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

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 $12,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$1,057,012$1,047,597$1,038,411$1,029,445$1,020,690$996,420
2 years$523,273$513,528$504,083$494,925$486,043$461,733
3 years$345,384$335,596$326,175$317,104$308,366$284,776
4 years$256,456$246,699$237,372$228,455$219,929$197,241
5 years$203,114$193,415$184,210$175,476$167,186$145,463
6 years$167,564$157,938$148,869$140,329$132,289$111,553
7 years$142,181$132,636$123,711$115,372$107,586$87,840
8 years$123,152$113,693$104,917$96,783$89,253$70,489
9 years$108,360$98,991$90,365$82,438$75,164$57,367
10 years$96,533$87,255$78,782$71,062$64,044$47,193
11 years$86,863$77,678$69,359$61,845$55,080$39,153
12 years$78,810$69,720$61,554$54,247$47,731$32,701
13 years$72,002$63,006$54,994$47,892$41,622$27,461
14 years$66,171$57,271$49,413$42,513$36,486$23,163
15 years$61,122$52,318$44,613$37,914$32,125$19,609
16 years$56,709$48,001$40,448$33,948$28,392$16,650
17 years$52,819$44,207$36,806$30,502$25,174$14,174
18 years$49,365$40,849$33,599$27,488$22,384$12,092
19 years$46,278$37,859$30,759$24,838$19,951$10,333
20 years$43,503$35,180$28,229$22,496$17,821$8,844
21 years$40,996$32,769$25,965$20,416$15,948$7,580
22 years$38,720$30,589$23,931$18,563$14,295$6,503
23 years$36,645$28,609$22,096$16,906$12,832$5,584
24 years$34,745$26,805$20,435$15,419$11,534$4,799
25 years$33,000$25,155$18,927$14,082$10,378$4,127
26 years$31,392$23,642$17,554$12,875$9,349$3,551
27 years$29,906$22,249$16,300$11,785$8,428$3,057
28 years$28,528$20,966$15,153$10,798$7,605$2,633
29 years$27,248$19,779$14,101$9,902$6,867$2,269
30 years$26,055$18,679$13,135$9,087$6,205$1,955
31 years$24,942$17,658$12,245$8,346$5,610$1,686
32 years$23,900$16,708$11,425$7,670$5,075$1,454
33 years$22,923$15,822$10,668$7,053$4,592$1,254
34 years$22,006$14,996$9,967$6,490$4,158$1,081
35 years$21,143$14,224$9,319$5,974$3,766$933
36 years$20,329$13,500$8,717$5,502$3,412$805
37 years$19,562$12,822$8,159$5,069$3,093$695
38 years$18,837$12,186$7,641$4,673$2,804$600
39 years$18,150$11,587$7,159$4,308$2,543$517
40 years$17,500$11,024$6,710$3,974$2,306$447
41 years$16,882$10,494$6,292$3,666$2,092$386
42 years$16,296$9,994$5,902$3,384$1,898$333
43 years$15,739$9,523$5,538$3,123$1,723$287
44 years$15,208$9,077$5,198$2,884$1,564$248
45 years$14,703$8,656$4,881$2,663$1,420$214
46 years$14,220$8,257$4,584$2,460$1,289$185
47 years$13,760$7,880$4,307$2,273$1,171$160
48 years$13,320$7,522$4,047$2,100$1,063$138
49 years$12,900$7,184$3,804$1,941$965$119
50 years$12,497$6,862$3,577$1,794$877$103

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 $2,353 every year, while hoping to spend $24,575 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: 78/8/14 Blend
68$12,800,000$12,800,000$12,800,000$12,800,000
69$14,108,027$13,429,627$13,231,227$15,167,922
70$15,520,898$14,061,531$13,648,326$16,498,269
71$17,077,059$14,723,575$14,078,573$17,953,766
72$18,791,098$15,417,209$14,522,385$19,549,585
73$20,679,093$16,143,955$14,980,187$21,299,735
74$22,758,759$16,905,408$15,452,422$23,219,641
75$25,049,619$17,703,239$15,939,545$25,326,291
76$27,573,184$18,539,203$16,442,024$27,638,390
77$30,353,162$19,415,136$16,960,345$30,176,538
78$33,415,673$20,332,967$17,495,005$32,963,426
79$36,789,505$21,294,716$18,046,521$36,024,039
80$40,506,380$22,302,502$18,615,425$39,385,899
81$44,601,252$23,358,546$19,202,263$43,079,319
82$49,112,642$24,465,177$19,807,602$47,137,687
83$54,083,000$25,624,839$20,432,024$51,597,780
84$59,559,101$26,840,092$21,076,132$56,500,106
85$65,592,494$28,113,620$21,740,547$61,889,290
86$72,239,980$29,448,240$22,425,907$67,814,485
87$79,564,158$30,846,903$23,132,875$74,329,841
88$87,634,006$32,312,705$23,862,130$81,495,009
89$96,525,539$33,848,892$24,614,376$89,375,701
90$106,322,524$35,458,868$25,390,337$98,044,311
91$117,117,269$37,146,201$26,190,762$107,580,592
92$129,011,499$38,914,633$27,016,421$118,072,408
93$142,117,311$40,768,089$27,868,110$129,616,556
94$156,558,235$42,710,683$28,746,650$142,319,683
95$172,470,399$44,746,731$29,652,887$156,299,284
96$190,003,816$46,880,757$30,587,694$171,684,810
97$209,323,796$49,117,505$31,551,973$188,618,885
98$230,612,512$51,461,951$32,546,653$207,258,647
99$254,070,713$53,919,312$33,572,691$227,777,230
100$279,919,627$56,495,059$34,631,077$250,365,396