Can I retire at age 69 with 11,300,000?

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 $11,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$933,143$924,831$916,722$908,807$901,078$866,696
2 years$461,952$453,349$445,011$436,926$429,085$394,850
3 years$304,909$296,268$287,951$279,943$272,229$239,219
4 years$226,403$217,789$209,555$201,683$194,156$162,622
5 years$179,311$170,749$162,623$154,912$147,594$117,617
6 years$147,927$139,429$131,424$123,884$116,786$88,387
7 years$125,519$117,093$109,214$101,852$94,979$68,148
8 years$108,720$100,370$92,622$85,441$78,794$53,507
9 years$95,662$87,390$79,775$72,777$66,356$42,576
10 years$85,221$77,030$69,550$62,734$56,538$34,222
11 years$76,684$68,575$61,231$54,598$48,625$27,722
12 years$69,575$61,550$54,341$47,890$42,137$22,593
13 years$63,564$55,623$48,550$42,279$36,745$18,503
14 years$58,417$50,560$43,622$37,531$32,210$15,212
15 years$53,959$46,187$39,385$33,471$28,360$12,545
16 years$50,063$42,376$35,708$29,970$25,065$10,372
17 years$46,629$39,027$32,493$26,927$22,224$8,594
18 years$43,580$36,062$29,662$24,267$19,761$7,132
19 years$40,855$33,422$27,154$21,927$17,613$5,928
20 years$38,405$31,057$24,921$19,859$15,732$4,932
21 years$36,192$28,929$22,922$18,024$14,079$4,108
22 years$34,182$27,004$21,126$16,388$12,620$3,424
23 years$32,350$25,256$19,506$14,925$11,328$2,856
24 years$30,673$23,664$18,040$13,612$10,182$2,383
25 years$29,133$22,207$16,709$12,431$9,162$1,990
26 years$27,714$20,871$15,497$11,367$8,253$1,662
27 years$26,402$19,642$14,390$10,404$7,441$1,388
28 years$25,185$18,509$13,377$9,532$6,714$1,160
29 years$24,055$17,461$12,449$8,741$6,063$970
30 years$23,002$16,490$11,596$8,022$5,478$811
31 years$22,019$15,588$10,810$7,368$4,953$678
32 years$21,099$14,750$10,086$6,771$4,480$567
33 years$20,237$13,968$9,417$6,227$4,054$474
34 years$19,427$13,239$8,799$5,729$3,671$397
35 years$18,665$12,557$8,227$5,274$3,325$332
36 years$17,947$11,918$7,696$4,857$3,012$278
37 years$17,269$11,320$7,203$4,475$2,730$232
38 years$16,629$10,758$6,745$4,125$2,475$194
39 years$16,023$10,229$6,320$3,803$2,245$163
40 years$15,449$9,732$5,923$3,508$2,036$136
41 years$14,904$9,264$5,554$3,237$1,847$114
42 years$14,387$8,823$5,210$2,987$1,676$95
43 years$13,894$8,407$4,889$2,757$1,521$80
44 years$13,426$8,013$4,589$2,546$1,381$67
45 years$12,980$7,641$4,309$2,351$1,253$56
46 years$12,554$7,290$4,047$2,172$1,138$47
47 years$12,148$6,956$3,802$2,007$1,033$39
48 years$11,759$6,641$3,573$1,854$938$33
49 years$11,388$6,342$3,358$1,714$852$27
50 years$11,033$6,058$3,157$1,584$774$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,300,000, adding $5,160 every year, while hoping to spend $45,389 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: 64/6/30 Blend
68$11,300,000$11,300,000$11,300,000$11,300,000
69$12,457,923$11,859,023$11,683,873$13,154,899
70$13,680,337$12,391,821$12,026,989$14,161,157
71$15,025,917$12,949,206$12,380,078$15,254,844
72$16,507,176$13,532,333$12,743,427$16,449,028
73$18,137,906$14,142,414$13,117,329$17,753,602
74$19,933,300$14,780,721$13,502,087$19,179,458
75$21,910,102$15,448,582$13,898,013$20,738,583
76$24,086,762$16,147,391$14,305,426$22,444,178
77$26,483,608$16,878,610$14,724,654$24,310,775
78$29,123,043$17,643,769$15,156,037$26,354,373
79$32,029,751$18,444,471$15,599,921$28,592,590
80$35,230,932$19,282,396$16,056,665$31,044,829
81$38,756,558$20,159,305$16,526,635$33,732,452
82$42,639,659$21,077,043$17,010,209$36,678,988
83$46,916,629$22,037,543$17,507,776$39,910,346
84$51,627,574$23,042,831$18,019,735$43,455,065
85$56,816,686$24,095,029$18,546,496$47,344,573
86$62,532,666$25,196,363$19,088,481$51,613,489
87$68,829,176$26,349,164$19,646,123$56,299,942
88$75,765,354$27,555,874$20,219,870$61,445,932
89$83,406,362$28,819,055$20,810,179$67,097,720
90$91,824,012$30,141,389$21,417,520$73,306,269
91$101,097,433$31,525,689$22,042,379$80,127,714
92$111,313,825$32,974,902$22,685,253$87,623,896
93$122,569,280$34,492,117$23,346,653$95,862,939
94$134,969,686$36,080,570$24,027,106$104,919,892
95$148,631,732$37,743,656$24,727,151$114,877,434
96$163,684,003$39,484,929$25,447,345$125,826,650
97$180,268,198$41,308,118$26,188,258$137,867,890
98$198,540,467$43,217,128$26,950,478$151,111,710
99$218,672,882$45,216,055$27,734,606$165,679,915
100$240,855,064$47,309,190$28,541,263$181,706,703