Can I retire at age 69 with 12,500,000?

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 $12,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$1,032,238$1,023,044$1,014,073$1,005,317$996,768$963,319
2 years$511,009$501,492$492,268$483,326$474,651$441,282
3 years$337,289$327,731$318,530$309,671$301,138$268,897
4 years$250,446$240,917$231,808$223,101$214,774$183,907
5 years$198,353$188,882$179,893$171,363$163,268$133,856
6 years$163,636$154,236$145,380$137,040$129,188$101,257
7 years$138,848$129,527$120,812$112,668$105,065$78,609
8 years$120,266$111,029$102,458$94,515$87,161$62,161
9 years$105,820$96,670$88,247$80,506$73,402$49,827
10 years$94,271$85,210$76,936$69,397$62,543$40,355
11 years$84,827$75,858$67,733$60,396$53,789$32,946
12 years$76,963$68,086$60,111$52,975$46,612$27,067
13 years$70,314$61,530$53,705$46,769$40,647$22,349
14 years$64,620$55,929$48,255$41,516$35,631$18,528
15 years$59,690$51,092$43,567$37,025$31,372$15,412
16 years$55,380$46,876$39,500$33,152$27,727$12,854
17 years$51,581$43,171$35,944$29,787$24,584$10,744
18 years$48,208$39,892$32,812$26,844$21,859$8,997
19 years$45,193$36,971$30,038$24,256$19,484$7,546
20 years$42,484$34,356$27,567$21,968$17,403$6,337
21 years$40,035$32,001$25,356$19,938$15,574$5,327
22 years$37,812$29,872$23,370$18,128$13,960$4,482
23 years$35,786$27,938$21,578$16,509$12,531$3,774
24 years$33,931$26,176$19,956$15,058$11,263$3,179
25 years$32,227$24,565$18,483$13,752$10,135$2,680
26 years$30,657$23,087$17,142$12,574$9,129$2,260
27 years$29,205$21,728$15,918$11,509$8,231$1,907
28 years$27,860$20,474$14,798$10,545$7,427$1,609
29 years$26,609$19,315$13,771$9,670$6,706$1,358
30 years$25,445$18,241$12,827$8,874$6,060$1,147
31 years$24,357$17,244$11,958$8,150$5,478$968
32 years$23,340$16,316$11,157$7,490$4,956$818
33 years$22,386$15,452$10,418$6,888$4,485$691
34 years$21,490$14,645$9,734$6,338$4,061$584
35 years$20,647$13,890$9,100$5,834$3,678$493
36 years$19,853$13,184$8,513$5,373$3,332$417
37 years$19,103$12,522$7,968$4,951$3,020$352
38 years$18,395$11,900$7,462$4,563$2,738$298
39 years$17,725$11,316$6,991$4,207$2,483$251
40 years$17,089$10,766$6,552$3,881$2,252$212
41 years$16,487$10,248$6,144$3,580$2,043$180
42 years$15,914$9,760$5,763$3,304$1,854$152
43 years$15,370$9,299$5,408$3,050$1,683$128
44 years$14,852$8,864$5,077$2,816$1,527$108
45 years$14,358$8,453$4,767$2,601$1,387$92
46 years$13,887$8,064$4,477$2,403$1,259$77
47 years$13,438$7,695$4,206$2,220$1,143$65
48 years$13,008$7,346$3,953$2,051$1,038$55
49 years$12,597$7,015$3,715$1,896$943$47
50 years$12,204$6,701$3,493$1,752$856$40

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,500,000, adding $4,025 every year, while hoping to spend $30,732 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: 41/35/24 Blend
68$12,500,000$12,500,000$12,500,000$12,500,000
69$13,779,152$13,116,652$12,922,902$14,246,593
70$15,151,927$13,726,669$13,323,120$15,192,548
71$16,663,695$14,365,547$13,735,716$16,212,568
72$18,328,600$15,034,668$14,161,072$17,316,050
73$20,162,231$15,735,480$14,599,581$18,510,665
74$22,181,761$16,469,501$15,051,649$19,804,832
75$24,406,117$17,238,323$15,517,696$21,207,790
76$26,856,154$18,043,615$15,998,153$22,729,682
77$29,554,855$18,887,125$16,493,464$24,381,644
78$32,527,544$19,770,687$17,004,088$26,175,905
79$35,802,127$20,696,224$17,530,498$28,125,897
80$39,409,355$21,665,751$18,073,182$30,246,375
81$43,383,116$22,681,380$18,632,640$32,553,550
82$47,760,753$23,745,325$19,209,392$35,065,236
83$52,583,413$24,859,910$19,803,971$37,801,010
84$57,896,444$26,027,568$20,416,926$40,782,390
85$63,749,814$27,250,852$21,048,825$44,033,031
86$70,198,587$28,532,436$21,700,253$47,578,939
87$77,303,443$29,875,125$22,371,812$51,448,711
88$85,131,250$31,281,862$23,064,123$55,673,791
89$93,755,692$32,755,728$23,777,827$60,288,765
90$103,257,972$34,299,958$24,513,583$65,331,669
91$113,727,568$35,917,939$25,272,071$70,844,348
92$125,263,088$37,613,226$26,053,993$76,872,831
93$137,973,193$39,389,544$26,860,072$83,467,763
94$151,977,626$41,250,799$27,691,052$90,684,863
95$167,408,344$43,201,088$28,547,702$98,585,447
96$184,410,758$45,244,705$29,430,813$107,236,988
97$203,145,112$47,386,151$30,341,202$116,713,744
98$223,787,990$49,630,149$31,279,708$127,097,439
99$246,533,986$51,981,649$32,247,201$138,478,030
100$271,597,543$54,445,840$33,244,572$150,954,531