Can I retire at age 70 with 19,500,000?

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 $19,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,535,527
2 years$797,174$782,328$767,939$753,988$740,456$720,905
3 years$526,170$511,260$496,907$483,087$469,776$450,711
4 years$390,695$375,830$361,621$348,037$335,048$316,617
5 years$309,431$294,655$280,633$267,326$254,698$236,954
6 years$255,273$240,608$226,793$213,783$201,534$184,498
7 years$216,603$202,062$188,466$175,763$163,901$147,581
8 years$187,615$173,205$159,834$147,443$135,972$120,365
9 years$165,080$150,806$137,665$125,589$114,508$99,608
10 years$147,062$132,928$120,020$108,259$97,566$83,363
11 years$132,330$118,338$105,663$94,217$83,910$70,391
12 years$120,063$106,214$93,774$82,641$72,715$59,864
13 years$109,690$95,986$83,780$72,960$63,409$51,210
14 years$100,807$87,249$75,277$64,766$55,584$44,020
15 years$93,116$79,703$67,965$57,760$48,940$37,992
16 years$86,392$73,126$61,620$51,717$43,254$32,901
17 years$80,466$67,347$56,072$46,468$38,352$28,574
18 years$75,204$62,231$51,187$41,877$34,101$24,877
19 years$70,501$57,675$46,859$37,839$30,395$21,704
20 years$66,274$53,595$43,005$34,271$27,149$18,970
21 years$62,455$49,921$39,556$31,103$24,295$16,606
22 years$58,987$46,600$36,457$28,280$21,777$14,556
23 years$55,826$43,584$33,662$25,755$19,549$12,774
24 years$52,932$40,835$31,131$23,490$17,571$11,222
25 years$50,274$38,322$28,834$21,452$15,811$9,867
26 years$47,824$36,016$26,742$19,615$14,242$8,683
27 years$45,560$33,896$24,832$17,954$12,840$7,645
28 years$43,461$31,940$23,085$16,450$11,586$6,736
29 years$41,511$30,131$21,482$15,085$10,462$5,938
30 years$39,694$28,456$20,010$13,844$9,453$5,237
31 years$37,997$26,900$18,655$12,715$8,546$4,621
32 years$36,410$25,453$17,405$11,685$7,731$4,078
33 years$34,922$24,105$16,251$10,745$6,996$3,601
34 years$33,524$22,846$15,184$9,887$6,334$3,180
35 years$32,209$21,669$14,196$9,101$5,737$2,809
36 years$30,971$20,567$13,280$8,382$5,198$2,482
37 years$29,801$19,534$12,430$7,723$4,711$2,193
38 years$28,696$18,564$11,640$7,118$4,271$1,938
39 years$27,651$17,653$10,906$6,564$3,873$1,713
40 years$26,660$16,795$10,222$6,054$3,513$1,515
41 years$25,719$15,987$9,585$5,585$3,187$1,339
42 years$24,826$15,226$8,991$5,155$2,892$1,184
43 years$23,977$14,507$8,437$4,758$2,625$1,047
44 years$23,169$13,828$7,919$4,394$2,383$926
45 years$22,399$13,186$7,436$4,058$2,163$819
46 years$21,664$12,579$6,984$3,748$1,964$725
47 years$20,963$12,005$6,561$3,463$1,783$641
48 years$20,293$11,460$6,166$3,200$1,619$567
49 years$19,652$10,944$5,796$2,957$1,471$502
50 years$19,039$10,454$5,449$2,733$1,336$444

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,500,000, adding $3,560 every year, while hoping to spend $32,023 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: 64/27/9 Blend
69$19,500,000$19,500,000$19,500,000$19,500,000
70$21,492,672$20,459,172$20,156,922$22,827,600
71$23,650,852$21,427,599$20,798,107$24,686,726
72$26,028,094$22,442,406$21,459,698$26,712,396
73$28,646,707$23,505,832$22,142,345$28,924,032
74$31,531,276$24,620,223$22,846,719$31,339,701
75$34,708,894$25,788,041$23,573,512$33,979,271
76$38,209,414$27,011,868$24,323,437$36,864,595
77$42,065,733$28,294,408$25,097,231$40,019,711
78$46,314,105$29,638,501$25,895,655$43,471,060
79$50,994,476$31,047,120$26,719,492$47,247,734
80$56,150,870$32,523,387$27,569,553$51,381,738
81$61,831,797$34,070,571$28,446,671$55,908,293
82$68,090,716$35,692,104$29,351,710$60,866,151
83$74,986,534$37,391,583$30,285,557$66,297,962
84$82,584,169$39,172,778$31,249,132$72,250,664
85$90,955,156$41,039,646$32,243,380$78,775,917
86$100,178,327$42,996,334$33,269,278$85,930,587
87$110,340,552$45,047,191$34,327,835$93,777,267
88$121,537,562$47,196,776$35,420,090$102,384,860
89$133,874,848$49,449,873$36,547,118$111,829,225
90$147,468,662$51,811,496$37,710,026$122,193,873
91$162,447,110$54,286,904$38,909,956$133,570,752
92$178,951,363$56,881,610$40,148,088$146,061,098
93$197,136,993$59,601,399$41,425,639$159,776,384
94$217,175,433$62,452,335$42,743,865$174,839,353
95$239,255,603$65,440,776$44,104,061$191,385,169
96$263,585,692$68,573,391$45,507,564$209,562,676
97$290,395,119$71,857,173$46,955,754$229,535,788
98$319,936,704$75,299,458$48,450,055$251,485,023
99$352,489,051$78,907,934$49,991,935$275,609,191
100$388,359,179$82,690,669$51,582,910$302,127,253