Can I retire at age 70 with 20,000,000?

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 $20,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,577,517
2 years$817,615$802,387$787,630$773,321$759,442$742,012
3 years$539,662$524,369$509,648$495,474$481,821$464,813
4 years$400,713$385,467$370,894$356,961$343,639$327,183
5 years$317,365$302,211$287,829$274,180$261,229$245,375
6 years$261,818$246,778$232,608$219,264$206,701$191,468
7 years$222,157$207,243$193,299$180,269$168,104$153,497
8 years$192,425$177,646$163,933$151,223$139,458$125,477
9 years$169,313$154,673$141,195$128,809$117,444$104,084
10 years$150,833$136,336$123,097$111,034$100,068$87,320
11 years$135,724$121,372$108,373$96,633$86,062$73,915
12 years$123,141$108,937$96,178$84,760$74,579$63,022
13 years$112,503$98,447$85,929$74,831$65,035$54,052
14 years$103,392$89,486$77,207$66,426$57,009$46,586
15 years$95,503$81,747$69,708$59,241$50,195$40,316
16 years$88,608$75,001$63,201$53,044$44,363$35,010
17 years$82,529$69,073$57,510$47,659$39,335$30,491
18 years$77,132$63,827$52,499$42,951$34,975$26,622
19 years$72,309$59,154$48,060$38,809$31,174$23,294
20 years$67,974$54,969$44,107$35,149$27,845$20,420
21 years$64,056$51,201$40,570$31,900$24,918$17,928
22 years$60,500$47,795$37,392$29,005$22,336$15,763
23 years$57,257$44,701$34,525$26,415$20,050$13,876
24 years$54,289$41,882$31,930$24,092$18,021$12,228
25 years$51,563$39,304$29,573$22,002$16,216$10,785
26 years$49,051$36,940$27,428$20,118$14,607$9,521
27 years$46,728$34,765$25,469$18,414$13,170$8,410
28 years$44,576$32,759$23,677$16,871$11,883$7,434
29 years$42,575$30,904$22,033$15,471$10,730$6,575
30 years$40,711$29,186$20,523$14,199$9,695$5,817
31 years$38,971$27,590$19,133$13,041$8,766$5,149
32 years$37,343$26,106$17,851$11,985$7,929$4,560
33 years$35,817$24,723$16,668$11,021$7,176$4,039
34 years$34,384$23,431$15,574$10,140$6,497$3,579
35 years$33,035$22,224$14,560$9,335$5,884$3,172
36 years$31,765$21,094$13,621$8,597$5,332$2,812
37 years$30,565$20,035$12,749$7,921$4,832$2,494
38 years$29,432$19,040$11,939$7,301$4,381$2,212
39 years$28,360$18,105$11,185$6,732$3,973$1,962
40 years$27,343$17,226$10,484$6,209$3,603$1,740
41 years$26,379$16,397$9,831$5,729$3,269$1,544
42 years$25,463$15,616$9,221$5,287$2,966$1,370
43 years$24,592$14,879$8,653$4,880$2,692$1,216
44 years$23,763$14,183$8,122$4,506$2,444$1,079
45 years$22,973$13,525$7,627$4,162$2,218$958
46 years$22,219$12,902$7,163$3,844$2,014$850
47 years$21,500$12,312$6,730$3,552$1,829$755
48 years$20,813$11,754$6,324$3,282$1,661$670
49 years$20,156$11,224$5,944$3,033$1,509$595
50 years$19,527$10,722$5,588$2,803$1,370$528

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $20,000,000, adding $5,601 every year, while hoping to spend $22,058 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: 82/12/6 Blend
69$20,000,000$20,000,000$20,000,000$20,000,000
70$22,045,777$20,985,777$20,675,777$23,844,712
71$24,270,977$21,990,611$21,344,946$26,026,152
72$26,722,408$23,043,942$22,035,793$28,416,864
73$29,423,122$24,148,124$22,749,021$31,040,628
74$32,398,523$25,305,624$23,485,355$33,920,757
75$35,676,603$26,519,030$24,245,545$37,082,919
76$39,288,210$27,791,056$25,030,365$40,555,377
77$43,267,338$29,124,548$25,840,612$44,369,259
78$47,651,446$30,522,491$26,677,113$48,558,841
79$52,481,815$31,988,015$27,540,717$53,161,871
80$57,803,934$33,524,401$28,432,305$58,219,925
81$63,667,931$35,135,093$29,352,784$63,778,790
82$70,129,049$36,823,701$30,303,091$69,888,897
83$77,248,160$38,594,011$31,284,193$76,605,791
84$85,092,349$40,449,994$32,297,089$83,990,653
85$93,735,538$42,395,813$33,342,811$92,110,870
86$103,259,191$44,435,836$34,422,424$101,040,673
87$113,753,080$46,574,643$35,537,026$110,861,828
88$125,316,130$48,817,037$36,687,753$121,664,404
89$138,057,360$51,168,057$37,875,777$133,547,619
90$152,096,903$53,632,984$39,102,308$146,620,772
91$167,567,147$56,217,359$40,368,595$161,004,268
92$184,613,980$58,926,995$41,675,927$176,830,752
93$203,398,173$61,767,984$43,025,638$194,246,349
94$224,096,891$64,746,720$44,419,101$213,412,044
95$246,905,370$67,869,905$45,857,736$234,505,192
96$272,038,757$71,144,569$47,343,010$257,721,185
97$299,734,144$74,578,087$48,876,435$283,275,290
98$330,252,805$78,178,192$50,459,573$311,404,676
99$363,882,661$81,952,993$52,094,039$342,370,641
100$400,941,001$85,910,998$53,781,498$376,461,074