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%12.8%
1 years$1,048,754$1,039,412$1,030,298$1,021,402$1,012,716$1,000,891
2 years$519,185$509,516$500,145$491,059$482,246$470,344
3 years$342,685$332,974$323,627$314,626$305,956$294,346
4 years$254,453$244,771$235,517$226,670$218,211$206,982
5 years$201,527$191,904$182,771$174,105$165,880$155,066
6 years$166,255$156,704$147,706$139,233$131,255$120,869
7 years$141,070$131,600$122,745$114,471$106,746$96,791
8 years$122,190$112,805$104,097$96,027$88,556$79,032
9 years$107,513$98,217$89,659$81,794$74,577$65,480
10 years$95,779$86,574$78,167$70,507$63,543$54,868
11 years$86,184$77,071$68,817$61,362$54,649$46,387
12 years$78,195$69,175$61,073$53,823$47,358$39,500
13 years$71,439$62,514$54,565$47,517$41,297$33,834
14 years$65,654$56,824$49,027$42,181$36,201$29,122
15 years$60,645$51,909$44,264$37,618$31,874$25,168
16 years$56,266$47,626$40,132$33,683$28,170$21,826
17 years$52,406$43,862$36,519$30,264$24,978$18,982
18 years$48,979$40,530$33,337$27,274$22,209$16,550
19 years$45,916$37,563$30,518$24,644$19,795$14,460
20 years$43,163$34,905$28,008$22,320$17,682$12,657
21 years$40,676$32,513$25,762$20,257$15,823$11,096
22 years$38,417$30,350$23,744$18,418$14,183$9,741
23 years$36,358$28,385$21,923$16,774$12,732$8,562
24 years$34,474$26,595$20,275$15,299$11,443$7,533
25 years$32,743$24,958$18,779$13,972$10,297$6,634
26 years$31,147$23,457$17,417$12,775$9,276$5,847
27 years$29,672$22,076$16,173$11,693$8,363$5,157
28 years$28,306$20,802$15,035$10,713$7,546$4,551
29 years$27,035$19,624$13,991$9,824$6,814$4,018
30 years$25,852$18,533$13,032$9,016$6,157$3,550
31 years$24,747$17,520$12,150$8,281$5,566$3,137
32 years$23,713$16,577$11,336$7,610$5,035$2,773
33 years$22,744$15,699$10,584$6,998$4,557$2,453
34 years$21,834$14,879$9,889$6,439$4,126$2,170
35 years$20,977$14,112$9,246$5,927$3,737$1,920
36 years$20,171$13,395$8,649$5,459$3,386$1,699
37 years$19,409$12,722$8,095$5,030$3,068$1,504
38 years$18,689$12,090$7,581$4,636$2,782$1,332
39 years$18,008$11,497$7,103$4,275$2,523$1,179
40 years$17,363$10,938$6,657$3,943$2,288$1,044
41 years$16,751$10,412$6,242$3,638$2,076$925
42 years$16,169$9,916$5,856$3,357$1,884$819
43 years$15,616$9,448$5,495$3,099$1,710$726
44 years$15,089$9,006$5,158$2,861$1,552$643
45 years$14,588$8,588$4,843$2,643$1,409$570
46 years$14,109$8,193$4,549$2,441$1,279$505
47 years$13,653$7,818$4,273$2,255$1,161$447
48 years$13,216$7,464$4,016$2,084$1,055$396
49 years$12,799$7,127$3,775$1,926$958$351
50 years$12,400$6,808$3,549$1,780$870$311

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 $5,647 every year, while hoping to spend $38,839 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: 42/42/16 Blend
68$12,700,000$12,700,000$12,700,000$12,700,000
69$14,001,225$13,328,125$13,131,275$14,523,419
70$15,388,025$13,939,879$13,529,848$15,503,963
71$16,914,978$14,580,307$13,940,472$16,560,848
72$18,596,337$15,250,773$14,363,509$17,704,488
73$20,447,809$15,952,707$14,799,333$18,942,845
74$22,486,703$16,687,607$15,248,328$20,284,653
75$24,732,091$17,457,043$15,710,891$21,739,497
76$27,204,988$18,262,662$16,187,429$23,317,897
77$29,928,553$19,106,189$16,678,364$25,031,402
78$32,928,303$19,989,430$17,184,128$26,892,689
79$36,232,361$20,914,283$17,705,166$28,915,684
80$39,871,711$21,882,732$18,241,939$31,115,679
81$43,880,500$22,896,860$18,794,918$33,509,475
82$48,296,354$23,958,850$19,364,591$36,115,527
83$53,160,737$25,070,988$19,951,459$38,954,118
84$58,519,338$26,235,673$20,556,040$42,047,538
85$64,422,508$27,455,418$21,178,864$45,420,285
86$70,925,728$28,732,858$21,820,481$49,099,290
87$78,090,139$30,070,754$22,481,453$53,114,161
88$85,983,114$31,472,002$23,162,362$57,497,454
89$94,678,897$32,939,636$23,863,808$62,284,968
90$104,259,304$34,476,837$24,586,404$67,516,074
91$114,814,492$36,086,941$25,330,788$73,234,075
92$126,443,812$37,773,443$26,097,611$79,486,602
93$139,256,748$39,540,009$26,887,548$86,326,056
94$153,373,946$41,390,480$27,701,291$93,810,083
95$168,928,359$43,328,883$28,539,554$102,002,113
96$186,066,495$45,359,442$29,403,073$110,971,938
97$204,949,806$47,486,583$30,292,604$120,796,358
98$225,756,207$49,714,946$31,208,927$131,559,895
99$248,681,758$52,049,397$32,152,845$143,355,569
100$273,942,516$54,495,036$33,125,184$156,285,765