Can I retire at age 69 with 17,400,000?

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,374,154
2 years$711,325$698,077$685,238$672,789$660,714$647,270
3 years$469,506$456,201$443,394$431,063$419,184$406,058
4 years$348,620$335,356$322,677$310,556$298,966$286,260
5 years$276,108$262,923$250,411$238,537$227,269$215,020
6 years$227,782$214,697$202,369$190,760$179,830$168,053
7 years$193,277$180,302$168,170$156,834$146,250$134,951
8 years$167,410$154,552$142,621$131,564$121,329$110,506
9 years$147,302$134,565$122,840$112,064$102,176$91,827
10 years$131,225$118,613$107,094$96,600$87,059$77,177
11 years$118,079$105,594$94,284$84,071$74,874$65,450
12 years$107,133$94,775$83,675$73,741$64,884$55,910
13 years$97,878$85,649$74,758$65,103$56,580$48,046
14 years$89,951$77,853$67,170$57,791$49,598$41,492
15 years$83,088$71,120$60,646$51,539$43,670$35,980
16 years$77,089$65,251$54,984$46,148$38,596$31,309
17 years$71,800$60,094$50,034$41,463$34,221$27,325
18 years$67,105$55,529$45,674$37,367$30,428$23,909
19 years$62,909$51,464$41,813$33,764$27,121$20,966
20 years$59,137$47,823$38,373$30,580$24,225$18,419
21 years$55,729$44,545$35,296$27,753$21,679$16,208
22 years$52,635$41,581$32,531$25,234$19,432$14,283
23 years$49,814$38,890$30,036$22,981$17,443$12,602
24 years$47,232$36,438$27,779$20,960$15,678$11,131
25 years$44,860$34,195$25,729$19,142$14,108$9,841
26 years$42,674$32,138$23,862$17,502$12,708$8,707
27 years$40,654$30,245$22,158$16,020$11,457$7,710
28 years$38,781$28,500$20,599$14,678$10,338$6,831
29 years$37,040$26,886$19,169$13,460$9,335$6,056
30 years$35,419$25,391$17,855$12,353$8,435$5,372
31 years$33,905$24,003$16,646$11,345$7,626$4,767
32 years$32,489$22,712$15,531$10,427$6,898$4,232
33 years$31,161$21,509$14,501$9,588$6,243$3,758
34 years$29,914$20,385$13,549$8,822$5,652$3,338
35 years$28,741$19,335$12,667$8,121$5,119$2,966
36 years$27,635$18,352$11,850$7,479$4,639$2,636
37 years$26,592$17,430$11,091$6,891$4,204$2,344
38 years$25,606$16,565$10,387$6,352$3,811$2,084
39 years$24,673$15,751$9,731$5,857$3,456$1,853
40 years$23,789$14,986$9,121$5,402$3,135$1,648
41 years$22,950$14,266$8,553$4,984$2,844$1,466
42 years$22,153$13,586$8,023$4,600$2,581$1,304
43 years$21,395$12,945$7,528$4,246$2,342$1,160
44 years$20,674$12,339$7,066$3,920$2,126$1,032
45 years$19,986$11,766$6,635$3,621$1,930$919
46 years$19,331$11,225$6,232$3,344$1,752$818
47 years$18,705$10,712$5,855$3,090$1,591$728
48 years$18,107$10,226$5,502$2,855$1,445$648
49 years$17,536$9,765$5,171$2,639$1,312$577
50 years$16,988$9,328$4,862$2,439$1,192$513

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,400,000, adding $2,366 every year, while hoping to spend $38,152 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: 53/41/6 Blend
68$17,400,000$17,400,000$17,400,000$17,400,000
69$19,177,241$18,255,041$17,985,341$20,167,055
70$21,092,726$19,108,944$18,547,256$21,691,190
71$23,202,312$20,003,410$19,126,717$23,344,045
72$25,525,756$20,940,386$19,724,271$25,141,215
73$28,084,832$21,921,914$20,340,482$27,096,329
74$30,903,530$22,950,132$20,975,933$29,224,355
75$34,008,287$24,027,286$21,631,225$31,541,738
76$37,428,237$25,155,727$22,306,975$34,066,542
77$41,195,481$26,337,922$23,003,823$36,818,618
78$45,345,395$27,576,456$23,722,426$39,819,779
79$49,916,962$28,874,038$24,463,464$43,094,002
80$54,953,138$30,233,512$25,227,636$46,667,643
81$60,501,261$31,657,857$26,015,664$50,569,674
82$66,613,493$33,150,196$26,828,293$54,831,952
83$73,347,318$34,713,804$27,666,289$59,489,508
84$80,766,079$36,352,116$28,530,445$64,580,863
85$88,939,581$38,068,730$29,421,576$70,148,386
86$97,944,743$39,867,423$30,340,524$76,238,680
87$107,866,331$41,752,151$31,288,156$82,903,009
88$118,797,755$43,727,065$32,265,367$90,197,769
89$130,841,950$45,796,515$33,273,081$98,185,009
90$144,112,347$47,965,063$34,312,248$106,933,002
91$158,733,947$50,237,492$35,383,849$116,516,874
92$174,844,498$52,618,817$36,488,896$127,019,298
93$192,595,796$55,114,297$37,628,432$138,531,257
94$212,155,116$57,729,447$38,803,534$151,152,890
95$233,706,795$60,470,047$40,015,309$164,994,415
96$257,453,969$63,342,160$41,264,903$180,177,156
97$283,620,490$66,352,143$42,553,494$196,834,661
98$312,453,043$69,506,660$43,882,299$215,113,953
99$344,223,469$72,812,702$45,252,571$235,176,886
100$379,231,335$76,277,597$46,665,605$257,201,658