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

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 $10,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$883,596$875,725$868,047$860,552$853,233$844,674
2 years$437,424$429,277$421,382$413,727$406,301$397,681
3 years$288,719$280,537$272,662$265,079$257,774$249,359
4 years$214,381$206,225$198,428$190,974$183,847$175,702
5 years$169,790$161,683$153,988$146,687$139,757$131,908
6 years$140,073$132,026$124,445$117,306$110,585$103,040
7 years$118,854$110,875$103,415$96,444$89,935$82,697
8 years$102,948$95,041$87,704$80,905$74,610$67,679
9 years$90,582$82,750$75,539$68,913$62,833$56,206
10 years$80,696$72,940$65,857$59,403$53,536$47,210
11 years$72,612$64,934$57,979$51,699$46,043$40,012
12 years$65,881$58,281$51,455$45,347$39,900$34,159
13 years$60,189$52,669$45,972$40,034$34,794$29,335
14 years$55,315$47,875$41,306$35,538$30,500$25,316
15 years$51,094$43,735$37,294$31,694$26,854$21,938
16 years$47,405$40,126$33,812$28,378$23,734$19,077
17 years$44,153$36,954$30,768$25,498$21,044$16,638
18 years$41,266$34,147$28,087$22,979$18,712$14,548
19 years$38,685$31,648$25,712$20,763$16,678$12,748
20 years$36,366$29,408$23,597$18,805$14,897$11,191
21 years$34,270$27,393$21,705$17,067$13,331$9,840
22 years$32,367$25,570$20,005$15,518$11,950$8,665
23 years$30,633$23,915$18,471$14,132$10,727$7,639
24 years$29,045$22,407$17,082$12,889$9,641$6,742
25 years$27,586$21,028$15,822$11,771$8,676$5,956
26 years$26,242$19,763$14,674$10,763$7,815$5,266
27 years$25,000$18,599$13,626$9,852$7,046$4,659
28 years$23,848$17,526$12,667$9,026$6,357$4,125
29 years$22,778$16,534$11,788$8,277$5,741$3,654
30 years$21,781$15,614$10,980$7,596$5,187$3,239
31 years$20,850$14,761$10,236$6,977$4,690$2,871
32 years$19,979$13,967$9,551$6,412$4,242$2,547
33 years$19,162$13,227$8,917$5,896$3,839$2,260
34 years$18,395$12,536$8,332$5,425$3,476$2,006
35 years$17,674$11,890$7,790$4,994$3,148$1,781
36 years$16,994$11,285$7,287$4,599$2,852$1,581
37 years$16,353$10,718$6,821$4,238$2,585$1,405
38 years$15,746$10,186$6,387$3,906$2,344$1,248
39 years$15,172$9,686$5,984$3,602$2,125$1,109
40 years$14,629$9,216$5,609$3,322$1,928$985
41 years$14,113$8,772$5,259$3,065$1,749$876
42 years$13,623$8,355$4,933$2,828$1,587$778
43 years$13,157$7,960$4,629$2,611$1,440$692
44 years$12,713$7,588$4,345$2,411$1,307$615
45 years$12,290$7,236$4,080$2,226$1,187$547
46 years$11,887$6,903$3,832$2,057$1,078$486
47 years$11,503$6,587$3,600$1,900$979$432
48 years$11,135$6,288$3,383$1,756$889$385
49 years$10,783$6,005$3,180$1,623$807$342
50 years$10,447$5,736$2,990$1,500$733$304

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 $4,071 every year, while hoping to spend $38,519 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: 48/37/15 Blend
68$10,700,000$10,700,000$10,700,000$10,700,000
69$11,795,599$11,228,499$11,062,649$12,312,202
70$12,957,766$11,737,712$11,392,264$13,178,940
71$14,237,184$12,270,585$11,731,630$14,115,227
72$15,645,770$12,828,237$12,081,033$15,131,017
73$17,196,658$13,411,840$12,440,767$16,233,756
74$18,904,320$14,022,623$12,811,136$17,431,622
75$20,784,702$14,661,873$13,192,451$18,733,600
76$22,855,376$15,330,939$13,585,032$20,149,557
77$25,135,703$16,031,234$13,989,209$21,690,334
78$27,647,020$16,764,239$14,405,322$23,367,845
79$30,412,836$17,531,507$14,833,721$25,195,182
80$33,459,059$18,334,665$15,274,764$27,186,738
81$36,814,236$19,175,417$15,728,822$29,358,331
82$40,509,826$20,055,549$16,196,275$31,727,353
83$44,580,492$20,976,936$16,677,514$34,312,930
84$49,064,435$21,941,538$17,172,943$37,136,090
85$54,003,746$22,951,412$17,682,976$40,219,963
86$59,444,812$24,008,715$18,208,040$43,589,986
87$65,438,746$25,115,705$18,748,572$47,274,142
88$72,041,874$26,274,750$19,305,025$51,303,215
89$79,316,264$27,488,333$19,877,863$55,711,071
90$87,330,316$28,759,054$20,467,564$60,534,975
91$96,159,400$30,089,639$21,074,619$65,815,929
92$105,886,574$31,482,947$21,699,535$71,599,056
93$116,603,367$32,941,973$22,342,831$77,934,014
94$128,410,637$34,469,857$23,005,042$84,875,454
95$141,419,531$36,069,889$23,686,721$92,483,533
96$155,752,530$37,745,520$24,388,432$100,824,463
97$171,544,602$39,500,365$25,110,759$109,971,133
98$188,944,484$41,338,215$25,854,302$120,003,782
99$208,116,077$43,263,043$26,619,676$131,010,745
100$229,239,999$45,279,014$27,407,517$143,089,278