Can I retire at age 69 with 18,200,000?

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 $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,405,963
2 years$744,029$730,172$716,743$703,722$691,092$645,826
3 years$491,092$477,176$463,780$450,882$438,457$394,675
4 years$364,649$350,775$337,513$324,835$312,711$270,749
5 years$288,802$275,012$261,924$249,504$237,718$197,689
6 years$238,255$224,568$211,674$199,531$188,098$150,036
7 years$202,163$188,592$175,902$164,045$152,974$116,877
8 years$175,107$161,658$149,179$137,613$126,907$92,750
9 years$154,074$140,752$128,487$117,216$106,874$74,620
10 years$137,258$124,066$112,018$101,041$91,062$60,663
11 years$123,508$110,449$98,619$87,936$78,316$49,717
12 years$112,059$99,133$87,522$77,132$67,867$41,009
13 years$102,378$89,587$78,195$68,096$59,182$33,999
14 years$94,087$81,432$70,259$60,448$51,878$28,305
15 years$86,908$74,390$63,434$53,909$45,678$23,644
16 years$80,633$68,251$57,512$48,270$40,370$19,805
17 years$75,102$62,857$52,334$43,370$35,795$16,628
18 years$70,190$58,083$47,774$39,085$31,827$13,987
19 years$65,801$53,830$43,735$35,317$28,368$11,784
20 years$61,856$50,022$40,138$31,986$25,339$9,941
21 years$58,291$46,593$36,919$29,029$22,676$8,396
22 years$55,055$43,493$34,027$26,394$20,325$7,097
23 years$52,104$40,678$31,417$24,038$18,245$6,004
24 years$49,403$38,113$29,056$21,924$16,399$5,083
25 years$46,922$35,767$26,912$20,022$14,757$4,305
26 years$44,636$33,615$24,959$18,307$13,292$3,648
27 years$42,523$31,636$23,177$16,757$11,984$3,093
28 years$40,564$29,810$21,546$15,353$10,814$2,623
29 years$38,743$28,123$20,050$14,079$9,764$2,225
30 years$37,047$26,559$18,676$12,921$8,823$1,888
31 years$35,464$25,107$17,411$11,867$7,977$1,602
32 years$33,982$23,756$16,245$10,906$7,215$1,360
33 years$32,594$22,498$15,168$10,029$6,530$1,154
34 years$31,289$21,323$14,172$9,228$5,912$980
35 years$30,062$20,224$13,250$8,494$5,355$832
36 years$28,906$19,196$12,395$7,823$4,852$707
37 years$27,815$18,231$11,601$7,208$4,397$600
38 years$26,783$17,326$10,864$6,644$3,987$510
39 years$25,807$16,476$10,179$6,126$3,615$433
40 years$24,882$15,675$9,540$5,650$3,279$368
41 years$24,005$14,921$8,946$5,213$2,975$312
42 years$23,171$14,211$8,392$4,811$2,699$265
43 years$22,379$13,540$7,874$4,441$2,450$225
44 years$21,624$12,906$7,391$4,101$2,224$191
45 years$20,905$12,307$6,940$3,787$2,019$163
46 years$20,220$11,741$6,518$3,498$1,833$138
47 years$19,565$11,204$6,124$3,232$1,664$117
48 years$18,940$10,696$5,755$2,986$1,511$100
49 years$18,342$10,214$5,409$2,760$1,373$85
50 years$17,770$9,757$5,085$2,551$1,247$72

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,200,000, adding $4,386 every year, while hoping to spend $42,062 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: 38/37/25 Blend
68$18,200,000$18,200,000$18,200,000$18,200,000
69$20,060,924$19,096,324$18,814,224$20,673,399
70$22,062,385$19,987,290$19,399,747$22,011,842
71$24,266,585$20,920,504$20,003,475$23,453,161
72$26,694,159$21,897,991$20,625,974$25,010,057
73$29,367,845$22,921,876$21,267,827$26,693,027
74$32,312,701$23,994,383$21,929,634$28,513,582
75$35,556,336$25,117,847$22,612,016$30,484,352
76$39,129,175$26,294,715$23,315,612$32,619,191
77$43,064,746$27,527,551$24,041,080$34,933,305
78$47,399,994$28,819,044$24,789,100$37,443,384
79$52,175,630$30,172,014$25,560,372$40,167,753
80$57,436,518$31,589,416$26,355,617$43,126,532
81$63,232,093$33,074,348$27,175,581$46,341,817
82$69,616,835$34,630,059$28,021,031$49,837,882
83$76,650,775$36,259,955$28,892,758$53,641,392
84$84,400,066$37,967,605$29,791,578$57,781,647
85$92,937,610$39,756,755$30,718,333$62,290,843
86$102,343,738$41,631,327$31,673,889$67,204,369
87$112,706,975$43,595,439$32,659,140$72,561,124
88$124,124,874$45,653,403$33,675,009$78,403,873
89$136,704,936$47,809,744$34,722,446$84,779,632
90$150,565,622$50,069,204$35,802,431$91,740,104
91$165,837,477$52,436,756$36,915,974$99,342,147
92$182,664,357$54,917,615$38,064,117$107,648,295
93$201,204,790$57,517,247$39,247,933$116,727,332
94$221,633,470$60,241,383$40,468,530$126,654,925
95$244,142,908$63,096,035$41,727,050$137,514,317
96$268,945,247$66,087,504$43,024,669$149,397,095
97$296,274,268$69,222,397$44,362,601$162,404,036
98$326,387,592$72,507,643$45,742,097$176,646,034
99$359,569,115$75,950,506$47,164,446$192,245,126
100$396,131,688$79,558,605$48,630,978$209,335,622