Can I retire at age 69 with 17,100,000?

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 $17,100,000?

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$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,331,696
2 years$699,060$686,041$673,423$661,189$649,323$617,383
3 years$461,411$448,335$435,749$423,630$411,957$380,958
4 years$342,609$329,574$317,114$305,202$293,811$263,991
5 years$271,347$258,390$246,093$234,424$223,351$194,794
6 years$223,855$210,995$198,880$187,471$176,730$149,465
7 years$189,945$177,193$165,270$154,130$143,729$117,760
8 years$164,524$151,887$140,162$129,296$119,237$94,553
9 years$144,762$132,245$120,722$110,132$100,415$76,998
10 years$128,962$116,568$105,248$94,934$85,558$63,382
11 years$116,044$103,773$92,659$82,621$73,583$52,617
12 years$105,286$93,141$82,232$72,470$63,765$43,975
13 years$96,190$84,173$73,469$63,980$55,605$36,953
14 years$88,400$76,511$66,012$56,794$48,743$31,191
15 years$81,655$69,894$59,600$50,651$42,917$26,423
16 years$75,759$64,126$54,036$45,352$37,930$22,453
17 years$70,563$59,058$49,171$40,749$33,631$19,127
18 years$65,948$54,572$44,887$36,723$29,904$16,329
19 years$61,824$50,577$41,092$33,182$26,654$13,965
20 years$58,117$46,998$37,712$30,053$23,808$11,962
21 years$54,768$43,777$34,688$27,275$21,305$10,259
22 years$51,727$40,864$31,970$24,799$19,097$8,808
23 years$48,955$38,220$29,519$22,585$17,143$7,570
24 years$46,417$35,809$27,300$20,599$15,408$6,511
25 years$44,086$33,605$25,285$18,812$13,865$5,603
26 years$41,938$31,584$23,451$17,201$12,489$4,826
27 years$39,953$29,724$21,776$15,744$11,260$4,158
28 years$38,112$28,009$20,244$14,425$10,160$3,584
29 years$36,402$26,423$18,838$13,228$9,174$3,090
30 years$34,808$24,954$17,547$12,140$8,290$2,666
31 years$33,320$23,589$16,359$11,150$7,495$2,300
32 years$31,928$22,320$15,263$10,247$6,779$1,985
33 years$30,624$21,138$14,251$9,423$6,135$1,713
34 years$29,398$20,034$13,315$8,670$5,555$1,479
35 years$28,245$19,002$12,449$7,981$5,031$1,277
36 years$27,159$18,035$11,646$7,350$4,559$1,103
37 years$26,133$17,130$10,900$6,772$4,132$953
38 years$25,164$16,279$10,208$6,242$3,746$823
39 years$24,247$15,480$9,563$5,756$3,397$711
40 years$23,378$14,728$8,964$5,309$3,081$614
41 years$22,554$14,020$8,405$4,898$2,795$531
42 years$21,771$13,352$7,884$4,520$2,536$458
43 years$21,026$12,722$7,398$4,173$2,302$396
44 years$20,317$12,126$6,945$3,853$2,089$342
45 years$19,642$11,564$6,521$3,558$1,897$296
46 years$18,998$11,031$6,125$3,287$1,722$256
47 years$18,383$10,527$5,754$3,037$1,564$221
48 years$17,795$10,049$5,407$2,806$1,420$191
49 years$17,233$9,597$5,082$2,593$1,290$165
50 years$16,696$9,167$4,778$2,397$1,172$143

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,100,000, adding $4,813 every year, while hoping to spend $53,468 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: 46/34/20 Blend
68$17,100,000$17,100,000$17,100,000$17,100,000
69$18,849,165$17,942,865$17,677,815$19,608,176
70$20,714,890$18,765,175$18,213,132$20,962,232
71$22,769,127$19,625,987$18,764,590$22,424,696
72$25,031,048$20,527,131$19,332,674$24,010,263
73$27,521,778$21,470,524$19,917,882$25,730,431
74$30,264,596$22,458,176$20,520,727$27,597,823
75$33,285,153$23,492,194$21,141,740$29,626,302
76$36,611,713$24,574,787$21,781,463$31,831,098
77$40,275,425$25,708,268$22,440,459$34,228,940
78$44,310,608$26,895,063$23,119,304$36,838,211
79$48,755,084$28,137,715$23,818,594$39,679,114
80$53,650,527$29,438,887$24,538,942$42,773,850
81$59,042,862$30,801,374$25,280,977$46,146,827
82$64,982,694$32,228,101$26,045,350$49,824,876
83$71,525,789$33,722,138$26,832,730$53,837,500
84$78,733,597$35,286,702$27,643,804$58,217,137
85$86,673,836$36,925,162$28,479,284$62,999,464
86$95,421,126$38,641,053$29,339,898$68,223,719
87$105,057,696$40,438,080$30,226,400$73,933,064
88$115,674,160$42,320,125$31,139,563$80,174,976
89$127,370,371$44,291,258$32,080,186$87,001,690
90$140,256,366$46,355,746$33,049,089$94,470,679
91$154,453,400$48,518,062$34,047,118$102,645,177
92$170,095,094$50,782,895$35,075,143$111,594,775
93$187,328,695$53,155,159$36,134,063$121,396,051
94$206,316,467$55,640,006$37,224,799$132,133,291
95$227,237,220$58,242,839$38,348,302$143,899,258
96$250,287,997$60,969,320$39,505,552$156,796,062
97$275,685,941$63,825,385$40,697,556$170,936,101
98$303,670,335$66,817,256$41,925,351$186,443,107
99$334,504,866$69,951,459$43,190,008$203,453,297
100$368,480,114$73,234,833$44,492,625$222,116,638