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%15%
1 years$1,618,550$1,604,132$1,590,067$1,576,337$1,562,932$1,530,749
2 years$801,262$786,339$771,877$757,855$744,253$711,976
3 years$528,869$513,882$499,455$485,565$472,185$440,820
4 years$392,699$377,757$363,476$349,822$336,766$306,556
5 years$311,018$296,166$282,072$268,697$256,004$227,034
6 years$256,582$241,842$227,956$214,879$202,567$174,868
7 years$217,714$203,099$189,433$176,664$164,742$138,319
8 years$188,577$174,093$160,654$148,199$136,669$111,515
9 years$165,926$151,579$138,371$126,233$115,095$91,193
10 years$147,817$133,610$120,635$108,814$98,067$75,393
11 years$133,009$118,945$106,205$94,701$84,341$62,866
12 years$120,678$106,759$94,254$83,065$73,088$52,781
13 years$110,253$96,479$84,210$73,334$63,734$44,561
14 years$101,324$87,696$75,663$65,098$55,869$37,792
15 years$93,593$80,112$68,314$58,056$49,191$32,172
16 years$86,835$73,501$61,936$51,983$43,475$27,473
17 years$80,879$67,692$56,360$46,706$38,548$23,523
18 years$75,590$62,550$51,449$42,092$34,275$20,185
19 years$70,863$57,971$47,099$38,033$30,550$17,353
20 years$66,614$53,870$43,225$34,446$27,288$14,942
21 years$62,775$50,177$39,759$31,262$24,420$12,884
22 years$59,290$46,839$36,644$28,425$21,889$11,122
23 years$56,112$43,807$33,834$25,887$19,649$9,611
24 years$53,204$41,045$31,291$23,610$17,661$8,312
25 years$50,532$38,518$28,982$21,562$15,892$7,194
26 years$48,070$36,201$26,879$19,715$14,315$6,230
27 years$45,794$34,069$24,960$18,046$12,906$5,398
28 years$43,684$32,103$23,203$16,534$11,645$4,680
29 years$41,724$30,286$21,592$15,162$10,516$4,059
30 years$39,897$28,602$20,113$13,915$9,501$3,521
31 years$38,192$27,038$18,750$12,780$8,590$3,056
32 years$36,596$25,584$17,494$11,745$7,770$2,652
33 years$35,101$24,228$16,335$10,800$7,032$2,303
34 years$33,696$22,963$15,262$9,937$6,367$2,000
35 years$32,375$21,780$14,269$9,148$5,767$1,737
36 years$31,129$20,672$13,348$8,425$5,225$1,509
37 years$29,954$19,634$12,494$7,763$4,736$1,311
38 years$28,843$18,659$11,700$7,155$4,293$1,139
39 years$27,792$17,743$10,962$6,597$3,893$990
40 years$26,796$16,881$10,274$6,085$3,531$860
41 years$25,851$16,069$9,634$5,614$3,204$748
42 years$24,954$15,304$9,037$5,181$2,907$650
43 years$24,100$14,581$8,480$4,783$2,638$565
44 years$23,288$13,899$7,960$4,416$2,395$491
45 years$22,513$13,254$7,474$4,078$2,174$427
46 years$21,775$12,644$7,020$3,767$1,974$371
47 years$21,070$12,066$6,595$3,481$1,792$323
48 years$20,397$11,519$6,198$3,216$1,628$281
49 years$19,753$11,000$5,825$2,972$1,478$244
50 years$19,136$10,507$5,477$2,747$1,343$212

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 $4,037 every year, while hoping to spend $30,847 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: 71/13/16 Blend
69$19,600,000$19,600,000$19,600,000$19,600,000
70$21,603,364$20,564,564$20,260,764$23,057,263
71$23,774,086$21,539,407$20,906,679$24,998,540
72$26,165,188$22,560,983$21,573,198$27,119,001
73$28,799,116$23,631,550$22,260,979$29,439,653
74$31,700,605$24,753,475$22,970,700$31,980,285
75$34,896,911$25,929,239$23,703,063$34,762,676
76$38,418,069$27,161,445$24,458,789$37,810,802
77$42,297,179$28,452,822$25,238,625$41,151,056
78$46,570,712$29,806,232$26,043,340$44,812,490
79$51,278,861$31,224,674$26,873,728$48,827,094
80$56,465,916$32,711,294$27,730,609$53,230,086
81$62,180,684$34,269,392$28,614,830$58,060,243
82$68,476,949$35,902,427$29,527,261$63,360,261
83$75,413,979$37,614,027$30,468,805$69,177,159
84$83,057,086$39,407,995$31,440,391$75,562,710
85$91,478,242$41,288,321$32,442,978$82,573,929
86$100,756,760$43,259,186$33,477,555$90,273,606
87$110,980,041$45,324,977$34,545,144$98,730,892
88$122,244,398$47,490,294$35,646,800$108,021,948
89$134,655,968$49,759,960$36,783,609$118,230,653
90$148,331,712$52,139,033$37,956,695$129,449,396
91$163,400,517$54,632,817$39,167,215$141,779,936
92$180,004,419$57,246,873$40,416,366$155,334,361
93$198,299,935$59,987,036$41,705,379$170,236,133
94$218,459,549$62,859,421$43,035,530$186,621,251
95$240,673,333$65,870,443$44,408,130$204,639,524
96$265,150,747$69,026,828$45,824,537$224,455,978
97$292,122,612$72,335,632$47,286,148$246,252,408
98$321,843,292$75,804,252$48,794,408$270,229,079
99$354,593,093$79,440,445$50,350,805$296,606,612
100$390,680,910$83,252,348$51,956,878$325,628,059