Can I retire at age 69 with 19,100,000?

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 $19,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$1,577,260$1,563,211$1,549,504$1,536,125$1,523,061$1,497,829
2 years$780,822$766,280$752,186$738,521$725,267$699,920
3 years$515,377$500,772$486,714$473,178$460,139$435,466
4 years$382,681$368,121$354,203$340,898$328,175$304,366
5 years$303,084$288,611$274,876$261,842$249,474$226,597
6 years$250,036$235,673$222,141$209,397$197,400$175,482
7 years$212,160$197,918$184,600$172,157$160,539$139,586
8 years$183,766$169,652$156,556$144,418$133,183$113,191
9 years$161,694$147,712$134,841$123,012$112,159$93,118
10 years$144,046$130,201$117,558$106,038$95,565$77,458
11 years$129,616$115,911$103,496$92,285$82,189$64,997
12 years$117,600$104,035$91,850$80,946$71,223$54,924
13 years$107,440$94,017$82,062$71,463$62,108$46,678
14 years$98,740$85,459$73,733$63,437$54,444$39,856
15 years$91,206$78,068$66,571$56,575$47,936$34,164
16 years$84,620$71,626$60,356$50,657$42,366$29,381
17 years$78,815$65,965$54,922$45,515$37,565$25,336
18 years$73,661$60,955$50,137$41,018$33,401$21,900
19 years$69,055$56,492$45,898$37,063$29,771$18,967
20 years$64,915$52,495$42,123$33,568$26,592$16,455
21 years$61,174$48,897$38,745$30,465$23,797$14,297
22 years$57,777$45,644$35,709$27,700$21,331$12,437
23 years$54,681$42,690$32,971$25,226$19,148$10,831
24 years$51,846$39,998$30,493$23,008$17,210$9,441
25 years$49,243$37,536$28,242$21,012$15,487$8,236
26 years$46,843$35,278$26,193$19,213$13,950$7,190
27 years$44,626$33,200$24,323$17,586$12,577$6,280
28 years$42,570$31,284$22,611$16,112$11,348$5,489
29 years$40,659$29,513$21,042$14,775$10,247$4,799
30 years$38,879$27,872$19,600$13,560$9,259$4,198
31 years$37,218$26,348$18,272$12,454$8,371$3,674
32 years$35,663$24,931$17,048$11,445$7,572$3,215
33 years$34,205$23,610$15,918$10,525$6,853$2,815
34 years$32,836$22,377$14,873$9,684$6,205$2,465
35 years$31,549$21,224$13,905$8,915$5,620$2,160
36 years$30,335$20,145$13,008$8,210$5,092$1,892
37 years$29,190$19,133$12,175$7,564$4,615$1,658
38 years$28,108$18,183$11,401$6,972$4,184$1,453
39 years$27,083$17,290$10,682$6,429$3,794$1,273
40 years$26,113$16,450$10,012$5,930$3,441$1,116
41 years$25,192$15,659$9,388$5,471$3,122$978
42 years$24,317$14,913$8,806$5,049$2,833$858
43 years$23,485$14,209$8,264$4,661$2,571$752
44 years$22,694$13,545$7,757$4,303$2,334$659
45 years$21,939$12,916$7,283$3,974$2,119$578
46 years$21,220$12,321$6,841$3,671$1,924$507
47 years$20,533$11,758$6,427$3,392$1,747$445
48 years$19,876$11,225$6,039$3,134$1,586$390
49 years$19,249$10,719$5,677$2,896$1,441$342
50 years$18,648$10,239$5,337$2,677$1,309$300

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $19,100,000, adding $6,249 every year, while hoping to spend $23,172 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: 66/28/6 Blend
68$19,100,000$19,100,000$19,100,000$19,100,000
69$21,054,646$20,042,346$19,746,296$22,424,235
70$23,177,565$20,999,766$20,383,142$24,291,564
71$25,516,245$22,003,323$21,040,546$26,328,128
72$28,092,670$23,055,253$21,719,171$28,553,134
73$30,931,063$24,157,902$22,419,705$30,984,933
74$34,058,120$25,313,728$23,142,854$33,643,706
75$37,503,258$26,525,310$23,889,349$36,551,653
76$41,298,893$27,795,353$24,659,945$39,733,191
77$45,480,747$29,126,692$25,455,420$43,215,184
78$50,088,186$30,522,303$26,276,579$47,027,185
79$55,164,588$31,985,302$27,124,251$51,201,713
80$60,757,756$33,518,962$27,999,294$55,774,549
81$66,920,368$35,126,713$28,902,592$60,785,070
82$73,710,475$36,812,151$29,835,057$66,276,610
83$81,192,045$38,579,048$30,797,634$72,296,862
84$89,435,573$40,431,361$31,791,294$78,898,320
85$98,518,743$42,373,239$32,817,043$86,138,765
86$108,527,159$44,409,032$33,875,919$94,081,803
87$119,555,157$46,543,303$34,968,991$102,797,452
88$131,706,696$48,780,838$36,097,365$112,362,798
89$145,096,335$51,126,654$37,262,182$122,862,706
90$159,850,317$53,586,016$38,464,620$134,390,615
91$176,107,760$56,164,442$39,705,897$147,049,406
92$194,021,974$58,867,722$40,987,266$160,952,361
93$213,761,901$61,701,925$42,310,025$176,224,218
94$235,513,715$64,673,420$43,675,511$193,002,341
95$259,482,579$67,788,883$45,085,106$211,437,994
96$285,894,582$71,055,318$46,540,237$231,697,761
97$314,998,869$74,480,068$48,042,375$253,965,101
98$347,069,999$78,070,837$49,593,040$278,442,062
99$382,410,534$81,835,703$51,193,801$305,351,173
100$421,353,894$85,783,138$52,846,279$334,937,527