Can I retire at age 69 with 12,600,000?

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 $12,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$1,040,496$1,031,228$1,022,186$1,013,360$1,004,742$989,319
2 years$515,097$505,504$496,207$487,192$478,448$462,947
3 years$339,987$330,352$321,079$312,149$303,547$288,451
4 years$252,449$242,844$233,663$224,886$216,493$201,916
5 years$199,940$190,393$181,332$172,734$164,574$150,561
6 years$164,946$155,470$146,543$138,137$130,222$116,787
7 years$139,959$130,563$121,778$113,570$105,905$93,054
8 years$121,228$111,917$103,277$95,271$87,859$75,589
9 years$106,667$97,444$88,953$81,150$73,990$62,295
10 years$95,025$85,892$77,551$69,952$63,043$51,914
11 years$85,506$76,465$68,275$60,879$54,219$43,644
12 years$77,579$68,630$60,592$53,399$46,985$36,952
13 years$70,877$62,022$54,135$47,143$40,972$31,466
14 years$65,137$56,376$48,641$41,849$35,916$26,921
15 years$60,167$51,501$43,916$37,322$31,623$23,124
16 years$55,823$47,251$39,816$33,417$27,949$19,928
17 years$51,993$43,516$36,231$30,025$24,781$17,222
18 years$48,593$40,211$33,074$27,059$22,034$14,918
19 years$45,555$37,267$30,278$24,450$19,640$12,949
20 years$42,823$34,630$27,788$22,144$17,542$11,259
21 years$40,355$32,257$25,559$20,097$15,698$9,804
22 years$38,115$30,111$23,557$18,273$14,071$8,548
23 years$36,072$28,162$21,751$16,642$12,631$7,462
24 years$34,202$26,386$20,116$15,178$11,353$6,519
25 years$32,485$24,762$18,631$13,862$10,216$5,701
26 years$30,902$23,272$17,279$12,674$9,202$4,989
27 years$29,439$21,902$16,045$11,601$8,297$4,368
28 years$28,083$20,638$14,916$10,629$7,486$3,827
29 years$26,822$19,470$13,881$9,747$6,760$3,354
30 years$25,648$18,387$12,930$8,945$6,108$2,941
31 years$24,552$17,382$12,054$8,216$5,522$2,580
32 years$23,526$16,447$11,246$7,550$4,995$2,264
33 years$22,565$15,575$10,501$6,943$4,521$1,987
34 years$21,662$14,762$9,811$6,388$4,093$1,745
35 years$20,812$14,001$9,173$5,881$3,707$1,532
36 years$20,012$13,289$8,581$5,416$3,359$1,346
37 years$19,256$12,622$8,032$4,990$3,044$1,182
38 years$18,542$11,995$7,521$4,600$2,760$1,039
39 years$17,867$11,406$7,047$4,241$2,503$913
40 years$17,226$10,852$6,605$3,912$2,270$802
41 years$16,619$10,330$6,193$3,609$2,060$705
42 years$16,042$9,838$5,810$3,331$1,869$620
43 years$15,493$9,374$5,451$3,075$1,696$545
44 years$14,971$8,935$5,117$2,839$1,540$479
45 years$14,473$8,520$4,805$2,622$1,398$421
46 years$13,998$8,128$4,513$2,422$1,269$370
47 years$13,545$7,757$4,240$2,237$1,152$325
48 years$13,112$7,405$3,984$2,068$1,046$286
49 years$12,698$7,071$3,745$1,911$950$252
50 years$12,302$6,755$3,521$1,766$863$221

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,600,000, adding $5,439 every year, while hoping to spend $38,185 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: 73/14/13 Blend
68$12,600,000$12,600,000$12,600,000$12,600,000
69$13,890,810$13,223,010$13,027,710$14,866,390
70$15,267,044$13,830,309$13,423,510$16,119,842
71$16,782,375$14,466,086$13,831,289$17,487,132
72$18,450,948$15,131,696$14,251,409$18,983,742
73$20,288,355$15,828,559$14,684,241$20,622,474
74$22,311,772$16,558,163$15,130,168$22,417,415
75$24,540,130$17,322,070$15,589,586$24,384,075
76$26,994,285$18,121,913$16,062,899$26,539,530
77$29,697,222$18,959,407$16,550,526$28,902,577
78$32,674,269$19,836,349$17,052,899$31,493,912
79$35,953,335$20,754,620$17,570,461$34,336,324
80$39,565,173$21,716,194$18,103,670$37,454,905
81$43,543,674$22,723,141$18,652,996$40,877,284
82$47,926,182$23,777,628$19,218,924$44,633,887
83$52,753,848$24,881,928$19,801,954$48,758,222
84$58,072,022$26,038,423$20,402,601$53,287,186
85$63,930,673$27,249,611$21,021,393$58,261,419
86$70,384,869$28,518,109$21,658,877$63,725,677
87$77,495,291$29,846,662$22,315,614$69,729,254
88$85,328,807$31,238,145$22,992,184$76,326,444
89$93,959,106$32,695,574$23,689,183$83,577,049
90$103,467,388$34,222,111$24,407,224$91,546,939
91$113,943,135$35,821,068$25,146,939$100,308,670
92$125,484,953$37,495,919$25,908,980$109,942,164
93$138,201,505$39,250,306$26,694,018$120,535,461
94$152,212,534$41,088,046$27,502,743$132,185,544
95$167,649,994$43,013,141$28,335,866$144,999,247
96$184,659,295$45,029,787$29,194,119$159,094,263
97$203,400,679$47,142,382$30,078,258$174,600,247
98$224,050,727$49,355,538$30,989,058$191,660,032
99$246,804,030$51,674,088$31,927,321$210,430,978
100$271,875,025$54,103,102$32,893,869$231,086,446