Can I retire at age 69 with 18,600,000?

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 $18,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$1,535,971$1,522,289$1,508,941$1,495,912$1,483,190$1,437,439
2 years$760,381$746,220$732,495$719,188$706,281$660,588
3 years$501,886$487,663$473,973$460,791$448,094$403,891
4 years$372,663$358,484$344,931$331,974$319,584$277,211
5 years$295,150$281,056$267,681$254,988$242,943$202,514
6 years$243,491$229,503$216,326$203,916$192,232$153,782
7 years$206,606$192,736$179,768$167,650$156,336$119,863
8 years$178,956$165,211$152,457$140,638$129,696$95,176
9 years$157,461$143,846$131,311$119,792$109,223$76,618
10 years$140,275$126,793$114,480$103,262$93,063$62,326
11 years$126,223$112,876$100,787$89,869$80,038$51,114
12 years$114,521$101,312$89,446$78,827$69,359$42,189
13 years$104,628$91,556$79,914$69,593$60,482$35,001
14 years$96,155$83,222$71,803$61,776$53,018$29,159
15 years$88,818$76,025$64,828$55,094$46,682$24,375
16 years$82,405$69,751$58,776$49,330$41,257$20,432
17 years$76,752$64,238$53,484$44,323$36,582$17,167
18 years$71,733$59,359$48,824$39,944$32,527$14,451
19 years$67,248$55,013$44,696$36,093$28,992$12,184
20 years$63,216$51,121$41,020$32,689$25,896$10,286
21 years$59,572$47,617$37,730$29,667$23,174$8,694
22 years$56,265$44,449$34,774$26,974$20,772$7,355
23 years$53,249$41,572$32,108$24,566$18,646$6,227
24 years$50,489$38,951$29,694$22,406$16,760$5,276
25 years$47,954$36,553$27,503$20,462$15,081$4,472
26 years$45,617$34,354$25,508$18,710$13,585$3,793
27 years$43,457$32,331$23,686$17,125$12,248$3,218
28 years$41,455$30,466$22,019$15,690$11,051$2,731
29 years$39,595$28,741$20,491$14,388$9,979$2,319
30 years$37,862$27,143$19,086$13,205$9,017$1,969
31 years$36,243$25,659$17,794$12,128$8,152$1,672
32 years$34,729$24,278$16,602$11,146$7,374$1,421
33 years$33,310$22,992$15,501$10,249$6,673$1,207
34 years$31,977$21,791$14,483$9,430$6,042$1,026
35 years$30,723$20,669$13,541$8,681$5,473$872
36 years$29,541$19,618$12,667$7,995$4,958$741
37 years$28,426$18,632$11,856$7,366$4,494$630
38 years$27,372$17,707$11,103$6,790$4,074$535
39 years$26,374$16,838$10,402$6,261$3,695$455
40 years$25,429$16,020$9,750$5,774$3,351$387
41 years$24,532$15,249$9,142$5,328$3,040$329
42 years$23,681$14,523$8,576$4,917$2,759$280
43 years$22,871$13,837$8,047$4,539$2,504$238
44 years$22,099$13,190$7,554$4,191$2,273$202
45 years$21,365$12,578$7,093$3,870$2,063$172
46 years$20,664$11,999$6,662$3,575$1,873$146
47 years$19,995$11,450$6,259$3,303$1,701$124
48 years$19,356$10,931$5,881$3,052$1,545$106
49 years$18,745$10,439$5,528$2,821$1,403$90
50 years$18,160$9,971$5,197$2,607$1,274$76

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,600,000, adding $5,603 every year, while hoping to spend $23,391 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: 70/12/18 Blend
68$18,600,000$18,600,000$18,600,000$18,600,000
69$20,502,979$19,517,179$19,228,879$21,849,488
70$22,569,396$20,448,633$19,848,159$23,678,532
71$24,845,802$21,424,945$20,487,401$25,676,434
72$27,353,593$22,448,286$21,147,248$27,862,581
73$30,116,345$23,520,938$21,828,366$30,255,571
74$33,160,038$24,645,289$22,531,442$32,875,873
75$36,513,299$25,823,845$23,257,182$35,746,019
76$40,207,677$27,059,236$24,006,320$38,890,812
77$44,277,938$28,354,216$24,779,609$42,337,557
78$48,762,391$29,711,676$25,577,830$46,116,316
79$53,703,254$31,134,647$26,401,786$50,260,185
80$59,147,049$32,626,308$27,252,308$54,805,607
81$65,145,041$34,189,990$28,130,254$59,792,708
82$71,753,726$35,829,191$29,036,509$65,265,673
83$79,035,360$37,547,574$29,971,985$71,273,156
84$87,058,546$39,348,985$30,937,627$77,868,740
85$95,898,888$41,237,456$31,934,407$85,111,432
86$105,639,696$43,217,212$32,963,331$93,066,218
87$116,372,779$45,292,690$34,025,436$101,804,670
88$128,199,308$47,468,537$35,121,794$111,405,616
89$141,230,773$49,749,631$36,253,510$121,955,880
90$155,590,034$52,141,085$37,421,725$133,551,091
91$171,412,482$54,648,263$38,627,617$146,296,584
92$188,847,316$57,276,789$39,872,403$160,308,387
93$208,058,952$60,032,561$41,157,338$175,714,305
94$229,228,575$62,921,766$42,483,719$192,655,126
95$252,555,849$65,950,893$43,852,883$211,285,935
96$278,260,804$69,126,744$45,266,212$231,777,576
97$306,585,907$72,456,456$46,725,132$254,318,254
98$337,798,360$75,947,512$48,231,114$279,115,303
99$372,192,615$79,607,763$49,785,678$306,397,134
100$410,093,156$83,445,438$51,390,394$336,415,385