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

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 $19,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,643,323$1,628,686$1,614,404$1,600,465$1,586,854$1,539,759
2 years$813,526$798,375$783,691$769,454$755,645$708,587
3 years$536,964$521,747$507,100$492,997$479,412$433,866
4 years$398,709$383,539$369,039$355,176$341,921$298,236
5 years$315,778$300,700$286,390$272,810$259,923$218,218
6 years$260,509$245,544$231,445$218,168$205,668$165,980
7 years$221,047$206,207$192,332$179,368$167,263$129,591
8 years$191,463$176,758$163,113$150,467$138,761$103,082
9 years$168,466$153,899$140,489$128,165$116,857$83,134
10 years$150,079$135,655$122,482$110,479$99,568$67,755
11 years$135,045$120,765$107,831$96,150$85,632$55,673
12 years$122,526$108,393$95,697$84,337$74,207$46,043
13 years$111,940$97,955$85,499$74,457$64,710$38,277
14 years$102,875$89,039$76,821$66,094$56,724$31,954
15 years$95,026$81,338$69,359$58,944$49,944$26,768
16 years$88,165$74,626$62,885$52,778$44,141$22,487
17 years$82,117$68,728$57,222$47,421$39,138$18,935
18 years$76,747$63,508$52,237$42,736$34,800$15,975
19 years$71,948$58,858$47,820$38,615$31,018$13,499
20 years$67,634$54,694$43,887$34,974$27,706$11,423
21 years$63,736$50,945$40,367$31,741$24,794$9,677
22 years$60,197$47,556$37,205$28,860$22,224$8,206
23 years$56,971$44,478$34,352$26,283$19,950$6,964
24 years$54,018$41,673$31,770$23,972$17,931$5,914
25 years$51,305$39,108$29,425$21,892$16,135$5,025
26 years$48,805$36,755$27,290$20,017$14,534$4,272
27 years$46,495$34,591$25,342$18,322$13,104$3,634
28 years$44,353$32,595$23,558$16,787$11,824$3,091
29 years$42,362$30,749$21,923$15,394$10,676$2,631
30 years$40,508$29,040$20,420$14,128$9,647$2,240
31 years$38,776$27,452$19,037$12,975$8,722$1,907
32 years$37,157$25,975$17,762$11,925$7,889$1,624
33 years$35,638$24,599$16,585$10,966$7,140$1,383
34 years$34,212$23,314$15,496$10,090$6,464$1,178
35 years$32,870$22,113$14,487$9,288$5,855$1,004
36 years$31,606$20,989$13,553$8,554$5,305$855
37 years$30,413$19,934$12,685$7,881$4,808$729
38 years$29,285$18,945$11,879$7,264$4,359$621
39 years$28,218$18,015$11,129$6,698$3,953$529
40 years$27,206$17,139$10,432$6,178$3,585$451
41 years$26,247$16,315$9,781$5,700$3,253$385
42 years$25,336$15,538$9,175$5,260$2,952$328
43 years$24,469$14,805$8,610$4,856$2,679$279
44 years$23,644$14,112$8,082$4,484$2,431$238
45 years$22,858$13,457$7,589$4,141$2,207$203
46 years$22,108$12,837$7,127$3,825$2,004$173
47 years$21,393$12,251$6,696$3,534$1,820$147
48 years$20,709$11,695$6,292$3,265$1,653$126
49 years$20,055$11,168$5,914$3,018$1,501$107
50 years$19,429$10,668$5,560$2,789$1,363$91

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 $3,606 every year, while hoping to spend $32,383 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: 70/24/6 Blend
69$19,900,000$19,900,000$19,900,000$19,900,000
70$21,933,520$20,878,820$20,570,370$23,451,220
71$24,136,283$21,867,426$21,225,022$25,443,170
72$26,562,644$22,903,390$21,900,519$27,617,659
73$29,235,373$23,988,996$22,597,527$29,996,031
74$32,179,566$25,126,642$23,316,729$32,598,292
75$35,422,876$26,318,841$24,058,833$35,446,448
76$38,995,775$27,568,229$24,824,569$38,564,716
77$42,931,841$28,877,570$25,614,690$41,979,741
78$47,268,080$30,249,762$26,429,973$45,720,845
79$52,045,266$31,687,842$27,271,219$49,820,298
80$57,308,334$33,194,998$28,139,256$54,313,616
81$63,106,800$34,774,569$29,034,937$59,239,889
82$69,495,230$36,430,059$29,959,144$64,642,146
83$76,533,753$38,165,141$30,912,785$70,567,753
84$84,288,631$39,983,668$31,896,798$77,068,850
85$92,832,882$41,889,678$32,912,151$84,202,843
86$102,246,971$43,887,408$33,959,843$92,032,930
87$112,619,569$45,981,298$35,040,905$100,628,694
88$124,048,389$48,176,006$36,156,400$110,066,749
89$136,641,110$50,476,415$37,307,424$120,431,457
90$150,516,392$52,887,648$38,495,112$131,815,711
91$165,804,996$55,415,075$39,720,630$144,321,807
92$182,651,020$58,064,328$40,985,185$158,062,392
93$201,213,256$60,841,312$42,290,021$173,161,525
94$221,666,694$63,752,222$43,636,422$189,755,830
95$244,204,166$66,803,551$45,025,712$207,995,778
96$269,038,177$70,002,110$46,459,259$228,047,091
97$296,402,900$73,355,042$47,938,473$250,092,299
98$326,556,393$76,869,837$49,464,810$274,332,444
99$359,783,036$80,554,349$51,039,771$300,988,966
100$396,396,209$84,416,816$52,664,907$330,305,778