Can I retire at age 69 with 11,000,000?

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 $11,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$908,370$900,278$892,384$884,679$877,155$867,274
2 years$449,688$441,313$433,196$425,327$417,693$407,745
3 years$296,814$288,403$280,307$272,511$265,002$255,296
4 years$220,392$212,007$203,991$196,329$189,001$179,613
5 years$174,551$166,216$158,306$150,799$143,676$134,632
6 years$144,000$135,728$127,935$120,595$113,686$104,998
7 years$122,187$113,984$106,314$99,148$92,457$84,129
8 years$105,834$97,705$90,163$83,173$76,702$68,732
9 years$93,122$85,070$77,657$70,845$64,594$56,980
10 years$82,958$74,985$67,703$61,069$55,037$47,774
11 years$74,648$66,755$59,605$53,148$47,334$40,415
12 years$67,728$59,915$52,898$46,618$41,019$34,437
13 years$61,877$54,146$47,261$41,157$35,769$29,516
14 years$56,866$49,217$42,464$36,534$31,355$25,422
15 years$52,527$44,961$38,339$32,582$27,607$21,986
16 years$48,734$41,251$34,760$29,174$24,400$19,079
17 years$45,391$37,990$31,630$26,213$21,634$16,605
18 years$42,423$35,105$28,874$23,623$19,236$14,488
19 years$39,770$32,535$26,433$21,345$17,146$12,667
20 years$37,386$30,233$24,259$19,332$15,315$11,096
21 years$35,231$28,161$22,314$17,545$13,705$9,735
22 years$33,275$26,287$20,566$15,953$12,285$8,553
23 years$31,491$24,586$18,989$14,528$11,027$7,523
24 years$29,859$23,035$17,561$13,251$9,912$6,624
25 years$28,360$21,617$16,265$12,101$8,919$5,838
26 years$26,978$20,317$15,085$11,065$8,034$5,150
27 years$25,701$19,121$14,008$10,128$7,243$4,545
28 years$24,517$18,017$13,022$9,279$6,536$4,015
29 years$23,416$16,997$12,118$8,509$5,902$3,548
30 years$22,391$16,052$11,288$7,809$5,332$3,136
31 years$21,434$15,175$10,523$7,172$4,821$2,774
32 years$20,539$14,358$9,818$6,592$4,361$2,455
33 years$19,699$13,597$9,167$6,061$3,947$2,172
34 years$18,911$12,887$8,565$5,577$3,573$1,923
35 years$18,169$12,223$8,008$5,134$3,236$1,703
36 years$17,471$11,602$7,491$4,728$2,932$1,509
37 years$16,811$11,019$7,012$4,357$2,658$1,337
38 years$16,188$10,472$6,566$4,016$2,409$1,184
39 years$15,598$9,958$6,152$3,702$2,185$1,050
40 years$15,039$9,474$5,766$3,415$1,982$930
41 years$14,508$9,018$5,407$3,151$1,798$825
42 years$14,005$8,589$5,072$2,908$1,632$731
43 years$13,526$8,183$4,759$2,684$1,481$648
44 years$13,070$7,801$4,467$2,478$1,344$575
45 years$12,635$7,439$4,195$2,289$1,220$510
46 years$12,221$7,096$3,940$2,114$1,108$452
47 years$11,825$6,772$3,701$1,953$1,006$401
48 years$11,447$6,465$3,478$1,805$914$356
49 years$11,086$6,173$3,269$1,668$830$315
50 years$10,740$5,897$3,074$1,542$754$280

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,000,000, adding $4,991 every year, while hoping to spend $25,137 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: 77/9/14 Blend
68$11,000,000$11,000,000$11,000,000$11,000,000
69$12,127,148$11,544,148$11,373,648$13,025,455
70$13,337,372$12,083,066$11,727,920$14,157,312
71$14,670,196$12,647,548$12,093,217$15,394,488
72$16,138,098$13,238,821$12,469,883$16,750,460
73$17,754,831$13,858,170$12,858,270$18,237,070
74$19,535,546$14,506,942$13,258,744$19,867,354
75$21,496,939$15,186,550$13,671,680$21,655,668
76$23,657,412$15,898,475$14,097,466$23,617,821
77$26,037,237$16,644,270$14,536,501$25,771,221
78$28,658,758$17,425,562$14,989,196$28,135,041
79$31,546,594$18,244,058$15,455,977$30,730,393
80$34,727,876$19,101,546$15,937,282$33,580,531
81$38,232,500$19,999,902$16,433,561$36,711,065
82$42,093,411$20,941,093$16,945,281$40,150,205
83$46,346,912$21,927,179$17,472,921$43,929,018
84$51,033,009$22,960,323$18,016,976$48,081,728
85$56,195,788$24,042,791$18,577,956$52,646,030
86$61,883,828$25,176,958$19,156,388$57,663,448
87$68,150,665$26,365,315$19,752,814$63,179,720
88$75,055,292$27,610,475$20,367,792$69,245,234
89$82,662,718$28,915,174$21,001,899$75,915,495
90$91,044,583$30,282,286$21,655,731$83,251,648
91$100,279,832$31,714,819$22,329,899$91,321,054
92$110,455,461$33,215,931$23,025,036$100,197,922
93$121,667,336$34,788,930$23,741,794$109,964,008
94$134,021,104$36,437,287$24,480,843$120,709,379
95$147,633,182$38,164,640$25,242,877$132,533,266
96$162,631,863$39,974,804$26,028,610$145,544,992
97$179,158,523$41,871,779$26,838,778$159,865,006
98$197,368,955$43,859,759$27,674,141$175,626,011
99$217,434,844$45,943,143$28,535,480$192,974,215
100$239,545,383$48,126,541$29,423,603$212,070,711