Can I retire at age 69 with 10,700,000?

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$883,596$875,725$868,047$860,552$853,233$825,920
2 years$437,424$429,277$421,382$413,727$406,301$379,036
3 years$288,719$280,537$272,662$265,079$257,774$231,412
4 years$214,381$206,225$198,428$190,974$183,847$158,590
5 years$169,790$161,683$153,988$146,687$139,757$115,673
6 years$140,073$132,026$124,445$117,306$110,585$87,694
7 years$118,854$110,875$103,415$96,444$89,935$68,235
8 years$102,948$95,041$87,704$80,905$74,610$54,085
9 years$90,582$82,750$75,539$68,913$62,833$43,460
10 years$80,696$72,940$65,857$59,403$53,536$35,287
11 years$72,612$64,934$57,979$51,699$46,043$28,883
12 years$65,881$58,281$51,455$45,347$39,900$23,792
13 years$60,189$52,669$45,972$40,034$34,794$19,699
14 years$55,315$47,875$41,306$35,538$30,500$16,377
15 years$51,094$43,735$37,294$31,694$26,854$13,660
16 years$47,405$40,126$33,812$28,378$23,734$11,426
17 years$44,153$36,954$30,768$25,498$21,044$9,579
18 years$41,266$34,147$28,087$22,979$18,712$8,046
19 years$38,685$31,648$25,712$20,763$16,678$6,768
20 years$36,366$29,408$23,597$18,805$14,897$5,701
21 years$34,270$27,393$21,705$17,067$13,331$4,807
22 years$32,367$25,570$20,005$15,518$11,950$4,057
23 years$30,633$23,915$18,471$14,132$10,727$3,427
24 years$29,045$22,407$17,082$12,889$9,641$2,897
25 years$27,586$21,028$15,822$11,771$8,676$2,450
26 years$26,242$19,763$14,674$10,763$7,815$2,072
27 years$25,000$18,599$13,626$9,852$7,046$1,754
28 years$23,848$17,526$12,667$9,026$6,357$1,485
29 years$22,778$16,534$11,788$8,277$5,741$1,258
30 years$21,781$15,614$10,980$7,596$5,187$1,065
31 years$20,850$14,761$10,236$6,977$4,690$903
32 years$19,979$13,967$9,551$6,412$4,242$765
33 years$19,162$13,227$8,917$5,896$3,839$648
34 years$18,395$12,536$8,332$5,425$3,476$549
35 years$17,674$11,890$7,790$4,994$3,148$466
36 years$16,994$11,285$7,287$4,599$2,852$395
37 years$16,353$10,718$6,821$4,238$2,585$335
38 years$15,746$10,186$6,387$3,906$2,344$284
39 years$15,172$9,686$5,984$3,602$2,125$241
40 years$14,629$9,216$5,609$3,322$1,928$204
41 years$14,113$8,772$5,259$3,065$1,749$173
42 years$13,623$8,355$4,933$2,828$1,587$147
43 years$13,157$7,960$4,629$2,611$1,440$124
44 years$12,713$7,588$4,345$2,411$1,307$106
45 years$12,290$7,236$4,080$2,226$1,187$90
46 years$11,887$6,903$3,832$2,057$1,078$76
47 years$11,503$6,587$3,600$1,900$979$64
48 years$11,135$6,288$3,383$1,756$889$55
49 years$10,783$6,005$3,180$1,623$807$46
50 years$10,447$5,736$2,990$1,500$733$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,700,000, adding $5,240 every year, while hoping to spend $50,763 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: 53/33/14 Blend
68$10,700,000$10,700,000$10,700,000$10,700,000
69$11,796,805$11,229,705$11,063,855$12,377,853
70$12,946,068$11,725,949$11,380,483$13,271,141
71$14,210,854$12,244,808$11,706,016$14,236,694
72$15,602,893$12,787,336$12,040,700$15,286,092
73$17,135,110$13,354,637$12,384,785$16,427,303
74$18,821,746$13,947,869$12,738,530$17,669,082
75$20,678,493$14,568,243$13,102,200$19,021,052
76$22,722,641$15,217,029$13,476,066$20,493,791
77$24,973,243$15,895,556$13,860,406$22,098,927
78$27,451,293$16,605,217$14,255,509$23,849,246
79$30,179,923$17,347,471$14,661,666$25,758,806
80$33,184,624$18,123,846$15,079,181$27,843,068
81$36,493,485$18,935,944$15,508,363$30,119,037
82$40,137,457$19,785,441$15,949,529$32,605,417
83$44,150,645$20,674,095$16,403,006$35,322,784
84$48,570,632$21,603,747$16,869,128$38,293,773
85$53,438,831$22,576,326$17,348,239$41,543,291
86$58,800,878$23,593,852$17,840,690$45,098,740
87$64,707,058$24,658,442$18,346,845$48,990,278
88$71,212,787$25,772,314$18,867,073$53,251,091
89$78,379,127$26,937,793$19,401,755$57,917,703
90$86,273,366$28,157,313$19,951,282$63,030,315
91$94,969,654$29,433,426$20,516,055$68,633,175
92$104,549,700$30,768,806$21,096,485$74,774,992
93$115,103,545$32,166,252$21,692,992$81,509,385
94$126,730,410$33,628,702$22,306,011$88,895,386
95$139,539,634$35,159,231$22,935,984$96,997,984
96$153,651,705$36,761,061$23,583,368$105,888,732
97$169,199,396$38,437,570$24,248,627$115,646,415
98$186,329,021$40,192,297$24,932,243$126,357,785
99$205,201,813$42,028,952$25,634,705$138,118,365
100$225,995,447$43,951,420$26,356,517$151,033,349