Can I retire at age 70 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,498,063
2 years$793,086$778,316$764,001$750,121$736,659$687,816
3 years$523,472$508,638$494,359$480,610$467,367$420,133
4 years$388,691$373,903$359,767$346,252$333,330$288,068
5 years$307,844$293,144$279,194$265,955$253,392$210,224
6 years$253,964$239,374$225,630$212,686$200,500$159,462
7 years$215,493$201,026$187,500$174,861$163,061$124,149
8 years$186,653$172,317$159,015$146,687$135,274$98,462
9 years$164,233$150,033$136,959$124,945$113,921$79,167
10 years$146,308$132,246$119,404$107,703$97,066$64,319
11 years$131,652$117,731$105,121$93,734$83,480$52,680
12 years$119,447$105,669$93,293$82,218$72,342$43,424
13 years$109,128$95,494$83,351$72,586$63,084$35,977
14 years$100,290$86,801$74,891$64,434$55,299$29,931
15 years$92,638$79,295$67,617$57,463$48,689$24,984
16 years$85,949$72,751$61,304$51,452$43,032$20,913
17 years$80,053$67,001$55,784$46,229$38,155$17,545
18 years$74,818$61,912$50,924$41,662$33,926$14,747
19 years$70,140$57,380$46,619$37,645$30,239$12,415
20 years$65,934$53,320$42,784$34,095$27,010$10,466
21 years$62,135$49,665$39,353$30,943$24,171$8,832
22 years$58,685$46,361$36,270$28,135$21,666$7,460
23 years$55,539$43,360$33,489$25,623$19,448$6,306
24 years$52,661$40,626$30,972$23,369$17,481$5,334
25 years$50,016$38,125$28,686$21,342$15,730$4,514
26 years$47,579$35,832$26,605$19,514$14,169$3,823
27 years$45,326$33,722$24,705$17,862$12,774$3,238
28 years$43,238$31,776$22,966$16,365$11,527$2,744
29 years$41,298$29,977$21,372$15,007$10,408$2,325
30 years$39,490$28,310$19,907$13,773$9,404$1,971
31 years$37,802$26,762$18,559$12,649$8,503$1,672
32 years$36,223$25,323$17,316$11,625$7,691$1,418
33 years$34,743$23,981$16,168$10,690$6,961$1,203
34 years$33,352$22,728$15,106$9,836$6,302$1,020
35 years$32,044$21,558$14,123$9,055$5,708$866
36 years$30,812$20,461$13,212$8,339$5,172$734
37 years$29,648$19,434$12,366$7,683$4,687$623
38 years$28,549$18,469$11,581$7,082$4,249$529
39 years$27,509$17,562$10,850$6,530$3,854$449
40 years$26,523$16,709$10,169$6,023$3,495$381
41 years$25,587$15,905$9,536$5,557$3,171$323
42 years$24,699$15,148$8,945$5,128$2,877$274
43 years$23,854$14,433$8,393$4,734$2,611$233
44 years$23,050$13,757$7,879$4,371$2,370$198
45 years$22,284$13,119$7,398$4,037$2,152$168
46 years$21,553$12,515$6,948$3,729$1,954$142
47 years$20,855$11,943$6,528$3,445$1,774$121
48 years$20,189$11,401$6,134$3,183$1,611$103
49 years$19,551$10,887$5,766$2,942$1,463$87
50 years$18,941$10,400$5,421$2,719$1,329$74

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,400,000, adding $5,174 every year, while hoping to spend $33,131 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: 46/42/12 Blend
69$19,400,000$19,400,000$19,400,000$19,400,000
70$21,384,137$20,355,937$20,055,237$22,295,334
71$23,530,068$21,318,127$20,691,836$23,888,925
72$25,893,773$22,326,353$21,348,651$25,612,877
73$28,497,431$23,382,838$22,026,324$27,482,316
74$31,365,481$24,489,908$22,725,518$29,510,739
75$34,524,853$25,650,007$23,446,915$31,712,959
76$38,005,224$26,865,693$24,191,223$34,105,234
77$41,839,295$28,139,651$24,959,168$36,705,416
78$46,063,105$29,474,696$25,751,502$39,533,105
79$50,716,364$30,873,778$26,568,999$42,609,827
80$55,842,832$32,339,992$27,412,460$45,959,228
81$61,490,732$33,876,583$28,282,708$49,607,286
82$67,713,203$35,486,952$29,180,595$53,582,542
83$74,568,805$37,174,667$30,107,000$57,916,362
84$82,122,067$38,943,470$31,062,829$62,643,217
85$90,444,100$40,797,282$32,049,015$67,801,001
86$99,613,266$42,740,217$33,066,525$73,431,367
87$109,715,919$44,776,587$34,116,354$79,580,114
88$120,847,218$46,910,916$35,199,527$86,297,600
89$133,112,029$49,147,945$36,317,106$93,639,205
90$146,625,910$51,492,648$37,470,183$101,665,834
91$161,516,205$53,950,240$38,659,887$110,444,479
92$177,923,246$56,526,190$39,887,380$120,048,829
93$196,001,674$59,226,231$41,153,865$130,559,952
94$215,921,906$62,056,377$42,460,581$142,067,037
95$237,871,735$65,022,934$43,808,805$154,668,220
96$262,058,110$68,132,515$45,199,857$168,471,481
97$288,709,083$71,392,055$46,635,098$183,595,651
98$318,075,969$74,808,825$48,115,933$200,171,505
99$350,435,711$78,390,451$49,643,811$218,342,969
100$386,093,501$82,144,930$51,220,226$238,268,461