Can I retire at age 69 with 17,300,000?

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 $17,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,357,231
2 years$707,237$694,065$681,300$668,923$656,917$634,517
3 years$466,808$453,579$440,846$428,585$416,775$394,966
4 years$346,617$333,429$320,823$308,772$297,248$276,199
5 years$274,521$261,412$248,972$237,166$225,963$205,734
6 years$226,473$213,463$201,206$189,664$178,797$159,412
7 years$192,166$179,266$167,203$155,933$145,410$126,874
8 years$166,448$153,664$141,802$130,808$120,631$102,942
9 years$146,455$133,792$122,134$111,420$101,589$84,737
10 years$130,471$117,931$106,479$96,045$86,559$70,530
11 years$117,401$104,987$93,742$83,588$74,444$59,221
12 years$106,517$94,231$83,194$73,318$64,511$50,075
13 years$97,315$85,157$74,328$64,729$56,255$42,585
14 years$89,434$77,405$66,784$57,459$49,313$36,386
15 years$82,611$70,711$60,297$51,243$43,419$31,211
16 years$76,646$64,876$54,668$45,883$38,374$26,859
17 years$71,388$59,749$49,746$41,225$34,025$23,179
18 years$66,719$55,210$45,412$37,152$30,253$20,050
19 years$62,547$51,168$41,572$33,570$26,965$17,377
20 years$58,797$47,548$38,153$30,404$24,086$15,087
21 years$55,409$44,289$35,093$27,594$21,554$13,118
22 years$52,332$41,342$32,344$25,089$19,320$11,420
23 years$49,527$38,667$29,864$22,849$17,343$9,953
24 years$46,960$36,228$27,619$20,840$15,588$8,682
25 years$44,602$33,998$25,581$19,032$14,027$7,580
26 years$42,429$31,953$23,725$17,402$12,635$6,623
27 years$40,420$30,071$22,031$15,928$11,392$5,790
28 years$38,558$28,336$20,480$14,594$10,279$5,064
29 years$36,827$26,732$19,059$13,383$9,282$4,432
30 years$35,215$25,246$17,752$12,282$8,386$3,880
31 years$33,710$23,865$16,550$11,280$7,582$3,398
32 years$32,302$22,581$15,442$10,367$6,859$2,977
33 years$30,982$21,385$14,418$9,533$6,207$2,608
34 years$29,742$20,268$13,471$8,771$5,620$2,286
35 years$28,576$19,224$12,595$8,074$5,090$2,004
36 years$27,476$18,246$11,782$7,436$4,612$1,757
37 years$26,439$17,330$11,028$6,852$4,180$1,541
38 years$25,459$16,470$10,327$6,315$3,789$1,352
39 years$24,531$15,661$9,675$5,823$3,436$1,186
40 years$23,652$14,900$9,069$5,371$3,117$1,040
41 years$22,818$14,184$8,503$4,955$2,828$913
42 years$22,025$13,508$7,977$4,573$2,566$801
43 years$21,272$12,870$7,485$4,222$2,329$703
44 years$20,555$12,268$7,026$3,898$2,114$617
45 years$19,872$11,699$6,597$3,600$1,919$541
46 years$19,220$11,160$6,196$3,325$1,742$475
47 years$18,598$10,650$5,821$3,072$1,582$417
48 years$18,003$10,167$5,470$2,839$1,437$366
49 years$17,435$9,709$5,142$2,624$1,305$321
50 years$16,891$9,274$4,834$2,425$1,185$282

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,300,000, adding $5,529 every year, while hoping to spend $40,027 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: 71/24/5 Blend
68$17,300,000$17,300,000$17,300,000$17,300,000
69$19,070,303$18,153,403$17,885,253$20,415,018
70$20,972,886$19,000,332$18,441,821$22,149,766
71$23,068,190$19,887,418$19,015,692$24,042,277
72$25,375,832$20,816,588$19,607,404$26,112,445
73$27,917,425$21,789,859$20,217,511$28,377,720
74$30,716,789$22,809,349$20,846,584$30,857,299
75$33,800,170$23,877,275$21,495,212$33,572,306
76$37,196,488$24,995,962$22,164,003$36,545,989
77$40,937,615$26,167,850$22,853,582$39,803,929
78$45,058,671$27,395,493$23,564,596$43,374,281
79$49,598,354$28,681,571$24,297,709$47,288,034
80$54,599,312$30,028,894$25,053,608$51,579,299
81$60,108,538$31,440,406$25,833,000$56,285,622
82$66,177,818$32,919,196$26,636,615$61,448,338
83$72,864,219$34,468,499$27,465,205$67,112,948
84$80,230,625$36,091,711$28,319,544$73,329,551
85$88,346,333$37,792,389$29,200,434$80,153,304
86$97,287,707$39,574,264$30,108,696$87,644,937
87$107,138,898$41,441,248$31,045,182$95,871,319
88$117,992,637$43,397,441$32,010,768$104,906,085
89$129,951,113$45,447,143$33,006,356$114,830,317
90$143,126,936$47,594,862$34,032,877$125,733,307
91$157,644,197$49,845,324$35,091,293$137,713,387
92$173,639,647$52,203,487$36,182,593$150,878,852
93$191,263,978$54,674,545$37,307,797$165,348,967
94$210,683,253$57,263,947$38,467,958$181,255,091
95$232,080,470$59,977,406$39,664,160$198,741,898
96$255,657,291$62,820,911$40,897,521$217,968,739
97$281,635,942$65,800,743$42,169,196$239,111,130
98$310,261,317$68,923,488$43,480,373$262,362,399
99$341,803,283$72,196,051$44,832,277$287,935,498
100$376,559,231$75,625,671$46,226,172$316,065,001