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%11.7%
1 years$933,143$924,831$916,722$908,807$901,078$894,649
2 years$461,952$453,349$445,011$436,926$429,085$422,602
3 years$304,909$296,268$287,951$279,943$272,229$265,894
4 years$226,403$217,789$209,555$201,683$194,156$188,016
5 years$179,311$170,749$162,623$154,912$147,594$141,669
6 years$147,927$139,429$131,424$123,884$116,786$111,082
7 years$125,519$117,093$109,214$101,852$94,979$89,498
8 years$108,720$100,370$92,622$85,441$78,794$73,538
9 years$95,662$87,390$79,775$72,777$66,356$61,323
10 years$85,221$77,030$69,550$62,734$56,538$51,725
11 years$76,684$68,575$61,231$54,598$48,625$44,028
12 years$69,575$61,550$54,341$47,890$42,137$37,753
13 years$63,564$55,623$48,550$42,279$36,745$32,568
14 years$58,417$50,560$43,622$37,531$32,210$28,237
15 years$53,959$46,187$39,385$33,471$28,360$24,585
16 years$50,063$42,376$35,708$29,970$25,065$21,481
17 years$46,629$39,027$32,493$26,927$22,224$18,826
18 years$43,580$36,062$29,662$24,267$19,761$16,543
19 years$40,855$33,422$27,154$21,927$17,613$14,569
20 years$38,405$31,057$24,921$19,859$15,732$12,855
21 years$36,192$28,929$22,922$18,024$14,079$11,363
22 years$34,182$27,004$21,126$16,388$12,620$10,058
23 years$32,350$25,256$19,506$14,925$11,328$8,915
24 years$30,673$23,664$18,040$13,612$10,182$7,910
25 years$29,133$22,207$16,709$12,431$9,162$7,026
26 years$27,714$20,871$15,497$11,367$8,253$6,246
27 years$26,402$19,642$14,390$10,404$7,441$5,557
28 years$25,185$18,509$13,377$9,532$6,714$4,948
29 years$24,055$17,461$12,449$8,741$6,063$4,408
30 years$23,002$16,490$11,596$8,022$5,478$3,929
31 years$22,019$15,588$10,810$7,368$4,953$3,503
32 years$21,099$14,750$10,086$6,771$4,480$3,125
33 years$20,237$13,968$9,417$6,227$4,054$2,789
34 years$19,427$13,239$8,799$5,729$3,671$2,490
35 years$18,665$12,557$8,227$5,274$3,325$2,224
36 years$17,947$11,918$7,696$4,857$3,012$1,987
37 years$17,269$11,320$7,203$4,475$2,730$1,775
38 years$16,629$10,758$6,745$4,125$2,475$1,586
39 years$16,023$10,229$6,320$3,803$2,245$1,418
40 years$15,449$9,732$5,923$3,508$2,036$1,267
41 years$14,904$9,264$5,554$3,237$1,847$1,133
42 years$14,387$8,823$5,210$2,987$1,676$1,013
43 years$13,894$8,407$4,889$2,757$1,521$906
44 years$13,426$8,013$4,589$2,546$1,381$811
45 years$12,980$7,641$4,309$2,351$1,253$725
46 years$12,554$7,290$4,047$2,172$1,138$649
47 years$12,148$6,956$3,802$2,007$1,033$580
48 years$11,759$6,641$3,573$1,854$938$519
49 years$11,388$6,342$3,358$1,714$852$465
50 years$11,033$6,058$3,157$1,584$774$416

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 $2,710 every year, while hoping to spend $28,630 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: 60/12/28 Blend
68$11,300,000$11,300,000$11,300,000$11,300,000
69$12,455,395$11,856,495$11,681,345$13,108,137
70$13,695,384$12,407,002$12,042,208$14,104,284
71$15,060,891$12,983,523$12,414,201$15,187,451
72$16,564,691$13,587,304$12,797,665$16,368,810
73$18,220,857$14,219,650$13,192,954$17,657,933
74$20,044,898$14,881,927$13,600,433$19,065,354
75$22,053,906$15,575,570$14,020,475$20,602,661
76$24,266,712$16,302,080$14,453,469$22,282,606
77$26,704,069$17,063,034$14,899,812$24,119,227
78$29,388,844$17,860,082$15,359,916$26,127,968
79$32,346,235$18,694,956$15,834,203$28,325,833
80$35,604,013$19,569,470$16,323,110$30,731,536
81$39,192,775$20,485,527$16,827,087$33,365,680
82$43,146,241$21,445,121$17,346,597$36,250,944
83$47,501,569$22,450,343$17,882,119$39,412,300
84$52,299,704$23,503,385$18,434,145$42,877,239
85$57,585,768$24,606,545$19,003,183$46,676,031
86$63,409,482$25,762,231$19,589,755$50,842,008
87$69,825,638$26,972,970$20,194,402$55,411,872
88$76,894,617$28,241,410$20,817,678$60,426,040
89$84,682,955$29,570,326$21,460,157$65,929,022
90$93,263,974$30,962,629$22,122,430$71,969,835
91$102,718,472$32,421,371$22,805,104$78,602,464
92$113,135,489$33,949,750$23,508,808$85,886,367
93$124,613,143$35,551,122$24,234,187$93,887,028
94$137,259,559$37,229,003$24,981,908$102,676,575
95$151,193,891$38,987,080$25,752,658$112,334,456
96$166,547,440$40,829,220$26,547,145$122,948,179
97$183,464,902$42,759,475$27,366,097$134,614,138
98$202,105,728$44,782,095$28,210,268$147,438,516
99$222,645,632$46,901,538$29,080,432$161,538,278
100$245,278,248$49,122,474$29,977,387$177,042,276