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%12.1%
1 years$1,420,360$1,407,708$1,395,364$1,383,316$1,371,552$1,359,493
2 years$703,148$690,053$677,361$665,056$653,120$640,968
3 years$464,109$450,957$438,298$426,108$414,366$402,498
4 years$344,613$331,501$318,968$306,987$295,529$284,036
5 years$272,934$259,901$247,533$235,795$224,657$213,573
6 years$225,164$212,229$200,043$188,567$177,763$167,102
7 years$191,055$178,229$166,237$155,032$144,569$134,336
8 years$165,486$152,776$140,982$130,052$119,934$110,128
9 years$145,609$133,019$121,428$110,776$101,002$91,620
10 years$129,717$117,249$105,863$95,490$86,059$77,096
11 years$116,722$104,380$93,200$83,105$74,013$65,463
12 years$105,901$93,686$82,713$72,894$64,138$55,991
13 years$96,753$84,665$73,899$64,354$55,930$48,178
14 years$88,917$76,958$66,398$57,127$49,028$41,660
15 years$82,133$70,302$59,949$50,947$43,168$36,175
16 years$76,202$64,501$54,352$45,617$38,152$31,522
17 years$70,975$59,403$49,458$40,987$33,828$27,550
18 years$66,334$54,891$45,149$36,937$30,078$24,140
19 years$62,186$50,873$41,332$33,376$26,810$21,198
20 years$58,457$47,273$37,932$30,229$23,947$18,651
21 years$55,088$44,033$34,890$27,434$21,430$16,436
22 years$52,030$41,103$32,157$24,944$19,209$14,506
23 years$49,241$38,443$29,691$22,717$17,243$12,818
24 years$46,689$36,019$27,459$20,719$15,498$11,339
25 years$44,344$33,802$25,433$18,922$13,946$10,040
26 years$42,184$31,768$23,588$17,301$12,562$8,898
27 years$40,186$29,898$21,903$15,836$11,326$7,892
28 years$38,335$28,172$20,362$14,509$10,219$7,003
29 years$36,615$26,577$18,949$13,305$9,228$6,219
30 years$35,012$25,100$17,650$12,211$8,338$5,525
31 years$33,515$23,727$16,454$11,215$7,538$4,911
32 years$32,115$22,451$15,352$10,307$6,819$4,367
33 years$30,803$21,261$14,334$9,478$6,171$3,884
34 years$29,570$20,151$13,393$8,721$5,587$3,456
35 years$28,410$19,113$12,522$8,028$5,061$3,076
36 years$27,318$18,141$11,714$7,393$4,585$2,739
37 years$26,286$17,230$10,964$6,812$4,156$2,439
38 years$25,312$16,374$10,267$6,279$3,768$2,172
39 years$24,389$15,570$9,619$5,789$3,417$1,935
40 years$23,515$14,814$9,016$5,340$3,099$1,724
41 years$22,686$14,102$8,454$4,927$2,811$1,536
42 years$21,898$13,430$7,930$4,547$2,551$1,369
43 years$21,149$12,796$7,442$4,197$2,315$1,220
44 years$20,436$12,197$6,985$3,875$2,102$1,087
45 years$19,757$11,631$6,559$3,579$1,908$969
46 years$19,109$11,096$6,160$3,306$1,732$864
47 years$18,490$10,589$5,788$3,054$1,573$770
48 years$17,899$10,108$5,439$2,822$1,428$687
49 years$17,334$9,653$5,112$2,608$1,297$612
50 years$16,793$9,221$4,806$2,411$1,178$546

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 $2,780 every year, while hoping to spend $45,877 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: 88/6/6 Blend
68$17,200,000$17,200,000$17,200,000$17,200,000
69$18,957,268$18,045,668$17,779,068$20,622,003
70$20,842,096$18,881,093$18,325,854$22,541,216
71$22,917,640$19,755,916$18,889,419$24,644,149
72$25,203,302$20,672,019$19,470,278$26,954,522
73$27,720,467$21,631,376$20,068,960$29,493,229
74$30,492,694$22,636,053$20,686,011$32,283,282
75$33,545,949$23,688,219$21,321,991$35,350,031
76$36,908,839$24,790,146$21,977,482$38,721,400
77$40,612,893$25,944,215$22,653,079$42,428,149
78$44,692,849$27,152,922$23,349,399$46,504,163
79$49,186,990$28,418,886$24,067,074$50,986,771
80$54,137,502$29,744,850$24,806,759$55,917,096
81$59,590,868$31,133,689$25,569,127$61,340,439
82$65,598,315$32,588,418$26,354,872$67,306,710
83$72,216,291$34,112,199$27,164,708$73,870,895
84$79,506,999$35,708,343$27,999,372$81,093,569
85$87,538,986$37,380,325$28,859,624$89,041,472
86$96,387,788$39,131,785$29,746,246$97,788,134
87$106,136,641$40,966,542$30,660,044$107,414,565
88$116,877,272$42,888,596$31,601,850$118,010,022
89$128,710,761$44,902,144$32,572,519$129,672,844
90$141,748,494$47,011,585$33,572,933$142,511,382
91$156,113,216$49,221,528$34,604,002$156,645,017
92$171,940,191$51,536,810$35,666,663$172,205,282
93$189,378,475$53,962,498$36,761,881$189,337,108
94$208,592,326$56,503,908$37,890,651$208,200,181
95$229,762,754$59,166,609$39,053,998$228,970,451
96$253,089,226$61,956,445$40,252,978$251,841,788
97$278,791,555$64,879,538$41,488,681$277,027,810
98$307,111,969$67,942,311$42,762,227$304,763,895
99$338,317,401$71,151,495$44,074,772$335,309,398
100$372,702,007$74,514,150$45,427,509$368,950,101