Can I retire at age 69 with 17,600,000?

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 $17,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$1,453,392$1,440,446$1,427,815$1,415,487$1,403,449$1,368,410
2 years$719,501$706,101$693,114$680,522$668,309$633,230
3 years$474,902$461,445$448,491$436,017$424,003$389,980
4 years$352,627$339,211$326,386$314,126$302,402$269,698
5 years$279,281$265,945$253,289$241,279$229,881$198,587
6 years$230,400$217,164$204,695$192,953$181,897$152,043
7 years$195,499$182,374$170,103$158,637$147,931$119,520
8 years$169,334$156,328$144,261$133,077$122,723$95,743
9 years$148,995$136,112$124,252$113,352$103,351$77,779
10 years$132,733$119,976$108,325$97,710$88,060$63,866
11 years$119,437$106,808$95,368$85,037$75,735$52,884
12 years$108,364$95,865$84,637$74,589$65,630$44,083
13 years$99,003$86,634$75,617$65,851$57,231$36,945
14 years$90,985$78,748$67,942$58,455$50,168$31,098
15 years$84,043$71,937$61,343$52,132$44,172$26,271
16 years$77,975$66,001$55,616$46,678$39,039$22,260
17 years$72,626$60,785$50,609$41,940$34,615$18,908
18 years$67,876$56,168$46,199$37,796$30,778$16,095
19 years$63,632$52,056$42,293$34,152$27,433$13,724
20 years$59,817$48,373$38,815$30,932$24,504$11,719
21 years$56,369$45,057$35,702$28,072$21,928$10,020
22 years$53,240$42,059$32,905$25,524$19,655$8,577
23 years$50,386$39,337$30,382$23,245$17,644$7,348
24 years$47,775$36,856$28,098$21,201$15,859$6,300
25 years$45,376$34,588$26,024$19,362$14,270$5,405
26 years$43,165$32,507$24,136$17,704$12,854$4,639
27 years$41,121$30,593$22,413$16,205$11,589$3,984
28 years$39,227$28,828$20,835$14,847$10,457$3,423
29 years$37,466$27,196$19,389$13,615$9,443$2,942
30 years$35,826$25,683$18,060$12,495$8,532$2,529
31 years$34,295$24,279$16,837$11,476$7,714$2,175
32 years$32,862$22,973$15,709$10,547$6,978$1,871
33 years$31,519$21,756$14,668$9,698$6,315$1,610
34 years$30,258$20,620$13,705$8,923$5,717$1,385
35 years$29,071$19,557$12,813$8,214$5,178$1,192
36 years$27,953$18,563$11,986$7,565$4,692$1,026
37 years$26,898$17,630$11,219$6,970$4,252$883
38 years$25,900$16,755$10,506$6,425$3,855$760
39 years$24,956$15,933$9,843$5,924$3,496$654
40 years$24,062$15,159$9,226$5,464$3,171$563
41 years$23,213$14,429$8,651$5,041$2,877$485
42 years$22,407$13,742$8,115$4,652$2,610$418
43 years$21,641$13,093$7,615$4,295$2,369$360
44 years$20,911$12,481$7,148$3,966$2,150$310
45 years$20,216$11,902$6,711$3,662$1,952$267
46 years$19,553$11,354$6,304$3,383$1,772$230
47 years$18,920$10,835$5,922$3,125$1,610$198
48 years$18,315$10,343$5,565$2,888$1,462$170
49 years$17,737$9,877$5,231$2,669$1,328$147
50 years$17,184$9,435$4,918$2,467$1,206$126

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,600,000, adding $3,587 every year, while hoping to spend $59,970 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: 46/35/19 Blend
68$17,600,000$17,600,000$17,600,000$17,600,000
69$19,398,900$18,466,100$18,193,300$20,185,786
70$21,313,780$19,307,131$18,738,968$21,577,166
71$23,421,968$20,187,363$19,300,906$23,079,513
72$25,743,118$21,108,653$19,879,595$24,708,182
73$28,298,887$22,072,948$20,475,532$26,474,965
74$31,113,138$23,082,287$21,089,227$28,392,808
75$34,212,167$24,138,808$21,721,206$30,475,928
76$37,624,951$25,244,752$22,372,008$32,739,944
77$41,383,417$26,402,466$23,042,192$35,202,011
78$45,522,749$27,614,411$23,732,329$37,880,982
79$50,081,718$28,883,165$24,443,010$40,797,571
80$55,103,044$30,211,431$25,174,842$43,974,548
81$60,633,804$31,602,041$25,928,449$47,436,939
82$66,725,875$33,057,964$26,704,475$51,212,257
83$73,436,421$34,582,311$27,503,582$55,330,753
84$80,828,435$36,178,343$28,326,451$59,825,690
85$88,971,331$37,849,478$29,173,783$64,733,649
86$97,941,602$39,599,298$30,046,300$70,094,863
87$107,823,540$41,431,557$30,944,745$75,953,584
88$118,710,030$43,350,192$31,869,883$82,358,495
89$130,703,429$45,359,328$32,822,500$89,363,151
90$143,916,532$47,463,288$33,803,407$97,026,477
91$158,473,633$49,666,605$34,813,436$105,413,309
92$174,511,704$51,974,029$35,853,447$114,594,992
93$192,181,682$54,390,540$36,924,321$124,650,041
94$211,649,896$56,921,358$38,026,968$135,664,868
95$233,099,636$59,571,956$39,162,322$147,734,579
96$256,732,886$62,348,068$40,331,347$160,963,859
97$282,772,225$65,255,709$41,535,032$175,467,939
98$311,462,933$68,301,180$42,774,397$191,373,673
99$343,075,304$71,491,089$44,050,491$208,820,709
100$377,907,196$74,832,363$45,364,393$227,962,793