Can I retire at age 70 with 19,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,528,590
2 years$805,350$790,351$775,815$761,721$748,050$705,720
3 years$531,567$516,503$502,004$488,042$474,594$433,574
4 years$394,702$379,685$365,330$351,607$338,484$299,090
5 years$312,605$297,677$283,511$270,068$257,310$219,651
6 years$257,891$243,076$229,119$215,975$203,601$167,711
7 years$218,825$204,135$190,399$177,565$165,582$131,464
8 years$189,539$174,981$161,474$148,955$137,366$105,003
9 years$166,773$152,353$139,077$126,877$115,682$85,044
10 years$148,571$134,291$121,251$109,369$98,567$69,615
11 years$133,688$119,552$106,747$95,184$84,771$57,460
12 years$121,294$107,303$94,735$83,489$73,461$47,740
13 years$110,815$96,971$84,640$73,708$64,059$39,876
14 years$101,841$88,144$76,049$65,430$56,154$33,450
15 years$94,071$80,521$68,662$58,352$49,442$28,160
16 years$87,278$73,876$62,253$52,248$43,697$23,775
17 years$81,291$68,037$56,647$46,944$38,745$20,122
18 years$75,975$62,870$51,712$42,306$34,450$17,064
19 years$71,225$58,267$47,339$38,227$30,706$14,496
20 years$66,954$54,144$43,446$34,622$27,427$12,332
21 years$63,095$50,433$39,962$31,422$24,544$10,504
22 years$59,592$47,078$36,831$28,570$22,001$8,956
23 years$56,398$44,031$34,007$26,019$19,749$7,642
24 years$53,475$41,254$31,451$23,731$17,751$6,526
25 years$50,790$38,715$29,130$21,672$15,973$5,577
26 years$48,315$36,386$27,016$19,816$14,388$4,768
27 years$46,027$34,243$25,087$18,138$12,972$4,078
28 years$43,907$32,267$23,322$16,618$11,705$3,490
29 years$41,936$30,440$21,703$15,239$10,569$2,987
30 years$40,101$28,748$20,215$13,986$9,550$2,557
31 years$38,387$27,176$18,846$12,845$8,634$2,190
32 years$36,783$25,714$17,584$11,805$7,810$1,876
33 years$35,280$24,352$16,418$10,856$7,068$1,607
34 years$33,868$23,080$15,340$9,988$6,399$1,377
35 years$32,540$21,891$14,342$9,195$5,796$1,180
36 years$31,288$20,778$13,416$8,468$5,252$1,012
37 years$30,107$19,734$12,558$7,802$4,760$867
38 years$28,991$18,754$11,760$7,191$4,315$743
39 years$27,934$17,834$11,017$6,631$3,913$637
40 years$26,933$16,967$10,327$6,116$3,549$546
41 years$25,983$16,151$9,683$5,643$3,220$468
42 years$25,081$15,382$9,083$5,208$2,922$402
43 years$24,223$14,656$8,523$4,807$2,652$344
44 years$23,406$13,970$8,001$4,439$2,407$295
45 years$22,628$13,322$7,512$4,099$2,185$253
46 years$21,886$12,708$7,056$3,787$1,984$217
47 years$21,178$12,128$6,629$3,498$1,802$186
48 years$20,501$11,577$6,229$3,233$1,636$160
49 years$19,854$11,056$5,855$2,987$1,486$137
50 years$19,234$10,561$5,505$2,761$1,350$117

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,700,000, adding $2,817 every year, while hoping to spend $54,953 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: 54/28/18 Blend
69$19,700,000$19,700,000$19,700,000$19,700,000
70$21,712,306$20,668,206$20,362,856$22,779,109
71$23,868,491$21,622,478$20,986,542$24,463,118
72$26,242,766$22,621,668$21,629,280$26,289,190
73$28,857,317$23,667,919$22,291,649$28,275,724
74$31,736,593$24,763,476$22,974,249$30,438,041
75$34,907,533$25,910,694$23,677,694$32,792,978
76$38,399,824$27,112,041$24,402,619$35,359,044
77$42,246,178$28,370,103$25,149,679$38,156,587
78$46,482,642$29,687,592$25,919,547$41,207,979
79$51,148,936$31,067,349$26,712,917$44,537,822
80$56,288,833$32,512,354$27,530,504$48,173,171
81$61,950,563$34,025,729$28,373,046$52,143,782
82$68,187,279$35,610,748$29,241,302$56,482,389
83$75,057,550$37,270,842$30,136,053$61,224,996
84$82,625,915$39,009,609$31,058,106$66,411,220
85$90,963,498$40,830,819$32,008,292$72,084,643
86$100,148,671$42,738,426$32,987,466$78,293,227
87$110,267,798$44,736,572$33,996,509$85,089,744
88$121,416,052$46,829,602$35,036,330$92,532,276
89$133,698,307$49,022,070$36,107,865$100,684,743
90$147,230,133$51,318,750$37,212,078$109,617,501
91$162,138,885$53,724,648$38,349,961$119,407,990
92$178,564,905$56,245,009$39,522,539$130,141,458
93$196,662,847$58,885,336$40,730,865$141,911,747
94$216,603,135$61,651,395$41,976,027$154,822,170
95$238,573,574$64,549,232$43,259,142$168,986,471
96$262,781,120$67,585,187$44,581,365$184,529,882
97$289,453,837$70,765,903$45,943,884$201,590,291
98$318,843,046$74,098,350$47,347,921$220,319,529
99$351,225,699$77,589,832$48,794,739$240,884,786
100$386,906,993$81,248,007$50,285,636$263,470,170