Can I retire at age 69 with 11,800,000?

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$974,433$965,753$957,285$949,019$940,949$913,390
2 years$482,393$473,408$464,701$456,259$448,071$420,530
3 years$318,401$309,378$300,693$292,330$284,274$257,613
4 years$236,421$227,425$218,827$210,607$202,747$177,171
5 years$187,245$178,304$169,819$161,766$154,125$129,703
6 years$154,473$145,599$137,239$129,366$121,954$98,709
7 years$131,073$122,274$114,046$106,359$99,181$77,112
8 years$113,531$104,811$96,720$89,222$82,280$61,374
9 years$99,894$91,257$83,305$75,997$69,292$49,527
10 years$88,992$80,438$72,627$65,510$59,040$40,390
11 years$80,077$71,610$63,940$57,014$50,777$33,210
12 years$72,653$64,273$56,745$50,009$44,002$27,483
13 years$66,377$58,084$50,698$44,150$38,370$22,863
14 years$61,001$52,797$45,552$39,192$33,635$19,100
15 years$56,347$48,231$41,128$34,952$29,615$16,011
16 years$52,278$44,251$37,288$31,296$26,174$13,460
17 years$48,692$40,753$33,931$28,119$23,208$11,342
18 years$45,508$37,658$30,974$25,341$20,635$9,576
19 years$42,662$34,901$28,356$22,898$18,393$8,098
20 years$40,104$32,432$26,023$20,738$16,429$6,858
21 years$37,793$30,209$23,936$18,821$14,702$5,814
22 years$35,695$28,199$22,061$17,113$13,178$4,934
23 years$33,782$26,374$20,370$15,585$11,829$4,191
24 years$32,031$24,711$18,838$14,214$10,633$3,562
25 years$30,422$23,190$17,448$12,981$9,568$3,029
26 years$28,940$21,795$16,182$11,870$8,618$2,577
27 years$27,570$20,511$15,027$10,864$7,770$2,194
28 years$26,300$19,328$13,969$9,954$7,011$1,868
29 years$25,119$18,233$13,000$9,128$6,331$1,591
30 years$24,020$17,219$12,109$8,377$5,720$1,355
31 years$22,993$16,278$11,289$7,694$5,172$1,155
32 years$22,033$15,402$10,532$7,071$4,678$984
33 years$21,132$14,586$9,834$6,502$4,234$839
34 years$20,286$13,825$9,188$5,983$3,833$716
35 years$19,491$13,112$8,591$5,507$3,472$610
36 years$18,741$12,446$8,036$5,072$3,146$520
37 years$18,034$11,820$7,522$4,673$2,851$444
38 years$17,365$11,234$7,044$4,308$2,585$378
39 years$16,732$10,682$6,599$3,972$2,344$323
40 years$16,132$10,163$6,186$3,663$2,126$275
41 years$15,564$9,674$5,800$3,380$1,929$235
42 years$15,023$9,213$5,441$3,119$1,750$200
43 years$14,509$8,779$5,105$2,879$1,588$171
44 years$14,020$8,368$4,792$2,659$1,442$146
45 years$13,554$7,979$4,500$2,455$1,309$124
46 years$13,109$7,612$4,226$2,268$1,188$106
47 years$12,685$7,264$3,971$2,095$1,079$91
48 years$12,280$6,935$3,731$1,936$980$77
49 years$11,892$6,622$3,507$1,789$890$66
50 years$11,521$6,326$3,297$1,654$808$56

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $11,800,000, adding $5,314 every year, while hoping to spend $26,731 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: 58/35/7 Blend
68$11,800,000$11,800,000$11,800,000$11,800,000
69$13,009,081$12,383,681$12,200,781$13,743,787
70$14,307,566$12,962,040$12,581,066$14,816,251
71$15,737,600$13,567,843$12,973,194$15,981,131
72$17,312,574$14,202,405$13,377,535$17,250,096
73$19,047,242$14,867,108$13,794,467$18,633,110
74$20,957,862$15,563,399$14,224,384$20,141,125
75$23,062,352$16,292,793$14,667,688$21,786,178
76$25,380,453$17,056,881$15,124,797$23,581,502
77$27,933,922$17,857,330$15,596,140$25,541,646
78$30,746,731$18,695,889$16,082,160$27,682,607
79$33,845,298$19,574,388$16,583,313$30,021,975
80$37,258,735$20,494,750$17,100,071$32,579,096
81$41,019,121$21,458,988$17,632,918$35,375,249
82$45,161,806$22,469,213$18,182,356$38,433,840
83$49,725,745$23,527,639$18,748,900$41,780,617
84$54,753,866$24,636,587$19,333,082$45,443,909
85$60,293,471$25,798,491$19,935,451$49,454,883
86$66,396,689$27,015,902$20,556,573$53,847,836
87$73,120,965$28,291,494$21,197,031$58,660,507
88$80,529,598$29,628,072$21,857,427$63,934,430
89$88,692,346$31,028,577$22,538,380$69,715,314
90$97,686,080$32,496,092$23,240,530$76,053,471
91$107,595,509$34,033,849$23,964,536$83,004,278
92$118,513,981$35,645,237$24,711,078$90,628,693
93$130,544,364$37,333,811$25,480,857$98,993,822
94$143,800,018$39,103,297$26,274,595$108,173,540
95$158,405,864$40,957,602$27,093,037$118,249,179
96$174,499,560$42,900,822$27,936,951$129,310,285
97$192,232,806$44,937,254$28,807,131$141,455,453
98$211,772,774$47,071,401$29,704,391$154,793,246
99$233,303,683$49,307,986$30,629,574$169,443,205
100$257,028,543$51,651,961$31,583,549$185,536,965