Can I retire at age 70 with 17,500,000?

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 $17,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$1,445,134$1,432,261$1,419,702$1,407,444$1,395,475$1,365,625
2 years$715,413$702,089$689,176$676,656$664,512$634,584
3 years$472,204$458,823$445,942$433,540$421,594$392,522
4 years$350,624$337,283$324,532$312,341$300,684$272,693
5 years$277,695$264,434$251,850$239,908$228,575$201,743
6 years$229,091$215,930$203,532$191,856$180,864$155,219
7 years$194,388$181,338$169,136$157,736$147,091$122,639
8 years$168,372$155,440$143,441$132,321$122,026$98,759
9 years$148,149$135,339$123,546$112,708$102,763$80,664
10 years$131,979$119,294$107,710$97,155$87,560$66,606
11 years$118,758$106,201$94,826$84,554$75,304$55,469
12 years$107,749$95,320$84,156$74,165$65,257$46,510
13 years$98,440$86,142$75,188$65,477$56,905$39,214
14 years$90,468$78,300$67,556$58,123$49,883$33,212
15 years$83,566$71,529$60,994$51,836$43,921$28,234
16 years$77,532$65,626$55,300$46,413$38,817$24,077
17 years$72,213$60,439$50,321$41,702$34,418$20,585
18 years$67,491$55,849$45,937$37,582$30,603$17,638
19 years$63,271$51,760$42,053$33,958$27,277$15,141
20 years$59,477$48,098$38,594$30,756$24,364$13,018
21 years$56,049$44,801$35,499$27,913$21,803$11,208
22 years$52,937$41,820$32,718$25,379$19,544$9,660
23 years$50,100$39,114$30,209$23,113$17,544$8,334
24 years$47,503$36,647$27,938$21,081$15,769$7,196
25 years$45,118$34,391$25,877$19,252$14,189$6,218
26 years$42,919$32,322$23,999$17,603$12,781$5,377
27 years$40,887$30,419$22,285$16,113$11,523$4,651
28 years$39,004$28,664$20,717$14,763$10,398$4,026
29 years$37,253$27,041$19,279$13,538$9,389$3,486
30 years$35,622$25,537$17,958$12,424$8,483$3,019
31 years$34,100$24,141$16,741$11,411$7,670$2,616
32 years$32,675$22,843$15,620$10,487$6,938$2,267
33 years$31,340$21,632$14,585$9,643$6,279$1,965
34 years$30,086$20,502$13,627$8,873$5,685$1,703
35 years$28,906$19,446$12,740$8,168$5,149$1,477
36 years$27,794$18,457$11,918$7,522$4,665$1,281
37 years$26,745$17,530$11,155$6,931$4,228$1,111
38 years$25,753$16,660$10,446$6,388$3,833$964
39 years$24,815$15,842$9,787$5,890$3,476$836
40 years$23,925$15,072$9,173$5,433$3,153$725
41 years$23,082$14,347$8,602$5,013$2,860$629
42 years$22,280$13,664$8,069$4,626$2,596$546
43 years$21,518$13,019$7,571$4,270$2,356$474
44 years$20,792$12,410$7,107$3,943$2,138$411
45 years$20,101$11,834$6,673$3,641$1,941$357
46 years$19,442$11,289$6,268$3,364$1,762$310
47 years$18,813$10,773$5,888$3,108$1,600$269
48 years$18,211$10,285$5,534$2,872$1,453$233
49 years$17,636$9,821$5,201$2,654$1,320$203
50 years$17,086$9,382$4,890$2,453$1,199$176

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $17,500,000, adding $2,073 every year, while hoping to spend $23,708 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: 55/17/28 Blend
69$17,500,000$17,500,000$17,500,000$17,500,000
70$19,287,138$18,359,638$18,088,388$20,198,269
71$21,229,201$19,234,035$18,669,124$21,701,357
72$23,368,560$20,150,483$19,268,520$23,334,965
73$25,725,314$21,111,018$19,887,176$25,113,773
74$28,321,611$22,117,773$20,525,712$27,051,765
75$31,181,859$23,172,987$21,184,766$29,164,319
76$34,332,952$24,279,007$21,865,000$31,468,345
77$37,804,529$25,438,294$22,567,093$33,982,444
78$41,629,249$26,653,429$23,291,749$36,727,074
79$45,843,104$27,927,118$24,039,694$39,724,741
80$50,485,754$29,262,200$24,811,677$43,000,208
81$55,600,903$30,661,651$25,608,471$46,580,718
82$61,236,714$32,128,591$26,430,873$50,496,249
83$67,446,260$33,666,293$27,279,709$54,779,792
84$74,288,028$35,278,190$28,155,828$59,467,653
85$81,826,466$36,967,881$29,060,108$64,599,791
86$90,132,598$38,739,139$29,993,454$70,220,189
87$99,284,691$40,595,925$30,956,802$76,377,260
88$109,368,991$42,542,388$31,951,117$83,124,298
89$120,480,545$44,582,881$32,977,396$90,519,976
90$132,724,088$46,721,969$34,036,666$98,628,885
91$146,215,040$48,964,441$35,129,990$107,522,143
92$161,080,591$51,315,316$36,258,462$117,278,052
93$177,460,905$53,779,860$37,423,214$127,982,830
94$195,510,439$56,363,595$38,625,413$139,731,419
95$215,399,404$59,072,311$39,866,264$152,628,363
96$237,315,371$61,912,082$41,147,012$166,788,793
97$261,465,040$64,889,275$42,468,938$182,339,497
98$288,076,197$68,010,572$43,833,370$199,420,110
99$317,399,855$71,282,977$45,241,675$218,184,418
100$349,712,633$74,713,836$46,695,264$238,801,798