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

Use the below retirement simulation to view the chances of a successful retirement.
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%14.1%
1 years$1,007,465$998,491$989,735$981,190$972,845$956,335
2 years$498,745$489,456$480,454$471,726$463,260$446,677
3 years$329,194$319,865$310,886$302,239$293,911$277,772
4 years$244,435$235,135$226,245$217,746$209,620$194,049
5 years$193,593$184,348$175,575$167,250$159,350$144,391
6 years$159,709$150,534$141,891$133,751$126,088$111,759
7 years$135,516$126,419$117,912$109,964$102,543$88,849
8 years$117,379$108,364$99,999$92,246$85,069$72,006
9 years$103,281$94,350$86,129$78,573$71,641$59,201
10 years$92,008$83,165$75,089$67,731$61,042$49,215
11 years$82,791$74,037$66,107$58,946$52,498$41,272
12 years$75,116$66,452$58,669$51,704$45,493$34,853
13 years$68,627$60,053$52,416$45,647$39,671$29,601
14 years$63,069$54,586$47,096$40,520$34,776$25,258
15 years$58,257$49,866$42,522$36,137$30,619$21,636
16 years$54,051$45,751$38,552$32,357$27,061$18,593
17 years$50,343$42,135$35,081$29,072$23,994$16,023
18 years$47,051$38,934$32,024$26,200$21,335$13,839
19 years$44,109$36,084$29,317$23,674$19,016$11,977
20 years$41,464$33,531$26,906$21,441$16,986$10,383
21 years$39,074$31,233$24,748$19,459$15,200$9,014
22 years$36,905$29,155$22,809$17,693$13,625$7,836
23 years$34,927$27,268$21,060$16,113$12,230$6,818
24 years$33,116$25,548$19,477$14,696$10,993$5,939
25 years$31,453$23,976$18,040$13,421$9,892$5,177
26 years$29,921$22,533$16,731$12,272$8,910$4,516
27 years$28,504$21,206$15,536$11,233$8,033$3,941
28 years$27,191$19,983$14,443$10,292$7,249$3,442
29 years$25,971$18,851$13,440$9,438$6,545$3,007
30 years$24,834$17,803$12,519$8,661$5,914$2,628
31 years$23,772$16,830$11,671$7,955$5,347$2,298
32 years$22,779$15,925$10,889$7,311$4,837$2,010
33 years$21,848$15,081$10,167$6,723$4,377$1,758
34 years$20,974$14,293$9,500$6,186$3,963$1,538
35 years$20,152$13,557$8,882$5,694$3,590$1,346
36 years$19,376$12,867$8,309$5,244$3,252$1,178
37 years$18,645$12,221$7,777$4,832$2,948$1,032
38 years$17,954$11,614$7,283$4,454$2,672$903
39 years$17,299$11,044$6,823$4,106$2,423$791
40 years$16,679$10,508$6,395$3,788$2,198$693
41 years$16,091$10,002$5,997$3,495$1,994$607
42 years$15,532$9,526$5,625$3,225$1,809$532
43 years$15,001$9,076$5,278$2,977$1,642$466
44 years$14,495$8,651$4,955$2,749$1,491$408
45 years$14,013$8,250$4,652$2,539$1,353$357
46 years$13,554$7,870$4,370$2,345$1,229$313
47 years$13,115$7,511$4,105$2,166$1,116$274
48 years$12,696$7,170$3,858$2,002$1,013$240
49 years$12,295$6,847$3,626$1,850$920$211
50 years$11,911$6,540$3,409$1,710$836$185

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 $5,188 every year, while hoping to spend $39,212 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: 58/36/6 Blend
68$12,200,000$12,200,000$12,200,000$12,200,000
69$13,449,751$12,803,151$12,614,051$14,213,301
70$14,779,905$13,388,785$12,994,901$15,311,966
71$16,244,420$14,001,800$13,387,195$16,503,954
72$17,856,959$14,643,497$13,791,274$17,802,120
73$19,632,580$15,315,239$14,207,493$19,216,622
74$21,587,871$16,018,453$14,636,212$20,758,626
75$23,741,114$16,754,638$15,077,805$22,440,406
76$26,112,454$17,525,361$15,532,658$24,275,454
77$28,724,087$18,332,266$16,001,164$26,278,602
78$31,600,473$19,177,077$16,483,733$28,466,160
79$34,768,567$20,061,600$16,980,784$30,856,065
80$38,258,069$20,987,726$17,492,748$33,468,042
81$42,101,709$21,957,441$18,020,072$36,323,786
82$46,335,550$22,972,823$18,563,212$39,447,163
83$50,999,337$24,036,052$19,122,640$42,864,427
84$56,136,864$25,149,413$19,698,842$46,604,463
85$61,796,389$26,315,299$20,292,319$50,699,052
86$68,031,093$27,536,221$20,903,584$55,183,164
87$74,899,578$28,814,810$21,533,168$60,095,282
88$82,466,423$30,153,823$22,181,616$65,477,757
89$90,802,788$31,556,151$22,849,491$71,377,199
90$99,987,094$33,024,823$23,537,370$77,844,911
91$110,105,755$34,563,017$24,245,849$84,937,364
92$121,253,999$36,174,062$24,975,542$92,716,717
93$133,536,764$37,861,448$25,727,080$101,251,402
94$147,069,688$39,628,834$26,501,112$110,616,750
95$161,980,205$41,480,055$27,298,307$120,895,703
96$178,408,741$43,419,132$28,119,355$132,179,577
97$196,510,043$45,450,281$28,964,965$144,568,917
98$216,454,643$47,577,920$29,835,866$158,174,433
99$238,430,459$49,806,681$30,732,811$173,118,031
100$262,644,579$52,141,421$31,656,572$189,533,956