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

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 $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%13.7%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,342,647
2 years$699,060$686,041$673,423$661,189$649,323$628,286
3 years$461,411$448,335$435,749$423,630$411,957$391,469
4 years$342,609$329,574$317,114$305,202$293,811$274,029
5 years$271,347$258,390$246,093$234,424$223,351$204,332
6 years$223,855$210,995$198,880$187,471$176,730$158,497
7 years$189,945$177,193$165,270$154,130$143,729$126,288
8 years$164,524$151,887$140,162$129,296$119,237$102,585
9 years$144,762$132,245$120,722$110,132$100,415$84,543
10 years$128,962$116,568$105,248$94,934$85,558$70,454
11 years$116,044$103,773$92,659$82,621$73,583$59,231
12 years$105,286$93,141$82,232$72,470$63,765$50,149
13 years$96,190$84,173$73,469$63,980$55,605$42,703
14 years$88,400$76,511$66,012$56,794$48,743$36,536
15 years$81,655$69,894$59,600$50,651$42,917$31,383
16 years$75,759$64,126$54,036$45,352$37,930$27,045
17 years$70,563$59,058$49,171$40,749$33,631$23,372
18 years$65,948$54,572$44,887$36,723$29,904$20,246
19 years$61,824$50,577$41,092$33,182$26,654$17,574
20 years$58,117$46,998$37,712$30,053$23,808$15,280
21 years$54,768$43,777$34,688$27,275$21,305$13,306
22 years$51,727$40,864$31,970$24,799$19,097$11,602
23 years$48,955$38,220$29,519$22,585$17,143$10,127
24 years$46,417$35,809$27,300$20,599$15,408$8,848
25 years$44,086$33,605$25,285$18,812$13,865$7,737
26 years$41,938$31,584$23,451$17,201$12,489$6,770
27 years$39,953$29,724$21,776$15,744$11,260$5,928
28 years$38,112$28,009$20,244$14,425$10,160$5,194
29 years$36,402$26,423$18,838$13,228$9,174$4,552
30 years$34,808$24,954$17,547$12,140$8,290$3,992
31 years$33,320$23,589$16,359$11,150$7,495$3,502
32 years$31,928$22,320$15,263$10,247$6,779$3,073
33 years$30,624$21,138$14,251$9,423$6,135$2,697
34 years$29,398$20,034$13,315$8,670$5,555$2,368
35 years$28,245$19,002$12,449$7,981$5,031$2,079
36 years$27,159$18,035$11,646$7,350$4,559$1,826
37 years$26,133$17,130$10,900$6,772$4,132$1,604
38 years$25,164$16,279$10,208$6,242$3,746$1,410
39 years$24,247$15,480$9,563$5,756$3,397$1,239
40 years$23,378$14,728$8,964$5,309$3,081$1,088
41 years$22,554$14,020$8,405$4,898$2,795$957
42 years$21,771$13,352$7,884$4,520$2,536$841
43 years$21,026$12,722$7,398$4,173$2,302$739
44 years$20,317$12,126$6,945$3,853$2,089$650
45 years$19,642$11,564$6,521$3,558$1,897$571
46 years$18,998$11,031$6,125$3,287$1,722$502
47 years$18,383$10,527$5,754$3,037$1,564$442
48 years$17,795$10,049$5,407$2,806$1,420$388
49 years$17,233$9,597$5,082$2,593$1,290$341
50 years$16,696$9,167$4,778$2,397$1,172$300

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 $3,358 every year, while hoping to spend $36,758 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: 41/44/15 Blend
68$17,100,000$17,100,000$17,100,000$17,100,000
69$18,847,664$17,941,364$17,676,314$19,536,801
70$20,731,015$18,781,380$18,229,360$20,864,103
71$22,805,237$19,661,326$18,799,701$22,295,927
72$25,089,758$20,583,118$19,387,878$23,844,851
73$27,605,989$21,548,767$19,994,449$25,521,562
74$30,377,524$22,560,380$20,619,987$27,337,784
75$33,430,361$23,620,169$21,265,086$29,306,375
76$36,793,149$24,730,448$21,930,357$31,441,442
77$40,497,457$25,893,646$22,616,431$33,758,469
78$44,578,074$27,112,311$23,323,957$36,274,449
79$49,073,334$28,389,112$24,053,607$39,008,040
80$54,025,483$29,726,847$24,806,072$41,979,727
81$59,481,071$31,128,451$25,582,064$45,212,008
82$65,491,396$32,597,001$26,382,319$48,729,595
83$72,112,987$34,135,722$27,207,595$52,559,635
84$79,408,136$35,747,998$28,058,674$56,731,956
85$87,445,489$37,437,372$28,936,362$61,279,334
86$96,300,690$39,207,565$29,841,492$66,237,793
87$106,057,098$41,062,473$30,774,919$71,646,928
88$116,806,573$43,006,184$31,737,529$77,550,266
89$128,650,340$45,042,985$32,730,234$83,995,664
90$141,699,951$47,177,367$33,753,973$91,035,742
91$156,078,332$49,414,044$34,809,717$98,728,366
92$171,920,945$51,757,955$35,898,465$107,137,175
93$189,377,066$54,214,280$37,021,249$116,332,168
94$208,611,198$56,788,451$38,179,132$126,390,341
95$229,804,618$59,486,163$39,373,211$137,396,397
96$253,157,092$62,313,388$40,604,616$149,443,527
97$278,888,759$65,276,387$41,874,514$162,634,266
98$307,242,210$68,381,727$43,184,108$177,081,437
99$338,484,777$71,636,293$44,534,636$192,909,198
100$372,911,057$75,047,305$45,927,380$210,254,183