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%13.4%
1 years$1,552,486$1,538,658$1,525,166$1,511,997$1,499,138$1,477,956
2 years$768,558$754,244$740,372$726,922$713,875$692,575
3 years$507,282$492,907$479,070$465,746$452,912$432,156
4 years$376,670$362,339$348,640$335,544$323,021$302,970
5 years$298,323$284,078$270,559$257,730$245,555$226,267
6 years$246,109$231,971$218,652$206,108$194,299$175,797
7 years$208,828$194,809$181,701$169,453$158,017$140,307
8 years$180,880$166,987$154,097$142,150$131,091$114,170
9 years$159,154$145,392$132,723$121,080$110,397$94,258
10 years$141,783$128,156$115,711$104,372$94,064$78,694
11 years$127,580$114,090$101,870$90,835$80,898$66,283
12 years$115,753$102,401$90,407$79,675$70,105$56,227
13 years$105,753$92,541$80,773$70,341$61,133$47,973
14 years$97,189$84,117$72,575$62,441$53,589$41,127
15 years$89,773$76,842$65,525$55,686$47,184$35,399
16 years$83,291$70,501$59,408$49,861$41,701$30,570
17 years$77,577$64,929$54,059$44,800$36,975$26,475
18 years$72,504$59,997$49,349$40,373$32,876$22,983
19 years$67,971$55,605$45,177$36,481$29,303$19,993
20 years$63,895$51,671$41,461$33,040$26,174$17,423
21 years$60,213$48,129$38,136$29,986$23,423$15,206
22 years$56,870$44,927$35,148$27,264$20,996$13,289
23 years$53,822$42,019$32,453$24,830$18,847$11,626
24 years$51,032$39,369$30,014$22,647$16,940$10,182
25 years$48,469$36,946$27,799$20,682$15,243$8,924
26 years$46,108$34,723$25,782$18,911$13,731$7,828
27 years$43,925$32,679$23,941$17,309$12,379$6,871
28 years$41,901$30,793$22,256$15,859$11,170$6,034
29 years$40,021$29,050$20,711$14,543$10,086$5,302
30 years$38,269$27,434$19,292$13,347$9,114$4,661
31 years$36,633$25,935$17,985$12,258$8,240$4,099
32 years$35,103$24,539$16,780$11,266$7,453$3,606
33 years$33,668$23,239$15,668$10,360$6,745$3,173
34 years$32,321$22,026$14,639$9,532$6,107$2,793
35 years$31,053$20,891$13,687$8,775$5,531$2,458
36 years$29,859$19,828$12,804$8,081$5,012$2,165
37 years$28,732$18,833$11,984$7,446$4,542$1,907
38 years$27,666$17,898$11,222$6,863$4,118$1,679
39 years$26,658$17,019$10,514$6,328$3,734$1,479
40 years$25,703$16,192$9,855$5,837$3,387$1,303
41 years$24,796$15,413$9,241$5,385$3,073$1,149
42 years$23,935$14,679$8,668$4,970$2,788$1,012
43 years$23,116$13,986$8,134$4,588$2,531$892
44 years$22,337$13,332$7,635$4,236$2,297$786
45 years$21,594$12,713$7,169$3,912$2,085$693
46 years$20,886$12,128$6,733$3,614$1,893$611
47 years$20,210$11,574$6,326$3,338$1,719$538
48 years$19,564$11,049$5,945$3,085$1,561$475
49 years$18,946$10,551$5,588$2,851$1,418$418
50 years$18,355$10,079$5,253$2,635$1,288$369

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 $3,032 every year, while hoping to spend $53,227 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: 67/21/12 Blend
68$18,800,000$18,800,000$18,800,000$18,800,000
69$20,720,728$19,724,328$19,432,928$22,053,827
70$22,777,609$20,634,186$20,027,297$23,851,591
71$25,042,508$21,586,845$20,639,795$25,809,827
72$27,536,586$22,584,343$21,270,971$27,949,474
73$30,283,163$23,628,820$21,921,393$30,288,291
74$33,307,932$24,722,519$22,591,647$32,845,817
75$36,639,208$25,867,790$23,282,334$35,643,549
76$40,308,192$27,067,096$23,994,076$38,705,144
77$44,349,263$28,323,019$24,727,513$42,056,634
78$48,800,306$29,638,265$25,483,303$45,726,670
79$53,703,070$31,015,673$26,262,127$49,746,784
80$59,103,557$32,458,215$27,064,682$54,151,685
81$65,052,461$33,969,009$27,891,690$58,979,579
82$71,605,645$35,551,323$28,743,894$64,272,522
83$78,824,664$37,208,581$29,622,059$70,076,814
84$86,777,354$38,944,376$30,526,972$76,443,429
85$95,538,465$40,762,471$31,459,446$83,428,489
86$105,190,368$42,666,811$32,420,317$91,093,784
87$115,823,835$44,661,535$33,410,447$99,507,354
88$127,538,893$46,750,977$34,430,724$108,744,117
89$140,445,770$48,939,684$35,482,062$118,886,576
90$154,665,932$51,232,422$36,565,405$130,025,579
91$170,333,233$53,634,187$37,681,722$142,261,179
92$187,595,177$56,150,217$38,832,015$155,703,562
93$206,614,311$58,786,003$40,017,313$170,474,078
94$227,569,755$61,547,302$41,238,677$186,706,382
95$250,658,900$64,440,149$42,497,202$204,547,679
96$276,099,263$67,470,872$43,794,014$224,160,106
97$304,130,548$70,646,105$45,130,274$245,722,250
98$335,016,903$73,972,803$46,507,177$269,430,824
99$369,049,415$77,458,258$47,925,955$295,502,507
100$406,548,857$81,110,115$49,387,877$324,175,983