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%15.5%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,395,132
2 years$731,765$718,137$704,928$692,122$679,701$647,393
3 years$482,997$469,310$456,135$443,449$431,230$399,863
4 years$358,638$344,993$331,950$319,480$307,557$277,372
5 years$284,042$270,478$257,607$245,392$233,800$204,882
6 years$234,327$220,866$208,184$196,242$184,998$157,377
7 years$198,831$185,483$173,002$161,341$150,453$124,133
8 years$172,221$158,993$146,720$135,345$124,815$99,788
9 years$151,535$138,432$126,370$115,284$105,112$81,358
10 years$134,996$122,021$110,172$99,376$89,561$67,054
11 years$121,473$108,628$96,994$86,487$77,025$55,736
12 years$110,211$97,499$86,079$75,860$66,749$46,643
13 years$100,690$88,110$76,906$66,973$58,206$39,248
14 years$92,536$80,090$69,101$59,452$51,023$33,173
15 years$85,476$73,164$62,388$53,020$44,925$28,142
16 years$79,304$67,126$56,564$47,474$39,705$23,947
17 years$73,864$61,821$51,471$42,655$35,205$20,430
18 years$69,033$57,125$46,987$38,441$31,303$17,466
19 years$64,717$52,943$43,014$34,734$27,901$14,960
20 years$60,836$49,197$39,476$31,459$24,921$12,834
21 years$57,330$45,825$36,310$28,551$22,302$11,023
22 years$54,147$42,776$33,466$25,959$19,990$9,479
23 years$51,245$40,008$30,900$23,642$17,945$8,159
24 years$48,589$37,485$28,577$21,562$16,129$7,029
25 years$46,149$35,177$26,468$19,692$14,514$6,059
26 years$43,900$33,061$24,548$18,005$13,073$5,226
27 years$41,822$31,114$22,795$16,481$11,787$4,510
28 years$39,895$29,319$21,191$15,100$10,635$3,894
29 years$38,105$27,659$19,720$13,847$9,603$3,363
30 years$36,437$26,121$18,368$12,708$8,677$2,906
31 years$34,879$24,693$17,124$11,671$7,845$2,511
32 years$33,422$23,365$15,977$10,726$7,096$2,171
33 years$32,056$22,127$14,918$9,864$6,422$1,877
34 years$30,773$20,971$13,938$9,075$5,815$1,623
35 years$29,567$19,891$13,031$8,354$5,267$1,404
36 years$28,429$18,879$12,191$7,694$4,772$1,215
37 years$27,356$17,931$11,410$7,089$4,325$1,051
38 years$26,342$17,041$10,685$6,534$3,921$909
39 years$25,382$16,204$10,011$6,025$3,556$787
40 years$24,472$15,417$9,383$5,557$3,225$681
41 years$23,609$14,675$8,798$5,127$2,926$589
42 years$22,789$13,976$8,253$4,732$2,655$510
43 years$22,010$13,317$7,745$4,368$2,409$441
44 years$21,268$12,694$7,270$4,033$2,187$382
45 years$20,561$12,104$6,826$3,725$1,985$331
46 years$19,886$11,547$6,411$3,441$1,803$286
47 years$19,243$11,020$6,023$3,179$1,637$248
48 years$18,628$10,520$5,660$2,937$1,487$215
49 years$18,039$10,046$5,320$2,714$1,350$186
50 years$17,477$9,596$5,002$2,509$1,226$161

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 $6,548 every year, while hoping to spend $44,886 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: 34/40/26 Blend
69$17,900,000$17,900,000$17,900,000$17,900,000
70$19,732,554$18,783,854$18,506,404$20,247,529
71$21,697,516$19,656,505$19,078,610$21,507,117
72$23,861,400$20,570,411$19,668,481$22,859,954
73$26,244,449$21,527,546$20,276,561$24,317,944
74$28,868,967$22,529,981$20,903,410$25,890,462
75$31,759,536$23,579,884$21,549,608$27,587,783
76$34,943,239$24,679,529$22,215,751$29,421,170
77$38,449,923$25,831,300$22,902,452$31,402,972
78$42,312,477$27,037,695$23,610,346$33,546,730
79$46,567,143$28,301,335$24,340,086$35,867,297
80$51,253,856$29,624,965$25,092,343$38,380,970
81$56,416,625$31,011,464$25,867,813$41,105,634
82$62,103,945$32,463,850$26,667,209$44,060,915
83$68,369,256$33,985,287$27,491,269$47,268,363
84$75,271,446$35,579,092$28,340,752$50,751,638
85$82,875,408$37,248,742$29,216,442$54,536,724
86$91,252,652$38,997,883$30,119,145$58,652,161
87$100,481,979$40,830,335$31,049,692$63,129,300
88$110,650,226$42,750,107$32,008,943$68,002,591
89$121,853,086$44,761,399$32,997,779$73,309,888
90$134,196,008$46,868,615$34,017,112$79,092,792
91$147,795,197$49,076,373$35,067,881$85,397,035
92$162,778,705$51,389,514$36,151,053$92,272,885
93$179,287,646$53,813,113$37,267,627$99,775,613
94$197,477,522$56,352,492$38,418,629$107,965,993
95$217,519,696$59,013,231$39,605,119$116,910,855
96$239,603,005$61,801,179$40,828,190$126,683,703
97$263,935,544$64,722,469$42,088,968$137,365,382
98$290,746,633$67,783,534$43,388,612$149,044,823
99$320,288,978$70,991,115$44,728,318$161,819,862
100$352,841,057$74,352,283$46,109,320$175,798,135