Can I retire at age 70 with 19,200,000?

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 $19,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,490,998
2 years$784,910$770,292$756,124$742,388$729,064$689,001
3 years$518,075$503,394$489,263$475,655$462,548$423,712
4 years$384,684$370,048$356,058$342,683$329,893$292,582
5 years$304,671$290,122$276,316$263,213$250,780$215,097
6 years$251,346$236,907$223,304$210,494$198,433$164,414
7 years$213,271$198,954$185,567$173,059$161,380$129,026
8 years$184,728$170,540$157,375$145,175$133,880$103,177
9 years$162,540$148,486$135,547$123,656$112,746$83,666
10 years$144,800$130,883$118,173$106,593$96,065$68,572
11 years$130,295$116,517$104,038$92,768$82,619$56,672
12 years$118,216$104,580$92,331$81,370$71,596$47,147
13 years$108,003$94,510$82,492$71,837$62,433$39,433
14 years$99,257$85,907$74,119$63,769$54,729$33,125
15 years$91,683$78,477$66,919$56,871$48,187$27,925
16 years$85,063$72,001$60,672$50,922$42,588$23,610
17 years$79,228$66,311$55,209$45,753$37,762$20,012
18 years$74,047$61,274$50,399$41,233$33,576$16,996
19 years$69,417$56,788$46,138$37,257$29,927$14,460
20 years$65,255$52,770$42,343$33,743$26,731$12,320
21 years$61,494$49,153$38,947$30,624$23,921$10,510
22 years$58,080$45,883$35,896$27,845$21,442$8,974
23 years$54,967$42,913$33,144$25,359$19,248$7,670
24 years$52,118$40,207$30,652$23,128$17,300$6,561
25 years$49,501$37,732$28,390$21,122$15,568$5,615
26 years$47,089$35,462$26,330$19,313$14,023$4,808
27 years$44,859$33,374$24,450$17,678$12,643$4,120
28 years$42,793$31,448$22,730$16,197$11,408$3,531
29 years$40,872$29,668$21,152$14,853$10,301$3,027
30 years$39,083$28,018$19,702$13,631$9,308$2,596
31 years$37,412$26,486$18,368$12,519$8,415$2,227
32 years$35,850$25,062$17,137$11,505$7,612$1,911
33 years$34,384$23,734$16,001$10,580$6,889$1,640
34 years$33,008$22,494$14,951$9,735$6,237$1,407
35 years$31,714$21,335$13,978$8,961$5,649$1,208
36 years$30,494$20,250$13,076$8,253$5,118$1,037
37 years$29,343$19,233$12,239$7,604$4,639$891
38 years$28,255$18,278$11,461$7,009$4,206$765
39 years$27,225$17,381$10,738$6,463$3,814$657
40 years$26,249$16,537$10,065$5,961$3,459$564
41 years$25,324$15,741$9,437$5,500$3,138$484
42 years$24,444$14,991$8,853$5,075$2,848$416
43 years$23,608$14,284$8,307$4,685$2,584$357
44 years$22,812$13,615$7,798$4,326$2,346$307
45 years$22,054$12,984$7,322$3,995$2,130$264
46 years$21,331$12,386$6,877$3,690$1,934$226
47 years$20,640$11,820$6,460$3,410$1,756$194
48 years$19,980$11,284$6,071$3,151$1,595$167
49 years$19,350$10,775$5,706$2,912$1,448$144
50 years$18,746$10,293$5,365$2,691$1,315$123

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,200,000, adding $2,135 every year, while hoping to spend $53,696 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: 59/30/11 Blend
69$19,200,000$19,200,000$19,200,000$19,200,000
70$21,160,602$20,143,002$19,845,402$22,353,155
71$23,261,852$21,072,877$20,453,091$24,085,723
72$25,575,629$22,046,516$21,079,338$25,967,835
73$28,123,555$23,066,008$21,724,708$28,018,795
74$30,929,454$24,133,539$22,389,782$30,254,846
75$34,019,580$25,251,404$23,075,162$32,693,849
76$37,422,862$26,422,008$23,781,464$35,355,440
77$41,171,177$27,647,869$24,509,326$38,261,210
78$45,299,652$28,931,630$25,259,404$41,434,904
79$49,846,996$30,276,059$26,032,373$44,902,639
80$54,855,863$31,684,059$26,828,931$48,693,139
81$60,373,254$33,158,671$27,649,793$52,838,004
82$66,450,966$34,703,086$28,495,701$57,371,997
83$73,146,073$36,320,645$29,367,415$62,333,367
84$80,521,469$38,014,854$30,265,721$67,764,199
85$88,646,463$39,789,386$31,191,427$73,710,803
86$97,597,428$41,648,091$32,145,365$80,224,143
87$107,458,525$43,595,008$33,128,395$87,360,307
88$118,322,499$45,634,367$34,141,400$95,181,027
89$130,291,549$47,770,606$35,185,292$103,754,253
90$143,478,297$50,008,375$36,261,009$113,154,779
91$158,006,848$52,352,551$37,369,518$123,464,941
92$174,013,966$54,808,246$38,511,816$134,775,381
93$191,650,358$57,380,817$39,688,930$147,185,889
94$211,082,102$60,075,884$40,901,916$160,806,336
95$232,492,210$62,899,337$42,151,864$175,757,690
96$256,082,362$65,857,350$43,439,898$192,173,149
97$282,074,801$68,956,398$44,767,172$210,199,382
98$310,714,438$72,203,269$46,134,880$229,997,896
99$342,271,160$75,605,079$47,544,248$251,746,546
100$377,042,379$79,169,289$48,996,541$275,641,195