Can I retire at age 69 with 17,900,000?

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,408,367
2 years$731,765$718,137$704,928$692,122$679,701$660,585
3 years$482,997$469,310$456,135$443,449$431,230$412,597
4 years$358,638$344,993$331,950$319,480$307,557$289,549
5 years$284,042$270,478$257,607$245,392$233,800$216,471
6 years$234,327$220,866$208,184$196,242$184,998$168,368
7 years$198,831$185,483$173,002$161,341$150,453$134,527
8 years$172,221$158,993$146,720$135,345$124,815$109,593
9 years$151,535$138,432$126,370$115,284$105,112$90,586
10 years$134,996$122,021$110,172$99,376$89,561$75,721
11 years$121,473$108,628$96,994$86,487$77,025$63,858
12 years$110,211$97,499$86,079$75,860$66,749$54,239
13 years$100,690$88,110$76,906$66,973$58,206$46,338
14 years$92,536$80,090$69,101$59,452$51,023$39,779
15 years$85,476$73,164$62,388$53,020$44,925$34,285
16 years$79,304$67,126$56,564$47,474$39,705$29,649
17 years$73,864$61,821$51,471$42,655$35,205$25,714
18 years$69,033$57,125$46,987$38,441$31,303$22,355
19 years$64,717$52,943$43,014$34,734$27,901$19,475
20 years$60,836$49,197$39,476$31,459$24,921$16,996
21 years$57,330$45,825$36,310$28,551$22,302$14,856
22 years$54,147$42,776$33,466$25,959$19,990$13,003
23 years$51,245$40,008$30,900$23,642$17,945$11,393
24 years$48,589$37,485$28,577$21,562$16,129$9,993
25 years$46,149$35,177$26,468$19,692$14,514$8,773
26 years$43,900$33,061$24,548$18,005$13,073$7,708
27 years$41,822$31,114$22,795$16,481$11,787$6,776
28 years$39,895$29,319$21,191$15,100$10,635$5,961
29 years$38,105$27,659$19,720$13,847$9,603$5,246
30 years$36,437$26,121$18,368$12,708$8,677$4,619
31 years$34,879$24,693$17,124$11,671$7,845$4,069
32 years$33,422$23,365$15,977$10,726$7,096$3,585
33 years$32,056$22,127$14,918$9,864$6,422$3,160
34 years$30,773$20,971$13,938$9,075$5,815$2,786
35 years$29,567$19,891$13,031$8,354$5,267$2,457
36 years$28,429$18,879$12,191$7,694$4,772$2,167
37 years$27,356$17,931$11,410$7,089$4,325$1,912
38 years$26,342$17,041$10,685$6,534$3,921$1,687
39 years$25,382$16,204$10,011$6,025$3,556$1,488
40 years$24,472$15,417$9,383$5,557$3,225$1,314
41 years$23,609$14,675$8,798$5,127$2,926$1,160
42 years$22,789$13,976$8,253$4,732$2,655$1,024
43 years$22,010$13,317$7,745$4,368$2,409$904
44 years$21,268$12,694$7,270$4,033$2,187$798
45 years$20,561$12,104$6,826$3,725$1,985$704
46 years$19,886$11,547$6,411$3,441$1,803$622
47 years$19,243$11,020$6,023$3,179$1,637$549
48 years$18,628$10,520$5,660$2,937$1,487$485
49 years$18,039$10,046$5,320$2,714$1,350$428
50 years$17,477$9,596$5,002$2,509$1,226$378

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $17,900,000, adding $2,298 every year, while hoping to spend $33,720 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: 40/36/24 Blend
68$17,900,000$17,900,000$17,900,000$17,900,000
69$19,728,170$18,779,470$18,502,020$20,377,140
70$21,704,566$19,663,787$19,085,960$21,729,672
71$23,881,424$20,590,304$19,688,332$23,188,608
72$26,279,155$21,561,055$20,309,717$24,766,329
73$28,920,253$22,578,171$20,950,717$26,473,701
74$31,829,502$23,643,885$21,611,949$28,322,649
75$35,034,215$24,760,539$22,294,053$30,326,254
76$38,564,490$25,930,590$22,997,689$32,498,875
77$42,453,491$27,156,612$23,723,534$34,856,270
78$46,737,765$28,441,305$24,472,291$37,415,745
79$51,457,588$29,787,499$25,244,684$40,196,300
80$56,657,338$31,198,163$26,041,457$43,218,804
81$62,385,922$32,676,408$26,863,381$46,506,181
82$68,697,232$34,225,498$27,711,250$50,083,616
83$75,650,656$35,848,853$28,585,883$53,978,782
84$83,311,637$37,550,062$29,488,124$58,222,091
85$91,752,294$39,332,884$30,418,847$62,846,970
86$101,052,098$41,201,266$31,378,948$67,890,163
87$111,298,626$43,159,342$32,369,357$73,392,065
88$122,588,386$45,211,449$33,391,030$79,397,092
89$135,027,725$47,362,135$34,444,954$85,954,084
90$148,733,840$49,616,166$35,532,147$93,116,754
91$163,835,877$51,978,544$36,653,659$100,944,180
92$180,476,155$54,454,510$37,810,575$109,501,344
93$198,811,504$57,049,563$39,004,011$118,859,731
94$219,014,753$59,769,468$40,235,121$129,097,985
95$241,276,355$62,620,268$41,505,094$140,302,638
96$265,806,185$65,608,304$42,815,157$152,568,900
97$292,835,528$68,740,222$44,166,576$166,001,546
98$322,619,252$72,022,993$45,560,657$180,715,879
99$355,438,223$75,463,927$46,998,746$196,838,798
100$391,601,950$79,070,688$48,482,233$214,509,975