Can I retire at age 69 with 12,700,000?

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 $12,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$974,846
2 years$519,185$509,516$500,145$491,059$482,246$444,526
3 years$342,685$332,974$323,627$314,626$305,956$269,574
4 years$254,453$244,771$235,517$226,670$218,211$183,442
5 years$201,527$191,904$182,771$174,105$165,880$132,816
6 years$166,255$156,704$147,706$139,233$131,255$99,919
7 years$141,070$131,600$122,745$114,471$106,746$77,128
8 years$122,190$112,805$104,097$96,027$88,556$60,629
9 years$107,513$98,217$89,659$81,794$74,577$48,303
10 years$95,779$86,574$78,167$70,507$63,543$38,874
11 years$86,184$77,071$68,817$61,362$54,649$31,531
12 years$78,195$69,175$61,073$53,823$47,358$25,732
13 years$71,439$62,514$54,565$47,517$41,297$21,103
14 years$65,654$56,824$49,027$42,181$36,201$17,373
15 years$60,645$51,909$44,264$37,618$31,874$14,348
16 years$56,266$47,626$40,132$33,683$28,170$11,881
17 years$52,406$43,862$36,519$30,264$24,978$9,858
18 years$48,979$40,530$33,337$27,274$22,209$8,194
19 years$45,916$37,563$30,518$24,644$19,795$6,820
20 years$43,163$34,905$28,008$22,320$17,682$5,683
21 years$40,676$32,513$25,762$20,257$15,823$4,741
22 years$38,417$30,350$23,744$18,418$14,183$3,958
23 years$36,358$28,385$21,923$16,774$12,732$3,306
24 years$34,474$26,595$20,275$15,299$11,443$2,763
25 years$32,743$24,958$18,779$13,972$10,297$2,311
26 years$31,147$23,457$17,417$12,775$9,276$1,933
27 years$29,672$22,076$16,173$11,693$8,363$1,618
28 years$28,306$20,802$15,035$10,713$7,546$1,354
29 years$27,035$19,624$13,991$9,824$6,814$1,134
30 years$25,852$18,533$13,032$9,016$6,157$949
31 years$24,747$17,520$12,150$8,281$5,566$795
32 years$23,713$16,577$11,336$7,610$5,035$666
33 years$22,744$15,699$10,584$6,998$4,557$558
34 years$21,834$14,879$9,889$6,439$4,126$468
35 years$20,977$14,112$9,246$5,927$3,737$392
36 years$20,171$13,395$8,649$5,459$3,386$328
37 years$19,409$12,722$8,095$5,030$3,068$275
38 years$18,689$12,090$7,581$4,636$2,782$231
39 years$18,008$11,497$7,103$4,275$2,523$193
40 years$17,363$10,938$6,657$3,943$2,288$162
41 years$16,751$10,412$6,242$3,638$2,076$136
42 years$16,169$9,916$5,856$3,357$1,884$114
43 years$15,616$9,448$5,495$3,099$1,710$95
44 years$15,089$9,006$5,158$2,861$1,552$80
45 years$14,588$8,588$4,843$2,643$1,409$67
46 years$14,109$8,193$4,549$2,441$1,279$56
47 years$13,653$7,818$4,273$2,255$1,161$47
48 years$13,216$7,464$4,016$2,084$1,055$39
49 years$12,799$7,127$3,775$1,926$958$33
50 years$12,400$6,808$3,549$1,780$870$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,700,000, adding $3,329 every year, while hoping to spend $43,368 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: 76/19/5 Blend
68$12,700,000$12,700,000$12,700,000$12,700,000
69$13,998,834$13,325,734$13,128,884$15,058,387
70$15,380,572$13,932,552$13,522,558$16,361,295
71$16,901,793$14,567,650$13,927,967$17,783,008
72$18,576,680$15,232,369$14,345,458$19,339,951
73$20,420,859$15,928,112$14,775,388$21,045,510
74$22,451,549$16,656,352$15,218,126$22,914,419
75$24,687,724$17,418,630$15,674,050$24,962,895
76$27,150,291$18,216,562$16,143,550$27,208,792
77$29,862,289$19,051,842$16,627,028$29,671,763
78$32,849,105$19,926,245$17,124,896$32,373,445
79$36,138,714$20,841,631$17,637,580$35,337,662
80$39,761,941$21,799,949$18,165,517$38,590,641
81$43,752,755$22,803,243$18,709,158$42,161,262
82$48,148,588$23,853,654$19,268,967$46,081,326
83$52,990,687$24,953,426$19,845,420$50,385,851
84$58,324,505$26,104,912$20,439,009$55,113,399
85$64,200,128$27,310,576$21,050,240$60,306,436
86$70,672,750$28,573,004$21,679,632$66,011,730
87$77,803,193$29,894,903$22,327,722$72,280,787
88$85,658,478$31,279,112$22,995,060$79,170,335
89$94,312,462$32,728,608$23,682,214$86,742,852
90$103,846,532$34,246,509$24,389,767$95,067,154
91$114,350,374$35,836,084$25,118,320$104,219,038
92$125,922,821$37,500,761$25,868,492$114,281,992
93$138,672,781$39,244,130$26,640,919$125,347,979
94$152,720,272$41,069,959$27,436,257$137,518,301
95$168,197,546$42,982,194$28,255,178$150,904,544
96$185,250,346$44,984,972$29,098,377$165,629,630
97$204,039,277$47,082,631$29,966,568$181,828,972
98$224,741,320$49,279,717$30,860,485$199,651,738
99$247,551,508$51,580,996$31,780,884$219,262,263
100$272,684,762$53,991,465$32,728,544$240,841,583