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

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 $11,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$957,917$949,385$941,060$932,934$925,000$908,182
2 years$474,216$465,385$456,825$448,526$440,476$423,592
3 years$313,004$304,134$295,596$287,375$279,456$263,033
4 years$232,413$223,571$215,118$207,038$199,311$183,474
5 years$184,072$175,282$166,941$159,025$151,513$136,308
6 years$151,855$143,131$134,913$127,173$119,887$105,331
7 years$128,851$120,201$112,113$104,556$97,500$83,598
8 years$111,607$103,035$95,081$87,710$80,886$67,633
9 years$98,201$89,710$81,893$74,709$68,118$55,506
10 years$87,483$79,075$71,396$64,400$58,040$46,059
11 years$78,720$70,396$62,856$56,047$49,916$38,552
12 years$71,422$63,184$55,783$49,161$43,256$32,494
13 years$65,252$57,100$49,839$43,402$37,720$27,542
14 years$59,968$51,902$44,780$38,527$33,065$23,454
15 years$55,392$47,413$40,431$34,360$29,113$20,049
16 years$51,392$43,501$36,656$30,765$25,730$17,193
17 years$47,867$40,063$33,356$27,642$22,814$14,785
18 years$44,737$37,020$30,449$24,911$20,285$12,742
19 years$41,939$34,309$27,875$22,509$18,081$11,003
20 years$39,425$31,882$25,582$20,387$16,150$9,518
21 years$37,153$29,697$23,531$18,502$14,453$8,244
22 years$35,090$27,721$21,687$16,823$12,955$7,150
23 years$33,209$25,927$20,024$15,321$11,629$6,207
24 years$31,488$24,292$18,519$13,973$10,452$5,393
25 years$29,907$22,797$17,152$12,761$9,405$4,690
26 years$28,449$21,425$15,908$11,668$8,472$4,081
27 years$27,102$20,164$14,772$10,680$7,638$3,554
28 years$25,854$19,000$13,732$9,785$6,892$3,096
29 years$24,694$17,924$12,779$8,973$6,223$2,698
30 years$23,613$16,928$11,903$8,235$5,623$2,352
31 years$22,603$16,002$11,097$7,564$5,084$2,052
32 years$21,659$15,141$10,354$6,951$4,599$1,790
33 years$20,774$14,339$9,667$6,392$4,162$1,562
34 years$19,943$13,590$9,033$5,881$3,768$1,363
35 years$19,160$12,890$8,445$5,414$3,413$1,190
36 years$18,423$12,235$7,900$4,986$3,092$1,039
37 years$17,728$11,620$7,394$4,594$2,803$907
38 years$17,071$11,043$6,924$4,235$2,541$792
39 years$16,449$10,501$6,487$3,904$2,304$692
40 years$15,859$9,991$6,081$3,601$2,090$605
41 years$15,300$9,510$5,702$3,323$1,896$528
42 years$14,768$9,057$5,348$3,066$1,720$462
43 years$14,263$8,630$5,019$2,831$1,561$403
44 years$13,782$8,226$4,711$2,614$1,417$352
45 years$13,324$7,844$4,423$2,414$1,287$308
46 years$12,887$7,483$4,155$2,230$1,168$269
47 years$12,470$7,141$3,903$2,060$1,061$235
48 years$12,072$6,817$3,668$1,903$963$205
49 years$11,690$6,510$3,448$1,759$875$180
50 years$11,326$6,219$3,241$1,626$795$157

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 $3,058 every year, while hoping to spend $40,464 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: 84/7/9 Blend
68$11,600,000$11,600,000$11,600,000$11,600,000
69$12,786,354$12,171,554$11,991,754$13,844,952
70$14,047,509$12,724,907$12,350,425$15,090,629
71$15,435,945$13,304,018$12,719,754$16,452,879
72$16,964,603$13,910,106$13,100,058$17,947,935
73$18,647,742$14,544,450$13,491,658$19,589,120
74$20,501,071$15,208,388$13,894,889$21,391,107
75$22,541,905$15,903,324$14,310,093$23,370,057
76$24,789,321$16,630,728$14,737,622$25,543,770
77$27,264,339$17,392,142$15,177,840$27,931,853
78$29,990,125$18,189,179$15,631,120$30,555,902
79$32,992,202$19,023,534$16,097,847$33,439,704
80$36,298,698$19,896,978$16,578,417$36,609,464
81$39,940,608$20,811,373$17,073,236$40,094,047
82$43,952,084$21,768,665$17,582,724$43,925,250
83$48,370,764$22,770,896$18,107,313$48,138,103
84$53,238,120$23,820,208$18,647,445$52,771,195
85$58,599,852$24,918,842$19,203,578$57,867,038
86$64,506,321$26,069,150$19,776,183$63,472,465
87$71,013,023$27,273,595$20,365,742$69,639,074
88$78,181,110$28,534,760$20,972,753$76,423,710
89$86,077,973$29,855,353$21,597,730$83,888,999
90$94,777,870$31,238,209$22,241,198$92,103,941
91$104,362,636$32,686,304$22,903,701$101,144,555
92$114,922,446$34,202,755$23,585,796$111,094,598
93$126,556,674$35,790,828$24,288,059$122,046,350
94$139,374,825$37,453,949$25,011,079$134,101,486
95$153,497,573$39,195,708$25,755,466$147,372,031
96$169,057,896$41,019,869$26,521,845$161,981,416
97$186,202,336$42,930,376$27,310,861$178,065,639
98$205,092,374$44,931,365$28,123,175$195,774,548
99$225,905,965$47,027,170$28,959,470$215,273,253
100$248,839,208$49,222,337$29,820,447$236,743,680