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%19.4%
1 years$974,433$965,753$957,285$949,019$940,949$905,404
2 years$482,393$473,408$464,701$456,259$448,071$412,673
3 years$318,401$309,378$300,693$292,330$284,274$250,137
4 years$236,421$227,425$218,827$210,607$202,747$170,130
5 years$187,245$178,304$169,819$161,766$154,125$123,112
6 years$154,473$145,599$137,239$129,366$121,954$92,567
7 years$131,073$122,274$114,046$106,359$99,181$71,412
8 years$113,531$104,811$96,720$89,222$82,280$56,103
9 years$99,894$91,257$83,305$75,997$69,292$44,669
10 years$88,992$80,438$72,627$65,510$59,040$35,927
11 years$80,077$71,610$63,940$57,014$50,777$29,122
12 years$72,653$64,273$56,745$50,009$44,002$23,750
13 years$66,377$58,084$50,698$44,150$38,370$19,464
14 years$61,001$52,797$45,552$39,192$33,635$16,013
15 years$56,347$48,231$41,128$34,952$29,615$13,216
16 years$52,278$44,251$37,288$31,296$26,174$10,935
17 years$48,692$40,753$33,931$28,119$23,208$9,066
18 years$45,508$37,658$30,974$25,341$20,635$7,530
19 years$42,662$34,901$28,356$22,898$18,393$6,263
20 years$40,104$32,432$26,023$20,738$16,429$5,215
21 years$37,793$30,209$23,936$18,821$14,702$4,347
22 years$35,695$28,199$22,061$17,113$13,178$3,626
23 years$33,782$26,374$20,370$15,585$11,829$3,027
24 years$32,031$24,711$18,838$14,214$10,633$2,528
25 years$30,422$23,190$17,448$12,981$9,568$2,112
26 years$28,940$21,795$16,182$11,870$8,618$1,766
27 years$27,570$20,511$15,027$10,864$7,770$1,476
28 years$26,300$19,328$13,969$9,954$7,011$1,235
29 years$25,119$18,233$13,000$9,128$6,331$1,033
30 years$24,020$17,219$12,109$8,377$5,720$864
31 years$22,993$16,278$11,289$7,694$5,172$723
32 years$22,033$15,402$10,532$7,071$4,678$605
33 years$21,132$14,586$9,834$6,502$4,234$507
34 years$20,286$13,825$9,188$5,983$3,833$424
35 years$19,491$13,112$8,591$5,507$3,472$355
36 years$18,741$12,446$8,036$5,072$3,146$297
37 years$18,034$11,820$7,522$4,673$2,851$249
38 years$17,365$11,234$7,044$4,308$2,585$208
39 years$16,732$10,682$6,599$3,972$2,344$175
40 years$16,132$10,163$6,186$3,663$2,126$146
41 years$15,564$9,674$5,800$3,380$1,929$122
42 years$15,023$9,213$5,441$3,119$1,750$102
43 years$14,509$8,779$5,105$2,879$1,588$86
44 years$14,020$8,368$4,792$2,659$1,442$72
45 years$13,554$7,979$4,500$2,455$1,309$60
46 years$13,109$7,612$4,226$2,268$1,188$50
47 years$12,685$7,264$3,971$2,095$1,079$42
48 years$12,280$6,935$3,731$1,936$980$35
49 years$11,892$6,622$3,507$1,789$890$30
50 years$11,521$6,326$3,297$1,654$808$25

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 $5,092 every year, while hoping to spend $41,687 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: 48/34/18 Blend
68$11,800,000$11,800,000$11,800,000$11,800,000
69$13,008,852$12,383,452$12,200,552$13,567,137
70$14,291,401$12,945,887$12,564,916$14,517,489
71$15,703,372$13,534,484$12,940,089$15,544,187
72$17,257,923$14,150,480$13,326,389$16,658,151
73$18,969,551$14,795,174$13,724,144$17,867,571
74$20,854,232$15,469,925$14,133,689$19,181,446
75$22,929,569$16,176,156$14,555,373$20,609,660
76$25,214,959$16,915,362$14,989,552$22,163,072
77$27,731,776$17,689,105$15,436,593$23,853,615
78$30,503,572$18,499,026$15,896,874$25,694,401
79$33,556,301$19,346,843$16,370,783$27,699,844
80$36,918,561$20,234,356$16,858,722$29,885,789
81$40,621,866$21,163,451$17,361,101$32,269,654
82$44,700,943$22,136,107$17,878,345$34,870,594
83$49,194,059$23,154,396$18,410,889$37,709,670
84$54,143,382$24,220,490$18,959,182$40,810,046
85$59,595,379$25,336,666$19,523,687$44,197,199
86$65,601,254$26,505,310$20,104,878$47,899,154
87$72,217,434$27,728,922$20,703,243$51,946,740
88$79,506,098$29,010,124$21,319,287$56,373,877
89$87,535,763$30,351,664$21,953,526$61,217,885
90$96,381,936$31,756,420$22,606,494$66,519,829
91$106,127,820$33,227,412$23,278,739$72,324,899
92$116,865,105$34,767,802$23,970,823$78,682,830
93$128,694,828$36,380,907$24,683,329$85,648,356
94$141,728,332$38,070,203$25,416,852$93,281,724
95$156,088,312$39,839,333$26,172,006$101,649,249
96$171,909,976$41,692,117$26,949,425$110,823,931
97$189,342,321$43,632,558$27,749,758$120,886,132
98$208,549,537$45,664,852$28,573,674$131,924,324
99$229,712,560$47,793,400$29,421,862$144,035,911
100$253,030,776$50,022,812$30,295,030$157,328,138