Can I retire at age 70 with 19,900,000?

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,570,282
2 years$813,526$798,375$783,691$769,454$755,645$738,956
3 years$536,964$521,747$507,100$492,997$479,412$463,125
4 years$398,709$383,539$369,039$355,176$341,921$326,160
5 years$315,778$300,700$286,390$272,810$259,923$244,735
6 years$260,509$245,544$231,445$218,168$205,668$191,072
7 years$221,047$206,207$192,332$179,368$167,263$153,264
8 years$191,463$176,758$163,113$150,467$138,761$125,359
9 years$168,466$153,899$140,489$128,165$116,857$104,047
10 years$150,079$135,655$122,482$110,479$99,568$87,342
11 years$135,045$120,765$107,831$96,150$85,632$73,980
12 years$122,526$108,393$95,697$84,337$74,207$63,116
13 years$111,940$97,955$85,499$74,457$64,710$54,168
14 years$102,875$89,039$76,821$66,094$56,724$46,717
15 years$95,026$81,338$69,359$58,944$49,944$40,456
16 years$88,165$74,626$62,885$52,778$44,141$35,156
17 years$82,117$68,728$57,222$47,421$39,138$30,640
18 years$76,747$63,508$52,237$42,736$34,800$26,771
19 years$71,948$58,858$47,820$38,615$31,018$23,441
20 years$67,634$54,694$43,887$34,974$27,706$20,564
21 years$63,736$50,945$40,367$31,741$24,794$18,069
22 years$60,197$47,556$37,205$28,860$22,224$15,899
23 years$56,971$44,478$34,352$26,283$19,950$14,006
24 years$54,018$41,673$31,770$23,972$17,931$12,352
25 years$51,305$39,108$29,425$21,892$16,135$10,903
26 years$48,805$36,755$27,290$20,017$14,534$9,632
27 years$46,495$34,591$25,342$18,322$13,104$8,516
28 years$44,353$32,595$23,558$16,787$11,824$7,533
29 years$42,362$30,749$21,923$15,394$10,676$6,668
30 years$40,508$29,040$20,420$14,128$9,647$5,905
31 years$38,776$27,452$19,037$12,975$8,722$5,231
32 years$37,157$25,975$17,762$11,925$7,889$4,636
33 years$35,638$24,599$16,585$10,966$7,140$4,110
34 years$34,212$23,314$15,496$10,090$6,464$3,645
35 years$32,870$22,113$14,487$9,288$5,855$3,233
36 years$31,606$20,989$13,553$8,554$5,305$2,869
37 years$30,413$19,934$12,685$7,881$4,808$2,546
38 years$29,285$18,945$11,879$7,264$4,359$2,260
39 years$28,218$18,015$11,129$6,698$3,953$2,006
40 years$27,206$17,139$10,432$6,178$3,585$1,781
41 years$26,247$16,315$9,781$5,700$3,253$1,582
42 years$25,336$15,538$9,175$5,260$2,952$1,405
43 years$24,469$14,805$8,610$4,856$2,679$1,248
44 years$23,644$14,112$8,082$4,484$2,431$1,108
45 years$22,858$13,457$7,589$4,141$2,207$984
46 years$22,108$12,837$7,127$3,825$2,004$875
47 years$21,393$12,251$6,696$3,534$1,820$777
48 years$20,709$11,695$6,292$3,265$1,653$690
49 years$20,055$11,168$5,914$3,018$1,501$613
50 years$19,429$10,668$5,560$2,789$1,363$545

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,900,000, adding $4,905 every year, while hoping to spend $27,645 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: 68/16/16 Blend
69$19,900,000$19,900,000$19,900,000$19,900,000
70$21,934,860$20,880,160$20,571,710$23,342,952
71$24,142,801$21,873,873$21,231,448$25,276,221
72$26,575,026$22,915,352$21,912,361$27,386,307
73$29,254,383$24,006,908$22,615,128$29,693,605
74$32,206,047$25,150,965$23,340,453$32,217,504
75$35,457,765$26,350,063$24,089,059$34,979,341
76$39,040,109$27,606,868$24,861,695$38,002,599
77$42,986,770$28,924,175$25,659,131$41,313,119
78$47,334,875$30,304,913$26,482,166$44,939,347
79$52,125,335$31,752,157$27,331,622$48,912,592
80$57,403,235$33,269,128$28,208,346$53,267,321
81$63,218,255$34,859,206$29,113,216$58,041,474
82$69,625,144$36,525,934$30,047,136$63,276,821
83$76,684,233$38,273,028$31,011,039$69,019,350
84$84,462,004$40,104,386$32,005,888$75,319,695
85$93,031,721$42,024,094$33,032,679$82,233,607
86$102,474,119$44,036,437$34,092,436$89,822,474
87$112,878,166$46,145,909$35,186,220$98,153,894
88$124,341,905$48,357,224$36,315,123$107,302,309
89$136,973,374$50,675,324$37,480,275$117,349,696
90$150,891,635$53,105,391$38,682,841$128,386,336
91$166,227,888$55,652,861$39,924,022$140,511,658
92$183,126,715$58,323,434$41,205,060$153,835,167
93$201,747,446$61,123,089$42,527,235$168,477,474
94$222,265,659$64,058,093$43,891,871$184,571,420
95$244,874,838$67,135,021$45,300,330$202,263,325
96$269,788,203$70,360,769$46,754,023$221,714,357
97$297,240,719$73,742,567$48,254,402$243,102,045
98$327,491,317$77,287,997$49,802,970$266,621,940
99$360,825,336$81,005,013$51,401,273$292,489,457
100$397,557,216$84,901,954$53,050,911$320,941,887