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

Use the below retirement simulation to view the chances of a successful retirement.
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%11.6%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,417,781
2 years$731,765$718,137$704,928$692,122$679,701$670,029
3 years$482,997$469,310$456,135$443,449$431,230$421,776
4 years$358,638$344,993$331,950$319,480$307,557$298,393
5 years$284,042$270,478$257,607$245,392$233,800$224,954
6 years$234,327$220,866$208,184$196,242$184,998$176,481
7 years$198,831$185,483$173,002$161,341$150,453$142,268
8 years$172,221$158,993$146,720$135,345$124,815$116,964
9 years$151,535$138,432$126,370$115,284$105,112$97,592
10 years$134,996$122,021$110,172$99,376$89,561$82,368
11 years$121,473$108,628$96,994$86,487$77,025$70,154
12 years$110,211$97,499$86,079$75,860$66,749$60,193
13 years$100,690$88,110$76,906$66,973$58,206$51,960
14 years$92,536$80,090$69,101$59,452$51,023$45,079
15 years$85,476$73,164$62,388$53,020$44,925$39,274
16 years$79,304$67,126$56,564$47,474$39,705$34,339
17 years$73,864$61,821$51,471$42,655$35,205$30,117
18 years$69,033$57,125$46,987$38,441$31,303$26,482
19 years$64,717$52,943$43,014$34,734$27,901$23,339
20 years$60,836$49,197$39,476$31,459$24,921$20,609
21 years$57,330$45,825$36,310$28,551$22,302$18,229
22 years$54,147$42,776$33,466$25,959$19,990$16,149
23 years$51,245$40,008$30,900$23,642$17,945$14,324
24 years$48,589$37,485$28,577$21,562$16,129$12,720
25 years$46,149$35,177$26,468$19,692$14,514$11,307
26 years$43,900$33,061$24,548$18,005$13,073$10,060
27 years$41,822$31,114$22,795$16,481$11,787$8,957
28 years$39,895$29,319$21,191$15,100$10,635$7,981
29 years$38,105$27,659$19,720$13,847$9,603$7,115
30 years$36,437$26,121$18,368$12,708$8,677$6,347
31 years$34,879$24,693$17,124$11,671$7,845$5,665
32 years$33,422$23,365$15,977$10,726$7,096$5,058
33 years$32,056$22,127$14,918$9,864$6,422$4,518
34 years$30,773$20,971$13,938$9,075$5,815$4,037
35 years$29,567$19,891$13,031$8,354$5,267$3,608
36 years$28,429$18,879$12,191$7,694$4,772$3,225
37 years$27,356$17,931$11,410$7,089$4,325$2,884
38 years$26,342$17,041$10,685$6,534$3,921$2,580
39 years$25,382$16,204$10,011$6,025$3,556$2,308
40 years$24,472$15,417$9,383$5,557$3,225$2,065
41 years$23,609$14,675$8,798$5,127$2,926$1,848
42 years$22,789$13,976$8,253$4,732$2,655$1,654
43 years$22,010$13,317$7,745$4,368$2,409$1,480
44 years$21,268$12,694$7,270$4,033$2,187$1,325
45 years$20,561$12,104$6,826$3,725$1,985$1,187
46 years$19,886$11,547$6,411$3,441$1,803$1,062
47 years$19,243$11,020$6,023$3,179$1,637$951
48 years$18,628$10,520$5,660$2,937$1,487$852
49 years$18,039$10,046$5,320$2,714$1,350$763
50 years$17,477$9,596$5,002$2,509$1,226$683

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 $5,237 every year, while hoping to spend $50,202 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: 72/11/17 Blend
69$17,900,000$17,900,000$17,900,000$17,900,000
70$19,731,202$18,782,502$18,505,052$21,073,626
71$21,690,370$19,649,430$19,071,557$22,832,647
72$23,847,691$20,557,155$19,655,357$24,751,807
73$26,223,322$21,507,623$20,256,979$26,852,251
74$28,839,478$22,502,874$20,876,964$29,151,936
75$31,720,636$23,545,045$21,515,873$31,670,627
76$34,893,766$24,636,378$22,174,281$34,430,084
77$38,388,591$25,779,221$22,852,780$37,454,266
78$42,237,862$26,976,037$23,551,982$40,769,549
79$46,477,668$28,229,407$24,272,517$44,404,978
80$51,147,777$29,542,035$25,015,034$48,392,533
81$56,292,013$30,916,758$25,780,201$52,767,429
82$61,958,667$32,356,548$26,568,706$57,568,446
83$68,200,953$33,864,521$27,381,260$62,838,293
84$75,077,512$35,443,943$28,218,593$68,624,000
85$82,652,961$37,098,239$29,081,459$74,977,367
86$90,998,508$38,830,998$29,970,633$81,955,445
87$100,192,622$40,645,983$30,886,915$89,621,066
88$110,321,772$42,547,139$31,831,129$98,043,441
89$121,481,244$44,538,600$32,804,124$107,298,798
90$133,776,043$46,624,703$33,806,774$117,471,108
91$147,321,877$48,809,992$34,839,979$128,652,861
92$162,246,259$51,099,231$35,904,668$140,945,942
93$178,689,699$53,497,416$37,001,797$154,462,585
94$196,807,042$56,009,783$38,132,351$169,326,426
95$216,768,921$58,641,822$39,297,344$185,673,663
96$238,763,369$61,399,290$40,497,823$203,654,340
97$262,997,597$64,288,220$41,734,865$223,433,750
98$289,699,948$67,314,938$43,009,579$245,193,996
99$319,122,051$70,486,079$44,323,109$269,135,697
100$351,541,200$73,808,596$45,676,632$295,479,878