Can I retire at age 70 with 17,200,000?

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 $17,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,354,975
2 years$703,148$690,053$677,361$665,056$653,120$636,437
3 years$464,109$450,957$438,298$426,108$414,366$398,096
4 years$344,613$331,501$318,968$306,987$295,529$279,797
5 years$272,934$259,901$247,533$235,795$224,657$209,508
6 years$225,164$212,229$200,043$188,567$177,763$163,216
7 years$191,055$178,229$166,237$155,032$144,569$130,630
8 years$165,486$152,776$140,982$130,052$119,934$106,601
9 years$145,609$133,019$121,428$110,776$101,002$88,270
10 years$129,717$117,249$105,863$95,490$86,059$73,919
11 years$116,722$104,380$93,200$83,105$74,013$62,455
12 years$105,901$93,686$82,713$72,894$64,138$53,149
13 years$96,753$84,665$73,899$64,354$55,930$45,495
14 years$88,917$76,958$66,398$57,127$49,028$39,133
15 years$82,133$70,302$59,949$50,947$43,168$33,797
16 years$76,202$64,501$54,352$45,617$38,152$29,289
17 years$70,975$59,403$49,458$40,987$33,828$25,455
18 years$66,334$54,891$45,149$36,937$30,078$22,177
19 years$62,186$50,873$41,332$33,376$26,810$19,363
20 years$58,457$47,273$37,932$30,229$23,947$16,936
21 years$55,088$44,033$34,890$27,434$21,430$14,836
22 years$52,030$41,103$32,157$24,944$19,209$13,015
23 years$49,241$38,443$29,691$22,717$17,243$11,431
24 years$46,689$36,019$27,459$20,719$15,498$10,049
25 years$44,344$33,802$25,433$18,922$13,946$8,843
26 years$42,184$31,768$23,588$17,301$12,562$7,788
27 years$40,186$29,898$21,903$15,836$11,326$6,863
28 years$38,335$28,172$20,362$14,509$10,219$6,052
29 years$36,615$26,577$18,949$13,305$9,228$5,339
30 years$35,012$25,100$17,650$12,211$8,338$4,713
31 years$33,515$23,727$16,454$11,215$7,538$4,161
32 years$32,115$22,451$15,352$10,307$6,819$3,676
33 years$30,803$21,261$14,334$9,478$6,171$3,248
34 years$29,570$20,151$13,393$8,721$5,587$2,871
35 years$28,410$19,113$12,522$8,028$5,061$2,538
36 years$27,318$18,141$11,714$7,393$4,585$2,244
37 years$26,286$17,230$10,964$6,812$4,156$1,985
38 years$25,312$16,374$10,267$6,279$3,768$1,756
39 years$24,389$15,570$9,619$5,789$3,417$1,553
40 years$23,515$14,814$9,016$5,340$3,099$1,375
41 years$22,686$14,102$8,454$4,927$2,811$1,216
42 years$21,898$13,430$7,930$4,547$2,551$1,077
43 years$21,149$12,796$7,442$4,197$2,315$953
44 years$20,436$12,197$6,985$3,875$2,102$843
45 years$19,757$11,631$6,559$3,579$1,908$747
46 years$19,109$11,096$6,160$3,306$1,732$661
47 years$18,490$10,589$5,788$3,054$1,573$585
48 years$17,899$10,108$5,439$2,822$1,428$518
49 years$17,334$9,653$5,112$2,608$1,297$459
50 years$16,793$9,221$4,806$2,411$1,178$406

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,200,000, adding $5,113 every year, while hoping to spend $46,907 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: 79/12/9 Blend
69$17,200,000$17,200,000$17,200,000$17,200,000
70$18,959,674$18,048,074$17,781,474$20,431,277
71$20,843,652$18,882,521$18,327,245$22,232,173
72$22,918,224$19,756,284$18,889,727$24,200,702
73$25,202,780$20,671,239$19,469,430$26,358,832
74$27,718,689$21,629,355$20,066,881$28,725,461
75$30,489,494$22,632,692$20,682,621$31,321,397
76$33,541,142$23,683,414$21,317,208$34,169,551
77$36,902,223$24,783,785$21,971,218$37,295,152
78$40,604,239$25,936,181$22,645,244$40,725,981
79$44,681,909$27,143,090$23,339,897$44,492,632
80$49,173,485$28,407,124$24,055,805$48,628,796
81$54,121,125$29,731,017$24,793,619$53,171,577
82$59,571,279$31,117,636$25,554,005$58,161,839
83$65,575,138$32,569,989$26,337,652$63,644,590
84$72,189,110$34,091,226$27,145,271$69,669,400
85$79,475,354$35,684,651$27,977,593$76,290,867
86$87,502,368$37,353,727$28,835,370$83,569,132
87$96,345,634$39,102,084$29,719,380$91,570,435
88$106,088,331$40,933,529$30,630,421$100,367,746
89$116,822,120$42,852,050$31,569,319$110,041,441
90$128,648,007$44,861,832$32,536,922$120,680,061
91$141,677,301$46,967,259$33,534,107$132,381,142
92$156,032,660$49,172,929$34,561,773$145,252,130
93$171,849,250$51,483,661$35,620,851$159,411,392
94$189,276,022$53,904,508$36,712,298$174,989,326
95$208,477,116$56,440,769$37,837,100$192,129,590
96$229,633,412$59,097,998$38,996,273$210,990,447
97$252,944,237$61,882,016$40,190,865$231,746,257
98$278,629,245$64,798,931$41,421,955$254,589,118
99$306,930,492$67,855,142$42,690,654$279,730,666
100$338,114,719$71,057,361$43,998,108$307,404,074