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

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 $19,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$1,569,002$1,555,026$1,541,391$1,528,082$1,515,087$1,461,912
2 years$776,734$762,268$748,248$734,655$721,470$668,455
3 years$512,679$498,150$484,166$470,701$457,730$406,542
4 years$380,677$366,193$352,349$339,113$326,457$277,486
5 years$301,497$287,100$273,437$260,471$248,167$201,543
6 years$248,727$234,439$220,978$208,301$196,366$152,123
7 years$211,050$196,881$183,634$171,256$159,698$117,829
8 years$182,804$168,764$155,736$143,662$132,485$92,954
9 years$160,847$146,939$134,135$122,368$111,572$74,329
10 years$143,292$129,520$116,942$105,483$95,065$60,047
11 years$128,937$115,304$102,954$91,802$81,759$48,895
12 years$116,984$103,490$91,369$80,522$70,850$40,063
13 years$106,878$93,525$81,632$71,089$61,783$32,990
14 years$98,223$85,012$73,347$63,105$54,159$27,274
15 years$90,728$77,660$66,222$56,279$47,686$22,622
16 years$84,177$71,251$60,040$50,391$42,145$18,813
17 years$78,403$65,620$54,634$45,276$37,368$15,679
18 years$73,276$60,636$49,874$40,803$33,226$13,091
19 years$68,694$56,197$45,657$36,869$29,615$10,946
20 years$64,575$52,221$41,902$33,392$26,453$9,164
21 years$60,853$48,641$38,542$30,305$23,672$7,679
22 years$57,475$45,405$35,522$27,554$21,219$6,441
23 years$54,394$42,466$32,798$25,094$19,047$5,406
24 years$51,575$39,788$30,333$22,888$17,120$4,540
25 years$48,985$37,339$28,094$20,902$15,406$3,815
26 years$46,598$35,093$26,056$19,112$13,877$3,207
27 years$44,392$33,026$24,195$17,494$12,511$2,697
28 years$42,347$31,121$22,493$16,028$11,289$2,268
29 years$40,446$29,359$20,931$14,698$10,194$1,909
30 years$38,676$27,726$19,497$13,489$9,211$1,606
31 years$37,023$26,211$18,176$12,389$8,327$1,352
32 years$35,476$24,800$16,959$11,385$7,533$1,138
33 years$34,026$23,486$15,835$10,470$6,817$958
34 years$32,665$22,260$14,795$9,633$6,172$807
35 years$31,384$21,113$13,832$8,868$5,590$679
36 years$30,176$20,039$12,940$8,167$5,065$572
37 years$29,037$19,033$12,111$7,525$4,591$482
38 years$27,961$18,088$11,342$6,936$4,162$406
39 years$26,942$17,200$10,626$6,395$3,774$342
40 years$25,976$16,364$9,960$5,899$3,423$288
41 years$25,060$15,577$9,339$5,442$3,106$242
42 years$24,190$14,835$8,760$5,023$2,818$204
43 years$23,362$14,135$8,220$4,636$2,558$172
44 years$22,575$13,474$7,716$4,281$2,321$145
45 years$21,824$12,848$7,245$3,954$2,107$122
46 years$21,108$12,257$6,805$3,652$1,913$103
47 years$20,425$11,697$6,393$3,374$1,738$87
48 years$19,772$11,166$6,008$3,118$1,578$73
49 years$19,148$10,663$5,647$2,881$1,433$61
50 years$18,551$10,186$5,309$2,663$1,302$52

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,000,000, adding $4,115 every year, while hoping to spend $29,726 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: 32/44/24 Blend
69$19,000,000$19,000,000$19,000,000$19,000,000
70$20,942,245$19,935,245$19,640,745$21,457,811
71$23,046,725$20,880,443$20,267,081$22,793,790
72$25,364,867$21,870,961$20,913,404$24,228,818
73$27,918,431$22,908,985$21,580,351$25,773,912
74$30,731,399$23,996,813$22,268,580$27,438,749
75$33,830,196$25,136,852$22,978,772$29,233,929
76$37,243,942$26,331,624$23,711,627$31,171,059
77$41,004,727$27,583,776$24,467,870$33,262,857
78$45,147,912$28,896,085$25,248,247$35,523,258
79$49,712,465$30,271,458$26,053,528$37,967,538
80$54,741,324$31,712,947$26,884,510$40,612,445
81$60,281,811$33,223,753$27,742,012$43,476,346
82$66,386,068$34,807,230$28,626,882$46,579,389
83$73,111,558$36,466,895$29,539,994$49,943,676
84$80,521,603$38,206,439$30,482,249$53,593,465
85$88,685,981$40,029,729$31,454,579$57,555,379
86$97,681,588$41,940,823$32,457,945$61,858,645
87$107,593,160$43,943,973$33,493,336$66,535,353
88$118,514,077$46,043,642$34,561,777$71,620,746
89$130,547,239$48,244,506$35,664,322$77,153,531
90$143,806,042$50,551,472$36,802,062$83,176,232
91$158,415,447$52,969,683$37,976,120$89,735,567
92$174,513,159$55,504,534$39,187,656$96,882,875
93$192,250,926$58,161,681$40,437,868$104,674,576
94$211,795,975$60,947,058$41,727,991$113,172,685
95$233,332,586$63,866,885$43,059,300$122,445,375
96$257,063,833$66,927,686$44,433,110$132,567,596
97$283,213,505$70,136,304$45,850,780$143,621,759
98$312,028,212$73,499,912$47,313,710$155,698,488
99$343,779,716$77,026,035$48,823,347$168,897,450
100$378,767,501$80,722,564$50,381,182$183,328,265