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%14.7%
1 years$900,112$892,094$884,272$876,637$869,181$852,329
2 years$445,600$437,301$429,258$421,460$413,896$396,986
3 years$294,116$285,781$277,758$270,033$262,593$246,152
4 years$218,389$210,079$202,137$194,544$187,283$171,439
5 years$172,964$164,705$156,867$149,428$142,370$127,167
6 years$142,691$134,494$126,772$119,499$112,652$98,108
7 years$121,076$112,948$105,348$98,247$91,616$77,733
8 years$104,872$96,817$89,343$82,417$76,005$62,779
9 years$92,275$84,297$76,951$70,201$64,007$51,431
10 years$82,204$74,303$67,088$60,514$54,537$42,598
11 years$73,969$66,148$59,063$52,665$46,904$35,588
12 years$67,112$59,371$52,417$46,194$40,646$29,937
13 years$61,314$53,654$46,831$40,783$35,444$25,325
14 years$56,349$48,770$42,078$36,202$31,070$21,522
15 years$52,049$44,552$37,991$32,286$27,356$18,359
16 years$48,291$40,876$34,444$28,909$24,178$15,711
17 years$44,978$37,645$31,343$25,974$21,438$13,481
18 years$42,037$34,786$28,612$23,408$19,061$11,594
19 years$39,408$32,239$26,193$21,151$16,990$9,989
20 years$37,046$29,958$24,039$19,156$15,176$8,621
21 years$34,911$27,905$22,111$17,386$13,580$7,450
22 years$32,972$26,048$20,379$15,808$12,173$6,446
23 years$31,205$24,362$18,816$14,396$10,927$5,583
24 years$29,588$22,826$17,402$13,130$9,822$4,840
25 years$28,102$21,421$16,117$11,991$8,838$4,199
26 years$26,733$20,132$14,948$10,964$7,961$3,645
27 years$25,467$18,947$13,881$10,036$7,177$3,166
28 years$24,294$17,853$12,904$9,195$6,476$2,752
29 years$23,203$16,843$12,008$8,432$5,848$2,392
30 years$22,188$15,906$11,185$7,738$5,284$2,081
31 years$21,239$15,037$10,428$7,107$4,777$1,810
32 years$20,352$14,228$9,729$6,532$4,321$1,575
33 years$19,520$13,474$9,084$6,006$3,911$1,371
34 years$18,739$12,770$8,488$5,526$3,541$1,194
35 years$18,004$12,112$7,935$5,087$3,207$1,039
36 years$17,312$11,496$7,423$4,685$2,906$905
37 years$16,658$10,919$6,948$4,317$2,634$789
38 years$16,041$10,377$6,507$3,979$2,388$687
39 years$15,456$9,867$6,096$3,669$2,165$598
40 years$14,902$9,388$5,714$3,384$1,964$521
41 years$14,376$8,936$5,358$3,122$1,782$454
42 years$13,877$8,511$5,026$2,881$1,617$396
43 years$13,403$8,109$4,716$2,660$1,467$345
44 years$12,951$7,730$4,427$2,456$1,332$301
45 years$12,520$7,371$4,157$2,268$1,209$262
46 years$12,110$7,032$3,904$2,095$1,098$228
47 years$11,718$6,710$3,668$1,936$997$199
48 years$11,343$6,406$3,447$1,789$905$174
49 years$10,985$6,117$3,240$1,653$822$151
50 years$10,642$5,843$3,046$1,528$747$132

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 $5,992 every year, while hoping to spend $44,106 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: 62/22/16 Blend
68$10,900,000$10,900,000$10,900,000$10,900,000
69$12,017,981$11,440,281$11,271,331$12,714,690
70$13,196,886$11,953,926$11,601,992$13,697,598
71$14,494,562$12,491,262$11,942,252$14,764,611
72$15,923,076$13,053,402$12,292,386$15,928,379
73$17,495,725$13,641,514$12,652,676$17,198,303
74$19,227,163$14,256,822$13,023,414$18,584,725
75$21,133,533$14,900,606$13,404,899$20,099,021
76$23,232,627$15,574,209$13,797,436$21,753,707
77$25,544,048$16,279,038$14,201,343$23,562,554
78$28,089,397$17,016,568$14,616,945$25,540,715
79$30,892,477$17,788,341$15,044,574$27,704,865
80$33,979,518$18,595,978$15,484,575$30,073,354
81$37,379,420$19,441,172$15,937,300$32,666,380
82$41,124,034$20,325,702$16,403,112$35,506,174
83$45,248,453$21,251,430$16,882,384$38,617,204
84$49,791,350$22,220,305$17,375,500$42,026,408
85$54,795,342$23,234,374$17,882,852$45,763,438
86$60,307,386$24,295,778$18,404,847$49,860,942
87$66,379,231$25,406,762$18,941,901$54,354,863
88$73,067,900$26,569,681$19,494,442$59,284,774
89$80,436,229$27,786,999$20,062,910$64,694,251
90$88,553,464$29,061,300$20,647,756$70,631,275
91$97,495,907$30,395,294$21,249,446$77,148,683
92$107,347,644$31,791,819$21,868,457$84,304,659
93$118,201,334$33,253,848$22,505,281$92,163,278
94$130,159,084$34,784,500$23,160,421$100,795,108
95$143,333,412$36,387,042$23,834,397$110,277,867
96$157,848,312$38,064,899$24,527,741$120,697,149
97$173,840,421$39,821,660$25,241,002$132,147,230
98$191,460,310$41,661,087$25,974,741$144,731,948
99$210,873,904$43,587,124$26,729,538$158,565,676
100$232,264,052$45,603,902$27,505,987$173,774,395