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%13.8%
1 years$1,511,197$1,497,736$1,484,603$1,471,784$1,459,268$1,436,275
2 years$748,117$734,184$720,681$707,589$694,889$671,785
3 years$493,791$479,798$466,328$453,359$440,866$418,368
4 years$366,652$352,702$339,368$326,620$314,430$292,711
5 years$290,389$276,523$263,363$250,875$239,024$218,148
6 years$239,564$225,802$212,837$200,627$189,132$169,122
7 years$203,274$189,628$176,868$164,946$153,815$134,678
8 years$176,069$162,546$149,998$138,369$127,604$109,337
9 years$154,921$141,526$129,193$117,860$107,461$90,054
10 years$138,012$124,748$112,634$101,597$91,562$75,002
11 years$124,187$111,056$99,161$88,419$78,747$63,015
12 years$112,674$99,678$88,003$77,556$68,240$53,318
13 years$102,940$90,079$78,625$68,470$59,507$45,372
14 years$94,604$81,880$70,645$60,780$52,163$38,793
15 years$87,386$74,799$63,783$54,205$45,929$33,299
16 years$81,076$68,626$57,828$48,535$40,592$28,676
17 years$75,514$63,202$52,621$43,608$35,992$24,764
18 years$70,576$58,402$48,037$39,300$32,002$21,437
19 years$66,163$54,126$43,975$35,511$28,524$18,593
20 years$62,196$50,297$40,358$32,162$25,478$16,155
21 years$58,611$46,849$37,122$29,189$22,800$14,057
22 years$55,357$43,732$34,214$26,539$20,437$12,247
23 years$52,390$40,902$31,590$24,170$18,346$10,682
24 years$49,675$38,322$29,216$22,044$16,489$9,325
25 years$47,180$35,964$27,059$20,132$14,838$8,148
26 years$44,881$33,800$25,096$18,408$13,365$7,125
27 years$42,756$31,810$23,304$16,849$12,050$6,233
28 years$40,787$29,974$21,664$15,437$10,873$5,457
29 years$38,956$28,277$20,160$14,156$9,818$4,779
30 years$37,251$26,705$18,779$12,992$8,871$4,187
31 years$35,659$25,245$17,507$11,932$8,020$3,670
32 years$34,169$23,887$16,334$10,966$7,255$3,218
33 years$32,773$22,621$15,251$10,084$6,566$2,822
34 years$31,461$21,440$14,250$9,278$5,945$2,476
35 years$30,227$20,335$13,323$8,541$5,384$2,172
36 years$29,065$19,301$12,463$7,866$4,878$1,906
37 years$27,967$18,332$11,665$7,248$4,421$1,673
38 years$26,930$17,422$10,924$6,680$4,008$1,469
39 years$25,949$16,566$10,235$6,160$3,635$1,289
40 years$25,019$15,761$9,593$5,681$3,297$1,132
41 years$24,137$15,003$8,995$5,242$2,991$994
42 years$23,299$14,289$8,438$4,838$2,714$873
43 years$22,502$13,614$7,918$4,466$2,463$767
44 years$21,743$12,977$7,432$4,123$2,236$673
45 years$21,020$12,375$6,978$3,808$2,030$592
46 years$20,331$11,805$6,554$3,517$1,843$520
47 years$19,673$11,266$6,158$3,250$1,674$456
48 years$19,044$10,755$5,786$3,003$1,520$401
49 years$18,443$10,270$5,439$2,775$1,380$352
50 years$17,867$9,810$5,113$2,565$1,254$310

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 $6,266 every year, while hoping to spend $26,577 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: 88/6/6 Blend
68$18,300,000$18,300,000$18,300,000$18,300,000
69$20,173,063$19,203,163$18,919,513$21,944,264
70$22,202,438$20,115,841$19,525,039$24,010,553
71$24,437,918$21,072,348$20,149,960$26,277,471
72$26,900,499$22,074,806$20,794,896$28,768,757
73$29,613,315$23,125,437$21,460,490$31,507,027
74$32,601,860$24,226,570$22,147,404$34,517,193
75$35,894,229$25,380,651$22,856,321$37,826,693
76$39,521,379$26,590,242$23,587,946$41,465,757
77$43,517,425$27,858,030$24,343,009$45,467,680
78$47,919,962$29,186,832$25,122,258$49,869,145
79$52,770,416$30,579,605$25,926,472$54,710,560
80$58,114,438$32,039,445$26,756,449$60,036,440
81$64,002,336$33,569,604$27,613,015$65,895,826
82$70,489,547$35,173,487$28,497,023$72,342,748
83$77,637,161$36,854,668$29,409,354$79,436,728
84$85,512,498$38,616,893$30,350,914$87,243,342
85$94,189,745$40,464,093$31,322,642$95,834,839
86$103,750,653$42,400,387$32,325,504$105,290,817
87$114,285,310$44,430,097$33,360,499$115,698,974
88$125,892,993$46,557,753$34,428,657$127,155,935
89$138,683,103$48,788,108$35,531,042$139,768,157
90$152,776,198$51,126,144$36,668,750$153,652,935
91$168,305,133$53,577,088$37,842,916$168,939,504
92$185,416,311$56,146,419$39,054,708$185,770,258
93$204,271,066$58,839,885$40,305,333$204,302,091
94$225,047,189$61,663,514$41,596,036$224,707,872
95$247,940,601$64,623,625$42,928,102$247,178,076
96$273,167,208$67,726,848$44,302,858$271,922,578
97$300,964,933$70,980,133$45,721,674$299,172,631
98$331,595,968$74,390,772$47,185,962$329,183,045
99$365,349,246$77,966,409$48,697,181$362,234,586
100$402,543,169$81,715,062$50,256,836$398,636,626