Can I retire at age 69 with 13,200,000?

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 $13,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,042,028
2 years$539,626$529,576$519,835$510,392$501,232$490,597
3 years$356,177$346,083$336,368$327,013$318,002$307,621
4 years$264,470$254,408$244,790$235,594$226,802$216,754
5 years$209,461$199,459$189,967$180,959$172,411$162,727
6 years$172,800$162,873$153,521$144,714$136,423$127,114
7 years$146,624$136,781$127,577$118,978$110,948$102,019
8 years$127,001$117,246$108,195$99,807$92,042$83,492
9 years$111,746$102,084$93,189$85,014$77,513$69,338
10 years$99,550$89,982$81,244$73,283$66,045$58,241
11 years$89,578$80,106$71,526$63,778$56,801$49,361
12 years$81,273$71,899$63,477$55,942$49,222$42,140
13 years$74,252$64,975$56,713$49,388$42,923$36,189
14 years$68,239$59,061$50,957$43,841$37,626$31,231
15 years$63,032$53,953$46,007$39,099$33,129$27,064
16 years$58,481$49,501$41,712$35,009$29,279$23,535
17 years$54,469$45,589$37,956$31,455$25,961$20,526
18 years$50,907$42,126$34,649$28,347$23,083$17,947
19 years$47,724$39,042$31,720$25,614$20,575$15,726
20 years$44,863$36,280$29,111$23,199$18,378$13,806
21 years$42,277$33,793$26,776$21,054$16,446$12,140
22 years$39,930$31,544$24,679$19,143$14,742$10,690
23 years$37,790$29,503$22,786$17,434$13,233$9,424
24 years$35,831$27,642$21,073$15,901$11,894$8,318
25 years$34,032$25,941$19,518$14,522$10,703$7,348
26 years$32,373$24,380$18,102$13,278$9,641$6,497
27 years$30,841$22,945$16,809$12,153$8,692$5,748
28 years$29,420$21,621$15,627$11,135$7,843$5,089
29 years$28,100$20,397$14,542$10,211$7,082$4,508
30 years$26,869$19,262$13,545$9,371$6,399$3,995
31 years$25,721$18,209$12,628$8,607$5,785$3,542
32 years$24,647$17,230$11,782$7,910$5,233$3,142
33 years$23,639$16,317$11,001$7,274$4,736$2,788
34 years$22,693$15,465$10,279$6,693$4,288$2,474
35 years$21,803$14,668$9,610$6,161$3,884$2,197
36 years$20,965$13,922$8,990$5,674$3,519$1,951
37 years$20,173$13,223$8,414$5,228$3,189$1,733
38 years$19,425$12,566$7,880$4,819$2,891$1,539
39 years$18,717$11,949$7,382$4,443$2,622$1,368
40 years$18,046$11,369$6,919$4,098$2,378$1,215
41 years$17,410$10,822$6,488$3,781$2,158$1,080
42 years$16,806$10,307$6,086$3,489$1,958$960
43 years$16,231$9,820$5,711$3,221$1,777$854
44 years$15,683$9,361$5,361$2,974$1,613$759
45 years$15,162$8,926$5,034$2,747$1,464$675
46 years$14,665$8,515$4,728$2,537$1,329$600
47 years$14,190$8,126$4,442$2,344$1,207$533
48 years$13,737$7,757$4,174$2,166$1,096$474
49 years$13,303$7,408$3,923$2,002$996$422
50 years$12,888$7,076$3,688$1,850$904$375

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $13,200,000, adding $6,074 every year, while hoping to spend $27,158 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: 66/14/20 Blend
68$13,200,000$13,200,000$13,200,000$13,200,000
69$14,552,665$13,853,065$13,648,465$15,439,537
70$16,008,141$14,502,970$14,076,793$16,684,958
71$17,611,166$15,183,809$14,518,559$18,042,244
72$19,376,759$15,897,071$14,974,186$19,525,399
73$21,321,475$16,644,314$15,444,108$21,146,782
74$23,463,553$17,427,173$15,928,773$22,919,989
75$25,823,093$18,247,361$16,428,644$24,859,989
76$28,422,243$19,106,676$16,944,198$26,983,253
77$31,285,409$20,007,001$17,475,926$29,307,910
78$34,439,488$20,950,311$18,024,337$31,853,917
79$37,914,116$21,938,676$18,589,952$34,643,242
80$41,741,953$22,974,269$19,173,313$37,700,069
81$45,958,988$24,059,364$19,774,975$41,051,024
82$50,604,880$25,196,348$20,395,512$44,725,420
83$55,723,333$26,387,724$21,035,517$48,755,535
84$61,362,506$27,636,115$21,695,599$53,176,906
85$67,575,469$28,944,273$22,376,389$58,028,667
86$74,420,705$30,315,080$23,078,537$63,353,912
87$81,962,660$31,751,562$23,802,711$69,200,096
88$90,272,353$33,256,890$24,549,603$75,619,482
89$99,428,043$34,834,388$25,319,925$82,669,624
90$109,515,973$36,487,542$26,114,412$90,413,912
91$120,631,179$38,220,009$26,933,821$98,922,163
92$132,878,390$40,035,620$27,778,935$108,271,272
93$146,373,017$41,938,396$28,650,560$118,545,936
94$161,242,237$43,932,550$29,549,527$129,839,445
95$177,626,202$46,022,502$30,476,693$142,254,561
96$195,679,355$48,212,885$31,432,942$155,904,476
97$215,571,891$50,508,558$32,419,187$170,913,880
98$237,491,363$52,914,616$33,436,369$187,420,125
99$261,644,451$55,436,402$34,485,457$205,574,521
100$288,258,917$58,079,518$35,567,452$225,543,752