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%16.3%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,553,752
2 years$817,615$802,387$787,630$773,321$759,442$718,332
3 years$539,662$524,369$509,648$495,474$481,821$441,963
4 years$400,713$385,467$370,894$356,961$343,639$305,339
5 years$317,365$302,211$287,829$274,180$261,229$224,594
6 years$261,818$246,778$232,608$219,264$206,701$171,767
7 years$222,157$207,243$193,299$180,269$168,104$134,873
8 years$192,425$177,646$163,933$151,223$139,458$107,915
9 years$169,313$154,673$141,195$128,809$117,444$87,561
10 years$150,833$136,336$123,097$111,034$100,068$71,809
11 years$135,724$121,372$108,373$96,633$86,062$59,385
12 years$123,141$108,937$96,178$84,760$74,579$49,437
13 years$112,503$98,447$85,929$74,831$65,035$41,376
14 years$103,392$89,486$77,207$66,426$57,009$34,781
15 years$95,503$81,747$69,708$59,241$50,195$29,341
16 years$88,608$75,001$63,201$53,044$44,363$24,826
17 years$82,529$69,073$57,510$47,659$39,335$21,057
18 years$77,132$63,827$52,499$42,951$34,975$17,897
19 years$72,309$59,154$48,060$38,809$31,174$15,238
20 years$67,974$54,969$44,107$35,149$27,845$12,993
21 years$64,056$51,201$40,570$31,900$24,918$11,092
22 years$60,500$47,795$37,392$29,005$22,336$9,479
23 years$57,257$44,701$34,525$26,415$20,050$8,108
24 years$54,289$41,882$31,930$24,092$18,021$6,941
25 years$51,563$39,304$29,573$22,002$16,216$5,945
26 years$49,051$36,940$27,428$20,118$14,607$5,095
27 years$46,728$34,765$25,469$18,414$13,170$4,369
28 years$44,576$32,759$23,677$16,871$11,883$3,747
29 years$42,575$30,904$22,033$15,471$10,730$3,215
30 years$40,711$29,186$20,523$14,199$9,695$2,760
31 years$38,971$27,590$19,133$13,041$8,766$2,369
32 years$37,343$26,106$17,851$11,985$7,929$2,035
33 years$35,817$24,723$16,668$11,021$7,176$1,748
34 years$34,384$23,431$15,574$10,140$6,497$1,501
35 years$33,035$22,224$14,560$9,335$5,884$1,290
36 years$31,765$21,094$13,621$8,597$5,332$1,108
37 years$30,565$20,035$12,749$7,921$4,832$952
38 years$29,432$19,040$11,939$7,301$4,381$818
39 years$28,360$18,105$11,185$6,732$3,973$703
40 years$27,343$17,226$10,484$6,209$3,603$605
41 years$26,379$16,397$9,831$5,729$3,269$520
42 years$25,463$15,616$9,221$5,287$2,966$447
43 years$24,592$14,879$8,653$4,880$2,692$384
44 years$23,763$14,183$8,122$4,506$2,444$330
45 years$22,973$13,525$7,627$4,162$2,218$284
46 years$22,219$12,902$7,163$3,844$2,014$244
47 years$21,500$12,312$6,730$3,552$1,829$210
48 years$20,813$11,754$6,324$3,282$1,661$180
49 years$20,156$11,224$5,944$3,033$1,509$155
50 years$19,527$10,722$5,588$2,803$1,370$133

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 $4,523 every year, while hoping to spend $50,770 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: 49/32/19 Blend
69$20,000,000$20,000,000$20,000,000$20,000,000
70$22,044,665$20,984,665$20,674,665$23,007,256
71$24,239,202$21,958,895$21,313,248$24,648,913
72$26,655,881$22,979,161$21,971,521$26,425,738
73$29,317,305$24,047,664$22,650,091$28,354,903
74$32,248,384$25,166,713$23,349,583$30,450,756
75$35,476,565$26,338,728$24,070,641$32,729,056
76$39,032,095$27,566,246$24,813,927$35,207,118
77$42,948,301$28,851,925$25,580,127$37,903,966
78$47,261,912$30,198,553$26,369,944$40,840,505
79$52,013,396$31,609,051$27,184,107$44,039,713
80$57,247,350$33,086,483$28,023,363$47,526,846
81$63,012,919$34,634,060$28,888,484$51,329,670
82$69,364,256$36,255,147$29,780,267$55,478,713
83$76,361,035$37,953,275$30,699,531$60,007,545
84$84,069,017$39,732,141$31,647,122$64,953,083
85$92,560,666$41,595,626$32,623,910$70,355,929
86$101,915,837$43,547,795$33,630,794$76,260,744
87$112,222,526$45,592,910$34,668,699$82,716,658
88$123,577,702$47,735,442$35,738,580$89,777,719
89$136,088,224$49,980,074$36,841,418$97,503,395
90$149,871,845$52,331,719$37,978,227$105,959,118
91$165,058,327$54,795,528$39,150,052$115,216,893
92$181,790,667$57,376,900$40,357,969$125,355,957
93$200,226,442$60,081,495$41,603,088$136,463,518
94$220,539,299$62,915,248$42,886,552$148,635,559
95$242,920,596$65,884,383$44,209,539$161,977,729
96$267,581,202$68,995,424$45,573,265$176,606,324
97$294,753,496$72,255,210$46,978,980$192,649,364
98$324,693,553$75,670,916$48,427,976$210,247,786
99$357,683,564$79,250,059$49,921,582$229,556,754
100$394,034,501$83,000,526$51,461,168$250,747,103