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%15.8%
1 years$1,585,518$1,571,395$1,557,616$1,544,167$1,531,035$1,494,630
2 years$784,910$770,292$756,124$742,388$729,064$692,599
3 years$518,075$503,394$489,263$475,655$462,548$427,163
4 years$384,684$370,048$356,058$342,683$329,893$295,861
5 years$304,671$290,122$276,316$263,213$250,780$218,195
6 years$251,346$236,907$223,304$210,494$198,433$167,329
7 years$213,271$198,954$185,567$173,059$161,380$131,760
8 years$184,728$170,540$157,375$145,175$133,880$105,733
9 years$162,540$148,486$135,547$123,656$112,746$86,050
10 years$144,800$130,883$118,173$106,593$96,065$70,790
11 years$130,295$116,517$104,038$92,768$82,619$58,729
12 years$118,216$104,580$92,331$81,370$71,596$49,051
13 years$108,003$94,510$82,492$71,837$62,433$41,191
14 years$99,257$85,907$74,119$63,769$54,729$34,744
15 years$91,683$78,477$66,919$56,871$48,187$29,413
16 years$85,063$72,001$60,672$50,922$42,588$24,976
17 years$79,228$66,311$55,209$45,753$37,762$21,261
18 years$74,047$61,274$50,399$41,233$33,576$18,137
19 years$69,417$56,788$46,138$37,257$29,927$15,500
20 years$65,255$52,770$42,343$33,743$26,731$13,267
21 years$61,494$49,153$38,947$30,624$23,921$11,369
22 years$58,080$45,883$35,896$27,845$21,442$9,754
23 years$54,967$42,913$33,144$25,359$19,248$8,376
24 years$52,118$40,207$30,652$23,128$17,300$7,198
25 years$49,501$37,732$28,390$21,122$15,568$6,190
26 years$47,089$35,462$26,330$19,313$14,023$5,327
27 years$44,859$33,374$24,450$17,678$12,643$4,586
28 years$42,793$31,448$22,730$16,197$11,408$3,950
29 years$40,872$29,668$21,152$14,853$10,301$3,403
30 years$39,083$28,018$19,702$13,631$9,308$2,933
31 years$37,412$26,486$18,368$12,519$8,415$2,528
32 years$35,850$25,062$17,137$11,505$7,612$2,180
33 years$34,384$23,734$16,001$10,580$6,889$1,880
34 years$33,008$22,494$14,951$9,735$6,237$1,622
35 years$31,714$21,335$13,978$8,961$5,649$1,399
36 years$30,494$20,250$13,076$8,253$5,118$1,208
37 years$29,343$19,233$12,239$7,604$4,639$1,042
38 years$28,255$18,278$11,461$7,009$4,206$899
39 years$27,225$17,381$10,738$6,463$3,814$776
40 years$26,249$16,537$10,065$5,961$3,459$670
41 years$25,324$15,741$9,437$5,500$3,138$578
42 years$24,444$14,991$8,853$5,075$2,848$499
43 years$23,608$14,284$8,307$4,685$2,584$431
44 years$22,812$13,615$7,798$4,326$2,346$372
45 years$22,054$12,984$7,322$3,995$2,130$321
46 years$21,331$12,386$6,877$3,690$1,934$277
47 years$20,640$11,820$6,460$3,410$1,756$240
48 years$19,980$11,284$6,071$3,151$1,595$207
49 years$19,350$10,775$5,706$2,912$1,448$179
50 years$18,746$10,293$5,365$2,691$1,315$154

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 $3,798 every year, while hoping to spend $43,633 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: 43/48/9 Blend
69$19,200,000$19,200,000$19,200,000$19,200,000
70$21,162,318$20,144,718$19,847,118$22,017,048
71$23,274,449$21,085,384$20,465,571$23,552,616
72$25,600,555$22,070,680$21,103,280$25,210,400
73$28,162,416$23,102,747$21,760,844$27,005,300
74$30,984,030$24,183,830$22,438,880$28,949,874
75$34,091,844$25,316,280$23,138,026$31,057,898
76$37,515,000$26,502,566$23,858,937$33,344,485
77$41,285,609$27,745,271$24,602,291$35,826,216
78$45,439,060$29,047,108$25,368,786$38,521,291
79$50,014,345$30,410,917$26,159,142$41,449,684
80$55,054,436$31,839,679$26,974,100$44,633,326
81$60,606,682$33,336,517$27,814,426$48,096,301
82$66,723,263$34,904,707$28,680,909$51,865,055
83$73,461,679$36,547,680$29,574,363$55,968,640
84$80,885,291$38,269,037$30,495,625$60,438,971
85$89,063,923$40,072,552$31,445,560$65,311,116
86$98,074,518$41,962,182$32,425,062$70,623,610
87$108,001,865$43,942,076$33,435,047$76,418,807
88$118,939,400$46,016,582$34,476,466$82,743,259
89$130,990,085$48,190,261$35,550,294$89,648,144
90$144,267,385$50,467,894$36,657,540$97,189,729
91$158,896,333$52,854,496$37,799,242$105,429,885
92$175,014,714$55,355,322$38,976,472$114,436,649
93$192,774,365$57,975,883$40,190,334$124,284,847
94$212,342,608$60,721,958$41,441,968$135,056,783
95$233,903,827$63,599,607$42,732,547$146,842,989
96$257,661,212$66,615,182$44,063,281$159,743,061
97$283,838,674$69,775,345$45,435,420$173,866,572
98$312,682,963$73,087,081$46,850,251$189,334,082
99$344,465,990$76,557,713$48,309,099$206,278,253
100$379,487,401$80,194,921$49,813,334$224,845,068