Can I retire at age 69 with 12,800,000?

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$996,825
2 years$523,273$513,528$504,083$494,925$486,043$462,135
3 years$345,384$335,596$326,175$317,104$308,366$285,162
4 years$256,456$246,699$237,372$228,455$219,929$197,608
5 years$203,114$193,415$184,210$175,476$167,186$145,810
6 years$167,564$157,938$148,869$140,329$132,289$111,880
7 years$142,181$132,636$123,711$115,372$107,586$88,147
8 years$123,152$113,693$104,917$96,783$89,253$70,777
9 years$108,360$98,991$90,365$82,438$75,164$57,636
10 years$96,533$87,255$78,782$71,062$64,044$47,444
11 years$86,863$77,678$69,359$61,845$55,080$39,386
12 years$78,810$69,720$61,554$54,247$47,731$32,917
13 years$72,002$63,006$54,994$47,892$41,622$27,661
14 years$66,171$57,271$49,413$42,513$36,486$23,348
15 years$61,122$52,318$44,613$37,914$32,125$19,779
16 years$56,709$48,001$40,448$33,948$28,392$16,807
17 years$52,819$44,207$36,806$30,502$25,174$14,318
18 years$49,365$40,849$33,599$27,488$22,384$12,223
19 years$46,278$37,859$30,759$24,838$19,951$10,454
20 years$43,503$35,180$28,229$22,496$17,821$8,954
21 years$40,996$32,769$25,965$20,416$15,948$7,679
22 years$38,720$30,589$23,931$18,563$14,295$6,593
23 years$36,645$28,609$22,096$16,906$12,832$5,666
24 years$34,745$26,805$20,435$15,419$11,534$4,873
25 years$33,000$25,155$18,927$14,082$10,378$4,194
26 years$31,392$23,642$17,554$12,875$9,349$3,612
27 years$29,906$22,249$16,300$11,785$8,428$3,112
28 years$28,528$20,966$15,153$10,798$7,605$2,683
29 years$27,248$19,779$14,101$9,902$6,867$2,313
30 years$26,055$18,679$13,135$9,087$6,205$1,995
31 years$24,942$17,658$12,245$8,346$5,610$1,722
32 years$23,900$16,708$11,425$7,670$5,075$1,486
33 years$22,923$15,822$10,668$7,053$4,592$1,283
34 years$22,006$14,996$9,967$6,490$4,158$1,107
35 years$21,143$14,224$9,319$5,974$3,766$956
36 years$20,329$13,500$8,717$5,502$3,412$826
37 years$19,562$12,822$8,159$5,069$3,093$713
38 years$18,837$12,186$7,641$4,673$2,804$616
39 years$18,150$11,587$7,159$4,308$2,543$532
40 years$17,500$11,024$6,710$3,974$2,306$460
41 years$16,882$10,494$6,292$3,666$2,092$397
42 years$16,296$9,994$5,902$3,384$1,898$343
43 years$15,739$9,523$5,538$3,123$1,723$296
44 years$15,208$9,077$5,198$2,884$1,564$256
45 years$14,703$8,656$4,881$2,663$1,420$221
46 years$14,220$8,257$4,584$2,460$1,289$191
47 years$13,760$7,880$4,307$2,273$1,171$165
48 years$13,320$7,522$4,047$2,100$1,063$143
49 years$12,900$7,184$3,804$1,941$965$123
50 years$12,497$6,862$3,577$1,794$877$107

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $12,800,000, adding $2,673 every year, while hoping to spend $20,823 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: 76/11/13 Blend
68$12,800,000$12,800,000$12,800,000$12,800,000
69$14,108,357$13,429,957$13,231,557$15,143,199
70$15,525,254$14,065,870$13,652,659$16,462,008
71$17,085,977$14,732,244$14,087,170$17,904,477
72$18,805,173$15,430,550$14,535,516$19,485,216
73$20,698,985$16,162,332$14,998,140$21,217,982
74$22,785,199$16,929,204$15,475,496$23,117,920
75$25,083,418$17,732,863$15,968,054$25,201,705
76$27,615,240$18,575,087$16,476,296$27,487,696
77$30,404,467$19,457,738$17,000,725$29,996,112
78$33,477,328$20,382,773$17,541,855$32,749,213
79$36,862,726$21,352,240$18,100,218$35,771,516
80$40,592,512$22,368,288$18,676,363$39,090,017
81$44,701,785$23,433,171$19,270,858$42,734,449
82$49,229,223$24,549,251$19,884,287$46,737,555
83$54,217,446$25,719,007$20,517,253$51,135,400
84$59,713,423$26,945,036$21,170,379$55,967,705
85$65,768,913$28,230,064$21,844,308$61,278,218
86$72,440,952$29,576,946$22,539,701$67,115,127
87$79,792,392$30,988,680$23,257,244$73,531,510
88$87,892,496$32,468,406$23,997,643$80,585,835
89$96,817,592$34,019,419$24,761,625$88,342,504
90$106,651,789$35,645,173$25,549,942$96,872,461
91$117,487,777$37,349,292$26,363,370$106,253,857
92$129,427,697$39,135,574$27,202,710$116,572,784
93$142,584,108$41,008,003$28,068,787$127,924,083
94$157,081,049$42,970,756$28,962,453$140,412,236
95$173,055,208$45,028,216$29,884,587$154,152,346
96$190,657,216$47,184,976$30,836,098$169,271,221
97$210,053,067$49,445,854$31,817,921$185,908,565
98$231,425,681$51,815,902$32,831,023$204,218,293
99$254,976,639$54,300,420$33,876,401$224,369,977
100$280,928,079$56,904,963$34,955,084$246,550,441