$5,290$2,699$1,343$77
50 years$17,379$9,542$4,974$2,495$1,220$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,800,000, adding $3,353 every year, while hoping to spend $59,366 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: 51/25/24 Blend
69$17,800,000$17,800,000$17,800,000$17,800,000
70$19,619,059$18,675,659$18,399,759$20,487,621
71$21,557,038$19,527,601$18,952,986$21,942,266
72$23,690,701$20,419,299$19,522,756$23,516,744
73$26,039,945$21,352,637$20,109,561$25,227,534
74$28,626,696$22,329,592$20,713,907$27,087,602
75$31,475,111$23,352,235$21,336,316$29,111,196
76$34,611,812$24,422,734$21,977,322$31,313,981
77$38,066,133$25,543,364$22,637,479$33,713,177
78$41,870,398$26,716,509$23,317,354$36,327,717
79$46,060,226$27,944,665$24,017,533$39,178,419
80$50,674,867$29,230,451$24,738,617$42,288,179
81$55,757,571$30,576,611$25,481,228$45,682,178
82$61,355,997$31,986,019$26,246,003$49,388,114
83$67,522,664$33,461,689$27,033,600$53,436,456
84$74,315,444$35,006,780$27,844,694$57,860,728
85$81,798,110$36,624,603$28,679,982$62,697,810
86$90,040,937$38,318,628$29,540,181$67,988,287
87$99,121,363$40,092,492$30,426,028$73,776,819
88$109,124,725$41,950,007$31,338,283$80,112,553
89$120,145,059$43,895,169$32,277,727$87,049,584
90$132,285,990$45,932,167$33,245,166$94,647,447
91$145,661,709$48,065,391$34,241,426$102,971,679
92$160,398,051$50,299,443$35,267,362$112,094,419
93$176,633,684$52,639,148$36,323,851$122,095,084
94$194,521,415$55,089,561$37,411,795$133,061,106
95$214,229,634$57,655,985$38,532,125$145,088,744
96$235,943,903$60,343,975$39,685,798$158,283,983
97$259,868,708$63,159,355$40,873,798$172,763,519
98$286,229,386$66,108,233$42,097,140$188,655,850
99$315,274,256$69,197,010$43,356,867$206,102,475
100$347,276,961$72,432,395$44,654,054$225,259,212