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

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 $11,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$974,433$965,753$957,285$949,019$940,949$910,464
2 years$482,393$473,408$464,701$456,259$448,071$417,644
3 years$318,401$309,378$300,693$292,330$284,274$254,861
4 years$236,421$227,425$218,827$210,607$202,747$174,571
5 years$187,245$178,304$169,819$161,766$154,125$127,263
6 years$154,473$145,599$137,239$129,366$121,954$96,427
7 years$131,073$122,274$114,046$106,359$99,181$74,988
8 years$113,531$104,811$96,720$89,222$82,280$59,403
9 years$99,894$91,257$83,305$75,997$69,292$47,704
10 years$88,992$80,438$72,627$65,510$59,040$38,708
11 years$80,077$71,610$63,940$57,014$50,777$31,663
12 years$72,653$64,273$56,745$50,009$44,002$26,065
13 years$66,377$58,084$50,698$44,150$38,370$21,565
14 years$61,001$52,797$45,552$39,192$33,635$17,916
15 years$56,347$48,231$41,128$34,952$29,615$14,934
16 years$52,278$44,251$37,288$31,296$26,174$12,483
17 years$48,692$40,753$33,931$28,119$23,208$10,457
18 years$45,508$37,658$30,974$25,341$20,635$8,776
19 years$42,662$34,901$28,356$22,898$18,393$7,377
20 years$40,104$32,432$26,023$20,738$16,429$6,209
21 years$37,793$30,209$23,936$18,821$14,702$5,232
22 years$35,695$28,199$22,061$17,113$13,178$4,412
23 years$33,782$26,374$20,370$15,585$11,829$3,724
24 years$32,031$24,711$18,838$14,214$10,633$3,145
25 years$30,422$23,190$17,448$12,981$9,568$2,657
26 years$28,940$21,795$16,182$11,870$8,618$2,247
27 years$27,570$20,511$15,027$10,864$7,770$1,900
28 years$26,300$19,328$13,969$9,954$7,011$1,607
29 years$25,119$18,233$13,000$9,128$6,331$1,360
30 years$24,020$17,219$12,109$8,377$5,720$1,151
31 years$22,993$16,278$11,289$7,694$5,172$974
32 years$22,033$15,402$10,532$7,071$4,678$825
33 years$21,132$14,586$9,834$6,502$4,234$699
34 years$20,286$13,825$9,188$5,983$3,833$592
35 years$19,491$13,112$8,591$5,507$3,472$501
36 years$18,741$12,446$8,036$5,072$3,146$425
37 years$18,034$11,820$7,522$4,673$2,851$360
38 years$17,365$11,234$7,044$4,308$2,585$305
39 years$16,732$10,682$6,599$3,972$2,344$258
40 years$16,132$10,163$6,186$3,663$2,126$219
41 years$15,564$9,674$5,800$3,380$1,929$185
42 years$15,023$9,213$5,441$3,119$1,750$157
43 years$14,509$8,779$5,105$2,879$1,588$133
44 years$14,020$8,368$4,792$2,659$1,442$113
45 years$13,554$7,979$4,500$2,455$1,309$96
46 years$13,109$7,612$4,226$2,268$1,188$81
47 years$12,685$7,264$3,971$2,095$1,079$69
48 years$12,280$6,935$3,731$1,936$980$58
49 years$11,892$6,622$3,507$1,789$890$49
50 years$11,521$6,326$3,297$1,654$808$42

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 $6,638 every year, while hoping to spend $39,230 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: 54/36/10 Blend
68$11,800,000$11,800,000$11,800,000$11,800,000
69$13,010,447$12,385,047$12,202,147$13,679,917
70$14,295,772$12,950,174$12,569,179$14,699,832
71$15,710,886$13,541,677$12,947,191$15,804,480
72$17,268,985$14,160,808$13,336,510$17,005,822
73$18,984,611$14,808,877$13,737,473$18,313,039
74$20,873,788$15,487,259$14,150,425$19,736,223
75$22,954,172$16,197,392$14,575,722$21,286,461
76$25,245,220$16,940,787$15,013,731$22,975,938
77$27,768,371$17,719,025$15,464,830$24,818,050
78$30,547,251$18,533,762$15,929,408$26,827,522
79$33,607,890$19,386,737$16,407,863$29,020,541
80$36,978,977$20,279,769$16,900,608$31,414,909
81$40,692,122$21,214,767$17,408,068$34,030,203
82$44,782,158$22,193,730$17,930,678$36,887,950
83$49,287,471$23,218,755$18,468,888$40,011,830
84$54,250,357$24,292,039$19,023,160$43,427,893
85$59,717,428$25,415,883$19,593,970$47,164,794
86$65,740,047$26,592,702$20,181,809$51,254,061
87$72,374,813$27,825,026$20,787,181$55,730,381
88$79,684,098$29,115,506$21,410,606$60,631,928
89$87,736,632$30,466,922$22,052,617$66,000,705
90$96,608,154$31,882,187$22,713,765$71,882,941
91$106,382,126$33,364,355$23,394,617$78,329,515
92$117,150,522$34,916,627$24,095,756$85,396,426
93$129,014,693$36,542,360$24,817,782$93,145,318
94$142,086,327$38,245,070$25,561,312$101,644,045
95$156,488,499$40,028,445$26,326,983$110,967,306
96$172,356,837$41,896,351$27,115,448$121,197,338
97$189,840,802$43,852,839$27,927,383$132,424,681
98$209,105,093$45,902,157$28,763,479$144,749,022
99$230,331,208$48,048,759$29,624,452$158,280,121
100$253,719,155$50,297,312$30,511,035$173,138,838