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%13.1%
1 years$999,207$990,306$981,623$973,147$964,871$952,419
2 years$494,657$485,444$476,516$467,859$459,462$446,935
3 years$326,495$317,243$308,337$299,762$291,502$279,289
4 years$242,431$233,207$224,391$215,962$207,902$196,096
5 years$192,006$182,837$174,136$165,879$158,043$146,681
6 years$158,400$149,300$140,728$132,655$125,054$114,148
7 years$134,405$125,382$116,946$109,063$101,703$91,256
8 years$116,417$107,476$99,179$91,490$84,372$74,385
9 years$102,434$93,577$85,423$77,929$71,054$61,521
10 years$91,254$82,484$74,474$67,176$60,541$51,456
11 years$82,113$73,430$65,565$58,463$52,067$43,422
12 years$74,500$65,907$58,188$51,280$45,121$36,905
13 years$68,064$59,561$51,987$45,273$39,346$31,549
14 years$62,552$54,139$46,710$40,188$34,490$27,101
15 years$57,780$49,457$42,173$35,841$30,368$23,374
16 years$53,608$45,376$38,236$32,091$26,839$20,228
17 years$49,930$41,789$34,793$28,834$23,798$17,555
18 years$46,665$38,615$31,762$25,985$21,160$15,273
19 years$43,747$35,788$29,077$23,480$18,860$13,315
20 years$41,124$33,256$26,685$21,265$16,846$11,629
21 years$38,754$30,977$24,545$19,300$15,076$10,172
22 years$36,602$28,916$22,622$17,548$13,513$8,910
23 years$34,641$27,044$20,887$15,981$12,130$7,813
24 years$32,845$25,339$19,317$14,576$10,903$6,859
25 years$31,196$23,779$17,892$13,311$9,811$6,026
26 years$29,676$22,349$16,594$12,171$8,837$5,298
27 years$28,271$21,033$15,409$11,141$7,968$4,662
28 years$26,968$19,819$14,324$10,207$7,189$4,104
29 years$25,758$18,697$13,330$9,360$6,492$3,615
30 years$24,630$17,657$12,416$8,590$5,866$3,185
31 years$23,578$16,692$11,576$7,890$5,303$2,808
32 years$22,593$15,794$10,800$7,251$4,797$2,476
33 years$21,669$14,957$10,084$6,668$4,341$2,185
34 years$20,802$14,176$9,422$6,135$3,931$1,928
35 years$19,986$13,446$8,809$5,647$3,560$1,701
36 years$19,218$12,762$8,241$5,201$3,226$1,502
37 years$18,492$12,121$7,713$4,792$2,924$1,326
38 years$17,806$11,519$7,223$4,417$2,650$1,171
39 years$17,158$10,954$6,767$4,073$2,403$1,034
40 years$16,543$10,421$6,343$3,757$2,180$914
41 years$15,959$9,920$5,948$3,466$1,978$807
42 years$15,405$9,448$5,579$3,199$1,795$713
43 years$14,878$9,002$5,235$2,953$1,629$630
44 years$14,377$8,581$4,914$2,726$1,478$557
45 years$13,899$8,182$4,614$2,518$1,342$492
46 years$13,443$7,806$4,334$2,326$1,219$435
47 years$13,008$7,449$4,071$2,149$1,107$384
48 years$12,592$7,111$3,826$1,985$1,005$340
49 years$12,194$6,791$3,596$1,835$913$300
50 years$11,814$6,487$3,381$1,696$829$265

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 $6,707 every year, while hoping to spend $45,445 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: 60/17/23 Blend
68$12,100,000$12,100,000$12,100,000$12,100,000
69$13,341,118$12,699,818$12,512,268$14,059,600
70$14,653,559$13,273,756$12,883,076$15,122,148
71$16,098,346$13,874,294$13,264,783$16,275,387
72$17,688,930$14,502,687$13,657,706$17,532,663
73$19,440,133$15,160,251$14,062,171$18,904,090
74$21,368,287$15,848,364$14,478,514$20,400,793
75$23,491,388$16,568,469$14,907,080$22,035,010
76$25,829,267$17,322,082$15,348,225$23,820,207
77$28,403,775$18,110,787$15,802,314$25,771,202
78$31,238,991$18,936,246$16,269,722$27,904,302
79$34,361,446$19,800,200$16,750,836$30,237,452
80$37,800,379$20,704,475$17,246,053$32,790,405
81$41,588,005$21,650,982$17,755,784$35,584,900
82$45,759,827$22,641,726$18,280,448$38,644,869
83$50,354,965$23,678,806$18,820,479$41,996,656
84$55,416,528$24,764,424$19,376,321$45,669,262
85$60,992,019$25,900,885$19,948,433$49,694,617
86$67,133,784$27,090,608$20,537,285$54,107,876
87$73,899,508$28,336,126$21,143,362$58,947,746
88$81,352,755$29,640,093$21,767,162$64,256,849
89$89,563,572$31,005,293$22,409,197$70,082,118
90$98,609,146$32,434,643$23,069,995$76,475,234
91$108,574,536$33,931,198$23,750,098$83,493,114
92$119,553,475$35,498,162$24,450,062$91,198,436
93$131,649,253$37,138,895$25,170,462$99,660,231
94$144,975,691$38,856,915$25,911,887$108,954,527
95$159,658,219$40,655,913$26,674,943$119,165,060
96$175,835,059$42,539,753$27,460,255$130,384,059
97$193,658,524$44,512,491$28,268,463$142,713,112
98$213,296,464$46,578,373$29,100,227$156,264,113
99$234,933,845$48,741,855$29,956,225$171,160,318
100$258,774,494$51,007,602$30,837,156$187,537,496