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%19.5%
1 years$999,207$990,306$981,623$973,147$964,871$928,055
2 years$494,657$485,444$476,516$467,859$459,462$422,804
3 years$326,495$317,243$308,337$299,762$291,502$256,155
4 years$242,431$233,207$224,391$215,962$207,902$174,135
5 years$192,006$182,837$174,136$165,879$158,043$125,944
6 years$158,400$149,300$140,728$132,655$125,054$94,645
7 years$134,405$125,382$116,946$109,063$101,703$72,973
8 years$116,417$107,476$99,179$91,490$84,372$57,295
9 years$102,434$93,577$85,423$77,929$71,054$45,591
10 years$91,254$82,484$74,474$67,176$60,541$36,645
11 years$82,113$73,430$65,565$58,463$52,067$29,684
12 years$74,500$65,907$58,188$51,280$45,121$24,193
13 years$68,064$59,561$51,987$45,273$39,346$19,813
14 years$62,552$54,139$46,710$40,188$34,490$16,289
15 years$57,780$49,457$42,173$35,841$30,368$13,433
16 years$53,608$45,376$38,236$32,091$26,839$11,107
17 years$49,930$41,789$34,793$28,834$23,798$9,202
18 years$46,665$38,615$31,762$25,985$21,160$7,637
19 years$43,747$35,788$29,077$23,480$18,860$6,347
20 years$41,124$33,256$26,685$21,265$16,846$5,281
21 years$38,754$30,977$24,545$19,300$15,076$4,399
22 years$36,602$28,916$22,622$17,548$13,513$3,666
23 years$34,641$27,044$20,887$15,981$12,130$3,058
24 years$32,845$25,339$19,317$14,576$10,903$2,552
25 years$31,196$23,779$17,892$13,311$9,811$2,131
26 years$29,676$22,349$16,594$12,171$8,837$1,779
27 years$28,271$21,033$15,409$11,141$7,968$1,487
28 years$26,968$19,819$14,324$10,207$7,189$1,242
29 years$25,758$18,697$13,330$9,360$6,492$1,039
30 years$24,630$17,657$12,416$8,590$5,866$868
31 years$23,578$16,692$11,576$7,890$5,303$726
32 years$22,593$15,794$10,800$7,251$4,797$607
33 years$21,669$14,957$10,084$6,668$4,341$508
34 years$20,802$14,176$9,422$6,135$3,931$425
35 years$19,986$13,446$8,809$5,647$3,560$355
36 years$19,218$12,762$8,241$5,201$3,226$297
37 years$18,492$12,121$7,713$4,792$2,924$249
38 years$17,806$11,519$7,223$4,417$2,650$208
39 years$17,158$10,954$6,767$4,073$2,403$174
40 years$16,543$10,421$6,343$3,757$2,180$146
41 years$15,959$9,920$5,948$3,466$1,978$122
42 years$15,405$9,448$5,579$3,199$1,795$102
43 years$14,878$9,002$5,235$2,953$1,629$85
44 years$14,377$8,581$4,914$2,726$1,478$71
45 years$13,899$8,182$4,614$2,518$1,342$60
46 years$13,443$7,806$4,334$2,326$1,219$50
47 years$13,008$7,449$4,071$2,149$1,107$42
48 years$12,592$7,111$3,826$1,985$1,005$35
49 years$12,194$6,791$3,596$1,835$913$29
50 years$11,814$6,487$3,381$1,696$829$25

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 $4,862 every year, while hoping to spend $36,029 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: 63/16/21 Blend
68$12,100,000$12,100,000$12,100,000$12,100,000
69$13,339,215$12,697,915$12,510,365$14,106,892
70$14,661,481$13,281,778$12,891,128$15,208,953
71$16,117,409$13,893,043$13,283,438$16,407,581
72$17,720,597$14,533,015$13,687,646$17,715,849
73$19,486,026$15,203,060$14,104,110$19,144,465
74$21,430,203$15,904,612$14,533,199$20,705,210
75$23,571,319$16,639,173$14,975,297$22,411,049
76$25,929,418$17,408,318$15,430,794$24,276,247
77$28,526,589$18,213,696$15,900,097$26,316,503
78$31,387,172$19,057,038$16,383,620$28,549,098
79$34,537,986$19,940,155$16,881,794$30,993,048
80$38,008,587$20,864,949$17,395,060$33,669,288
81$41,831,543$21,833,411$17,923,875$36,600,862
82$46,042,741$22,847,630$18,468,706$39,813,137
83$50,681,730$23,909,793$19,030,037$43,334,041
84$55,792,088$25,022,195$19,608,365$47,194,325
85$61,421,839$26,187,240$20,204,203$51,427,842
86$67,623,902$27,407,450$20,818,079$56,071,871
87$74,456,592$28,685,467$21,450,536$61,167,459
88$81,984,170$30,024,060$22,102,135$66,759,807
89$90,277,451$31,426,135$22,773,452$72,898,690
90$99,414,470$32,894,734$23,465,082$79,638,927
91$109,481,219$34,433,050$24,177,635$87,040,886
92$120,572,461$36,044,426$24,911,743$95,171,055
93$132,792,620$37,732,371$25,668,055$104,102,663
94$146,256,771$39,500,562$26,447,239$113,916,362
95$161,091,724$41,352,851$27,249,983$124,700,990
96$177,437,220$43,293,281$28,076,998$136,554,394
97$195,447,251$45,326,087$28,929,013$149,584,356
98$215,291,517$47,455,711$29,806,780$163,909,599
99$237,157,019$49,686,809$30,711,075$179,660,902
100$261,249,835$52,024,262$31,642,696$196,982,327