Can I retire at age 69 with 12,100,000?

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 $12,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$999,207$990,306$981,623$973,147$964,871$960,805
2 years$494,657$485,444$476,516$467,859$459,462$455,358
3 years$326,495$317,243$308,337$299,762$291,502$287,486
4 years$242,431$233,207$224,391$215,962$207,902$204,004
5 years$192,006$182,837$174,136$165,879$158,043$154,277
6 years$158,400$149,300$140,728$132,655$125,054$121,423
7 years$134,405$125,382$116,946$109,063$101,703$98,209
8 years$116,417$107,476$99,179$91,490$84,372$81,016
9 years$102,434$93,577$85,423$77,929$71,054$67,834
10 years$91,254$82,484$74,474$67,176$60,541$57,458
11 years$82,113$73,430$65,565$58,463$52,067$49,117
12 years$74,500$65,907$58,188$51,280$45,121$42,302
13 years$68,064$59,561$51,987$45,273$39,346$36,656
14 years$62,552$54,139$46,710$40,188$34,490$31,926
15 years$57,780$49,457$42,173$35,841$30,368$27,926
16 years$53,608$45,376$38,236$32,091$26,839$24,517
17 years$49,930$41,789$34,793$28,834$23,798$21,591
18 years$46,665$38,615$31,762$25,985$21,160$19,065
19 years$43,747$35,788$29,077$23,480$18,860$16,874
20 years$41,124$33,256$26,685$21,265$16,846$14,965
21 years$38,754$30,977$24,545$19,300$15,076$13,296
22 years$36,602$28,916$22,622$17,548$13,513$11,830
23 years$34,641$27,044$20,887$15,981$12,130$10,541
24 years$32,845$25,339$19,317$14,576$10,903$9,404
25 years$31,196$23,779$17,892$13,311$9,811$8,398
26 years$29,676$22,349$16,594$12,171$8,837$7,506
27 years$28,271$21,033$15,409$11,141$7,968$6,715
28 years$26,968$19,819$14,324$10,207$7,189$6,012
29 years$25,758$18,697$13,330$9,360$6,492$5,386
30 years$24,630$17,657$12,416$8,590$5,866$4,828
31 years$23,578$16,692$11,576$7,890$5,303$4,330
32 years$22,593$15,794$10,800$7,251$4,797$3,885
33 years$21,669$14,957$10,084$6,668$4,341$3,487
34 years$20,802$14,176$9,422$6,135$3,931$3,131
35 years$19,986$13,446$8,809$5,647$3,560$2,813
36 years$19,218$12,762$8,241$5,201$3,226$2,527
37 years$18,492$12,121$7,713$4,792$2,924$2,272
38 years$17,806$11,519$7,223$4,417$2,650$2,042
39 years$17,158$10,954$6,767$4,073$2,403$1,836
40 years$16,543$10,421$6,343$3,757$2,180$1,651
41 years$15,959$9,920$5,948$3,466$1,978$1,485
42 years$15,405$9,448$5,579$3,199$1,795$1,336
43 years$14,878$9,002$5,235$2,953$1,629$1,202
44 years$14,377$8,581$4,914$2,726$1,478$1,082
45 years$13,899$8,182$4,614$2,518$1,342$974
46 years$13,443$7,806$4,334$2,326$1,219$877
47 years$13,008$7,449$4,071$2,149$1,107$789
48 years$12,592$7,111$3,826$1,985$1,005$710
49 years$12,194$6,791$3,596$1,835$913$639
50 years$11,814$6,487$3,381$1,696$829$576

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,100,000, adding $2,200 every year, while hoping to spend $45,552 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: 60/19/21 Blend
68$12,100,000$12,100,000$12,100,000$12,100,000
69$13,336,469$12,695,169$12,507,619$14,062,763
70$14,648,322$13,268,766$12,878,158$15,128,838
71$16,092,457$13,868,941$13,259,582$16,286,222
72$17,682,320$14,496,951$13,652,210$17,547,943
73$19,432,723$15,154,109$14,056,366$18,924,130
74$21,359,993$15,841,792$14,472,386$20,425,924
75$23,482,115$16,561,443$14,900,614$22,065,579
76$25,818,911$17,314,574$15,341,405$23,856,580
77$28,392,221$18,102,769$15,795,123$25,813,764
78$31,226,113$18,927,689$16,262,144$27,953,455
79$34,347,104$19,791,074$16,742,854$30,293,618
80$37,784,418$20,694,746$17,237,649$32,854,025
81$41,570,257$21,640,617$17,746,938$35,656,438
82$45,740,103$22,630,687$18,271,141$38,724,808
83$50,333,059$23,667,056$18,810,690$42,085,502
84$55,392,211$24,751,922$19,366,028$45,767,544
85$60,965,040$25,887,590$19,937,614$49,802,885
86$67,103,867$27,076,475$20,525,916$54,226,705
87$73,866,346$28,321,107$21,131,419$59,077,733
88$81,316,012$29,624,139$21,754,620$64,398,617
89$89,522,876$30,988,353$22,396,030$70,236,311
90$98,564,087$32,416,660$23,056,175$76,642,524
91$108,524,663$33,912,115$23,735,596$83,674,195
92$119,498,290$35,477,920$24,434,850$91,394,027
93$131,588,206$37,117,429$25,154,508$99,871,075
94$144,908,177$38,834,157$25,895,158$109,181,390
95$159,583,572$40,631,792$26,657,407$119,408,732
96$175,752,543$42,514,196$27,441,876$130,645,351
97$193,567,329$44,485,418$28,249,206$142,992,856
98$213,195,696$46,549,703$29,080,054$156,563,161
99$234,822,518$48,711,499$29,935,096$171,479,540
100$258,651,523$50,975,471$30,815,030$187,877,778