Can I retire at age 70 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,420,759
2 years$731,765$718,137$704,928$692,122$679,701$673,027
3 years$482,997$469,310$456,135$443,449$431,230$424,700
4 years$358,638$344,993$331,950$319,480$307,557$301,222
5 years$284,042$270,478$257,607$245,392$233,800$227,678
6 years$234,327$220,866$208,184$196,242$184,998$179,098
7 years$198,831$185,483$173,002$161,341$150,453$144,777
8 years$172,221$158,993$146,720$135,345$124,815$119,364
9 years$151,535$138,432$126,370$115,284$105,112$99,885
10 years$134,996$122,021$110,172$99,376$89,561$84,555
11 years$121,473$108,628$96,994$86,487$77,025$72,238
12 years$110,211$97,499$86,079$75,860$66,749$62,175
13 years$100,690$88,110$76,906$66,973$58,206$53,842
14 years$92,536$80,090$69,101$59,452$51,023$46,864
15 years$85,476$73,164$62,388$53,020$44,925$40,966
16 years$79,304$67,126$56,564$47,474$39,705$35,940
17 years$73,864$61,821$51,471$42,655$35,205$31,629
18 years$69,033$57,125$46,987$38,441$31,303$27,910
19 years$64,717$52,943$43,014$34,734$27,901$24,685
20 years$60,836$49,197$39,476$31,459$24,921$21,877
21 years$57,330$45,825$36,310$28,551$22,302$19,422
22 years$54,147$42,776$33,466$25,959$19,990$17,269
23 years$51,245$40,008$30,900$23,642$17,945$15,375
24 years$48,589$37,485$28,577$21,562$16,129$13,706
25 years$46,149$35,177$26,468$19,692$14,514$12,230
26 years$43,900$33,061$24,548$18,005$13,073$10,924
27 years$41,822$31,114$22,795$16,481$11,787$9,765
28 years$39,895$29,319$21,191$15,100$10,635$8,735
29 years$38,105$27,659$19,720$13,847$9,603$7,819
30 years$36,437$26,121$18,368$12,708$8,677$7,003
31 years$34,879$24,693$17,124$11,671$7,845$6,276
32 years$33,422$23,365$15,977$10,726$7,096$5,626
33 years$32,056$22,127$14,918$9,864$6,422$5,046
34 years$30,773$20,971$13,938$9,075$5,815$4,527
35 years$29,567$19,891$13,031$8,354$5,267$4,063
36 years$28,429$18,879$12,191$7,694$4,772$3,648
37 years$27,356$17,931$11,410$7,089$4,325$3,276
38 years$26,342$17,041$10,685$6,534$3,921$2,943
39 years$25,382$16,204$10,011$6,025$3,556$2,644
40 years$24,472$15,417$9,383$5,557$3,225$2,376
41 years$23,609$14,675$8,798$5,127$2,926$2,135
42 years$22,789$13,976$8,253$4,732$2,655$1,919
43 years$22,010$13,317$7,745$4,368$2,409$1,725
44 years$21,268$12,694$7,270$4,033$2,187$1,551
45 years$20,561$12,104$6,826$3,725$1,985$1,395
46 years$19,886$11,547$6,411$3,441$1,803$1,254
47 years$19,243$11,020$6,023$3,179$1,637$1,128
48 years$18,628$10,520$5,660$2,937$1,487$1,015
49 years$18,039$10,046$5,320$2,714$1,350$913
50 years$17,477$9,596$5,002$2,509$1,226$821

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,900,000, adding $6,999 every year, while hoping to spend $43,691 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: 60/31/9 Blend
69$17,900,000$17,900,000$17,900,000$17,900,000
70$19,733,019$18,784,319$18,506,869$20,876,789
71$21,699,301$19,658,264$19,080,363$22,518,700
72$23,864,678$20,573,568$19,671,604$24,303,205
73$26,249,413$21,532,211$20,281,141$26,248,550
74$28,875,834$22,536,270$20,909,539$28,370,223
75$31,768,542$23,587,920$21,557,382$30,685,254
76$34,954,649$24,689,444$22,225,270$33,212,368
77$38,464,028$25,843,232$22,913,822$35,972,152
78$42,329,601$27,051,792$23,623,676$38,987,247
79$46,587,642$28,317,752$24,355,492$42,282,556
80$51,278,128$29,643,867$25,109,946$45,885,468
81$56,445,106$31,033,026$25,887,739$49,826,116
82$62,137,120$32,488,257$26,689,591$54,137,645
83$68,407,659$34,012,735$27,516,246$58,856,525
84$75,315,669$35,609,788$28,368,468$64,022,885
85$82,926,105$37,282,905$29,247,049$69,680,881
86$91,310,544$39,035,744$30,152,802$75,879,106
87$100,547,864$40,872,140$31,086,566$82,671,039
88$110,724,986$42,796,115$32,049,205$90,115,540
89$121,937,694$44,811,883$33,041,613$98,277,396
90$134,291,538$46,923,865$34,064,706$107,227,919
91$147,902,835$49,136,694$35,119,434$117,045,614
92$162,899,761$51,455,229$36,206,772$127,816,901
93$179,423,565$53,884,564$37,327,727$139,636,924
94$197,629,900$56,430,039$38,483,337$152,610,435
95$217,690,293$59,097,254$39,674,672$166,852,768
96$239,793,763$61,892,080$40,902,834$182,490,914
97$264,148,608$64,820,672$42,168,960$199,664,708
98$290,984,367$67,889,487$43,474,221$218,528,128
99$320,553,991$71,105,289$44,819,826$239,250,740
100$353,136,226$74,475,177$46,207,018$262,019,275