Can I retire at age 70 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,350,671
2 years$711,325$698,077$685,238$672,789$660,714$623,867
3 years$469,506$456,201$443,394$431,063$419,184$383,471
4 years$348,620$335,356$322,677$310,556$298,966$264,661
5 years$276,108$262,923$250,411$238,537$227,269$194,468
6 years$227,782$214,697$202,369$190,760$179,830$148,565
7 years$193,277$180,302$168,170$156,834$146,250$116,522
8 years$167,410$154,552$142,621$131,564$121,329$93,123
9 years$147,302$134,565$122,840$112,064$102,176$75,468
10 years$131,225$118,613$107,094$96,600$87,059$61,815
11 years$118,079$105,594$94,284$84,071$74,874$51,054
12 years$107,133$94,775$83,675$73,741$64,884$42,446
13 years$97,878$85,649$74,758$65,103$56,580$35,477
14 years$89,951$77,853$67,170$57,791$49,598$29,781
15 years$83,088$71,120$60,646$51,539$43,670$25,088
16 years$77,089$65,251$54,984$46,148$38,596$21,197
17 years$71,800$60,094$50,034$41,463$34,221$17,953
18 years$67,105$55,529$45,674$37,367$30,428$15,237
19 years$62,909$51,464$41,813$33,764$27,121$12,953
20 years$59,137$47,823$38,373$30,580$24,225$11,028
21 years$55,729$44,545$35,296$27,753$21,679$9,400
22 years$52,635$41,581$32,531$25,234$19,432$8,021
23 years$49,814$38,890$30,036$22,981$17,443$6,850
24 years$47,232$36,438$27,779$20,960$15,678$5,854
25 years$44,860$34,195$25,729$19,142$14,108$5,006
26 years$42,674$32,138$23,862$17,502$12,708$4,284
27 years$40,654$30,245$22,158$16,020$11,457$3,667
28 years$38,781$28,500$20,599$14,678$10,338$3,140
29 years$37,040$26,886$19,169$13,460$9,335$2,690
30 years$35,419$25,391$17,855$12,353$8,435$2,305
31 years$33,905$24,003$16,646$11,345$7,626$1,976
32 years$32,489$22,712$15,531$10,427$6,898$1,694
33 years$31,161$21,509$14,501$9,588$6,243$1,452
34 years$29,914$20,385$13,549$8,822$5,652$1,246
35 years$28,741$19,335$12,667$8,121$5,119$1,068
36 years$27,635$18,352$11,850$7,479$4,639$916
37 years$26,592$17,430$11,091$6,891$4,204$786
38 years$25,606$16,565$10,387$6,352$3,811$674
39 years$24,673$15,751$9,731$5,857$3,456$579
40 years$23,789$14,986$9,121$5,402$3,135$497
41 years$22,950$14,266$8,553$4,984$2,844$426
42 years$22,153$13,586$8,023$4,600$2,581$366
43 years$21,395$12,945$7,528$4,246$2,342$314
44 years$20,674$12,339$7,066$3,920$2,126$269
45 years$19,986$11,766$6,635$3,621$1,930$231
46 years$19,331$11,225$6,232$3,344$1,752$198
47 years$18,705$10,712$5,855$3,090$1,591$170
48 years$18,107$10,226$5,502$2,855$1,445$146
49 years$17,536$9,765$5,171$2,639$1,312$125
50 years$16,988$9,328$4,862$2,439$1,192$108

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,400,000, adding $5,114 every year, while hoping to spend $38,018 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: 81/6/13 Blend
69$17,400,000$17,400,000$17,400,000$17,400,000
70$19,180,075$18,257,875$17,988,175$20,685,996
71$21,095,992$19,112,060$18,550,328$22,529,584
72$23,206,058$20,006,826$19,130,039$24,547,389
73$25,530,037$20,944,121$19,727,856$26,761,250
74$28,089,705$21,925,988$20,344,344$29,190,810
75$30,909,061$22,954,568$20,980,086$31,857,704
76$34,014,550$24,032,105$21,635,683$34,785,757
77$37,435,310$25,160,955$22,311,754$38,001,213
78$41,203,452$26,343,583$23,008,939$41,532,976
79$45,354,363$27,582,576$23,727,896$45,412,881
80$49,927,033$28,880,647$24,469,306$49,675,998
81$54,964,430$30,240,640$25,233,868$54,360,952
82$60,513,905$31,665,534$26,022,306$59,510,294
83$66,627,634$33,158,456$26,835,364$65,170,895
84$73,363,115$34,722,682$27,673,811$71,394,388
85$80,783,708$36,361,649$28,538,438$78,237,652
86$88,959,234$38,078,958$29,430,064$85,763,349
87$97,966,635$39,878,386$30,349,530$94,040,509
88$107,890,698$41,763,893$31,297,706$103,145,180
89$118,824,857$43,739,631$32,275,486$113,161,146
90$130,872,073$45,809,953$33,283,796$124,180,709
91$144,145,808$47,979,425$34,323,587$136,305,565
92$158,771,095$50,252,831$35,395,841$149,647,752
93$174,885,717$52,635,190$36,501,572$164,330,712
94$192,641,509$55,131,764$37,641,824$180,490,447
95$212,205,793$57,748,069$38,817,674$198,276,803
96$233,762,950$60,489,891$40,030,233$217,854,878
97$257,516,171$63,363,296$41,280,646$239,406,578
98$283,689,367$66,374,644$42,570,094$263,132,331
99$312,529,285$69,530,604$43,899,795$289,252,971
100$344,307,838$72,838,169$45,271,004$318,011,823