Can I retire at age 69 with 10,900,000?

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 $10,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$900,112$892,094$884,272$876,637$869,181$858,320
2 years$445,600$437,301$429,258$421,460$413,896$402,967
3 years$294,116$285,781$277,758$270,033$262,593$251,936
4 years$218,389$210,079$202,137$194,544$187,283$176,981
5 years$172,964$164,705$156,867$149,428$142,370$132,451
6 years$142,691$134,494$126,772$119,499$112,652$103,130
7 years$121,076$112,948$105,348$98,247$91,616$82,494
8 years$104,872$96,817$89,343$82,417$76,005$67,281
9 years$92,275$84,297$76,951$70,201$64,007$55,678
10 years$82,204$74,303$67,088$60,514$54,537$46,598
11 years$73,969$66,148$59,063$52,665$46,904$39,347
12 years$67,112$59,371$52,417$46,194$40,646$33,463
13 years$61,314$53,654$46,831$40,783$35,444$28,625
14 years$56,349$48,770$42,078$36,202$31,070$24,606
15 years$52,049$44,552$37,991$32,286$27,356$21,236
16 years$48,291$40,876$34,444$28,909$24,178$18,391
17 years$44,978$37,645$31,343$25,974$21,438$15,972
18 years$42,037$34,786$28,612$23,408$19,061$13,906
19 years$39,408$32,239$26,193$21,151$16,990$12,132
20 years$37,046$29,958$24,039$19,156$15,176$10,604
21 years$34,911$27,905$22,111$17,386$13,580$9,282
22 years$32,972$26,048$20,379$15,808$12,173$8,136
23 years$31,205$24,362$18,816$14,396$10,927$7,140
24 years$29,588$22,826$17,402$13,130$9,822$6,273
25 years$28,102$21,421$16,117$11,991$8,838$5,516
26 years$26,733$20,132$14,948$10,964$7,961$4,853
27 years$25,467$18,947$13,881$10,036$7,177$4,274
28 years$24,294$17,853$12,904$9,195$6,476$3,765
29 years$23,203$16,843$12,008$8,432$5,848$3,319
30 years$22,188$15,906$11,185$7,738$5,284$2,927
31 years$21,239$15,037$10,428$7,107$4,777$2,583
32 years$20,352$14,228$9,729$6,532$4,321$2,280
33 years$19,520$13,474$9,084$6,006$3,911$2,013
34 years$18,739$12,770$8,488$5,526$3,541$1,777
35 years$18,004$12,112$7,935$5,087$3,207$1,570
36 years$17,312$11,496$7,423$4,685$2,906$1,387
37 years$16,658$10,919$6,948$4,317$2,634$1,226
38 years$16,041$10,377$6,507$3,979$2,388$1,083
39 years$15,456$9,867$6,096$3,669$2,165$958
40 years$14,902$9,388$5,714$3,384$1,964$847
41 years$14,376$8,936$5,358$3,122$1,782$749
42 years$13,877$8,511$5,026$2,881$1,617$662
43 years$13,403$8,109$4,716$2,660$1,467$585
44 years$12,951$7,730$4,427$2,456$1,332$518
45 years$12,520$7,371$4,157$2,268$1,209$458
46 years$12,110$7,032$3,904$2,095$1,098$405
47 years$11,718$6,710$3,668$1,936$997$358
48 years$11,343$6,406$3,447$1,789$905$317
49 years$10,985$6,117$3,240$1,653$822$280
50 years$10,642$5,843$3,046$1,528$747$248

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $10,900,000, adding $4,667 every year, while hoping to spend $28,202 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: 46/46/8 Blend
68$10,900,000$10,900,000$10,900,000$10,900,000
69$12,016,614$11,438,914$11,269,964$12,542,649
70$13,212,302$11,969,414$11,617,501$13,436,001
71$14,529,005$12,524,963$11,975,735$14,401,226
72$15,979,036$13,106,760$12,344,996$15,447,616
73$17,575,965$13,716,058$12,725,620$16,582,685
74$19,334,744$14,354,175$13,117,959$17,814,676
75$21,271,848$15,022,490$13,522,370$19,152,635
76$23,405,433$15,722,448$13,939,226$20,606,495
77$25,755,504$16,455,566$14,368,908$22,187,160
78$28,344,109$17,223,432$14,811,809$23,906,605
79$31,195,540$18,027,712$15,268,337$25,777,983
80$34,336,568$18,870,152$15,738,909$27,815,741
81$37,796,691$19,752,583$16,223,955$30,035,751
82$41,608,417$20,676,923$16,723,922$32,455,456
83$45,807,568$21,645,185$17,239,266$35,094,022
84$50,433,618$22,659,477$17,770,459$37,972,517
85$55,530,066$23,722,010$18,317,988$41,114,098
86$61,144,847$24,835,103$18,882,355$44,544,225
87$67,330,782$26,001,184$19,464,075$48,290,889
88$74,146,082$27,222,802$20,063,681$52,384,871
89$81,654,890$28,502,627$20,681,722$56,860,021
90$89,927,893$29,843,459$21,318,764$61,753,571
91$99,042,984$31,248,235$21,975,389$67,106,470
92$109,086,002$32,720,032$22,652,198$72,963,767
93$120,151,538$34,262,077$23,349,810$79,375,020
94$132,343,829$35,877,754$24,068,863$86,394,756
95$145,777,745$37,570,608$24,810,015$94,082,968
96$160,579,867$39,344,361$25,573,943$102,505,676
97$176,889,689$41,202,910$26,361,345$111,735,530
98$194,860,929$43,150,344$27,172,942$121,852,486
99$214,662,982$45,190,950$28,009,475$132,944,544
100$236,482,522$47,329,222$28,871,708$145,108,564