Can I retire at age 69 with 12,000,000?

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 $12,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$990,949$982,122$973,510$965,105$956,897$932,251
2 years$490,569$481,432$472,578$463,993$455,665$430,999
3 years$323,797$314,621$305,789$297,285$289,093$265,178
4 years$240,428$231,280$222,536$214,177$206,183$183,204
5 years$190,419$181,326$172,697$164,508$156,737$134,756
6 years$157,091$148,067$139,565$131,559$124,021$103,060
7 years$133,294$124,346$115,979$108,162$100,862$80,924
8 years$115,455$106,588$98,360$90,734$83,675$64,749
9 years$101,588$92,804$84,717$77,285$70,466$52,537
10 years$90,500$81,802$73,858$66,621$60,041$43,086
11 years$81,434$72,823$65,024$57,980$51,637$35,631
12 years$73,885$65,362$57,707$50,856$44,748$29,662
13 years$67,502$59,068$51,557$44,898$39,021$24,826
14 years$62,035$53,692$46,324$39,856$34,205$20,869
15 years$57,302$49,048$41,825$35,544$30,117$17,605
16 years$53,165$45,001$37,920$31,826$26,618$14,896
17 years$49,518$41,444$34,506$28,595$23,601$12,634
18 years$46,279$38,296$31,499$25,770$20,985$10,738
19 years$43,385$35,493$28,836$23,286$18,704$9,143
20 years$40,784$32,981$26,464$21,090$16,707$7,796
21 years$38,434$30,721$24,342$19,140$14,951$6,655
22 years$36,300$28,677$22,435$17,403$13,401$5,688
23 years$34,354$26,821$20,715$15,849$12,030$4,865
24 years$32,574$25,129$19,158$14,455$10,813$4,164
25 years$30,938$23,583$17,744$13,201$9,730$3,567
26 years$29,430$22,164$16,457$12,071$8,764$3,057
27 years$28,037$20,859$15,281$11,049$7,902$2,621
28 years$26,745$19,655$14,206$10,123$7,130$2,248
29 years$25,545$18,542$13,220$9,283$6,438$1,929
30 years$24,427$17,511$12,314$8,519$5,817$1,656
31 years$23,383$16,554$11,480$7,824$5,259$1,422
32 years$22,406$15,663$10,711$7,191$4,757$1,221
33 years$21,490$14,834$10,001$6,613$4,305$1,049
34 years$20,630$14,059$9,344$6,084$3,898$901
35 years$19,821$13,335$8,736$5,601$3,531$774
36 years$19,059$12,656$8,172$5,158$3,199$665
37 years$18,339$12,021$7,649$4,753$2,899$571
38 years$17,659$11,424$7,163$4,381$2,629$491
39 years$17,016$10,863$6,711$4,039$2,384$422
40 years$16,406$10,335$6,290$3,725$2,162$363
41 years$15,827$9,838$5,898$3,437$1,961$312
42 years$15,278$9,370$5,533$3,172$1,780$268
43 years$14,755$8,927$5,192$2,928$1,615$230
44 years$14,258$8,510$4,873$2,704$1,466$198
45 years$13,784$8,115$4,576$2,497$1,331$170
46 years$13,332$7,741$4,298$2,307$1,209$146
47 years$12,900$7,387$4,038$2,131$1,097$126
48 years$12,488$7,052$3,794$1,969$997$108
49 years$12,094$6,735$3,567$1,820$905$93
50 years$11,716$6,433$3,353$1,682$822$80

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,000,000, adding $3,185 every year, while hoping to spend $50,655 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: 63/20/17 Blend
68$12,000,000$12,000,000$12,000,000$12,000,000
69$13,227,285$12,591,285$12,405,285$14,004,111
70$14,522,572$13,154,362$12,766,966$15,089,616
71$15,948,280$13,743,331$13,139,065$16,268,506
72$17,517,659$14,359,409$13,521,878$17,554,714
73$19,245,308$15,003,868$13,915,709$18,958,698
74$21,147,315$15,678,043$14,320,870$20,491,960
75$23,241,404$16,383,329$14,737,682$22,167,156
76$25,547,107$17,121,193$15,166,475$23,998,212
77$28,085,947$17,893,167$15,607,587$26,000,452
78$30,881,640$18,700,858$16,061,367$28,190,738
79$33,960,318$19,545,950$16,528,173$30,587,630
80$37,350,776$20,430,208$17,008,373$33,211,555
81$41,084,746$21,355,478$17,502,344$36,084,995
82$45,197,192$22,323,700$18,010,476$39,232,702
83$49,726,646$23,336,900$18,533,166$42,681,920
84$54,715,562$24,397,207$19,070,826$46,462,645
85$60,210,727$25,506,848$19,623,876$50,607,898
86$66,263,696$26,668,158$20,192,751$55,154,039
87$72,931,279$27,883,584$20,777,894$60,141,100
88$80,276,079$29,155,689$21,379,763$65,613,164
89$88,367,081$30,487,160$21,998,827$71,618,769
90$97,280,306$31,880,813$22,635,570$78,211,369
91$107,099,522$33,339,598$23,290,487$85,449,829
92$117,917,042$34,866,608$23,964,087$93,398,975
93$129,834,591$36,465,081$24,656,894$102,130,202
94$142,964,264$38,138,416$25,369,445$111,722,143
95$157,429,591$39,890,170$26,102,293$122,261,401
96$173,366,694$41,724,073$26,856,005$133,843,365
97$190,925,580$43,644,035$27,631,164$146,573,100
98$210,271,549$45,654,153$28,428,368$160,566,333
99$231,586,762$47,758,721$29,248,233$175,950,539
100$255,071,952$49,962,240$30,091,390$192,866,138