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%18.4%
1 years$1,436,876$1,424,077$1,411,590$1,399,402$1,387,500$1,340,405
2 years$711,325$698,077$685,238$672,789$660,714$613,738
3 years$469,506$456,201$443,394$431,063$419,184$373,803
4 years$348,620$335,356$322,677$310,556$298,966$255,527
5 years$276,108$262,923$250,411$238,537$227,269$185,887
6 years$227,782$214,697$202,369$190,760$179,830$140,538
7 years$193,277$180,302$168,170$156,834$146,250$109,042
8 years$167,410$154,552$142,621$131,564$121,329$86,175
9 years$147,302$134,565$122,840$112,064$102,176$69,035
10 years$131,225$118,613$107,094$96,600$87,059$55,876
11 years$118,079$105,594$94,284$84,071$74,874$45,587
12 years$107,133$94,775$83,675$73,741$64,884$37,428
13 years$97,878$85,649$74,758$65,103$56,580$30,883
14 years$89,951$77,853$67,170$57,791$49,598$25,586
15 years$83,088$71,120$60,646$51,539$43,670$21,267
16 years$77,089$65,251$54,984$46,148$38,596$17,724
17 years$71,800$60,094$50,034$41,463$34,221$14,804
18 years$67,105$55,529$45,674$37,367$30,428$12,388
19 years$62,909$51,464$41,813$33,764$27,121$10,382
20 years$59,137$47,823$38,373$30,580$24,225$8,712
21 years$55,729$44,545$35,296$27,753$21,679$7,318
22 years$52,635$41,581$32,531$25,234$19,432$6,152
23 years$49,814$38,890$30,036$22,981$17,443$5,176
24 years$47,232$36,438$27,779$20,960$15,678$4,357
25 years$44,860$34,195$25,729$19,142$14,108$3,670
26 years$42,674$32,138$23,862$17,502$12,708$3,093
27 years$40,654$30,245$22,158$16,020$11,457$2,607
28 years$38,781$28,500$20,599$14,678$10,338$2,198
29 years$37,040$26,886$19,169$13,460$9,335$1,854
30 years$35,419$25,391$17,855$12,353$8,435$1,564
31 years$33,905$24,003$16,646$11,345$7,626$1,320
32 years$32,489$22,712$15,531$10,427$6,898$1,114
33 years$31,161$21,509$14,501$9,588$6,243$940
34 years$29,914$20,385$13,549$8,822$5,652$793
35 years$28,741$19,335$12,667$8,121$5,119$670
36 years$27,635$18,352$11,850$7,479$4,639$565
37 years$26,592$17,430$11,091$6,891$4,204$477
38 years$25,606$16,565$10,387$6,352$3,811$403
39 years$24,673$15,751$9,731$5,857$3,456$340
40 years$23,789$14,986$9,121$5,402$3,135$287
41 years$22,950$14,266$8,553$4,984$2,844$243
42 years$22,153$13,586$8,023$4,600$2,581$205
43 years$21,395$12,945$7,528$4,246$2,342$173
44 years$20,674$12,339$7,066$3,920$2,126$146
45 years$19,986$11,766$6,635$3,621$1,930$123
46 years$19,331$11,225$6,232$3,344$1,752$104
47 years$18,705$10,712$5,855$3,090$1,591$88
48 years$18,107$10,226$5,502$2,855$1,445$74
49 years$17,536$9,765$5,171$2,639$1,312$63
50 years$16,988$9,328$4,862$2,439$1,192$53

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 $5,685 every year, while hoping to spend $22,247 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: 79/5/16 Blend
68$17,400,000$17,400,000$17,400,000$17,400,000
69$19,180,664$18,258,464$17,988,764$20,630,063
70$21,113,421$19,129,458$18,567,717$22,456,712
71$23,242,574$20,042,385$19,165,319$24,457,078
72$25,588,131$20,999,277$19,782,172$26,651,333
73$28,172,142$22,002,263$20,418,896$29,058,887
74$31,018,903$23,053,577$21,076,132$31,701,115
75$34,155,190$24,155,561$21,754,541$34,601,559
76$37,610,508$25,310,671$22,454,807$37,786,147
77$41,417,369$26,521,484$23,177,633$41,283,438
78$45,611,605$27,790,701$23,923,747$45,124,885
79$50,232,696$29,121,153$24,693,901$49,345,135
80$55,324,154$30,515,812$25,488,869$53,982,348
81$60,933,923$31,977,792$26,309,451$59,078,564
82$67,114,840$33,510,361$27,156,475$64,680,086
83$73,925,129$35,116,943$28,030,792$70,837,925
84$81,428,951$36,801,133$28,933,282$77,608,273
85$89,697,012$38,566,696$29,864,855$85,053,032
86$98,807,228$40,417,585$30,826,449$93,240,397
87$108,845,461$42,357,943$31,819,031$102,245,496
88$119,906,331$44,392,115$32,843,601$112,151,095
89$132,094,107$46,524,658$33,901,192$123,048,378
90$145,523,691$48,760,352$34,992,867$135,037,806
91$160,321,707$51,104,209$36,119,727$148,230,058
92$176,627,690$53,561,484$37,282,907$162,747,075
93$194,595,408$56,137,690$38,483,578$178,723,207
94$214,394,312$58,838,610$39,722,951$196,306,477
95$236,211,135$61,670,304$41,002,272$215,659,976
96$260,251,654$64,639,133$42,322,832$236,963,397
97$286,742,636$67,751,764$43,685,960$260,414,728
98$315,933,976$71,015,191$45,093,031$286,232,117
99$348,101,056$74,436,750$46,545,462$314,655,925
100$383,547,345$78,024,132$48,044,716$345,950,992