Can I retire at age 69 with 18,300,000?

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,445,834
2 years$748,117$734,184$720,681$707,589$694,889$681,354
3 years$493,791$479,798$466,328$453,359$440,866$427,650
4 years$366,652$352,702$339,368$326,620$314,430$301,633
5 years$290,389$276,523$263,363$250,875$239,024$226,686
6 years$239,564$225,802$212,837$200,627$189,132$177,266
7 years$203,274$189,628$176,868$164,946$153,815$142,428
8 years$176,069$162,546$149,998$138,369$127,604$116,695
9 years$154,921$141,526$129,193$117,860$107,461$97,027
10 years$138,012$124,748$112,634$101,597$91,562$81,596
11 years$124,187$111,056$99,161$88,419$78,747$69,241
12 years$112,674$99,678$88,003$77,556$68,240$59,186
13 years$102,940$90,079$78,625$68,470$59,507$50,894
14 years$94,604$81,880$70,645$60,780$52,163$43,980
15 years$87,386$74,799$63,783$54,205$45,929$38,163
16 years$81,076$68,626$57,828$48,535$40,592$33,232
17 years$75,514$63,202$52,621$43,608$35,992$29,024
18 years$70,576$58,402$48,037$39,300$32,002$25,413
19 years$66,163$54,126$43,975$35,511$28,524$22,301
20 years$62,196$50,297$40,358$32,162$25,478$19,606
21 years$58,611$46,849$37,122$29,189$22,800$17,266
22 years$55,357$43,732$34,214$26,539$20,437$15,226
23 years$52,390$40,902$31,590$24,170$18,346$13,444
24 years$49,675$38,322$29,216$22,044$16,489$11,884
25 years$47,180$35,964$27,059$20,132$14,838$10,515
26 years$44,881$33,800$25,096$18,408$13,365$9,311
27 years$42,756$31,810$23,304$16,849$12,050$8,251
28 years$40,787$29,974$21,664$15,437$10,873$7,317
29 years$38,956$28,277$20,160$14,156$9,818$6,492
30 years$37,251$26,705$18,779$12,992$8,871$5,763
31 years$35,659$25,245$17,507$11,932$8,020$5,118
32 years$34,169$23,887$16,334$10,966$7,255$4,547
33 years$32,773$22,621$15,251$10,084$6,566$4,042
34 years$31,461$21,440$14,250$9,278$5,945$3,593
35 years$30,227$20,335$13,323$8,541$5,384$3,195
36 years$29,065$19,301$12,463$7,866$4,878$2,842
37 years$27,967$18,332$11,665$7,248$4,421$2,529
38 years$26,930$17,422$10,924$6,680$4,008$2,250
39 years$25,949$16,566$10,235$6,160$3,635$2,003
40 years$25,019$15,761$9,593$5,681$3,297$1,783
41 years$24,137$15,003$8,995$5,242$2,991$1,587
42 years$23,299$14,289$8,438$4,838$2,714$1,413
43 years$22,502$13,614$7,918$4,466$2,463$1,259
44 years$21,743$12,977$7,432$4,123$2,236$1,121
45 years$21,020$12,375$6,978$3,808$2,030$998
46 years$20,331$11,805$6,554$3,517$1,843$889
47 years$19,673$11,266$6,158$3,250$1,674$792
48 years$19,044$10,755$5,786$3,003$1,520$706
49 years$18,443$10,270$5,439$2,775$1,380$629
50 years$17,867$9,810$5,113$2,565$1,254$560

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,300,000, adding $5,166 every year, while hoping to spend $53,273 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: 60/35/5 Blend
68$18,300,000$18,300,000$18,300,000$18,300,000
69$20,171,929$19,202,029$18,918,379$21,364,885
70$22,172,783$20,086,246$19,495,462$23,047,274
71$24,375,940$21,012,005$20,090,093$24,874,763
72$26,801,976$21,981,284$20,702,802$26,866,539
73$29,473,569$22,996,157$21,334,136$29,038,383
74$32,415,704$24,058,801$21,984,661$31,407,645
75$35,655,916$25,171,492$22,654,958$33,993,397
76$39,224,545$26,336,620$23,345,624$36,816,608
77$43,155,023$27,556,689$24,057,277$39,900,335
78$47,484,191$28,834,323$24,790,552$43,269,934
79$52,252,647$30,172,272$25,546,103$46,953,291
80$57,505,124$31,573,421$26,324,605$50,981,079
81$63,290,919$33,040,791$27,126,752$55,387,037
82$69,664,354$34,577,551$27,953,259$60,208,285
83$76,685,289$36,187,022$28,804,864$65,485,658
84$84,419,687$37,872,685$29,682,326$71,264,090
85$92,940,238$39,638,189$30,586,426$77,593,023
86$102,327,041$41,487,359$31,517,970$84,526,865
87$112,668,366$43,424,206$32,477,789$92,125,496
88$124,061,481$45,452,934$33,466,736$100,454,816
89$136,613,573$47,577,949$34,485,693$109,587,363
90$150,442,760$49,803,871$35,535,566$119,602,979
91$165,679,204$52,135,543$36,617,290$130,589,553
92$182,466,340$54,578,043$37,731,827$142,643,839
93$200,962,233$57,136,692$38,880,169$155,872,354
94$221,341,062$59,817,072$40,063,336$170,392,369
95$243,794,773$62,625,031$41,282,381$186,333,001
96$268,534,886$65,566,704$42,538,387$203,836,413
97$295,794,492$68,648,520$43,832,470$223,059,145
98$325,830,452$71,877,219$45,165,780$244,173,567
99$358,925,826$75,259,870$46,539,501$267,369,496
100$395,392,538$78,803,882$47,954,853$292,855,960