Can I retire at age 69 with 11,700,000?

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 $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$966,175$957,569$949,172$940,977$932,974$904,559
2 years$478,304$469,397$460,763$452,393$444,274$415,889
3 years$315,702$306,756$298,144$289,852$281,865$254,402
4 years$234,417$225,498$216,973$208,822$201,029$174,697
5 years$185,659$176,793$168,380$160,396$152,819$127,691
6 years$153,164$144,365$136,076$128,270$120,920$97,017
7 years$129,962$121,237$113,080$105,458$98,341$75,662
8 years$112,569$103,923$95,901$88,466$81,583$60,114
9 years$99,048$90,484$82,599$75,353$68,705$48,422
10 years$88,237$79,757$72,012$64,955$58,540$39,414
11 years$79,398$71,003$63,398$56,530$50,346$32,345
12 years$72,038$63,728$56,264$49,585$43,629$26,714
13 years$65,814$57,592$50,268$43,776$38,045$22,178
14 years$60,484$52,349$45,166$38,859$33,350$18,489
15 years$55,870$47,822$40,779$34,656$29,364$15,467
16 years$51,835$43,876$36,972$31,030$25,952$12,974
17 years$48,280$40,408$33,643$27,881$23,011$10,909
18 years$45,122$37,339$30,712$25,126$20,460$9,190
19 years$42,301$34,605$28,115$22,704$18,237$7,754
20 years$39,765$32,157$25,803$20,562$16,289$6,551
21 years$37,473$29,953$23,734$18,662$14,577$5,541
22 years$35,392$27,960$21,874$16,968$13,066$4,692
23 years$33,495$26,150$20,197$15,453$11,729$3,975
24 years$31,759$24,501$18,679$14,094$10,542$3,371
25 years$30,164$22,993$17,300$12,871$9,487$2,860
26 years$28,695$21,610$16,045$11,769$8,545$2,427
27 years$27,336$20,337$14,899$10,772$7,704$2,061
28 years$26,077$19,164$13,851$9,870$6,952$1,751
29 years$24,906$18,079$12,889$9,051$6,277$1,487
30 years$23,816$17,074$12,006$8,306$5,672$1,264
31 years$22,798$16,140$11,193$7,629$5,128$1,075
32 years$21,846$15,272$10,443$7,011$4,638$914
33 years$20,953$14,463$9,751$6,447$4,198$777
34 years$20,114$13,707$9,111$5,932$3,801$661
35 years$19,326$13,001$8,518$5,461$3,442$562
36 years$18,582$12,340$7,968$5,029$3,119$478
37 years$17,881$11,720$7,458$4,634$2,827$407
38 years$17,218$11,138$6,984$4,271$2,563$346
39 years$16,590$10,592$6,543$3,938$2,324$294
40 years$15,996$10,077$6,133$3,632$2,108$250
41 years$15,432$9,592$5,751$3,351$1,912$213
42 years$14,896$9,135$5,395$3,093$1,735$181
43 years$14,386$8,704$5,062$2,855$1,575$154
44 years$13,901$8,297$4,752$2,636$1,430$131
45 years$13,439$7,912$4,462$2,435$1,298$112
46 years$12,998$7,548$4,190$2,249$1,178$95
47 years$12,578$7,203$3,937$2,078$1,070$81
48 years$12,176$6,876$3,700$1,920$972$69
49 years$11,791$6,566$3,477$1,774$883$59
50 years$11,423$6,272$3,269$1,640$802$50

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,700,000, adding $2,392 every year, while hoping to spend $39,262 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: 55/33/12 Blend
68$11,700,000$11,700,000$11,700,000$11,700,000
69$12,895,867$12,275,767$12,094,417$13,565,449
70$14,169,471$12,835,505$12,457,806$14,579,588
71$15,571,667$13,421,355$12,832,052$15,678,776
72$17,115,529$14,034,554$13,217,478$16,874,686
73$18,815,466$14,676,399$13,614,416$18,176,540
74$20,687,351$15,348,250$14,023,207$19,594,473
75$22,748,679$16,051,533$14,444,202$21,139,625
76$25,018,726$16,787,740$14,877,765$22,824,241
77$27,518,733$17,558,436$15,324,267$24,661,783
78$30,272,105$18,365,261$15,784,091$26,667,053
79$33,304,635$19,209,934$16,257,633$28,856,327
80$36,644,744$20,094,256$16,745,300$31,247,506
81$40,323,749$21,020,116$17,247,509$33,860,276
82$44,376,161$21,989,492$17,764,691$36,716,295
83$48,840,011$23,004,458$18,297,289$39,839,383
84$53,757,204$24,067,188$18,845,760$43,255,751
85$59,173,919$25,179,961$19,410,573$46,994,234
86$65,141,044$26,345,164$19,992,212$51,086,561
87$71,714,654$27,565,301$20,591,175$55,567,649
88$78,956,543$28,842,995$21,207,974$60,475,923
89$86,934,805$30,180,996$21,843,136$65,853,672
90$95,724,478$31,582,188$22,497,203$71,747,441
91$105,408,250$33,049,590$23,170,735$78,208,464
92$116,077,244$34,586,372$23,864,306$85,293,138
93$127,831,871$36,195,853$24,578,509$93,063,546
94$140,782,784$37,881,512$25,313,952$101,588,034
95$155,051,921$39,646,999$26,071,262$110,941,849
96$170,773,653$41,496,138$26,851,085$121,207,838
97$188,096,053$43,432,937$27,654,084$132,477,220
98$207,182,299$45,461,599$28,480,944$144,850,435
99$228,212,206$47,586,529$29,332,368$158,438,081
100$251,383,928$49,812,347$30,209,080$173,361,950