Can I retire at age 69 with 18,800,000?

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 $18,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,439,090
2 years$768,558$754,244$740,372$726,922$713,875$654,132
3 years$507,282$492,907$479,070$465,746$452,912$395,354
4 years$376,670$362,339$348,640$335,544$323,021$268,087
5 years$298,323$284,078$270,559$257,730$245,555$193,385
6 years$246,109$231,971$218,652$206,108$194,299$144,925
7 years$208,828$194,809$181,701$169,453$158,017$111,420
8 years$180,880$166,987$154,097$142,150$131,091$87,222
9 years$159,154$145,392$132,723$121,080$110,397$69,191
10 years$141,783$128,156$115,711$104,372$94,064$55,438
11 years$127,580$114,090$101,870$90,835$80,898$44,761
12 years$115,753$102,401$90,407$79,675$70,105$36,359
13 years$105,753$92,541$80,773$70,341$61,133$29,674
14 years$97,189$84,117$72,575$62,441$53,589$24,311
15 years$89,773$76,842$65,525$55,686$47,184$19,978
16 years$83,291$70,501$59,408$49,861$41,701$16,458
17 years$77,577$64,929$54,059$44,800$36,975$13,585
18 years$72,504$59,997$49,349$40,373$32,876$11,233
19 years$67,971$55,605$45,177$36,481$29,303$9,300
20 years$63,895$51,671$41,461$33,040$26,174$7,709
21 years$60,213$48,129$38,136$29,986$23,423$6,395
22 years$56,870$44,927$35,148$27,264$20,996$5,310
23 years$53,822$42,019$32,453$24,830$18,847$4,411
24 years$51,032$39,369$30,014$22,647$16,940$3,667
25 years$48,469$36,946$27,799$20,682$15,243$3,049
26 years$46,108$34,723$25,782$18,911$13,731$2,536
27 years$43,925$32,679$23,941$17,309$12,379$2,111
28 years$41,901$30,793$22,256$15,859$11,170$1,757
29 years$40,021$29,050$20,711$14,543$10,086$1,462
30 years$38,269$27,434$19,292$13,347$9,114$1,218
31 years$36,633$25,935$17,985$12,258$8,240$1,014
32 years$35,103$24,539$16,780$11,266$7,453$844
33 years$33,668$23,239$15,668$10,360$6,745$703
34 years$32,321$22,026$14,639$9,532$6,107$586
35 years$31,053$20,891$13,687$8,775$5,531$488
36 years$29,859$19,828$12,804$8,081$5,012$407
37 years$28,732$18,833$11,984$7,446$4,542$339
38 years$27,666$17,898$11,222$6,863$4,118$282
39 years$26,658$17,019$10,514$6,328$3,734$235
40 years$25,703$16,192$9,855$5,837$3,387$196
41 years$24,796$15,413$9,241$5,385$3,073$163
42 years$23,935$14,679$8,668$4,970$2,788$136
43 years$23,116$13,986$8,134$4,588$2,531$113
44 years$22,337$13,332$7,635$4,236$2,297$94
45 years$21,594$12,713$7,169$3,912$2,085$79
46 years$20,886$12,128$6,733$3,614$1,893$66
47 years$20,210$11,574$6,326$3,338$1,719$55
48 years$19,564$11,049$5,945$3,085$1,561$46
49 years$18,946$10,551$5,588$2,851$1,418$38
50 years$18,355$10,079$5,253$2,635$1,288$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,800,000, adding $2,400 every year, while hoping to spend $21,867 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: 33/45/22 Blend
68$18,800,000$18,800,000$18,800,000$18,800,000
69$20,720,076$19,723,676$19,432,276$21,263,784
70$22,810,257$20,666,869$20,059,991$22,613,481
71$25,112,904$21,655,547$20,708,001$24,064,952
72$27,649,665$22,691,913$21,376,964$25,628,837
73$30,444,396$23,778,282$22,067,557$27,315,058
74$33,523,385$24,917,079$22,780,481$29,134,481
75$36,915,601$26,110,847$23,516,458$31,099,004
76$40,652,968$27,362,253$24,276,235$33,221,665
77$44,770,663$28,674,096$25,060,581$35,516,754
78$49,307,452$30,049,308$25,870,292$37,999,933
79$54,306,055$31,490,967$26,706,189$40,688,377
80$59,813,546$33,002,298$27,569,120$43,600,921
81$65,881,802$34,586,685$28,459,960$46,758,226
82$72,567,989$36,247,676$29,379,612$50,182,962
83$79,935,104$37,988,992$30,329,009$53,900,007
84$88,052,568$39,814,536$31,309,114$57,936,668
85$96,996,882$41,728,400$32,320,922$62,322,922
86$106,852,349$43,734,877$33,365,457$67,091,688
87$117,711,869$45,838,467$34,443,781$72,279,116
88$129,677,820$48,043,891$35,556,987$77,924,912
89$142,863,016$50,356,100$36,706,205$84,072,697
90$157,391,781$52,780,287$37,892,600$90,770,399
91$173,401,117$55,321,895$39,117,377$98,070,684
92$191,042,000$57,986,637$40,381,778$106,031,434
93$210,480,803$60,780,501$41,687,087$114,716,272
94$231,900,868$63,709,769$43,034,628$124,195,139
95$255,504,237$66,781,029$44,425,768$134,544,929
96$281,513,559$70,001,188$45,861,921$145,850,194
97$310,174,189$73,377,494$47,344,543$158,203,911
98$341,756,511$76,917,546$48,875,139$171,708,338
99$376,558,483$80,629,313$50,455,264$186,475,947
100$414,908,455$84,521,156$52,086,522$202,630,454