Can I retire at age 70 with 19,600,000?

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 $19,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,545,324
2 years$801,262$786,339$771,877$757,855$744,253$726,527
3 years$528,869$513,882$499,455$485,565$472,185$454,891
4 years$392,699$377,757$363,476$349,822$336,766$320,038
5 years$311,018$296,166$282,072$268,697$256,004$239,890
6 years$256,582$241,842$227,956$214,879$202,567$187,087
7 years$217,714$203,099$189,433$176,664$164,742$149,902
8 years$188,577$174,093$160,654$148,199$136,669$122,468
9 years$165,926$151,579$138,371$126,233$115,095$101,528
10 years$147,817$133,610$120,635$108,814$98,067$85,125
11 years$133,009$118,945$106,205$94,701$84,341$72,012
12 years$120,678$106,759$94,254$83,065$73,088$61,360
13 years$110,253$96,479$84,210$73,334$63,734$52,593
14 years$101,324$87,696$75,663$65,098$55,869$45,298
15 years$93,593$80,112$68,314$58,056$49,191$39,175
16 years$86,835$73,501$61,936$51,983$43,475$33,995
17 years$80,879$67,692$56,360$46,706$38,548$29,587
18 years$75,590$62,550$51,449$42,092$34,275$25,814
19 years$70,863$57,971$47,099$38,033$30,550$22,571
20 years$66,614$53,870$43,225$34,446$27,288$19,771
21 years$62,775$50,177$39,759$31,262$24,420$17,346
22 years$59,290$46,839$36,644$28,425$21,889$15,240
23 years$56,112$43,807$33,834$25,887$19,649$13,405
24 years$53,204$41,045$31,291$23,610$17,661$11,804
25 years$50,532$38,518$28,982$21,562$15,892$10,403
26 years$48,070$36,201$26,879$19,715$14,315$9,176
27 years$45,794$34,069$24,960$18,046$12,906$8,099
28 years$43,684$32,103$23,203$16,534$11,645$7,153
29 years$41,724$30,286$21,592$15,162$10,516$6,321
30 years$39,897$28,602$20,113$13,915$9,501$5,589
31 years$38,192$27,038$18,750$12,780$8,590$4,943
32 years$36,596$25,584$17,494$11,745$7,770$4,374
33 years$35,101$24,228$16,335$10,800$7,032$3,871
34 years$33,696$22,963$15,262$9,937$6,367$3,427
35 years$32,375$21,780$14,269$9,148$5,767$3,035
36 years$31,129$20,672$13,348$8,425$5,225$2,688
37 years$29,954$19,634$12,494$7,763$4,736$2,382
38 years$28,843$18,659$11,700$7,155$4,293$2,110
39 years$27,792$17,743$10,962$6,597$3,893$1,870
40 years$26,796$16,881$10,274$6,085$3,531$1,658
41 years$25,851$16,069$9,634$5,614$3,204$1,470
42 years$24,954$15,304$9,037$5,181$2,907$1,303
43 years$24,100$14,581$8,480$4,783$2,638$1,155
44 years$23,288$13,899$7,960$4,416$2,395$1,024
45 years$22,513$13,254$7,474$4,078$2,174$908
46 years$21,775$12,644$7,020$3,767$1,974$806
47 years$21,070$12,066$6,595$3,481$1,792$714
48 years$20,397$11,519$6,198$3,216$1,628$634
49 years$19,753$11,000$5,825$2,972$1,478$562
50 years$19,136$10,507$5,477$2,747$1,343$499

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,600,000, adding $6,987 every year, while hoping to spend $31,914 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: 35/45/20 Blend
69$19,600,000$19,600,000$19,600,000$19,600,000
70$21,606,407$20,567,607$20,263,807$22,230,595
71$23,776,304$21,541,464$20,908,688$23,663,183
72$26,166,462$22,561,969$21,574,104$25,204,407
73$28,799,311$23,631,377$22,260,707$26,866,702
74$31,699,574$24,752,047$22,969,173$28,660,859
75$34,894,489$25,926,456$23,700,199$30,598,697
76$38,414,075$27,157,200$24,454,504$32,693,167
77$42,291,410$28,447,002$25,232,829$34,958,466
78$46,562,944$29,798,716$26,035,939$37,410,159
79$51,268,846$31,215,334$26,864,625$40,065,315
80$56,453,379$32,699,996$27,719,700$42,942,657
81$62,165,320$34,255,993$28,602,007$46,062,724
82$68,458,421$35,886,775$29,512,412$49,448,059
83$75,391,913$37,595,960$30,451,812$53,123,399
84$83,031,070$39,387,344$31,421,129$57,115,902
85$91,447,821$41,264,905$32,421,318$61,455,388
86$100,721,428$43,232,815$33,453,362$66,174,600
87$110,939,240$45,295,450$34,518,276$71,309,504
88$122,197,512$47,457,396$35,617,108$76,899,608
89$134,602,316$49,723,466$36,750,939$82,988,319
90$148,270,541$52,098,704$37,920,883$89,623,333
91$163,330,996$54,588,401$39,128,093$96,857,066
92$179,925,629$57,198,103$40,373,755$104,747,132
93$198,210,862$59,933,630$41,659,095$113,356,864
94$218,359,074$62,801,081$42,985,378$122,755,889
95$240,560,220$65,806,855$44,353,909$133,020,762
96$265,023,631$68,957,660$45,766,034$144,235,669
97$291,979,988$72,260,531$47,223,143$156,493,190
98$321,683,497$75,722,848$48,726,669$169,895,154
99$354,414,293$79,352,347$50,278,092$184,553,565
100$390,481,082$83,157,143$51,878,938$200,591,639