Can I retire at age 69 with 10,800,000?

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 $10,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$891,854$883,910$876,159$868,594$861,207$846,244
2 years$441,512$433,289$425,320$417,593$410,099$395,072
3 years$291,417$283,159$275,210$267,556$260,183$245,561
4 years$216,385$208,152$200,283$192,759$185,565$171,460
5 years$171,377$163,194$155,427$148,057$141,064$127,516
6 years$141,382$133,260$125,608$118,403$111,619$98,644
7 years$119,965$111,911$104,381$97,345$90,776$78,378
8 years$103,910$95,929$88,524$81,661$75,307$63,484
9 years$91,429$83,523$76,245$69,557$63,420$52,163
10 years$81,450$73,622$66,472$59,959$54,037$43,338
11 years$73,291$65,541$58,521$52,182$46,473$36,320
12 years$66,496$58,826$51,936$45,771$40,273$30,652
13 years$60,752$53,162$46,401$40,409$35,119$26,016
14 years$55,832$48,322$41,692$35,870$30,785$22,184
15 years$51,572$44,143$37,642$31,990$27,105$18,989
16 years$47,848$40,501$34,128$28,644$23,956$16,308
17 years$44,566$37,300$31,055$25,736$21,241$14,043
18 years$41,651$34,467$28,349$23,193$18,886$12,121
19 years$39,047$31,943$25,953$20,957$16,834$10,482
20 years$36,706$29,683$23,818$18,981$15,036$9,080
21 years$34,590$27,649$21,908$17,226$13,456$7,877
22 years$32,670$25,809$20,192$15,663$12,061$6,842
23 years$30,919$24,139$18,643$14,264$10,827$5,949
24 years$29,316$22,616$17,242$13,010$9,731$5,177
25 years$27,844$21,224$15,970$11,881$8,757$4,510
26 years$26,487$19,948$14,811$10,864$7,888$3,930
27 years$25,233$18,773$13,753$9,944$7,112$3,428
28 years$24,071$17,690$12,785$9,111$6,417$2,991
29 years$22,991$16,688$11,898$8,355$5,794$2,611
30 years$21,984$15,760$11,082$7,667$5,235$2,280
31 years$21,044$14,899$10,332$7,042$4,733$1,992
32 years$20,165$14,097$9,640$6,472$4,282$1,741
33 years$19,341$13,350$9,001$5,951$3,875$1,521
34 years$18,567$12,653$8,410$5,476$3,508$1,330
35 years$17,839$12,001$7,863$5,041$3,178$1,163
36 years$17,153$11,391$7,355$4,642$2,879$1,017
37 years$16,505$10,819$6,884$4,277$2,609$890
38 years$15,893$10,282$6,447$3,942$2,366$779
39 years$15,314$9,777$6,040$3,635$2,145$681
40 years$14,765$9,302$5,661$3,353$1,946$596
41 years$14,245$8,854$5,309$3,093$1,765$522
42 years$13,750$8,433$4,980$2,855$1,602$457
43 years$13,280$8,035$4,673$2,635$1,454$400
44 years$12,832$7,659$4,386$2,433$1,320$350
45 years$12,405$7,303$4,118$2,247$1,198$306
46 years$11,998$6,967$3,868$2,076$1,088$268
47 years$11,610$6,649$3,634$1,918$988$235
48 years$11,239$6,347$3,415$1,772$897$205
49 years$10,884$6,061$3,210$1,638$815$180
50 years$10,545$5,790$3,018$1,514$740$157

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,800,000, adding $3,223 every year, while hoping to spend $34,647 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: 51/33/16 Blend
68$10,800,000$10,800,000$10,800,000$10,800,000
69$11,904,925$11,332,525$11,165,125$12,459,806
70$13,082,363$11,850,954$11,502,292$13,359,725
71$14,378,738$12,393,625$11,849,593$14,333,685
72$15,806,146$12,961,690$12,207,332$15,391,808
73$17,377,915$13,556,354$12,575,819$16,542,052
74$19,108,729$14,178,882$12,955,375$17,793,162
75$21,014,772$14,830,600$13,346,333$19,154,746
76$23,113,874$15,512,895$13,749,031$20,637,364
77$25,425,687$16,227,225$14,163,821$22,252,621
78$27,971,862$16,975,114$14,591,064$24,013,274
79$30,776,259$17,758,161$15,031,131$25,933,348
80$33,865,168$18,578,042$15,484,406$28,028,261
81$37,267,564$19,436,514$15,951,281$30,314,972
82$41,015,370$20,335,418$16,432,164$32,812,126
83$45,143,767$21,276,683$16,927,471$35,540,234
84$49,691,523$22,262,333$17,437,633$38,521,854
85$54,701,358$23,294,487$17,963,093$41,781,804
86$60,220,347$24,375,367$18,504,307$45,347,386
87$66,300,366$25,507,303$19,061,745$49,248,638
88$72,998,578$26,692,736$19,635,889$53,518,614
89$80,377,980$27,934,226$20,227,237$58,193,687
90$88,507,987$29,234,456$20,836,303$63,313,883
91$97,465,095$30,596,239$21,463,613$68,923,256
92$107,333,601$32,022,521$22,109,710$75,070,292
93$118,206,397$33,516,393$22,775,154$81,808,362
94$130,185,849$35,081,096$23,460,521$89,196,213
95$143,384,761$36,720,024$24,166,404$97,298,518
96$157,927,440$38,436,739$24,893,412$106,186,473
97$173,950,871$40,234,972$25,642,174$115,938,463
98$191,606,010$42,118,635$26,413,336$126,640,788
99$211,059,206$44,091,831$27,207,566$138,388,472
100$232,493,773$46,158,859$28,025,547$151,286,142