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

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 $17,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$1,478,165$1,464,999$1,452,153$1,439,614$1,427,371$1,390,608
2 years$731,765$718,137$704,928$692,122$679,701$642,907
3 years$482,997$469,310$456,135$443,449$431,230$395,557
4 years$358,638$344,993$331,950$319,480$307,557$273,279
5 years$284,042$270,478$257,607$245,392$233,800$201,012
6 years$234,327$220,866$208,184$196,242$184,998$153,732
7 years$198,831$185,483$173,002$161,341$150,453$120,711
8 years$172,221$158,993$146,720$135,345$124,815$96,584
9 years$151,535$138,432$126,370$115,284$105,112$78,367
10 years$134,996$122,021$110,172$99,376$89,561$64,269
11 years$121,473$108,628$96,994$86,487$77,025$53,150
12 years$110,211$97,499$86,079$75,860$66,749$44,246
13 years$100,690$88,110$76,906$66,973$58,206$37,032
14 years$92,536$80,090$69,101$59,452$51,023$31,129
15 years$85,476$73,164$62,388$53,020$44,925$26,261
16 years$79,304$67,126$56,564$47,474$39,705$22,219
17 years$73,864$61,821$51,471$42,655$35,205$18,846
18 years$69,033$57,125$46,987$38,441$31,303$16,018
19 years$64,717$52,943$43,014$34,734$27,901$13,638
20 years$60,836$49,197$39,476$31,459$24,921$11,629
21 years$57,330$45,825$36,310$28,551$22,302$9,927
22 years$54,147$42,776$33,466$25,959$19,990$8,484
23 years$51,245$40,008$30,900$23,642$17,945$7,257
24 years$48,589$37,485$28,577$21,562$16,129$6,212
25 years$46,149$35,177$26,468$19,692$14,514$5,321
26 years$43,900$33,061$24,548$18,005$13,073$4,560
27 years$41,822$31,114$22,795$16,481$11,787$3,910
28 years$39,895$29,319$21,191$15,100$10,635$3,354
29 years$38,105$27,659$19,720$13,847$9,603$2,878
30 years$36,437$26,121$18,368$12,708$8,677$2,470
31 years$34,879$24,693$17,124$11,671$7,845$2,121
32 years$33,422$23,365$15,977$10,726$7,096$1,821
33 years$32,056$22,127$14,918$9,864$6,422$1,564
34 years$30,773$20,971$13,938$9,075$5,815$1,344
35 years$29,567$19,891$13,031$8,354$5,267$1,154
36 years$28,429$18,879$12,191$7,694$4,772$992
37 years$27,356$17,931$11,410$7,089$4,325$852
38 years$26,342$17,041$10,685$6,534$3,921$732
39 years$25,382$16,204$10,011$6,025$3,556$629
40 years$24,472$15,417$9,383$5,557$3,225$541
41 years$23,609$14,675$8,798$5,127$2,926$465
42 years$22,789$13,976$8,253$4,732$2,655$400
43 years$22,010$13,317$7,745$4,368$2,409$344
44 years$21,268$12,694$7,270$4,033$2,187$295
45 years$20,561$12,104$6,826$3,725$1,985$254
46 years$19,886$11,547$6,411$3,441$1,803$218
47 years$19,243$11,020$6,023$3,179$1,637$188
48 years$18,628$10,520$5,660$2,937$1,487$161
49 years$18,039$10,046$5,320$2,714$1,350$139
50 years$17,477$9,596$5,002$2,509$1,226$119

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 $6,119 every year, while hoping to spend $43,777 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: 35/44/21 Blend
68$17,900,000$17,900,000$17,900,000$17,900,000
69$19,732,112$18,783,412$18,505,962$20,296,383
70$21,698,209$19,657,221$19,079,333$21,585,864
71$23,863,380$20,572,379$19,670,445$22,971,757
72$26,247,886$21,530,866$20,279,846$24,466,219
73$28,874,050$22,534,759$20,908,101$26,078,941
74$31,766,473$23,586,231$21,555,792$27,820,541
75$34,952,262$24,687,565$22,223,519$29,702,659
76$38,461,288$25,841,151$22,911,902$31,738,052
77$42,326,467$27,049,495$23,621,579$33,940,714
78$46,584,072$28,315,226$24,353,207$36,325,988
79$51,274,072$29,641,096$25,107,464$38,910,711
80$56,440,512$31,029,995$25,885,049$41,713,355
81$62,131,928$32,484,949$26,686,682$44,754,194
82$68,401,805$34,009,132$27,513,106$48,055,483
83$75,309,081$35,605,871$28,365,087$51,641,657
84$82,918,704$37,278,654$29,243,413$55,539,547
85$91,302,242$39,031,139$30,148,899$59,778,622
86$100,538,565$40,867,160$31,082,381$64,391,255
87$110,714,584$42,790,735$32,044,726$69,413,008
88$121,926,070$44,806,080$33,036,823$74,882,960
89$134,278,564$46,917,613$34,059,591$80,844,058
90$147,888,367$49,129,966$35,113,977$87,343,501
91$162,883,642$51,447,996$36,200,957$94,433,176
92$179,405,621$53,876,795$37,321,537$102,170,126
93$197,609,939$56,421,702$38,476,753$110,617,068
94$217,668,103$59,088,316$39,667,674$119,842,968
95$239,769,112$61,882,505$40,895,403$129,923,672
96$264,121,237$64,810,424$42,161,075$140,942,597
97$290,953,993$67,878,525$43,465,861$152,991,499
98$320,520,300$71,093,572$44,810,967$166,171,314
99$353,098,875$74,462,661$46,197,638$180,593,088
100$388,996,857$77,993,228$47,627,156$196,378,995