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

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 $18,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,439,839
2 years$748,117$734,184$720,681$707,589$694,889$675,347
3 years$493,791$479,798$466,328$453,359$440,866$421,817
4 years$366,652$352,702$339,368$326,620$314,430$296,020
5 years$290,389$276,523$263,363$250,875$239,024$221,308
6 years$239,564$225,802$212,837$200,627$189,132$172,130
7 years$203,274$189,628$176,868$164,946$153,815$137,534
8 years$176,069$162,546$149,998$138,369$127,604$112,042
9 years$154,921$141,526$129,193$117,860$107,461$92,611
10 years$138,012$124,748$112,634$101,597$91,562$77,413
11 years$124,187$111,056$99,161$88,419$78,747$65,285
12 years$112,674$99,678$88,003$77,556$68,240$55,451
13 years$102,940$90,079$78,625$68,470$59,507$47,374
14 years$94,604$81,880$70,645$60,780$52,163$40,667
15 years$87,386$74,799$63,783$54,205$45,929$35,051
16 years$81,076$68,626$57,828$48,535$40,592$30,312
17 years$75,514$63,202$52,621$43,608$35,992$26,288
18 years$70,576$58,402$48,037$39,300$32,002$22,854
19 years$66,163$54,126$43,975$35,511$28,524$19,910
20 years$62,196$50,297$40,358$32,162$25,478$17,376
21 years$58,611$46,849$37,122$29,189$22,800$15,188
22 years$55,357$43,732$34,214$26,539$20,437$13,293
23 years$52,390$40,902$31,590$24,170$18,346$11,648
24 years$49,675$38,322$29,216$22,044$16,489$10,217
25 years$47,180$35,964$27,059$20,132$14,838$8,969
26 years$44,881$33,800$25,096$18,408$13,365$7,880
27 years$42,756$31,810$23,304$16,849$12,050$6,928
28 years$40,787$29,974$21,664$15,437$10,873$6,094
29 years$38,956$28,277$20,160$14,156$9,818$5,363
30 years$37,251$26,705$18,779$12,992$8,871$4,722
31 years$35,659$25,245$17,507$11,932$8,020$4,160
32 years$34,169$23,887$16,334$10,966$7,255$3,665
33 years$32,773$22,621$15,251$10,084$6,566$3,231
34 years$31,461$21,440$14,250$9,278$5,945$2,848
35 years$30,227$20,335$13,323$8,541$5,384$2,512
36 years$29,065$19,301$12,463$7,866$4,878$2,215
37 years$27,967$18,332$11,665$7,248$4,421$1,954
38 years$26,930$17,422$10,924$6,680$4,008$1,724
39 years$25,949$16,566$10,235$6,160$3,635$1,522
40 years$25,019$15,761$9,593$5,681$3,297$1,343
41 years$24,137$15,003$8,995$5,242$2,991$1,185
42 years$23,299$14,289$8,438$4,838$2,714$1,046
43 years$22,502$13,614$7,918$4,466$2,463$924
44 years$21,743$12,977$7,432$4,123$2,236$816
45 years$21,020$12,375$6,978$3,808$2,030$720
46 years$20,331$11,805$6,554$3,517$1,843$636
47 years$19,673$11,266$6,158$3,250$1,674$562
48 years$19,044$10,755$5,786$3,003$1,520$496
49 years$18,443$10,270$5,439$2,775$1,380$438
50 years$17,867$9,810$5,113$2,565$1,254$387

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 $2,528 every year, while hoping to spend $47,920 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: 48/45/7 Blend
68$18,300,000$18,300,000$18,300,000$18,300,000
69$20,169,208$19,199,308$18,915,658$21,099,999
70$22,175,480$20,089,087$19,498,346$22,627,344
71$24,384,787$21,020,860$20,098,948$24,279,390
72$26,817,786$21,996,633$20,718,013$26,071,871
73$29,497,242$23,018,510$21,356,108$28,017,861
74$32,448,240$24,088,696$22,013,817$30,131,713
75$35,698,421$25,209,503$22,691,741$32,429,184
76$39,278,246$26,383,354$23,390,500$34,927,574
77$43,221,278$27,612,789$24,110,733$37,645,882
78$47,564,503$28,900,472$24,853,098$40,604,978
79$52,348,680$30,249,192$25,618,274$43,827,787
80$57,618,719$31,661,876$26,406,960$47,339,498
81$63,424,112$33,141,592$27,219,877$51,167,790
82$69,819,397$34,691,555$28,057,768$55,343,082
83$76,864,670$36,315,136$28,921,397$59,898,811
84$84,626,157$38,015,868$29,811,555$64,871,733
85$93,176,837$39,797,457$30,729,054$70,302,258
86$102,597,128$41,663,787$31,674,731$76,234,819
87$112,975,652$43,618,929$32,649,451$82,718,277
88$124,410,063$45,667,152$33,654,103$89,806,368
89$137,007,978$47,812,930$34,689,604$97,558,195
90$150,887,985$50,060,957$35,756,899$106,038,771
91$166,180,766$52,416,151$36,856,961$115,319,612
92$183,030,330$54,883,668$37,990,796$125,479,403
93$201,595,372$57,468,917$39,159,436$136,604,712
94$222,050,772$60,177,565$40,363,948$148,790,798
95$244,589,240$63,015,555$41,605,431$162,142,484
96$269,423,146$65,989,120$42,885,015$176,775,125
97$296,786,512$69,104,793$44,203,869$192,815,681
98$326,937,232$72,369,423$45,563,194$210,403,886
99$360,159,497$75,790,192$46,964,229$229,693,549
100$396,766,485$79,374,632$48,408,250$250,853,973