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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$908,370$900,278$892,384$884,679$877,155$849,077
2 years$449,688$441,313$433,196$425,327$417,693$389,664
3 years$296,814$288,403$280,307$272,511$265,002$237,901
4 years$220,392$212,007$203,991$196,329$189,001$163,036
5 years$174,551$166,216$158,306$150,799$143,676$118,916
6 years$144,000$135,728$127,935$120,595$113,686$90,153
7 years$122,187$113,984$106,314$99,148$92,457$70,148
8 years$105,834$97,705$90,163$83,173$76,702$55,602
9 years$93,122$85,070$77,657$70,845$64,594$44,679
10 years$82,958$74,985$67,703$61,069$55,037$36,276
11 years$74,648$66,755$59,605$53,148$47,334$29,693
12 years$67,728$59,915$52,898$46,618$41,019$24,459
13 years$61,877$54,146$47,261$41,157$35,769$20,251
14 years$56,866$49,217$42,464$36,534$31,355$16,836
15 years$52,527$44,961$38,339$32,582$27,607$14,043
16 years$48,734$41,251$34,760$29,174$24,400$11,747
17 years$45,391$37,990$31,630$26,213$21,634$9,848
18 years$42,423$35,105$28,874$23,623$19,236$8,271
19 years$39,770$32,535$26,433$21,345$17,146$6,958
20 years$37,386$30,233$24,259$19,332$15,315$5,861
21 years$35,231$28,161$22,314$17,545$13,705$4,942
22 years$33,275$26,287$20,566$15,953$12,285$4,171
23 years$31,491$24,586$18,989$14,528$11,027$3,523
24 years$29,859$23,035$17,561$13,251$9,912$2,978
25 years$28,360$21,617$16,265$12,101$8,919$2,518
26 years$26,978$20,317$15,085$11,065$8,034$2,131
27 years$25,701$19,121$14,008$10,128$7,243$1,803
28 years$24,517$18,017$13,022$9,279$6,536$1,527
29 years$23,416$16,997$12,118$8,509$5,902$1,293
30 years$22,391$16,052$11,288$7,809$5,332$1,095
31 years$21,434$15,175$10,523$7,172$4,821$928
32 years$20,539$14,358$9,818$6,592$4,361$786
33 years$19,699$13,597$9,167$6,061$3,947$666
34 years$18,911$12,887$8,565$5,577$3,573$565
35 years$18,169$12,223$8,008$5,134$3,236$479
36 years$17,471$11,602$7,491$4,728$2,932$406
37 years$16,811$11,019$7,012$4,357$2,658$344
38 years$16,188$10,472$6,566$4,016$2,409$292
39 years$15,598$9,958$6,152$3,702$2,185$247
40 years$15,039$9,474$5,766$3,415$1,982$210
41 years$14,508$9,018$5,407$3,151$1,798$178
42 years$14,005$8,589$5,072$2,908$1,632$151
43 years$13,526$8,183$4,759$2,684$1,481$128
44 years$13,070$7,801$4,467$2,478$1,344$109
45 years$12,635$7,439$4,195$2,289$1,220$92
46 years$12,221$7,096$3,940$2,114$1,108$78
47 years$11,825$6,772$3,701$1,953$1,006$66
48 years$11,447$6,465$3,478$1,805$914$56
49 years$11,086$6,173$3,269$1,668$830$48
50 years$10,740$5,897$3,074$1,542$754$40

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 $2,588 every year, while hoping to spend $24,411 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: 71/15/14 Blend
68$11,000,000$11,000,000$11,000,000$11,000,000
69$12,124,670$11,541,670$11,371,170$12,947,735
70$13,335,413$12,081,238$11,726,131$14,033,724
71$14,668,834$12,646,428$12,092,165$15,218,982
72$16,137,419$13,238,467$12,469,617$16,515,875
73$17,754,930$13,858,647$12,858,843$17,935,424
74$19,536,530$14,508,317$13,260,211$19,489,759
75$21,498,926$15,188,894$13,674,098$21,192,229
76$23,660,531$15,901,865$14,100,895$23,057,532
77$26,041,635$16,648,786$14,541,005$25,101,846
78$28,664,594$17,431,289$14,994,841$27,342,980
79$31,554,047$18,251,086$15,462,832$29,800,543
80$34,737,142$19,109,972$15,945,420$32,496,123
81$38,243,798$20,009,828$16,443,059$35,453,490
82$42,106,981$20,952,625$16,956,217$38,698,818
83$46,363,022$21,940,433$17,485,380$42,260,926
84$51,051,955$22,975,419$18,031,045$46,171,551
85$56,217,897$24,059,856$18,593,726$50,465,644
86$61,909,461$25,196,128$19,173,955$55,181,694
87$68,180,221$26,386,734$19,772,278$60,362,089
88$75,089,213$27,634,292$20,389,258$66,053,513
89$82,701,492$28,941,552$21,025,477$72,307,385
90$91,088,748$30,311,392$21,681,535$79,180,336
91$100,329,983$31,746,833$22,358,049$86,734,743
92$110,512,255$33,251,042$23,055,658$95,039,313
93$121,731,500$34,827,338$23,775,017$104,169,726
94$134,093,439$36,479,203$24,516,806$114,209,345
95$147,714,573$38,210,287$25,281,722$125,250,000
96$162,723,286$40,024,418$26,070,486$137,392,847
97$179,261,055$41,925,609$26,883,842$150,749,320
98$197,483,787$43,918,067$27,722,554$165,442,176
99$217,563,287$46,006,207$28,587,414$181,606,649
100$239,688,886$48,194,654$29,479,236$199,391,720