Can I retire at age 69 with 17,200,000?

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 $17,200,000?

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$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,337,310
2 years$703,148$690,053$677,361$665,056$653,120$618,838
3 years$464,109$450,957$438,298$426,108$414,366$381,117
4 years$344,613$331,501$318,968$306,987$295,529$263,569
5 years$272,934$259,901$247,533$235,795$224,657$194,073
6 years$225,164$212,229$200,043$188,567$177,763$148,587
7 years$191,055$178,229$166,237$155,032$144,569$116,804
8 years$165,486$152,776$140,982$130,052$119,934$93,567
9 years$145,609$133,019$121,428$110,776$101,002$76,011
10 years$129,717$117,249$105,863$95,490$86,059$62,415
11 years$116,722$104,380$93,200$83,105$74,013$51,682
12 years$105,901$93,686$82,713$72,894$64,138$43,081
13 years$96,753$84,665$73,899$64,354$55,930$36,105
14 years$88,917$76,958$66,398$57,127$49,028$30,391
15 years$82,133$70,302$59,949$50,947$43,168$25,674
16 years$76,202$64,501$54,352$45,617$38,152$21,754
17 years$70,975$59,403$49,458$40,987$33,828$18,479
18 years$66,334$54,891$45,149$36,937$30,078$15,729
19 years$62,186$50,873$41,332$33,376$26,810$13,412
20 years$58,457$47,273$37,932$30,229$23,947$11,453
21 years$55,088$44,033$34,890$27,434$21,430$9,793
22 years$52,030$41,103$32,157$24,944$19,209$8,382
23 years$49,241$38,443$29,691$22,717$17,243$7,181
24 years$46,689$36,019$27,459$20,719$15,498$6,156
25 years$44,344$33,802$25,433$18,922$13,946$5,282
26 years$42,184$31,768$23,588$17,301$12,562$4,534
27 years$40,186$29,898$21,903$15,836$11,326$3,894
28 years$38,335$28,172$20,362$14,509$10,219$3,345
29 years$36,615$26,577$18,949$13,305$9,228$2,875
30 years$35,012$25,100$17,650$12,211$8,338$2,472
31 years$33,515$23,727$16,454$11,215$7,538$2,126
32 years$32,115$22,451$15,352$10,307$6,819$1,829
33 years$30,803$21,261$14,334$9,478$6,171$1,573
34 years$29,570$20,151$13,393$8,721$5,587$1,354
35 years$28,410$19,113$12,522$8,028$5,061$1,165
36 years$27,318$18,141$11,714$7,393$4,585$1,003
37 years$26,286$17,230$10,964$6,812$4,156$863
38 years$25,312$16,374$10,267$6,279$3,768$743
39 years$24,389$15,570$9,619$5,789$3,417$640
40 years$23,515$14,814$9,016$5,340$3,099$551
41 years$22,686$14,102$8,454$4,927$2,811$474
42 years$21,898$13,430$7,930$4,547$2,551$408
43 years$21,149$12,796$7,442$4,197$2,315$352
44 years$20,436$12,197$6,985$3,875$2,102$303
45 years$19,757$11,631$6,559$3,579$1,908$261
46 years$19,109$11,096$6,160$3,306$1,732$225
47 years$18,490$10,589$5,788$3,054$1,573$193
48 years$17,899$10,108$5,439$2,822$1,428$167
49 years$17,334$9,653$5,112$2,608$1,297$143
50 years$16,793$9,221$4,806$2,411$1,178$124

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,200,000, adding $2,444 every year, while hoping to spend $59,138 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: 30/42/28 Blend
68$17,200,000$17,200,000$17,200,000$17,200,000
69$18,956,921$18,045,321$17,778,721$19,362,219
70$20,827,605$18,866,619$18,311,386$20,500,621
71$22,887,116$19,726,179$18,859,913$21,719,053
72$25,154,653$20,625,813$19,424,771$23,028,644
73$27,651,369$21,567,420$20,006,443$24,437,363
74$30,400,576$22,552,991$20,605,426$25,953,939
75$33,427,958$23,584,610$21,222,230$27,587,929
76$36,761,818$24,664,465$21,857,384$29,349,806
77$40,433,344$25,794,844$22,511,427$31,251,048
78$44,476,904$26,978,150$23,184,918$33,304,233
79$48,930,366$28,216,898$23,878,431$35,523,158
80$53,835,462$29,513,724$24,592,557$37,922,950
81$59,238,174$30,871,392$25,327,903$40,520,206
82$65,189,175$32,292,797$26,085,095$43,333,135
83$71,744,303$33,780,976$26,864,777$46,381,721
84$78,965,087$35,339,109$27,667,612$49,687,898
85$86,919,331$36,970,531$28,494,283$53,275,751
86$95,681,753$38,678,736$29,345,491$57,171,722
87$105,334,685$40,467,388$30,221,959$61,404,855
88$115,968,859$42,340,326$31,124,430$66,007,053
89$127,684,255$44,301,574$32,053,670$71,013,362
90$140,591,048$46,355,350$33,010,467$76,462,295
91$154,810,648$48,506,076$33,995,631$82,396,172
92$170,476,846$50,758,385$35,009,997$88,861,506
93$187,737,074$53,117,136$36,054,422$95,909,430
94$206,753,802$55,587,421$37,129,791$103,596,153
95$227,706,062$58,174,578$38,237,012$111,983,481
96$250,791,150$60,884,202$39,377,021$121,139,373
97$276,226,478$63,722,158$40,550,782$131,138,571
98$304,251,630$66,694,595$41,759,284$142,063,276
99$335,130,623$69,807,958$43,003,548$154,003,908
100$369,154,402$73,069,003$44,284,622$167,059,933