Can I retire at age 70 with 19,000,000?

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,491,830
2 years$776,734$762,268$748,248$734,655$721,470$698,095
3 years$512,679$498,150$484,166$470,701$457,730$434,965
4 years$380,677$366,193$352,349$339,113$326,457$304,477
5 years$301,497$287,100$273,437$260,471$248,167$227,036
6 years$248,727$234,439$220,978$208,301$196,366$176,108
7 years$211,050$196,881$183,634$171,256$159,698$140,320
8 years$182,804$168,764$155,736$143,662$132,485$113,983
9 years$160,847$146,939$134,135$122,368$111,572$93,936
10 years$143,292$129,520$116,942$105,483$95,065$78,282
11 years$128,937$115,304$102,954$91,802$81,759$65,813
12 years$116,984$103,490$91,369$80,522$70,850$55,721
13 years$106,878$93,525$81,632$71,089$61,783$47,448
14 years$98,223$85,012$73,347$63,105$54,159$40,595
15 years$90,728$77,660$66,222$56,279$47,686$34,869
16 years$84,177$71,251$60,040$50,391$42,145$30,050
17 years$78,403$65,620$54,634$45,276$37,368$25,969
18 years$73,276$60,636$49,874$40,803$33,226$22,496
19 years$68,694$56,197$45,657$36,869$29,615$19,526
20 years$64,575$52,221$41,902$33,392$26,453$16,978
21 years$60,853$48,641$38,542$30,305$23,672$14,784
22 years$57,475$45,405$35,522$27,554$21,219$12,891
23 years$54,394$42,466$32,798$25,094$19,047$11,252
24 years$51,575$39,788$30,333$22,888$17,120$9,831
25 years$48,985$37,339$28,094$20,902$15,406$8,596
26 years$46,598$35,093$26,056$19,112$13,877$7,523
27 years$44,392$33,026$24,195$17,494$12,511$6,587
28 years$42,347$31,121$22,493$16,028$11,289$5,771
29 years$40,446$29,359$20,931$14,698$10,194$5,058
30 years$38,676$27,726$19,497$13,489$9,211$4,436
31 years$37,023$26,211$18,176$12,389$8,327$3,891
32 years$35,476$24,800$16,959$11,385$7,533$3,414
33 years$34,026$23,486$15,835$10,470$6,817$2,997
34 years$32,665$22,260$14,795$9,633$6,172$2,631
35 years$31,384$21,113$13,832$8,868$5,590$2,310
36 years$30,176$20,039$12,940$8,167$5,065$2,029
37 years$29,037$19,033$12,111$7,525$4,591$1,783
38 years$27,961$18,088$11,342$6,936$4,162$1,566
39 years$26,942$17,200$10,626$6,395$3,774$1,376
40 years$25,976$16,364$9,960$5,899$3,423$1,209
41 years$25,060$15,577$9,339$5,442$3,106$1,063
42 years$24,190$14,835$8,760$5,023$2,818$934
43 years$23,362$14,135$8,220$4,636$2,558$821
44 years$22,575$13,474$7,716$4,281$2,321$722
45 years$21,824$12,848$7,245$3,954$2,107$635
46 years$21,108$12,257$6,805$3,652$1,913$558
47 years$20,425$11,697$6,393$3,374$1,738$491
48 years$19,772$11,166$6,008$3,118$1,578$431
49 years$19,148$10,663$5,647$2,881$1,433$379
50 years$18,551$10,186$5,309$2,663$1,302$334

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,000,000, adding $5,809 every year, while hoping to spend $40,655 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: 44/36/20 Blend
69$19,000,000$19,000,000$19,000,000$19,000,000
70$20,943,992$19,936,992$19,642,492$21,744,017
71$23,037,023$20,870,648$20,257,259$23,241,953
72$25,342,180$21,848,691$20,891,258$24,860,167
73$27,881,057$22,873,252$21,545,090$26,613,378
74$30,677,451$23,946,567$22,219,376$28,514,095
75$33,757,581$25,070,978$22,914,756$30,576,050
76$37,150,342$26,248,944$23,631,887$32,814,316
77$40,887,573$27,483,039$24,371,452$35,245,447
78$45,004,360$28,775,963$25,134,151$37,887,618
79$49,539,367$30,130,547$25,920,707$40,760,796
80$54,535,199$31,549,760$26,731,867$43,886,913
81$60,038,803$33,036,712$27,568,399$47,290,070
82$66,101,918$34,594,668$28,431,097$50,996,747
83$72,781,553$36,227,046$29,320,778$55,036,051
84$80,140,535$37,937,435$30,238,287$59,439,970
85$88,248,093$39,729,593$31,184,494$64,243,676
86$97,180,519$41,607,463$32,160,295$69,485,833
87$107,021,883$43,575,180$33,166,615$75,208,959
88$117,864,827$45,637,076$34,204,409$81,459,807
89$129,811,444$47,797,697$35,274,661$88,289,800
90$142,974,234$50,061,807$36,378,385$95,755,497
91$157,477,172$52,434,402$37,516,627$103,919,113
92$173,456,876$54,920,720$38,690,467$112,849,093
93$191,063,897$57,526,255$39,901,017$122,620,741
94$210,464,138$60,256,765$41,149,425$133,316,913
95$231,840,423$63,118,289$42,436,873$145,028,780
96$255,394,221$66,117,160$43,764,583$157,856,675
97$281,347,547$69,260,017$45,133,813$171,911,017
98$309,945,061$72,553,821$46,545,859$187,313,333
99$341,456,373$76,005,875$48,002,062$204,197,387
100$376,178,592$79,623,832$49,503,800$222,710,415