Can I retire at age 69 with 10,400,000?

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 $10,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$858,822$851,172$843,709$836,424$829,311$809,920
2 years$425,160$417,241$409,567$402,127$394,910$375,485
3 years$280,624$272,672$265,017$257,647$250,547$231,694
4 years$208,371$200,443$192,865$185,620$178,692$160,556
5 years$165,030$157,149$149,671$142,574$135,839$118,471
6 years$136,145$128,324$120,956$114,017$107,485$90,902
7 years$115,522$107,767$100,515$93,740$87,414$71,620
8 years$100,061$92,376$85,245$78,636$72,518$57,506
9 years$88,043$80,430$73,421$66,981$61,071$46,829
10 years$78,433$70,895$64,010$57,738$52,035$38,548
11 years$70,576$63,114$56,354$50,249$44,752$32,001
12 years$64,033$56,647$50,013$44,075$38,781$26,745
13 years$58,502$51,193$44,683$38,912$33,818$22,475
14 years$53,764$46,533$40,148$34,542$29,645$18,970
15 years$49,662$42,508$36,248$30,805$26,102$16,070
16 years$46,076$39,001$32,864$27,583$23,069$13,656
17 years$42,915$35,918$29,905$24,783$20,454$11,633
18 years$40,109$33,190$27,299$22,334$18,187$9,931
19 years$37,601$30,760$24,991$20,181$16,210$8,494
20 years$35,346$28,584$22,936$18,278$14,479$7,275
21 years$33,309$26,625$21,097$16,588$12,957$6,239
22 years$31,460$24,853$19,444$15,082$11,615$5,357
23 years$29,774$23,245$17,953$13,736$10,426$4,604
24 years$28,230$21,779$16,603$12,528$9,371$3,960
25 years$26,813$20,438$15,378$11,441$8,432$3,408
26 years$25,506$19,209$14,262$10,461$7,596$2,935
27 years$24,299$18,078$13,244$9,575$6,848$2,529
28 years$23,179$17,034$12,312$8,773$6,179$2,180
29 years$22,139$16,070$11,457$8,045$5,580$1,880
30 years$21,170$15,176$10,672$7,383$5,042$1,621
31 years$20,265$14,347$9,949$6,781$4,558$1,399
32 years$19,418$13,575$9,283$6,232$4,123$1,207
33 years$18,625$12,856$8,667$5,731$3,731$1,042
34 years$17,880$12,184$8,098$5,273$3,378$900
35 years$17,178$11,557$7,571$4,854$3,060$777
36 years$16,518$10,969$7,083$4,470$2,772$671
37 years$15,894$10,418$6,629$4,119$2,513$579
38 years$15,305$9,901$6,208$3,796$2,278$500
39 years$14,747$9,415$5,816$3,501$2,066$432
40 years$14,218$8,957$5,452$3,229$1,874$373
41 years$13,717$8,527$5,112$2,979$1,700$323
42 years$13,241$8,120$4,795$2,749$1,543$279
43 years$12,788$7,737$4,500$2,538$1,400$241
44 years$12,357$7,375$4,224$2,343$1,271$208
45 years$11,946$7,033$3,966$2,164$1,154$180
46 years$11,554$6,709$3,725$1,999$1,047$155
47 years$11,180$6,402$3,499$1,847$951$134
48 years$10,823$6,112$3,288$1,707$864$116
49 years$10,481$5,837$3,091$1,577$784$100
50 years$10,154$5,575$2,906$1,458$713$87

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,400,000, adding $3,238 every year, while hoping to spend $59,661 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: 53/31/16 Blend
68$10,400,000$10,400,000$10,400,000$10,400,000
69$11,464,140$10,912,940$10,751,740$12,022,183
70$12,570,003$11,384,195$11,048,444$12,875,370
71$13,786,665$11,876,542$11,353,089$13,796,605
72$15,125,364$12,390,952$11,665,876$14,797,642
73$16,598,483$12,928,440$11,987,015$15,886,080
74$18,219,665$13,490,071$12,316,717$17,070,268
75$20,003,944$14,076,957$12,655,200$18,359,384
76$21,967,885$14,690,266$13,002,687$19,763,520
77$24,129,738$15,331,219$13,359,407$21,293,770
78$26,509,617$16,001,094$13,725,592$22,962,337
79$29,129,681$16,701,230$14,101,482$24,782,636
80$32,014,347$17,433,030$14,487,321$26,769,428
81$35,190,523$18,197,961$14,883,359$28,938,946
82$38,687,856$18,997,561$15,289,851$31,309,048
83$42,539,017$19,833,440$15,707,060$33,899,382
84$46,780,003$20,707,285$16,135,253$36,731,567
85$51,450,482$21,620,861$16,574,703$39,829,391
86$56,594,167$22,576,019$17,025,691$43,219,032
87$62,259,223$23,574,695$17,488,503$46,929,300
88$68,498,727$24,618,918$17,963,431$50,991,903
89$75,371,166$25,710,814$18,450,775$55,441,741
90$82,940,989$26,852,608$18,950,840$60,317,232
91$91,279,216$28,046,632$19,463,940$65,660,665
92$100,464,107$29,295,328$19,990,392$71,518,596
93$110,581,901$30,601,254$20,530,525$77,942,280
94$121,727,629$31,967,089$21,084,672$84,988,148
95$134,006,012$33,395,642$21,653,174$92,718,333
96$147,532,448$34,889,851$22,236,378$101,201,248
97$162,434,103$36,452,799$22,834,641$110,512,226
98$178,851,106$38,087,711$23,448,327$120,734,222
99$196,937,879$39,797,968$24,077,805$131,958,587
100$216,864,587$41,587,113$24,723,456$144,285,923