Can I retire at age 69 with 11,600,000?

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$957,917$949,385$941,060$932,934$925,000$909,302
2 years$474,216$465,385$456,825$448,526$440,476$424,709
3 years$313,004$304,134$295,596$287,375$279,456$264,111
4 years$232,413$223,571$215,118$207,038$199,311$184,505
5 years$184,072$175,282$166,941$159,025$151,513$137,290
6 years$151,855$143,131$134,913$127,173$119,887$106,263
7 years$128,851$120,201$112,113$104,556$97,500$84,479
8 years$111,607$103,035$95,081$87,710$80,886$68,465
9 years$98,201$89,710$81,893$74,709$68,118$56,290
10 years$87,483$79,075$71,396$64,400$58,040$46,795
11 years$78,720$70,396$62,856$56,047$49,916$39,242
12 years$71,422$63,184$55,783$49,161$43,256$33,139
13 years$65,252$57,100$49,839$43,402$37,720$28,145
14 years$59,968$51,902$44,780$38,527$33,065$24,016
15 years$55,392$47,413$40,431$34,360$29,113$20,572
16 years$51,392$43,501$36,656$30,765$25,730$17,679
17 years$47,867$40,063$33,356$27,642$22,814$15,235
18 years$44,737$37,020$30,449$24,911$20,285$13,159
19 years$41,939$34,309$27,875$22,509$18,081$11,388
20 years$39,425$31,882$25,582$20,387$16,150$9,873
21 years$37,153$29,697$23,531$18,502$14,453$8,571
22 years$35,090$27,721$21,687$16,823$12,955$7,450
23 years$33,209$25,927$20,024$15,321$11,629$6,483
24 years$31,488$24,292$18,519$13,973$10,452$5,647
25 years$29,907$22,797$17,152$12,761$9,405$4,922
26 years$28,449$21,425$15,908$11,668$8,472$4,293
27 years$27,102$20,164$14,772$10,680$7,638$3,747
28 years$25,854$19,000$13,732$9,785$6,892$3,272
29 years$24,694$17,924$12,779$8,973$6,223$2,859
30 years$23,613$16,928$11,903$8,235$5,623$2,499
31 years$22,603$16,002$11,097$7,564$5,084$2,185
32 years$21,659$15,141$10,354$6,951$4,599$1,911
33 years$20,774$14,339$9,667$6,392$4,162$1,672
34 years$19,943$13,590$9,033$5,881$3,768$1,463
35 years$19,160$12,890$8,445$5,414$3,413$1,280
36 years$18,423$12,235$7,900$4,986$3,092$1,121
37 years$17,728$11,620$7,394$4,594$2,803$981
38 years$17,071$11,043$6,924$4,235$2,541$859
39 years$16,449$10,501$6,487$3,904$2,304$752
40 years$15,859$9,991$6,081$3,601$2,090$659
41 years$15,300$9,510$5,702$3,323$1,896$577
42 years$14,768$9,057$5,348$3,066$1,720$505
43 years$14,263$8,630$5,019$2,831$1,561$443
44 years$13,782$8,226$4,711$2,614$1,417$388
45 years$13,324$7,844$4,423$2,414$1,287$340
46 years$12,887$7,483$4,155$2,230$1,168$298
47 years$12,470$7,141$3,903$2,060$1,061$261
48 years$12,072$6,817$3,668$1,903$963$229
49 years$11,690$6,510$3,448$1,759$875$200
50 years$11,326$6,219$3,241$1,626$795$175

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,600,000, adding $3,572 every year, while hoping to spend $23,982 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: 51/36/13 Blend
68$11,600,000$11,600,000$11,600,000$11,600,000
69$12,786,885$12,172,085$11,992,285$13,394,102
70$14,065,630$12,743,000$12,368,509$14,381,092
71$15,474,004$13,341,087$12,756,534$15,450,680
72$17,025,203$13,967,650$13,156,728$16,612,930
73$18,733,769$14,624,060$13,569,474$17,876,582
74$20,615,726$15,311,752$13,995,165$19,251,239
75$22,688,733$16,032,232$14,434,206$20,747,447
76$24,972,249$16,787,075$14,887,016$22,376,794
77$27,487,715$17,577,939$15,354,028$24,152,015
78$30,258,759$18,406,555$15,835,685$26,087,103
79$33,311,420$19,274,744$16,332,448$28,197,442
80$36,674,390$20,184,412$16,844,790$30,499,939
81$40,379,287$21,137,557$17,373,200$33,013,187
82$44,460,953$22,136,276$17,918,181$35,757,625
83$48,957,782$23,182,765$18,480,252$38,755,733
84$53,912,085$24,279,330$19,059,950$42,032,232
85$59,370,487$25,428,386$19,657,827$45,614,311
86$65,384,365$26,632,465$20,274,452$49,531,881
87$72,010,339$27,894,225$20,910,415$53,817,844
88$79,310,800$29,216,448$21,566,321$58,508,399
89$87,354,503$30,602,056$22,242,794$63,643,374
90$96,217,216$32,054,110$22,940,481$69,266,594
91$105,982,430$33,575,820$23,660,045$75,426,286
92$116,742,155$35,170,552$24,402,174$82,175,524
93$128,597,781$36,841,835$25,167,573$89,572,719
94$141,661,041$38,593,372$25,956,973$97,682,164
95$156,055,062$40,429,041$26,771,126$106,574,624
96$171,915,527$42,352,913$27,610,808$116,327,999
97$189,391,960$44,369,255$28,476,818$127,028,041
98$208,649,131$46,482,540$29,369,984$138,769,156
99$229,868,619$48,697,461$30,291,154$151,655,281
100$253,250,519$51,018,937$31,241,209$165,800,849