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%18.5%
1 years$900,112$892,094$884,272$876,637$869,181$839,344
2 years$445,600$437,301$429,258$421,460$413,896$384,139
3 years$294,116$285,781$277,758$270,033$262,593$233,851
4 years$218,389$210,079$202,137$194,544$187,283$159,777
5 years$172,964$164,705$156,867$149,428$142,370$116,171
6 years$142,691$134,494$126,772$119,499$112,652$87,782
7 years$121,076$112,948$105,348$98,247$91,616$68,070
8 years$104,872$96,817$89,343$82,417$76,005$53,763
9 years$92,275$84,297$76,951$70,201$64,007$43,043
10 years$82,204$74,303$67,088$60,514$54,537$34,817
11 years$73,969$66,148$59,063$52,665$46,904$28,388
12 years$67,112$59,371$52,417$46,194$40,646$23,291
13 years$61,314$53,654$46,831$40,783$35,444$19,205
14 years$56,349$48,770$42,078$36,202$31,070$15,900
15 years$52,049$44,552$37,991$32,286$27,356$13,206
16 years$48,291$40,876$34,444$28,909$24,178$10,999
17 years$44,978$37,645$31,343$25,974$21,438$9,180
18 years$42,037$34,786$28,612$23,408$19,061$7,676
19 years$39,408$32,239$26,193$21,151$16,990$6,428
20 years$37,046$29,958$24,039$19,156$15,176$5,390
21 years$34,911$27,905$22,111$17,386$13,580$4,524
22 years$32,972$26,048$20,379$15,808$12,173$3,800
23 years$31,205$24,362$18,816$14,396$10,927$3,195
24 years$29,588$22,826$17,402$13,130$9,822$2,687
25 years$28,102$21,421$16,117$11,991$8,838$2,262
26 years$26,733$20,132$14,948$10,964$7,961$1,904
27 years$25,467$18,947$13,881$10,036$7,177$1,604
28 years$24,294$17,853$12,904$9,195$6,476$1,351
29 years$23,203$16,843$12,008$8,432$5,848$1,139
30 years$22,188$15,906$11,185$7,738$5,284$960
31 years$21,239$15,037$10,428$7,107$4,777$809
32 years$20,352$14,228$9,729$6,532$4,321$682
33 years$19,520$13,474$9,084$6,006$3,911$575
34 years$18,739$12,770$8,488$5,526$3,541$485
35 years$18,004$12,112$7,935$5,087$3,207$409
36 years$17,312$11,496$7,423$4,685$2,906$345
37 years$16,658$10,919$6,948$4,317$2,634$291
38 years$16,041$10,377$6,507$3,979$2,388$246
39 years$15,456$9,867$6,096$3,669$2,165$207
40 years$14,902$9,388$5,714$3,384$1,964$175
41 years$14,376$8,936$5,358$3,122$1,782$148
42 years$13,877$8,511$5,026$2,881$1,617$125
43 years$13,403$8,109$4,716$2,660$1,467$105
44 years$12,951$7,730$4,427$2,456$1,332$89
45 years$12,520$7,371$4,157$2,268$1,209$75
46 years$12,110$7,032$3,904$2,095$1,098$63
47 years$11,718$6,710$3,668$1,936$997$53
48 years$11,343$6,406$3,447$1,789$905$45
49 years$10,985$6,117$3,240$1,653$822$38
50 years$10,642$5,843$3,046$1,528$747$32

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 $4,389 every year, while hoping to spend $22,483 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: 74/21/5 Blend
68$10,900,000$10,900,000$10,900,000$10,900,000
69$12,016,327$11,438,627$11,269,677$12,900,854
70$13,218,071$11,975,198$11,623,290$14,019,814
71$14,541,639$12,537,308$11,987,995$15,241,897
72$15,999,433$13,126,183$12,364,140$16,579,928
73$17,605,121$13,743,112$12,752,084$18,045,354
74$19,373,762$14,389,443$13,152,198$19,650,774
75$21,321,952$15,066,591$13,564,862$21,410,052
76$23,467,977$15,776,040$13,990,471$23,338,447
77$25,831,988$16,519,344$14,429,429$25,452,756
78$28,436,193$17,298,134$14,882,157$27,771,469
79$31,305,061$18,114,118$15,349,085$30,314,939
80$34,465,557$18,969,090$15,830,660$33,105,575
81$37,947,396$19,864,928$16,327,339$36,168,045
82$41,783,323$20,803,602$16,839,598$39,529,511
83$46,009,421$21,787,178$17,367,923$43,219,878
84$50,665,453$22,817,821$17,912,820$47,272,076
85$55,795,238$23,897,802$18,474,808$51,722,364
86$61,447,060$25,029,503$19,054,422$56,610,671
87$67,674,131$26,215,419$19,652,216$61,980,968
88$74,535,087$27,458,169$20,268,759$67,881,676
89$82,094,543$28,760,496$20,904,640$74,366,125
90$90,423,705$30,125,279$21,560,464$81,493,047
91$99,601,040$31,555,535$22,236,857$89,327,127
92$109,713,018$33,054,429$22,934,464$97,939,609
93$120,854,928$34,625,277$23,653,950$107,408,965
94$133,131,774$36,271,559$24,396,001$117,821,628
95$146,659,272$37,996,923$25,161,324$129,272,799
96$161,564,939$39,805,194$25,950,650$141,867,348
97$177,989,297$41,700,382$26,764,730$155,720,789
98$196,087,197$43,686,693$27,604,341$170,960,369
99$216,029,288$45,768,538$28,470,284$187,726,259
100$238,003,620$47,950,541$29,363,383$206,172,874