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%15.3%
1 years$933,143$924,831$916,722$908,807$901,078$881,444
2 years$461,952$453,349$445,011$436,926$429,085$409,403
3 years$304,909$296,268$287,951$279,943$272,229$253,113
4 years$226,403$217,789$209,555$201,683$194,156$175,754
5 years$179,311$170,749$162,623$154,912$147,594$129,958
6 years$147,927$139,429$131,424$123,884$116,786$99,934
7 years$125,519$117,093$109,214$101,852$94,979$78,913
8 years$108,720$100,370$92,622$85,441$78,794$63,510
9 years$95,662$87,390$79,775$72,777$66,356$51,843
10 years$85,221$77,030$69,550$62,734$56,538$42,781
11 years$76,684$68,575$61,231$54,598$48,625$35,605
12 years$69,575$61,550$54,341$47,890$42,137$29,835
13 years$63,564$55,623$48,550$42,279$36,745$25,138
14 years$58,417$50,560$43,622$37,531$32,210$21,276
15 years$53,959$46,187$39,385$33,471$28,360$18,075
16 years$50,063$42,376$35,708$29,970$25,065$15,402
17 years$46,629$39,027$32,493$26,927$22,224$13,159
18 years$43,580$36,062$29,662$24,267$19,761$11,267
19 years$40,855$33,422$27,154$21,927$17,613$9,665
20 years$38,405$31,057$24,921$19,859$15,732$8,303
21 years$36,192$28,929$22,922$18,024$14,079$7,143
22 years$34,182$27,004$21,126$16,388$12,620$6,152
23 years$32,350$25,256$19,506$14,925$11,328$5,304
24 years$30,673$23,664$18,040$13,612$10,182$4,576
25 years$29,133$22,207$16,709$12,431$9,162$3,951
26 years$27,714$20,871$15,497$11,367$8,253$3,413
27 years$26,402$19,642$14,390$10,404$7,441$2,950
28 years$25,185$18,509$13,377$9,532$6,714$2,552
29 years$24,055$17,461$12,449$8,741$6,063$2,207
30 years$23,002$16,490$11,596$8,022$5,478$1,910
31 years$22,019$15,588$10,810$7,368$4,953$1,654
32 years$21,099$14,750$10,086$6,771$4,480$1,432
33 years$20,237$13,968$9,417$6,227$4,054$1,240
34 years$19,427$13,239$8,799$5,729$3,671$1,074
35 years$18,665$12,557$8,227$5,274$3,325$931
36 years$17,947$11,918$7,696$4,857$3,012$807
37 years$17,269$11,320$7,203$4,475$2,730$699
38 years$16,629$10,758$6,745$4,125$2,475$606
39 years$16,023$10,229$6,320$3,803$2,245$525
40 years$15,449$9,732$5,923$3,508$2,036$455
41 years$14,904$9,264$5,554$3,237$1,847$395
42 years$14,387$8,823$5,210$2,987$1,676$342
43 years$13,894$8,407$4,889$2,757$1,521$297
44 years$13,426$8,013$4,589$2,546$1,381$257
45 years$12,980$7,641$4,309$2,351$1,253$223
46 years$12,554$7,290$4,047$2,172$1,138$193
47 years$12,148$6,956$3,802$2,007$1,033$168
48 years$11,759$6,641$3,573$1,854$938$145
49 years$11,388$6,342$3,358$1,714$852$126
50 years$11,033$6,058$3,157$1,584$774$109

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 $5,429 every year, while hoping to spend $50,698 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: 35/38/27 Blend
68$11,300,000$11,300,000$11,300,000$11,300,000
69$12,458,200$11,859,300$11,684,150$12,792,531
70$13,674,994$12,386,463$12,021,627$13,569,930
71$15,014,202$12,937,759$12,368,710$14,403,179
72$16,488,257$13,514,315$12,725,667$15,301,267
73$18,110,857$14,117,314$13,092,775$16,270,026
74$19,897,097$14,747,995$13,470,316$17,315,850
75$21,863,610$15,407,657$13,858,581$18,445,754
76$24,028,724$16,097,657$14,257,869$19,667,431
77$26,412,632$16,819,421$14,668,486$20,989,324
78$29,037,588$17,574,440$15,090,748$22,420,699
79$31,928,112$18,364,277$15,524,977$23,971,727
80$35,111,223$19,190,570$15,971,508$25,653,574
81$38,616,694$20,055,034$16,430,679$27,478,503
82$42,477,333$20,959,467$16,902,844$29,459,983
83$46,729,292$21,905,752$17,388,360$31,612,809
84$51,412,408$22,895,862$17,887,598$33,953,236
85$56,570,578$23,931,865$18,400,938$36,499,124
86$62,252,176$25,015,925$18,928,768$39,270,105
87$68,510,507$26,150,314$19,471,491$42,287,754
88$75,404,308$27,337,409$20,029,515$45,575,789
89$82,998,308$28,579,702$20,603,264$49,160,287
90$91,363,832$29,879,804$21,193,170$53,069,921
91$100,579,480$31,240,452$21,799,679$57,336,222
92$110,731,866$32,664,513$22,423,246$61,993,866
93$121,916,433$34,154,991$23,064,342$67,080,995
94$134,238,358$35,715,034$23,723,446$72,639,566
95$147,813,542$37,347,943$24,401,054$78,715,734
96$162,769,706$39,057,175$25,097,672$85,360,282
97$179,247,593$40,846,353$25,813,821$92,629,084
98$197,402,299$42,719,276$26,550,035$100,583,625
99$217,404,736$44,679,922$27,306,863$109,291,563
100$239,443,244$46,732,464$28,084,868$118,827,363