Can I retire at age 69 with 11,400,000?

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 $11,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$941,401$933,016$924,835$916,849$909,052$899,933
2 years$466,040$457,361$448,949$440,793$432,882$423,697
3 years$307,607$298,890$290,500$282,420$274,638$265,673
4 years$228,406$219,716$211,409$203,468$195,874$187,197
5 years$180,898$172,260$164,062$156,283$148,900$140,537
6 years$149,236$140,663$132,587$124,981$117,820$109,781
7 years$126,630$118,129$110,180$102,754$95,819$88,107
8 years$109,682$101,258$93,442$86,197$79,491$72,106
9 years$96,508$88,163$80,481$73,421$66,943$59,883
10 years$85,975$77,712$70,165$63,290$57,039$50,299
11 years$77,362$69,182$61,772$55,081$49,055$42,630
12 years$70,191$62,094$54,821$48,313$42,510$36,393
13 years$64,127$56,115$48,979$42,653$37,070$31,254
14 years$58,934$51,007$44,008$37,863$32,495$26,973
15 years$54,437$46,596$39,733$33,767$28,611$23,374
16 years$50,506$42,751$36,024$30,235$25,287$20,325
17 years$47,042$39,372$32,781$27,166$22,421$17,727
18 years$43,965$36,381$29,924$24,482$19,936$15,500
19 years$41,216$33,718$27,394$22,121$17,769$13,582
20 years$38,745$31,332$25,141$20,035$15,872$11,923
21 years$36,512$29,185$23,125$18,183$14,203$10,484
22 years$34,485$27,243$21,313$16,533$12,731$9,232
23 years$32,637$25,480$19,679$15,057$11,428$8,139
24 years$30,945$23,873$18,200$13,733$10,272$7,183
25 years$29,391$22,404$16,857$12,541$9,243$6,346
26 years$27,959$21,056$15,634$11,467$8,326$5,611
27 years$26,635$19,816$14,517$10,496$7,507$4,964
28 years$25,408$18,672$13,496$9,617$6,773$4,395
29 years$24,268$17,615$12,559$8,819$6,116$3,893
30 years$23,205$16,636$11,698$8,093$5,526$3,450
31 years$22,214$15,726$10,906$7,433$4,996$3,059
32 years$21,286$14,880$10,175$6,831$4,520$2,714
33 years$20,416$14,092$9,501$6,282$4,090$2,408
34 years$19,599$13,356$8,877$5,780$3,703$2,137
35 years$18,830$12,668$8,299$5,321$3,354$1,897
36 years$18,106$12,024$7,764$4,900$3,039$1,685
37 years$17,422$11,420$7,267$4,515$2,754$1,496
38 years$16,776$10,853$6,805$4,162$2,497$1,329
39 years$16,165$10,320$6,376$3,837$2,264$1,181
40 years$15,586$9,819$5,976$3,539$2,054$1,050
41 years$15,036$9,346$5,603$3,265$1,863$933
42 years$14,514$8,901$5,256$3,014$1,691$829
43 years$14,017$8,481$4,932$2,782$1,535$737
44 years$13,545$8,084$4,630$2,569$1,393$655
45 years$13,095$7,709$4,347$2,372$1,264$583
46 years$12,665$7,354$4,083$2,191$1,148$518
47 years$12,255$7,018$3,836$2,024$1,043$461
48 years$11,863$6,700$3,605$1,871$947$410
49 years$11,489$6,398$3,388$1,729$860$364
50 years$11,130$6,111$3,185$1,598$781$324

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,400,000, adding $2,111 every year, while hoping to spend $39,480 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: 80/14/6 Blend
68$11,400,000$11,400,000$11,400,000$11,400,000
69$12,564,977$11,960,777$11,784,077$13,564,378
70$13,804,599$12,504,849$12,136,838$14,763,002
71$15,169,338$13,074,257$12,500,092$16,072,425
72$16,671,916$13,670,201$12,874,151$17,507,937
73$18,326,349$14,293,939$13,259,332$19,082,100
74$20,148,082$14,946,787$13,655,965$20,808,743
75$22,154,134$15,630,127$14,064,388$22,703,096
76$24,363,258$16,345,406$14,484,947$24,781,924
77$26,796,119$17,094,139$14,918,001$27,063,691
78$29,475,487$17,877,916$15,363,919$29,568,728
79$32,426,456$18,698,403$15,823,078$32,319,424
80$35,676,674$19,557,344$16,295,871$35,340,436
81$39,256,609$20,456,569$16,782,698$38,658,919
82$43,199,837$21,397,994$17,283,972$42,304,779
83$47,543,355$22,383,630$17,800,119$46,310,954
84$52,327,931$23,415,582$18,331,577$50,713,724
85$57,598,491$24,496,056$18,878,796$55,553,046
86$63,404,541$25,627,367$19,442,239$60,872,934
87$69,800,635$26,811,939$20,022,385$66,721,868
88$76,846,888$28,052,313$20,619,724$73,153,250
89$84,609,547$29,351,153$21,234,761$80,225,906
90$93,161,612$30,711,250$21,868,017$88,004,634
91$102,583,528$32,135,532$22,520,026$96,560,818
92$112,963,940$33,627,066$23,191,340$105,973,094
93$124,400,537$35,189,067$23,882,524$116,328,091
94$137,000,966$36,824,906$24,594,163$127,721,242
95$150,883,854$38,538,116$25,326,857$140,257,684
96$166,179,923$40,332,399$26,081,223$154,053,245
97$183,033,228$42,211,639$26,857,896$169,235,533
98$201,602,513$44,179,905$27,657,531$185,945,136
99$222,062,711$46,241,462$28,480,800$204,336,943
100$244,606,597$48,400,783$29,328,397$224,581,605