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%19%
1 years$1,412,102$1,399,524$1,387,252$1,375,274$1,363,578$1,314,152
2 years$699,060$686,041$673,423$661,189$649,323$600,069
3 years$461,411$448,335$435,749$423,630$411,957$364,425
4 years$342,609$329,574$317,114$305,202$293,811$248,363
5 years$271,347$258,390$246,093$234,424$223,351$180,105
6 years$223,855$210,995$198,880$187,471$176,730$135,718
7 years$189,945$177,193$165,270$154,130$143,729$104,941
8 years$164,524$151,887$140,162$129,296$119,237$82,641
9 years$144,762$132,245$120,722$110,132$100,415$65,960
10 years$128,962$116,568$105,248$94,934$85,558$53,185
11 years$116,044$103,773$92,659$82,621$73,583$43,224
12 years$105,286$93,141$82,232$72,470$63,765$35,345
13 years$96,190$84,173$73,469$63,980$55,605$29,046
14 years$88,400$76,511$66,012$56,794$48,743$23,963
15 years$81,655$69,894$59,600$50,651$42,917$19,833
16 years$75,759$64,126$54,036$45,352$37,930$16,458
17 years$70,563$59,058$49,171$40,749$33,631$13,686
18 years$65,948$54,572$44,887$36,723$29,904$11,401
19 years$61,824$50,577$41,092$33,182$26,654$9,511
20 years$58,117$46,998$37,712$30,053$23,808$7,944
21 years$54,768$43,777$34,688$27,275$21,305$6,642
22 years$51,727$40,864$31,970$24,799$19,097$5,558
23 years$48,955$38,220$29,519$22,585$17,143$4,654
24 years$46,417$35,809$27,300$20,599$15,408$3,899
25 years$44,086$33,605$25,285$18,812$13,865$3,269
26 years$41,938$31,584$23,451$17,201$12,489$2,741
27 years$39,953$29,724$21,776$15,744$11,260$2,299
28 years$38,112$28,009$20,244$14,425$10,160$1,929
29 years$36,402$26,423$18,838$13,228$9,174$1,619
30 years$34,808$24,954$17,547$12,140$8,290$1,359
31 years$33,320$23,589$16,359$11,150$7,495$1,141
32 years$31,928$22,320$15,263$10,247$6,779$958
33 years$30,624$21,138$14,251$9,423$6,135$805
34 years$29,398$20,034$13,315$8,670$5,555$676
35 years$28,245$19,002$12,449$7,981$5,031$568
36 years$27,159$18,035$11,646$7,350$4,559$477
37 years$26,133$17,130$10,900$6,772$4,132$401
38 years$25,164$16,279$10,208$6,242$3,746$337
39 years$24,247$15,480$9,563$5,756$3,397$283
40 years$23,378$14,728$8,964$5,309$3,081$238
41 years$22,554$14,020$8,405$4,898$2,795$200
42 years$21,771$13,352$7,884$4,520$2,536$168
43 years$21,026$12,722$7,398$4,173$2,302$141
44 years$20,317$12,126$6,945$3,853$2,089$118
45 years$19,642$11,564$6,521$3,558$1,897$100
46 years$18,998$11,031$6,125$3,287$1,722$84
47 years$18,383$10,527$5,754$3,037$1,564$70
48 years$17,795$10,049$5,407$2,806$1,420$59
49 years$17,233$9,597$5,082$2,593$1,290$50
50 years$16,696$9,167$4,778$2,397$1,172$42

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 $5,050 every year, while hoping to spend $44,461 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: 43/39/18 Blend
68$17,100,000$17,100,000$17,100,000$17,100,000
69$18,849,409$17,943,109$17,678,059$19,560,976
70$20,724,743$18,775,015$18,222,968$20,894,956
71$22,789,870$19,646,195$18,784,641$22,334,536
72$25,064,103$20,558,525$19,363,593$23,893,256
73$27,568,723$21,513,974$19,960,355$25,582,104
74$30,327,179$22,514,604$20,575,472$27,413,137
75$33,365,309$23,562,578$21,209,509$29,399,589
76$36,711,590$24,660,163$21,863,046$31,555,987
77$40,397,395$25,809,735$22,536,682$33,898,285
78$44,457,302$27,013,784$23,231,033$36,443,999
79$48,929,409$28,274,922$23,946,735$39,212,370
80$53,855,702$29,595,886$24,684,443$42,224,534
81$59,282,444$30,979,545$25,444,833$45,503,714
82$65,260,617$32,428,907$26,228,599$49,075,429
83$71,846,403$33,947,126$27,036,460$52,967,723
84$79,101,709$35,537,508$27,869,154$57,211,423
85$87,094,755$37,203,518$28,727,442$61,840,415
86$95,900,719$38,948,789$29,612,111$66,891,956
87$105,602,444$40,777,131$30,523,968$72,407,010
88$116,291,220$42,692,538$31,463,848$78,430,626
89$128,067,648$44,699,195$32,432,610$85,012,346
90$141,042,584$46,801,492$33,431,139$92,206,662
91$155,338,193$49,004,031$34,460,348$100,073,514
92$171,089,097$51,311,636$35,521,177$108,678,845
93$188,443,644$53,729,365$36,614,596$118,095,200
94$207,565,314$56,262,523$37,741,603$128,402,402
95$228,634,257$58,916,668$38,903,228$139,688,282
96$251,848,998$61,697,631$40,100,532$152,049,496
97$277,428,304$64,611,523$41,334,608$165,592,414
98$305,613,256$67,664,753$42,606,583$180,434,106
99$336,669,523$70,864,040$43,917,619$196,703,426
100$370,889,866$74,216,430$45,268,910$214,542,207