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%17.5%
1 years$1,610,292$1,595,948$1,581,954$1,568,295$1,554,957$1,507,598
2 years$797,174$782,328$767,939$753,988$740,456$693,148
3 years$526,170$511,260$496,907$483,087$469,776$424,004
4 years$390,695$375,830$361,621$348,037$335,048$291,162
5 years$309,431$294,655$280,633$267,326$254,698$212,818
6 years$255,273$240,608$226,793$213,783$201,534$161,696
7 years$216,603$202,062$188,466$175,763$163,901$126,103
8 years$187,615$173,205$159,834$147,443$135,972$100,189
9 years$165,080$150,806$137,665$125,589$114,508$80,703
10 years$147,062$132,928$120,020$108,259$97,566$65,691
11 years$132,330$118,338$105,663$94,217$83,910$53,908
12 years$120,063$106,214$93,774$82,641$72,715$44,524
13 years$109,690$95,986$83,780$72,960$63,409$36,964
14 years$100,807$87,249$75,277$64,766$55,584$30,815
15 years$93,116$79,703$67,965$57,760$48,940$25,778
16 years$86,392$73,126$61,620$51,717$43,254$21,624
17 years$80,466$67,347$56,072$46,468$38,352$18,181
18 years$75,204$62,231$51,187$41,877$34,101$15,316
19 years$70,501$57,675$46,859$37,839$30,395$12,923
20 years$66,274$53,595$43,005$34,271$27,149$10,919
21 years$62,455$49,921$39,556$31,103$24,295$9,236
22 years$58,987$46,600$36,457$28,280$21,777$7,819
23 years$55,826$43,584$33,662$25,755$19,549$6,626
24 years$52,932$40,835$31,131$23,490$17,571$5,618
25 years$50,274$38,322$28,834$21,452$15,811$4,766
26 years$47,824$36,016$26,742$19,615$14,242$4,045
27 years$45,560$33,896$24,832$17,954$12,840$3,435
28 years$43,461$31,940$23,085$16,450$11,586$2,918
29 years$41,511$30,131$21,482$15,085$10,462$2,479
30 years$39,694$28,456$20,010$13,844$9,453$2,107
31 years$37,997$26,900$18,655$12,715$8,546$1,791
32 years$36,410$25,453$17,405$11,685$7,731$1,523
33 years$34,922$24,105$16,251$10,745$6,996$1,295
34 years$33,524$22,846$15,184$9,887$6,334$1,101
35 years$32,209$21,669$14,196$9,101$5,737$937
36 years$30,971$20,567$13,280$8,382$5,198$797
37 years$29,801$19,534$12,430$7,723$4,711$678
38 years$28,696$18,564$11,640$7,118$4,271$577
39 years$27,651$17,653$10,906$6,564$3,873$491
40 years$26,660$16,795$10,222$6,054$3,513$417
41 years$25,719$15,987$9,585$5,585$3,187$355
42 years$24,826$15,226$8,991$5,155$2,892$302
43 years$23,977$14,507$8,437$4,758$2,625$257
44 years$23,169$13,828$7,919$4,394$2,383$219
45 years$22,399$13,186$7,436$4,058$2,163$186
46 years$21,664$12,579$6,984$3,748$1,964$158
47 years$20,963$12,005$6,561$3,463$1,783$135
48 years$20,293$11,460$6,166$3,200$1,619$115
49 years$19,652$10,944$5,796$2,957$1,471$98
50 years$19,039$10,454$5,449$2,733$1,336$83

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 $4,093 every year, while hoping to spend $37,661 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: 40/44/16 Blend
69$19,500,000$19,500,000$19,500,000$19,500,000
70$21,493,222$20,459,722$20,157,472$22,250,555
71$23,645,460$21,422,177$20,792,676$23,751,529
72$26,015,963$22,430,531$21,447,898$25,370,296
73$28,626,956$23,486,991$22,123,767$27,120,691
74$31,502,927$24,593,876$22,820,935$29,014,688
75$34,670,862$25,753,612$23,540,073$31,065,412
76$38,160,498$26,968,747$24,281,873$33,287,261
77$42,004,602$28,241,949$25,047,049$35,696,031
78$46,239,285$29,576,017$25,836,338$38,309,052
79$50,904,337$30,973,887$26,650,500$41,145,343
80$56,043,606$32,438,635$27,490,319$44,225,784
81$61,705,412$33,973,486$28,356,603$47,573,296
82$67,943,002$35,581,824$29,250,187$51,213,050
83$74,815,050$37,267,196$30,171,930$55,172,688
84$82,386,215$39,033,319$31,122,720$59,482,576
85$90,727,751$40,884,093$32,103,473$64,176,074
86$99,918,174$42,823,606$33,115,132$69,289,834
87$110,044,011$44,856,146$34,158,672$74,864,138
88$121,200,610$46,986,207$35,235,097$80,943,256
89$133,493,044$49,218,502$36,345,444$87,575,851
90$147,037,099$51,557,974$37,490,782$94,815,419
91$161,960,373$54,009,805$38,672,213$102,720,781
92$178,403,474$56,579,428$39,890,875$111,356,612
93$196,521,351$59,272,542$41,147,941$120,794,038
94$216,484,753$62,095,121$42,444,622$131,111,284
95$238,481,847$65,053,431$43,782,165$142,394,391
96$262,719,987$68,154,040$45,161,859$154,738,006
97$289,427,676$71,403,839$46,585,033$168,246,254
98$318,856,723$74,810,051$48,053,055$183,033,693
99$351,284,616$78,380,251$49,567,340$199,226,370
100$387,017,146$82,122,383$51,129,345$216,962,984