Can I retire at age 69 with 10,300,000?

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 $10,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$850,564$842,988$835,596$828,381$821,336$814,115
2 years$421,071$413,229$405,629$398,260$391,113$383,835
3 years$277,926$270,050$262,469$255,169$248,138$241,031
4 years$206,367$198,515$191,010$183,835$176,974$170,091
5 years$163,443$155,638$148,232$141,203$134,533$127,895
6 years$134,836$127,090$119,793$112,921$106,451$100,067
7 years$114,411$106,730$99,549$92,839$86,573$80,445
8 years$99,099$91,488$84,425$77,880$71,821$65,949
9 years$87,196$79,656$72,715$66,337$60,484$54,866
10 years$77,679$70,213$63,395$57,183$51,535$46,168
11 years$69,898$62,507$55,812$49,766$44,322$39,201
12 years$63,418$56,103$49,532$43,652$38,408$33,530
13 years$57,939$50,700$44,253$38,538$33,493$28,851
14 years$53,247$46,085$39,762$34,210$29,360$24,948
15 years$49,184$42,100$35,900$30,509$25,851$21,663
16 years$45,633$38,626$32,548$27,317$22,847$18,876
17 years$42,503$35,573$29,618$24,544$20,258$16,498
18 years$39,723$32,871$27,037$22,120$18,012$14,456
19 years$37,239$30,464$24,751$19,987$16,055$12,694
20 years$35,006$28,309$22,715$18,102$14,340$11,169
21 years$32,989$26,369$20,894$16,429$12,833$9,843
22 years$31,157$24,614$19,257$14,937$11,503$8,687
23 years$29,487$23,021$17,780$13,604$10,326$7,676
24 years$27,959$21,569$16,444$12,407$9,281$6,790
25 years$26,555$20,242$15,230$11,331$8,351$6,013
26 years$25,261$19,024$14,125$10,361$7,523$5,328
27 years$24,065$17,904$13,116$9,483$6,782$4,726
28 years$22,956$16,871$12,193$8,689$6,120$4,194
29 years$21,926$15,916$11,347$7,968$5,526$3,724
30 years$20,966$15,031$10,569$7,312$4,993$3,309
31 years$20,070$14,209$9,854$6,716$4,514$2,941
32 years$19,232$13,444$9,194$6,172$4,083$2,615
33 years$18,446$12,732$8,584$5,676$3,696$2,326
34 years$17,708$12,067$8,020$5,222$3,346$2,070
35 years$17,013$11,446$7,499$4,807$3,030$1,842
36 years$16,359$10,863$7,015$4,427$2,746$1,640
37 years$15,741$10,318$6,566$4,079$2,489$1,460
38 years$15,158$9,806$6,148$3,760$2,256$1,301
39 years$14,605$9,324$5,760$3,467$2,046$1,159
40 years$14,082$8,871$5,399$3,198$1,856$1,032
41 years$13,585$8,445$5,063$2,950$1,684$920
42 years$13,113$8,042$4,749$2,723$1,528$820
43 years$12,665$7,663$4,456$2,513$1,386$731
44 years$12,238$7,304$4,183$2,321$1,258$651
45 years$11,831$6,965$3,928$2,143$1,142$580
46 years$11,443$6,644$3,689$1,980$1,037$517
47 years$11,073$6,341$3,466$1,829$942$461
48 years$10,719$6,053$3,257$1,690$855$411
49 years$10,380$5,780$3,061$1,562$777$367
50 years$10,056$5,522$2,878$1,444$706$327

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,300,000, adding $5,563 every year, while hoping to spend $25,807 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: 43/30/27 Blend
68$10,300,000$10,300,000$10,300,000$10,300,000
69$11,356,338$10,810,438$10,650,788$11,755,021
70$12,487,226$11,312,691$10,980,131$12,543,108
71$13,732,600$11,838,690$11,319,642$13,393,570
72$15,104,110$12,389,570$11,669,635$14,314,559
73$16,614,593$12,966,523$12,030,432$15,312,625
74$18,278,196$13,570,798$12,402,366$16,394,956
75$20,110,508$14,203,702$12,785,781$17,569,446
76$22,128,705$14,866,609$13,181,030$18,844,767
77$24,351,717$15,560,957$13,588,478$20,230,441
78$26,800,401$16,288,253$14,008,502$21,736,933
79$29,497,743$17,050,078$14,441,487$23,375,739
80$32,469,070$17,848,089$14,887,834$25,159,494
81$35,742,293$18,684,023$15,347,954$27,102,086
82$39,348,168$19,559,701$15,822,272$29,218,780
83$43,320,587$20,477,033$16,311,224$31,526,359
84$47,696,899$21,438,019$16,815,262$34,043,278
85$52,518,259$22,444,759$17,334,850$36,789,827
86$57,830,021$23,499,451$17,870,466$39,788,324
87$63,682,162$24,604,403$18,422,606$43,063,316
88$70,129,755$25,762,032$18,991,776$46,641,802
89$77,233,492$26,974,873$19,578,502$50,553,485
90$85,060,250$28,245,584$20,183,324$54,831,043
91$93,683,730$29,576,952$20,806,800$59,510,433
92$103,185,146$30,971,898$21,449,503$64,631,218
93$113,653,994$32,433,485$22,112,025$70,236,938
94$125,188,900$33,964,924$22,794,976$76,375,506
95$137,898,546$35,569,583$23,498,986$83,099,658
96$151,902,698$37,250,993$24,224,702$90,467,439
97$167,333,335$39,012,854$24,972,792$98,542,741
98$184,335,900$40,859,048$25,743,945$107,395,895
99$203,070,665$42,793,645$26,538,870$117,104,327
100$223,714,250$44,820,910$27,358,299$127,753,278