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

Use the below retirement simulation to view the chances of a successful retirement.
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%20%
1 years$850,564$842,988$835,596$828,381$821,336$788,438
2 years$421,071$413,229$405,629$398,260$391,113$358,381
3 years$277,926$270,050$262,469$255,169$248,138$216,604
4 years$206,367$198,515$191,010$183,835$176,974$146,877
5 years$163,443$155,638$148,232$141,203$134,533$105,950
6 years$134,836$127,090$119,793$112,921$106,451$79,400
7 years$114,411$106,730$99,549$92,839$86,573$61,044
8 years$99,099$91,488$84,425$77,880$71,821$47,787
9 years$87,196$79,656$72,715$66,337$60,484$37,908
10 years$77,679$70,213$63,395$57,183$51,535$30,373
11 years$69,898$62,507$55,812$49,766$44,322$24,523
12 years$63,418$56,103$49,532$43,652$38,408$19,920
13 years$57,939$50,700$44,253$38,538$33,493$16,258
14 years$53,247$46,085$39,762$34,210$29,360$13,319
15 years$49,184$42,100$35,900$30,509$25,851$10,945
16 years$45,633$38,626$32,548$27,317$22,847$9,017
17 years$42,503$35,573$29,618$24,544$20,258$7,443
18 years$39,723$32,871$27,037$22,120$18,012$6,154
19 years$37,239$30,464$24,751$19,987$16,055$5,095
20 years$35,006$28,309$22,715$18,102$14,340$4,223
21 years$32,989$26,369$20,894$16,429$12,833$3,504
22 years$31,157$24,614$19,257$14,937$11,503$2,909
23 years$29,487$23,021$17,780$13,604$10,326$2,417
24 years$27,959$21,569$16,444$12,407$9,281$2,009
25 years$26,555$20,242$15,230$11,331$8,351$1,670
26 years$25,261$19,024$14,125$10,361$7,523$1,390
27 years$24,065$17,904$13,116$9,483$6,782$1,156
28 years$22,956$16,871$12,193$8,689$6,120$962
29 years$21,926$15,916$11,347$7,968$5,526$801
30 years$20,966$15,031$10,569$7,312$4,993$667
31 years$20,070$14,209$9,854$6,716$4,514$556
32 years$19,232$13,444$9,194$6,172$4,083$463
33 years$18,446$12,732$8,584$5,676$3,696$385
34 years$17,708$12,067$8,020$5,222$3,346$321
35 years$17,013$11,446$7,499$4,807$3,030$267
36 years$16,359$10,863$7,015$4,427$2,746$223
37 years$15,741$10,318$6,566$4,079$2,489$186
38 years$15,158$9,806$6,148$3,760$2,256$155
39 years$14,605$9,324$5,760$3,467$2,046$129
40 years$14,082$8,871$5,399$3,198$1,856$107
41 years$13,585$8,445$5,063$2,950$1,684$89
42 years$13,113$8,042$4,749$2,723$1,528$75
43 years$12,665$7,663$4,456$2,513$1,386$62
44 years$12,238$7,304$4,183$2,321$1,258$52
45 years$11,831$6,965$3,928$2,143$1,142$43
46 years$11,443$6,644$3,689$1,980$1,037$36
47 years$11,073$6,341$3,466$1,829$942$30
48 years$10,719$6,053$3,257$1,690$855$25
49 years$10,380$5,780$3,061$1,562$777$21
50 years$10,056$5,522$2,878$1,444$706$17

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 $6,504 every year, while hoping to spend $28,606 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: 45/41/14 Blend
68$10,300,000$10,300,000$10,300,000$10,300,000
69$11,357,309$10,811,409$10,651,759$11,822,697
70$12,485,318$11,310,731$10,978,156$12,646,682
71$13,727,425$11,833,562$11,314,529$13,536,245
72$15,095,238$12,381,022$11,661,182$14,500,228
73$16,601,548$12,954,288$12,018,427$15,545,524
74$18,260,449$13,554,591$12,386,588$16,679,702
75$20,087,473$14,183,224$12,765,996$17,911,065
76$22,099,734$14,841,541$13,156,996$19,248,733
77$24,316,090$15,530,960$13,559,938$20,702,720
78$26,757,324$16,252,969$13,975,189$22,284,023
79$29,446,334$17,009,128$14,403,121$24,004,725
80$32,408,357$17,801,072$14,844,122$25,878,097
81$35,671,198$18,630,513$15,298,589$27,918,723
82$39,265,500$19,499,249$15,766,932$30,142,632
83$43,225,031$20,409,161$16,249,573$32,567,439
84$47,586,998$21,362,224$16,746,948$35,212,508
85$52,392,406$22,360,508$17,259,506$38,099,128
86$57,686,439$23,406,180$17,787,707$41,250,706
87$63,518,889$24,501,516$18,332,028$44,692,980
88$69,944,624$25,648,899$18,892,959$48,454,256
89$77,024,109$26,850,828$19,471,006$52,565,666
90$84,823,973$28,109,923$20,066,690$57,061,455
91$93,417,640$29,428,931$20,680,546$61,979,291
92$102,886,022$30,810,732$21,313,127$67,360,619
93$113,318,283$32,258,344$21,965,003$73,251,034
94$124,812,677$33,774,933$22,636,761$79,700,709
95$137,477,482$35,363,816$23,329,003$86,764,851
96$151,432,015$37,028,472$24,042,355$94,504,218
97$166,807,762$38,772,550$24,777,456$102,985,676
98$183,749,622$40,599,872$25,534,968$112,282,817
99$202,417,265$42,514,448$26,315,572$122,476,649
100$222,986,652$44,520,482$27,119,969$133,656,338