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

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 $19,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,626,808$1,612,317$1,598,179$1,584,380$1,570,906$1,518,190
2 years$805,350$790,351$775,815$761,721$748,050$695,461
3 years$531,567$516,503$502,004$488,042$474,594$423,781
4 years$394,702$379,685$365,330$351,607$338,484$289,837
5 years$312,605$297,677$283,511$270,068$257,310$210,958
6 years$257,891$243,076$229,119$215,975$203,601$159,580
7 years$218,825$204,135$190,399$177,565$165,582$123,887
8 years$189,539$174,981$161,474$148,955$137,366$97,965
9 years$166,773$152,353$139,077$126,877$115,682$78,528
10 years$148,571$134,291$121,251$109,369$98,567$63,599
11 years$133,688$119,552$106,747$95,184$84,771$51,922
12 years$121,294$107,303$94,735$83,489$73,461$42,657
13 years$110,815$96,971$84,640$73,708$64,059$35,222
14 years$101,841$88,144$76,049$65,430$56,154$29,201
15 years$94,071$80,521$68,662$58,352$49,442$24,289
16 years$87,278$73,876$62,253$52,248$43,697$20,258
17 years$81,291$68,037$56,647$46,944$38,745$16,933
18 years$75,975$62,870$51,712$42,306$34,450$14,180
19 years$71,225$58,267$47,339$38,227$30,706$11,892
20 years$66,954$54,144$43,446$34,622$27,427$9,987
21 years$63,095$50,433$39,962$31,422$24,544$8,395
22 years$59,592$47,078$36,831$28,570$22,001$7,063
23 years$56,398$44,031$34,007$26,019$19,749$5,947
24 years$53,475$41,254$31,451$23,731$17,751$5,011
25 years$50,790$38,715$29,130$21,672$15,973$4,224
26 years$48,315$36,386$27,016$19,816$14,388$3,562
27 years$46,027$34,243$25,087$18,138$12,972$3,005
28 years$43,907$32,267$23,322$16,618$11,705$2,536
29 years$41,936$30,440$21,703$15,239$10,569$2,141
30 years$40,101$28,748$20,215$13,986$9,550$1,807
31 years$38,387$27,176$18,846$12,845$8,634$1,526
32 years$36,783$25,714$17,584$11,805$7,810$1,289
33 years$35,280$24,352$16,418$10,856$7,068$1,089
34 years$33,868$23,080$15,340$9,988$6,399$920
35 years$32,540$21,891$14,342$9,195$5,796$777
36 years$31,288$20,778$13,416$8,468$5,252$657
37 years$30,107$19,734$12,558$7,802$4,760$555
38 years$28,991$18,754$11,760$7,191$4,315$469
39 years$27,934$17,834$11,017$6,631$3,913$396
40 years$26,933$16,967$10,327$6,116$3,549$335
41 years$25,983$16,151$9,683$5,643$3,220$283
42 years$25,081$15,382$9,083$5,208$2,922$239
43 years$24,223$14,656$8,523$4,807$2,652$202
44 years$23,406$13,970$8,001$4,439$2,407$171
45 years$22,628$13,322$7,512$4,099$2,185$144
46 years$21,886$12,708$7,056$3,787$1,984$122
47 years$21,178$12,128$6,629$3,498$1,802$103
48 years$20,501$11,577$6,229$3,233$1,636$87
49 years$19,854$11,056$5,855$2,987$1,486$74
50 years$19,234$10,561$5,505$2,761$1,350$62

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 $4,434 every year, while hoping to spend $56,244 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: 70/7/23 Blend
69$19,700,000$19,700,000$19,700,000$19,700,000
70$21,713,974$20,669,874$20,364,524$23,108,320
71$23,868,956$21,622,854$20,986,892$24,993,907
72$26,241,861$22,620,646$21,628,225$27,050,238
73$28,854,858$23,665,385$22,289,098$29,299,872
74$31,732,375$24,759,310$22,970,104$31,761,960
75$34,901,330$25,904,769$23,671,855$34,457,583
76$38,391,385$27,104,222$24,394,981$37,409,954
77$42,235,224$28,360,246$25,140,130$40,644,628
78$46,468,863$29,675,545$25,907,972$44,189,747
79$51,131,992$31,052,951$26,699,193$48,076,299
80$56,268,344$32,495,435$27,514,505$52,338,405
81$61,926,112$34,006,108$28,354,638$57,013,646
82$68,158,402$35,588,234$29,220,345$62,143,404
83$75,023,734$37,245,232$30,112,401$67,773,260
84$82,586,594$38,980,688$31,031,606$73,953,411
85$90,918,046$40,798,361$31,978,784$80,739,146
86$100,096,395$42,702,189$32,954,782$88,191,362
87$110,207,934$44,696,303$33,960,474$96,377,137
88$121,347,754$46,785,033$34,996,761$105,370,356
89$133,620,643$48,972,917$36,064,569$115,252,405
90$147,142,071$51,264,712$37,164,855$126,112,937
91$162,039,287$53,665,408$38,298,602$138,050,710
92$178,452,513$56,180,232$39,466,825$151,174,518
93$196,536,273$58,814,667$40,670,567$165,604,211
94$216,460,847$61,574,461$41,910,906$181,471,822
95$238,413,881$64,465,636$43,188,948$198,922,806
96$262,602,156$67,494,512$44,505,837$218,117,410
97$289,253,542$70,667,709$45,862,749$239,232,180
98$318,619,148$73,992,171$47,260,895$262,461,618
99$350,975,690$77,475,176$48,701,524$288,020,015
100$386,628,107$81,124,356$50,185,922$316,143,469