Can I retire at age 69 with 17,700,000?

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 $17,700,000?

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$1,461,649$1,448,630$1,435,927$1,423,529$1,411,423$1,363,515
2 years$723,589$710,113$697,052$684,389$672,106$624,320
3 years$477,601$464,066$451,039$438,495$426,412$380,248
4 years$354,631$341,138$328,241$315,911$304,120$259,932
5 years$280,868$267,456$254,728$242,650$231,188$189,092
6 years$231,709$218,398$205,858$194,049$182,931$142,961
7 years$196,609$183,410$171,069$159,538$148,772$110,922
8 years$170,296$157,217$145,080$133,833$123,420$87,661
9 years$149,842$136,885$124,958$113,996$103,938$70,225
10 years$133,487$120,658$108,941$98,265$88,560$56,839
11 years$120,115$107,415$95,910$85,520$76,165$46,373
12 years$108,980$96,409$85,118$75,013$66,003$38,073
13 years$99,565$87,126$76,047$66,225$57,556$31,415
14 years$91,502$79,195$68,328$58,787$50,453$26,027
15 years$84,521$72,346$61,691$52,428$44,423$21,633
16 years$78,418$66,376$55,932$46,944$39,261$18,030
17 years$73,038$61,130$50,896$42,178$34,812$15,060
18 years$68,262$56,487$46,462$38,011$30,953$12,602
19 years$63,994$52,351$42,533$34,346$27,589$10,561
20 years$60,157$48,648$39,035$31,107$24,643$8,862
21 years$56,690$45,313$35,905$28,232$22,053$7,444
22 years$53,542$42,298$33,092$25,669$19,767$6,258
23 years$50,673$39,561$30,554$23,377$17,744$5,265
24 years$48,046$37,066$28,258$21,322$15,949$4,432
25 years$45,633$34,784$26,172$19,472$14,351$3,733
26 years$43,410$32,692$24,273$17,804$12,927$3,146
27 years$41,355$30,767$22,540$16,297$11,655$2,652
28 years$39,449$28,991$20,954$14,931$10,517$2,236
29 years$37,679$27,350$19,499$13,692$9,496$1,886
30 years$36,030$25,829$18,163$12,566$8,580$1,591
31 years$34,490$24,417$16,933$11,541$7,757$1,342
32 years$33,049$23,104$15,799$10,606$7,017$1,133
33 years$31,698$21,879$14,751$9,753$6,351$956
34 years$30,430$20,737$13,783$8,974$5,750$807
35 years$29,236$19,669$12,886$8,261$5,208$681
36 years$28,112$18,668$12,054$7,608$4,718$575
37 years$27,050$17,731$11,283$7,010$4,277$486
38 years$26,047$16,850$10,566$6,461$3,877$410
39 years$25,098$16,023$9,899$5,958$3,516$346
40 years$24,199$15,245$9,278$5,495$3,189$292
41 years$23,345$14,511$8,700$5,070$2,893$247
42 years$22,535$13,820$8,161$4,679$2,625$208
43 years$21,764$13,168$7,658$4,319$2,383$176
44 years$21,030$12,552$7,188$3,988$2,163$149
45 years$20,331$11,969$6,750$3,683$1,963$126
46 years$19,664$11,418$6,339$3,402$1,783$106
47 years$19,028$10,896$5,956$3,143$1,619$90
48 years$18,419$10,402$5,597$2,904$1,470$76
49 years$17,838$9,933$5,261$2,684$1,335$64
50 years$17,281$9,489$4,946$2,481$1,213$54

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,700,000, adding $6,240 every year, while hoping to spend $21,027 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: 70/11/19 Blend
68$17,700,000$17,700,000$17,700,000$17,700,000
69$19,511,837$18,573,737$18,299,387$20,787,478
70$21,479,671$19,461,477$18,890,043$22,526,282
71$23,647,520$20,392,012$19,499,783$24,425,725
72$26,035,763$21,367,417$20,129,221$26,504,228
73$28,666,857$22,389,866$20,778,996$28,779,490
74$31,565,549$23,461,642$21,449,765$31,270,993
75$34,759,110$24,585,137$22,142,207$34,000,183
76$38,277,591$25,762,860$22,857,022$36,990,670
77$42,154,108$26,997,443$23,594,935$40,268,445
78$46,425,154$28,291,645$24,356,693$43,862,123
79$51,130,944$29,648,360$25,143,066$47,803,212
80$56,315,792$31,070,622$25,954,851$52,126,402
81$62,028,535$32,561,614$26,792,870$56,869,895
82$68,322,985$34,124,673$27,657,971$62,075,754
83$75,258,447$35,763,300$28,551,031$67,790,301
84$82,900,272$37,481,164$29,472,954$74,064,550
85$91,320,475$39,282,116$30,424,673$80,954,681
86$100,598,416$41,170,193$31,407,152$88,522,568
87$110,821,550$43,149,628$32,421,387$96,836,357
88$122,086,249$45,224,861$33,468,405$105,971,104
89$134,498,716$47,400,549$34,549,266$116,009,479
90$148,175,985$49,681,575$35,665,066$127,042,541
91$163,247,024$52,073,061$36,816,934$139,170,590
92$179,853,958$54,580,378$38,006,039$152,504,109
93$198,153,404$57,209,160$39,233,584$167,164,800
94$218,317,956$59,965,313$40,500,814$183,286,727
95$240,537,809$62,855,035$41,809,012$201,017,575
96$265,022,557$65,884,823$43,159,505$220,520,033
97$292,003,170$69,061,491$44,553,661$241,973,328
98$321,734,178$72,392,189$45,992,893$265,574,907
99$354,496,069$75,884,411$47,478,660$291,542,290
100$390,597,940$79,546,020$49,012,468$320,115,117