Can I retire at age 69 with 18,900,000?

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 $18,900,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$1,560,744$1,546,842$1,533,278$1,520,040$1,507,113$1,451,907
2 years$772,646$758,256$744,310$730,788$717,673$662,669
3 years$509,981$495,529$481,618$468,223$455,321$402,248
4 years$378,674$364,266$350,494$337,328$324,739$274,002
5 years$299,910$285,589$271,998$259,101$246,861$198,593
6 years$247,418$233,205$219,815$207,205$195,333$149,567
7 years$209,939$195,845$182,667$170,354$158,858$115,584
8 years$181,842$167,875$154,916$142,906$131,788$90,967
9 years$160,000$146,166$133,429$121,724$110,985$72,562
10 years$142,537$128,838$116,327$104,928$94,564$58,472
11 years$128,259$114,697$102,412$91,318$81,329$47,489
12 years$116,368$102,946$90,888$80,099$70,478$38,807
13 years$106,315$93,033$81,203$70,715$61,458$31,869
14 years$97,706$84,564$72,961$62,773$53,874$26,274
15 years$90,251$77,251$65,874$55,982$47,435$21,730
16 years$83,734$70,876$59,724$50,126$41,923$18,019
17 years$77,990$65,274$54,347$45,038$37,172$14,973
18 years$72,890$60,317$49,612$40,588$33,051$12,464
19 years$68,332$55,901$45,417$36,675$29,459$10,390
20 years$64,235$51,946$41,681$33,216$26,314$8,672
21 years$60,533$48,385$38,339$30,146$23,548$7,245
22 years$57,172$45,166$35,335$27,409$21,107$6,058
23 years$54,108$42,243$32,626$24,962$18,947$5,068
24 years$51,303$39,579$30,173$22,767$17,030$4,243
25 years$48,727$37,143$27,947$20,792$15,324$3,554
26 years$46,353$34,908$25,919$19,011$13,804$2,978
27 years$44,158$32,853$24,068$17,402$12,445$2,496
28 years$42,124$30,957$22,374$15,944$11,230$2,093
29 years$40,233$29,204$20,821$14,621$10,140$1,755
30 years$38,472$27,580$19,394$13,418$9,162$1,472
31 years$36,828$26,073$18,081$12,323$8,283$1,235
32 years$35,289$24,670$16,870$11,326$7,493$1,036
33 years$33,847$23,363$15,751$10,415$6,781$869
34 years$32,493$22,143$14,717$9,582$6,140$730
35 years$31,218$21,002$13,759$8,821$5,561$612
36 years$30,018$19,934$12,872$8,124$5,038$514
37 years$28,884$18,933$12,048$7,485$4,566$431
38 years$27,813$17,993$11,282$6,899$4,140$362
39 years$26,800$17,109$10,570$6,362$3,754$304
40 years$25,839$16,278$9,907$5,868$3,405$255
41 years$24,928$15,495$9,290$5,414$3,089$214
42 years$24,062$14,757$8,714$4,996$2,803$180
43 years$23,239$14,061$8,177$4,612$2,544$151
44 years$22,456$13,403$7,676$4,258$2,309$127
45 years$21,709$12,781$7,207$3,933$2,096$106
46 years$20,997$12,192$6,769$3,633$1,903$89
47 years$20,318$11,635$6,360$3,356$1,728$75
48 years$19,668$11,107$5,976$3,101$1,570$63
49 years$19,047$10,607$5,617$2,866$1,426$53
50 years$18,453$10,132$5,281$2,649$1,295$44

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $18,900,000, adding $4,867 every year, while hoping to spend $24,710 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: 56/18/26 Blend
68$18,900,000$18,900,000$18,900,000$18,900,000
69$20,832,820$19,831,120$19,538,170$21,850,589
70$22,931,477$20,776,554$20,166,408$23,495,380
71$25,243,368$21,767,486$20,814,863$25,283,510
72$27,790,218$22,806,119$21,484,187$27,231,255
73$30,595,965$23,894,764$22,175,053$29,354,004
74$33,686,990$25,035,843$22,888,153$31,668,681
75$37,092,361$26,231,898$23,624,205$34,193,897
76$40,844,114$27,485,593$24,383,947$36,950,124
77$44,977,547$28,799,721$25,168,144$39,959,878
78$49,531,562$30,177,212$25,977,581$43,247,930
79$54,549,025$31,621,139$26,813,074$46,841,534
80$60,077,175$33,134,724$27,675,461$50,770,674
81$66,168,066$34,721,345$28,565,608$55,068,346
82$72,879,063$36,384,546$29,484,411$59,770,861
83$80,273,381$38,128,041$30,432,792$64,918,178
84$88,420,679$39,955,729$31,411,704$70,554,279
85$97,397,724$41,871,695$32,422,131$76,727,573
86$107,289,108$43,880,224$33,465,089$83,491,346
87$118,188,053$45,985,811$34,541,625$90,904,258
88$130,197,288$48,193,169$35,652,823$99,030,884
89$143,430,017$50,507,240$36,799,798$107,942,321
90$158,010,991$52,933,208$37,983,704$117,716,841
91$174,077,685$55,476,507$39,205,731$128,440,631
92$191,781,593$58,142,841$40,467,107$140,208,587
93$211,289,661$60,938,186$41,769,101$153,125,204
94$232,785,862$63,868,812$43,113,021$167,305,552
95$256,472,933$66,941,297$44,500,220$182,876,348
96$282,574,286$70,162,534$45,932,092$199,977,141
97$311,336,122$73,539,758$47,410,076$218,761,621
98$343,029,753$77,080,552$48,935,659$239,399,049
99$377,954,160$80,792,871$50,510,376$262,075,849
100$416,438,821$84,685,058$52,135,810$286,997,348