Can I retire at age 69 with 12,300,000?

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 $12,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$1,015,723$1,006,675$997,848$989,232$980,819$963,382
2 years$502,833$493,468$484,392$475,592$467,057$449,548
3 years$331,892$322,487$313,434$304,717$296,320$279,286
4 years$246,438$237,062$228,100$219,531$211,338$194,909
5 years$195,180$185,859$177,015$168,621$160,656$144,880
6 years$161,018$151,768$143,054$134,848$127,121$112,016
7 years$136,627$127,455$118,879$110,866$103,384$88,953
8 years$118,342$109,252$100,818$93,002$85,767$72,007
9 years$104,127$95,124$86,835$79,217$72,228$59,131
10 years$92,762$83,847$75,705$68,286$61,542$49,097
11 years$83,470$74,644$66,649$59,429$52,928$41,121
12 years$75,732$66,996$59,149$52,128$45,866$34,681
13 years$69,189$60,545$52,846$46,021$39,996$29,416
14 years$63,586$55,034$47,482$40,852$35,061$25,066
15 years$58,735$50,274$42,870$36,433$30,870$21,442
16 years$54,494$46,126$38,868$32,622$27,283$18,401
17 years$50,755$42,480$35,369$29,310$24,191$15,834
18 years$47,436$39,254$32,287$26,415$21,510$13,657
19 years$44,470$36,380$29,557$23,868$19,172$11,802
20 years$41,804$33,806$27,126$21,617$17,125$10,216
21 years$39,395$31,489$24,951$19,619$15,325$8,856
22 years$37,207$29,394$22,996$17,838$13,736$7,686
23 years$35,213$27,491$21,233$16,245$12,331$6,678
24 years$33,388$25,758$19,637$14,817$11,083$5,807
25 years$31,711$24,172$18,187$13,531$9,973$5,054
26 years$30,166$22,718$16,868$12,372$8,983$4,401
27 years$28,738$21,380$15,663$11,325$8,099$3,835
28 years$27,414$20,147$14,561$10,376$7,308$3,344
29 years$26,184$19,006$13,550$9,515$6,599$2,917
30 years$25,037$17,949$12,622$8,732$5,963$2,545
31 years$23,967$16,968$11,767$8,020$5,391$2,222
32 years$22,966$16,055$10,979$7,371$4,876$1,940
33 years$22,027$15,204$10,251$6,778$4,413$1,694
34 years$21,146$14,410$9,578$6,236$3,996$1,480
35 years$20,317$13,668$8,955$5,741$3,619$1,293
36 years$19,535$12,973$8,377$5,287$3,279$1,130
37 years$18,798$12,321$7,841$4,871$2,972$987
38 years$18,101$11,710$7,342$4,490$2,694$863
39 years$17,441$11,135$6,879$4,140$2,443$755
40 years$16,816$10,594$6,448$3,819$2,216$660
41 years$16,223$10,084$6,046$3,523$2,010$577
42 years$15,660$9,604$5,671$3,251$1,824$504
43 years$15,124$9,151$5,322$3,001$1,656$441
44 years$14,614$8,722$4,995$2,771$1,503$386
45 years$14,128$8,318$4,690$2,559$1,364$337
46 years$13,665$7,935$4,405$2,364$1,239$295
47 years$13,223$7,572$4,139$2,184$1,125$258
48 years$12,800$7,229$3,889$2,018$1,022$226
49 years$12,396$6,903$3,656$1,865$928$197
50 years$12,009$6,594$3,437$1,724$843$173

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,300,000, adding $2,249 every year, while hoping to spend $59,665 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: 53/40/7 Blend
68$12,300,000$12,300,000$12,300,000$12,300,000
69$13,556,920$12,905,020$12,714,370$14,252,646
70$14,876,243$13,473,883$13,076,818$15,293,127
71$16,328,136$14,068,620$13,449,409$16,417,779
72$17,926,061$14,690,437$13,832,418$17,639,843
73$19,684,846$15,340,595$14,226,131$18,968,530
74$21,620,832$16,020,416$14,630,839$20,413,960
75$23,752,025$16,731,285$15,046,840$21,987,253
76$26,098,265$17,474,651$15,474,442$23,700,627
77$28,681,413$18,252,033$15,913,960$25,567,509
78$31,525,556$19,065,023$16,365,718$27,602,662
79$34,657,240$19,915,286$16,830,046$29,822,310
80$38,105,712$20,804,568$17,307,286$32,244,294
81$41,903,201$21,734,699$17,797,787$34,888,231
82$46,085,221$22,707,593$18,301,907$37,775,692
83$50,690,907$23,725,257$18,820,013$40,930,404
84$55,763,379$24,789,795$19,352,483$44,378,461
85$61,350,156$25,903,407$19,899,704$48,148,569
86$67,503,600$27,068,403$20,462,073$52,272,308
87$74,281,412$28,287,198$21,039,996$56,784,423
88$81,747,171$29,562,327$21,633,892$61,723,141
89$89,970,944$30,896,442$22,244,188$67,130,530
90$99,029,937$32,292,324$22,871,325$73,052,882
91$109,009,228$33,752,886$23,515,752$79,541,142
92$120,002,572$35,281,180$24,177,932$86,651,384
93$132,113,280$36,880,404$24,858,339$94,445,323
94$145,455,200$38,553,909$25,557,459$102,990,895
95$160,153,786$40,305,206$26,275,789$112,362,883
96$176,347,286$42,137,974$27,013,842$122,643,613
97$194,188,044$44,056,070$27,772,140$133,923,718
98$213,843,939$46,063,532$28,551,221$146,302,985
99$235,499,970$48,164,594$29,351,637$159,891,281
100$259,360,000$50,363,693$30,173,950$174,809,576