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%19.1%
1 years$1,651,581$1,636,870$1,622,517$1,608,508$1,594,828$1,536,409
2 years$817,615$802,387$787,630$773,321$759,442$701,237
3 years$539,662$524,369$509,648$495,474$481,821$425,659
4 years$400,713$385,467$370,894$356,961$343,639$289,949
5 years$317,365$302,211$287,829$274,180$261,229$210,151
6 years$261,818$246,778$232,608$219,264$206,701$158,272
7 years$222,157$207,243$193,299$180,269$168,104$122,311
8 years$192,425$177,646$163,933$151,223$139,458$96,262
9 years$169,313$154,673$141,195$128,809$117,444$76,785
10 years$150,833$136,336$123,097$111,034$100,068$61,875
11 years$135,724$121,372$108,373$96,633$86,062$50,253
12 years$123,141$108,937$96,178$84,760$74,579$41,066
13 years$112,503$98,447$85,929$74,831$65,035$33,723
14 years$103,392$89,486$77,207$66,426$57,009$27,803
15 years$95,503$81,747$69,708$59,241$50,195$22,995
16 years$88,608$75,001$63,201$53,044$44,363$19,067
17 years$82,529$69,073$57,510$47,659$39,335$15,844
18 years$77,132$63,827$52,499$42,951$34,975$13,189
19 years$72,309$59,154$48,060$38,809$31,174$10,995
20 years$67,974$54,969$44,107$35,149$27,845$9,177
21 years$64,056$51,201$40,570$31,900$24,918$7,666
22 years$60,500$47,795$37,392$29,005$22,336$6,410
23 years$57,257$44,701$34,525$26,415$20,050$5,363
24 years$54,289$41,882$31,930$24,092$18,021$4,490
25 years$51,563$39,304$29,573$22,002$16,216$3,761
26 years$49,051$36,940$27,428$20,118$14,607$3,151
27 years$46,728$34,765$25,469$18,414$13,170$2,641
28 years$44,576$32,759$23,677$16,871$11,883$2,215
29 years$42,575$30,904$22,033$15,471$10,730$1,857
30 years$40,711$29,186$20,523$14,199$9,695$1,558
31 years$38,971$27,590$19,133$13,041$8,766$1,307
32 years$37,343$26,106$17,851$11,985$7,929$1,096
33 years$35,817$24,723$16,668$11,021$7,176$920
34 years$34,384$23,431$15,574$10,140$6,497$772
35 years$33,035$22,224$14,560$9,335$5,884$648
36 years$31,765$21,094$13,621$8,597$5,332$544
37 years$30,565$20,035$12,749$7,921$4,832$457
38 years$29,432$19,040$11,939$7,301$4,381$383
39 years$28,360$18,105$11,185$6,732$3,973$322
40 years$27,343$17,226$10,484$6,209$3,603$270
41 years$26,379$16,397$9,831$5,729$3,269$227
42 years$25,463$15,616$9,221$5,287$2,966$190
43 years$24,592$14,879$8,653$4,880$2,692$160
44 years$23,763$14,183$8,122$4,506$2,444$134
45 years$22,973$13,525$7,627$4,162$2,218$113
46 years$22,219$12,902$7,163$3,844$2,014$95
47 years$21,500$12,312$6,730$3,552$1,829$79
48 years$20,813$11,754$6,324$3,282$1,661$67
49 years$20,156$11,224$5,944$3,033$1,509$56
50 years$19,527$10,722$5,588$2,803$1,370$47

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 $6,040 every year, while hoping to spend $38,761 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: 59/25/16 Blend
69$20,000,000$20,000,000$20,000,000$20,000,000
70$22,046,230$20,986,230$20,676,230$23,256,194
71$24,253,704$21,973,314$21,327,643$25,061,722
72$26,685,042$23,007,466$21,999,578$27,024,948
73$29,363,035$24,090,951$22,692,683$29,164,986
74$32,312,802$25,226,145$23,407,626$31,498,900
75$35,562,020$26,415,538$24,145,092$34,045,453
76$39,141,186$27,661,740$24,905,794$36,825,276
77$43,083,911$28,967,489$25,690,462$39,861,060
78$47,427,229$30,335,655$26,499,851$43,177,763
79$52,211,951$31,769,247$27,334,741$46,802,836
80$57,483,050$33,271,420$28,195,935$50,766,480
81$63,290,084$34,845,482$29,084,261$55,101,922
82$69,687,663$36,494,901$30,000,575$59,845,720
83$76,735,969$38,223,315$30,945,758$65,038,102
84$84,501,316$40,034,537$31,920,720$70,723,335
85$93,056,785$41,932,564$32,926,398$76,950,137
86$102,482,907$43,921,589$33,963,762$83,772,129
87$112,868,424$46,006,007$35,033,809$91,248,327
88$124,311,130$48,190,428$36,137,568$99,443,694
89$136,918,791$50,479,685$37,276,103$108,429,740
90$150,810,163$52,878,845$38,450,507$118,285,188
91$166,116,113$55,393,222$39,661,913$129,096,707
92$182,980,855$58,028,388$40,911,485$140,959,714
93$201,563,309$60,790,186$42,200,426$153,979,268
94$222,038,602$63,684,741$43,529,977$168,271,046
95$244,599,725$66,718,478$44,901,416$183,962,421
96$269,459,347$69,898,134$46,316,064$201,193,654
97$296,851,830$73,230,772$47,775,281$220,119,198
98$327,035,436$76,723,799$49,280,473$240,909,147
99$360,294,769$80,384,984$50,833,087$263,750,819
100$396,943,458$84,222,471$52,434,618$288,850,515