Can I retire at age 69 with 13,300,000?

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 $13,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$1,098,302$1,088,518$1,078,974$1,069,658$1,060,561$1,042,133
2 years$543,714$533,587$523,774$514,258$505,029$486,524
3 years$358,875$348,705$338,916$329,490$320,411$302,404
4 years$266,474$256,335$246,644$237,379$228,520$211,150
5 years$211,048$200,970$191,406$182,330$173,717$157,034
6 years$174,109$164,107$154,685$145,811$137,456$121,479
7 years$147,735$137,817$128,544$119,879$111,789$96,521
8 years$127,963$118,135$109,015$100,564$92,740$78,179
9 years$112,593$102,857$93,895$85,658$78,100$64,238
10 years$100,304$90,664$81,860$73,838$66,545$53,370
11 years$90,256$80,713$72,068$64,261$57,231$44,728
12 years$81,889$72,443$63,958$56,366$49,595$37,748
13 years$74,814$65,468$57,143$49,762$43,248$32,038
14 years$68,756$59,508$51,343$44,173$37,911$27,319
15 years$63,510$54,362$46,356$39,395$33,380$23,385
16 years$58,924$49,876$42,028$35,274$29,501$20,083
17 years$54,882$45,934$38,244$31,693$26,158$17,294
18 years$51,293$42,445$34,912$28,562$23,258$14,926
19 years$48,086$39,338$31,960$25,808$20,731$12,909
20 years$45,202$36,554$29,331$23,374$18,517$11,182
21 years$42,597$34,049$26,979$21,214$16,571$9,701
22 years$40,232$31,783$24,866$19,288$14,853$8,426
23 years$38,076$29,726$22,959$17,566$13,333$7,326
24 years$36,102$27,852$21,233$16,021$11,984$6,376
25 years$34,289$26,137$19,666$14,632$10,784$5,553
26 years$32,619$24,565$18,239$13,378$9,714$4,840
27 years$31,074$23,119$16,937$12,246$8,758$4,221
28 years$29,643$21,784$15,745$11,220$7,902$3,683
29 years$28,312$20,551$14,652$10,289$7,136$3,215
30 years$27,073$19,408$13,648$9,442$6,447$2,808
31 years$25,916$18,347$12,723$8,672$5,829$2,453
32 years$24,833$17,360$11,871$7,970$5,273$2,144
33 years$23,818$16,441$11,084$7,329$4,772$1,874
34 years$22,865$15,582$10,356$6,743$4,320$1,638
35 years$21,968$14,779$9,683$6,208$3,913$1,432
36 years$21,123$14,028$9,058$5,717$3,546$1,253
37 years$20,326$13,323$8,478$5,267$3,213$1,096
38 years$19,572$12,662$7,939$4,855$2,913$959
39 years$18,859$12,040$7,438$4,477$2,642$839
40 years$18,183$11,455$6,972$4,129$2,396$734
41 years$17,542$10,904$6,537$3,810$2,174$642
42 years$16,933$10,385$6,132$3,516$1,973$562
43 years$16,354$9,895$5,754$3,245$1,790$492
44 years$15,802$9,432$5,401$2,997$1,625$431
45 years$15,277$8,994$5,072$2,768$1,475$377
46 years$14,776$8,580$4,764$2,556$1,339$330
47 years$14,298$8,188$4,475$2,362$1,216$289
48 years$13,841$7,816$4,205$2,182$1,105$253
49 years$13,404$7,464$3,953$2,017$1,003$221
50 years$12,985$7,130$3,716$1,864$911$194

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $13,300,000, adding $5,306 every year, while hoping to spend $40,618 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: 70/10/20 Blend
68$13,300,000$13,300,000$13,300,000$13,300,000
69$14,662,073$13,957,173$13,751,023$15,616,313
70$16,114,387$14,597,857$14,168,465$16,894,162
71$17,713,476$15,268,574$14,598,530$18,287,065
72$19,474,268$15,970,751$15,041,598$19,810,697
73$21,413,212$16,705,887$15,498,060$21,477,985
74$23,548,434$17,475,550$15,968,320$23,303,160
75$25,899,908$18,281,385$16,452,792$25,301,887
76$28,489,643$19,125,117$16,951,905$27,491,415
77$31,341,890$20,008,552$17,466,098$29,890,730
78$34,483,376$20,933,583$17,995,824$32,520,743
79$37,943,548$21,902,197$18,541,552$35,404,474
80$41,754,858$22,916,473$19,103,763$38,567,275
81$45,953,066$23,978,592$19,682,951$42,037,060
82$50,577,575$25,090,840$20,279,627$45,844,574
83$55,671,810$26,255,613$20,894,316$50,023,671
84$61,283,619$27,475,423$21,527,560$54,611,640
85$67,465,731$28,752,901$22,179,916$59,649,545
86$74,276,251$30,090,809$22,851,959$65,182,618
87$81,779,208$31,492,038$23,544,279$71,260,676
88$90,045,160$32,959,620$24,257,485$77,938,592
89$99,151,860$34,496,735$24,992,205$85,276,807
90$109,184,990$36,106,715$25,749,083$93,341,901
91$120,238,967$37,793,053$26,528,786$102,207,210
92$132,417,839$39,559,409$27,331,997$111,953,523
93$145,836,262$41,409,624$28,159,423$122,669,835
94$160,620,587$43,347,722$29,011,789$134,454,184
95$176,910,047$45,377,920$29,889,844$147,414,573
96$194,858,075$47,504,642$30,794,358$161,669,984
97$214,633,754$49,732,525$31,726,124$177,351,497
98$236,423,407$52,066,428$32,685,959$194,603,520
99$260,432,360$54,511,449$33,674,705$213,585,153
100$286,886,880$57,072,929$34,693,227$234,471,675