Can I retire at age 69 with 18,700,000?

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 $18,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$1,544,229$1,530,473$1,517,053$1,503,955$1,491,164$1,446,909
2 years$764,470$750,232$736,434$723,055$710,078$665,858
3 years$504,584$490,285$476,521$463,268$450,503$407,703
4 years$374,667$360,411$346,785$333,759$321,302$280,252
5 years$296,736$282,567$269,120$256,359$244,249$205,059
6 years$244,800$230,737$217,489$205,012$193,266$155,971
7 years$207,717$193,773$180,734$168,552$157,177$121,777
8 years$179,918$166,099$153,277$141,394$130,393$96,866
9 years$158,307$144,619$132,017$120,436$109,810$78,121
10 years$141,029$127,475$115,096$103,817$93,564$63,669
11 years$126,902$113,483$101,328$90,352$80,468$52,316
12 years$115,137$101,856$89,926$79,251$69,732$43,267
13 years$105,190$92,048$80,343$69,967$60,807$35,969
14 years$96,672$83,669$72,189$62,109$53,303$30,027
15 years$89,296$76,434$65,177$55,390$46,933$25,154
16 years$82,848$70,126$59,092$49,596$41,479$21,131
17 years$77,165$64,584$53,772$44,561$36,778$17,793
18 years$72,119$59,678$49,087$40,159$32,702$15,011
19 years$67,609$55,309$44,936$36,287$29,148$12,685
20 years$63,555$51,396$41,240$32,865$26,035$10,734
21 years$59,893$47,873$37,933$29,827$23,299$9,093
22 years$56,567$44,688$34,961$27,119$20,884$7,711
23 years$53,535$41,796$32,281$24,698$18,747$6,544
24 years$50,760$39,160$29,854$22,526$16,850$5,557
25 years$48,211$36,750$27,651$20,572$15,162$4,722
26 years$45,862$34,539$25,645$18,810$13,658$4,015
27 years$43,691$32,505$23,813$17,217$12,314$3,414
28 years$41,678$30,629$22,138$15,775$11,111$2,905
29 years$39,808$28,895$20,601$14,466$10,033$2,472
30 years$38,065$27,288$19,189$13,276$9,065$2,105
31 years$36,438$25,797$17,889$12,193$8,196$1,792
32 years$34,916$24,409$16,691$11,206$7,414$1,526
33 years$33,489$23,116$15,585$10,305$6,709$1,300
34 years$32,149$21,908$14,561$9,481$6,075$1,107
35 years$30,888$20,780$13,614$8,728$5,502$943
36 years$29,700$19,723$12,735$8,038$4,985$804
37 years$28,579$18,732$11,920$7,406$4,518$685
38 years$27,519$17,802$11,163$6,826$4,096$584
39 years$26,516$16,928$10,458$6,294$3,714$497
40 years$25,566$16,106$9,802$5,806$3,369$424
41 years$24,664$15,331$9,192$5,356$3,057$361
42 years$23,808$14,601$8,622$4,943$2,774$308
43 years$22,993$13,912$8,091$4,563$2,517$262
44 years$22,218$13,261$7,594$4,213$2,285$224
45 years$21,480$12,645$7,131$3,891$2,074$191
46 years$20,775$12,063$6,698$3,594$1,883$163
47 years$20,103$11,512$6,292$3,321$1,710$139
48 years$19,460$10,990$5,913$3,068$1,553$118
49 years$18,846$10,495$5,558$2,836$1,410$101
50 years$18,258$10,025$5,225$2,621$1,281$86

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,700,000, adding $2,139 every year, while hoping to spend $23,729 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: 41/40/19 Blend
68$18,700,000$18,700,000$18,700,000$18,700,000
69$20,609,606$19,618,506$19,328,656$21,339,080
70$22,686,539$20,554,566$19,950,919$22,794,301
71$24,974,523$21,535,697$20,593,232$24,365,923
72$27,495,061$22,564,083$21,256,242$26,066,511
73$30,271,848$23,642,013$21,940,617$27,907,863
74$33,330,994$24,771,890$22,647,045$29,902,919
75$36,701,273$25,956,230$23,376,239$32,065,877
76$40,414,392$27,197,674$24,128,932$34,412,314
77$44,505,291$28,498,991$24,905,882$36,959,327
78$49,012,473$29,863,084$25,707,872$39,725,685
79$53,978,369$31,292,999$26,535,709$42,731,996
80$59,449,735$32,791,928$27,390,227$46,000,888
81$65,478,096$34,363,220$28,272,287$49,557,215
82$72,120,230$36,010,387$29,182,778$53,428,280
83$79,438,709$37,737,111$30,122,616$57,644,078
84$87,502,482$39,547,254$31,092,749$62,237,569
85$96,387,533$41,444,867$32,094,153$67,244,975
86$106,177,592$43,434,196$33,127,838$72,706,107
87$116,964,931$45,519,697$34,194,845$78,664,730
88$128,851,231$47,706,039$35,296,250$85,168,956
89$141,948,543$49,998,122$36,433,161$92,271,686
90$156,380,348$52,401,083$37,606,726$100,031,090
91$172,282,719$54,920,311$38,818,126$108,511,144
92$189,805,605$57,561,456$40,068,582$117,782,208
93$209,114,253$60,330,443$41,359,356$127,921,678
94$230,390,760$63,233,488$42,691,747$139,014,692
95$253,835,796$66,277,107$44,067,099$151,154,916
96$279,670,499$69,468,138$45,486,799$164,445,404
97$308,138,560$72,813,747$46,952,277$178,999,550
98$339,508,527$76,321,454$48,465,012$194,942,135
99$374,076,335$79,999,143$50,026,528$212,410,476
100$412,168,104$83,855,084$51,638,400$231,555,700