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

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$1,428,618$1,415,892$1,403,477$1,391,359$1,379,526$1,336,973
2 years$707,237$694,065$681,300$668,923$656,917$614,418
3 years$466,808$453,579$440,846$428,585$416,775$375,662
4 years$346,617$333,429$320,823$308,772$297,248$257,836
5 years$274,521$261,412$248,972$237,166$225,963$188,360
6 years$226,473$213,463$201,206$189,664$178,797$143,034
7 years$192,166$179,266$167,203$155,933$145,410$111,486
8 years$166,448$153,664$141,802$130,808$120,631$88,524
9 years$146,455$133,792$122,134$111,420$101,589$71,263
10 years$130,471$117,931$106,479$96,045$86,559$57,970
11 years$117,401$104,987$93,742$83,588$74,444$47,542
12 years$106,517$94,231$83,194$73,318$64,511$39,240
13 years$97,315$85,157$74,328$64,729$56,255$32,555
14 years$89,434$77,405$66,784$57,459$49,313$27,121
15 years$82,611$70,711$60,297$51,243$43,419$22,671
16 years$76,646$64,876$54,668$45,883$38,374$19,004
17 years$71,388$59,749$49,746$41,225$34,025$15,967
18 years$66,719$55,210$45,412$37,152$30,253$13,441
19 years$62,547$51,168$41,572$33,570$26,965$11,332
20 years$58,797$47,548$38,153$30,404$24,086$9,567
21 years$55,409$44,289$35,093$27,594$21,554$8,086
22 years$52,332$41,342$32,344$25,089$19,320$6,841
23 years$49,527$38,667$29,864$22,849$17,343$5,792
24 years$46,960$36,228$27,619$20,840$15,588$4,907
25 years$44,602$33,998$25,581$19,032$14,027$4,160
26 years$42,429$31,953$23,725$17,402$12,635$3,528
27 years$40,420$30,071$22,031$15,928$11,392$2,993
28 years$38,558$28,336$20,480$14,594$10,279$2,540
29 years$36,827$26,732$19,059$13,383$9,282$2,157
30 years$35,215$25,246$17,752$12,282$8,386$1,831
31 years$33,710$23,865$16,550$11,280$7,582$1,555
32 years$32,302$22,581$15,442$10,367$6,859$1,321
33 years$30,982$21,385$14,418$9,533$6,207$1,123
34 years$29,742$20,268$13,471$8,771$5,620$954
35 years$28,576$19,224$12,595$8,074$5,090$811
36 years$27,476$18,246$11,782$7,436$4,612$689
37 years$26,439$17,330$11,028$6,852$4,180$586
38 years$25,459$16,470$10,327$6,315$3,789$498
39 years$24,531$15,661$9,675$5,823$3,436$423
40 years$23,652$14,900$9,069$5,371$3,117$360
41 years$22,818$14,184$8,503$4,955$2,828$306
42 years$22,025$13,508$7,977$4,573$2,566$260
43 years$21,272$12,870$7,485$4,222$2,329$221
44 years$20,555$12,268$7,026$3,898$2,114$188
45 years$19,872$11,699$6,597$3,600$1,919$160
46 years$19,220$11,160$6,196$3,325$1,742$136
47 years$18,598$10,650$5,821$3,072$1,582$116
48 years$18,003$10,167$5,470$2,839$1,437$98
49 years$17,435$9,709$5,142$2,624$1,305$84
50 years$16,891$9,274$4,834$2,425$1,185$71

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 $3,983 every year, while hoping to spend $34,037 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: 70/22/8 Blend
68$17,300,000$17,300,000$17,300,000$17,300,000
69$19,068,708$18,151,808$17,883,658$20,376,948
70$20,977,502$19,005,032$18,446,546$22,096,260
71$23,079,851$19,898,923$19,027,149$23,972,405
72$25,395,463$20,835,437$19,626,026$26,024,412
73$27,946,054$21,816,627$20,243,752$28,269,554
74$30,755,553$22,844,644$20,880,919$30,726,834
75$33,850,330$23,921,741$21,538,140$33,417,166
76$37,259,441$25,050,285$22,216,046$36,363,562
77$41,014,908$26,232,753$22,915,287$39,591,349
78$45,152,016$27,471,744$23,636,536$43,128,401
79$49,709,646$28,769,984$24,380,484$47,005,399
80$54,730,646$30,130,330$25,147,847$51,256,113
81$60,262,233$31,555,777$25,939,361$55,917,718
82$66,356,437$33,049,466$26,755,786$61,031,139
83$73,070,595$34,614,691$27,597,906$66,641,429
84$80,467,889$36,254,905$28,466,530$72,798,194
85$88,617,947$37,973,728$29,362,491$79,556,046
86$97,597,494$39,774,957$30,286,651$86,975,119
87$107,491,081$41,662,573$31,239,897$95,121,630
88$118,391,881$43,640,749$32,223,143$104,068,489
89$130,402,569$45,713,862$33,237,334$113,895,990
90$143,636,291$47,886,501$34,283,445$124,692,551
91$158,217,731$50,163,478$35,362,479$136,555,550
92$174,284,290$52,549,839$36,475,473$149,592,226
93$191,987,381$55,050,875$37,623,494$163,920,689
94$211,493,860$57,672,133$38,807,647$179,671,024
95$232,987,598$60,419,432$40,029,067$196,986,506
96$256,671,220$63,298,871$41,288,928$216,024,944
97$282,768,016$66,316,848$42,588,439$236,960,162
98$311,524,051$69,480,070$43,928,849$259,983,624
99$343,210,482$72,795,571$45,311,443$285,306,232
100$378,126,125$76,270,728$46,737,550$313,160,304