Can I retire at age 69 with 12,200,000?

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 $12,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$1,007,465$998,491$989,735$981,190$972,845$951,647
2 years$498,745$489,456$480,454$471,726$463,260$442,010
3 years$329,194$319,865$310,886$302,239$293,911$273,273
4 years$244,435$235,135$226,245$217,746$209,620$189,752
5 years$193,593$184,348$175,575$167,250$159,350$140,308
6 years$159,709$150,534$141,891$133,751$126,088$107,893
7 years$135,516$126,419$117,912$109,964$102,543$85,198
8 years$117,379$108,364$99,999$92,246$85,069$68,569
9 years$103,281$94,350$86,129$78,573$71,641$55,972
10 years$92,008$83,165$75,089$67,731$61,042$46,189
11 years$82,791$74,037$66,107$58,946$52,498$38,441
12 years$75,116$66,452$58,669$51,704$45,493$32,212
13 years$68,627$60,053$52,416$45,647$39,671$27,141
14 years$63,069$54,586$47,096$40,520$34,776$22,971
15 years$58,257$49,866$42,522$36,137$30,619$19,514
16 years$54,051$45,751$38,552$32,357$27,061$16,629
17 years$50,343$42,135$35,081$29,072$23,994$14,207
18 years$47,051$38,934$32,024$26,200$21,335$12,164
19 years$44,109$36,084$29,317$23,674$19,016$10,434
20 years$41,464$33,531$26,906$21,441$16,986$8,965
21 years$39,074$31,233$24,748$19,459$15,200$7,712
22 years$36,905$29,155$22,809$17,693$13,625$6,642
23 years$34,927$27,268$21,060$16,113$12,230$5,726
24 years$33,116$25,548$19,477$14,696$10,993$4,940
25 years$31,453$23,976$18,040$13,421$9,892$4,266
26 years$29,921$22,533$16,731$12,272$8,910$3,685
27 years$28,504$21,206$15,536$11,233$8,033$3,185
28 years$27,191$19,983$14,443$10,292$7,249$2,755
29 years$25,971$18,851$13,440$9,438$6,545$2,383
30 years$24,834$17,803$12,519$8,661$5,914$2,063
31 years$23,772$16,830$11,671$7,955$5,347$1,785
32 years$22,779$15,925$10,889$7,311$4,837$1,546
33 years$21,848$15,081$10,167$6,723$4,377$1,339
34 years$20,974$14,293$9,500$6,186$3,963$1,160
35 years$20,152$13,557$8,882$5,694$3,590$1,005
36 years$19,376$12,867$8,309$5,244$3,252$871
37 years$18,645$12,221$7,777$4,832$2,948$755
38 years$17,954$11,614$7,283$4,454$2,672$654
39 years$17,299$11,044$6,823$4,106$2,423$567
40 years$16,679$10,508$6,395$3,788$2,198$491
41 years$16,091$10,002$5,997$3,495$1,994$426
42 years$15,532$9,526$5,625$3,225$1,809$369
43 years$15,001$9,076$5,278$2,977$1,642$320
44 years$14,495$8,651$4,955$2,749$1,491$278
45 years$14,013$8,250$4,652$2,539$1,353$241
46 years$13,554$7,870$4,370$2,345$1,229$209
47 years$13,115$7,511$4,105$2,166$1,116$181
48 years$12,696$7,170$3,858$2,002$1,013$157
49 years$12,295$6,847$3,626$1,850$920$136
50 years$11,911$6,540$3,409$1,710$836$118

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,200,000, adding $5,956 every year, while hoping to spend $53,248 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: 33/50/17 Blend
68$12,200,000$12,200,000$12,200,000$12,200,000
69$13,450,544$12,803,944$12,614,844$13,823,066
70$14,765,844$13,374,681$12,980,785$14,669,044
71$16,213,520$13,971,601$13,357,202$15,574,838
72$17,807,018$14,595,928$13,744,387$16,549,934
73$19,561,154$15,248,949$14,142,644$17,600,445
74$21,492,253$15,932,009$14,552,284$18,733,070
75$23,618,304$16,646,518$14,973,627$19,955,147
76$25,959,128$17,393,955$15,407,000$21,274,716
77$28,536,566$18,175,866$15,852,742$22,700,592
78$31,374,686$18,993,874$16,311,199$24,242,438
79$34,500,007$19,849,677$16,782,728$25,910,852
80$37,941,752$20,745,054$17,267,693$27,717,459
81$41,732,120$21,681,872$17,766,470$29,675,013
82$45,906,596$22,662,084$18,279,447$31,797,512
83$50,504,280$23,687,736$18,807,019$34,100,318
84$55,568,256$24,760,975$19,349,594$36,600,295
85$61,146,003$25,884,048$19,907,590$39,315,963
86$67,289,838$27,059,309$20,481,437$42,267,658
87$74,057,413$28,289,227$21,071,577$45,477,718
88$81,512,257$29,576,387$21,678,463$48,970,682
89$89,724,377$30,923,499$22,302,560$52,773,512
90$98,770,915$32,333,402$22,944,348$56,915,835
91$108,736,882$33,809,072$23,604,317$61,430,212
92$119,715,954$35,353,627$24,282,972$66,352,436
93$131,811,361$36,970,335$24,980,832$71,721,850
94$145,136,858$38,662,619$25,698,427$77,581,714
95$159,817,798$40,434,068$26,436,305$83,979,591
96$175,992,319$42,288,443$27,195,027$90,967,788
97$193,812,644$44,229,686$27,975,169$98,603,832
98$213,446,520$46,261,926$28,777,323$106,950,995
99$235,078,797$48,389,493$29,602,096$116,078,878
100$258,913,180$50,616,924$30,450,112$126,064,049