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%16.1%
1 years$1,090,044$1,080,334$1,070,861$1,061,615$1,052,587$1,026,308
2 years$539,626$529,576$519,835$510,392$501,232$474,923
3 years$356,177$346,083$336,368$327,013$318,002$292,485
4 years$264,470$254,408$244,790$235,594$226,802$202,274
5 years$209,461$199,459$189,967$180,959$172,411$148,940
6 years$172,800$162,873$153,521$144,714$136,423$114,032
7 years$146,624$136,781$127,577$118,978$110,948$89,640
8 years$127,001$117,246$108,195$99,807$92,042$71,807
9 years$111,746$102,084$93,189$85,014$77,513$58,334
10 years$99,550$89,982$81,244$73,283$66,045$47,900
11 years$89,578$80,106$71,526$63,778$56,801$39,663
12 years$81,273$71,899$63,477$55,942$49,222$33,062
13 years$74,252$64,975$56,713$49,388$42,923$27,708
14 years$68,239$59,061$50,957$43,841$37,626$23,324
15 years$63,032$53,953$46,007$39,099$33,129$19,704
16 years$58,481$49,501$41,712$35,009$29,279$16,695
17 years$54,469$45,589$37,956$31,455$25,961$14,181
18 years$50,907$42,126$34,649$28,347$23,083$12,071
19 years$47,724$39,042$31,720$25,614$20,575$10,293
20 years$44,863$36,280$29,111$23,199$18,378$8,790
21 years$42,277$33,793$26,776$21,054$16,446$7,515
22 years$39,930$31,544$24,679$19,143$14,742$6,433
23 years$37,790$29,503$22,786$17,434$13,233$5,511
24 years$35,831$27,642$21,073$15,901$11,894$4,725
25 years$34,032$25,941$19,518$14,522$10,703$4,053
26 years$32,373$24,380$18,102$13,278$9,641$3,479
27 years$30,841$22,945$16,809$12,153$8,692$2,988
28 years$29,420$21,621$15,627$11,135$7,843$2,567
29 years$28,100$20,397$14,542$10,211$7,082$2,207
30 years$26,869$19,262$13,545$9,371$6,399$1,897
31 years$25,721$18,209$12,628$8,607$5,785$1,631
32 years$24,647$17,230$11,782$7,910$5,233$1,403
33 years$23,639$16,317$11,001$7,274$4,736$1,207
34 years$22,693$15,465$10,279$6,693$4,288$1,039
35 years$21,803$14,668$9,610$6,161$3,884$894
36 years$20,965$13,922$8,990$5,674$3,519$769
37 years$20,173$13,223$8,414$5,228$3,189$662
38 years$19,425$12,566$7,880$4,819$2,891$570
39 years$18,717$11,949$7,382$4,443$2,622$491
40 years$18,046$11,369$6,919$4,098$2,378$423
41 years$17,410$10,822$6,488$3,781$2,158$364
42 years$16,806$10,307$6,086$3,489$1,958$313
43 years$16,231$9,820$5,711$3,221$1,777$270
44 years$15,683$9,361$5,361$2,974$1,613$232
45 years$15,162$8,926$5,034$2,747$1,464$200
46 years$14,665$8,515$4,728$2,537$1,329$172
47 years$14,190$8,126$4,442$2,344$1,207$148
48 years$13,737$7,757$4,174$2,166$1,096$128
49 years$13,303$7,408$3,923$2,002$996$110
50 years$12,888$7,076$3,688$1,850$904$95

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 $4,696 every year, while hoping to spend $27,035 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: 36/45/19 Blend
68$13,200,000$13,200,000$13,200,000$13,200,000
69$14,551,244$13,851,644$13,647,044$14,990,924
70$16,006,706$14,501,609$14,075,455$15,961,465
71$17,609,719$15,182,517$14,517,311$17,005,659
72$19,375,304$15,895,855$14,973,036$18,132,383
73$21,320,015$16,643,182$15,443,062$19,349,024
74$23,462,093$17,426,133$15,927,841$20,663,679
75$25,821,636$18,246,424$16,427,833$22,085,223
76$28,420,795$19,105,850$16,943,518$23,623,385
77$31,283,976$20,006,298$17,475,386$25,288,834
78$34,438,076$20,949,741$18,023,946$27,093,272
79$37,912,733$21,938,251$18,589,721$29,049,539
80$41,740,608$22,974,001$19,173,253$31,171,722
81$45,957,690$24,059,267$19,775,097$33,475,284
82$50,603,640$25,196,437$20,395,828$35,977,199
83$55,722,162$26,388,013$21,036,039$38,696,103
84$61,361,417$27,636,620$21,696,341$41,652,462
85$67,574,477$28,945,011$22,377,364$44,868,754
86$74,419,827$30,316,070$23,079,759$48,369,669
87$81,961,915$31,752,822$23,804,196$52,182,336
88$90,271,760$33,258,440$24,551,366$56,336,562
89$99,427,625$34,836,250$25,321,983$60,865,108
90$109,515,756$36,489,739$26,116,783$65,803,978
91$120,631,191$38,222,564$26,936,523$71,192,751
92$132,878,663$40,038,560$27,781,987$77,074,942
93$146,373,584$41,941,747$28,653,980$83,498,392
94$161,243,138$43,936,340$29,553,337$90,515,712
95$177,627,479$46,026,762$30,480,915$98,184,759
96$195,681,055$48,217,647$31,437,599$106,569,169
97$215,574,066$50,513,856$32,424,302$115,738,936
98$237,494,072$52,920,485$33,441,967$125,771,060
99$261,647,758$55,442,880$34,491,565$136,750,252
100$288,262,894$58,086,645$35,574,096$148,769,714