Can I retire at age 69 with 10,500,000?

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 $10,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$867,080$859,357$851,821$844,466$837,285$815,060
2 years$429,248$421,253$413,506$405,993$398,707$376,471
3 years$283,323$275,294$267,565$260,124$252,956$231,405
4 years$210,374$202,370$194,719$187,405$180,410$159,709
5 years$166,617$158,661$151,110$143,945$137,145$117,352
6 years$137,455$129,558$122,119$115,114$108,518$89,651
7 years$116,633$108,803$101,482$94,641$88,254$70,315
8 years$101,023$93,264$86,065$79,392$73,216$56,195
9 years$88,889$81,203$74,127$67,625$61,658$45,541
10 years$79,187$71,577$64,626$58,293$52,536$37,302
11 years$71,255$63,720$56,896$50,732$45,183$30,808
12 years$64,649$57,192$50,493$44,499$39,154$25,614
13 years$59,064$51,685$45,113$39,286$34,143$21,409
14 years$54,281$46,980$40,534$34,874$29,930$17,971
15 years$50,139$42,917$36,597$31,101$26,353$15,140
16 years$46,519$39,376$33,180$27,848$23,290$12,791
17 years$43,328$36,264$30,193$25,021$20,651$10,834
18 years$40,494$33,509$27,562$22,549$18,362$9,194
19 years$37,962$31,056$25,232$20,375$16,366$7,817
20 years$35,686$28,859$23,156$18,453$14,619$6,655
21 years$33,630$26,881$21,299$16,748$13,082$5,672
22 years$31,762$25,092$19,631$15,227$11,726$4,840
23 years$30,060$23,468$18,125$13,868$10,526$4,134
24 years$28,502$21,988$16,763$12,648$9,461$3,533
25 years$27,071$20,635$15,526$11,551$8,514$3,021
26 years$25,752$19,393$14,399$10,562$7,669$2,585
27 years$24,532$18,251$13,371$9,668$6,914$2,213
28 years$23,402$17,198$12,430$8,858$6,239$1,895
29 years$22,352$16,225$11,567$8,123$5,633$1,623
30 years$21,373$15,322$10,775$7,454$5,090$1,391
31 years$20,460$14,485$10,045$6,846$4,602$1,192
32 years$19,605$13,706$9,372$6,292$4,163$1,022
33 years$18,804$12,979$8,751$5,786$3,767$876
34 years$18,051$12,301$8,176$5,324$3,411$752
35 years$17,344$11,668$7,644$4,901$3,089$645
36 years$16,676$11,074$7,151$4,513$2,799$553
37 years$16,047$10,518$6,693$4,158$2,537$474
38 years$15,452$9,996$6,268$3,833$2,300$407
39 years$14,889$9,505$5,872$3,534$2,086$349
40 years$14,355$9,043$5,504$3,260$1,892$300
41 years$13,849$8,608$5,161$3,008$1,716$257
42 years$13,368$8,198$4,841$2,776$1,557$221
43 years$12,911$7,811$4,543$2,562$1,413$189
44 years$12,475$7,446$4,264$2,366$1,283$163
45 years$12,061$7,100$4,004$2,185$1,165$139
46 years$11,665$6,773$3,761$2,018$1,057$120
47 years$11,288$6,464$3,533$1,865$960$103
48 years$10,927$6,171$3,320$1,723$872$88
49 years$10,582$5,893$3,121$1,592$792$76
50 years$10,252$5,629$2,934$1,472$719$65

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,500,000, adding $6,895 every year, while hoping to spend $20,577 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: 54/21/25 Blend
68$10,500,000$10,500,000$10,500,000$10,500,000
69$11,578,112$11,021,612$10,858,862$12,122,988
70$12,737,186$11,539,777$11,200,740$13,017,348
71$14,013,795$12,082,643$11,553,382$13,987,785
72$15,419,908$12,651,398$11,917,125$15,043,860
73$16,968,710$13,247,288$12,292,320$16,193,785
74$18,674,733$13,871,619$12,679,328$17,446,588
75$20,553,989$14,525,762$13,078,519$18,812,196
76$22,624,124$15,211,153$13,490,278$20,301,524
77$24,904,583$15,929,297$13,915,000$21,926,578
78$27,416,791$16,681,774$14,353,093$23,700,562
79$30,184,361$17,470,238$14,804,979$25,637,999
80$33,233,311$18,296,425$15,271,091$27,754,868
81$36,592,314$19,162,154$15,751,877$30,068,747
82$40,292,964$20,069,335$16,247,800$32,598,979
83$44,370,081$21,019,966$16,759,335$35,366,846
84$48,862,031$22,016,147$17,286,975$38,395,769
85$53,811,096$23,060,076$17,831,226$41,711,525
86$59,263,867$24,154,059$18,392,612$45,342,483
87$65,271,688$25,300,514$18,971,671$49,319,867
88$71,891,138$26,501,977$19,568,960$53,678,051
89$79,184,567$27,761,107$20,185,053$58,454,870
90$87,220,683$29,080,691$20,820,541$63,691,979
91$96,075,200$30,463,652$21,476,037$69,435,235
92$105,831,554$31,913,055$22,152,169$75,735,129
93$116,581,693$33,432,115$22,849,586$82,647,251
94$128,426,938$35,024,201$23,568,960$90,232,813
95$141,478,947$36,692,848$24,310,981$98,559,215
96$155,860,763$38,441,761$25,076,362$107,700,680
97$171,707,979$40,274,826$25,865,839$117,738,942
98$189,170,019$42,196,118$26,680,170$128,764,014
99$208,411,543$44,209,910$27,520,138$140,875,026
100$229,614,007$46,320,682$28,386,549$154,181,154