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

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 $17,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,335,616
2 years$711,325$698,077$685,238$672,789$660,714$609,036
3 years$469,506$456,201$443,394$431,063$419,184$369,337
4 years$348,620$335,356$322,677$310,556$298,966$251,330
5 years$276,108$262,923$250,411$238,537$227,269$181,968
6 years$227,782$214,697$202,369$190,760$179,830$136,896
7 years$193,277$180,302$168,170$156,834$146,250$105,671
8 years$167,410$154,552$142,621$131,564$121,329$83,067
9 years$147,302$134,565$122,840$112,064$102,176$66,179
10 years$131,225$118,613$107,094$96,600$87,059$53,260
11 years$118,079$105,594$94,284$84,071$74,874$43,200
12 years$107,133$94,775$83,675$73,741$64,884$35,255
13 years$97,878$85,649$74,758$65,103$56,580$28,912
14 years$89,951$77,853$67,170$57,791$49,598$23,803
15 years$83,088$71,120$60,646$51,539$43,670$19,659
16 years$77,089$65,251$54,984$46,148$38,596$16,277
17 years$71,800$60,094$50,034$41,463$34,221$13,506
18 years$67,105$55,529$45,674$37,367$30,428$11,226
19 years$62,909$51,464$41,813$33,764$27,121$9,344
20 years$59,137$47,823$38,373$30,580$24,225$7,787
21 years$55,729$44,545$35,296$27,753$21,679$6,495
22 years$52,635$41,581$32,531$25,234$19,432$5,422
23 years$49,814$38,890$30,036$22,981$17,443$4,530
24 years$47,232$36,438$27,779$20,960$15,678$3,786
25 years$44,860$34,195$25,729$19,142$14,108$3,166
26 years$42,674$32,138$23,862$17,502$12,708$2,649
27 years$40,654$30,245$22,158$16,020$11,457$2,216
28 years$38,781$28,500$20,599$14,678$10,338$1,855
29 years$37,040$26,886$19,169$13,460$9,335$1,553
30 years$35,419$25,391$17,855$12,353$8,435$1,301
31 years$33,905$24,003$16,646$11,345$7,626$1,089
32 years$32,489$22,712$15,531$10,427$6,898$913
33 years$31,161$21,509$14,501$9,588$6,243$765
34 years$29,914$20,385$13,549$8,822$5,652$641
35 years$28,741$19,335$12,667$8,121$5,119$537
36 years$27,635$18,352$11,850$7,479$4,639$450
37 years$26,592$17,430$11,091$6,891$4,204$377
38 years$25,606$16,565$10,387$6,352$3,811$316
39 years$24,673$15,751$9,731$5,857$3,456$265
40 years$23,789$14,986$9,121$5,402$3,135$222
41 years$22,950$14,266$8,553$4,984$2,844$186
42 years$22,153$13,586$8,023$4,600$2,581$156
43 years$21,395$12,945$7,528$4,246$2,342$131
44 years$20,674$12,339$7,066$3,920$2,126$109
45 years$19,986$11,766$6,635$3,621$1,930$92
46 years$19,331$11,225$6,232$3,344$1,752$77
47 years$18,705$10,712$5,855$3,090$1,591$64
48 years$18,107$10,226$5,502$2,855$1,445$54
49 years$17,536$9,765$5,171$2,639$1,312$45
50 years$16,988$9,328$4,862$2,439$1,192$38

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 $4,706 every year, while hoping to spend $52,580 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: 55/20/25 Blend
68$17,400,000$17,400,000$17,400,000$17,400,000
69$19,179,654$18,257,454$17,987,754$20,102,428
70$21,080,034$19,096,125$18,534,399$21,575,956
71$23,172,491$19,974,128$19,097,595$23,174,046
72$25,476,560$20,893,335$19,677,839$24,913,448
73$28,013,769$21,855,709$20,275,647$26,807,754
74$30,807,840$22,863,305$20,891,548$28,871,911
75$33,884,911$23,918,278$21,526,086$31,122,354
76$37,273,785$25,022,887$22,179,823$33,577,160
77$41,006,202$26,179,499$22,853,337$36,256,212
78$45,117,135$27,390,595$23,547,225$39,181,382
79$49,645,126$28,658,777$24,262,100$42,376,735
80$54,632,641$29,986,770$24,998,593$45,868,746
81$60,126,481$31,377,432$25,757,356$49,686,546
82$66,178,213$32,833,757$26,539,058$53,862,195
83$72,844,665$34,358,885$27,344,391$58,430,971
84$80,188,457$35,956,107$28,174,065$63,431,704
85$88,278,596$37,628,873$29,028,812$68,907,131
86$97,191,123$39,380,798$29,909,388$74,904,295
87$107,009,834$41,215,673$30,816,568$81,474,979
88$117,827,067$43,137,471$31,751,153$88,676,193
89$129,744,578$45,150,358$32,713,967$96,570,696
90$142,874,499$47,258,699$33,705,859$105,227,586
91$157,340,394$49,467,072$34,727,702$114,722,944
92$173,278,431$51,780,275$35,780,396$125,140,540
93$190,838,661$54,203,339$36,864,870$136,572,614
94$210,186,439$56,741,536$37,982,077$149,120,741
95$231,503,979$59,400,395$39,133,000$162,896,777
96$254,992,083$62,185,713$40,318,654$178,023,903
97$280,872,026$65,103,563$41,540,079$194,637,781
98$309,387,652$68,160,317$42,798,351$212,887,817
99$340,807,672$71,362,652$44,094,576$232,938,565
100$375,428,203$74,717,570$45,429,892$254,971,264