Can I retire at age 70 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,327,940
2 years$707,237$694,065$681,300$668,923$656,917$605,536
3 years$466,808$453,579$440,846$428,585$416,775$367,215
4 years$346,617$333,429$320,823$308,772$297,248$249,886
5 years$274,521$261,412$248,972$237,166$225,963$180,923
6 years$226,473$213,463$201,206$189,664$178,797$136,110
7 years$192,166$179,266$167,203$155,933$145,410$105,064
8 years$166,448$153,664$141,802$130,808$120,631$82,590
9 years$146,455$133,792$122,134$111,420$101,589$65,798
10 years$130,471$117,931$106,479$96,045$86,559$52,954
11 years$117,401$104,987$93,742$83,588$74,444$42,952
12 years$106,517$94,231$83,194$73,318$64,511$35,053
13 years$97,315$85,157$74,328$64,729$56,255$28,746
14 years$89,434$77,405$66,784$57,459$49,313$23,666
15 years$82,611$70,711$60,297$51,243$43,419$19,546
16 years$76,646$64,876$54,668$45,883$38,374$16,184
17 years$71,388$59,749$49,746$41,225$34,025$13,428
18 years$66,719$55,210$45,412$37,152$30,253$11,161
19 years$62,547$51,168$41,572$33,570$26,965$9,290
20 years$58,797$47,548$38,153$30,404$24,086$7,742
21 years$55,409$44,289$35,093$27,594$21,554$6,458
22 years$52,332$41,342$32,344$25,089$19,320$5,391
23 years$49,527$38,667$29,864$22,849$17,343$4,504
24 years$46,960$36,228$27,619$20,840$15,588$3,764
25 years$44,602$33,998$25,581$19,032$14,027$3,148
26 years$42,429$31,953$23,725$17,402$12,635$2,633
27 years$40,420$30,071$22,031$15,928$11,392$2,204
28 years$38,558$28,336$20,480$14,594$10,279$1,845
29 years$36,827$26,732$19,059$13,383$9,282$1,544
30 years$35,215$25,246$17,752$12,282$8,386$1,293
31 years$33,710$23,865$16,550$11,280$7,582$1,083
32 years$32,302$22,581$15,442$10,367$6,859$907
33 years$30,982$21,385$14,418$9,533$6,207$760
34 years$29,742$20,268$13,471$8,771$5,620$637
35 years$28,576$19,224$12,595$8,074$5,090$534
36 years$27,476$18,246$11,782$7,436$4,612$447
37 years$26,439$17,330$11,028$6,852$4,180$375
38 years$25,459$16,470$10,327$6,315$3,789$314
39 years$24,531$15,661$9,675$5,823$3,436$263
40 years$23,652$14,900$9,069$5,371$3,117$221
41 years$22,818$14,184$8,503$4,955$2,828$185
42 years$22,025$13,508$7,977$4,573$2,566$155
43 years$21,272$12,870$7,485$4,222$2,329$130
44 years$20,555$12,268$7,026$3,898$2,114$109
45 years$19,872$11,699$6,597$3,600$1,919$91
46 years$19,220$11,160$6,196$3,325$1,742$76
47 years$18,598$10,650$5,821$3,072$1,582$64
48 years$18,003$10,167$5,470$2,839$1,437$54
49 years$17,435$9,709$5,142$2,624$1,305$45
50 years$16,891$9,274$4,834$2,425$1,185$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,300,000, adding $5,993 every year, while hoping to spend $23,228 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: 58/21/21 Blend
69$17,300,000$17,300,000$17,300,000$17,300,000
70$19,070,782$18,153,882$17,885,732$20,069,756
71$20,991,287$19,018,708$18,460,189$21,614,820
72$23,106,905$19,925,131$19,053,113$23,295,459
73$25,437,514$20,875,167$19,665,096$25,127,257
74$28,005,016$21,870,926$20,296,753$27,124,813
75$30,833,549$22,914,622$20,948,715$29,304,178
76$33,949,711$24,008,579$21,621,637$31,683,006
77$37,382,812$25,155,230$22,316,193$34,280,716
78$41,165,152$26,357,130$23,033,078$37,118,664
79$45,332,324$27,616,955$23,773,013$40,220,346
80$49,923,549$28,937,514$24,536,737$43,611,610
81$54,982,050$30,321,751$25,325,016$47,320,898
82$60,555,457$31,772,754$26,138,642$51,379,505
83$66,696,256$33,293,762$26,978,429$55,821,867
84$73,462,287$34,888,169$27,845,219$60,685,886
85$80,917,288$36,559,537$28,739,882$66,013,272
86$89,131,497$38,311,600$29,663,314$71,849,937
87$98,182,316$40,148,275$30,616,441$78,246,417
88$108,155,040$42,073,668$31,600,219$85,258,340
89$119,143,663$44,092,087$32,615,635$92,946,947
90$131,251,765$46,208,047$33,663,707$101,379,659
91$144,593,489$48,426,286$34,745,486$110,630,703
92$159,294,622$50,751,771$35,862,057$120,781,806
93$175,493,778$53,189,712$37,014,540$131,922,955
94$193,343,707$55,745,572$38,204,091$144,153,238
95$213,012,740$58,425,080$39,431,903$157,581,766
96$234,686,376$61,234,245$40,699,208$172,328,693
97$258,569,032$64,179,369$42,007,278$188,526,339
98$284,885,976$67,267,060$43,357,423$206,320,426
99$313,885,449$70,504,250$44,751,001$225,871,443
100$345,841,013$73,898,206$46,189,408$247,356,142