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%11.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,370,258
2 years$707,237$694,065$681,300$668,923$656,917$647,570
3 years$466,808$453,579$440,846$428,585$416,775$407,638
4 years$346,617$333,429$320,823$308,772$297,248$288,391
5 years$274,521$261,412$248,972$237,166$225,963$217,413
6 years$226,473$213,463$201,206$189,664$178,797$170,565
7 years$192,166$179,266$167,203$155,933$145,410$137,500
8 years$166,448$153,664$141,802$130,808$120,631$113,043
9 years$146,455$133,792$122,134$111,420$101,589$94,321
10 years$130,471$117,931$106,479$96,045$86,559$79,607
11 years$117,401$104,987$93,742$83,588$74,444$67,803
12 years$106,517$94,231$83,194$73,318$64,511$58,176
13 years$97,315$85,157$74,328$64,729$56,255$50,218
14 years$89,434$77,405$66,784$57,459$49,313$43,568
15 years$82,611$70,711$60,297$51,243$43,419$37,958
16 years$76,646$64,876$54,668$45,883$38,374$33,188
17 years$71,388$59,749$49,746$41,225$34,025$29,107
18 years$66,719$55,210$45,412$37,152$30,253$25,594
19 years$62,547$51,168$41,572$33,570$26,965$22,557
20 years$58,797$47,548$38,153$30,404$24,086$19,918
21 years$55,409$44,289$35,093$27,594$21,554$17,618
22 years$52,332$41,342$32,344$25,089$19,320$15,607
23 years$49,527$38,667$29,864$22,849$17,343$13,844
24 years$46,960$36,228$27,619$20,840$15,588$12,293
25 years$44,602$33,998$25,581$19,032$14,027$10,928
26 years$42,429$31,953$23,725$17,402$12,635$9,722
27 years$40,420$30,071$22,031$15,928$11,392$8,657
28 years$38,558$28,336$20,480$14,594$10,279$7,713
29 years$36,827$26,732$19,059$13,383$9,282$6,877
30 years$35,215$25,246$17,752$12,282$8,386$6,135
31 years$33,710$23,865$16,550$11,280$7,582$5,475
32 years$32,302$22,581$15,442$10,367$6,859$4,888
33 years$30,982$21,385$14,418$9,533$6,207$4,366
34 years$29,742$20,268$13,471$8,771$5,620$3,901
35 years$28,576$19,224$12,595$8,074$5,090$3,487
36 years$27,476$18,246$11,782$7,436$4,612$3,117
37 years$26,439$17,330$11,028$6,852$4,180$2,788
38 years$25,459$16,470$10,327$6,315$3,789$2,493
39 years$24,531$15,661$9,675$5,823$3,436$2,231
40 years$23,652$14,900$9,069$5,371$3,117$1,996
41 years$22,818$14,184$8,503$4,955$2,828$1,786
42 years$22,025$13,508$7,977$4,573$2,566$1,598
43 years$21,272$12,870$7,485$4,222$2,329$1,431
44 years$20,555$12,268$7,026$3,898$2,114$1,281
45 years$19,872$11,699$6,597$3,600$1,919$1,147
46 years$19,220$11,160$6,196$3,325$1,742$1,027
47 years$18,598$10,650$5,821$3,072$1,582$919
48 years$18,003$10,167$5,470$2,839$1,437$823
49 years$17,435$9,709$5,142$2,624$1,305$737
50 years$16,891$9,274$4,834$2,425$1,185$660

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 $4,003 every year, while hoping to spend $33,175 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: 60/25/15 Blend
68$17,300,000$17,300,000$17,300,000$17,300,000
69$19,068,729$18,151,829$17,883,679$20,140,654
70$20,978,442$19,005,971$18,447,484$21,717,853
71$23,081,833$19,900,854$19,029,065$23,433,545
72$25,398,623$20,838,439$19,628,982$25,304,380
73$27,950,543$21,820,782$20,247,813$27,345,356
74$30,761,538$22,850,041$20,886,155$29,572,964
75$33,857,996$23,928,474$21,544,622$32,005,339
76$37,268,994$25,058,452$22,223,850$34,662,427
77$41,026,575$26,242,459$22,924,493$37,566,168
78$45,166,048$27,483,102$23,647,225$40,740,696
79$49,726,322$28,783,111$24,392,744$44,212,562
80$54,750,274$30,145,350$25,161,768$48,010,980
81$60,285,153$31,572,824$25,955,038$52,168,092
82$66,383,025$33,068,679$26,773,319$56,719,270
83$73,101,268$34,636,218$27,617,399$61,703,439
84$80,503,107$36,278,902$28,488,092$67,163,439
85$88,658,217$38,000,362$29,386,236$73,146,420
86$97,643,378$39,804,403$30,312,698$79,704,282
87$107,543,199$41,695,015$31,268,370$86,894,153
88$118,450,918$43,676,383$32,254,173$94,778,923
89$130,469,281$45,752,896$33,271,057$103,427,825
90$143,711,513$47,929,153$34,320,003$112,917,082
91$158,302,385$50,209,979$35,402,021$123,330,615
92$174,379,394$52,600,433$36,518,154$134,760,826
93$192,094,057$55,105,820$37,669,477$147,309,455
94$211,613,347$57,731,701$38,857,101$161,088,537
95$233,121,264$60,483,910$40,082,169$176,221,438
96$256,820,575$63,368,563$41,345,863$192,844,016
97$282,934,724$66,392,073$42,649,401$211,105,884
98$311,709,948$69,561,167$43,994,038$231,171,811
99$343,417,596$72,882,897$45,381,070$253,223,263
100$378,356,690$76,364,658$46,811,836$277,460,103