Can I retire at age 70 with 19,400,000?

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 $19,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$1,602,034$1,587,764$1,573,841$1,560,252$1,546,983$1,538,524
2 years$793,086$778,316$764,001$750,121$736,659$728,123
3 years$523,472$508,638$494,359$480,610$467,367$459,018
4 years$388,691$373,903$359,767$346,252$333,330$325,234
5 years$307,844$293,144$279,194$265,955$253,392$245,572
6 years$253,964$239,374$225,630$212,686$200,500$192,966
7 years$215,493$201,026$187,500$174,861$163,061$155,816
8 years$186,653$172,317$159,015$146,687$135,274$128,320
9 years$164,233$150,033$136,959$124,945$113,921$107,255
10 years$146,308$132,246$119,404$107,703$97,066$90,685
11 years$131,652$117,731$105,121$93,734$83,480$77,380
12 years$119,447$105,669$93,293$82,218$72,342$66,518
13 years$109,128$95,494$83,351$72,586$63,084$57,530
14 years$100,290$86,801$74,891$64,434$55,299$50,009
15 years$92,638$79,295$67,617$57,463$48,689$43,657
16 years$85,949$72,751$61,304$51,452$43,032$38,249
17 years$80,053$67,001$55,784$46,229$38,155$33,615
18 years$74,818$61,912$50,924$41,662$33,926$29,621
19 years$70,140$57,380$46,619$37,645$30,239$26,161
20 years$65,934$53,320$42,784$34,095$27,010$23,151
21 years$62,135$49,665$39,353$30,943$24,171$20,523
22 years$58,685$46,361$36,270$28,135$21,666$18,221
23 years$55,539$43,360$33,489$25,623$19,448$16,199
24 years$52,661$40,626$30,972$23,369$17,481$14,418
25 years$50,016$38,125$28,686$21,342$15,730$12,846
26 years$47,579$35,832$26,605$19,514$14,169$11,456
27 years$45,326$33,722$24,705$17,862$12,774$10,224
28 years$43,238$31,776$22,966$16,365$11,527$9,132
29 years$41,298$29,977$21,372$15,007$10,408$8,161
30 years$39,490$28,310$19,907$13,773$9,404$7,298
31 years$37,802$26,762$18,559$12,649$8,503$6,529
32 years$36,223$25,323$17,316$11,625$7,691$5,844
33 years$34,743$23,981$16,168$10,690$6,961$5,233
34 years$33,352$22,728$15,106$9,836$6,302$4,687
35 years$32,044$21,558$14,123$9,055$5,708$4,200
36 years$30,812$20,461$13,212$8,339$5,172$3,764
37 years$29,648$19,434$12,366$7,683$4,687$3,375
38 years$28,549$18,469$11,581$7,082$4,249$3,026
39 years$27,509$17,562$10,850$6,530$3,854$2,714
40 years$26,523$16,709$10,169$6,023$3,495$2,435
41 years$25,587$15,905$9,536$5,557$3,171$2,184
42 years$24,699$15,148$8,945$5,128$2,877$1,960
43 years$23,854$14,433$8,393$4,734$2,611$1,759
44 years$23,050$13,757$7,879$4,371$2,370$1,579
45 years$22,284$13,119$7,398$4,037$2,152$1,417
46 years$21,553$12,515$6,948$3,729$1,954$1,272
47 years$20,855$11,943$6,528$3,445$1,774$1,142
48 years$20,189$11,401$6,134$3,183$1,611$1,026
49 years$19,551$10,887$5,766$2,942$1,463$921
50 years$18,941$10,400$5,421$2,719$1,329$827

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $19,400,000, adding $6,950 every year, while hoping to spend $57,744 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: 44/30/26 Blend
69$19,400,000$19,400,000$19,400,000$19,400,000
70$21,385,969$20,357,769$20,057,069$22,165,264
71$23,505,899$21,293,860$20,667,542$23,656,489
72$25,840,126$22,273,885$21,296,530$25,265,870
73$28,410,448$23,299,935$21,944,593$27,009,343
74$31,240,883$24,374,201$22,612,307$28,899,398
75$34,357,900$25,498,983$23,300,265$30,949,752
76$37,790,660$26,676,689$24,009,079$33,175,468
77$41,571,303$27,909,841$24,739,378$35,593,092
78$45,735,240$29,201,087$25,491,811$38,220,803
79$50,321,493$30,553,200$26,267,046$41,078,573
80$55,373,065$31,969,086$27,065,771$44,188,353
81$60,937,338$33,451,792$27,888,695$47,574,268
82$67,066,528$35,004,511$28,736,548$51,262,837
83$73,818,173$36,630,591$29,610,081$55,283,215
84$81,255,678$38,333,541$30,510,070$59,667,459
85$89,448,912$40,117,040$31,437,313$64,450,818
86$98,474,868$41,984,942$32,392,630$69,672,060
87$108,418,390$43,941,290$33,376,869$75,373,823
88$119,372,973$45,990,320$34,390,900$81,603,008
89$131,441,644$48,136,474$35,435,624$88,411,211
90$144,737,937$50,384,407$36,511,963$95,855,197
91$159,386,964$52,738,999$37,620,870$103,997,420
92$175,526,592$55,205,369$38,763,328$112,906,605
93$193,308,751$57,788,878$39,940,345$122,658,378
94$212,900,861$60,495,150$41,152,964$133,335,969
95$234,487,416$63,330,080$42,402,256$145,030,977
96$258,271,727$66,299,848$43,689,326$157,844,226
97$284,477,834$69,410,932$45,015,309$171,886,694
98$313,352,630$72,670,124$46,381,379$187,280,545
99$345,168,184$76,084,546$47,788,741$204,160,267
100$380,224,312$79,661,662$49,238,637$222,673,918